Innovation Workshop Fund New Investor

Absrtact: June 3 News, Innovation Workplace control of the fund, there are more dollars or renminbi investors, including Taiwan's richest man under the red flag of the HTC, Tencent, Russia investment group DST, Silicon Valley godfather Ron-Conway, New York Mayor Michael Bloomberg, and so on. The new

June 3 News, Innovation Workplace control of the fund, has more dollars or renminbi investors, including Taiwan's richest man under the red flag of the HTC, Tencent, Russia investment group DST, Silicon Valley godfather Ron-Conway, New York Mayor Michael Bloomberg, and so on. The newly-raised renminbi fund has nearly 800 million yuan.

News of the new investment in innovation workshops has finally allowed its CEO, Lee Kai-fu, to say a few words on Weibo last night. In the microblog, Kai-Fu Lee revealed that the development Fund for the operation of innovative workshops has recently increased more than 10 contributors.

People close to the innovation workshop told Sina Technology that the current Innovation Workshop's RMB fund has nearly 800 million yuan, and its investors include Tencent and the Shanghai government's emerging Industry guidance Fund. It is revealed that Tencent is the latest to join the investment side, and it is so the rumors began to appear innovative workshop new financing.

It is noteworthy that after the 3Q War and reflection, Tencent is trying to change the original expansion strategy, a significant sign is that the top of the frequent engagement with internet start-ups to discuss investment cooperation.

But Tencent is just one of the new partners on the Innovation Workshop list, as Kai-Fu Lee Weibo said.

More new investors are named in the US dollar Fund for innovation workshops, including DST, led by Wang, Taiwan's richest man, Yuri Milner, Silicon Valley's godfather Ron Conway (Ron Conway) and New York Mayor Michael Bloomberg. And the New York Retirement fund.

In fact, DST has quietly reached an agreement with innovation workshops before investing in Jingdong Mall. The Russian investment group is also one of Facebook's investors.

According to the information disclosed by Kai-Fu Lee Weibo, the investment is only a development fund for the operation of innovative workshops, so investors are not shareholders of innovation workshops, and "have no say over the workshop business". At present, the shares of the innovation Workshop are owned by Kai-Fu Lee and staff. "The initial financing was large, then there was no refinancing of the innovation workshop," said Lee.

According to data released at the end of April this year, innovative workshops have invested 28 projects in the past year, 17 of which are relatively large, and at least 3 of them have received a round of financing and only one has failed. It is revealed that six or seven other projects will enter a round of financing by the end of the year, and the investment success rate of the innovation workshop will reach 75%.

Kai-Fu Lee said the next stage of innovation Workshop investment will expand to the entertainment sector.

Innovation Workshop started, kai-Fu Lee four weeks to raise 800 million yuan fund, the investment list includes Lenovo Liu, Foxconn Gou, New Oriental Yu, YouTube Chen Shijun and so on. In last year's communication, Kai-Fu Lee also to Sina Technology confirmed that MediaTek, China Telecom and other innovative factories are strategic investors.

"Basically every VC and the investment arm of a big company has been looking for us," said Lee, a number of top investors from Silicon Valley, Europe and the mainland, who want to find the right project at the Innovation Workshop. (Menghong)