TechBridge Ventures creates value by cultivating long-term relationships with Partners to provide compelling market solutions. Our business-driven model focuses on partnering with prominent corporations, government agencies, research institutes and universities.
China Resources Land Limited ("CR Land") is a subsidiary of China Resources Group, a China state-owned conglomerate with a Group Revenue of RMB 608.5 billion in 2018.
As a subsidiary of China Resource Group, CR Land is responsible for city construction and operation, and considered an industry leader among urban investors, developers, and operators in China. CR Land operates a wide range of businesses including residential development, investment property, urban redevelopment, property management, senior housing, leasing apartment, industrial funds, industrial property, cultural sports and educational property, cinema, construction, decoration, electromechanical and furniture etc. In 1996, it was listed in Hong Kong Stock Exchange and included in the Hong Kong Hang Seng Index constituent stocks in 2010.
TBV has concluded a MOU with Guangzhou Runhui Science & Technology Park, a flagship project of CR Land’s industrial property development business, in July 2020. As the first science and technology park of CR Land, Runhui Science & Technology Park will support the IAB (Information Technology, Artificial Intelligent, and Biopharmaceutical) development in Guangzhou City, with special focus on the two key strategic areas of Smart City and Industrial Internet.
Under the MOU, TBV will work with Runhui Science & Technology Park to identify suitable Start-ups and Innovations from TBV network to be commercialized in Runhui Science & Technology Park leveraging on the resources of CR Land.
China Vanke Co., Ltd. (“Vanke”) was ranked as the second-largest real estate company by revenue in China’s Top 500 Real Estate Development Enterprises list in 2019. In 2016, Vanke entered the Fortune Global 500 list for the first time, ranking 356th among the 500 companies. Since then, it has been on the list for four consecutive years, ranking 307th, 332nd, and 254th in the years 2017, 2018 and 2019 respectively.
While Vanke continues to focus on its existing businesses in residential property development and property management services, in recent years Vanke has actively ventured into new markets including commercial development, rental housing, logistics and warehousing services, ski resorts and education. Vanke reported a revenue of 367.89 billion RMB in 2019.
Vanke launched Shoufu Technology Park, a smart city demonstration project with an area of 50,000 square meters jointly developed by Vanke and Shenyang Government in 2019. Shoufu Technology Park aims to attract domestic and global companies from strategic industries including big data, cloud computing, artificial intelligence, and Internet of Things.
In 2019, TBV concluded a Strategic Framework Agreement with Vanke to identify suitable Start-ups and Innovators in TBV’s network to develop and commercialize their technologies in Shoufu Technology Park leveraging on Vanke’s extensive network and resources. (see link)