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Startup Funding: January 2023

Startup Funding: January 2023
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Investing in China growth without following consensus works well for this manager - Michelle Leung


Michelle Leung B. G., Opalesque Geneva:
Investing in the high growth generational theme in China can be rewarding especially if the investor seeks non-consensus stocks with attractive values, according to a manager whose fund returned 40% net last year, compared to the MSCI China index s 26%.
Michelle Leung is the founder and CEO of Xingtai Capital Management, which is based in Hong Kong and Shanghai. She describes the firm as a value-driven investor in Chinese growth.
She founded Xingtai Capital because she believed with strong conviction that the way to make maximum returns in public equities in China is to invest using more of a private equity approach. You have to be on the ground in China, close to company management, and do your own proprietary research and your own channel checks to be a successful investor, she tells Matthias Knab during Opalesque s latest Clubhouse podcast. ....

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Price and policy fears drive Chinese investors into cloistered stocks


5 Min Read
SHANGHAI (Reuters) - Worries about the frothiness of China’s stock market and steps authorities might take to rein it in are forcing investors out of popular technology and consumer sectors and into small-cap shares and other sequestered stocks in sectors such as banking.
FILE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song
That churn has seen investors rush out of richly valued market darlings such as Tencent Holdings Ltd and Meituan. Shanghai-listed spirit maker Kweichou Moutai Co Ltd, a popular bet on China’s rising consumerism, has plunged 25% from its Feb. 18 high. ....

Vidya Ranganathan , Michelle Leung , Samuel Shen , Andrew Galbraith , Guo Shuqing , Christopher Cushing , Dong Baozhen , Brian Bandsma , Thomson Reuters Trust Principles , Nio Inc , Yadea Group Holdings Ltd , Kweichou Moutai Co Ltd , A Living Smart City Services Co Ltd , Citi Private Bank , China National People Congress , Alibaba Group Holding Ltd , Tencent Holdings Ltd , Hong Kong Listed , National People , Private Bank , Xingtai Capital , Living Smart City Services Co Ltd , New York Based , Quality Growth Boutique , Shanghai Based Minority Asset Management , Thomson Reuters Trust ,