Recently, Ventech China, together with few first-tier funds, industry experts and enterprises, co-sponsored the activity named “Plan B”, an initiative focusing on To B sector investment. The launching ceremony was held in Beijing during the 2019 Artificial Intelligence industry summit.

“Plan B” will be the bridge connecting venture capital to various enterprises in the To B sector. The activity aims to explore value investments, share innovation trends, integrate industrial resources and establish deep cooperation among different parties. Meridian Capital will be the first rotational chairman. Besides Ventech China, the first member list includes GSR United Capital, Kinzon Capital, Galaxy Capital, Cash Capital, Yunqi, F&G Venture, THG Ventures, Eastern bell Venture Capital,  GSR Ventures, Vision+ Capital, Northern Light Venture Capital, Gobi Venture Capital, DT Capital, Delta Capital, Green Pine Capital, Nino Capital, etc.,

Ventech China Managing Partner James Jin:

It is generally known that both industrial entrepreneurs and internet players are affected by the economic downturn as well as the gloomy capital market. Ventech China firmly believes that the Chinese economy is experiencing industry consolidation rather than the recession. Instead of simple business model improvements, technological innovation will be the right direction leading to the future. The knowledge and technology concentrated industry will replace the traditional intensive industry swiftly. Hence, technology innovation will become the main driving force for the next business transformation.

During this period, we have noticed that big players, including Baidu, Alibaba, and Tencent, are constantly changing their future objects. All three companies have pushed the enterprise service sector to a particularly important position and Ventech China is no exception. We affirm our future focus on B business, scientific research, and innovation. The proportion of investment of each enterprise in R&D and innovation practice will become our essential evaluation dimensions.