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Saturday, March 11, 2017

CEIBS Host VCIC East Asia Regional Finals

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March 11, 2017. Shanghai – If you were a venture capital investor and had to decide between investing in an app that leverages Big Data to help discover the next internet celebrity, an app that optimizes the public transport travel experience, or a web-based team building platform, which start-up would you choose?

This was the question facing teams of MBA students from CEIBS, as well as Chinese University of Hong Kong (CUHK), Graduate School of Management at GLOBIS University, Shanghai Advanced Institute of Finance at Shanghai Jiaotong University (SAIF) and Guanghua School of Management at Peking University who came to the CEIBS Shanghai Campus today for the 20th Annual VCIC East Asia Regional Competition which was hosted by CEIBS.  Associate Dean and MBA Programme Director Chen Shimin opened the day with an address welcoming the teams and entrepreneurs, as well as the panel of venture capital executives who would be deciding which team would be going on to represent the East Asian region in North Carolina at the VCIC Global Finals next month. The Finals are hosted by UNC Kenan-Flagler Business School which founded the competition in 1998.

This competition is unique in that it asks MBA students to play the role of venture capital investors, and they are pitched by real entrepreneurs. The student teams then have only one day to evaluate business plans, negotiate term sheets, make an investment decision and convince a judging panel of experienced VCs of the soundness of their investment rationale. At the end of the day, it was the CEIBS and Peking University Guanghua School of Management teams who made it through to the final‘negotiation’round, and the judges ultimately named the Peking University team the winners.

Peking University Guanghua School of Management pick up their winner's cheque from John Yu; Partner of MytechChina Venture and Judy Wu; Marketing Director of Golden Finance

“Although we are slightly disappointed to finish second, the journey of working with my teammates to make strategic judgements under such time pressure was an unforgettable experience,” says CEIBS VCIC team captain Symphier Pang (MBA 2018). “We will strive to be more daring and flexible in our future endeavors.”

Entrepreneur Jay Ha won the award for hottest startup project. His Persona platform analyses and collects data on social media celebrities, known as ‘网红’ in Chinese, in order to verify their value to marketing campaigns. Hi TB and Hezai were the other two startups evaluated by the student VCs in the competition. Hi TB is the largest and most prestigious team building platform in eastern China, providing corporate culture-related entertainment services for boosting employment engagement and satisfaction. Hezai is a platform that provides information about public transportation options that covers 293 cities across China.

Jay Ha is presented with the hottest start-up award by MytechChina Venture Parner John Yu

This is the third year that CEIBS is hosting the East Asia Regional Finals, and this year’s student organizers have brought together an impressive list of VC industry players to judge the competition, including Cowin Capital Partner Grace Duan, Peeli Venture Managing Partner Harry Qin, Qiming Venture Partners Principal Jay Yin, Jupai Investment (NYSE) Partner Raymond Cao, and MytechChina Venture Partner John Yu.

Writer: 
Reona Hu MBA 2018
Editor: 
Janine M. Coughlin