Case 2: Finance

• Due to oil industry downturn in 1990's, the Hartcourt Companies, Inc., a Los Angeles based U.S. firm, sold its oil business and became a venture capital holding company looking for investment opportunities in China.
• From 1999 to 2000, through ACIBA's assistance, Hartcourt identified and acquired multiple fast-growing and emerging companies (e.g., Windinfo) in China.
• Through the visionary advice and leadership under Dr. Charlie Q. Yang, Hartcourt invested in start-ups of early Streaming Media and FinTech companies.
• References: [1] China Telecom and SinoBull debut wireless stock trading system; [2] Archived profile about Hartcourt, its VC portfolio, and CEO Dr. Charlie Q. Yang.

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Hartcourt Companies

The Hartcourt Companies, Inc., with ACIBA's assistance, invested in emerging financial and technology opportunities in China. The company was founded in 1983 and based in Los Angeles, and later moved to Shanghai.

Portfolio Company 1

ACIBA identified Wind for Hartcourt in 2000. Wind has since become the leading provider of financial data, information and services in mainland China. Headquartered in Shanghai, Wind serves clients around the globe.

Portfolio Company 2

ACIBA identified TSS for Hartcourt in 2000. TSS is based in Beijing and offers Total Streaming-Media Solutions. Its Chinese customers include major TV stations; universities, and other educational institutions.