[THE INVESTOR] South Korean private equity firm Lindeman Asia Investment along with Chinese institutional investors have plugged US$260 million in Cogobuy, China’s leading e-commerce platform for electronics components, the company said on Sept. 20.
Through the investment, Lindeman Asia, China’s supplementary pension Social Security Fund and China Reinsurance Corp. hold a 10 percent stake in Cogobuy.
The move came after the Seoul-based PEF raised $268.6 million earlier this month for its new fund Lindeman Asia Global Pioneer to invest in Chinese enterprises.
![](//res.heraldm.com/content/image/2016/09/20/20160920000746_0.jpg)
Some of the investors in the fund include South Korea’s National Pension Service and Korea Development Bank who have each invested 100 billion won (US$89.41 million) in the vehicle.
Established in 2010, Cogobuy is a Hong Kong-listed company with a market capitalization of HK$17 billion (US$2.19 billion).
Its revenue rose 38 percent on-year to 9.45 billion yuan (US$1.42 billion) last year.
By Park Han-na (hnpark@heraldcorp.com)
Through the investment, Lindeman Asia, China’s supplementary pension Social Security Fund and China Reinsurance Corp. hold a 10 percent stake in Cogobuy.
The move came after the Seoul-based PEF raised $268.6 million earlier this month for its new fund Lindeman Asia Global Pioneer to invest in Chinese enterprises.
![](http://res.heraldm.com/content/image/2016/09/20/20160920000746_0.jpg)
Established in 2010, Cogobuy is a Hong Kong-listed company with a market capitalization of HK$17 billion (US$2.19 billion).
Its revenue rose 38 percent on-year to 9.45 billion yuan (US$1.42 billion) last year.
By Park Han-na (hnpark@heraldcorp.com)