Thereis a group of elites among Zhejiang Businessmen: they have innovative ideas, great drive and longing for the future. They are called “new leaders for Zhejiang businessmen” who are taking the responsibility for becoming economic leaders in the future.Those businessmen who got the title of “new leaders for Zhejiang businessmen” last year have started their new chapters for 2016.
Today we have a conversation with one of the “new leaders for Zhejiang businessmen” last year and the chairman of Tunlan Capital, Yongjie Yao.
2015浙商新领军者、杭州暾澜投资管理有限公司董事长姚勇杰
In 2015, Tunlan capital invested in over 40 projects from different industries, such as TMT, Big Health, Big Data, cultural media, tourism etc., for about 500 million RMB.
Yao maintains that he prefers to regard himself as a cooperative partner for start-ups and is willing to explore their potentials and help them build up their own competitive advantages.
The Success of Tunlan
Yao believes that a company without weakness is not a desirable project, because there is no room for investors to explore its residual value.
Over 80% of Tunlan’s projects have got the next round of financing.
Showjoy is one of the most famous projects of Tunlan. Its revenue in 2015 exceeded 500 million RMB and it started its preparation for public listing in August. Showjoy may become the first listed company incubated in Zhejiang Overseas High-level Talents Innovation Park. Another project 59store is devoted to provide food and snacks for college students at late night. It uses OC, APP and Wechat to receive orders and uses C2C mode to deliver food to customers in 5 minutes. Now, 59store is taking the lead in O2O services on campus.
Moreover, another investment project Canaan-creative is the worldwide leader in producing Blockchain servers and solutions for repetition ASIC. Its products take 30% of market share in the world.
Innovations in Traditional Industry
In January 2016, Fortune 500 company Zhejiang Material Industrial Zhongda and Tunlan signed investment contract and establish the Material Industrial Tunlan Emerging Industry Fund of 10 billion RMB, focusing on emerging industries such as medical treatment and Industrial Internet.
“We want to help transform and upgrade traditional enterprises through cooperation, letting entrepreneurs make profits through investment practices and gradually attach greater importance to investment.” Yao says that one advantage about cooperating with a listed company is that one can lower the risk of loss because it is possible to predict which list company will buy the investment project in the future.
When talking about the future orientation of investment, Yao expresses that Tunlan will not focus only on the emerging Internet industry, but also pay attention to projects using Internet thinking and technology innovation to transform and upgrade traditional industries.
“The traditional industry is the most vital industry. It has different way of operation in different era.” Yao maintains that Zhejiang is an important manufacturing industry province with a lot of people with high caliber from big enterprises like Alibaba and NetEase. These two advantages pave the way for Tunlan to use the Internet and IoT to transform traditional industries.
