Oriza Holdings Explained

Suzhou Oriza Holdings Corporation
Native Name:蘇州元禾控股股份有限公司
Former Name:China-Singapore Suzhou Industrial Park Ventures
Suzhou Venture Group
Type:State-owned enterprise
Industry:Investment management
Location:Suzhou, Jiangsu, China
Key People:Liu Chengwei (Chairman)
Products:Venture Capital
Private equity
Private credit
Fund of funds
Aum:US$14 billion
Owner:Suzhou Industrial Park Administration Committee
Parent:Suzhou Industrial Park Economic Development Co., Ltd (59.98%)
Footnotes:[1] [2] [3]

Oriza Holdings (Oriza) is a Chinese investment firm founded in 2001. The firm is the investment arm of Suzhou Industrial Park. It provides equity and debt financing and seeks to invest in companies based in the technology, healthcare and materials sector. It also has a fund of funds strategy that invests in other venture capital and private equity funds.

Background

Oriza traces its roots back to 1994 when Singapore and China established the Suzhou Industrial Park which is also known as the China–Singapore Suzhou Industrial Park.[4]

On 28 November 2001, China-Singapore Suzhou Industrial Park Ventures (CSVC) was founded as an investment firm that could funnel capital to the technology startup companies at the park.[5] [6]

On 28 September 2007, the firm underwent restructuring and the entity known as Suzhou Venture Group (SVG) was formed.[7] [8]

In November 2012, the firm was renamed to Oriza Holdings.[9]

In 2015, the firm set up Oriza Ventures, a Silicon Valley unit that invests in American startup companies.[10] [11]

Although the firm is state-owned it claims that it takes on an entirely market-oriented approach in identifying its investment targets. While it maintains good relationships with local governments, it will refuse to invest in projects which could jeopardize the firm's reputation.

Notable deals

In 2004, the firm partnered with the Infinity Group to establish a joint Israel-China fund of US$15 million known as the Infinity-CSVC China Fund.[12]

In 2008, the firm launched a second joint Israel-China fund of US$300 million known as the Infinity-I China fund.[13]

In December 2010, the firm partnered with China Development Bank to launch Guochuang Fund of Funds, a US$9 billion state-backed fund of funds to support China's venture capital and private equity firms.[14] [15]

In 2013, a consortium that included, Oriza, CITIC Capital and China Merchants Group acquired a 24.5% stake in SF Express for 8 billion RMB.[16] After SF express went had a large initial public offering in 2017, it was estimated that Oriza could have obtained a 10 times gain.[17]

In November 2015, Oriza, Tencent and Alibaba Group contributed US1.6 billion to CMC Holdings, an investment platform launched by Li Ruigang and his firm China Media Capital.[18] In December 2015, CMC holdings would acquire a 13% stake in City Football Group, the owner of Manchester City F.C. for US$400 million giving Oriza a stake of the club.[19]

In October 2020, Oriza and CDH Investments purchased US$219 million worth of CSI Solar shares from its parent, Canadian Solar so CSI Solar could qualify for a planned carve out initial public offering in China.[20]

In 2022, it was reported that the China Integrated Circuit Industry Investment Fund known as the "Big Fund" had invested into Oriza.[21] [22] The fund was under investigation for suspected corruption and bribery.

Notes and References

  1. Web site: Oriza Holdings Investor Profile: Portfolio & Exits PitchBook . pitchbook.com . en . 31 March 2023 . 30 March 2023 . https://web.archive.org/web/20230330142211/https://pitchbook.com/profiles/investor/14158-99 . live .
  2. Web site: Rich pickings . Week in China . 17 March 2017 . 31 March 2023 . 30 March 2023 . https://web.archive.org/web/20230330142211/https://www.weekinchina.com/2017/03/rich-pickings-4/ . live .
  3. Web site: SUBSTANTIAL SHAREHOLDERS . HKEX . 31 March 2023 . 31 March 2023 . https://web.archive.org/web/20230331121716/https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0208/9618041/sehk21011700084.pdf . live .
  4. Web site: Migration . 25 October 2014 . Suzhou Industrial Park: 10 things to know about the China-Singapore project The Straits Times . 31 March 2023 . www.straitstimes.com . en . 2 September 2021 . https://web.archive.org/web/20210902175652/https://www.straitstimes.com/asia/east-asia/suzhou-industrial-park-10-things-to-know-about-the-china-singapore-project . live .
  5. Web site: Suzhou Venture Group Celebrates 10th Anniversary_Top stories . 31 March 2023 . www.sipac.gov.cn . 31 March 2023 . https://web.archive.org/web/20230331123150/http://www.sipac.gov.cn/szgyyqenglish/hotpicture/201112/8211748c3644470d954796f54509ed2e.shtml . live .
  6. Web site: 14 February 2009 . An Overview of SIP Technological Development . 31 March 2023 . www.sipac.gov.cn . 31 March 2023 . https://web.archive.org/web/20230331124337/http://www.sipac.gov.cn/english/2009y/200902/t20090214_37494.htm . live .
  7. Web site: Weinstock . Suzanne . 5 January 2013 . Infinity invests $20m in gaming company for Chinese expansion . 31 March 2023 . Private Equity International . en-GB . 31 March 2023 . https://web.archive.org/web/20230331131634/https://www.privateequityinternational.com/infinity-invests-20m-in-gaming-company-for-chinese-expansion/ . live .
  8. Web site: Government Approves a RMB500 Million Investment from Suzhou Ventures Group into Digital China IT Services - PR Newswire APAC . 31 March 2023 . en.prnasia.com . en-us.
  9. Web site: Oriza Holdings Holds Inauguration Ceremony_Suzhou Industrial Park . 31 March 2023 . www.sipac.gov.cn . 31 March 2023 . https://web.archive.org/web/20230331130912/http://www.sipac.gov.cn/szgyyqenglish/year2015/201511/fa060ad6fb03454d9a6405e0dd2bf77a.shtml . live .
  10. Web site: Oriza Holdings rises to prominence with overseas projects_Suzhou Industrial Park . 31 March 2023 . www.sipac.gov.cn . 31 March 2023 . https://web.archive.org/web/20230331134208/http://www.sipac.gov.cn/szgyyqenglish/year2017/201702/3ccb920a1c0f48a697f844c26c7b392c.shtml . live .
  11. News: 29 June 2018 . RPT-INSIGHT-China's penetration of Silicon Valley creates risks for startups . en . Reuters . 31 March 2023 . 31 March 2023 . https://web.archive.org/web/20230331134148/https://www.reuters.com/article/usa-china-techinvesting-idINL4N1TV1ME . live .
  12. Web site: EETimes . 14 January 2008 . Israeli-Chinese VC fund edges closer to $350 million . 31 March 2023 . EE Times . 31 March 2023 . https://web.archive.org/web/20230331131644/https://www.eetimes.com/israeli-chinese-vc-fund-edges-closer-to-350-million/ . live .
  13. News: 9 March 2010 . Israel's Infinity launches six China yuan funds . en . Reuters . 31 March 2023 . 31 March 2023 . https://web.archive.org/web/20230331131634/https://www.reuters.com/article/israel-china-funds-idUSLDE6280UN20100309 . live .
  14. News: 20 April 2012 . China's CDB Capital Raises $1.4 Billion for Private Equity Fund . en . Bloomberg.com . 31 March 2023.
  15. News: 20 December 2010 . CDB Capital to launch $9 bln PE, venture capital fund . en . Reuters . 31 March 2023 . 31 March 2023 . https://web.archive.org/web/20230331132948/https://www.reuters.com/article/china-fund-idUSTOE6BJ02Z20101220 . live .
  16. Web site: Tudor-Ackroyd . Alison . Chinese consortium buys S.F. Express stake citic capital . 31 March 2023 . FinanceAsia . 31 March 2023 . https://web.archive.org/web/20230331140617/https://www.financeasia.com/article/chinese-consortium-buys-s-f-express-stake/353997 . live .
  17. Web site: SF Express Delivers Turbocharged IPO - Caixin Global . 31 March 2023 . www.caixinglobal.com . en . 31 March 2023 . https://web.archive.org/web/20230331141134/https://www.caixinglobal.com/2017-02-24/sf-express-delivers-turbocharged-ipo-101059042.html . live .
  18. Web site: Liu . Winnie . 2 November 2015 . Oriza, Tencent, Alibaba join CMC investment platform AVCJ . 31 March 2023 . AVCJ . en . 31 March 2023 . https://web.archive.org/web/20230331135653/https://www.avcj.com/avcj/news/51740/oriza-tencent-alibaba-join-cmc-investment-platform . live .
  19. News: Jackson . Jamie . 1 December 2015 . Manchester City owners announce £265m deal with Chinese investors . en-GB . The Guardian . 31 March 2023 . 0261-3077 . 31 March 2023 . https://web.archive.org/web/20230331140602/https://www.theguardian.com/football/2015/dec/01/manchester-city-265m-deal-chinese-investment-group . live .
  20. Web site: China's CDH, Oriza back carve-out IPO of Canadian Solar's subsidiary . 31 March 2023 . DealStreetAsia . en . 31 March 2023 . https://web.archive.org/web/20230331144023/https://www.dealstreetasia.com/stories/cdh-oriza-canadian-solar-210164 . live .
  21. Web site: Global . Caixin . 12 August 2022 . Five things to know about China's scandal-struck chip industry 'Big Fund' . 1 April 2023 . ThinkChina - Big reads, Opinion & Columns on China . en . 1 April 2023 . https://web.archive.org/web/20230401023704/https://www.thinkchina.sg/five-things-know-about-chinas-scandal-struck-chip-industry-big-fund . live .
  22. Web site: Auto . Hermes . 8 August 2022 . Graft scandal casts long shadow over China's chipmaking ambitions The Straits Times . 1 April 2023 . www.straitstimes.com . en . 1 April 2023 . https://web.archive.org/web/20230401025200/https://www.straitstimes.com/asia/east-asia/graft-scandal-casts-long-shadow-over-chinas-chipmaking-ambitions . live .

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