China

Currently we have begun growing our presence in China through our office in Hong Kong. Our success in China relies on our ability to develop and secure a stream of quality deals and discover talent. Our main approach to address this challenge is through:

Partnerships with well established incubators
Partnerships with top university entrepreneurship and engineering programs

We are keeping a pulse on the Chinese tech industry developments through partnerships with technology and business incubators. This allows us to monitor promising startups which we feel will likely accelerate into growth companies.

These technology incubators include:

Changchun Hi-tech Incubator
Daqing Hi-tech Incubator
Ha’erbin Hi-tech Incubator, Innovation Centre Building
Ha’erbin Economic Development Zone Hi-tech Incubator
Shanghai Caohejing Hi-tech Park Innovation Center
Shanghai Yangpu Hi-tech Incubator
Shanghai Golden Bridge Hi-tech Incubator
Shanghai Withub Hi-tech Business Incubator

The business incubators include:

Tsinghua Software Incubator
Beijing Institute of Technology Hi-Tech Incubator
Tianjin Women's Business Incubator
National Internet Business Incubator
Beijing Jinghai Hi-tech Business Incubator Co., Ltd

Partnerships with universities

Our global strategy is to locate quality young companies and to expand our network of resources available to our portfolio companies in the process. We believe that utilizing our connections with the entrepreneurship and engineering programs at Tsinghua University and Peking University will help fulfill these goals. We hope to nurture a long-term relationship with these premiere programs, and gain an advantage in securing future deals and a pool of talented engineers to use as a resource for future recruitment purposes.

Target Sectors:

We are most intrigued by the large growth expected in the following sectors within the Chinese TMT space:

eCommerce

Total spending 2010: $680 billion
Projected total 2015: $705 billion

Online advertising

Total spending 2010: $3.7 billion
Projected total 2014: $9.5 billion

Social gaming

Total spending 2010: $63 million
Projected total 2013: $454 million

Enterprise application software

Total spending 2010: $2.3 billion
Projected total 2015: $4.8 billion