When you are a rich Chinese person with so much money and tired of buying another super-jet, what should you do? For many wealthy Chinese people, they are looking to invest in start-up companies to help them succeed and grow. Some Chinese Angels from Shanghai have even flapped their wings and flown over to Australia in February.
Usually Angel investors prefer to invest in companies regionally closer to them but the trend is moving towards expanding territory and seeking new opportunities in different countries. This can also help the start-ups and entrepreneur’s in different countries to enter the investor’s country, like China. As one of the fastest growing economies in the world, this trend is also emerging out of India. Sasha Mirchandani from Mumbai Angels commented that over the past five years, the group has grown to 120 members and has made 33 investments and sold 3. InMobi, a mobile ad company had stellar results and returned 21 times the amount invested.
It seems like a smart move to me, for Chinese investors to diversify their risk across different countries.
Is anyone a China Angel, willing to share their thoughts?
Note these kids in the picture are not Angel Investors.