CoStone Capital keeps a close eye on high potential start-ups and offers all-round services to excellent entrepreneurs. “Angel investment, a part of CoStone Capital’s charitable campaigns, needs to be run as an enterprise and a business, in order to scale up and benefit more entrepreneurs.”
CoStone Capital helps early-stage companies to industrialize their knowledge and technologies. CoStone Capital values the margin of safety, growth potential, valuation, and world-class core technologies of an enterprise.
CoStone Capital focus on TMT, healthcare, entertainment, consumer and services for industrial leaders and outstanding management teams in a fast-growing market and industry. Instead of pursuing hot spots and racing tracks, CoStone Capital always concentrate on the enterprise with tangible performance improvement opportunities.
CoStone Capital stands for values such as entrepreneurship, professionalism and globalization. We also applied these values to our M&A transactions, introduced world-class and cutting-edged technologies and managerial models to local business.
CoStone Capital specializes in multi strategies including PIPE and public equity. We provide a lifelong capital services to our portfolios with a long-term investment devotion.
Global reach and local presence, CoStone Capital engages with industry leaders and entrepreneurs in all key markets. Yangtze Global Growth Fund was founded by CoStone Capital in Hong Kong to facilitate active investment in leading technologies and start-ups run by global talents.
CoStone Capital is differentiated by its rare and well-defined post-investment management system and rich experience. The institutionalized post-investment management enabled CoStone Capital to provide all-round, detailed and individualized services on transaction, risks monitoring, value creation and empowerment.
CoStone Capital help portfolio companies to improve efficiency via strategic consulting and coaching. Our objective is to improve the market position of each company in a sustainable manner. We aim to make successful companies even more successful.
CoStone Capital would send professionals and expertise to help our portfolio improving financial, legal & compliance and IT abilities that contribute to better operational capability.
We aim to promote networking, exchange and greater synergy between portfolios and CoStone Capital friends including investment banks, consultants, industries, law firms, research institutes and a various of resource network.
CoStone Capital help our portfolios with M&A at the upstream and downstream of the industrial chain through extensive acquisitions. We have conducted several markable global acquisition for our portfolios like Sunward（002097）、HCD（300278）and EFORT（688165）
CoStone Capital commits to help our portfolios with follow-up financing and IPO plans and offers a whole gamut of services contributing to a successful entry into the capital markets.
Not all CoStone Capital portfolio boasted entrepreneurship, but those who did brought CoStone time-enduring and extraordinary profits.
CoStone Capital enjoys a large scale of commitment, ranks top among Chinese RMB funds. Experienced and professional, CoStone Capital keeps exploring the realm of holding M&A investment in which it is operating the exceptional projects like PhramPlus（全亿健康），Xcar.com（爱卡汽车） etc.
Sharing an unwavering mission of growing businesses in partnership with management, CoStone Capital’s founding team work closely in the past 20 years and no one left, which is very rare in China private equity market.
The average investment amount run up to ¥100 million and CoStone Capital led or co-led the investment in a majority of those deals. Highly concentrated investment made post-investment services possible and feasible.
Among the 170+ CoStone Capital portfolios, we accomplised 70+ exits including 40+ IPOs. The approximate 40% liquidation rate and 60% IPO rate ranks top among our private equity peers.
CoStone Capital reshapes a brand-new system for investment investigation and risk monitoring by reorganizing operation and research teams to identify the opportunities in the industry
CoStone Capital focuses on four major sectors---TMT, healthcare, entertainment, consumer & service. Based on professional and dedicated research and due diligence, we have established in-depth insights on these four industries for identifying potential investment opportunities and edges.
The concentrated investing strategy of CoStone Capital makes the post-investment services necessary, possible and accountable. CoStone Capital specializes in value creation and offers strategic planning, stock incentives, capital operation, management consultation, industrial reconstruction and resources integration for our portfolios.
CoStone Capital never jumps on a bandwagon or pursue high speed. Instead, we aim at familiar realms, exerts its capability on the right racing tracks and concentrates on the truly excellent enterprises with huge growth potential.
CoStone Capital has made diversified exits with munificent returns. With extensive experiences in liquidation, We are capable of choosing the best exit strategy in accordance with the overall financial landscape and specific projects.
The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.
Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.
Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.
Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.
These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.
For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, making Huawei anindustry leader.
So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.
At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across