Derek Sulger: the Expansion of Middle Class in China
During an interview by PEDaily, a leading web portal in the venture capital and private equity industry in China, Derek Sulger shared his insight on the investment opportunities brought by txpansion of middle class in China. For more, please click here.
E-Commerce in China – An Update
Recently, we opined on the challenges for e-commerce in China, particularly with regards to trust, privacy, payments and logistics. We noted the distinctive characteristics of the Chinese e-commerce ecosystem, credited online platforms for providing convenience and choice, but expressed concerns regarding profitability. A year has passed and despite superlative growth in volumes, profitability remains unclear […]
Burgeoning Bourgeois
The Chinese government has delivered on its promise of creating wealth for the masses, giving consumers purchasing power unimaginable even a decade ago. A recent study by McKinsey stated that the number of upper-middle class households with income between RMB 106,000 and RMB 229,000, has grown from 6% of urban household in 2010 to 14% […]
Derek Sulger provides his Macroeconomic Perspective on the Asia Region
At the 2013 SuperReturn Asia Conference, Lunar Capital Partner Derek Sulger was interviewed by SuperReturn TV, and provided his Macroeconomic Perspective on the Asia Region. To see the video, please click here.
Italian Luxury Childrenswear Brand Opens First Chinese Store in Shanghai
On September 18, 2013, I Pinco Pallino opened its first store in Shanghai's fashionable lifestyle landmark SOGO. Chinese consumers can closely experience the beauty and elegance of the Italian Luxury kiswear brand I Pinco Pallino. Over the next two months, I Pinco Pallino plans to set up the brand's flagship stores in Beijing and Senyang […]
Shopping with Billions
Chinese are going shopping with export-accumulated wealth again. This time the target is more aspirational. Rather than Louis Vuitton bags and Prada shoes, they are putting part of the USD 3.5 trillion in foreign reserves to work by acquiring billion-dollar companies. China’s appetite is growing for large, established foreign companies. Unlike Japan’s 1980s-era acquisition of […]
Invest in China’s Consumers, says PE veteran
Amid a slowdown in China’s economy, the consumer sector remains relatively buoyant with Nielsen’s consumer sentiment index in Q2 2013 rising two index points to 110 from the previous quarter, and up four points from same period last year. Lunar Capital founder and managing director Derek Sulger, who is based in Shanghai, spoke to AsianInvestor […]
The Evolution of Retail Formats in China
China’s retail format is evolving as Chinese consumers grow wealthier and savvier. To generate sustainable growth going forward, businesses need to upgrade their retail platforms. Generally speaking, in developed markets where GDP per capita reaches USD 8,000, new retail formats, such as supermarkets, shopping malls and hypermarkets tend to become more attractive to consumers. China […]
Meet Our Managers – Jerry Mao
Jerry Mao Partner at Lunar Capital In many ways, Lunar is a boutique, and has not had the privileges associated with buying a large firm over the past few years. We chose not to focus simply on fundraising and growing our AUM, but rather took on the challenge of differentiating through our unique focus on […]
Asia-Pacific PE activities continue downtrend in H1, AVCJ reports
Private equity activities in Asia-Pacific have decelerated in the first half, continuing the downtrend from last year, Tim Burroughs, editorial managing director of Asian Venture Capital Journal (AVCJ), says. The region's private equity fundraising came to US$17.3 billion between January and June, the lowest six-month level since 2009, AVCJ research shows. That is a 24.1% […]
