China’s capital market changes are in the right direction: Wenlu Ying, Addor Capital

Early-stage venture capital firm Addor Capital that invests across a gamut of ‘new technology’ sectors is looking to foray beyond the boundaries of China.

“We have established an asset investment and management subsidiary in Hong Kong in bid to buy out valuable assets in foreign countries,” said its chairman Wenlu Ying in an interview with DealStreetAsia.

The firm recently closed a fund with a corpus of 5 billion yuan ($707 million) for its sub-funds, which comprise fund-of-funds (FoF), venture capital funds, regional funds, overseas merger & acquisition funds.

“To invest in new technology is Addor’s DNA. We have always been investing in companies with proprietary technologies and products. In addition, we also keep an eye on tech-led applications in industries,” said Ying.

Since its inception in 2014, Addor Capital has established six departments to execute investments in clean energy, healthcare, new materials, advanced manufacturing, consumption, culture, and TMT.

Going forward, exits for risk capital investors may become easier, said Ying. “The reforms of listing regulation for ChiNext board and STAR Market will pivot the national economy. Not only will new technologies and industries emerge with the help of capital, but also Chinese VCs’ exit will be much smoother.”

During the first half of 2020, two of Addor’s portfolio companies namely Wondux and Linkage Software were listed on the STAR Market. Additionally, as many as 10 companies are currently pending approval.

Edited excerpts of the interview:-

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.