China Digest: UOB backs elderly care service provider; Fengfan, Orinno set up $84m fund

China Digest: UOB backs elderly care service provider; Fengfan, Orinno set up $84m fund

Photo by Dominik Lange on Unsplash

UOB Venture Management’s Asia Impact Investment Fund has backed the elderly care service provider Tianyu Healthcare. Separately, China’s Fengfan Capital and Orinno Capital have jointly set up a 607-million-yuan ($84.2 million) equity investment fund.

Edited by: Pramod Mathew