Professional Documents
Culture Documents
Investment in China
中国的私募股权投资
Walter Huang
黄伟庆
January 19, 2006
PE vs. VC
私募股权投资与创业投资
Lack of Management
实施。同时,11号文和29
号文同时停止执行。
Talents 缺乏管理人才 China Securities Regulatory
No knowledge about capital Commission (CSRC) “No
market Comment letter”
不懂资本市场 中国证监会“无异议函” (
No Vision
缺乏战略眼光
韩国NHN
韩国NHN集团
NHN集团 SeaRainbow Holdings
$58m
海虹海外 100%
SeaRainbow
$42m Overseas
Founders
$20m loan 鲍岳桥
within 3 yr Founder: Mr. Bo 王建华 创始人
2千万贷款 Founder: Mr. Wang 简晶 79%
79%
29% 50% Founder: Mr. Jian
29% + 50%
7% 7% 7%
7% 7% 7%
50% Transfer to
50% 21%
21% 21%
转让
运营协议 21%
Operation
Agreement
OurGame OurGame.com
100% WFOE
Assets Ltd. All profit 联众公司
所有利润
Starbucks
Beijing Meida Coffee Int'l Inc.
45%
Beijing Capital Coffee Co. (98/9)
5%
United Stores 50%
a joint venture
Shanghai
President Coffie
President Coffie
7-Eleven, Inc. Corp. (97/9)
Corp. (00/5)
Beijing
Shanghai Taiwan
Mei-Xin
(International)
Ltd
Southern China
Hong Kong
Walter Huang
黄伟庆
http://www.HeraclesInvestment.com/