Invest in China, Invest in the Future of Your Business Growth
Despite the challenging credit environment, investors remain bullish about the long-term prospects of travel as an investment category, according to a recent survey by Hudson Crossing of the venture capital and private equity community.
Guangzhou, China, April 16th-Despite the challenging credit environment, investors remain bullish about the long-term prospects of travel as an investment category, according to a recent survey by Hudson Crossing of the venture capital and private equity community.
China has been the hotbed for international investment over the past 10 years. The most successful Chinese travel and hospitality companies, such as Ctrip, eLong, Qunar, Kuxun, Home Inns, 7 days Inn and Orange Hotel are all backed by venture capital. Japan´s largest online retailer Rakuten achieved 360% return over three years on its initial investment of US$110 million from Ctrip.
But not all investors are steadfast or lucky enough to succeed in China. An investor roundtable at the upcoming China Travel Innovation Summit will address the main challenges and opportunities of investing in China´s travel industry. Local travel gurus will advise what kinds of travel businesses are preferred for investments in the short term and long term.
The China Travel Innovation Summit gathers the leaders of the Chinese travel industry—successful investors and executives that will share their outlook on the fast past growth and great opportunities of this market. Roundtable pundits include:
William Bao Bean, Partner, Softbank China&India Holdings
Allen Zhu, Partner, GSR Ventures
Yu Qian, Principal, Fidelity Asia Ventures
Jianhua Jin, VP, ChinaVenture
Erhai Liu, Managing Director, Legend Capital
Startup Challenge will be the most exciting part of the Summit. 4-6 selected entrepreneurs from the startup companies who are less than 12 months in existence or companies leaving stealth mode (or are a little beyond startup) will have the chance to demonstrate their innovative solutions or products that will significantly impact travel planning, purchasing and trending. The winner will be rewarded the TravelDaily Innovator Award.
The 2009 China Travel Innovation Summit will be held at the Hotel New Otani Chang Fu Gong, Beijing from May 12-13, 2009. For more information, please visit the event website: http://www.traveldaily.cn/innovation/index_en.asp
TravelDaily(www.traveldaily.cn) is China´s leading online publisher and event organizer focusing on distribution, marketing and technology developments in the travel and tourism industries.