Keytone Ventures

South Asia, Rest of the World Consumer Services, Financials, Infrastructure, Communications and IT Services

Venture capital fund investing in China.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Rest of the World, South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
China
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Communications and IT Services, Consumer Services, Financials, Infrastructure
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Keytone Capital Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
June 2007
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$90m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Borqs

Borqs is a handset developer providing an open source mobile operating system (OMS) based in Google Android platform.

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China Rest of the World Communications and IT Services January 2009 Active
Tongfang Energy/China Eastern Energy Corp Ltd

Tongfang Energy is a pioneer waste management and renewable energy company, the first of its kind in China. The company treats municipal waster and supplies biogas and anaerobic digestion technology.

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China Rest of the World Infrastructure January 2009 Active
Micromedia Limited (Keygate)

Keygate is a behaviour based online advertising technology company in China. Its technology generates user profiles based on the users online behaviour and serves relevant advertisement.

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China Rest of the World Other consumer services January 2009 Active
Tongfang Energy/China Eastern Energy Corp Ltd

Tongfang Energy is a pioneer waste management and renewable energy company, the first of its kind in China. The company treats municipal waster and supplies biogas and anaerobic digestion technology.

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China Rest of the World Infrastructure January 2009 Active
Sinowyde Energy Technologies

Sinowyde is an energy efficiency technology company, providing energy saving systems primarily for outliers (including industrial/power plant boilers) to reduce coal consumption by improving combustion efficiency.

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China Rest of the World Infrastructure December 2009 Active
YouYou Holdings Limited (Company T)

YouYou Holdings is a fully automated online travel agency offering real time flight and hotel reservations services.

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China Rest of the World Other consumer services December 2009 Active
PnR

PnR is a payment service provider in China, operating in the travel, B2B ecommerce and logistics

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China Rest of the World Financial services December 2013 Active
Garena (Sea Ltd)

Garena is one of the largest internet companies in Southeast Asia and has over 1000 employees. The company operates in multiple sectors including online banking, e-commerce, internet security and social networking.

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Rest of the World Communications and IT Services February 2015 Active
Shunfeng International Clean Energy Ltd

Shunfeng International Clean Energy Limited is an investment holding company engaged in the manufacture and sale of solar cells, solar modules and related products.

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China Rest of the World Infrastructure August 2015 Active
Huifu Payment Limited China Rest of the World Communications and IT Services June 2018 Active