World Internet Conference Opens; Source Code Capital Named New Investor of the Year
The global internet community has once again entered "Wuzhen Time" — the cutting edge of tech and capital is now converging here.
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The global internet community has once again entered "Wuzhen Time" — the cutting edge of tech and capital is now converging here.
China's venture capital and investment industry has gone from its earliest beginnings to today's scene of a thousand sails competing at the fore in just over a decade. Why has VC become so white-hot? And what does it take to become a great investor? Young people everywhere are eager to find out.
Every year, the Fintech ranking jointly released by H2 Ventures and KPMG is a major event for taking stock of global fintech companies. The 2016 Global Fintech 100 list was recently unveiled. **China claimed five of the top ten spots, with Qudian ranking second, just behind Ant Group**.
Preface Yi Cao, founding partner of Source Code Capital, once said that the more success factors a startup assembles, the greater its chances of winning. It's like gathering all seven Dragon Balls to summon Shenron.
It has been nearly two decades since the "Big Three Portals" — NetEase, SINA Corporation, and Sohu — were founded, and the explosive growth of China's information industry has been as sweeping as the Industrial and Electrical Revolutions that came before it. **The sector's total market cap has grown from less than $10 billion in 2004 — the year I stumbled into venture capital — to roughly $700–800 billion today.** Tencent alone has surged from a market cap of nearly $1 billion at its 2004 IPO to $260 billion now, alongside Alibaba.
In 2014, Yi Cao founded Source Code Capital, with investments spanning multiple sectors including internet finance, industrial internet, gaming and entertainment, O2O, and cross-border internet.
In 2015, the success rate for internet startups in China was roughly 5%. Behind this brutal statistic lay the confusion of countless entrepreneurs: **How could they improve their odds of success? How could they break through in the shadow of internet giants like Tencent and Alibaba?**
**Qiang Yadong: CEO of A Cotton Flower, co-founder of Call a Duck. A post-90s marketing whiz.**
On August 15, 2016, ChinaVenture held its "2016 China Investment Annual Conference" in Shenzhen, where it also released the "2016 China Best Investors" list. Yi Cao, founding partner of Source Code Capital, was named to the "China Top 100 Leader Investors."
For this edition of Source Code Capital's private seminar, we've invited **Jiawei Gan**, president of Meituan-Dianping's restaurant dining business group, to share his insights on managing an offline ground-force team.