Zuoyu Capital Sets Up $295M Public-Private Fund To Back Ancient Village Tourism Assets

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Beijing-based investment banking and private equity firm Zuoyu Capital has teamed up with Zhejiang Travel Group to establish a RMB2 billion (US$295 million) private-public fund to invest in tourism services and platforms associated with ancient villages in the province.

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.