China's consumer-driven sectors are a 'sweet spot' and opportunity for investors, says KKR
Publishing timestamp: 2023-07-09 22:40:49
Summary
KKR, a global investing firm, is shifting its focus in China from technology to consumer-driven sectors. The company has about $6 billion invested in China, with a core focus on domestic consumption. They are targeting the growing middle class in China and have invested in companies in sectors such as pet food, lighting fixtures, retail pharmacy chains, and domestic liquor and alcohol brands. KKR is avoiding sensitive areas in technology and is cautious about the geopolitical complexity between China and the US. The company's assets under management are over $500 billion, with a significant presence in private equity, growth equity, infrastructure, and private credit in Asia.
Sentiment: NEUTRAL
Tickers: KKR,
Keywords: business news, china, kkr & co inc, asia economy,
Source: https://www.cnbc.com/2023/07/10/kkr-says-chinas-consumer-sectors-a-sweet-spot-for-investors.html