HP CAPITAL Invests in Caixin Global
(BEIJING, 21. April 2023) – Caixin Global announced that HP CAPITAL PARTNERS LTD., a Porsche family fund, has reached an agreement to acquire a significant share of Caixin Global and will become their strategic partner for its further growth in Europe and beyond. The transaction was completed in February 2023.
“Caixin Global is devoted to building a business and financial information platform based in China with global impact.” said Hu Shuli, Chairwoman of Caixin Global. “We are very pleased to welcome HP Captial as our new shareholder, and we believe we can well integrate resources to deliver trustworthy business information on China globally.”
“We regard this as a strategic investment in an exciting business with substantial growth potential.”, Jovanka Porsche, CEO of HP CAPITAL PARTNERS said. “Access to objective business reporting, analysis and insight will always command a premium. All the more so for China, where investors and partners are keen to get involved in the world’s most exciting economy, but where knowledge and detailed understanding is sometimes missing particularly in our part of the world. Caixin Global is perfectly positioned to meet this demand and we see lots of synergies with our newly established dialogue platform, the European Forum on China, Asia and beyond.”
Established in 2016, Caixin Global welcomes its first European strategic investor, another milestone in the development of its overseas business and a boost to maintain its competitiveness as a leading global English-language financial news platform.
Caixin Global is the first media outlet in China to have a subscription paywall for English language content. It also organizes high-end international conferences and roundtables. Caixin Global will integrate its resources with HP Capital to develop more events, news product in English and other languages, and customized information products suitable for the global market. It will also provide more real-time information and in-depth analysis of China’s financial market to European users.
Caixin Global Sponsors China Markit PMI
The Caixin China PMI was officially released in August 2016. It was obtained by Caixin Media through bidding and was later sponsored by Caixin Global.
The Caixin China PMI includes the Caixin China General Manufacturing PMI and the Caixin China General Services PMI. It is compiled by Markit, a leading financial information service provider, and is released every month. The Caixin China PMI adheres to an objective style with credibility as its guiding principle. Relying on the research capabilities of Markit and Caixin Media, it has achieved in-depth observation and analysis of the economic fundamentals.
Caixin Global Acquire ISI and Successful Exit
In April 2018, Caixin Global participated in an overseas acquisition project led by CITIC Capital. The two parties formed a consortium to fully acquire CEIC and EMIS, two financial data products under Euromoney Institutional Investor PLC (a London Stock Exchange listed company) and integrated them into a unified brand called ISI Emerging Markets Group (“ISI”). ISI Emerging Markets Group is a leading provider of critical, hard-to-obtain macroeconomic, company, and industrial digital intelligence for emerging markets.
In December 2020, the consortium fully exited its investment in ISI Emerging Markets Group and completed the sale to Montagu, a leading European private equity firm.
For more information, please contact:
Ma Ling, Caixin Global
Telephone: +86 10 8590 5204
About Caixin Global
Caixin Global is one of the most respected sources of macroeconomic, financial, and business intelligence in China. Built on Caixin Media’s award-winning journalism, Caixin Global delivers fast, reliable business and financial news about China to the world. It offers its English news via a 24/7 digital and mobile platform (caixinglobal.com) and runs a print magazine.
Caixin Global also has an insight unit that offers policy analysis, industry monitoring, in-depth research, and financial databases with insight into China’s economic policy-making and its financial markets. It organizes a series of high-level global events, including Caixin Roundtables and the Caixin Summit. For more information, please visit www.caixinglobal.com.
About HP Capital Partners Ltd. (HPC)
HP Capital Partners Ltd. (HPC) is the Family Office of Mrs. Jovanka Christina Porsche and Mr. Hans Ferdinand Porsche. Rooted in family tradition, HPC’s investment approach is long-term and entrepreneurial, which is one of its key success factors. HPC invests globally with a special focus on Asia into a variety of asset classes. HPC is the initiator of “Global Neighbours: The European Forum on China, Asia & Beyond”. Its goal is to becoming a bridge between Europe, Asia and Africa, while at the same time strengthening an independent European position (www.globalneighbours.org).
For more information, please contact:
Sebastian Kübler, HP Capital Partners Ltd. (HPC)