Orchid Asia's Gabriel Li on China Investments
Filed in archive Venture Capital by james on February 14, 2006

His bullish attitude about China's venture capital future and the advent of more Chinese-style entrepreneurialism is fueled by his fund's earlier successful first round investment in Ctrip.com International (Nasdaq:CTRIP), a leading travel service provider
specialized in discounted air ticket and hotel reservation
in China, which returned over 20 times the initial investment. Orchid Asia also invested in the first round of Eachnet, the largest online acuction company in China, which wassubsequently sold to eBay (Nasdaq: Ebay for about 5 times return.
" The Chinese government is committed to attracting more capital and stimulating growth and supporting more management expertise," stated Li in a telephone interview.
Li indicated that Orchid Asia's investment strategy includes seeking a Chinese company with at least a two -year operating history with excellent management already in place. Their typical initial investment is about $5 million with up to $15 million for the completed life cycle of that single investment.
Li's confidence in China's new enterprise development is tempered with a realistic assessment that some key industries like media, and telecoms will be slow in opening up to private equity opportunities for awhile longer.
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