Inscrutable China's capital is in this acquisition, which makes car market in China change around consumer's evaluation just like this company. China's capital which is underrated all the time turns the tide, acquiring famous J.D. Power.
On April 15, 2016, XIO Group acquire J.D. Power from McGraw-Hill Financial, Inc for a purchase price of .1 billion (about 7.119 billion yuan).
With a seasoned international investment team that includes professionals with experience working at many of the world's leading private equity firms, XIO Group seeks to deploy over billion of committed capital. The full name is XiO Partners HK Limited. Company registration number is 2121323. XIO was formally established on July 16, 2014, belonging to private company limited by shares.
Headquartered in London, XIO Group has operations in Hong Kong and Shanghai with a strong Chinese background. Mass medias describe Chinese background which is mentioned many times as mystery.