According to the planning of Jifu Asia, the early and medium-term projects account for 40% of its total investment respectively, and the late projects only account for 20% of its total investment. According to Chen, an early investor, "Fast forward and fast out is not the standard way to accumulate wealth in Asia". At the same time, due to resource constraints, except for a few projects such as Dalian Haihui, Canadian Solar and LDK, most of the enterprises invested by Gifuya in China are still located in four major first-class cities such as Beijing, Shanghai, Guangzhou and Shenzhen.

In China's Gifu Asia, we need to constantly use successful cases to motivate ourselves and enhance the confidence of LP (Limited Partner, that is, VC's own investor). Because for any VC, financing is the first step of the whole venture capital cycle, and Jifu Asia is no exception.

At first, half of the committed capital of Jifu Asia Technology Fund I came from Jifu Group itself, 65,438+0/4 of the capital came from relevant Japanese financial institutions, and industrial companies like Hitachi provided the remaining 65,438+0/4 of the capital. However, with the performance of Jifu in Greater China getting better and better, the sources of Jifu Asia Science and Technology Fund are becoming more and more diversified.

"The third phase of Jifu Asia Science and Technology Fund has attracted investors from China, Taiwan Province Province of China and China, so it has become more and more like the mainstream limited partnership fund in the United States." However, Chen is unwilling to comment positively on the statement that Jifu Asia will follow the footsteps of Softbank Asia in seeking independence. He simply said, "Independence or non-independence, each has its own advantages. The key is to see what you want and how you are prepared. "

However, just as the new generation VC just raised its first fund independently of European and American investors, and was still in the thrill of spending a lot of money, Chen mentioned the problem of "internal circulation of RMB funds" several times in public.

Venture capital in countries or regions with relatively developed venture capital industry, such as Israeli, Singaporean and China Taiwan Province Province, began to rely on external capital, but in the end it gradually became mainly domestic or local capital. Chen went on to say, "Since 2005, a number of new venture capital platforms have appeared in China, but it takes time for these platforms to leave their mark on the long history of venture capital development."