Saif Partners Picks China TV Home-Shopping Network as the Next Big IPO

Filed in archive Private Equity on August 15, 2005

Daniel Yang, a partner of SAIF Partners, the most active venture capital firm in China in 2004, displays only confidence about the investment climate in the country.

The fund's $35 million investment in Acorn International, illustrates Saif's home-run appeal to global investors. Acorn is the largest TV home shopping network in China.The venture partners predict that TV home shopping is projected to gross close to $2 billion by 2008, and Acorn remains China's market leader.

The Hong Kong-based venture firm has already brought its blue-chip institutional investors enviable returns averaging nearly 97 percent over the past three years, according to the South China Post. No doubt this stellar track record helped secure another investment pool of nearly $643 million for their second technology fund.

The fund's key investors are Cisco Systems Inc., Princeton University and the Rockefeller Foundation.

SAIF managing partner Andrew Yan explains the venture capital firm's investment philosophy and how it plans to spend the US$643 million it raised for its technology fund in a recent
podcast located at the SCMP.

It appears to be a real safe bet to follow closely SAIF's investments over the next year in China.