TOKYO -- While investors and executives in Asia were still scrambling to deal with the new coronavirus outbreak in May, U.S. investment company KKR struck its biggest deal in Asia: a $1.5 billion investment in Jio Platforms, a newly established digital services arm of Indian conglomerate Reliance Industries.
KKR has invested in tech companies including China's ByteDance, owner of TikTok, and India's Jio Platforms. "The big tech investing opportunity is really domestic focused companies," the private equity group says. (Nikkei montage/Reuters)
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