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Fortune Venture Capital
Fortune Venture Capital (also known as Fortune Capital) () is a state-backed Chinese venture capital firm founded in 2000. The firm is owned by the Hunan TV & Broadcast Intermediary Co Ltd which in turn is owned by the Hunan Broadcasting System. It is considered one of the earliest state-backed venture capital firms in China. Background Fortune Venture Capital was founded in 2000 by Liu Zhou. Liu first saw the potential of venture capital when the company he worked for, Hunan TV & Broadcast held its initial public offering on the Shenzhen Stock Exchange in 1999. In 2000, Long Qiuyun, the chairman Hunan TV & Broadcast gave Liu 100 million yuan to start a venture capital firm. At the time, Liu was unsure whether to open the firm in Beijing or Shenzhen so he asked a Feng shui master who told him to pick Shenzhen. However Liu has stated he already decided with Shenzhen from the beginning because it was the frontier of reform and opening up. In the first ten years, the firm strugg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Changsha
Changsha is the capital of Hunan, China. It is the 15th most populous city in China with a population of 10,513,100, the Central China#Cities with urban area over one million in population, third-most populous city in Central China, and the most livable city in China, located in the lower reaches of the Xiang River in northeastern Hunan. The city forms a part of the Changzhutan, Greater Changsha Metropolitan Region along with Zhuzhou and Xiangtan, also known as the Changzhutan City Cluster. Greater Changsha was named one of the 13 emerging mega-cities in China in 2012 by the Economist Intelligence Unit. It is also a National Comprehensive Transportation Hub, and one of the first List of National Famous Historical and Cultural Cities in China, National Famous Historical and Cultural Cities in China. Changshanese, a kind of Xiang Chinese, is spoken in the downtown area, while Ningxiangnese and Liuyangnese are also spoken in the counties and cities under its jurisdiction. As of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of China
State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2000
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Shenzhen
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Companies Established In 2000
Chinese may refer to: * Something related to China * Chinese people, people identified with China, through nationality, citizenship, and/or ethnicity **Han Chinese, East Asian ethnic group native to China. **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese characters in traditional and simplified forms) *** Standard Chines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redcore
Redcore ( zh, s=红芯浏览器, l=red core browser)Official website: , where it shows that the browser is named "Redcore Browser" ( zh, 红芯浏览器), and the browser engine is "Redcore" ( zh, 红芯内核) is a web browser developed by Chinese company Redcore Times (Beijing) Technology Ltd. based on Chromium and uses the Blink browser engine. History On 15 August 2018, Redcore Times (Beijing) Technology Ltd. announced that it had raised 250 million RMB in its series C funding round from venture capital investors, including Morningside Venture Capital, Fortune Venture Capital, and IDG Capital. At the time of financing, the company marketed Redcore as a "100pc China-developed browser" and claimed that it used the "Redcore" browser engine developed in-house. On 16 August 2018, after Redcore was revealed to be based on Chromium, Redcore Times (Beijing) Technology Ltd. responded that the project did not solicit state funds in its previous round of funding. Controversi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wangsu Science & Technology
Wangsu Science & Technology Co., Ltd. () is a China-based company that provides content delivery network (CDN) and Internet data center (IDC) services. It was founded in 2000 and listed on the Shenzhen Stock Exchange in 2009. It operates businesses in China as ChinaNetCenter Co., and overseas markets as Quantil, Inc. for CDN services and Quantil Networks, Inc. for IDC services. Corporate affairs The largest shareholder is Chen Baozhen, who co-founded one of the predecessor companies of Wangsu, holding 21% of the shares of the company. Its Chinese domestic markets are divided into East China, South China, North China, Central China, the western region and the northeast region. Acquisitions In February 2017, the company announced its acquisition of South Korean competitor CDNetworks for 21.1 billion yen ($185 million) to continue expanding its network and business operations outside of China. The deal involved purchasing 85% percent of CDNetworks’ shares from KDDI () i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BlueFocus Communication Group
BlueFocus Communication Group( zh, 蓝色光标) is an ad agency engaged in marketing. BlueFocus was founded by Oscar Zhao on July 1, 1996. It was launched on the Shenzhen Stock Exchange in 2010. BlueFocus acquired a minority stake in Huntsworth, a London-based PR group, for £36.5 million in April 2013, and in December 2013, acquired a majority holding in social media marketing agency We Are Social for $30m. Since 2014, BlueFocus has engaged in international expansion. It acquired a majority holding in Fuseproject, a U.S. design agency, for $46.7 million in July 2014, which 9 years later was bought back by Yves Béhar, the founder and CEO. It also acquired a majority holding in the North American assets of Canadian advertising company Vision7 International, including Cossette, an ad agency, and Citizen Relation, a PR company, in December 2014 for $210 million. By 2014, it was listed on the Shenzhen Stock Exchange with a market capitalisation of $3.8 billion, and was ranked a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small And Medium-sized Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs outnumber large companies by a wide margin and also employ many more people. On a global scale, SMEs make up 90% of all companies and more than 50% of all employment. For example, in the EU, 99% of all businesses are SMEs. Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-performing Loan
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as they reduce profitability. They are often claimed to prevent banks from lending more to businesses and consumers, which in turn slows economic growth, although this theory is disputed. In the European Union, the management of the NPLs resulting from the 2008 financial crisis has become a politically sensitive topic, culminating in 2017 with the decision by the European Council to task the European Commission to launch an action plan to tackle NPLs. The action plan supports the fostering of a secondary market for NPLs and the creation of Asset Management Companies (aka bad banks). In December 2020, this action plan was revised in the wake of the COVID-19 pandemic crisis. Definition Non-performing loans are generally recognised as per the following criteria: * Payments of inter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
