ChinaVest Inc. 中国创业投资有限公司.docVIP

ChinaVest Inc. 中国创业投资有限公司Friday, September 05, 2003 Summary Started in 1980 by Robert Theleen and his wife Jenny Hsui as a finance advisory and investment service firm in Hong Kong, and in 1981 joined by Patrick Keen, Robert’s co-worker at the First Dallas Asia Limited which was the Hong Kong banking subsidiary of the First National Bank in Dallas. ChinaVest was founded as a private equity fund in 1983. Its management has 5 partners and one vice president (a Chinese nationality) in charge of China’s operation. Headquartered in San Francisco with branch offices in Beijing, Hong Kong, Shanghai, and Taipei. It is reported that they have US$ 300 million under management (with $100 cash holding). Their funding was from Ford Foundation, IBM Passion Funds, Bell Atlantic, John Hancock Insurance, University of California Regents, and ROC Taiwan Fund. Most deals they invested were between $2 million to $5 million for early-stage companies or $5 million to $15 million for more mature companies. The areas they have been interested are precision manufacturing, branded consumer services (such as franchise business), logistics and supply chain solutions including marketing and distribution, and telecom and information technology, as well as mass media as their new interested area. It is reported that they have invested in more than 55 companies. Three of them went to public in NASDAQ, which are AsiaInfo（Asia），Eon Communications（EONC）, a call center telecom hardware and software company, and Zindart（ZADT）, a manufacturer of plastic and die-cast collectibles. Two companies were acquired by other public traded companies, and two are Hong Kong Stock Exchange listed. Among them, the most successful one is AsiaInfo, an Internet systems integration services and telecom software developer, in which they invested US$ 7 million in 1997. The company went to public in NASDAQ on Mar. 3, 2000, and the share closed at $93, rose 287.5% over the IPO price that was $24 the first day. They invest