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Private Equity
cqbfund.com

Investments

17

Portfolio Exits

3

Funds

1

About CICC Qianhai Development Fund

CICC Qianhai Development Fund was jointly set up by CICC, Qianhai Financial Holdings, and ICBC in May 2014, with registered capital of RMB 100 million. Adopting principles of marketization, specialization and standardization, CICC-Qianhai aims to connect high-growth enterprises with global capital markets. Investors include overseas-wealth funds, well-known domestic listed companies, high net worth family funds, other institutional investors and so on.

Headquarters Location

Suite 2606-2608, Block A, T-share International Center Taoyuan Rd, Nanshan District

Shenzhen, Guangdong,

China

+86 0755-86599901

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Latest CICC Qianhai Development Fund News

CICC Qianhai Leads $92M Series A Round In Tian Tian Express

Feb 26, 2016

Hangzhou-based courier service firm Tian Tian Express has raised a RMB600 million (US$92 million) series A funding round led by CICC Qianhai Development Fund, according to China's official Xinhua News Agency. Other investors include Haier Venture Capital, Qingdao Haier's corporate venture arm, and Zhejiang Chengxiang Investments. The company says it will use the proceeds on expanding its service center networks, system upgrading and product improvement. Founded in 1994, Tian Tian Express sold a 60% stake to Chinese conglomerate HNA Group for RMB80 million in 2010. In 2012, former STO Express president bought the 60% interest from HNA Group for RMB160 million. Two years later, Tian Tian Express and STO Express initiated a cross-shareholding plan, says an article published by Tencent. STO Express is in the process of a back-door listing on the A-share market. Tian Tian Express' services currently covers over 300 cities and 2,800 rural counties in China, according to its website. [Please send your news, tips, and feedback to edit@chinamoneynetwork.com]

CICC Qianhai Development Fund Investments

17 Investments

CICC Qianhai Development Fund has made 17 investments. Their latest investment was in Sinogen Pharmaceutical as part of their Series A on September 9, 2020.

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CICC Qianhai Development Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/29/2020

Series A

Sinogen Pharmaceutical

Yes

1

9/29/2017

Seed

Nor-Mem

Yes

1

1/23/2017

Series A - II

Convenient Power Systems

Yes

1

1/1/2017

Private Equity

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10

11/23/2016

Seed

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10

Date

9/29/2020

9/29/2017

1/23/2017

1/1/2017

11/23/2016

Round

Series A

Seed

Series A - II

Private Equity

Seed

Company

Sinogen Pharmaceutical

Nor-Mem

Convenient Power Systems

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

CICC Qianhai Development Fund Portfolio Exits

3 Portfolio Exits

CICC Qianhai Development Fund has 3 portfolio exits. Their latest portfolio exit was Pagoda on January 16, 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

1/16/2023

IPO

$99M

Public

1

3/31/2021

IPO

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$99M

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10

1/3/2017

Acquired

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$99M

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10

Date

1/16/2023

3/31/2021

1/3/2017

Exit

IPO

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

Public

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Sources

1

10

10

CICC Qianhai Development Fund Fund History

1 Fund History

CICC Qianhai Development Fund has 1 fund, including CICC Qianhai Development Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

CICC Qianhai Development Fund

Expansions & Growth

Open

1

Closing Date

Fund

CICC Qianhai Development Fund

Fund Type

Expansions & Growth

Status

Open

Amount

Sources

1

CICC Qianhai Development Fund Team

1 Team Member

CICC Qianhai Development Fund has 1 team member, including current Chief Executive Officer, Haipeng Wang.

Name

Work History

Title

Status

Haipeng Wang

Chief Executive Officer

Current

Name

Haipeng Wang

Work History

Title

Chief Executive Officer

Status

Current

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