Investments
45Portfolio Exits
10Partners & Customers
10About China Merchants Bank
China Merchants Bank (SEHK: 3968) (SSE: 600036) is a joint-stock commercial bank that focuses on the Chinese domestic market. The Company provides customers with various corporate and retail banking products and services and conducts treasury activities for proprietary purpose and on behalf of its customers. In respect of corporate banking business, the Company offers a variety of services to customers, which include corporate loans, settlements and custody etc. Leveraging advanced IT support, China Merchants Bank diversifies its service channels by developing and upgrading e-banking services, phone banking services, mobile banking services and Palm banking services. Customers can thus enjoy quicker and more convenient services from the bank.
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Latest China Merchants Bank News
Jan 18, 2023
Tesla sold 12,654 Model 3 and Model Y vehicles between January 9 and 15, up nearly 80 per cent week on week following the price cuts, according to China Merchants Bank The company has cut prices of its Shanghai-made cars by nearly 23 per cent in two tranches since late October
China Merchants Bank Investments
45 Investments
China Merchants Bank has made 45 investments. Their latest investment was in Data Grand as part of their Series C on March 3, 2022.
China Merchants Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/9/2022 | Series C | Data Grand | $91.8M | Yes | 6 | |
4/16/2021 | Debt | Princeton Digital Group | $230M | Yes | 3 | |
3/23/2021 | Series C | EpimAb Biotherapeutics | $120M | Yes | 11 | |
2/9/2021 | Line of Credit | |||||
1/25/2021 | Line of Credit |
Date | 3/9/2022 | 4/16/2021 | 3/23/2021 | 2/9/2021 | 1/25/2021 |
|---|---|---|---|---|---|
Round | Series C | Debt | Series C | Line of Credit | Line of Credit |
Company | Data Grand | Princeton Digital Group | EpimAb Biotherapeutics | ||
Amount | $91.8M | $230M | $120M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 6 | 3 | 11 |
China Merchants Bank Portfolio Exits
10 Portfolio Exits
China Merchants Bank has 10 portfolio exits. Their latest portfolio exit was WM Motor on January 12, 2023.
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 |
|---|---|---|---|---|---|
1/12/2023 | Corporate Majority | 2 | |||
2/18/2022 | IPO | Public | 1 | ||
12/10/2021 | IPO | Public | 1 | ||
Date | 1/12/2023 | 2/18/2022 | 12/10/2021 | ||
|---|---|---|---|---|---|
Exit | Corporate Majority | IPO | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | |||
Sources | 2 | 1 | 1 |
China Merchants Bank Partners & Customers
10 Partners and customers
China Merchants Bank has 10 strategic partners and customers. China Merchants Bank recently partnered with Wolters Kluwer on July 7, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/18/2019 | Vendor | Netherlands | China Merchants Bank selects Wolter Kluwer's OneSumX for regulatory reporting in the US China Merchants Bank has chosen Wolters Kluwer 's OneSumX for Regulatory Reporting to provide its regulatory reporting software in the U.S. | 1 | |
12/13/2017 | Partner | United States | Since 2010 , American Express has partnered with China Merchants Bank to issue a series of personal and commercial credit card products on American Express network to meet the needs of different customers in the mainland China market . | 1 | |
12/23/2014 | Partner | Netherlands | NXP Drives Financial Innovation in China With Pioneering Mobile Payment Eco-system The strategic partnership between NXP Semiconductors N.V. , China Merchants Bank and China UnionPay demonstrates our proactive efforts in developing valuable solutions and driving innovation in | 2 | |
9/16/2013 | Partner | ||||
7/10/2013 | Partner |
Date | 7/18/2019 | 12/13/2017 | 12/23/2014 | 9/16/2013 | 7/10/2013 |
|---|---|---|---|---|---|
Type | Vendor | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Netherlands | United States | Netherlands | ||
News Snippet | China Merchants Bank selects Wolter Kluwer's OneSumX for regulatory reporting in the US China Merchants Bank has chosen Wolters Kluwer 's OneSumX for Regulatory Reporting to provide its regulatory reporting software in the U.S. | Since 2010 , American Express has partnered with China Merchants Bank to issue a series of personal and commercial credit card products on American Express network to meet the needs of different customers in the mainland China market . | NXP Drives Financial Innovation in China With Pioneering Mobile Payment Eco-system The strategic partnership between NXP Semiconductors N.V. , China Merchants Bank and China UnionPay demonstrates our proactive efforts in developing valuable solutions and driving innovation in | ||
Sources | 1 | 1 | 2 |
China Merchants Bank Team
1 Team Member
China Merchants Bank has 1 team member, including former Senior Vice President, Frederick Yip.
Name | Work History | Title | Status |
|---|---|---|---|
Frederick Yip | Senior Vice President | Former |
Name | Frederick Yip |
|---|---|
Work History | |
Title | Senior Vice President |
Status | Former |
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