All posts tagged Venture Capital

New Financiers in Silicon Valley Eye China

 

Deng Feng, founding partner of Northern Light Venture Capital, confers with entrepreneurs working with InnoSpring. [Photo/China Daily]

A growing number of venture capitalists with roots in China are helping prepare Silicon Valley tech startups to enter the Chinese market with cash infusions and business-incubator services.

These financiers – Chinese-born entrepreneurs who studied or made their fortune in California‘s technology mecca or were backed by China‘s government or technology and science parks – are part of renewed VC interest in the region.

China‘s still-growing economy, the central government‘s thirst for technology and incentive programs such as the 1,000 Elite Program of subsidies of up to 1 million yuan ($157,000) each have combined to attract talent and companies across the Pacific.

Venture capitalists with a Chinese background invested in 28 US companies last year, double the number in 2009, according to data from Dow Jones & Co.

In Silicon Valley, Chinese venture capitalists have partnered with US counterparts to compete against established players in the area of tech startup incubation.

 

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by byu2012 on August 19, 2012  •  Permalink
Posted in Asia, Asian conferences, Business, China, Finance
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Posted by byu2012 on August 19, 2012

http://theasiancenturyreport.com/2012/08/19/new-financiers-in-silicon-valley-eye-china/

Malaysia IPO Market to Keep Edge Over Regional Rivals

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While several IPOs (initial public offerings) have been shelved in recent months in Asia’s financial hubs Hong Kong and Singapore, strategists say Malaysia, which has seen some successful listings this year, will maintain its edge given a strong pool of domestic investors and reasonably priced deals.

Malaysia was home to the world’s second biggest IPO in 2012 with homegrown palm oil firm Felda Global Ventures’ $3.3 billion listing last month. Asia’s largest hospital operator, which is backed by the Malaysian government,IHH Healthcare is planning to list its shares in Malaysia and Singapore on July 25 after successfully pricing a $2.1 billion IPO.

This will take the number of public listings in Malaysia to around 11 so far this year and means that Kuala Lumpur is running neck-and-neck with China’s Shenzhen as Asia’s top destination for IPOs.

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by Admin on July 23, 2012  •  Permalink
Posted in Asia, Business, Finance
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Posted by Admin on July 23, 2012

http://theasiancenturyreport.com/2012/07/23/malaysia-ipo-market-to-keep-edge-over-regional-rivals/

China’s Tight Job Market Defies Economic Downturn

ChinaFotoPress

Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about – China.

Despite six straight quarters of slowing growth, there are more job vacancies in China than there have been for around a decade, giving workers the unlikely luxury of job-hopping during a downturn.

“It’s not that I am not happy in my current job, but everyone has the freedom to look for better opportunities and bigger companies to work for,” said Hu, an urban planner browsing a weekend jobs fair in north Beijing.

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by Admin on July 23, 2012  •  Permalink
Posted in Business, Industry, Market
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Posted by Admin on July 23, 2012

http://theasiancenturyreport.com/2012/07/23/chinas-tight-job-market-defies-economic-downturn/

China’s CNOOC to Buy Canada’s Nexen for $15.1 Billion

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China has made its first tentative investment in Canada during 2005, when it purchased 16.7 percent share of the then-private oil sand developer MEG Energy with 120 million dollars. Today, reported by the Reutors, it is making a bigger move.

China’s top offshore oil producer CNOOC has agreed to buy Canada’s Nexen for about $15.1 billion in one of the most ambitious acquisitions by a Chinese company to date that may test Ottawa’s tolerance of foreign takeovers.

State-controlled CNOOC said it would pay $27.50 per common share, representing a 61 percent premium to Nexen’s closing price in New York on Friday.

“The aggregate value of the consideration of the proposed acquisition is approximately $15.1 billion (approximately HK$117.2 billion), and is to be payable in cash,” CNOOC said in a statement filed on the Hong Kong stock exchange.

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by Admin on July 23, 2012  •  Permalink
Posted in Asia, Business, Energy, Industry, Market
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Posted by Admin on July 23, 2012

http://theasiancenturyreport.com/2012/07/23/chinas-cnooc-to-buy-canadas-nexen-for-15-1-billion/

China Banks Fall as Rate Cut Spooks Investors

Investors sold Chinese bank shares on Friday after Thursday night’s surprise rate cut, which appears aimed at putting more money into the economy at the expense of lender profitability.

The People’s Bank of China on Thursday announced second rate cut in a month, dropping lending rates to 6% from 6.31% and giving them more room to price loans lower. The changes could squeeze the minimum spread between rates on loans and deposits to as little as about 1.2 percentage points from 1.5 percentage points.

UBS Securities analyst Li Yamin says the policy changes will likely have a limited impact on banks’ net interest margin and earnings. She notes less than 5% of outstanding loans are priced below the benchmark rates.

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by Admin on July 19, 2012  •  Permalink
Posted in Asia, Bank, Business, Finance, Industry
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Posted by Admin on July 19, 2012

http://theasiancenturyreport.com/2012/07/19/china-banks-fall-as-rate-cut-spooks-investors/

Hong Kong Developer Cartel Being Challenged: Barclays

Bloomberg News

The likes of Sino Land Co. Ltd., Henderson Land Development Co. Ltd. and Cheung Kong (Holdings) Ltd. could be seeing their elite status as property developers shaken up, according to Barclays.

The bank notes that there has been an uptick in deals in recent months by small and mid-cap property developers in Hong Kong, as well as increasing interest from mainland players, which it says is “unusual.”

Earlier this month, an entity backed by Chinese state-owned commodities trader Cofco Corp. bought a majority stake in Hong Kong Parkview Group Ltd. for HK$362 million. Hong Kong Parkview is the developer of high-end housing complex Parkview.

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by Admin on July 19, 2012  •  Permalink
Posted in Asia, Business, Finance, Industry, Market
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Posted by Admin on July 19, 2012

http://theasiancenturyreport.com/2012/07/19/hong-kong-developer-cartel-being-challenged-barclays/

China Offers $20 Billion in Loans to Africa

WSJ

China pledged billions in new aid to Africa and said its companies doing business there would act responsibly, as the country seeks smooth relations with the resource-rich continent despite emerging trade and social tensions.

China will offer $20 billion in loans to African countries to develop infrastructure, agriculture, manufacturing and small and midsize enterprises, Chinese President Hu Jintao said Thursday during a gathering of African leaders in Beijing. That figure is double what China committed in 2009.

Chinese officials also stressed deepening economic ties with Africa, a major source of China’s oil, metals and other commodities. Mr. Hu said trade between China and Africa doubled in the past six years and totaled $166.3 billion in 2011, while its direct investment there has reached $15 billion.

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by Admin on July 19, 2012  •  Permalink
Posted in Asia, Business, Energy
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Posted by Admin on July 19, 2012

http://theasiancenturyreport.com/2012/07/19/china-offers-20-billion-in-loans-to-africa/

Can Apple Launch in China Without Incident?

Last time the Apple released its new product, Iphone 4s, the distressed crowd threw eggs at the store for not being open on schedule. Wall Street Journal reported on the strategy that Apple will employ this time when it release the New Ipad.

The big question for the China launch of the new iPad on Friday isn’t whether it will sell well, but if the retailer can keep the police out of it.

When the iPhone 4S launched in January, hundreds of customers waited overnight outside the Apple store in Beijing’s tony Sanlitun shopping district. But when the surrounded store didn’t open as expected the next morning, at least one fan pelted the facade with eggs and by midmorning authorities had moved in to disperse the mass of expectant customers thronging the outside of the store. The incident led Apple to temporarily suspend sales of the iPhone 4S in the five retail stores it then had in China.

It has happened before. In May 2011, on the first of the sale of a white iPhone, shoppers scuffled with employees, and one of the same Sanlitun store’s windows ended up smashed.

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by Admin on July 19, 2012  •  Permalink
Posted in Asia, Business, Industry, Market
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Posted by Admin on July 19, 2012

http://theasiancenturyreport.com/2012/07/19/can-apple-launch-in-china-without-incident/

Global Economy: Crash or Gradual Slowdown?

Catherine Boyle of the CNBC have reported on the Global Economy.

The debate over whether the world’s economy is facing a dramatic crash has gained traction in recent weeks, as the euro zone debt crisis continued to dominate headlines and worries about other major economies like the U.S. and China grew.

Bearish forecasts from people like hedge fund manager Hugh Hendry and “The New Depression” author Richard Duncanhave grabbed attention. But there are still many who believe that the world is facing gradual change rather than the rapid tumble of a crash.

“This isn’t a crash in a conventional sense, but a structural down-move in global growth. It’s a new and lower trend,” Paul Donovan, deputy head of global economics at UBS Investment Bank, told CNBC’s “Squawk Box Europe” Wednesday. “We are going through one of the biggest structural changes that we have seen in the global economy since the 1971-73 process.”

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by Admin on July 18, 2012  •  Permalink
Posted in Asia, Bank, Business, Market, Stock
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Posted by Admin on July 18, 2012

http://theasiancenturyreport.com/2012/07/18/global-economy-crash-or-gradual-slowdown/

No New Measures Likely Even as China Home Prices Stabilize

CNBC.COM

China is unlikely to introduce fresh measures to cool the real estate market even as home prices snapped eight straight months of decline in June and amid fresh rhetoric from the country’s leader vowing to prevent a rebound in prices.

Instead, Chinese authorities would enforce existing rules more stringently, analysts say, such as discounted mortgages for first-time home buyers to make it easier for them to own property and restrictions on speculative purchases so that prices do not increase excessively. It is fine balance they have to strike, they added.

“I think they would continue with relaxation of first home purchase to see more transaction volumes and they would hope that developers would start to invest with the money they get from these home sales,” Ding Shuang, Senior China Economist at Citi Investment Research, said. “They want to encourage some investment so this increase can be taken as a good sign.”

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by Admin on July 18, 2012  •  Permalink
Posted in Asia, Bank, Business, Market
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Posted by Admin on July 18, 2012

http://theasiancenturyreport.com/2012/07/18/no-new-measures-likely-even-as-china-home-prices-stabilize/

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