Shong Pioneers:'s career has knowledge venture

Ranking reason Shong known as "the introduction of high-tech industry in China venture fund's first people." IDGVC his leadership the company invested in China, Sohu, Baidu, Tencent, Ctrip, Home and Dangdang as many as 200 other companies, including software, Internet, telecommunications and the Hotels And so on. Successful investment, not only led to a number of Chinese companies went overseas listing, "stimulate" the more foreign investment pour into China, looking for investment projects. In addition, IDG company involved in media publishing, research and other industries, the rapid and steady development of China's media has also accelerated the side of progress in the field.


Shong volume to create the Chinese concept stocks
Shong: "IDG chairman, Mr. McGovern gave us full confidence, let us play slowly in China, we are gradually exploring out Road."


Myth of China's wealth, mostly from high-tech industry, many of these achievements in science and technology behind high-tech tycoons, in hiding called IDG (International Data Group) role. In the United States is satisfied only Chinese city of more than 20 stocks in more than half had received venture capital in this sector. The IDG create a manipulator of Chinese stocks is from the news I switch to Shong.


"Now we invested enterprises have 14 listed, and this year will definitely have a new public company." February 9, Shong told reporters. But I can not confirm that the listing will be found room, and Down NEW YORK, or Other In IDG name of a listed company not unusual potential. Substitute battle lay


VC Shong's famous because he was in China 10 years of venture capital career. But the early years, Shong switched into IDG's when he spotted the huge media IDG publishing industry. But ultimately the main work and venture capital to pull up the relationship, which he had himself a bit surprised.


"1993 years, that is, two years after I joined IDG, IDG began to prepare large-scale investment in China and established an investment fund, at the beginning, I helped the boss in the U.S., Hong Kong, Mainland interviews everywhere, looking for someone But I could not find suitable candidates, understand the Chinese point of VC's do not understand, do not know about China's basic investment style, not to mention the 'years of investment experience' of people had. "


As in the United States as the author when Shong has interviewed a large number of wind investment institutions, fairly certain about this industry, one to two to go, the boss let Shong altogether responsible for this business. "I feel this is a Kaopu things." For this role, Shong some guilty conscience, especially since I had always belong to liberal arts majors to learn, understand the technology, and venture capital contacts mostly high-tech industries. Therefore, Shong eyes first comprehensive eyeing his longtime friend, a science and engineering doctorates, several days "with Mongolia with fraud," he drew the same boat.


1993 , IDG China's first investment fund "Pacific Technology Venture Investment (China) Fund" (later renamed the "IDG Technology Venture Investment Fund") was established scale of 20 million dollars of funds, with Shong His team began the story of IDG's investment in China.


Years later, with the one-China concept stocks landing the U.S. stock market, IDG's investment in China, gained more and more recognition, Shong often invited on stage by their foreign counterparts to report that his conclusion is very simple : in the mountains tiger, monkey king!

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