Yong Chao Venture Capital to acquire a stake in Qinyuan Group from Unilever.

Yong Chao Venture Capital, a venture capital firm, agreed to acquire a stake in Qinyuan Group, a Chinese company that specializes in water purification solutions from Unilever, a consumer goods company. Financial terms were not disclosed. “This transaction is another step on our journey to evolve our portfolio towards higher-growth spaces, in line with our Growth Action Plan. Qinyuan provides essential water purification solutions to millions of loyal customers in China, and Yong Chao Venture Capital Co., Ltd., with its deep knowledge of the brand and the Chinese market, is ideally placed to grow the brand further,” Eduardo Campanella, President Unilever Home Care.