Hina PE Recognized for China 10 most growable private equity
China New Economy M&A Market Monthly Report-May 2022
China New Economy M&A Market Monthly Report-April 2022
China New Economy M&A Market Monthly Report-March 2022
JD Property Closes US$800m Series B Financing, with Hina PE among Investors｜Hina Portfolio
JD Group announced on 28th March 2022 that its subsidiary JD Property Group Corporation ("JDP”) just closed its Series B financing of US$800 million. Lead investors include Hillhouse Capital and Warburg Pincus. Hina PE and other institutional investors participated in this round of financing. The financing is expected to support JDP’s business expansion and model transformation, and further enhance its infrastructure property management capabilities, thereby further elevate its leading position in China's modern logistics infrastructure industry.
JDP is a subsidiary of JD Group that is an infrastructure asset management and integrated service platform. With the business philosophy of "technology-driven, green development", JDP provides industry partners with comprehensive solutions such as modern standard warehouses, integrated intelligent industrial parks, and data centers through investment and development, asset management and diversified value-added services. JDP is committed to becoming a leading enterprise in China's modern logistics infrastructure field, which is oriented by operational services and driven by technology. Ultimately, JDP aims to offer help to industrial upgrading and to empower the development of the real economy.
Thanks to the strong industrial integration and service capabilities in JD Group’s supply chain ecology, JDP is positioned as a diversified industrial infrastructure platform. It is also actively expanding its international logistics network. Through in-depth cooperation with local partners, JDP has successfully built logistics warehousing and industrial infrastructure in high-growth markets, such as Southeast Asia, to serve Chinese companies going overseas, as well as local customers.
Commenting on the JDP investment, Dr Hong CHEN, Chairman/CEO of Hina Group, said: “The needs for and the advantages of modern standard logistics infrastructure, such as high operational efficiency and maximizing space utilization, have become increasingly prominent. On the one hand, JDP boasts of significant advantages as a leading comprehensive asset management and industrial development service provider in China. JDP entered a number of core logistics areas at an early stage of the industry. Thus, it holds a great number of high-quality assets with industry-leading occupancy rates and rental income. On the other hand, with the support of the JD Group, its technological prowess, and capital partners’ resources, JDP will further strengthen its business model to integrate light asset and heavy assets and will continually unleash the company's growth potentials. Hina PE is upbeat about the development potentials of JDP. We look forward to JDP creating more and more value for the industry."
Congratulations to Hina PE Portfolio Company Arrail Group’s Debut on HKSE｜Hina Portfolio
Left: Dr Hong CHEN, Chairman/CEO of Hina Group；Right：Robert ZOU, Chairman of Arrail Group
Arrail Group, one of Hina PE’s portfolio companies, was HKSE listed under the ticker “06639.HK” on 22nd March 2022. 46.5 million shares were issued globally at the price of HK$14.62. Arrail Group raises HK$590m in the IPO. The capital raised will be used for business development, information technology infrastructure optimization, strategic M&As and customer acquisition and retention.
Founded in 1999, Arrail Group was the first to introduce the concept of advanced foreign dental clinics into China and is now a leading brand in Chinese high-end dental services industry, adhering to the ‘customer is family’ service concept, and providing customers with international standards of high-quality dental services. Currently, the company has two sub-brands, Arrail and Rytime, driven by its dual brand strategy.
Arrail Group attaches great importance to research and talent training, and has gathered well-known industry experts at home and abroad. Meanwhile, Arrail Group has formed close partnerships with internationally renowned institutions, such as the School of Dental Medicine of the University of Pennsylvania and the School of Dentistry at UCLA. In addition, Arrail Group has built an inhouse online training platform to maintain quality dentists through its mature online-offline training mechanism.
According to Frost & Sullivan, Arrail Group had become the largest high-end private dental services provider in China, based on its 2020 revenue. By the end of March 2021, Arrail Group has set up 107 dental clinics and hospitals in 15 tier one and tier two cities in China, bringing its medium-to-high end dental services to customers. In the past decade, Arrail Group has served over 6 million customers accumulatively, with a team of 856 experienced dentists.
China has an over RMB100 billion oral healthcare market, and it has been growing at a steady rate of 13.4% per year. Yet the industry enjoys very high growth potentials due to multiple factors, including low penetration rate, aging population, and consumption upgrading. Hina PE holds an optimistic view about the growth of China’s oral health industry and believes that with the development of the Chinese economy and the growing general awareness of dental health, the industry will keep its high growth momentum. Arrail Group will be able to create more value for the industry by bringing excellent services to customers.
In spite of the very challenging market conditions, Arrail Group got listed on the HKSE. Dr Hong CHEN, Chairman/CEO of Hina Group said：“As the domestic dental market has reached RMB100 billion level, the industry has an obvious trend for chain operation. Leading players such as Arrail Group have a lot to achieve. Arrail Group has established itself as a nation-wide high-end dental services brand, with its impeccable doctor training system and well-established IT system. The IPO of Arrail Group is not only a milestone for the company, but also a milestone for the industry. We believe that with the long-term growth of the company, Arrail Group can continuously bring value to its customers and shareholders as well.”
China New Economy M&A Market Monthly Report-February 2022
The Two Sessions Spotlight: Dr. Hong CHEN, CEO of Hina, Invited to Talk on CGTN’s Dialogue | Hina Sharing
On 11th March 2022，Dr. Hong CHEN, CEO of the Hina Group ("Hina"), was invited by the Dialogue programme of China’s official English language news portal, the China Global Television Network (CGTN), to comment on a number of hot topics that were brought to the foreground by Premier Keqiang LI at his annual Two Sessions press conference. Other invitees on the programme included Prof. John GONG, University of International Business & Economics - Israel, and Alistair Michie, Secretary-General, British East Asia Council.
Dr. Chen shared his thoughts on key topics like the 5.5% GDP growth target for 2022, China’s structural reform, reduction in carbon emissions, and technological development. Dr. Chen believed that the 5.5% growth target is achievable, as evidenced by past experience, the Chinese government has always had corresponding macro policy support. For example, fiscal policy, reducing deficit rate and increasing fiscal expenditure, including tax and fee reduction policies to support SME development. Specifically, the tax refund policy has reserved space for market development.
"In response to Mr. Alistair Michie’s concernsover the CO2 emissions target, Dr. Chen said that the Chinese government hadalways been committed to improving the environment and achieving the goal ofzero CO2 emissions. China has proposed a dualcarbon policy, striving toachieve the CO2 emissions peak by 2030 and carbon neutrality by 2060. China isby no means being passive or indecisive on this front, as accused by some foreignpress. "
Since day one, Hina has been focused on opportunities in China's technological development, and is committed toempowering China's Internet economy, technology, consumer, and healthcareindustries. By virtue of his prowess in China’s hightech investment arena, Dr.Chen was elected Chairman of ZhongGuanCun Cloud Computing Industry Alliance, asemigovernmental industry platform domiciled in ZhongGuanCun Software Park, China’s Silicon Valley, in September 2021. Since then, Dr. Chen has been proactively mobilizing members of the industry alliance to contribute to the development of China's cloud ecology, thereby laying a solid foundation for the development ofChina's digital economy.
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