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What is the financing way of Kingdee Software Technology Company?

Shenzhen kingdee software technology co., ltd. is an outstanding representative of China's financial software industry, one of the largest developers and suppliers of financial software and enterprise management software in China, the pioneer of China's windOWS financial software and decision support financial software, and the first financial software company to successfully develop the manufacturing management system (VMRP-II). The success of Kingdee Company is closely related to the venture capital.

1998 was a historic turning point for Kingdee Company. At this time, International Data Group (IDG) is trying to enter China, and its Guangzhou Pacific Technology Venture Capital Fund is looking for investment projects in Guangzhou and Shenzhen. Through the lead bridge of Shenzhen Science and Technology Bureau, Wang Shu, the general manager of the venture capital fund, learned the basic situation of Kingdee Company and paid a special visit to Kingdee Company. For Kingdee, this is a good opportunity. The two sides negotiated happily. In just three months, the two sides reached a cooperation agreement, and Kingdee received an investment of 2 million yuan to realize lightning financing.

IDG Guangzhou Pacific Technology Venture Capital Fund invested in Kingdee Company in the form of equity participation, and became one of the shareholders of Kingdee Company at a discount, enjoying the rights of shareholders. However, it does not hold shares in Kingdee Company, and does not participate in the operation. It only exerts influence by constantly doing some useful auxiliary work, such as introducing and introducing experts to give reports, holding seminars, helping enterprises to make decision-making consultations, and providing suggestions on development direction. After the first fund was put in place, IDG appointed Wang Shu as the director of Kingdee to monitor Kingdee Company, but Wang Shu did not ask about the operation of Kingdee Company. However, under this seemingly loose cooperation, the risk awareness and development pressure brought by venture capital to Kingdee Company suddenly increased. Because according to the cooperation agreement between Kingdee and IDG, Kingdee must achieve the goals set by both parties within one year after obtaining the first investment, that is, on the basis of 1997, it will achieve 2% growth in 1998 before it can qualify for the second investment of 1 million yuan from IDG. It is this kind of risk pressure that urges Kingdee to adjust itself quickly.

Kingdee not only introduced venture capital, but also broadened its horizons. Through extensive exchanges with international companies through IDG, Kingdee brought some brand-new foreign ideas to Kingdee, which made Kingdee embark on a road of internationalization. Kingdee broke through the tradition and moved from accounting informationization to digital management, which enabled Kingdee to continuously lead the ideological changes in the industry and maintain its leading position in technology.