Shanghai Venture Capital Co.

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Shanghai Venture Capital Company
上海创业投资有限公司
Company type State-owned enterprise
Industry Venture Capital, Private Equity
Founded1999
Headquarters,
Key people
Wang Pingao, President
Owner Shanghai Municipal People's Government
Number of employees
100

Shanghai Venture Capital Company ("SHVC") is one of China's largest state-owned venture capital/private equity firm. It is owned by the Shanghai Municipal People's Government. [1]

Contents

Established in 1999, Shanghai Venture Capital Co. has been a dominant state-owned venture capital/private equity firm in China. SHVC was initially established with RMB¥ 600 million registered capital from the Shanghai municipal government. [2]

Investments

As of 2013, Shanghai Venture Capital Co. has invested a total of RMB¥ 2.4 billion in over 160 private companies, [3] and had 7 IPOs.[ citation needed ] SHVC currently has over 100 employees and more than 30% has international experience.[ citation needed ] SHVC currently has RMB¥ 10 billion under management.[ citation needed ]

Shanghai Venture Capital Co. specializes in early stage and growth stage investments in the following areas:[ citation needed ]

Shareholders and Partners

SHVC's main shareholders include National Development and Reform Commission(NDRC), State-owned Assets Supervision and Administration Commission(SASAC), Chinese Academy of Sciences(CAS) etc.[ citation needed ]

SHVC has developed long-term alliance with Temasek Holdings, Tsinghua Venture Capitals, Shanghai International Trust Co., Fudan University, Shanghai Jiao Tong University Industry Group, and many other strategic partners.[ citation needed ]

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References

  1. Cadell, Cate (February 1, 2022). "Drone company DJI obscured ties to Chinese state funding, documents show". The Washington Post . ISSN   0190-8286 . Retrieved 2022-10-10.
  2. "Shanghai Venture Capital Company CO., LTD". Shvc.com.cn. 1999-08-09. Retrieved 2014-07-22.
  3. "上海创投 - 私募股权公司 - 私募排排网". Simuwang.com. Retrieved 2014-07-22.