Chris Torney – Page 12

GCV Asia Congress Awards 2017 – Large Investment of the Year: Didi Chuxing

According to reports, the China-based firm has recently been valued at more than $50bn, behind only its US peer and co-shareholder Uber. Didi’s meteoric rise has been fuelled by more than $13bn of funding since it was founded, with a $5.5bn round, led by Japan’s SoftBank, completed in spring this year. Alongside SoftBank, Didi’s backers… Continue reading GCV Asia Congress Awards 2017 – Large Investment of the Year: Didi Chuxing

GCV Asia Congress Awards 2017 – Sub-$50m Investment of the Year: Desktop Metal

Technology with the potential to produce complex metal components more efficiently and cheaply has underpinned the success of US-based Desktop Metal.

GCV Asia Congress Awards 2017 – Mid-sized Investment of the Year: Mobike

Bicycle rental platform Mobike has had a hugely successful 2017 so far, with two multimillion-dollar funding rounds as well as expansion out of its native China into Southeast Asia and, most recently, Europe.

GCV Asia Congress Awards 2017 – M&A of the Year: Jet.com

Jet.com’s success has been built on its innovative approach to selling online, backed by high-quality senior management and venture investors. The firm’s unique selling point was a new take on the model pioneered by Amazon. Instead of convenience and rapid delivery, Jet.com focuses on the cost-savings consumers can make by buying in bulk and encouraging… Continue reading GCV Asia Congress Awards 2017 – M&A of the Year: Jet.com

GCV Asia Congress Awards 2017 – IPO of the year: G-bits Network

The firm’s listing on the Shanghai Stock Exchange (SSE) raised $138m and delivered a successful exit to a number of the firm’s backers. These included IDG Capital Partners, Fortune Capital and Ping An Ventures, the corporate venturing arm of Ping An Insurance. G-bits, which is based in Xiamen in southeast China, was set up in… Continue reading GCV Asia Congress Awards 2017 – IPO of the year: G-bits Network

GCV Asia Congress Awards 2017 – Fund of the Year: SoftBank Vision Fund

These include investing a reported $2.5bn in Indian e-commerce company Flipkart, as well as leading a $1.1bn funding round for Swiss drug developer Roviant Sciences and contributing the bulk of a $1bn capital injection into US-based sports e-commerce platform Fanatics. The Vision Fund was originally announced in autumn 2016 and has successfully sought backing from… Continue reading GCV Asia Congress Awards 2017 – Fund of the Year: SoftBank Vision Fund

GCV Asia Congress Awards 2017 – New Entrant of the Year: AddVentures

AddVentures, the corporate venturing arm of Thai conglomerate Siam Cement Group (SCG), has been named new entrant of the year in the 2017 Global Corporate Venturing Asia Congress awards. The fund was set up in June this year and will be funded by SCG to the tune of up to $85m over the next three to five years.

GCV Asia Congress Awards 2017 – Unit of the Year: Tencent Investment

The huge strides made by Tencent Investment since 2015 are largely the result of its increased appetite for dealmaking on a grand scale as well as its willingness to look outside of China for new ventures.