CBC Capital

CBC Capital, also known as China Broadband Capital, is a prominent private equity firm based in Beijing, China, with a strategic focus on the Technology, Media, and Telecommunications (TMT) and consumer sectors. Founded in 2006 by Edward Tian, the firm has established itself as a significant player in the Chinese investment landscape, leveraging its deep industry expertise and extensive network to identify and cultivate high-growth opportunities. CBC Capital's investment philosophy centers on supporting innovative companies that are poised to disrupt or lead their respective markets within China's rapidly evolving digital economy.

The firm employs a flexible investment strategy, engaging in various stages from growth equity to large-scale buyouts, demonstrating its capacity to deploy substantial capital across different transaction types. A testament to its fundraising prowess and investor confidence, CBC Capital successfully closed its sixth flagship fund, CBC Capital Fund VI, in 2021, raising an impressive $2.2 billion. This significant capital pool enables the firm to pursue its mandate of investing in market leaders and emerging champions within its core sectors, often taking substantial stakes to drive strategic value creation.

CBC Capital boasts an impressive portfolio of industry giants and unicorns, reflecting its ability to back transformative businesses. Notable investments include stakes in ByteDance (the parent company of TikTok), Meituan, JD.com, iQiyi, and Kuaishou, among others. These investments underscore CBC Capital's commitment to companies that are at the forefront of digital innovation and consumer engagement in China. The firm's strategic insights and operational support are often cited as key factors in the success of its portfolio companies, contributing to their growth and market leadership.

For its typical first cheques, CBC Capital generally targets substantial investments, aligning with its focus on later-stage growth and buyout opportunities. Based on its fund sizes and portfolio, the firm's initial investment checks typically range from $50 million to $200 million, though they possess the capacity to deploy even larger sums for control-oriented deals or strategic buyouts. This robust financial capacity allows CBC Capital to act as a lead investor in significant funding rounds, providing the necessary capital for companies to scale operations, expand market share, and pursue strategic initiatives.