Li Kaifu, Chairman of the Innovation Workshop, Xiong Xiaoge, Founding Partner of IDG Capital, and Wang Junfeng, Managing Director of Lenovo Investment, and other 21 leading domestic and foreign investment institutions gathered in Zhongguancun on April 26. "You know, it's hard to see two of them on the same occasion." The media sighed.
What attracted them to gather was a park investment meeting held by the Zhongguancun Management Committee. Nearly a thousand enterprises in the Zhongguancun Demonstration Zone participated in the conference, inspiring the “hunting†nerves of major venture capital institutional investors.
"Now the venture capital organization's competition in Zhongguancun is 'deeply hot', it must be started quickly, otherwise it will be robbed by the opponent." Xiong Xiaoge described his feelings of attending the conference.
As one of the first venture capital institutions to enter China, IDG Capital conducted its first venture in Zhongguancun as early as 1992. Up to now, IDG Capital has made more than 200 investments in China, of which more than 1/4 have been invested in Zhongguancun Park. The investment targets include Sohu, Soufang, Dangdang and Vanke Eslite. "Venture investment institutions value three factors: market, technology and talent, and Zhongguancun has the qualifications in these three areas, which is why we continue to increase investment in Zhongguancun." Xiong Xiaoge spoke outspokenly.
With the rise of Zhongguancun Demonstration Zone, the attractiveness of Zhongguancun enterprises continues to rise, and more than 100 well-known institutions at home and abroad are competing to invest in Zhongguancun. A survey report by a third-party institution released by Zhongguancun Management Committee showed that in 2009, there were 111 equity investment cases in Zhongguancun Park, with a total investment of 7.241 billion yuan. By 2010, there were 216 investment cases in Zhongguancun Park, an increase of 94.59% from 2009; the investment amount increased sharply to 20.797 billion yuan, an increase of 187.2% from 2009.
From the perspective of Beijing and the whole country, the number of investment cases in the Zhongguancun Park in 2010 accounted for 98.2% of the total number of investment cases in Beijing and 26.2% of the total number of national investment cases. In terms of investment amount, the amount of equity investment in Zhongguancun Park in 2010 accounted for 99.0% of the total amount of equity investment in Beijing during the same period and 27.6% of the total amount of equity investment in the country.
At present, a number of well-known institutions at home and abroad, such as IDG, Lenovo Investment, Today Capital, Northern Light Venture Capital, Qidi Venture Capital, and Shenzhen Venture Capital, have taken root in Zhongguancun all the year round, with investment funds of more than US $ 20 billion. In 2008, Warren Buffett completed the investment of about 10% of BYD's shares with US $ 100 million. The market value of this share has climbed to HK $ 2.2 billion.
Such a huge amount of capital occupies Zhongguancun with only one purpose, looking for high-quality enterprises and high-quality project investment to make money. Zhongguancun really lived up to expectations. In 2009, there were 23 companies listed on Zhongguancun Park, which rose to 39 in 2010. Four of them landed on NASDAQ and nine of them were listed on the New York Stock Exchange. In 2009, there were fewer than 10 companies going public in Silicon Valley, and only 11 in 2010.
"The activity of venture capital reflects the development level of a local emerging industry. Now the enthusiasm of venture capital for Zhongguancun is increasing. With the increasingly integration of technology and finance, Zhongguancun's strategic emerging industries will continue to grow. As time passes, Zhongguancun is capable of catching up with Silicon Valley in the United States. "Xiong Xiaoge said.
Why does capital "dead stare" at Zhongguancun?
"The sense of risk investment is quite sensitive, and the projects and fields they are optimistic about are often the direction of technological development." Zhao Hong, director of the Economic Research Institute of Beijing Academy of Social Sciences and director of Zhongguancun Innovation Development Research Institute, said that Beijing is attracting investment in venture capital. The leading position in the country shows that Beijing is leading the country in terms of new technologies and new industries.
According to Yang Jianhua, deputy director of Zhongguancun Management Committee, through equity investment, the country ’s leading and even world-leading technologies and projects can be implemented in Zhongguancun. With the capital injection, the industrialization and commercialization of technology will also be greatly accelerated Promote the gathering of strategic emerging industries in Zhongguancun. "This combination of venture capital and knowledge capital shows that Beijing's economic development mode is shifting from general investment factors to innovation-driven changes, which shows the improvement of Beijing's economic quality and the transformation of its connotation." Zhao Hong said.
In the first quarter of 2011, Beijing's GDP increased by 8.6% year-on-year, which was lower than the national average growth rate of 9.7%, which was the lower level of Beijing's development in the past 10 years. Zhao Hong believes that this is a necessary process for the Beijing municipal government to actively regulate the automobile and housing market and change the economic growth mode. "Under such circumstances, the innovation drive of Zhongguancun has become more prominent in maintaining the sound and rapid economic development of the capital.
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