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Hugo Shong: IDG Capital hopes to develop next Chinese giant in Guangdong

2017-September-22       Source: Newsgd.com

Before our interview, Hugo Shong, Global Chairman of IDG Capital, had been granted a certificate in thanks for his attending the ICCFED, a conference organized for development suggestions from world’s leading enterprises.

Hugo Shong holding his certificate for attending the International Consultative Conference on the Future Economic Development of Guangdong Province (ICCFED) [Photo by Newsgd.com]

Before our interview, Hugo Shong, Global Chairman of IDG Capital, had been granted a certificate in thanks for his attending the ICCFED, a conference organized for development suggestions from world’s leading enterprises.

When asked about their proposal, Shong said IDG Capital would focus on investment in intelligent manufacturing, NEVs, professional services, healthcare and Internet +Finance.

“We would like to invest in projects with leading technologies or high technical thresholds, through which we could increase our competitiveness,” said Hugo Shong, “we are also interested in projects that can improve people’s living quality, such as injecting healthcare into tourism.”

Although this is the first time for IDG Capital to attend the ICCFED, the enterprise’s connection with Guangdong was forged long ago. The enterprise has previously invested in a wide rage of local enterprises, such as Tencent and Heytea, the latter now being the most famous tea vendor in China.

Hugo Shong also stressed that IDG Capital investment would develop the next generation of China tech giants such as Baidu, Alibaba and Tencent (BAT) and that he felt extra confident in Guangdong. “The next generation of BAT will be more connected to overseas markets. We have already helped some Guangdong enterprises to enter foreign markets with our global resources,” he said.

“Guangdong is not only a leading economy but a place full of luck for IDG Capital,” said Hugo Shong, “we discovered Baidu years ago in a convention on overseas talent exchange in Guangzhou.”

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Editor: Jasmine

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