Private equity adapts to fast-changing China

Private equity firms are busy assessing opportunities in China amid the current market turmoil, following a strong year for exits and fundraising. Growing areas of focus for general partners include investing alongside state-owned enterprises and buying into e-commerce and robotics, as they seek to adapt to the fast-changing mainland market.  “We try to brand ourselves as long-term patient money, but that shouldn’t be the case,” said Sun Chang, former Asia-Pacific chairman of US-b…