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The following is issued on behalf of the Hong Kong Cyberport Management Company Limited:
Hong Kong Cyberport hosted the second Cyberport Venture Capital Forum today (December 6). Jointly organised by the Office of the Government Chief Information Officer, Hong Kong Cyberport Management Company Limited, the Chinese University of Hong Kong Centre for Entrepreneurship and the Faculty of Business Administration, Hong Kong Venture Capital and Private Equity Association, and Monte Jade Science and Technology Association of Hong Kong, Cyberport Venture Capital Forum 2005 (CVCF2005) aimed to facilitate building of win-win entrepreneur-investor partnership in the digital new media and digital entertainment industries.
¡§Hollywood entertainment is famous for the happy ending,¡¨the Chief Executive Officer of Hong Kong Cyberport Management Company Limited, Mr Nicholas Yang, said. ¡§This year¡¦s event theme is ¡¥courtship, marriage, and the (happy) ending.¡¦ In the beginning, when investor and entrepreneur have to find each other. This starts the courtship process. Then comes the marriage phase after entrepreneur and investor like each other and decide to become partners, deal is then struck and the partnership is off to a start. Finally is there is the outcome, the ending. The ending can be a happy one or it can end up in a divorce. The Forum today helps the participants to cultivate a happy ending.¡¨
This year¡¦s forum features two distinguished keynote speakers, Mr Sanjay Subhedar and Mr Neil Shen. ¡§We measure success based on results and believe operating discipline, in addition to vision, is a critical ingredient for success,¡¨ said Mr Subhedar, Co-Founder and Managing Partner of Storm Ventures in the Silicon Valley. Neil Shen, Founding Managing Partner of Sequoia Capital China, believes in the consumer-driven business model. ¡§I think the consumer services companies in China with a technology angle will do well in the years to come.¡¨
The keynote speakers were joined by a group of prominent speakers and expert moderators, including:
- Mr Hanson Cheah, Managing Partner, AsiaTech Ventures
- Dr Lily Chiang, Founder of Eco-Tek Holdings Limited
- Mr Jason Chiu, Chairman and Chief Executive Officer of Cherrypicks
- Dr Wilson Cho, Investor of Univessence Digital Studios (HK) Limited
- Mr Franky Fu, Director and Investor of Celestial Digital Entertainment Limited
- Mr Sean He, Managing Director of The Carlyle Group
- Mr XieLiang Huang, Chairman and CEO, SMiT
- Mr Alfred Li, Chairman of Symphony Holdings Limited
- Mr James Lim, Co-Founder and CEO of Digital Media Group Company Limited
- Dr Kai-Yeung Sunny Siu, Founder of ¡§Project Cache¡¨
- Mr Jason So, Partner of SAIF Partners
- Mr Richard Li, Chairman of PCCW
- Mr Denis Tse, Senior Manager of HSBC Private Equity (Asia) Limited
- Mr Lawrence Tse, Partner and Co-Founder of Gobi Partners
- Mr Zijie Wang (Oji Takeshi), Founder and CEO of Nineyou
- Mr Sonny Wu, Managing Director, GSR Ventures
- Mr K O Chia, President of Hong Kong Venture Capital Association
- Mr Michael Chin, Partner, Haldanes Solicitors & Notaries
- Dr Lee Lam, Chairman, Monte Jade Science and Technology Association of Hong Kong
- Mr John McLellan, Partner, Haldanes Solicitors & Notaries
In addition, a networking luncheon was organised during which participants and speakers mingle to exchange visions and explore investment opportunities.
¡§Beyond the excitement of meeting with some of the legends of the venture capital and investment industry, I would hope that the forum today has helped many investors and entrepreneurs finding each other and working toward building a win-win partnership,¡¨ Mr Yang said.
About Hong Kong Cyberport (www.cyberport.hk)
Hong Kong¡¦s IT Flagship is a US $2 billion (HK$15.8 billion) landmark project managed by Hong Kong Cyberport Management Company Limited and wholly owned by the Government of the Hong Kong Special Administrative Region (HKSAR). The project is being developed on a 24-hectare site at Telegraph Bay in the southern district of Hong Kong Island. It comprises four office buildings, a five-star hotel, a retail entertainment complex and a deluxe residential development, aiming at creating an interactive environment that will be home to a strategic cluster of about 100 IT companies and 10,000 IT professionals.
Cyberport won the internationally acclaimed Intelligent Building of the Year Award 2004 in New York City on June 11, 2004, which is given to commercial buildings that have used broadband and information systems technology to add demonstrable value in the form of advanced services and merits to its tenants.
Ends/Tuesday, December 6, 2005
Issued at HKT 19:02
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