Warburg Pincus bets on China industrial parks
D&J Industrial Property (China) Investment Co Ltd has raised $220 million from its founder and from private equity firmWarburg Pincus LLC, looking to expand its business parks and industrial facilities in China. The investment follows an earlier funding round of about $200 million byWarburg Pincus and D&J China’s founder Sun Dongping into the company, Warburg Pincus said in a statement. The private equity firm has about $2.4 billion in property investments in China, including a stake in warehousing developer Shanghai e-ShangWarehousing Services Co Ltd, which is also owned by D&JChina’s Sun. $400,000. Frederic Poux, chairman of Alain Afflelou’s management board, said it will focus on promoting self-owned brand Afflelou-Paris in China, and the group’s first stores will be opened in Chongqing. arch-rival The Boeing Co in the race for neworders. Airbus made 2.7 billion euros ($3 billion) last year, up from 2.3 billion euros in 2014, the company said onWednesday. compared with average growth rates over the past decade.