MILAN, Aug 31 (Class Editori) - LVenture Group is acting to become the reference point for Chinese startups in Italy. The holding listed on the MTA segment of the Italian Stock Exchange has signed a collaboration framework agreement with Chinastone Group, active in the management and industrial services consultation.
The group from Rome aims therefore at strengthening the internationalization process of the company also through the access to the Venture Capital Chinese market, where more than 33 billion dollars had been invested in 2019.
The partnership with Chinastone should therefore allow to accelerate the expansion of the LVenture portfolio startups at an international level and develop mutual activities in order to strengthen the connections between the Chinese and European startups' ecosystem. In the context of the collaboration, the LVenture Group hub will play a key role as reference point for Chinese startups which want to operate on the Italian and European market.
Lastly, the agreement provides for the establishment of a joint-venture to bring the acceleration-investments model of LVenture Group to China. In the context of this cooperation, Chinastone Group aims at evaluating the increase in its own shareholding in the share capital of the group from Rome.
"The strategic collaboration we announce today represents an important step forward in the LVenture Group internationalization process and in the international expansion of more than 80 startups which are part of the portfolio, with interesting perspectives concerning the scale-up on the Chinese market", as Luigi Capello, CEO of LVenture, has explained. "A choice which confirms the attractiveness of LVenture Group business model, which combines capitals, skills, an investors’ and corporate network in a physical platform- our innovation Hub in the Termini Station in Rome- aiming at concretely accelerating the startups growth by creating value".
"Chinastone is the largest local consulting company in China and LVG is among the main startups accelerators in Europe. Chinastone and LVG share the same values at the basis of acceleration programs, which may create more opportunities and provide the best services to companies, which will be accelerated both in China and in Italy. The strengths of Chinastone and LVG are complementary to each other, domestic Chinese market and its production capacity together with Italian brands, technology and design will allow to create new synergies for both parties, by making the startups acceleration more efficient", as Wenfeng Zhang- CEO of Shenzhen Chinastone- has added.
Precisely looking at China, among the startups in which the Italian group has invested during the years, there is Yakkyofy. The company is active in drop shipping, which means selling online a product without materially owning the good, managing the inventory and the shipping. It is an online service, which manages the supply and the shipping of goods from China, where the holding listed on the MTA of Borsa Italiana, which invests in digital start-ups and accelerates the development process from the market prototype, holds 13.4%.
The drop shipping weight on the global turnover of the e-commerce has been evaluated around 33% and the sector is expecting a triple-digit growth until, at least, 2021. Practically speaking, the drop shipper, as the owner of an online shop is defined, asks a third supplier to deliver a product directly to the buyer, even if he does not have it physically in stock. (All rights reserved)
(Source:Class Editori)
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
