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 VC系列：人物系列：红杉资本中国基金创始人张帆离职（转帖） |
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VC系列：人物系列：红杉资本中国基金创始人张帆离职（转帖） -- 安普若 - (852 Byte) 2009-2-03 周二, 10:59 (2954 reads) |
天蝎座的
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[个人文集]
头衔: 海归中将
声望: 博导
加入时间: 1970/01/01
文章: 3185
来自: S.F
海归分: 507616
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作者：天蝎座的 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
Sheng
13:02 02Feb2009 RTRS-UPDATE 2-Sequoia Capital China founding partner
Zhang resigns
(Adds sources' comments, partner background and Carlyle lawsuit)
By George Chen
HONG KONG, Feb 2 (Reuters) - Zhang Fan, one of the founding
partners of the Chinese arm of Silicon Valley-based Sequoia Capital,
said on Monday he had resigned due to personal reasons.
Sequoia Capital, one of the most influential venture capital firms
in the world, has faced challenges lately in China after aggressive
investment expansions in the past few years.
Shen Nanpeng, also known as Neil Shen, who set up Sequoia Capital
China with Zhang in 2005, remains founding partner of the firm, but is
now embroiled in a lawsuit launched by U.S. firm Carlyle Group
[CYL.UL], according to legal documents seen by Reuters.
Carlyle is seeking $206 million in damages from Shen, alleging he
illegally thwarted Carlyle's planned deal in a Chinese medical
research firm, according to the lawsuit filed with a Hong Kong court
in December.
Lawsuits between private capital investors are rare in Asia.
Zhang resigned from the firm late last year and planned to pursue
new opportunities, he told Reuters when reached by telephone.
Two industry sources close to Zhang said he may launch his own
investment fund with a focus on China deals, but Zhang said it was too
early to decide on a specific plan for the future.
Beijing-based Asia Media Co, one of Sequoia Capital's early deals
in China that was led by Zhang, was forced to delist from the Tokyo
Stock Exchange in September after its founder and former top boss
resigned, saying he had misallocated capital from the company.
The delisting attracted a lot of media attention at the time in
both Japan and China, as the digital TV guide service provider was the
first Chinese firm to list in Tokyo.
Sequoia Capital China confirmed Zhang's departure but declined to
comment on Shen's case.
EARLY BIRDS
Shen and Zhang are often described by Chinese media as the
country's best-known venture capitalists, having helped Sequoia
Capital to raise a combined $1 billion for three U.S.
dollar-denominated China funds and 1 billion yuan for a local currency
yuan-denominated investment fund.
On Wall Street, Shen is also well known for two Nasdaq-listed
Chinese firms -- Ctrip.com <CTRP> and Home Inns & Hotels Management
Inc <HMIN>. Both were founded by Shen before he set up Sequoia
Capital China with Zhang.
"Before Shen and Zhang, very few people in China knew what Sequoia
Capital was," said one industry source.
"They were really early birds. When they came to China to set up
the fund, very few people could even understand how venture capital
worked," he added.
Prior to Sequoia Capital, Zhang worked at DFJ ePlanet Ventures,
where he served on the boards of Baidu Inc <BIDU> and KongZhong Corp
<KONG> and also led the investment in Focus Media Holding Ltd
<FMCN>.
Some of its portfolio firms are already listed, for example, Renhe
Commercial Holdings Co Ltd <1387>, a Chinese developer, while some
other technology related portfolio firms expect to list in the next
fews years, depending on the market environment.
(Editing by Ken Wills)
(([email protected]; +852 2843 6532; Reuters Messaging:
[email protected]))
For related Asian private equity news, Reuters 3000 Xtra users can
double click on: [LEN-RTRS-ASIA-PVE]
Keywords: SEQUOIACAP CHINA/
For Related News, Double Click on one of these codes:
[E] [U] [NAW] [Z] [PSC] [RNP] [DNP] [PCO] [PCU] [ASIA] [CN] [EMRG]
[US] [HK] [MNGISS] [FUND] [PVE] [MRG] [ISU] [WWW] [TECH] [EUROPE]
[BNK] [RELX] [BUS] [STAY] [LEI] [ITSE] [MUL] [WLES] [BACT] [DEAL]
[MEVN] [CCOS] [CYCS] [ENTS] [SWIT] [TCOM] [LEN] [RTRS] [CYL.UL]
[CTRP.O] [HMIN.O] [BIDU.O] [KONG.O]
For Relevant Price Information, Double Click on one of these codes:
<CYL> <CTRP> <HMIN> <BIDU> <KONG>
Monday, 02 February 2009 13:02:29RTRS [nHKG279379]
作者：天蝎座的 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 VC系列：人物系列：红杉资本中国基金创始人张帆离职（转帖） -- 安普若 - (852 Byte) 2009-2-03 周二, 10:59 (2954 reads) - more story in this Reuter release. Carlye is going after SH -- 天蝎座的 - (4115 Byte) 2009-2-03 周二, 12:55 (712 reads)
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