Through accelerated development of the "Two Zones", namely the Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone, Beijing has attracted more high-end elements around the world. Recently, "Beijing Ruanya Xinchuang Investment Management Co., Ltd.", the wholly-owned subsidiary of Japan's SoftBank Ventures Asia, was incorporated into the China-Japan Innovation Cooperation Demonstration Zone. It is the first wholly Japanese-invested fund management company in China, and an important strategic move in China made by SoftBank Ventures Asia, a global top financial institution.
The investment team of SoftBank Ventures Asia has considerable experience in equity investment with a large number of successful cases. Since its inception in 2000, it has successfully raised 16 funds totaling over USD one billion, and invested in 233 technology and Internet companies in Asia, the United States, Israel and Europe.
Ruanya Xinchuang indicated that it was devoted to helping build Beijing into a global model city for digital economy. Through the AI enterprises it has invested in worldwide, SoftBank will facilitate the establishment of R&D centers of enterprises and empower the enterprises through their digital transformation. Enterprises invested by SoftBank will be coordinated to actively participate in the building of smart city in Daxing District for the urban upgrading and development. Meanwhile, Ruanya Xinchuang will contribute to the innovative breakthroughs in China's domestic chip industry and the building of a demonstration platform for international innovation and entrepreneurship.
(Reporter: Ma Jing)
