www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Innovation Works' arm targets listing on Third Board

(Agencies) Updated: 2015-11-19 07:46

Innovation Works' arm targets listing on Third Board

Former China head of Google Inc Kai-Fu Lee at his Innovation Works in Beijing. He is planning an initial public offering at his venture firm. [Photo provided to China Daily]

Kai-Fu Lee, the former China head of Google Inc, is planning an initial public offering at his venture firm, with a portfolio of hundreds of companies valued at more than $2 billion.

His startup incubator, Innovation Works, is seeking to list its business management arm on China's over-the-counter market, known as the Third Board, according to regulatory filings. Dubbed the "godfather" of China's angel investing, Lee's Innovation Works has $500 million in assets under management, according to its website.

The firm has backed 200 companies, with the top 20 performers worth more than $100 million each, according to the filings. The 195-page document does not break down Lee's exact holdings or disclose specific company valuations.

Among the better known investments is Meitu, makers of the second, third and fourth most popular photo apps for the iPhone in China in November, according to App Annie, a mobile software tracker. Innovation Works also backed the Q&A site Zhihu.com, robot-maker Ainemo Inc and mobile app search engine Wandoujia, which secured an additional $120 million in a round led by Japan's SoftBank Group Corp.

Innovation Works is similar to Y Combinator Inc, the American incubator that raised $700 million earlier this year and has invested in companies that were worth more than $20 billion. There is no time frame on the listing of the unit of Innovation Works, but offerings typically start six months after filing with the OTC market.

The proposed listing comes as venture capital investments in China are on the rise and risks from overheating have emerged. The value of venture deals in China surged to $28.6 billion during the first nine months of the year, according to Preqin Ltd. Despite a sharp drop in share prices this summer, investor confidence has returned to the tech sector in China. Prices on the ChiNext board are up 85 percent so far this year, and shares are trading at 78 times earnings.

Lee, who declined to comment, does not own shares in the part of the company that will list, but is contractually entitled to 20 percent of any of its profits, according to the filing.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美专区在线视频 | 国产欧美日韩在线观看 | 国产精品亚洲欧美一级久久精品 | 欧美精品束缚一区二区三区 | 久久91综合国产91久久精品 | 免费看欧美一级特黄a毛片 免费看片aⅴ免费大片 | 久在草| 久久w5ww成w人免费不卡 | 欧美一级一极性活片免费观看 | 日本又黄又爽又免费 | 九九视频免费精品视频免费 | 在线国产毛片 | 国产一区亚洲二区三区毛片 | 国产一区二区三区四区在线观看 | 亚洲三级理论 | 成人91| 欧美激情欧美狂野欧美精品免费 | 狼人 成人 综合 亚洲 | 日韩精品视频一区二区三区 | 日韩专区亚洲精品欧美专区 | 亚洲精品视频在线观看免费 | 国产激情视频在线 | 久久国产午夜精品理论片34页 | 亚洲欧洲日韩综合色天使不卡 | 亚洲 欧美 日韩中文字幕一区二区 | 欧美激情精品久久久久久久久久 | 日本人的色道免费网站 | 日韩国产欧美成人一区二区影院 | 国产精品精品国产一区二区 | 欧美a欧美 | 久久久久久福利 | 欧美日韩一区二区三区免费不卡 | 萌白酱喷水福利视频在线 | 久久国产免费观看 | 欧美一级特黄aa大片 | 手机毛片 | 亚洲欧美综合国产不卡 | 欧美日韩一级二级三级 | 国产成人精品微拍视频 | 久草资源福利 | 嫩草影院ncyy在线观看 |