SAN January 25 pm news, Yun Feng, co-founder and Chairman of the Fund Yu Feng, said in an interview with Reuters, the cloud front fund the first phase of fund raising totaled about 100 billion yuan (including two funds of RMB and U.S. dollars), Tencent Holdings is the company financed the first phase of the fund one of the parties, and the Internet, consumer goods and new energy is a major investment in this fund future direction.
Yun Feng dollar and the RMB funds with two parallel funds for investment projects in the choice of more space, and worth about 100 billion yuan in funds, the dollar and the RMB funds about half and half . Yu Feng, said a conservative estimate, the first round of funds will be completely cast in the 3-4 years, and Yun Feng, the main areas of investment funds, in fact, this is the most enthusiastic about a number of investment funds industry. China's economy is due to domestic demand from the export-driven transition, with urbanization, the population of 1.3 billion market for the rapid development of enterprise space. At the same time, increased economic development, environmental pollution, the government increasingly greater environmental protection, efforts to support the clean energy industry.
Yun Feng, the first phase of the Fund's investment side are from China. Yu Feng, said the next new one will be raising funds to open to overseas investment institutions and entrepreneurs. To more easily invest in some of the restrictions on foreign investment into the industry, two major U.S. PE giant - Carlyle Group and Blackstone Group (Blackstone) have both announced the establishment of the RMB funds in China.
Last year, China's State Council explicitly saving and environmental protection, a new generation of information technology and new energy into the seven strategic emerging industries, and encourage the development of venture capital and equity investment funds. With China emerging industries at the national level, strategic positioning on the establishment of institutional investors unprecedented enthusiasm. Qing dynasties Research Center data show that China's venture capital market in 2010 raising, investment, exit were a record high. Foreign VC funds raised a total of 158 new, which can be invested in new capital in China was 11.169 billion U.S. dollars amount.
future consideration holdings Sogou
since its establishment in April of last year, the cloud front disclosed only two investment funds, including the large-scale live performance series, and joint Sogou Alibaba Group acquired 16% stake in the company. Internet search business to one of the main Sogou Sohu spun off last year from Sohu holds 68% of the shares.
Yu Feng, said that the future search dogs may be considered overweight. > Search dogs currently in the Chinese Internet search market share is still low (about 1%), but optimistic about the search dogs Yu Feng technology and market resources, is optimistic about its growth potential.
in the global search giant Google, after leaving the mainland of China, had the top spot in the long sit tight in the local market share, Baidu continues to rise. According to market consulting firm Analysys International data, 4Q 2010 75.5% market share in Baidu, Google declined to 19.6%.
analysts believe that, Sohu, Tencent, Baidu, etc. to break a dominant situation, the formation of the new market equilibrium is still some time away.
team star luxury entrepreneurs investment team
cloud front fund the two founders of the company (Alibaba Chairman Jack Ma and Yu Feng, founder of Target Media) in the name of the take the word derived from, the company is headquartered in Shanghai, in Hong Kong, Beijing, Hangzhou offices.
sponsor of the fund business in China today there are more than a dozen well-known entrepreneurs, including the chairman of the giant network Shi Yuzhu, New Hope Group chairman Liu Yonghao, Focus Media Chairman of the Board Jason Jiang, Intime Investment Chairman Shen Jun, Chen Yihong, chairman of the Chinese and other trends. And Tencent different, most of them in their personal capacities cloud front funds.
Yu Feng as the founder President of the Ren Yunfeng Fund, the full-time day to day operations of the Fund. Since the gathering after the acquisition by Focus Media, Yu Feng, doing most of the time is spent on investment, he gave the identity of individual investors, Huayi Brothers, the Shanghai Electric Group and broadcasting companies such as EMC floor equity investment profitable.
Although the cloud front investment fund sponsors and everyone for the Chinese business leaders in many fields, but the outside world still can not help wondering: this scenery can be unlimited?
Yu Feng admitted that private equity is a high risk industry, no one was difficult to accurately predict future return on investment, but the advantage of the cloud front the majority of investors have the experience, but also There is VC / PE investment experience, in addition to funds, but also the enterprise strategy, market development and corporate governance help.
(Irwin)
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