Sinovation IV (IFC-41104)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 16, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SINOVATION FUND IV L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 27, 2019

Disclosed by Bank Feb 7, 2018


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Project Description

According to the IFC webstie, Sinovation Fund IV, L.P. is a China-focused early stage technology equity fund. The Fund will invest in companies developing cutting edge technology, product and services in sectors including (a) Artificial Intelligence, (b) E-Commerce, (c) Business-to-Business Services, (d) Education, and (e) Digital Media & Services. The Fund will make its investments mainly to businesses in Greater China, or non-Chinese companies whose product and service can potentially be transferred to Greater China.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

The General Partner of the Fund is Sinovation Fund Management IV, L.P. The Fund will be managed by Sinovation Management Limited. The Managing Partners of the Fund will be Dr. Kai-Fu Lee and Mr. Hua Wang.

Sinovation Fund IV, L.P. is a China-focused early stage technology equity fund.

Contact Information

Sinovation Ventures Inquiries
Investor Relations
+86(10)5752 5200
ir@chuangxin.com
Dinghao Tower, Block A, 10/F, 3 Haidian Street, Haidian District, Beijing, 100080, China
www.chuangxin.com

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