OVERVIEW
01

Established in 2015, Hundreds Capital is now managing several RMB funds and USD funds, with over CNY 10b AUM, focusing on innovative growth-stage companies with operations in China or related to China. The company is a qualified member of the China Securities Investment Fund Industry Association, with the member code: GC190030107. Hundreds Capital was rewarded as“Top 30 New VC/PE Firms of the Year 2017”in China Venture Capital & Private Equity Annual Ranking 2017 organized by Zero2IPO. 

We focus on emerging technologies such as Internet, Mobile Gaming, Electric Vehicles, Artificial Intelligence, Edtech and Healthcare, etc.  Hundreds Capital has invested in Meituan Dianping, Tencent Music, BAIC BJEV, Supercell, MOBIKE, RUSTON and so on since inception. Hundred Capital is devoted to optimizing allocation of social resources and helping in transform and upgrade of China's economy, using the power of financial capital and intellectual capital.




02

Members of management team have rich experience in investment and project management and operation with top-tier colleges and universities education background. Members are not only able to make market timing rationally and identify industry trend, but also strive to work with entrepreneurs, making breakthrough progress and explore growth potential. 
Our strategic partners include Tencent, CICC, China Merchants Bank, CITIC, Anta Capital and other well-known investment institutions. We established an in-depth cooperative relationship with our partners in compreshensive aspects; We will maintain long-term relationship with first-class investment institutions and continue enhancing our investment ability.

03

We set up an independent compliance department and built up a thorough investment procedure control policy. We strictly comply with the provisions of the Asset Management Association of China.  All funds are registered in and supervised by qualified third party custodians to ensure the safety of investors’ assets. We are committed to building a win-win platform for investors, enterprises and employees, encouraging all parties to participate and share the opportunities.

TEAM
CULTURE

Mission

With the support of capital and management, we help to promote growth and innovation of portfolio companies, maximise values of investors, optimize social resources allocation and enhance China's economic transformation and upgrading.

Corporate Core Value

Vision

Insight to foresight, all about excellence. We strive to become one of the most valuable and highly respected top tier investment company in China.
APPROACH
01 Comprehensive Investment Process Management Democ

Company has strict control over the project selection and investment decision making. The Investment Committee is responsible for company’s investment decision-making, which adopts democratic voting mechanism.






02 Thorough project screening methodology
Hundreds Capital built up a thorough project screening procedure, to ensure that each investment project is fully assessed. Projects  are sourced from active searching or recommendation internally or externally.  Investment managers assess projects initially from aspects of several dimensions which involve sector/industry, investment scale, development stage, core competitiveness, management team, geographical factors, etc. Projects which meet the standard of company investment direction will be added into company’s preliminary project pool.
03 Three-level review system

Company investment decisions need to be assessed by three-level review system which includes Project Establishment, Project Preliminary Review and Project Final Review. Project managers normally collect information through internet and social connection to evaluate growth capacity, industry status and other basic conditions to generate project establishment report for investment committee. IC will make decision in the project establishment meeting.


04 Project Establishment

The project team is set up when the project is added into the preliminary pool. The team is responsible for preliminary analysis and should determine whether the project is applicable in two weeks. The approved project report should be submitted to the Investment Committee for review.






05 Project preliminary review

The investment department will send a preliminary due diligence checklist to the targeted company and arrange a preliminary due diligence after the project is established. The project preliminary review will determine whether the projects should be followed based on the preliminary due diligence.






06 Project final review

Further due diligence will be arranged after the project preliminary review is passed. The further due diligence report and investment proposal will be submitted to Investment Committee. Investment Committee will hold a project final review meeting to decide whether the final investment should be made. The project will be added into the investment project pool after it passes the project final review.




Company Address: 4th Floor, Chenyun Building, #8 Beichen Road, Chaoyang District, Beijing, China     Tel: 010-84983701

Company email: info@hundredscapital.com     Post code: 100101

弘卓资本版权所有©2017 京ICP备17055560号

He Yanqing Founding Partner, Chairman

Mr. He holds a bachelor's degree in economics, a master's degree in management, a doctor's degree in management from Guanghua School of Management, Peking University.

Mr. He is one of the first experts in China's management consulting. In 1996, he co-founded AllPKU management consulting group, the management consulting company of Peking University. He led and participated in several consulting projects in the area of Enterprise Strategy, marketing , HR for clients including TCL group, Samsung, Shenzhen Konka and other famous enterprises.

Mr. He is also a pioneer of Internet entrepreneurs in China. In 1998, he founded PKUBIZ, on-line business network of Peking University . PKUBIZ's valuation reached more than 1 billion CNY in less than 3 yrs. Then PKUBIZ was listed on the Hong Kong Exchange.

In 2011, Mr. He served as human resource manager in China Investment Corporation (CIC). He took three years to establish "Responsibility, Synergy, Professionalism and Aspiration" as the core values of CIC and published “CIC Culture Consensus”.

In 2015, Mr. He founded Hundreds Capital. Current AUM of Hundreds Capital is nearly 10 billion CNY. The company successfully invested in BAIC BJEV, Supercell, Mobike and many outstanding enterprises. Hundreds Capital is the largest non-SOE shareholder of BAIC BJEV and one of the leading investors of syndicated acquisition of Supercell led by Tencent.

With solid academic knowledge and rich practical experience , Mr. He does not only have profound understanding of the strategic enterprise management but also keen insight into the development of the industry & macro economy. Therefore, Hundreds Capital can make an accurate assessment on the founding team of the start-ups; On the other hand, Hundreds Capital will provide practical and valuable suggestion about vital decision making at critical juncture of the development of the start-ups we invested.

Zhang Xuemin Founding Partner

Mr. Zhang served at the finance Bureau of the PLA General Armament as the chief coordinator of domestic and foreign commercial satellite launch projects. Then he served as investment MD of Beijing Science Parks Development Co., Ltd, executive director of Taiji Fanghua System Engineering Company and Chairman of Beijing Hongyi Huijin Investment Management Company.

Mr. Zhang has rich investment experiences in real estate, communication, electronics, engineering construction management and financial investment sectors. 

Huang Wei Managing Partner

Mr. Huang was a former staff of CNOOC, WANDA Group and The Grandma's, as financial manager, financial director and director of risk control. Mr. Huang has rich work experience in financial management, internal control and IPO planning. He fully participated in many investment projects. With deep understanding of investment risk control and post-investment management, he focuses on mitigating investment risk for investors and help on operational compliance and asset value maximization of portfolio companies. 

Zhou Hao Managing Partner

Mr. Zhou graduated from Guanghua school of management, Peking university. With over 14 years' experience in the industry, Mr. Zhou founded and managed several private equity investment funds, including Hao Fund I and II, Zhangjiang Haokai investment fund, Phoenix International media fund.


With rich experiences in TMT, Health care, Consumption and Manufacturing industries, Mr. Zhou played a leading role in the following deals in Buchang Pharma(603858), Wanchun(BYSI), Hi Sun Tech(HK0818), PAX(HK0327), ZDWT, etc.

Yu Ben Managing Partner

Mr. Yu worked in China Equity Group, CICC and Ernst & Young China as investment deputy director, consumer sector analyst and senior auditor.
He has rich experience in private equity and public stock market, in terms of fund management, sector research, project screening, compnay valuation and financial analysis.  He holds Qualified Chinese Certified Public Accountant (CICPA).


In August 2015, Hundreds Capital invested in Enjoy Piano and became the company's third largest shareholder.

Enjoy Piano is a leading Internet bases education service provider. Establish by Alfred, the world's first music education publishing brand the United States. Being the only one music training center authorized by the largest China music publishing brand, Enjoy Piano focused on the piano education for 3-14 years old children and is among the “Top Ten influential education brands in China”.

With the rapid development of the company, the current registered number of students exceeds 4000 and the number of offline stores in Hangzhou and Shanghai is increasing significantly.

The company online music education platform that integrates teaching, quality management, teacher training and certification services, which enables kids, parents, teachers and business partners have access to a better user experiences. Enjoy Piano accumulated educational practice for over 5 years and developed a set of scientific teaching system, which is the key advantage of the company.


In October 2015, Hundreds Capital invested over CNY 10m in Ruston Express and became the company's third largest shareholder.

Ruston Express is the largest Sino-Russian logistics provider in China with four operational platforms - Logistics, E-commerce, Talent Incubation and Technology. The company builds its ecosystem on the Internet+ business model, focusing on warehousing, supply chain, and B2B E-commerce services.

From three consecutive years from 2014 to 2016, Ruston Express ranked No.1 in the Russian cross-border logistics industry, with a market share of 12.6%. Ruston Express is the largest online Sino Russian trade logistics provider on AliExpress, covering over 25% Russian internet users. Ruston Express has won the title “E-commerce Model Enterprise of 2015” awarded by the Ministry of Commerce of China.

Ruston Express has freight houses in Harbin, Suifenhe, Guangzhou, Shenzhen, Shanghai, Beijing, Hangzhou, and Yiwu, averaging over 50,000 daily shipments. The logistics and warehouse management system enables Ruston’s industry-first real-time delivery tracking capabilities.

In May 2016, Ruston Express entered into a strategic partnership with Oborot.ru, Russia's largest E-commerce platform, with the goal of providing an all-encompassing marketing solution for Chinese brands in Russia.


Hundreds Capital and Tencent jointly participated in Howbuy's C round funding in January 2016;
Howbuy is one of the best financial products trading platforms for the individual customers and the leading fund research institutions in China;
Howbuy owns the first batch of independent fund sales license issued by the China Securities Regulatory Commission and it is the first independent wealth management company listed in over-the-counter market;
Howbuy provides one-stop asset allocation and purchases of financial products solutions for more than 10 million investors.
Tencent financial and optional stock business  provide a huge flow to Howbuy;
Tencent helps Howbuy make development strategies in order to increase its market share; 

Tencent provides Howbuy a series of professional management services to enhance the its overall operational efficiency.


In February 2016, Hundreds capital invested in ZANADU’s Series A financing.

Zanadu is the leading high-end travel agency. There has millions of reading and rewiews through its Travel Life Magazine, WeChat public number, Travel Videos &Films. From 2014 to 2017, company was listed as "TOP 12 Great Luxury Travel Agency In China". From 2016 to 2017, Zanadu has won the most popular high-end luxury travel agency award by Condé Nast Traveler.

Zanadu’s travel products line includes Independent Journeys, Oversea travel, Luxury Cruises, Private Villas, Hotel & Resort Collections, Domestic Vacation Packages, Customized services etc. Each product has been fully selected and designed to meet the high standards needs of their customers.

Zanadu developed a product with 360°virtual reality travel experience. It won the best VR film award by HTC Vive. Company’s VR Video channel has cooperated  with Tencent and Youku with the total volume of 5 million play times while its APP “Travelling VR” has been downloaded 100 thousand times in a year.


In March 2016, Hundreds Capital invested in BAIC BJEV’s Series A financing.
The company’s main operation is in the R&D, production, sales and service of electric vehicles and the major components. The company was issued China’s first electric vehicle manufacturing license, and is one of the very few companies in China with intellectual property in the batteries, drive and electric control of electric vehicles.  
The company sold over 52,452 EVs in 2016, an 149% increase over 2015 sales. The BAIC EV Series ranked No.10 and the EU260 model ranked No.11 globally in terms of sales. The company aspires to be the largest EV company in China.

The company is R&D focused with over CNY 1b investment and over 1000 engineers in 15 R&D specializations.


In June 2016, Hundreds Capital invested several millions CNY in private placement of HIUV Materials Technology on the Agency Share Transfer System.
Shanghai HIUV New Materials Co., Ltd. is a high-tech thin-film technology enterprise focusing on the R&D and manufacturing of new thin-film materials, and is committed to providing high-end thin-film products, technical support and system solutions for customers in multiple industries. HIUV’s high quality anti-PID EVA film is the top performing product in the industry, and its PVDF film production technology is one of the best in China.
With its cutting-edge technology, HIUV plans to expand horizontally into other industries that would benefit from the thin-film technology, and to become a versatile thin-film provider in industries including new energy, foodstuffs, healthcare, electronics, and military. HIUV entered into the food packaging business by acquiring 75% stake in Barrier pack Co., Ltd.
HIUV has won the “small giant” award and has been recognized as a high-tech enterprise for six consecutive years. Mr. Min Li, the CEO of the company, was elected as member of “Shanghai leadership training program” in 2016.

In May 2015, the company was formally listed on Agency Share Transfer System, and in October 2016 submitted the listing guidance materials to Shanghai Securities Regulatory Bureau in attempt to be listed on the Shanghai Exchange. 


In August 2016, Hundreds Capital invested millions of RMB in Beijing E-JiaJie’s private placement on the Agency Share Transfer System.
The company is a leading housekeeping service provider which focus on cleaning and other service markets . The company’s technology based on LBS enables the customers to find the housekeeper easily through the APP. The current business covers daily cleaning, office cleaning and other services around 24 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Nanjing and so on.

In terms of the business model, E-JiaJie built the membership system, with top-up membership card and payment charge by times. In short, the company integrates the online information and offline resources to provide a better services for customers. The company owns WeChat public accounts and has reached strategic cooperation agreement with the AMAP, a leading map provider in China. 


In October 2016, Hundreds Capital participated in the Tencent-led consortium in order to acquire the equity of Supercell through Hong Kong's HundredsCell which became the Second largest general shareholder of the Supercell.
Supercell is a leading mobile gaming company in the world. The company launched 4 popular games: Clash of Clans, Boom Beach, Hay Day and Clash Royale. The company had 100 million daily active users and achieved USD 2.6b revenue and USD 1.2b EBITDA (non-GAAP) in 2016.
Supercell enjoys worldwide reputation and influence in the mobile gaming industry. The games of the company have high numbers of active users, long lifecycle and high profitability.

Healthy cash-flow: The company greatly reduced capital expenditure and operating costs. The company's free cashflow to sales is over 40%, which is much higher than industry average.


In November 2016, Hundreds Capital invested several millions CNY to Heeking Entertainment.
Founded in 2014, Heeking Entertainment is a high quality mobile gaming developer and interactive entertainment content provider. The company achieves leading picturing and technology quality in the development of Dark action games. The mobile game developed by company is accepted by the first tier game publishers, such as Tencent and Baidu.

Members of development team served at Shanda, Xishan,zeus interactive, 6Waves and other domestic and foreign first tier game developers before and have rich experience in product development. The first mobile game of the company "dark century" is expected to be officially launched in March 2018.


In January 2017, Hundreds Capital participated in Mobike’s Series D financing.

Mobike provides internet solutions for short-distance travelling and creates station-less bicycle-sharing system. Users can enjoy the whole service from registration to payment through its app.

Mobike complies with China's green travel concept and has reached deep cooperation with local governments in cities it has business. Mobike bicycles have become a significant entrance of data flow and payment for its convenient mobile payment and daily high-frequency use.
According to QuestMobile, Mobike has been used 1.09 billion times in September 2017, outnumbering OFO’s 680 million by 60%. Daily use of Mobike amounts to 36.26 million times, outnumbering OFO’s 22.8 million by 59%.

Mobike has 27.98 million weekly active users and more than 30 million daily orders in the first week of October 2017, becoming an indispensable travel mode for daily life.


In June 2017, Hundreds Capital finished investment in Mobike’s Series E financing.

Mobike provides internet solutions for short-distance travelling and creates station-less bicycle-sharing system. Users can enjoy the whole service from registration to payment through its app.

Mobike complies with China's green travel concept and has reached deep cooperation with local governments in cities it has business. Mobike bicycles have become a significant entrance of data flow and payment for its convenient mobile payment and daily high-frequency use.
According to QuestMobile, Mobike has been used 1.09 billion times in September 2017, outnumbering OFO’s 680 million by 60%. Daily use of Mobike amounts to 36.26 million times, outnumbering OFO’s 22.8 million by 59%.
Mobike has 27.98 million weekly active users and more than 30 million daily orders in the first week of October 2017, becoming an indispensable travel mode for daily life.


In June 2017, Hundreds Capital invested more than 1 billion Yuan in BAIC BJEV’s Series B financing through New Energy Automobile Industry Fund.
The company’s main operation is in the R&D, production, sales and service of electric vehicles and the major components. The company was issued China’s first electric vehicle manufacturing license, and is one of the very few companies in China with intellectual property in the batteries, drive and electric control of electric vehicles.  
The company sold over 52,452 EVs in 2016, an 149% increase over 2015 sales. The BAIC EV Series ranked No.10 and the EU260 model ranked No.11 globally in terms of sales. The company aspires to be the largest EV company in China.

The company is R&D focused with over CNY 1b investment and over 1000 engineers in 15 R&D specializations.


In June 2017, Hundreds Capital and its affiliate invested over CNY 10m in Hunan Shuo Pu new materials Co., Ltd..

Shuo Pu New Materials is located in Changsha High-tech Zone, covers an area of 220 acres. The company plans to build eight wet membrane production lines and 20 ceramic membrane coating lines which aims to achieve an annual output of 400 million square meters power lithium battery separator.
Shuo Pu New Materials focus on the research and development in the field of battery and the core components of electric vehicles, aiming at development of the new energy automotive industry. The company has expended its business in the advanced battery separator field and has build a solid team from domestic and foreign experts  in order to break the monopoly created by Japan, the United States and South Korea in the field.

The company has a number of independent intellectual property rights. The main products are high-end wet PE diaphragm and ceramic coating diaphragm. with excellent performance in high temperature .


In October 2017, Hundreds Capital and Zhongguancun Life Science Park jointly launched the Zhongguancun Life Science Park Industrial Investment Fund with the  scale of CNY 500 million. 
The Zhongguancun Life Science Park Industrial Investment Fund focus on the investment of MedTech start-ups. The fund will assist the high-quality enterprises to achieve the rapid and consistent growth and achieve investment return for the investors. 

Zhongguancun Life Science Park has a rich resources with 400 companies and institutions, 8 national engineering research centers and laboratories, 9 post-doctoral workstations, 2 academician workstations and 7 provincial-level research development center which totally have 2207 intellectual property rights. The park has 40 companies with a great value for investment which accounts for 10% of the total  enterprises.


We invested in preferred C shares of Meituandianping in Oct 2017.
Meituan started as the Groupon of China, offering heavily discouted deals to subscribers, and later pivoted to be an O2O platform with diversified service offerings to consumers. In 2015 Meituan merged with its competitor Dazhong Dianping.
Dazhong Dianping focuses on content, service and discounts, using high-frequency markets such as restauration to attract clients for low-frequency markets such as beauty and wedding services.
Meituan focuses on transactions, using its T-strategy, that is using group-buy to attract clients in the hospitality market.

The two companies has strong synergies from the merger.


In December 2017, Hundreds Capital invested over 100 million yuan in Farasis Technology and kept on expanding the portfolio in the new energy vehicle industry.
Farasis Technology is one of the top Lithium-ion Power Battery design and manufacturing companies. The company focuses on Lithium-ion Power Battery for more than 14 years with over 100 million kilometers of road test to validate the technology and product. The company is led by senior experts with outstanding industry reputation and has more than 300 R & D engineers in the Silicon Valley and in China, the power density of the company's battery products is in the leading position globally. The company's battery technology is appreciated by the international top sports car brand Venturi, and is the only Chinese brand showed in FIA electric equation competition.
The Ganzhou production site owns production capacity of 5GWH/ year; In September 2017, Farasis Technology ,BAIC Group and Beijing Shunyi District people's Government reached a strategic partnership, showing the willingness to build a new battery R & D and manufacturing site with annual production capacity of 8GWH jointly; Zhouzhou production site with annual capacity of 8GWH has officially started recently .

In August 2016, Prime Minister Li Keqiang visited Farasis Technology and highly remarked the products and manufacturers customized model of the company. In August 2017, the new intelligent factory of new energy vehicle lithium ion power battery was selected as 2017 Integrated standardization of intelligent manufacturing and new model application project by the Ministry of industry and information.

 

In January 2018, Hundreds Capital participated in series Pre-IPO rounds financing of Tencent Music Entertainment Group; TME is the largest online music entertanment platform in China, operating the top four music mobile apps (QQ music, Kugou, Kuwo and WeSing). Its main businesses include online digital music, mobile online Karaoke, online music live show, online music copyright operations, online advertising and other music derivative businesses. With 80% music market share and 800 million DAU, TME is in the first place of the Chinese music market. TME had over 20 million tracks licensed from over 200 domestic and international music labels; TME realized over 11 billion RMB revenue and 1.3 billion RMB profit in 2017. TME planned to list on the Nasdaq in late 2018.




In May 2018, Hundreds Capital invested over 100 million yuan in Farasis Technology and kept on expanding the portfolio in the new energy vehicle industry.
Farasis Technology is one of the top Lithium-ion Power Battery design and manufacturing companies. The company focuses on Lithium-ion Power Battery for more than 14 years with over 100 million kilometers of road test to validate the technology and product. The company is led by senior experts with outstanding industry reputation and has more than 300 R & D engineers in the Silicon Valley and in China, the power density of the company's battery products is in the leading position globally. The company's battery technology is appreciated by the international top sports car brand Venturi, and is the only Chinese brand showed in FIA electric equation competition.
The Ganzhou production site owns production capacity of 5GWH/ year; In September 2017, Farasis Technology ,BAIC Group and Beijing Shunyi District people's Government reached a strategic partnership, showing the willingness to build a new battery R & D and manufacturing site with annual production capacity of 8GWH jointly; Zhouzhou production site with annual capacity of 8GWH has officially started recently .

In August 2016, Prime Minister Li Keqiang visited Farasis Technology and highly remarked the products and manufacturers customized model of the company. In August 2017, the new intelligent factory of new energy vehicle lithium ion power battery was selected as 2017 Integrated standardization of intelligent manufacturing and new model application project by the Ministry of industry and information.


In May 2018, Hundreds Capital participated in series B3 round financing of Qutoutiao. On September 14th, 2018, the company was successfully listed on the NASDAQ, raising $84 million USD. Qutoutiao is a new-generation of content platform that enables people to enjoy unique content powered by AI technology, cloud computing and bidding data. Qutoutiao was founded in 2016 by TAN Siliang, ex- team leader from the advertising department of Shanda Games. In August 2018, the company's cumulative installed users reached 154 million; MAU was nearly 48.8 million; Average DAU was nearly 17.1 million; Company 's average browsing time per DAU was about 55.6 minutes; User penetration rate reached 4.16%. In the first half of 2018, the company's revenue reached 718 million yuan, representing 5.7 times increase yoy.