In the News: PE Concerns in TikTok Bill; EU AI Act; and China Quant Funds

March 21, 2024 | BY

Clarence Lee &Krista Lee

A proposed TikTok bill could give rise to a U.S. equivalent to the VIE structure; The EU's new AI Act has a wide scope that could affect Chinese firms; and Quant funds respond to regulators' crackdown of their industry.

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TikTok Ban Bill Adds Complexity to U.S. PE's China Exit

Last week's advancement of the U.S. bill addressing ByteDance's ownership of TikTok highlights the challenges in the current environment of private fund investments and the issues fund managers face exiting investments in China, the Financial Times reported last week.

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