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

2017-Sep-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

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.”


Hugo Shong with Newsgd.com journalist [Photo by Wu Weihong]

Shong said he has visited Zhuhai nearly once a month in the recent years. In terms of the future he said, “The development of Zhuhai looks really promising to me. Especially with the construction of Hong Kong- Zhuhai- Macao Bridge, both capital and talent will be able to flow through the three cities more easily.”

Shong said entrepreneurs in Guangdong were very hard working and sensitive to the market.

“I met Su Zhigang, CEO of Chimelong, immediately after landing in Guanghzhou yesterday. Su is a very admirable Guangdong entrepreneur who started his empire of tourist theme parks from the ground up. I’m currently talking about cooperation with Su in the field of tourism,” said Hugo Shong.

 

(By Jasmine Editor:Wing,Olivia,Simon)

Editor: Jasmine

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