Jinsha River venture capital fund will raise $5 billion acquisition of overseas technology

According to the Wall Street Journal reported that China venture capital company Jinsha River venture capital (GSR Ventures) will build $5 billion fund to acquire overseas assets. Funds for the acquisition of global technology, the Internet, biotechnology, the Chinese market is critical for the growth of these areas.

China's science and technology entrepreneurs in 2004 to create a Jinsha River venture capital. In March this year, the Jinsha River venture capital and Us Venture Capital Firm OakInvestment Partners combined with CIC, Nanchang industrial holding group consortium acquired the Holland Royal PHILPS company (PhilipsNV)'s lighting components and automotive lighting business 80% of the shares, the transaction value of $3 billion 300 million. The deal makes Jinsha River venture investment in overseas reputation.

Under the encouragement of Chinese policy makers, Chinese companies have to cross the door to acquire Chinese imports of technology, which is the background of Jinsha River venture capital financing of $5 billion. For many of these imported technologies, such as semiconductors and advanced automation technology, China is the largest consumer market for its end products (such as smartphones and cars).

This month purple Group Limited (TsinghuaUnigroup) proposed $23 billion acquisition of chip maker Micron Technology Inc. (MicronTechnology Inc.), which is currently the most ambitious effort of overseas acquisition technology. However, the U.S. government may review the transaction, violet group is still facing difficulties in aspects of negotiation.

At the same time, enterprises are also constantly looking for Europe and the United States can help them develop Chinese business partners; they China in sales for China frustrated, the government supports the local enterprises through government procurement, and encourage the purchase of foreign equipment. China urgently needs to build its own leading companies in a number of areas of science and technology, because the United States government has been traced to collect data and other information at home and abroad, and sometimes even the use of u.s..

As a result, many U.S. companies and Chinese partners to engage in business and technology sharing, hoping to maintain their sales in the Chinese market. For example, Hewlett-Packard Co (Hewlett-PackardCo., HPQ) in May will be the Chinese network equipment business Hangzhou three China Communication Technology Co Ltd (H3CTechnologies Co.) 51% of the shares sold to purple Group Limited (TsinghuaUnigroup). HP hopes that the sale of a majority stake in China's three communications can be regarded as a domestic enterprise in china.

The $5 billion fund set up by Jinsha River ventures is an attractive partner in such deals, as it is experienced in leading domestic technology projects in china. Companies are generally more willing to cooperate with Private Equity Investment Firm or venture capitalists because they are more experienced and more adept at financial management than most Chinese companies.

Jinsha River venture capital to invest in some of the most popular Chinese start-ups and famous, investment companies, including the name of the car company Ele.me (DidiKuaidi Joint Co.) and takeaway food companies hungry?. The company is currently the market value of $15 billion per cent of the company's early investors. Jinsha River venture currently manages more than $1 billion in assets, and the use of industrial chain investment investment including the global silicon substrate LED technology leader latticepower, 8 LED companies, including Boston Power, the new energy automotive company etc.. Jinsha River venture has offices in Beijing, Hongkong and Silicon Valley.

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