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Source Code Capital
Source Code Capital () is a Beijing-based venture capital firm founded in 2014. The firm invests in companies from various fields such as information technology, biotechnology, retail and manufacturing. Background Source Code Capital was founded in 2014 by Yi Cao, a computer science graduate from Tsinghua University and a vice president at Sequoia Capital China. Investors of the firm include pension funds, sovereign wealth funds, college endowments, charities and private equity firms. The firm runs a peer and mentor alliance called "Code Class" each year, which consists of over 300 entrepreneurs and investors. Within the community, members can exchange experiences, resources and feedback to one another. Notable members of Code Class include Zhang Yiming of Bytedance and Wang Xing of Meituan. The firm is noted to have invested in some of China's startups such as Bytedance, Meituan, Li Auto and Niu Technologies. Funds Notable investments * Bytedance * Gu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies. Typically, a private equity firm will raise pools of capital, or private-equity funds that supply the equity contributions for these transactions. Private equity firms will receive a periodic management fee as well as a share in the profits earned (carried interest) from each private-equity fund managed. Private equity firms, with their investors, will acquire a controlling or substantial minority position in a company and then look to maximize the value of that investment. Private-equity firms generally receive a return on their investme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2014
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Companies Established In 2014
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guazi
Guazi (; id, kuaci), also called kwasi ( my, ) refers to roasted plant seeds. It is a popular snack in China, Malaysia and overseas Chinese communities, especially in Indonesia. While directly translated as "melon seeds" it usually refers to baked seeds of the sunflower, pumpkin, or watermelon seeds. It is often served as an appetizer during banquets. History The oldest documentation of the consumption of ''guazi'' is recorded in the ''Taiping Huanyu Ji'' though it is unclear what specific variety of seed was eaten. Watermelon seeds were the earliest to be consumed in China during the Tang dynasty and only became widespread during the Ming and Qing dynasties. The Wanli Emperor was described by Liu Ruoyu in the ''Zhuo Zhong Zhi'' to have “loved eating fresh watermelon seeds baked with salt.” There is a folk song from the late Ming that described a girl gifting a bag of shelled seeds to her lover. Consumption of pumpkin and sunflower seeds was only commonplace after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niu Technologies
Niu Technologies ( zh, 牛电科技; stylized as NIU) is an electric scooter company headquartered in Beijing, China. Yan Li has been its CEO and COO since December 2017. Founded in 2014 by two ex-employees of Xiaomi, it is now one of the largest electric vehicle manufacturers in China. Early on, it differentiated itself by using lithium-ion batteries as opposed to the cheaper lead-acid alternatives widely used in Chinese e-scooters at the time. It had nearly $300M in revenue in 2019. As of November 2020, 98% of its sales were in China. In 2018, it was listed on the NASDAQ stock exchange under the ticker NIU. Niu scooters are used by some vehicle-sharing enterprises. Revel Transit launched in New York City in 2019 with 1,000 Niu mopeds, later expanding to Washington DC, Austin and Miami. In 2021, Lime Lime commonly refers to: * Lime (fruit), a green citrus fruit * Lime (material), inorganic materials containing calcium, usually calcium oxide or calcium hydroxide * Lime (color) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Li Auto
Li Auto Inc., also known as Li Xiang, is a Chinese electric vehicle manufacturer headquartered in Beijing, with manufacturing facilities in Changzhou.https://www.sec.gov/Archives/edgar/data/1791706/000104746920004077/a2241802zf-1.htm History In 2015, Li Auto was created by Li Xiang. The company builds electric vehicles that use range extenders for a power supply. Li Auto has vehicle manufacturing, engineering, and design services located in Changzhou, Jiangsu Province with corporate headquarters and research and development located in Beijing. The company debuted on the Nasdaq in 2020. Investors of the company include Meituan and Source Code Capital. Models The company focuses primarily on premium EREV SUVs for the Chinese market. Four such vehicles have been announced: * Li One (2019 - 2022) * Li Auto L9 (2022 - present) * Li Auto L8 (2022 - present) * Li Auto L7 (2023) See also * Byton * Nio Inc. * Polestar * Tesla, Inc. * XPeng Guangzhou Xiaopeng Motors Technology C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meituan
Meituan (, literally "beautiful group"), formerly Meituan-Dianping, is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The company operates different apps and websites for different services. The Meituan site offers deals of the day by selling vouchers on local services and entertainment. By May 2014, the company had 5,000 employees. In 2015, Meituan merged with Dazhong Dianping and changed its name to "Meituan-Dianping". dianping.com ( 大众点评网 ''Dàzhòng diǎnpíng wǎng'', literally "public reviews net") hosts consumer reviews of restaurants, similar to Yelp and TripAdvisor, and also offers group buying similar to Groupon. Meituan-Dianping is one of the world's largest online and on-demand delivery platforms. It has over 290 million monthly active users and 600 million registered users as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wang Xing
Wang Xing (; born 18 February 1979) is a Chinese billionaire businessman and the CEO of Meituan-Dianping. ''Fortune'' listed Wang as number three on its 2018 "40 under 40" list. ''Forbes'' estimates his net worth at US$8.9 billion as of November 2022. Early life and education Wang Xing was born in 1979 in Longyan, Fujian, China. He graduated from Tsinghua University with a bachelor’s degree in electronic engineering in 2001. He pursued a Ph.D. in computer engineering at University of Delaware from 2001 to 2004 but then dropped out of the program. Nevertheless, in 2005, he received a master's degree in computer engineering from University of Delaware. Startups After dropping out of University of Delaware, Wang returned to China and, with a couple of friends, tried to create a Chinese version of the then-social networking site Friendster. His first such site was called Duoduoyou ("Many Friends"), targeting students in various Chinese universities. After Duoduoyou failed t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ByteDance
ByteDance Ltd. () is a Chinese internet technology company headquartered in Beijing and incorporated in the Cayman Islands. Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing social networking services and apps TikTok and Chinese-specific counterpart Douyin. The company is also the developer of the news platform Toutiao. As of June 2021, ByteDance hosts 1.9 billion monthly active users across all of its platforms. ByteDance has attracted legislative, regulatory, and media attention in several countries over surveillance, privacy, and censorship concerns. History Background In 2009, software engineer and entrepreneur Zhang Yiming collaborated with his friend Liang Rubo to co-found 99fang.com, a real estate search engine. In early 2012, the pair rented an apartment in Zhongguancun and, along with several other 99fang employees, began developing an app that would use big data algorithms to classify news according to users' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhang Yiming
Zhang Yiming (; born April 1, 1983 in Longyan, Fujian) is a Chinese internet entrepreneur. He founded ByteDance in 2012 and developed the news aggregator Toutiao and the video sharing platform TikTok (Douyin/抖音), formerly known as Musical.ly. As of October 2022, Zhang's personal wealth was estimated at US$55 billion according to ''Bloomberg Billionaires Index'' (US $49.5 billion in net worth by Forbes) which makes him the second-richest person in China after Zhong Shanshan. On November 4, 2021, Zhang Yiming stepped down as CEO of ByteDance, completing a leadership handover announced in May 2021. Early life and career Zhang was born on April 1, 1983, in Longyang Fujian, China. In 2001, he enrolled at Nankai University in Tianjin, where he majored in microelectronics before changing to software engineering, and graduated in 2005. He met his wife at university. In February 2006, Zhang became the fifth employee and the first engineer at the travel website Kuxun, and he was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charitable Organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, Religion, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The Charity regulators, regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. (However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership). Financial figures (e.g. tax refund, revenue from fundraising, revenue from sale of goods and services or revenue from investment) are indicators to assess the financial sustainability of a charity, especially to charity evaluators. This ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
