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China Healthcare Investor Forum 2017

中文版请点击这里 The China Healthcare Investor Forum 2017, hosted by China Money Network, will feature the nation's brightest and most successful healthcare investors discussing key opportunities and challenges in one of the world's hottest investment sectors. Register now to join leading deal makers from KPCB, CDH Investments, C-Bridge Capital, Lilly Asia Ventures and OrbiMed for an intimate and informative panel discussion and open Q&A. Then network with other attendees from top Chinese investment firms and healthcare company executives. Limited seats available. Click Here For Payment Methods In Mainland China EVENT DETAILS: Date: Sep 19, 2017 Time: 16:30-18:30pm Location:50/F, Shanghai World Financial Center, 100 Century Avenue, Pudong, Shanghai Language: English Healthcare has without doubt been one of the hottest investment sectors in China over the past decade. From 2010 to 2016, venture capital and private equity investment deal volume and total deal value grew 33.7% and 89% annually on average, respectively. With China being the world's most populous nation, the addressable market is gigantic. The country's healthcare industry is expected to reach RMB16 trillion (US$2.3 trillion) in size by 2030. From healthcare services, to medical equipment and pharmaceuticals, there is a wide gap between supply and demand for high quality products and …

Chinese MiniKTV Start-Up Raises $15M From Matrix, GSR

Chinese start-ups continue to redefine investor imagination and break new venture fundraising records. Xingtang miniKTV, a three-month-old company operating self-serving karaoke boxes in Chinese cities, has raised US$15 million from investors including Matrix Partners China, Vertex Ventures China, GSR Ventures and DCM.

Venture-Backed BGI Genomics Completes $250M IPO On Shenzhen ChiNext

Chinese gene sequencing giant BGI Genomics Co., Ltd. today completed an initial public offering on the ChiNext board in Shenzhen, raising around RMB1.7 billion (US$250 million). The successful IPO comes after the company previously failed to list in the U.S. and Hong Kong, as well as an unsuccessful bit to achieve an A-share float via a reverse merger.

Why Hong Kong's Government-Led Innovation Drive Is Failing

Entrepreneur Jeff Wang planned to start his company in Hong Kong in 2015, after obtaining a Ph.D. degree in mathematics from a prominent university in the U.K. The data expert wanted to use an analysis method called Topological Data Analysis, his Ph.D research topic, to help enterprises better analysis their data by visualizing it.

China's Bike Rental Firms Mobike, ofo Are Raising Nearly $1 Billion In Fresh Funding

As city streets in China become a theater for the current venture capital-fueled bike rental start-up frenzy, the two biggest bike rental companies in the country, Shanghai-based Mobike and Beijing-based ofo, are both raising massive new financing rounds totaling nearly US$1 billion. Mobike is raising a new round worth several hundred million U.S. dollars, which would be its series E round 14 months after its official launch. The round would value the young start-up at as much as US$3 billion. While at the same time, ofo is looking to raise a maximum of US$500 million at US$3 billion in valuation, according to Chinese media reports citing insiders. Both Mobike and ofo did not immediately respond to inquiries from China Money Network to comment on the reports. "The company is growing rapidly, and investment risks have actually been lowered because of its expanding scale," said Julian Cheng, managing director and co-head of China at Warburg Pincus, which is a major investors in Mobike, told Chinese media in a recent interview. Cheng said that Chinese bike rental companies are addressing a massive market, which could be as many as 80 million bicycles on the streets if taking China's public bicycle totals as …

Pantheon's Jie Gong Says Chinese Growth-Capital Funds Are Soul-Searching

In this episode of China Money Podcast, guest Jie Gong, a partner at Pantheon’s Asia Investment Team, spoke to our host Nina Xiang. Gong discussed new and important trends she sees in China's private equity and venture capital space, and what the fund-of-funds manager looks for when considering backing funds in China.

Banyan Capital Raises $725M Across Two New Funds

China-focused venture capital firm Banyan Capital has raised over RMB5 billion (US$725 million) across two new funds, bringing the three-year-old firm's total assets-under-management to around RMB11 billion (US$1.6 billion). The two new funds, including Banyan's third U.S. dollar fund with US$350 million in assets and one RMB-denominated growth fund, will continue firm's strategy of investing in early and growth-stage projects in the artificial intelligence, Internet, enterprise services, consumer upgrade and entertainment sectors. The firm also raised a US$50 million side fund with capital from its own management team and entrepreneur friends. Founded by three former IDG Capital executives, Zhang Zhen, Gao Xiang and Yue Bin, Banyan Capital said in an announcement today that the U.S. dollar fund completed fundraising in just over one month from limited partners, including university endowments, family offices and pension funds in the U.S. and globally. It's RMB fund secured commitments from Chinese Internet companies, state-owned enterprises, and financial institutions in China. Founders of several Chinese Internet giants, including Tencent, Baidu, Xiaomi, JD.com and Meituan-Dianping have also committed to Banyan's funds. Banyan Capital has invested in various start-ups, such as maternal and infant product e-commerce platform Beibei.com, third-party social media-based e-commerce firm Pinduoduo, crowd-sourcing express service …

Sequoia Capital's Liu Xing Discusses AI Investments In China

Liu Xing (pictured), a partner at Sequoia Capital China, spoke to China Money Network's Nina Xiang earlier this week in Beijing on investing in artificial intelligence start-ups in China. Liu joined the venture firm in 2007, and specializes on seed, early and growth-stage companies in the consumer and TMT sectors. Watch the video interview and read a Q&A below: Q: How would you assess artificial intelligence investments in China right now? A: I think the whole AI sector (in China) is still in a nascent development stage. More and more good founders with strong backgrounds are excited about the prospective of applying AI technologies in different applications. But it’s still early, and many of them are just exploring opportunities. Q: What are the technologies that you look for specifically? A: All of the technologies including autonomous driving, healthcare and more. At this point, everyone is exploring what are the areas they can apply their technologies to. Autonomous driving, certainly, has huge market potential, and it will change the world. Medical application is absolutely a main focus, especially in China, because there are always difficulties in getting enough good doctors (to treat patients). If you can develop a solution which can …

Didi Ponders SoftBank-Led $6B Investment As China's Ride Share Giant Suffers Volume Declines

China's Uber equivalent Didi Chuxing is considering whether to take a US$6 billion investment backed by SoftBank Group Corp. – which could be the largest private fundraising for an Internet company anywhere, anytime – as the Chinese ride sharing giant suffers volume declines after regulations were rolled out across the country.

JD Finance Is Raising New Funding At RMB50B Valuation

Chinese e-commerce giant JD.com Inc.'s financial services spin-out, JD Finance, is currently in the market raising fresh capital at a RMB50 billion valuation, a person with immediate knowledge of the matter told China Money Network.