Key Takeaways: Carlyle and Citic may be looking to sell down their stake in a venture that operates most McDonald’s stores in China The move may be partly driven by investors looking to cash out their stakes in Carlyle and Citic-backed funds that financed the original investment in 2017 By Chen Ruzhen
Key Takeaways: Hywin Holdings is diversifying beyond its real estate-focused wealth management business with moves into broader asset management and healthcare services The company’s revenue rose 17.6% in the six months through last December, though its profit was flat compared with the year-earlier period