Lenovo Investment managing director Chen: Gem does not mean the advent of a big inflection point

Gem let PE/VC more than a way out, but can not judge the 2009 is a big inflection point year.　　Recently, in Beijing Shangri-La Hotel entrepreneurs Annual meeting Gap, Lenovo Investment managing director Chen to CBN reporters, Lenovo investment in the renminbi funds are being raised, or in early next year to collect the completion. Lenovo Holdings's professional investment companies include Lenovo Investment, Hong Yi Capital and the financial branch of the real estate investment company, which Lenovo Investment focus on early venture capital and growth-oriented investment opportunities.　　Single investment scale of 5 million to 20 million U.S. dollars, the shareholding ratio between 15%~30%, do not seek a controlling power, is the most typical VC in China one of the representative. According to Chen, since 2001, Lenovo Investment has four funds, the first fund 35 million U.S. dollars, the second fund of 70 million U.S. dollars, the third fund 170 million U.S. dollars, the fourth fund around 500 million dollars.　　An investment of more than 80 enterprises, 60%~70% concentrated in the TMT sector, and another 30% in the consumer, new energy, environmental protection and health areas. And the opening of the gem, also caused by Lenovo investment in particular attention. "We can say that is waiting for a long time to hear the gem launch of the news is very exciting." Chen said Lenovo investment also prepared three or four companies to prepare gem listing.　　Among them more well-known include Tianya website. Previously, Yu Hongyi got the investment from the Social Security Fund.　　So as another investor in Lenovo, the LP of Lenovo-invested renminbi funds is particularly concerned. In this respect, Chen did not disclose. He said that at present Lenovo investment is particularly concerned with the concept of consumption escalation, rather than to meet basic food and clothing.　　How to use good, how to eat well, how to play well. In Chen's 8-year investment process, the project and personally involved in the management of about 25, mainly in the IT industry. More representative of the University of the Board, including the listing of the Hkust news fly. 2007 Nasdaq-listed Shanghai technology and a number of site-type projects, such as Tianya website, Renren and so on. "In addition, community sites will also be our new exploration."　　"Chen added. Although said the gem long-term bullish, but he also made it clear that the renminbi fund and the gem is not directly related. "Choose what kind of enterprise, what kind of business corresponds to what kind of market is listed." We hope that the listing for a business development can bring positive help, not especially for the gem to cultivate enterprises, or to see the characteristics of the enterprise. "Chen said," This is a two-way choice, not have a good business board is sure to come. ”