Predict your next investment

China Reform Holdings Corporation company logo
Asset/Investment Management
FINANCE | Asset/Financial Management
crhc.cn

See what CB Insights has to offer

Investments

24

Portfolio Exits

7

Funds

5

About China Reform Holdings Corporation

China Reform Holdings Corporation is a state-owned investment holding company that engages in fund investment, financial services, asset management, equity operations, and overseas investment.

China Reform Holdings Corporation Headquarter Location

Building B, Enfei Technology Tower, Fuxing Road No.12 Haidian District

Beijing, Beijing,

China

010-88656666

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

China Reform Holdings Corporation Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

China Reform Holdings Corporation Rank

Latest China Reform Holdings Corporation News

China Telecom cloud unit takes on new investors in $628M revamp

Dec 17, 2021

China Telecom 's fast-growing cloud subsidiary Tianyi is taking on board four state-backed investors, increasing its capital base and positioning it as the preferred secure cloud partner for military and government users. The new shareholders are two electronics conglomerates, China Electronics Technology Group Corp (CETC) and China Electronics Corp (CEC), and two financial investors, China Reform Holdings and China Chengtong Holdings. China Telecom announced the new shareholder framework but did not disclose the size of the investments. Blue skies: China Telecom's cloud subsidiary Tianyi is now the preferred secure cloud partner for military and government. (Source: Newscom / Alamy Stock Photo) But Tianyi Cloud, which was established in March, has just expanded its registered capital more than fourfold from 900 million yuan ($141 million) to 4 billion yuan ($628 million). It reported a stellar first half, with revenue more than doubling to 14 billion yuan ($2.2 billion), accounting for more than a quarter of sales in China Telecom's industry digitalization segment. Friends in high places The expansion of the shareholder register with these powerful firms appears to be a way of both strengthening Tianyi Cloud commercially and also positioning it as the government's cloud provider of choice. The tighter linkage to China's two biggest military electronics manufacturers, both of whom also have their own cloud businesses, guarantees the operator will grow its share of the military cloud market. It has also become the safe choice of cloud partner for government agencies, and the only choice for those seeking high security. China Telecom ranks fourth behind Alibaba, Tencent and Huawei in the national IaaS and PaaS market, with a share of around 11% in both. Analysts note that the new investor partners are unlikely to significantly expand China Telecom's market share. But none of its rivals can match Tianyi's credentials as a secure cloud provider. Light Reading. The two new manufacturer shareholders – who are similar in name, scale and business scope – will likely ensure tighter cooperation on military and national security-linked projects and the development of new specialized capabilities on Tianyi platforms.

China Reform Holdings Corporation Investments

24 Investments

China Reform Holdings Corporation has made 24 investments. Their latest investment was in GiNET as part of their Seed VC - IV on December 12, 2021.

CBI Logo

China Reform Holdings Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/29/2021

Seed VC - IV

GiNET

Yes

2

12/10/2021

Corporate Minority

Tianyi Cloud

Yes

2

12/8/2021

PIPE - III

Huadian Fuxin

$2,360.57M

Yes

1

10/25/2021

PIPE

Subscribe to see more

$99M

Subscribe to see more

10

9/8/2021

PIPE

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/29/2021

12/10/2021

12/8/2021

10/25/2021

9/8/2021

Round

Seed VC - IV

Corporate Minority

PIPE - III

PIPE

PIPE

Company

GiNET

Tianyi Cloud

Huadian Fuxin

Subscribe to see more

Subscribe to see more

Amount

$2,360.57M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

1

10

10

China Reform Holdings Corporation Portfolio Exits

7 Portfolio Exits

China Reform Holdings Corporation has 7 portfolio exits. Their latest portfolio exit was Cloudwalk on May 27, 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

5/27/2022

IPO

$99M

1

2/23/2022

IPO

Subscribe to see more

Subscribe to see more

10

10/9/2020

IPO

Subscribe to see more

Subscribe to see more

10

7/31/2020

IPO

Subscribe to see more

$99M

Subscribe to see more

10

7/17/2020

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/27/2022

2/23/2022

10/9/2020

7/31/2020

7/17/2020

Exit

IPO

IPO

IPO

IPO

IPO

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

China Reform Holdings Corporation Fund History

5 Fund Histories

China Reform Holdings Corporation has 5 funds, including China Reform SOE Operating Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/23/2017

China Reform SOE Operating Investment Fund

Diversified Private Equity

Open

$7,232.45M

1

8/8/2016

China State-owned Capital VC Fund

Subscribe to see more

Subscribe to see more

$99M

10

国改科技基金 (National Reform Technology Fund)

$99M

10

国新央企运营投资基金 (Guoxin State-owned Enterprise Operation Investment Fund)

0

国新国同基金 (Guoxin Guotong Fund)

0

Closing Date

3/23/2017

8/8/2016

Fund

China Reform SOE Operating Investment Fund

China State-owned Capital VC Fund

国改科技基金 (National Reform Technology Fund)

国新央企运营投资基金 (Guoxin State-owned Enterprise Operation Investment Fund)

国新国同基金 (Guoxin Guotong Fund)

Fund Type

Diversified Private Equity

Subscribe to see more

Status

Open

Subscribe to see more

Amount

$7,232.45M

$99M

$99M

Sources

1

10

10

0

0

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.