Yep.
I am seeing Bain already has partners in Shanghai.
Bain & Co. has:
Bain & Company China, Inc.
Shanghai 31F, 2 Plaza 66 No. 1366 West Nanjing Road Jing’An District, Shanghai 200040
tel: 86-21-2211-5588 fax: 86-21-2211-5500
And Bain Capital has:
Bain Capital Asia, LLC - Shanghai Office 2306 Jin Mao Tower 88 Century Boulevard Shanghai 200121 China Main: 86 (21) 6163 - 2000 Fax: 86 (21) 6163 - 2088
And also in Hong Kong.