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Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
Tsing Capital Presentation by Daniel Zhu
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Tsing Capital Presentation by Daniel Zhu

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Daniel Zhu, Partner at China's first cleantech venture capital firm, Tsing Capital, joined OnGreen at their headquarters to discuss market entry strategies into China.

Daniel Zhu, Partner at China's first cleantech venture capital firm, Tsing Capital, joined OnGreen at their headquarters to discuss market entry strategies into China.

Published in: Technology, Economy & Finance
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  • 1. Photo by Sandy Xu @ Tsing Capital Doing Well by Doing Good© Tsing Capital! ! The Pioneer and Leader of Cleantech Investment in the ! World’s Largest Market! !
  • 2. Our Vision Founded in 2001 on the philosophy of “Doing Well by Doing Good©,” Tsing Capital has since become the global pioneer and leader in environment and cleantech investment. With the vision that sustainability would be a fundamental paradigm shift in human activities and create the greatest economic opportunity of our time, the firm has invested in cleaner and better ways of producing and living. As China emerges as the largest market, Tsing Capital is poised to seek superior returns for its investors environmentally, socially, and financially. 2 / 14
  • 3. High GDP = 3 “Highs” in Growth, Energy Consumption & Pollution In 2010, China’s energy consumption per unit GDP is 5 times of Japan and 3 times of US 3 / 14
  • 4. Challenge: World Factory vs. World Polluter Export  Growth  vs.  CO2  Emissions   CO2  Emissions  (megatons)   Exports  ($  billion)   7000   1400   6000   1200   5000   1000   4000   800   3000   600   2000   400   1000   200   0   0   1988   1990   1992   1994   1996   1998   2000   2002   2004   2006   2008   Source: Tsing Capital, blog.cfr.org, 4 / 14
  • 5. Opportunity: Clean Economy is Government’s Top AgendaChina has gone through 10 years ofCleantech policy development 2010 & Beyond: Dominant Priority 2003-2009: •  4 out of 7 strategic National Agenda emerging sector focus including New Energy, •  Circular Economy Energy Efficiency, •  Green GDP Sustainable 1990-2002: •  Environmentally Transportation and New Friendly and Resource Materials Scientific Terms Efficient Society •  12th Five Year Plan •  Established working •  Renewable Energy groups Law •  Ratified UNFCCC and •  Green Olympics Kyoto •  Low Carbon Economy Source: Tsing Capital & CGTI Analysis Dec ‘10 5 / 14
  • 6. High-Growth Market OpportunityEnvironment is Key Theme for China’s 12th Five Year Plan Strategic Emerging Industries Highlights 4 out of 7 CleantechRelated Sectors as Focus Areas by Central Government Next Bio- High-End New Alt Energy EE and EP Generation IT Engineering Manufacturing New Energy Materials Vehicles* Energy efficiency and environment protection is the #1 priority Source: Tsing Capital & CGTI All seven emerging industries will contribute at least 8% of GDP by 2015 Analysis Dec ‘10 6 / 14
  • 7. Aggressive Mandatory Targets for 12th FYP10 Targets set for China’s 12th Five-Year Plan (with 4 targets continued from 11th Five-Year Plan) Source: CGTI Analysis Mar ‘11 7 / 14
  • 8. Clean Economy and Our FocusDemonstrated Domain Expertise Across a Diverse Spectrum of China’s Clean Economy§  The global pioneer and leader in environment and cleantech investment, Tsing is poised to seek superior returns for its investors environmentally, socially and financially in the following industry sectors: Eco - Organic Husbandry Foods Fertilizer & Green Pesticides Substitutes Cleaner Fossil Sustainable Nano-materials Agriculture New Bio- Renewables New Materials degradables Energy Electrical Tsing EVs and Appliances Energy Capital Transportation Sustainable Batteries Efficiency Energy Public Transmission Carbon Transportation Reduction Systems Environment Protection Energy Generation CER Air CCS Water Waste*Proprietary to Tsing Capital. 8 / 14
  • 9. Opportunity: China is the World’s Largest Clean Energy Investor 2010  China’s  Clean  Energy  Investment  Reached  $55  Billion : Who’s Winning the Clean Energy Race 2010 – Pew Charitable Trust 9 / 14
  • 10. Opportunity: China is the Largest Cleantech Market #1 solar PV production (50% of #1 installed base of #1 wind-power global PV cells in solar water heaters market (200GW 2009, 30GW (over 125 million m2) installation by 2020) installation by 2020) #1 auto production #1 hydro resources and market (13 #1 water demand million new vehicles (540GW); in 2009) #1 in CDM #1 fresh water And many more registration farming 10 / 14
  • 11. Development of Cleantech Investment in ChinaTsing Positioned at the Forefront in the Development of Clean Economy Investment in China CEF 2002 CEF 2004 CEF III CEF IV (Fund I) (Fund II) (Fund III) (Fund IV) Niche Mainstream Leader Dominant Environment Sustainable Circular Protection Development Economy Clean Economy VC cleantech investment in China Smart Grid (USD in Millions) Sustainable 2400 Agriculture 2000 Sustainable Transportation 1600 New 1200 Materials Wind Solar 800 Energy Solid Waste Efficiency Water Air 400 Treatment Treatment Treatment 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010e *Source: Tsing Capital. 11 / 14
  • 12. 2009: Cleantech Becomes VC/PEs’ Top Focus in China China VC/PEs’ Investment Focuses in the Next 1-2 Years, over taking traditional investment areas! Source: CVCA 2009 China PE Industry & Regulatory Environment Survey Report ! 12 / 14
  • 13. 2010 Q1: Cleantech Becomes VC/PEs’ Largest Investment Sector No.  2  by   Deals No.  3   No.  1  by   by  Exits AmountSource: Zero2IPO, Apr ‘10 13 / 14
  • 14. 2010 1H Chinese vs. Non-Chinese Cleantech IPOs 2009 Q4 – 2010 Q2: CHINESE Cleantech Companies IPOs = $ 6.3 billion VS Source: Cleantech Group, Jul ‘102009 Q4 – 2010 Q2: NON-CHINESE Cleantech Companies IPOs = $ 2.0 billion 14 / 14
  • 15. Pioneer and Leader in China Clean Economy Investment No.  1  brand   and  largest     cleantech  team   in  China   Since  2001   Strong   first  cleantech     domain   fund  in  China   experFse   and  one  of  the   supported  by   earliest  in  the   Tsinghua   world University Proven   Largest   superior  track   cleantech  deal   record flow 3  US  funds  +  1   RMB  fund 15 / 14
  • 16. Tsing Capital Has Grown Significantly Over the Past 9 Years Dominant Player “An evangelist in Chinese cleantech investment”, Leader International Financing CEF IV Mainstream USD 350M “A visionary leader in CEF III Yiyun II cleantech venture Pioneer USD 228M RMB 1500M investment across CEF 2004 Yiyun I Silicon Valley and China USD 30M RMB 400M CEF 2002 with extensive USD 13M achievements”, Asia Venture Capital Journal2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Tsing Capital has been selected by HBS as a case study Benefits to TC: substantial contribution to management education, value-add to TC development and maintain valuable relations with HBS network 16 / 14
  • 17. Exceptional Management and ResourcesTsing Professionals and Organization Widely Recognized for Pioneering VentureInvestments in the Cleantech Space in China n  “10 Companies to Shape the World in 2020”, Sustainable Excellence (2010) n  #1 of “Top 5 Cleantech VC Ranking”, CCIS / SSG Capital (2010) n  #1 of “Top 10 Greentech VC Firm”, ChinaVenture (2010) n  2008 “Cleantech Leader Award”, Cleantech Group (2009) Tsing Capital n  2008 “Best Corporate Citizenship Growth”, 21st Century News Group (2008) n  2005 “Cleantech Pioneer Award”, Cleantech Group (2006) n  “2010 China Most Valuable Enterprises Award” No. 7, EZCapital (2010) n  “Top 20 Domestic VC Firms of the Year 2010”, Zero2IPO (2010) n  2010 Best Clean Tech Company (China), The New Economy Magazine (2010) n  2009 “Outstanding Corporate Citizen”, Ministry of Civil Affairs (2009) n  2009 “Top 50 GP’s in China”, China Limited Partners Association (2009) n  “Top 50 VC Firms of the Year”, Zero2IPO (2003-2010) n  “40 China’s Most Powerful People 2009”, BusinessWeek (2010) n  “2010 China’s Best Venture Capitalist” No. 35, Forbes China (2010) Don Ye n  “2010 Green Person of the Year”, Chinese Esquire (2010) n  Top 50 “China’s Best Venture Capitalist”, Forbes China (2009) n  “25 Promoters of Business Globalization”, Global Entrepreneur (2009) n  “25 Stars of China”, BusinessWeek/China (2009) 17 / 14
  • 18. Tsing Capital Portfolios Family 18 / 14
  • 19. Portfolio Achievements 2010 ChinaVenture  CVAwards  Most  Promising  100  Firms  EZCapital  /  Holyzone  “2010  China  Most  Valuable  Enterprises  Award”  SSG  Capital  –  China  Cleantech  Investment  Summit  “Top  5  Cleantech  Enterprise”  19 / 14
  • 20. Don Ye: Cleaning Up “the World’s Factory” (Cover Story), PE Asia Don  Ye:  “Cleaning  Up  the  World’s  Factory”   PE  Asia  (June  2011)   “A  true  winner  cannot  shine  without  fierce   compeFFon.  In  a  one-­‐man  ba[le,  you  might   be  first  but  you’re  also  last.”    20 / 14
  • 21. Don Ye: 40 “China’s Most Powerful People 2009”, BusinessWeek   Don  Ye:  40  “China’s  Most  Powerful  People   2009”   BusinessWeek  (Dec  2009)     Mr.   Don   Ye,   the   Managing   Partner,   was   selected  China’s  Most  Powerful  People  2009   by   BusinessWeek   for   his   pioneering   efforts   in   cleantech  venture  investment  in  China.  Other   notable  people  selected  include  President  Hu   Jintao,   Vice-­‐President   Xi   Jinping,   Premier   Wen   Jiabao,   Alibaba   Founder   and   CEO   Jack   Ma,   Lenovo   Group   Chairman   Liu   Chuanzhi   and  NBA  basketball  star  Yao  Ming. 21 / 14
  • 22. Tsing Capital in Media 2010 22 / 14
  • 23. Tsing Capital’s ESG and CSR Performance Selected as one of “Ten Impact  by  CEF  Porjolio  Companies  by                       Companies That Will Environmental  and  Social  Categories  in  2009   Shape the World in 2020” in Aron Cramer’s new book 11,680,668 tons = CO2-e Reduced 176,894 GWh = Clean Energy Generated US$ 22,589,825 = Invested in Cleantech R&D 30,046 = Green Jobs Created Sustainable Excellence: The Future of Business in a Fast-changing World (Rodale Books, 2010), written by US$ 26,035,355 = Taxes Paid to Government BSR’s CEO Aron Cramer Tsing Capital has “set a course for Chinese private investment that will be vital to the sustainability of US$ 91,774 = Spent on Community Development prosperity and growth both for China and for the world as a whole” 23 / 14
  • 24. In-House Research Capability Research   and   Samples     Analysis  Internal     Team   Market   Investment   Dynamics   Team   Industry   Advisors   Experts   External     Research   Peers  and   Insatutes  and   Personal   Associaaons   Contacts   24 / 14
  • 25. Tsinghua University Resources Tsinghua Holdings Tsinghua University n  Internationally recognized, prestigious andn  Exclusive asset management arm wholly influential university in China owed by Tsinghua University n  Academic leaders in science andn  Almost 100 companies under management technology, comprising most members ofn  32B RMB revenue in 2008 China Academy of Science and China Academy of Engineering n  Leading environmental, automotive, thermal, mechanical, chemical and civil engineering departments in China n  71 research institutes/centers, 166 laboratories; Over 1,000 new technologies developed annually n  Over 60,000 alumni world wide, all over various sectors n  Strong government backing and extensive deal flow  Listed / Science Tsing Incubation Industrial Non-listed Park  Center Bases Enterprises Capital 25 / 14
  • 26. Tsing Capital’s Value-add to Portfolios Social  &   Environmental  System   &  Compliance AddiFonal   Strengthening   Financing Corporate  Governance Enhance  Publicity   Tsinghua  University   and  Synergy   amongst  Porjolios Tsing  Capital R&D  and  Policy-­‐ making   Training  by  Experts   Formulate  Business   e.g.  Finance,  Tax,  BD,   Strategies   LP  Resources:   Market  Dynamics -­‐   Project  Financing   -­‐  Strategic  Partners 26 / 14
  • 27. World Class Investor SupportTsing Capital is supported by many of the world’s most prominent organizationsin the field of cleantech  Strategic Government Listed DFIs! Induction MNCs! Funds! Companies! China Environment Yiyun Cleantech Fund Series! Fund Series! Financial Family Renowned Strategic Private Institutions! Offices! Enterprises! Investors! 27 / 14
  • 28. Tsing Capital Fund StructureCEF CEF CEF CEF Yiyun I ! Yiyun ! II2002 2004 III IV USD ! RMB ! 28 / 14
  • 29. For Further Information Tsing Capital A 2302, SP Tower Tsinghua Science Park Beijing 100084 China Tel: 8610-8215 1160 Fax: 8610-8215 1150 www.tsingcapital.com 29 / 14

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