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In Chinese purchase of J.D. Power, backers and motives remain a mystery
About 18 months ago, a Chinese private equity fund called Xio Group bought J.D. Power and Associates for $1.1 billion. As with several other high-profile purchases in the past few years before the Chinese government clamped down, Xio Group, founded in 2014, came from nowhere to snag one of America’s marquee automotive industry names.
Source: https://www.autoblog.com/2018/02/05/jd-power-mystery-chinese-purchase/
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