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Investments

105

Portfolio Exits

12

Funds

5

About China Creation Ventures

China Creation Ventures focuses on early and growth-stage investment opportunities in China's telecom, media, and technology (TMT) sectors.

China Creation Ventures Headquarters Location

Radiance Tower, Suite 1101 Qiyang Road, Wangjing

Beijing, Beijing, 100102,

China

+86 13910898007

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Latest China Creation Ventures News

BRV China-Backed Edge Cloud Provider PPIO Closes RMB 250 Million Series A Financing

Jun 11, 2022

PPIO, a leading provider of edge cloud services, has raised nearly RMB 250 million (approx. USD 37.6 million) in a Series A financing led by Panlin Capital, China Creation Ventures (CCV), Shanghai Zhangjiang Technology Venture Investment and IMO Ventures, and with continued funding from existing investor BlueRun Ventures China (BRV China). BRV China was the angel investor and led its pre-A round of financing exceeding RMB 100 million in 2021. With the Series A funding, PPIO has aggregated more than RMB 400 million in financings, making the firm among the top edge cloud vendors in China in terms of fundraising capability. “We believe that the maturity of low latency computing is essential for many applications, such as cloud gaming, AR/VR, space digitization, metaverse and other next-generation life and work scenarios, to break into the mainstream consumer market and become truly viable businesses,” said Jui Tan, Managing Partner of BRV China. PPIO was co-founded by Wang Wenyu and former PPTV founder Yao Xin in 2018 to provide edge cloud computing services and solutions that meet the needs of low latency, high bandwidth, and large-scale distributed processing systems. Today, PPIO edge cloud solutions empower clients with distributed computing demands in more than 1,000 cities and regions in 30+ provinces across China in a shift from the central cloud. The urge for high-performance cloud technologies is on the rise as industrial digitization accelerates. iResearch Consulting Group predicts China’s connected Internet of Things (IoT) devices will reach 14.8 billion in 2023, up from 5.5 billion in 2019, representing a 28.1% CAGR. By 2025, China will be producing 48.6 zettabytes of data every year, IDC says. As a result, investment in edge technologies is set to grow at a highest ever pace in 2022 – a new Gartner, Inc. survey of global mid- to large enterprises found they are to spend an average of USD 462,000 on the technology in 2022, up 76% from a year ago. “The migration of data storage to end devices from the central cloud is picking up pace, and the trend will be here to stay. Latency and bandwidth requirements will only be ever more stringent for application scenarios with end devices. Edge computing is the storage, processing and analysis of data nearer to the user’s device to enable rapid, near real-time, and short-cycled analysis and response, to enable timely execution of local operations,” said Mr. Yao, PPIO’s founder. Among PPIO’s primary client base are internet firms that see low-latency transmission and large-scale cost control as staples, such as long and short video platforms, live streaming platforms and cell phone manufacturers. PPIO provides them with comprehensive solutions, including audio and video management, cloud security, and application performance optimization. In addition, an array of leading Internet companies, first-tier cloud computing service providers and unicorn-level startups have entered collaborations on edge cloud business with PPIO. “We plan to invest the funding proceeds to further enhance proprietary technologies and edge infrastructure, as well as strengthen R&D into scenarios with yet higher requirements for ultra-low latency, such as ultra-low latency live streaming, cloud gaming, cloud rendering, connected vehicles and space digitization, ” said PPIO’s Mr. Yao. “Mr. Yao and the PPIO team have developed deep insights into future interactive applications and service scenarios. BRV China is optimistic about the prospects and, over the long term, will support PPIO to reinforce its position as an industry leader,” BRV China’s Mr. Tan added.

China Creation Ventures Investments

105 Investments

China Creation Ventures has made 105 investments. Their latest investment was in PPIO Edge Cloud as part of their Series A - II on May 5, 2022.

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China Creation Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/30/2022

Series A - II

PPIO Edge Cloud

$37.5M

No

5

4/29/2022

Seed VC

Testing OneLife

$4.84M

Yes

2

3/22/2022

Series A

Deepsight

$10M

Yes

6

3/7/2022

Series B

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$99M

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10

2/24/2022

Series A - III

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10

Date

5/30/2022

4/29/2022

3/22/2022

3/7/2022

2/24/2022

Round

Series A - II

Seed VC

Series A

Series B

Series A - III

Company

PPIO Edge Cloud

Testing OneLife

Deepsight

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Amount

$37.5M

$4.84M

$10M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

5

2

6

10

10

China Creation Ventures Portfolio Exits

12 Portfolio Exits

China Creation Ventures has 12 portfolio exits. Their latest portfolio exit was Perfect Corp on March 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/3/2022

Acq - Pending

$99M

1

11/8/2021

Acquired

$99M

1

2/23/2021

Corporate Majority

$99M

5

12/7/2020

IPO

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$99M

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10

1/5/2020

Acquired

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$99M

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10

Date

3/3/2022

11/8/2021

2/23/2021

12/7/2020

1/5/2020

Exit

Acq - Pending

Acquired

Corporate Majority

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

5

10

10

China Creation Ventures Fund History

5 Fund Histories

China Creation Ventures has 5 funds, including CCV Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/1/2020

CCV Fund II

$318.6M

7

9/25/2020

CCV Fund I (USD)

$99M

10

7/24/2018

CCV Fund II (USD)

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$99M

10

10/18/2017

China Creation Ventures USD Fund

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$99M

10

4/18/2017

China Creation Ventures I (RMB)

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$99M

10

Closing Date

10/1/2020

9/25/2020

7/24/2018

10/18/2017

4/18/2017

Fund

CCV Fund II

CCV Fund I (USD)

CCV Fund II (USD)

China Creation Ventures USD Fund

China Creation Ventures I (RMB)

Fund Type

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Status

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Amount

$318.6M

$99M

$99M

$99M

$99M

Sources

7

10

10

10

10

China Creation Ventures Team

1 Team Member

China Creation Ventures has 1 team member, including current Managing Partner, Wei Zhou.

Name

Work History

Title

Status

Wei Zhou

Managing Partner

Current

Name

Wei Zhou

Work History

Title

Managing Partner

Status

Current

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