DOCSLIB.ORG

Venture Capital Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Venture Capital Report Venture Capital Report China | 1 Q | 2018 VENTURE CAPITAL REPORT VENTURE CAPITAL REPORT The following report presents Dow Jones VentureSource’s quarterly findings for Chinese venture capital fundraising, investment, valuation, and liquidity. The included charts and graphs offer a comprehensive view of the trends currently affecting the venture capital market. Highlights for 1Q 2018 include: • China venture capital fundraising increased in both amount raised and the number of funds; • Amount flowed into venture backed Chinese companies increased, although the deal number dropped; • Amount raised through mergers and acquisitions (M&As) declined; while capital raised via initial public offerings (IPOs) climbed. VENTURE CAPITAL REPORT 2 GROWTH EQUITY Starting this quarter, we are reporting on Growth Equity. VentureSource has always tracked this space, but until now they were excluded from the quarterly statistics. Please note that Growth deals will be included in the Later Stage category, a subsection of Venture Capital Investment. We define Growth Equity as a minority stake investment in privately owned, mature companies that meet the following criteria: • No prior equity investment within the first 3 years of business operations; and • A proven business model -- generating revenue or profitable; and • No VC-type round series is used by the company to label the transaction; and • At least one institutional investor participated in the deal. We recently reviewed our entire database to ensure that all companies and transactions are classified consistent with the above criteria. As a result of this review, we re-characterized thousands of historical deals from VC to Growth, or from Growth to VC. As with our Venture Capital statistics, we exclude companies formed for the sole purpose of acquiring other companies, properties, natural resources, or interests. We also exclude companies formed or owned by private equity firms. VENTURE CAPITAL REPORT 3 CHINESE VENTURE CAPITAL FUNDRAISING IMPROVED IN 1Q 2018 FUNDRAISING Chinese VC Fundraising (2015–2018) Based on multiple closings 25 $6.00 5 Chinese venture funds collected $0.38 billion in 1Q 2018. Due to a large fund, the amount raised increased by 90% from last $5.00 quarter, though the number of funds is only one more than 20 the figure of 4Q 2017. $4.00 In comparison to the same period last year, both amount 15 raised and deal number dropped by 62%. $3.00 10 Baidu Ventures RMB Fund II was the largest Chinese • $2.00 venture fund in 1Q 2018, raising $317.29 million and 5 accounting for 83% of the total amount raised in venture $1.00 capital funds during the quarter. 0 $0.00 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 Amount Raised ($B) $3.20 $1.66 $2.07 $1.41 $2.97 $2.12 $2.09 $0.73 $1.00 $2.11 $3.56 $0.20 $0.38 Number of Funds 23 23 22 17 13 18 12 13 13 14 13 4 5 VENTURE CAPITAL REPORT 4 VENTURE CAPITAL INVESTMENT INCREASED IN CHINA DURING 1Q 2018 FINANCING Equity Financings into China-based, VC-backed Companies (2015–2018) 40.00 1000 900 35.00 800 In 1Q 2018, equity financings into China-based, venture backed 30.00 700 companies raised more than $30 billion through 836 deals. 25.00 600 Compared to the prior quarter, the amount raised increased by 9%, 20.00 500 while the number of deals dropped by 6%. 400 15.00 Business and Financial Services attracted the highest amount of 300 10.00 investment. 200 5.00 100 0.00 0 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 Amount Raised ($B) 11.19 16.92 16.84 20.88 21.34 20.96 11.20 12.12 34.74 18.45 16.11 27.62 30.14 Number of Deals 567 745 824 856 694 750 754 758 678 716 797 891 836 VENTURE CAPITAL REPORT 5 EQUITY FINANCINGS INTO CHINA-BASED, VC-BACKED COMPANIES, BY ROUND CLASS (2015–2018] FINANCING Number of Deals 400 350 300 250 200 150 100 50 0 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 Seed 106 90 131 128 90 110 141 113 76 90 85 84 56 First 232 331 337 320 262 276 274 291 230 237 253 273 254 Second 71 113 142 156 124 140 111 115 129 150 143 177 172 Later 95 134 128 149 137 146 137 134 148 153 215 276 274 Restart 1 1 2 1 2 2 VENTURE CAPITAL REPORT 6 EQUITY FINANCINGS INTO CHINA-BASED, VC-BACKED COMPANIES, BY ROUND CLASS (2015–2018) FINANCING Amount Raised ($M) $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 Seed $61 $53 $91 $47 $75 $61 $103 $48 $34 $56 $64 $108 $22 First $1,687 $2,403 $3,359 $2,353 $1,515 $1,428 $1,627 $1,504 $2,865 $1,752 $1,371 $1,689 $8,638 Second $1,723 $4,347 $3,005 $2,509 $1,884 $2,079 $2,091 $1,632 $2,271 $2,427 $2,163 $2,482 $3,392 Later $7,027 $8,607 $9,705 $13,801 $16,972 $16,822 $5,870 $7,064 $28,029 $11,006 $9,980 $20,023 $15,976 Restart $20 $2 $60 $64 $128 $48 VENTURE CAPITAL REPORT 7 EQUITY FINANCINGS INTO CHINA-BASED, VC-BACKED COMPANIES, MEDIAN DEAL SIZE [$M] (2015–2018) FINANCING Median Equity Deal Size ($M) $16.00 $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $0.00 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 Median Equity Deal Size ($M) $5.00 $4.84 $4.03 $4.71 $4.40 $3.14 $3.01 $4.36 $7.25 $4.40 $5.95 $7.56 $15.00 VENTURE CAPITAL REPORT 8 EQUITY FINANCINGS INTO CHINA-BASED, VC-BACKED COMPANIES, BY INDUSTRY GROUP [1Q 2018) FINANCING Business and Financial 1Q'18 Industry Services Breakdown 23% 26% Consumer Goods By Number Business and Financial Services came in first during 1Q 2018 in terms of dollar of Deals Consumer Services raised. This sector collected slightly more than $11 billion through 216 deals, 1% Energy & Utilities which represents a 37% share of the total amount invested and 26% of the total 5% 9% deal flow during this quarter. Compared with the prior quarter, amount invested is 0% Healthcare more than doubled, while the transaction number only climbed by 3%. 33% Industrial Goods & Consumer Services ranked the second, accumulating $7.16 billion through 273 Materials Information Technology deals. This sector’s investment figure takes a 24% of the total investment in 1Q 2018. It accounts a 33% of the whole deal number during this quarter, attracting Business and Financial 1Q’18 Industry Services the highest number of transactions. Compared with the past quarter, both the Breakdown 11% Consumer Goods amount invested and deal number decreased, by 58% and 12% respectively. By Amount 1% Raised Consumer Services Consumer Goods placed the third, receiving $4.67 billion across 43 deals. 37% 12% Energy & Utilities 0% Healthcare 24% Industrial Goods & Materials 15% Information Technology VENTURE CAPITAL REPORT 9 TOP 5 DEALS INTO CHINA-BASED VC-BACKED COMPANIES (1Q 2018) Industry Round Raised Round Investors Co. Name Location Industry Code Industry Group Brief Description Close Date Segment Type ($M) (* denotes lead) Tencent Holdings Ltd., Sequoia Capital, ICBC International Beijing Jingdong 360 E- Holdings Ltd., Hillhouse Capital Management Ltd., China Logistics/Delivery Wholesale Trade Business and Provider of logistics network service for $2500.00 commerce Co. Ltd. (JD Beijing 2/14/2018 First Round Structural Reform Fund Co. Ltd., China Merchants Capital Services and Shipping Financial Services JD's e-commerce platform. Logistics) Co. Ltd., China Life Investment Holding Co. Ltd., China Development Bank Corp. Yunfeng Capital Management Co. Ltd.*, Taikang Life Insurance*, Sequoia Capital, NOAH (China) Wealth Management Center, JD Capital Co. Ltd., Harvest Capital Beijing Easyhome Co. Ltd.*, ChinaEquity Group Inc., China Minsheng Banking Investment Holdings Household and Operator of a home improvement and Beijing Home Improvement Consumer Goods 2/11/2018 Growth Equity $2062.41 Corp. Ltd., China Cheng Xin International Credit Rating Co. Group Co. Ltd. (Juran Office Goods furniture chain. Ltd., China Capital Management Co. Ltd., Boyu Capital Zhijia) Advisory Co. Ltd., Borui Capital, Beijing Yuese Investment Co. Ltd., Beijing Hualian Changshanxing Investment Management Co. Ltd., Alibaba Group Holding Ltd.* Ping An Healthcare Healthcare Medical Software Operator of a medical data collection and Management Co. Ltd. Shanghai Administration and Information Healthcare 1/18/2018 Growth Equity $1000.00 SoftBank Vision Fund, SBI Holdings Inc. analysis platform. (Ping An Medical) Software Services Yunfeng Capital Management Co. Ltd., Tencent Holdings Ltd.*, Taihe Capital, Sequoia Capital, IDG Capital Partners, Consumer Operator of a consumer-to-consumer ICBC International Holdings Ltd., Hike Capital, H Capital, Chehaoduo Group Beijing Shopping Facilitators Information Consumer Services 1/24/2018 Fourth Round $818.00 (C2C) auto trading platform. GIC Private Ltd., FountainVest Partners, Digital Sky Services Technologies Ltd., Capital Today, Beijing Jingxi Venture Capital Fund Management Co. Ltd. Zhongchuang Haiyang Fund, Shenzhen Qianhai Mergers Shanghai Youxia Motors and Acquisitions Funds, Huzhou Nantaihu Construction Shanghai Commercial Vehicles Vehicles and Parts Consumer Goods Manufacturer of electric vehicles (EV).
Load more

Recommended publications
  • Corporate Venturing Report 2019
    Corporate Venturing 2019 Report SUMMIT@RSM All Rights Reserved. Copyright © 2019. Created by Joshua Eckblad, Academic Researcher at TiSEM in The Netherlands. 2 TABLE OF CONTENTS LEAD AUTHORS 03 Forewords Joshua G. Eckblad 06 All Investors In External Startups [email protected] 21 Corporate VC Investors https://www.corporateventuringresearch.org/ 38 Accelerator Investors CentER PhD Candidate, Department of Management 43 2018 Global Startup Fundraising Survey (Our Results) Tilburg School of Economics and Management (TiSEM) Tilburg University, The Netherlands 56 2019 Global Startup Fundraising Survey (Please Distribute) Dr. Tobias Gutmann [email protected] https://www.corporateventuringresearch.org/ LEGAL DISCLAIMER Post-Doctoral Researcher Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship The information contained herein is for the prospects of specific companies. While HHL Leipzig Graduate School of Management, Germany general guidance on matters of interest, and every attempt has been made to ensure that intended for the personal use of the reader the information contained in this report has only. The analyses and conclusions are been obtained and arranged with due care, Christian Lindener based on publicly available information, Wayra is not responsible for any Pitchbook, CBInsights and information inaccuracies, errors or omissions contained [email protected] provided in the course of recent surveys in or relating to, this information. No Managing Director with a sample of startups and corporate information herein may be replicated Wayra Germany firms. without prior consent by Wayra. Wayra Germany GmbH (“Wayra”) accepts no Wayra Germany GmbH liability for any actions taken as response Kaufingerstraße 15 hereto.
    [Show full text]
  • History, Development and Corporate Structure
    This document is in draft form, incomplete and subject to change and that the information must be read in conjunction with the section headed “Warning” on the cover of this document. HISTORY, DEVELOPMENT AND CORPORATE STRUCTURE OVERVIEW We are a medtech company dedicated to the research, development and commercialization of innovative medical devices in the field of structural heart diseases with an established leadership position in the transcatheter mitral valve (TMV) market in China. For further details, please refer to the section headed “Business” in this document. The Company was established in the PRC as a limited liability company on December 22, 2016 by Mr. Dai, being an executive Director, and Ms. Yang, being an executive Director. For the biographical details of Mr. Dai and Ms. Yang, please refer to the section headed “Directors, Supervisors and Senior Management” in this document. After a series of share transfers and capital injections, the Company was converted into a joint stock company with limited liability and renamed as “Shanghai Hanyu Medical Technology Co., Ltd. (上海捍宇醫療科技股份有限 公司)”. In March 2021, the registered capital of the Company was increased and there has been no change of share capital since then. MILESTONES OF DEVELOPMENT The following table sets forth the key milestones of our development: Year Key Milestones and Achievements December 2016 We were established as a limited liability company in the PRC under the name of “Shanghai Hanyu Medical Technology Corporation Limited (上海捍宇醫療科技有限公司)”. April 2017 We obtained an exclusive license and purchase option regarding the ValveClamp Patent. July 2018 We launched an exploratory first-in-human (FIM) clinical trial for ValveClamp.
    [Show full text]
  • Supplementary Data Supplementary Data 1
    Building Long-term Wealth by Investing in Private Companies Annual Report and Accounts 12 Months to 31 January 2021 Supplementary Data Supplementary Data 1 HVPE’s HarbourVest Fund Investments at 31 January 2021 HVPE’s HarbourVest Fund investments and secondary co-investments are profiled below. Financial information at 31 January 2021 for each fund is provided in the Financial Statements of the Company’s Annual Report and Accounts on pages 79 to 82. V = Venture, B = Buyout, O = Other, P = Primary, S = Secondary, D = Direct Co-investment HarbourVest Fund Phase Vintage Year Stage Geography Strategy Investment Phase HIPEP IX Partnership Fund Investment 2020 V, B EUR, AP, RoW P, S, D Secondary Overflow Fund IV Investment 2020 V, B Global S 2020 Global Fund Investment 2020 V, B, O Global P, S, D HarbourVest Real Assets IV Investment 2019 O Global S HarbourVest Credit Opportunities Fund II Investment 2019 O US D Dover Street X Investment 2019 V, B Global S HarbourVest 2019 Global Fund Investment 2019 V, B, O Global P, S, D HarbourVest Partners Co-Investment V Investment 2018 V, B, O Global D HarbourVest Adelaide Investment 2018 O US, EUR, RoW S, D HarbourVest 2018 Global Fund Investment 2018 V, B, O Global P, S, D HarbourVest Partners XI Venture Investment 2018 V US P, S, D HarbourVest Partners XI Micro Buyout Investment 2018 B US P, S, D HarbourVest Partners XI Buyout Investment 2018 B US P, S, D HIPEP VIII Asia Pacific Fund Investment 2017 V, B AP P, S, D HarbourVest 2017 Global Fund Investment 2017 V, B, O Global P, S, D HIPEP VIII Partnership
    [Show full text]
  • Edtech Innovation in China's Educational Market – Lessons Poland Should Learn From
    Graduate Programme Major: Finance and accounting Minor: Corporate finance Andrzej Daniluk Student number 79375 EdTech innovation in China’s educational market – lessons Poland should learn from. Master's thesis written in the lnstitute of Information Systems and Digital Economy under scientific supervision of Paulina Roszkowska, PhD Warsaw 2019 2 Table of Contents Introduction .............................................................................................................................. 5 1. EdTech background ......................................................................................................... 7 1.1. Description of the Educational Technology ............................................................... 7 1.2. EdTech product landscape .......................................................................................... 7 1.3. Global EdTech market .............................................................................................. 10 1.4. Global investment opportunities and trends ............................................................. 11 1.5. Education giants and biggest EdTech startups ......................................................... 16 1.5.1. Largest publicly listed education companies ........................................................ 16 1.5.2. Largest EdTech startups ....................................................................................... 18 2. EdTech innovation in China’s education market .......................................................
    [Show full text]
  • Internship Possibilities & Company Profiles
    CET SHANGHAI INTERNSHIP POSSIBILITIES & COMPANY PROFILES “CET Shanghai gave me everything I was looking for in study abroad. With Chinese language and real-world work experience, I grew immensely, academically and professionally.” ~Jason Traum, George Washington University, Fall 2015 2 cetacademicprograms.com Note: Sites marked with a * are placeholder sites. Placeholder sites closely match the scope, size, and reputation of an open site. Withheld names are available upon request. CET Shanghai Intern in China. Get your career started now. How to Use this Directory Use this list as inspiration for the type of internship you could have when you study with CET. Placement in an organization starts after you’ve been admitted to the program. Have some examples from this list ready when our Shanghai staff contact you to discuss placement, and we can use your top choices as a guide to find an internship that’s a perfect fit for you and your host organization. Biotech, Biomimetics, Brain Science, Laboratory 4 Fashion, Retail 11 Industrial 4 Visual and Performing Arts 12 Electronics, Hardware, Fabrication 5 Publishing 12 Engineering 5 Finance, Banking 12 Marketing, Branding, Advertising 5 Consulting, Research, Recruiting 13 Public Relations 7 Risk Management 14 Entertainment, Media, Events 7 Legal 14 Film, Graphic Design 8 Accelerators, Incubators, Startup Services 15 Information Technology and Services 8 NGO, NPO, Environment 15 Trade, Logistics 9 Education 17 Real Estate 10 More on CET Shanghai 19 Food, Hospitality 10 Don’t see a field or organization you’re looking for? Contact us! Each semester we place about 30% of interns with new organizations.
    [Show full text]
  • 2016 China Leading Fintech 50
    2016 China Leading Fintech 50 KPMG China September 2016 Fintech 50 KPMG Survey Page WeChat 1 Page Number 01 Disruption & breakthrough 4 02 Overview 6 03 The 50 16 04 Appendix 67 Appendix I List of institutional investors 68 Appendix II Global comparison 69 Appendix III Regulatory update 70 Appendix IV KPMG China Fintech experts 74 Appendix V Glossary of abbreviated terms 75 About KPMG 76 Contact us 77 Disclaimer: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. © 2016 KPMG Advisory (China) Limited , a member of the KPMG network of independent member firms affiliated with 2 KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in China. 01 Disruption & breakthrough © 2016 KPMG Advisory (China) Limited , a member of the KPMG network of independent member firms affiliated with 3 KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in China. Disruptive changes and breakthroughs Comprehensive service scenarios Credit Products Consumer cards lending Intelligence Payment Housing/car Data loans Precision Risk marketingIndividuals pricing Insurance Personal Anti-fraud finance Transactions Wealth management Quantitative Financial Portfolio trading markets management Payment Products and Bills receipts Intelligence Risk Data Risk control pricing Enterprises Wealth (small and Credit loans management medium-sized) (supply/industrial chain) Anti-fraud Leasing Pledged loans The picture above listed in no particular order，it is only a schematic diagram sorted by public information.
    [Show full text]
  • Venture Capital Report
    Venture Capital Report China | 4Q | 2014 Venture Capital Report The following report presents Dow Jones VentureSource’s quarterly findings for Chinese venture capital fundraising, investment, valuation, and liquidity. The included charts and graphs offer a comprehensive view of the trends currently affecting the venture capital market. Highlights for 4Q 2014 include: Chinese venture capital fundraising fails to improve on previous quarter, however, total fundraising for year more than doubles that of 2013; Venture capital investment into Chinese companies more than doubles 3Q 2014 total; Overall exit activity improves from 3Q 2014 despite fall in mergers and acquisitions (M&As) as Initial public offerings (IPOs) rally in both number of offerings and dollars raised. 2 Venture Capital Report Chinese Venture Capital Fundraising Fails to Improve in 4Q 2014 Chinese venture fundraising declined to $339 million across 9 funds during 4Q 2014. The quarter represents FUNDRAISING the lowest fundraising accumulation since 2Q 2013 when six funds raised just $140 million. In comparison with the same period last year, dollars raised fell by 57% while the number of venture funds completing closings declined by 25%. Le Fund’s II fund and Arbor Ventures’ fund I were the joint largest of 4Q 2014, raising $100 million apiece, accounting for 59% of the total amount for the quarter combined. Looking at the year as a whole, however, 2014 has surpassed the previous year both in terms of dollars raised and the number of completed closings, improving by 131% and
    [Show full text]
  • Cardiex 2020 Annual Report
    Annual Report 2020 CARDIEX LIMITED AND CONTROLLED ENTITIES ABN 81 113 252 234 CORPORATE DIRECTORY DIRECTORS Mr. Niall Cairns (Executive Chairman) Mr. King Nelson Mr. Craig Cooper Mr Jarrod White (appointed 21 May 2020) JOINT COMPANY SECRETARIES Mr. Jarrod White Mr. Philip Leighfield CHIEF FINANCIAL OFFICER Mr. Jarrod White REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS Suite 303, Level 3 15 Lime Street Sydney NSW 2000 Telephone: (02) 9874 8761 Email: [email protected] Website: www.CardieX.com SHARE REGISTRY Link Market Services Level 12, 680 George Street Sydney NSW 2000 Telephone: (02) 8280 6000 Website: www.linkmarketservices.com AUDITORS BDO Audit Pty Ltd Level 11, 1 Margaret Street Sydney NSW 2000 Telephone: (02) 9251 4100 Facsimile: (02) 9240 9821 Website: www.bdo.com.au CORPORATE ACCOUNTANT Traverse Accountants Suite 305, Level 3 35 Lime Street Sydney NSW 2000 Website: www.traverseaccountants.com.au STOCK EXCHANGE LISTING CardieX Limited’s shares are listed on the Australian Securities Exchange (ASX code: CDX ). 1 TABLE OF CONTENTS Chairman’s Report Page 3 CEO’s Report and Operational Update Page 4 Directors’ Report Page 10 Remuneration Report Page 15 Auditor’s Independence Declaration Page 19 Consolidated Statement of Profit or Loss and Other Comprehensive Income Page 20 Consolidated Statement of Financial Position Page 21 Consolidated Statement of Changes in Equity Page 23 Consolidated Statement of Cash Flows Page 24 Notes to the Consolidated Financial Statements Page 25 Directors’ Declaration Page 68 Independent Auditor’s Report Page 69 Shareholder Information Page 72 2 CARDIEX LIMITED AND CONTROLLED ENTITIES ABN 81 113 252 234 Chairman’s Report My Fellow Shareholders, It is a pleasure to present the 2020 Annual Report for CardieX Limited.
    [Show full text]
  • Cellular Biomedicine Group, Inc
    SECURITIES & EXCHANGE COMMISSION EDGAR FILING Cellular Biomedicine Group, Inc. Form: SC 13E3/A Date Filed: 2021-02-19 Corporate Issuer CIK: 1378624 © Copyright 2021, Issuer Direct Corporation. All Right Reserved. Distribution of this document is strictly prohibited, subject to the terms of use. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13E-3 RULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4) CELLULAR BIOMEDICINE GROUP, INC. (Name of the Issuer) Cellular Biomedicine Group, Inc. CBMG Holdings CBMG Merger Sub Inc. Yunfeng Fund III, L.P. Yunfeng Investment III, Ltd. Yunfeng Capital Limited TF Capital Ranok Ltd. TF Capital Fund III L.P. Winsor Capital Limited TF I Ltd. Tony (Bizuo) Liu Yihong Yao Li (Helen) Zhang Chengxiang (Chase) Dai Dangdai International Group Co., Limited Mission Right Limited Wealth Map Holdings Limited Earls Mill Limited Sailing Capital Overseas Investments Fund, L.P. Sailing Capital Overseas Investments GP, Ltd OPEA SRL Maplebrook Limited Full Moon Resources Limited Viktor Pan Zheng Zhou Novartis AG Novartis Pharma AG (Names of Persons Filing Statement) Common Stock, par value $0.001 per share (Title of Class of Securities) 15117P102 (CUSIP Number of Class of Securities) Andrew Chan Xin Huang Cellular Biomedicine Group, Inc. CBMG Holdings 209 Perry Parkway, Suite 13 Room 3501, 35th floor, K. Wah Centre, No. 1010, Gaithersburg, Maryland 20877 Middle Huaihai Rd. (301) 825-5320 Shanghai 200031, China +852 2516 6363 With copies to: William Fong, Esq. Morton A. Pierce, Esq. Nima Amini, Esq. White & Case LLP Chang-Do Gong, Esq.
    [Show full text]
  • Table of Contents FORM 20-F Alibaba Group Holding Limited
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the fiscal year ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report…………… For the transition period from to Commission file number 001-36614 Alibaba Group Holding Limited (Exact name of Registrant as specified in its charter) Cayman Islands (Jurisdiction of incorporation or organization) 26/F Tower One, Times Square 1 Matheson Street, Causeway Bay Hong Kong (Address of principal executive offices) Timothy A. Steinert, Esq., Company Secretary Telephone: +852-2215-5100 Facsimile: +852-2215-5200 Alibaba Group Holding Limited 26/F Tower One, Times Square 1 Matheson Street, Causeway Bay Hong Kong (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, par value US$0.000003125 per share 9988 The Stock Exchange of Hong Kong Limited American Depositary Shares, each representing BABA New York Stock Exchange eight Ordinary Shares Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 21,491,994,944 Ordinary Shares Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Re-Election of Directors of the Fifth Session Of
    12652 \ (Shenzhen Hepalink) \ 05/08/2020 \ M08 THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt about any of the contents of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your Shares in Shenzhen Hepalink Pharmaceutical Group Co., Ltd., you should at once hand this circular together with the proxy form to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. SHENZHEN HEPALINK PHARMACEUTICAL GROUP CO., LTD. (深圳市海普瑞藥業集團股份有限公司) (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 9989) RE-ELECTION OF DIRECTORS OF THE FIFTH SESSION OF THE BOARD RE-ELECTION OF SUPERVISORS OF THE FIFTH SESSION OF THE SUPERVISORY COMMITTEE REMUNERATION OF INDEPENDENT NON-EXECUTIVE DIRECTORS OF THE FIFTH SESSION OF THE BOARD CREDIT LINE APPLICATION AND PROVISION OF GUARANTEE AMENDMENT OF THE ARTICLES OF ASSOCIATION AND NOTICE OF THE 2020 THIRD EXTRAORDINARY GENERAL MEETING A letter from the Board is set out on pages 3 to 10 of this circular.
    [Show full text]
  • Venture Capital Report
    Venture Capital Report China | 2 Q | 2018 VENTURE CAPITAL REPORT VENTURE CAPITAL REPORT The following report presents Dow Jones VentureSource’s quarterly findings for Chinese venture capital fundraising, investment, valuation, and liquidity. The included charts and graphs offer a comprehensive view of the trends currently affecting the venture capital market. Highlights for 2Q 2018 include: • China venture capital fundraising increased, both in capital raised and the number of funds; • Capital flowed into venture-backed Chinese companies reached a fresh record; • Amount collected through mergers and acquisitions (M&As) climbed significantly; • The transaction number via initial public offerings (IPOs) climbed, while the money raised declined. VENTURE CAPITAL REPORT 2 CHINESE VENTURE CAPITAL FUNDRAISING IMPROVED IN 2Q 2018 FUNDRAISING Chinese VC Fundraising (2015–2018) In 2Q 2018, 12 Chinese venture funds collected $2.53 billion. Based on multiple closings 25 $6.00 The capital raised is more than five times as many as the amount collected in the prior quarter, and the number of $5.00 funds is more than doubled. 20 In comparison to the same period last year, amount raised $4.00 increased by 5%, while deal number dropped by 20%. 15 $3.00 • Qiming Venture USD Fund VI LP was the largest Chinese venture fund in 2Q 2018, raising $935 million and 10 $2.00 representing a 37% of the total amount raised in venture capital funds during the quarter. 5 $1.00 0 $0.00 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 Amount
    [Show full text]