How to attract a Chinese investor?

For foreign biotechs, how to get the attention from wealthy Chinese investors? At the ChinaBio partnering forum held in Suzhou on Apr 26, Chinese investors offered some tips, report The Pharma Letter’s local correspondent, Wang Fangqing.

For one thing, do not assume that China has so much dumb money that Chinese investors will just pour money in everything foreign, cautioned Jonathan Wang, senior managing director at the Asia operation of the New York-based venture capital (VC) Orbimed.

“There might be some dumb money but Chinese investors are not fascinated by foreign technologies without local operations,” he said. Over the years, he added, many US and European Union-based teams came to China seeking funding, but most of them failed.