
By Gabby Chen
ZTE Zhongchuang (中兴众投), the wholly-owned subsidiary of Chinese major telecommunications equipment maker ZTE, won "The Best Industrial Investment Institution of the Year Award" at the 2023 China Semiconductor Investment Alliance (CSIA) Annual Meeting & China IC Top Award Ceremony held on December 17 in Hefei, eastern China's Anhui Province.
Founded in 2017, ZTE Zhongchuang is based in Xi'an, northwestern China's Shaanxi Province. It focuses on early and mid-stage investments in the communications industry chain, 5G, AI, and other technical fields.
Among its portfolio projects, ZTE Zhongchuang has several companies successfully moved into IPO process. They include Toll Microelectronic (拓尔微电子), Taclink (无锡德科立), Joulwatt Technology (杰华特微电子), Huafeng (华丰科技), and BIWIN Storage (佰维存储).
Wang Xiang, senior vice president and chief strategy officer of ZTE, also won the "Best Investor of the Year Award". He guided the project of ZTE Caltta (中兴高达) that achieved a return rate of 2097%. And his ZNV (力维智联) project had a 1797% return rate.
Yan Zu, general manager of ZTE Zhongchuang, won the "Best Industrial Investor of the Year Award". He had the honored titles as "Xi'an's AI expert" and "Mentor of Science and Technology Entrepreneurship" in 2019.
The Best Industrial Investment Institution of the Year Award aims to recognize institutions with outstanding performance. Its fund management scale should be at least RMB3 billion ($430 million).
A total of 30 companies won the award this year. Other winners include:
Sino IC Leasing (芯鑫租赁),
Oriza Holdings (元禾璞华),
PDSTI (浦科投资), and
Lightspeed China (光速中国).
RELATED
-
Chinese EV giant BYD invests in Baidu-backed AI chip company Kunlunxin
03-17 17:30 -
Bloomberg: Chinese driverless technology startup WeRide files for $500 million IPO in the US
03-17 17:29 -
Yicai Global: China's leading CNC manufacturer Huazhong Numerical is to boost its computer numerical control system
03-17 11:13
READ MOST
-
ijiweiTalk Ep 244: China Cracked Quantum Encryption? END GAME of password!
1.2w03-14 13:56 -
China’s national semiconductor Big Fund injects $1.87 billion into the country’s top memory chipmaker YMTC with a stake in it
874503-02 21:33 -
ijiweiTalk Ep 239: Metaverse's huge business loss, where did the money go?
808102-27 11:16 -
China’s top international trade organization CCPIT: US' abuse of export control measures will seriously hinder the advance of chip industries in both China and the world
785502-23 17:28 -
JW Insights: China’s booming display panel industry prompts upstream polarizer companies to expand production and seek M&As
764402-23 18:31