According to Bloomberg news, D.E. Shaw & Co., a 21 billion dollars hedge fund firm is in talks of buying China’s TEDA, an investment company called Tianjin TEDA International Holding Co. De.E Shaw is said to acquire 15 – 20 % of the international investments. TEDA one of the largest internal companies that oversees the Tianjin city government investments and financial companies that include China Bohai bank Co., and Tianjin Trust and Investments Co.
But China’s TEDA is not the only firm Shaw is interested in. According to recent news, Shaw has agreed to start a stock brokerage and private equity company in India with Mukesh Ambani (Amani’s Reliance Industries Ltd.) the owner of the largest investment company in India. Shaw has been investing in Asia for almost 22 years, and by acquiring China and India he is setting foot in one of the largest investments made in history.