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Capital Drawn to the Science City, CIVC 2020 Brought to a Successful Close

CONGQING, China, Oct. 29, 2020 /PRNewswire/ -- The past three days have witnessed one opening ceremony and main forum, one closed-door meeting, five thematic forums, one project roadshow, exhibitions and demonstrations through the whole event, nearly a hundred VC industry leaders from China and other countries, delegates from 500 enterprises of different industries and sectors, an online audience of nearly 10 million professionals, 15 VC projects signed with a total contract value of up to RMB 67.555 million, and 118 enterprise projects with financing needs matched with investment institutions. On October 24, Chongqing International Venture Conference (CIVC) 2020 came to a successful close at Western (Chongqing) Science City.The conference took the theme of "Intelligencea?? Innovationa?? Entrepreneurship: Explore Western (Chongqing) Science City". It was hosted by Western (Chongqing) Science City, co-organized by Chongqing Science and Technology Bureau, Chongqing Local Financial Supervision and Administration Bureau, and the People's Government of Shapingba District, Chongqing, and implemented by IDG World Expo China. Expertise and Attention from Global VC Institutions Drawn to West ChinaOpinions on international VC forms, the construction of the Chengdu-Chongqing economic circle, and investment opportunities in Chongqing were shared by delegates from international and domestic VC organizations and institutions, including Hugo Shong, founding chairman of IDG Capital; Haitao Jin, chief managing partner of Qianhai Fund of Funds; Jim Breyer, founder of Breyer Capital; Michael Yi, partner and co-CIO of Hillhouse Capital Group; Bing Xiao, president of Fortune Capital; Wenzhong Zhang, founder of Wumart Stores, chairman of Dmall, founding chairman of Taikang Group, and angel investor of Mashang Consumer Finance Co., Ltd.; Guangfu Cui, partner of IDG Capital; Hao Chen, president of Legend Capital; Ruigang Li, founding partner of CMC Capital Group; Zhengdong Ni, chairman and founder of Zero2IPO Group; James Shen, vice president of Qualcomm and managing director of Qualcomm Ventures; Wei Li, founding partner and chairman of Green Pine Capital Partners; Min Wang, Changjiang Scholar, distinguished professor, deputy director of the Academic Committee of Central Academy of Fine Arts, and founding partner of Huajin Huiyuan Management Fund.At the conference, delegates from investment institutions such as IDG Capital, Qualcomm Ventures, and Hillhouse Capital Group noted that more than paying attention to Chongqing, they were working to introduce a number of enterprises to develop in the city. Moreover, they will facilitate the matchmaking between the leading companies that they have invested in and Chongqing, to extend the ecological development chain of the companies to Central-West China. They will further expand their investment presence in Chongqing and enlarge their investment scale to grasp the development opportunities of the Chengdu-Chongqing economic circle.
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