Emerging markets

Funding for China's private equity market falls by a third

Private capital investment in China slowed markedly in the first half of the year, data from the Emerging Market Private Equity Association released Tuesday showed.

By the numbers: Capital invested in China's private markets fell from $15.1 billion in the first half of 2018 to $9.8 billion through June 2019, with deal count across all transaction types in the country declining from 582 to 322 over the same period.

The smallest IPO with the biggest impact

Coconuts up in a tree of money.
Illustration: Sarah Grillo/Axios

We've all pulled out folding chairs to watch the post-Labor Day IPO parade. In particular, the floats from high-fliers like WeWork, Peloton, Cloudflare, DataDog, and SmileDirectClub.

Yes, but: Perhaps the most interesting IPO will take place 4,400 miles south of New York, in the tiny South American country of Guyana. The issuer is Pomeroon Trading, an upstart coconut and spice farm co-founded by a Stanford Business School graduate named Duncan Turnbull.