Bear Stearns and GOME bet big on China retail
Bear Stearns and the founder of GOME create a $500 million fund to invest in growing businesses in China's retail sector.
US investment bank Bear Stearns and Eagle Investment Group, an investment company of the GOME group, have announced a strategic investment alliance to focus on opportunities in the retail sector in China.
Bear StearnsÆ private equity arm, Bear Stearns Merchant Banking BSMB, will work with the 5050 joint venture. Each partner will contribute $250 million of capital to the fund, which will be deployed in retail businesses in China, helping them to expand both domestically and beyond China....
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