November 29, 2022

In line with the HKEx on Thursday, Tiantu Capital, a mission capital company in China, has submitted an utility for a list in Hong Kong. J.P. Morgan Chase & Co. and Huatai Global might be its co-sponsors.

Tiantu Capital used to be based in 2002 and used to be indexed at the Nationwide Equities Change and Quotations in 2015 and used to be one of the most earliest skilled establishments engaged in fairness funding in China. The company specializes in funding in shopper items which fall into 3 huge classes, together with: cutting edge intake, new retail and shopper finance. A few of the 205 firms invested by way of Tiantu Capital by way of the top of 2021, 23 firms have won $1 billion marketplace price.

In line with the company’s prospectus, Tiantu Capital garnered a earnings of two.026 billion yuan ($302 million) in 2021, a year-on-year lower of 18.63%, whilst the web benefit used to be 735 million yuan, a slight build up when compared with 706 million yuan in 2020. As for the explanations for the decline in earnings, Tiantu Capital defined that the working source of revenue of the corporate’s non-asset control trade reduced because of the epidemic in 2021.

At the present, Tiantu’s group is composed of 54 funding and operation execs, and the mission capital hyperlinks the wage of every investor with its mission’s go back. Wang Yonghua, the present chairman of the corporate, could also be the controller and lately holds 40.35% of stocks. Feng Weidong, Leader Funding Officer of Tiantu Capital, holds 1.35%.

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In line with China Insights Consultancy, China’s shopper business has greater from 43.8 trillion yuan in 2017 to 55.5 trillion yuan in 2021 with a compound annual expansion price of 6.1%, and is anticipated to additional build up to 73.9 trillion yuan in 2026.