The Carlyle Group Invests in Ganji.com (Asia)
Source: The Carlyle Group, The Wall Street Journal | Author(s): Sonja Cheung
Global alternative asset manager The Carlyle Group has acquired a minority stake in China-based operator of online and mobile-based classifieds Ganji.com in a Series E financing round. The transaction was structured through Carlyle Asia Partners IV. Hedge fund Tiger Global also participated in the round, which was reported to be worth more than US$200 million. Ganji.com intends to use the investment to expand its merchant base and customer reach.