GGV Capital borrow industry integration to catch the Gem Express

GGV borrow industry integration to catch the Gem Express Mu Yifan New Venture Board this exit channel, foreign investment of course also very much look forward to.　　Look forward to, this does not change the foreign investment in the gem to declare almost "collective absence" sad fact.　　But for the first day to declare successful Guangdong Guan Hao biotech company is not the case, the company's investors are Silicon Valley famous VC GGV (GGV Capital). GGV did not raise its own renminbi fund, Crown Hao application for gem listing is not "overseas structure Company" return, the gem has not yet opened, GGV to grasp the gem to the local creation of the shuffle to bring the opportunity to become a handful of a few are expected to achieve through the gem to exit the foreign investment venture,　　And in the future there will be 3 to 4 projects through the listing in the domestic exit. In March 2008, GGV announced the merger of the local venture capital (SIG) and the latter's renminbi fund star (Venture star), who had just completed the third phase of the US dollar Fund raise. To absorb the founder of the Zhuo Capital, the original chairman of the real holding, and so on into the new team, and the Chinese name from the original "Atlas Hui"　　To "Ji source", implying the opening of foreign PE yuan investment in the new "era." Crown Hao is a science star 2000 investment in a renewable medical enterprise, has completed the joint-stock reform in June 2008.　　GGV management partner Jenny told CBN Reporter, GGV originally is the thought Lattice Capital's limited partner (LP), now thinks the lattice capital becomes the GGV the related fund, by the Curve way, bypasses the pure foreign capital investment cannot establish the renminbi fund the restriction. There is a deeper consideration behind this. For the gem, it is difficult for foreign investors to have the core strengths of local ventures in the short term: contacts, channels, familiarity with domestic listing procedures, experience with regulatory review agencies, and so on.　　GGV Management partner Jixun told CBN Reporter, combining the localization advantage of the thinking capital and the RMB fund qualification, GGV can break through the foreign investment "two outside" mode, cultivate more Chinese local enterprises and exit in the Chinese market, including the gem market. At the end of 2008, the localization of GGV once again made everyone more and more impressed. Zhuo "persuaded" 20 years old friends, the domestic dairy industry's third bright group, the original chairman Jiafen joined the GGV team.　　At that time, the competition in the domestic consumer goods industry began to white-hot, with the government background of the local venture even if there is access to jiafen such level of entrepreneurs, but it may not be able to persuade entrepreneurs to "switch" to do venture capital. What can Jiafen bring to GGV? Zhuo said: "The experience of entrepreneurs is the wealth of society, from the CEO of a listed company to help more companies listed-venture capital is to use the ultimate cause of human resources." "He told CBN reporter, Strong jiafen has quickly adapted to the new role, but the case of concrete operation is not convenient to disclose to the outside world."