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heungkong.com

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Investments

3

Portfolio Exits

1

Partners & Customers

1

About HeungKong Group

HeungKong Group, through its subsidiaries, engages in furnishing, logistics, real estate development, natural resources, education, healthcare, and finance businesses.

HeungKong Group Headquarter Location

Hong Kong

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Latest HeungKong Group News

Microsoft “Cloud and Mobile Technology Incubation Program” Launches in Zhaoqing

May 30, 2019

Feng Jianlin, general manager of the Science and Innovation Center of Heungkong Group and CEO of Unicorn Field, said that as an independent brand within the science and innovation industry section of Heungkong Group, Unicorn Field, relying on the Heungkong International Technology Innovation Center, is committed to becoming a comprehensive leader in the development and management of a science and innovation ecosystem in the city. “Our unique pyramid enabling system is a nurturing platform for accelerating the growth of businesses and facilitating the transformation of local industries by connecting all the forces, elements and resources of science and innovation.” The Microsoft “Cloud and Mobile Technology Incubation Program” – Zhaoqing Cloud and Mobile Application Incubation Platform (Unicorn Field – Zhaoqing) will officially start operation, leveraging the advantages in terms of R&D simply by being located in Zhaoqing, while being well-integrated into high-tech and strategic emerging industries such as intelligent manufacturing, energy conservation, environmental protection and electric vehicles. The platform will focus on cloud computing, the Internet of Things, big data, artificial intelligence and 5G, introduce and incubate innovation and entrepreneurship teams and businesses, and provide them with professional services such as start-up space, shared facilities, technical services, consulting services, investment and financing, entrepreneurship guidance, and resource exchanges. Zhaoqing is one of the nine cities in the Pearl River Delta and one of the key urban conglomerations in terms of the development of the Guangdong-Hong Kong-Macao Greater Bay Area. With an abundant availability of office space and its geographical location connecting the Guangdong-Hong Kong-Macao Greater Bay Area with the greater southwest region of China, Zhaoqing is also closely connected to Hong Kong. With the build out of the Greater Bay Area, the city plans make full use of its advantages to attract high-end resources from Hong Kong, accelerate its industrial transformation, and develop its economy especially through the application of scientific and technological solutions. Zhaoqing is planning to build the Guangdong-Hong Kong-Macao Greater Bay Area (Zhaoqing) Special Cooperation Pilot Zone, which has already been preliminarily approved by relevant provincial administrations of Guangdong. Hong Kong chief executive Carrie Lam, who attended the 21st meeting of the Hong Kong-Guangdong Co-Operation Joint Conference in Guangdong on 16-17 May, paid a special visit to Zhaoqing. On May 19, the Town Planning Board of Hong Kong also undertook an inspection tour of Zhaoqing, “In order to gain an in-depth understanding of the Guangdong-Hong Kong-Macao Greater Bay Area (Zhaoqing) Special Cooperation Pilot Zone and the planning and construction of Zhaoqing Hong Kong City”. The Hong Kong Polytechnic University and The Open University of Hong Kong both plan to set up campuses in Zhaoqing, according to public sources.

HeungKong Group Investments

3 Investments

HeungKong Group has made 3 investments. Their latest investment was in DotBio as part of their Seed on July 7, 2018.

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HeungKong Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/30/2018

Seed

DotBio

$2.3M

Yes

2

1/2/2018

Series B

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10

1/14/2015

Seed

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$99M

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10

Date

7/30/2018

1/2/2018

1/14/2015

Round

Seed

Series B

Seed

Company

DotBio

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Amount

$2.3M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

HeungKong Group Portfolio Exits

1 Portfolio Exit

HeungKong Group has 1 portfolio exit. Their latest portfolio exit was 360 DigiTech on December 14, 2018.

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

12/14/2018

IPO

$99M

4

Date

12/14/2018

Exit

IPO

Companies

Valuation

$99M

Acquirer

Sources

4

HeungKong Group Partners & Customers

1 Partners and customers

HeungKong Group has 1 strategic partners and customers. HeungKong Group recently partnered with Microsoft on November 11, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

11/23/2017

Partner

Microsoft

United States

Microsoft, Heungkong Group and China Nansha Free Trade Zone launch the Microsoft Cloud Incubation Program

The Microsoft is formally launched at ... Hosted by Heungkong Group , in partnership with Microsoft , with the help of the administration committee of Nansha Development Zone , the summit brought together a number of Chinese government officials and senior business executives .

1

Date

11/23/2017

Type

Partner

Business Partner

Microsoft

Country

United States

News Snippet

Microsoft, Heungkong Group and China Nansha Free Trade Zone launch the Microsoft Cloud Incubation Program

The Microsoft is formally launched at ... Hosted by Heungkong Group , in partnership with Microsoft , with the help of the administration committee of Nansha Development Zone , the summit brought together a number of Chinese government officials and senior business executives .

Sources

1

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