Dai, ex-WSJ reporter, launches service covering private Chinese deals

Shasha Dai, a former senior reporter at The Wall Street Journal, has launched Dai1 Media LLC, a New York-based subscription news service focused on private equity, private credit, structured finance and special situation deals in China.

Its subscribers consist of leading U.S. private equity firms, distressed debt investors, family offices, institutional investors, other alternative asset managers and their advisors.

“My thesis is that there is a lack of dedicated source of news about private deals in China for U.S. investors despite the size of the Chinese market and the increasing amount of capital being raised for deals there,” said Dai in an email to Talking Biz News. “We try to be one source of info that helps fill in the gap.”

Dai most recently served as the New York bureau chief of CapitalStructure Ltd., a London-based subscription news service focused on leveraged finance and distressed debt.

Prior to that, she had covered private equity for about 12 years at Dow Jones and The Journal.

She also previously worked at Reuters Beijing bureau and at China’s state television as an on-air correspondent covering Chinese economy and financial markets.