Far East Holding: Adhere to the main business +Investment Blossom and bear fruits
Far East Holding set “main business + investment” as development strategy, bases on the position of global investment management expert, searches for high-quality subject from global perspective, mainly focuses on smarter energy, great health, great consumption, food and drinks, family asset finance, advanced manufacturing, automated industry, TMT and further optimize the allocation of global resources.
In 2015, Far East invested United States’ Uber and Twilio. In June, 2016, Far East’s overseas investment projects made great progress: Uber completed the financing of Saudi Arabia Sovereign Wealth Funds While Twilio completed New York Stock Exchange IPO. This month, Far East also invested Israel public security hi-tech company Reporty, which added to Far East’s global investments.
On June 2nd, Uber, global intelligent travel company invested by Far East in 2015, announced to receive 3.5 billion dollars investment from Saudi Arabia Public Investment Fund, valuing 62.5 billion dollars after investment, which is the single largest investment in the history of Uber financing. Uber, founded in 2009, is a world-famous intelligent travel company and its business is constantly increasing since foundation, which has entered into 250 cities and 50 countries in the world. Uber has many well-known institutional shareholders, like Google,Baidu,Qatar International Investment Bureau.
Twilio is a cloud communications company of United States. In May, 2015,Far East also invested Twilio while investing Uber. Uber, Box, EMC, Whats App are all Twilio’s clients and most are technology companies in the United States. On June 23rd, 2016, Twilio was listed by New York Stock Exchange and its share price soared by 92%. The closing price is $ 27.25 and the company is worth $ 2.24 billion on June 27th, 2016.
Israelis always known as “the second Silicon Valley” and has the world-leading scientific and technological level, producing many hi-tech companies. In June, 2016, Far East invested Israel public security hi-tech company-Reporty. Reporty strives to become the “Uber” in the global public security area and revolutionizes the operating model of first emergency and public security area through a series of advanced technology, like mobile APP, command and control platform, indoor location algorithm and emergency route technology.
In June, 2016, of enterprises invested by Far East, one was newly listed, one passed, one invested. Until June 30th, 2016, total number of invested enterprises reached 328, accumulated listed 75 (of which New Three Board 25), passed waiting release 4, pre-disclosed 24.
