2007-2013: Accumulate Experience from Cross-sector Operations and Identify the Driving Force for Emerging Industry
Within its first six years, SC examined quite a few emerging industries and focused attention on TMT, upgrading of traditional industries and the next-generation consumption, and gained experience mainly through investment and management of growth stage projects. During this stage, SC completed some impressive investments in clean energy, advanced manufacturing, communication technology, media, emerging service and healthcare.
2013: Strategically Focus on Healthcare Industry
In its seventh year, SC strategically achieved its transformation from industrial breadth to professional depth based on the company foresight of the local VC market trend of segmentation and advancement, and launched a concentrated investment strategy vividly described as "digging a small and deep well attentively". Since 2013, SC has focused all attention on healthcare, organizing a highly professional investment team, and move towards early-stage investment, in order to achieve its economic moat. SC is one of earliest ventures in China to establish a special healthcare fund.
2015: Establish the Consumer-driven Innovation Sector
In 2015, after years of exploration and analysis, SC decided to upgrade the sector of the next-generation consumption to its second strategic focus, and completed the creation of its first consumer-driven innovation fund and the establishment of an independent team by adhering to "Focus" strategy and accessing unchartered area.Since then, SC's "Parallel Fleet" investment strategy - multiple focuses with respective specialized teams - has become clear.
2019: Set up the Hardcore Technology Arm
Since 2019, the global market has seen a more dramatic evolution in competition and cooperation among countries, and the scientific innovation in China has become more urgent. SC believes that a real breakthrough in underlying hardcore technology will become a core engine behind China's high-quality economic growth in the new global landscape. Therefore, SC precisely re-shaped its focuses to maximize the investment opportunities. By developing an independent team and leveraging industry resources, the company formally launched its first hardcore technology fund in 2020, to explore opportunities from a new wave of technological innovation.
In 2013, SC created its first healthcare fund. To date, the company has launched and managed three healthcare funds, which invested in more than 80 projects and supported the successful listing of those invested companies in A-share market and the U.S. stock market.
The healthcare industry features a professional economic moat, solid interdisciplinarity and diverse segments, requiring extreme professional focus and extensive experience. SC's healthcare investment team members have different professional backgrounds, including new drug R&D, bioengineering, clinical medicine, pharmaceutical supervision and approval, and financial services, and many of them possess over ten years of industrial experience and PhD's in pharmacy or biology. Through close examination of development trends in the medical industry and continued seizing of investment opportunities, SC's medical team secured its influence and discourse power rapidly in this area.
Investment strategy for healthcare funds: With precision medicine as an investment theme and global R&D level as a benchmark, we aim to deliver the emerging market demand in China by focusing on Biotechnology, New Drug R&D, Emerging Medical Service and Advanced Medical Devices. We primarily focus on early- to mid stage projects, but also consider other stages.
Since the establishment of SC, consumer-driven innovation has always been its key concern, and gradually emerged as its core investment direction. In 2014, SC launched its first Internet innovation fund. To date, the company has launched and managed three consumer-driven innovation funds, which invested in over 70 projects and supported the successful listing of several invested companies in A-share market and the U.S. stock market
Share Capital believes that consumption upgrading is taking place on multiple dimensions. On one hand, the infrastructure construction during the era of Internet is essentially completed, and the new generation of entrepreneurs can make full use of the digital and Internet-based production factors to redefine the organization mode of production in consumption, thus becoming the "new species". On the other hand, as the consumption demands are highly stratified and individualized, the relationship between people and consumption scenarios is constantly changing, and the meaning of consumption is constantly dissolved and reshaped. The new entrance to traditional industry is gradually made accessible, so there are enormous investment opportunities available.
For the investments in consumer-driven innovation, SC's stage I and stage II funds focused on the projects initiated by the new generation of entrepreneurs in the Internet era, reshaping the value chain of traditional industry, and innovating the business model of segmented business, while stage III funds went further to highlight the new model and demand in housing market by probing into the innovation of products and industry chain in property transactions, space operation, house decoration and smart home. In the future, the company will focus on creating a fine blueprint of lifestyle for the next generation of consumers, continuing to search for the business model and product innovation from the up, middle and down stream of the industry
Since SC was established, the company has continued to focus on and invest in cutting-edge technologies. The company has invested in several listed companies thus far. In 2020, SC initiated the first special angel fund keeping in mind the focus on hardcore technology; going forward, the company will push its investment along this theme from the seedling stage to early and mid stage.
For over a decade, SC has tirelessly created cooperation platforms to share industry resources, and forged long-term strategic partnerships with China's leading universities and scientific research institutions, talent pools and entrepreneurship community, allowing the company to become the competitive source of investment projects and talent teams in hardcore technology area and guaranteeing its sustained empowerment of invested companies. The company's hardcore technology investment team has even independently developed a set of AI and big data-driven investment assistance system in order to improve the efficiency of project acquisition, research, decision-making and portfolio mamagement.
Investment strategy for hardcore technology funds: We pay close attention to the technological breakthroughs of China's leading scientific research team, and mainly focus on AI and Big Data, Advanced Manufacturing, the New Generation of IT and New Materials. We give priority to projects headquartered in the Greater Bay Area with Shenzhen as a center