COVID, US-China standoff boost Shenzhen Capital’s confidence in domestic deals, says Qiao

Xudong Qiao, General Manager, Research Center at Shenzhen Capital Group

Despite the COVID-19 pandemic, China’s Shenzhen Capital claims to be bullish on investments.

During the first three quarters this year, “we’ve invested as much as 3.9 billion yuan ($602 million) in 90 projects,” Xudong Qiao, general manager of the research center at Shenzhen Capital Group, told DealStreetAsia.

“We’ve taken efforts to increase investments in information technology, biomedicine, new material and chemical engineering over the past three quarters. And we will keep it as it is for the last quarter this year,” said Qiao.

Since its inception in 1999, Shenzhen Capital has so far invested 55.6. billion yuan ($8.5 billion) across 1,167 projects.

While the Covid-19 crisis has changed China’s perspective on domestic supply chains, tightened US-China trade war is also calling for “self-dependent technology and economy,” said Qiao. “We will increase our investment in the Made in China 2025 strategy to transform China’s manufacturing industry.”

Edited excerpts of an interview with Qiao: 

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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.

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.