Singaporean Venture Capitalists play an important role in fast growing tech sector in China
— Opportunities for Singaporeans to partner Chinese companies as they expand in the region and beyond
I am Sun Xueling, CEO of Business China. We are delighted today to conduct our first networking session with entrepreneurs and young Singaporeans, focusing on technology, innovation and opportunities in China.
We have partnered Infocomm Investments to hold this networking session at BASH (Build Amazing Start-ups Here) at Blk 79, home to many start-ups in Singapore.
We read often about the forays into China by our large corporates. However at the same time, many young Singaporeans and entrepreneurs are making a name for themselves in China, in upcoming and exciting industries and they serve as role models for other young Singaporeans.
China has entered into a new phase of growth. The private sector is playing an increasing role in growing the economy. China for the first time is also investing abroad more than its inward investment flows. This provides new opportunities for Singaporean business people to seek new opportunities and partnerships with Chinese companies as they seek to expand in our region and the world.
The InfoTech sector is a fast growing sector in the Chinese economy with many exciting developments. Not often as well known, is that Singaporeans have played a role in the growth of this sector in China.
Today, we have gathered a group of Singaporeans who have made waves in the China tech and Venture Capital scene, identifying disruptors and spearheading change in tech and innovation. Several of them present have made it to the list of top 100 private equity investors in China. Together, they manage about $10bln in AUM. They have mentored entrepreneurs and provided growth capital to companies. They will share with us, how they started their journey in tech and innovation, what they see are key trends in the world of tech and innovation and what opportunities can be seized upon in China. We also have Mr CC Zhuang with us who founded Qunar (去哪儿网), one of the largest online trip advisors in China and who merged his company with Ctrip (携程旅行网) in end 2015 at a valuation of $11bln. Together with our distinguished panel of Venture Capitalists, they will attempt to answer any questions you may have on your start-up.
I will now invite Dr Alex Lin, Head of IIPL to briefly introduce Infocomm Investment Pte Ltd and the role of BASH.
Dr Alex Lin, please.