IDG Technology Venture Capital Fund (IDG Capital), also known as IDG Capital, was established in 1992, and is the first foreign investment fund to enter China.
IDG Capital has been focusing on investing in technology-based enterprises and enterprises driven by technology and innovation in China. By the first half of 20 17, IDG Capital had supported more than 600 outstanding domestic enterprises in various industries, of which 150 were listed on domestic and foreign markets or exited through mergers and acquisitions.
1985 65438+ 10/01,China New Technology Venture Capital Company, the first national financial enterprise in China, was established in Beijing. This company, together with several venture capital companies, such as Beijing Pacific United Technology Venture Co., Ltd. and Tsinghua Yongxin High-tech Investment Holding Company, has played a certain role in promoting the development and application of high-tech products in China. However, due to various reasons, the development of venture capital in China is not stable. It was not until 1998 that the Central Committee of the Democratic National Construction Association put forward the famous "Proposal No.1" at the first meeting of the Ninth National Congress of Chinese People's Political Consultative Conference, which was highly valued by the party and the state, and venture capital was vigorously developed in China.
The case of Shenzhen Kingdee Software Company introducing venture capital.
1998 On May 6th, Shenzhen Kingdee Software Co., Ltd., one of the largest manufacturers of financial and enterprise management software in China, announced that Kingdee had formally signed an agreement with IDG, a world-famous multinational information industry group, to accept venture capital from Guangdong Pacific Technology Venture Co., Ltd., a venture capital fund company headquartered in IDG, China, for the research and development of Kingdee Software Co., Ltd. and the expansion of international market. This is the largest venture capital accepted by domestic IT industry after Stone Li Fang, and the first international venture capital accepted by China financial software industry.
These most promising enterprises can't develop rapidly because of lack of funds. Due to the lack of funds, enterprises can only rely on their own accumulation and development, so the scale of enterprises is generally small and the market competitiveness is not strong. High-tech enterprises, in particular, are often too small to form scale advantages and compete with international multinational groups directly. Always rely on the accumulation of the enterprise itself. Without internal accumulation, enterprises cannot have any ability to resist risks. However, it is difficult to cope with the fierce market competition only by accumulating and reinvesting.
Judging from the current market trend, it is often enterprises with high starting point and large investment that can occupy the market. It is impossible for most enterprises to invest heavily solely on their own accumulation. Accumulation without financing is inefficient. If the enterprise's capital accumulation is divided only after the production and operation produce profits, then the enterprise's capital accumulation will be very limited and the enterprise will not be able to develop rapidly and supernormally. To realize the rapid and extraordinary development of enterprises, we must broaden the horizon of accumulation.