Suzhou Oriza Holdings Corporation
Native name
蘇州元禾控股股份有限公司
FormerlyChina-Singapore Suzhou Industrial Park Ventures
Suzhou Venture Group
TypeState-owned enterprise
IndustryInvestment management
Founded28 November 2001 (2001-11-28)
HeadquartersSuzhou, Jiangsu, China
Key people
Liu Chengwei (Chairman)
ProductsVenture Capital
Private equity
Private credit
Fund of funds
AUMUS$14 billion (2023)
OwnerSuzhou Industrial Park Administration Committee
ParentSuzhou Industrial Park Economic Development Co., Ltd (59.98%)
Websitewww.oriza.com.cn
Footnotes / references
[1][2][3]

Oriza Holdings (Oriza) (Chinese: 元禾控股; pinyin: Yuánhé Kònggǔ) is a Chinese investment firm founded in 2001. The firm is the investment arm of Suzhou Industrial Park. It provides equity and debt financing and seeks to invest in companies based in the technology, healthcare and materials sector. It also has a fund of funds strategy that invests in other venture capital and private equity funds.

Background

Oriza traces its roots back to 1994 when Singapore and China established the Suzhou Industrial Park which is also known as the China–Singapore Suzhou Industrial Park.[2][4]

On 28 November 2001, China-Singapore Suzhou Industrial Park Ventures (CSVC) was founded as an investment firm that could funnel capital to the technology startup companies at the park.[1][2][5][6]

On 28 September 2007, the firm underwent restructuring and the entity known as Suzhou Venture Group (SVG) was formed.[7][8]

In November 2012, the firm was renamed to Oriza Holdings.[2][9]

In 2015, the firm set up Oriza Ventures, a Silicon Valley unit that invests in American startup companies.[10][11]

Although the firm is state-owned it claims that it takes on an entirely market-oriented approach in identifying its investment targets.[2] While it maintains good relationships with local governments, it will refuse to invest in projects which could jeopardize the firm's reputation.[2]

Notable deals

Signing ceremony launching Infinity-CSVC China Fund, 22 June 2004

In 2004, the firm partnered with the Infinity Group to establish a joint Israel-China fund of US$15 million known as the Infinity-CSVC China Fund.[7][12]

In 2008, the firm launched a second joint Israel-China fund of US$300 million known as the Infinity-I China fund.[7][12][13]

In December 2010, the firm partnered with China Development Bank to launch Guochuang Fund of Funds, a US$9 billion state-backed fund of funds to support China's venture capital and private equity firms.[2][14][15]

In 2013, a consortium that included, Oriza, CITIC Capital and China Merchants Group acquired a 24.5% stake in SF Express for 8 billion RMB.[2][16] After SF express went had a large initial public offering in 2017, it was estimated that Oriza could have obtained a 10 times gain.[2][17]

In November 2015, Oriza, Tencent and Alibaba Group contributed US1.6 billion to CMC Holdings, an investment platform launched by Li Ruigang and his firm China Media Capital.[2][18] In December 2015, CMC holdings would acquire a 13% stake in City Football Group, the owner of Manchester City F.C. for US$400 million giving Oriza a stake of the club.[2][19]

In October 2020, Oriza and CDH Investments purchased US$219 million worth of CSI Solar shares from its parent, Canadian Solar so CSI Solar could qualify for a planned carve out initial public offering in China.[20]

In 2022, it was reported that the China Integrated Circuit Industry Investment Fund known as the "Big Fund" had invested into Oriza.[21][22] The fund was under investigation for suspected corruption and bribery.[21][22]

References

  1. 1 2 "Oriza Holdings Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com.
  2. 1 2 3 4 5 6 7 8 9 10 11 "Rich pickings |". Week in China. 17 March 2017.
  3. ↑ "SUBSTANTIAL SHAREHOLDERS" (PDF). HKEX.
  4. ↑ Migration (25 October 2014). "Suzhou Industrial Park: 10 things to know about the China-Singapore project | The Straits Times". www.straitstimes.com. Retrieved 31 March 2023.
  5. ↑ "Suzhou Venture Group Celebrates 10th Anniversary_Top stories". www.sipac.gov.cn. Retrieved 31 March 2023.
  6. ↑ "An Overview of SIP Technological Development". www.sipac.gov.cn. 14 February 2009. Retrieved 31 March 2023.
  7. 1 2 3 Weinstock, Suzanne (5 January 2013). "Infinity invests $20m in gaming company for Chinese expansion". Private Equity International. Retrieved 31 March 2023.
  8. ↑ "Government Approves a RMB500 Million Investment from Suzhou Ventures Group into Digital China IT Services - PR Newswire APAC". en.prnasia.com. Retrieved 31 March 2023.
  9. ↑ "Oriza Holdings Holds Inauguration Ceremony_Suzhou Industrial Park". www.sipac.gov.cn. Retrieved 31 March 2023.
  10. ↑ "Oriza Holdings rises to prominence with overseas projects_Suzhou Industrial Park". www.sipac.gov.cn. Retrieved 31 March 2023.
  11. ↑ "RPT-INSIGHT-China's penetration of Silicon Valley creates risks for startups". Reuters. 29 June 2018. Retrieved 31 March 2023.
  12. 1 2 EETimes (14 January 2008). "Israeli-Chinese VC fund edges closer to $350 million". EE Times. Retrieved 31 March 2023.
  13. ↑ "Israel's Infinity launches six China yuan funds". Reuters. 9 March 2010. Retrieved 31 March 2023.
  14. ↑ "China's CDB Capital Raises $1.4 Billion for Private Equity Fund". Bloomberg.com. 20 April 2012. Retrieved 31 March 2023.
  15. ↑ "CDB Capital to launch $9 bln PE, venture capital fund". Reuters. 20 December 2010. Retrieved 31 March 2023.
  16. ↑ Tudor-Ackroyd, Alison. "Chinese consortium buys S.F. Express stake | citic capital". FinanceAsia. Retrieved 31 March 2023.
  17. ↑ "SF Express Delivers Turbocharged IPO - Caixin Global". www.caixinglobal.com. Retrieved 31 March 2023.
  18. ↑ Liu, Winnie (2 November 2015). "Oriza, Tencent, Alibaba join CMC investment platform | AVCJ". AVCJ. Retrieved 31 March 2023.
  19. ↑ Jackson, Jamie (1 December 2015). "Manchester City owners announce £265m deal with Chinese investors". The Guardian. ISSN 0261-3077. Retrieved 31 March 2023.
  20. ↑ "China's CDH, Oriza back carve-out IPO of Canadian Solar's subsidiary". DealStreetAsia. Retrieved 31 March 2023.
  21. 1 2 Global, Caixin (12 August 2022). "Five things to know about China's scandal-struck chip industry 'Big Fund'". ThinkChina - Big reads, Opinion & Columns on China. Retrieved 1 April 2023.
  22. 1 2 Auto, Hermes (8 August 2022). "Graft scandal casts long shadow over China's chipmaking ambitions | The Straits Times". www.straitstimes.com. Retrieved 1 April 2023.
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