Hillhouse Capital Management (Hillhouse) recently disclosed a stake in Hong Kong-listed China Tower Corporation Limited (China Tower). According to a filing submitted to the Hong Kong Stock Exchange on August 13th, 2018, Hillhouse bought 2,522,704,000 shares on the exchange at an average price of HKD 1.2601 per share on August 8th (the total consideration was ~US$400m). As a result of the purchase, Hillhouse now has a 5.85% stake in China Tower. You can read more here.

China Tower is the world’s largest operator of telecommunications towers. The company was formed by merging the operations of state-owned China Mobile, China Unicom and China Telecom in 2014. More information is available on the company’s website.

Hillhouse is a leading investment management firm. They invest with a long-term time horizon and employ a fundamental, bottom-up approach. They focus on the consumer, TMT, industrials and healthcare sectors and invest in companies across all equity stages. The firm was founded by Lei Zhang in 2005 with backing from the Yale Endowment.