Shenzhen Capital Group

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Shenzhen Capital Group Co., Ltd
Native name
深圳市创新投资集团有限公司
Company typeState-owned enterprise
IndustryVenture Capital
Founded1999
HeadquartersShenzhen, China
Key people
Ni Zewang (Chairman)
Zuo Ding (President)
ProductsInvestments
AUMUS$65 billion (2023)[1]
Websitewww.szvc.com.cn

Shenzhen Capital Group Co., Ltd (SCGC; Chinese: 深圳市创新投资集团有限公司; pinyin: Shēnzhènshì chuàngxīn tóuzī jítuán yǒuxiàn gōngsī) is a state-owned venture capital company based in Shenzhen, China. It is affiliated with the Shenzhen Government and its investments cover industries supported by national policies. According to South China Morning Post, from January 2019 to May 2020, it was the second most active venture capital firm in China.[2]

Background

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SCGC was established by the Shenzhen Government in 1999.[3][4][5][6] The firm is considered one of China's most active investors in hard technology.[3][4][6] Most of its investments are in Chinese companies.[3][4][6] More than 200 companies in its portfolio have gone public.[3][7]

Notable investments

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References

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  1. ^ "关于我们". SZVC.
  2. ^ "China Internet Report" (PDF). July 2020. p. 10. Archived from the original (PDF) on 9 February 2023. Retrieved 25 June 2023. Number of Investments in China (Jan 2019–May 2020)
  3. ^ a b c d "Chinese VC warns of overvalued metaverse, semiconductor industries". South China Morning Post. 9 December 2021. Retrieved 23 June 2022.
  4. ^ a b c "Venture capital firms set to reap dividends". South China Morning Post. 3 December 2007. Retrieved 20 January 2023.
  5. ^ "China's EV Startups Defy Funding Slump With $6 Billion of Deals". Bloomberg.com. 15 October 2022. Retrieved 20 January 2023.
  6. ^ a b c "Giving VC biz the Chinese touch - Business - Chinadaily.com.cn". www.chinadaily.com.cn. Retrieved 21 January 2023.
  7. ^ "SCGC, A Leading Venture Capital Firm, with Its 200th Successful IPO, Has Set a New Record in China". finance.yahoo.com. Retrieved 21 January 2023.
  8. ^ ""At a Critical Juncture," Desktop Metal Gets $160M From Koch Fund". Xconomy. 23 January 2019. Retrieved 23 January 2021.
  9. ^ "It's US vs. China in race to build chip technology of tomorrow". finance.yahoo.com.
  10. ^ Fried, Rona (15 October 2008). "JinkoSolar Raises $35M". Sustainable Business. Retrieved 23 January 2021.
  11. ^ Choo, Yvette (5 January 2013). "Chinese solar company receives $35m". Private Equity International. Retrieved 23 January 2021.
  12. ^ Guest, Forbes. "Genomic Dreams Coming True In China". Forbes. Retrieved 23 January 2021.
  13. ^ "NetDragon WebSoft company information, funding & investors". ecosystem.lafrenchtech.com. Retrieved 23 January 2021.
  14. ^ "Xiami Story: An Ideal Online Music Model Doesn't Work for Now · TechNode". TechNode. 13 January 2013.
  15. ^ "3D-printing startup Formlabs raises $30M from Chinese backers". www.bizjournals.com. Retrieved 23 January 2021.
  16. ^ Ravet, Hagar (1 August 2018). "3D Printer Company Formlabs Raises $15 Million with a $1 Billion Valuation". CTECH - www.calcalistech.com. Retrieved 23 January 2021.
  17. ^ "China's Makeblock raises $44m for robot-building kits for kids". Nikkei Asia. Retrieved 23 January 2021.
  18. ^ Team, Investment Research (22 September 2014). "Le Vision Pictures Raises $55.4M In Series B Financing". China Money Network. Retrieved 23 January 2021.
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