Investment firm KKR has expanded its footprint in China by launching a new office in Shanghai.

The new office will be the company’s third location in Greater China and eighth location in Asia Pacific. It has offices in Beijing, Hong Kong, Mumbai, Seoul, Singapore, Sydney, and Tokyo.

Commenting on the new move, KKR co-president and co-COO Joe Bae said: “The addition of a Shanghai office — which complements our existing offices in Beijing and Hong Kong — better enables us to fulfill that goal in Greater China and underscores the importance we place on the Chinese market. Our on-the-ground presence in Shanghai also strengthens our ability to deliver deep, local expertise to Chinese companies.

KKR called China “a core focus” within its Asia Pacific strategy and said that it made 26 investments in various asset classes in China as at 1 August 2017 by collaborating with local firms.

KKR member and head of Greater China Paul Yang added: “Now with three offices located in Greater China’s major business hubs, we are even better positioned to help businesses and entrepreneurs reach their full potential and compete in global markets.”

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