Venture capital industry development in the Hong Kong and Pearl River Delta Region

Venture capital has been the initial source of capital for some of the most visible new firms in the United States for the past decades. The well-known multinational high-tech companies such as Intel, Apple Computer, and Microsoft, were all backed by venture capital funds at their inception. Thus, it is well recognized that venture capitalists play a crucial role in supporting many new high-tech firms to grow into successful, if not multinational, companies. Nowadays, other countries in Europe and Asia are also attempting to establish high technology industries of their own for the sake of restructuring their economic systems. As a result, venture capital has naturally become an issue of concern. In this thesis, I will use the Hong Kong and Pearl River Delta Region as a case study. I generalize the factors that are influencing venture-capital development and review the current development of venture-capital activities. I also investigate the investment profile, investment style, competition, and other important elements, of venture-capital firms in the region, especially in Hong Kong. This research was conducted through review of current literature and personal interviews with practitioners in the Hong Kong high-technology industry and venture capital industry development. The goal of this thesis is to draw a conclusion on the potential of the development of the venture-capital industry in the subject region.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2000

Author dc:creator

• Cheung, Tak-Chuen Edwin, 1975-

Advisor dc:contributor.advisor

• Karen R. Polenske.

• Urban Studies and Planning.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/65257

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/65257