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Shanghai Venture Capital Co.

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Shanghai Venture Capital Company
上海创业投资有限公司
Company typeState-owned enterprise
IndustryVenture Capital, Private Equity
Founded1999
Headquarters,
Key people
Wang Pingao, President
Number of employees
100
Websitewww.shvc.com.cn

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 government.[1]

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]

  • Clean energy
  • Energy-efficient technologies
  • Biomedical technologies
  • New materials
  • Information technologies

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]

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.