The Hong Kong-based firm provided crucial financing to ByteDance and the Ant Group and even acquired Princeton Review, the New York-based college test prep firm.
Fred Hu, founder of Primavera Capital. Credit: ChinaImages via Depositphotos
In 2021, as Chinese regulators aggressively reshaped the landscape for the country’s leading technology companies, a sense of apprehension gripped chief executives. Yet, amidst the uncertainty, one CEO stood out for his unwavering confidence in the country’s ability to adapt: the head of Primavera Capital, Fred Hu. Dismissing concerns, Hu confidently asserted that the government’s quest for “common prosperity” was laudable and need not signal a weakening commitment to a robust private
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President Xi Jinping’s anti-corruption campaigns have come full circle in the PLA. First he hunted his predecessors’ appointees. Now his own generals are falling.
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In a special bonus episode recorded live at the Asia Society, host Jane Perlez speaks with journalist and scholar Orville Schell about his 50 years covering Chinese leaders and their American counterparts. They attempt to answer the question: how did we get here?
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