China Venture News - China Investment News - Orchid Asia�s Gabriel Li on China Investments

"As part of CVN�s new weekly China VC interview series, I managed to catch up with Gabriel Li, managing director of Orchid Asia Investment as he makes plans to return to China. Orchid Asia Group Management Ltd. recently closed its third fund, Orchid Asia III, LP, raising more than US$180 million. Li has been investing in China for over ten years and is widely regarded as one of the first international private equity investors in China.
His bullish attitude about China�s venture capital future and the advent of more Chinese-style entrepreneurialism is fueled by his fund�s earlier successful first round investment in Ctrip.com International (Nasdaq:CTRIP), a leading travel service provider
specialized in discounted air ticket and hotel reservation in China, which returned over 20 times the initial investment. Orchid Asia also invested in the first round of Eachnet, the largest online acuction company in China, which was
subsequently sold to eBay (Nasdaq: Ebay for about 5 times return."