China’s hardtech VC boom and Involution

China’s hardtech VC boom and Involution China is experiencing a hardtech VC boom due to a a congruence of factors. VC investing in “hard technology” has been elevated to be part of “national strategy”. Funding for what’s animatedly-termed “throat-strangling technologies (卡脖子技术)” has become a national priority and patriotic act. The fervor is a rational result […]

Decrypt the “secret” of GUOFUHEE’s leading market share

Decrypt the “secret” of GUOFUHEE’s leading market share The domestic hydrogen power industry has made great progress in recent years. In 2021, with the promotion of double carbon goal and fuel cell demonstration city, enterprises in all links of hydrogen power industry chain are accelerating their layout. Among these enterprises, the performance of Jiangsu GUOFU […]

Furuihp Is Identified As The “Little Giant” In Push For Technological Advancements

Furuihp Is Identified As The “Little Giant” In Push For Technological Advancements China unveiled a new batch of  “Little Giants” companies－innovative small and medium-sized enterprises or SMEs－recently.  Zhangjiagang Furui Hydrogen Power Equipment Co., Ltd. (Furuihp), invested by CM Venture Capital, has ascended to the “Little Giants” list this year. In February, the Ministry of Industry […]

How the Long Play Works in Venture Capital: The story of Enwise

How the Long Play Works in Venture Capital: The story of Enwise The venture capitalist’s eye is always on a distant and uncertain future. Many of the now-famous VC-backed companies, such as Google, Tesla, and Starbucks, might be described as “overnight successes ten years in the making.” To the outside observer, they came out of […]

Time for Investors to take a hard look at China hard tech

Time for Investors to take a hard look at China hard tech In recent weeks U.S. investors have probably seen the headlines: China is a huge magnet for foreign capital. In 2020, despite the COVID-19 pandemic, China passed the United States as the world’s largest recipient of direct foreign investment, while its exchanges hosted half […]

Moore Material Forum

Moore Material Forum On October 18th, the Second Annual Forum of Moore Material Institute was held in Beijing, and over 200 speakers and guests attended the close-door forum and had candid discussion about development on various material fields, especially materials used in electronics industry. Here are some of my thoughts from the event.  – Traditionally, […]

What’s new in Deeptech venturing and investing in China Post COVID-19?

What’s new in Deeptech venturing and investing in China Post COVID-19? These days, the most frequently-asked question I get asked when a foreign friend calls is “Has China returned to normal post COVID-19? What’s different?”. On May 7th, two weeks ago, I had a conversation on that topic with Andrew Gaule, the CEO of Aimava, […]

What’s new in China’s NEW infrastructure spending?

What’s new in China’s NEW infrastructure spending? Four days after signing an unprecedented $2 trillion relief bill to blunt the economic damage from the coronavirus pandemic, president trump called for the U.S. to spend another couple trillion bucks on a massive infrastructure package, to “be focused solely on jobs and rebuilding the once great infrastructure […]

National grid internal policy 826, implications and future perspectives

National grid internal policy 826, implications and future perspectives Recently China national grid issued internal policy 826, and soon the document was leaked to the media and became a hotly debated topic.   So, what does policy 826 say?   Policy 826 has four parts; the key theme is to optimize the rate of return […]

Time to invest in Silicon Carbide

Time to invest in Silicon Carbide Two years ago, in North Carolina, a US company called CREE was trying to sell its Wide-Bandgap (WBG) semiconductor business subsidiary Wolfspeed. Building on their expertise in Light Emitting Diodes (LEDs), government contracts for Gallium Nitride (GaN) lasers and commercial contracts for Silicon Carbide (SiC) voltage transformers, CREE had […]