Shenzhen Capital Group Explained

Shenzhen Capital Group Co., Ltd
Native Name:深圳市创新投资集团有限公司
Type:State-owned enterprise
Industry:Venture Capital
Foundation:1999
Location:Shenzhen, China
Key People:Ni Zewang (Chairman)
Zuo Ding (President)
Products:Investments
Aum:US$65 billion (2023)[1]
Homepage:www.szvc.com.cn

Shenzhen Capital Group Co., Ltd (SCGC;) 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

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. Most of its investments are in Chinese companies. More than 200 companies in its portfolio have gone public.[7]

Notable investments

External links

Notes and References

  1. Web site: 关于我们 . SZVC.
  2. Web site: July 2020 . China Internet Report . 25 June 2023 . en . https://web.archive.org/web/20230209141150/http://www.invest-data.com/eWebEditor/uploadfile/2020073009440911236297.pdf . 9 February 2023 . 10 . Number of Investments in China (Jan 2019May 2020).
  3. Web site: 9 December 2021 . Chinese VC warns of overvalued metaverse, semiconductor industries . 23 June 2022 . South China Morning Post . en.
  4. Web site: 3 December 2007 . Venture capital firms set to reap dividends . 20 January 2023 . South China Morning Post . en.
  5. News: 15 October 2022 . China's EV Startups Defy Funding Slump With $6 Billion of Deals . en . Bloomberg.com . 20 January 2023.
  6. Web site: Giving VC biz the Chinese touch - Business - Chinadaily.com.cn . 21 January 2023 . www.chinadaily.com.cn.
  7. Web site: SCGC, A Leading Venture Capital Firm, with Its 200th Successful IPO, Has Set a New Record in China . 21 January 2023 . finance.yahoo.com . en-US.
  8. Web site: 23 January 2019. "At a Critical Juncture," Desktop Metal Gets $160M From Koch Fund. 23 January 2021. Xconomy. en.
  9. Web site: It's US vs. China in race to build chip technology of tomorrow . finance.yahoo.com.
  10. Web site: Fried. Rona. 15 October 2008. JinkoSolar Raises $35M. 23 January 2021. Sustainable Business. en-US.
  11. Web site: Choo. Yvette. 5 January 2013. Chinese solar company receives $35m. 23 January 2021. Private Equity International. en-GB.
  12. Web site: Guest. Forbes. Genomic Dreams Coming True In China. 23 January 2021. Forbes. en.
  13. Web site: NetDragon WebSoft company information, funding & investors. 23 January 2021. ecosystem.lafrenchtech.com. en.
  14. Web site: Xiami Story: An Ideal Online Music Model Doesn't Work for Now · TechNode . TechNode . 13 January 2013.
  15. Web site: 3D-printing startup Formlabs raises $30M from Chinese backers. 23 January 2021. www.bizjournals.com.
  16. Web site: Ravet. Hagar. 1 August 2018. 3D Printer Company Formlabs Raises $15 Million with a $1 Billion Valuation. 23 January 2021. CTECH - www.calcalistech.com.
  17. Web site: China's Makeblock raises $44m for robot-building kits for kids. 23 January 2021. Nikkei Asia. en-GB.
  18. Web site: Team. Investment Research. 22 September 2014. Le Vision Pictures Raises $55.4M In Series B Financing. 23 January 2021. China Money Network. en-US.

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