We are step­ping up our pace of in­vest­ing abroad and bring­ing in global tal­ent ... ”

China Daily (USA) - - BUSINESS -

“I used to like those days in the co­ed­u­ca­tional lib­eral arts col­lege be­cause I not only learned econ­omy but also knowl­edge of lib­eral arts,” said Tang.

He es­pe­cially en­joyed the cour­ses taught by a fe­male de­vel­op­ment eco­nomics pro­fes­sor from Pak­istan. He of­ten thought of ques­tions like how de­vel­op­ing coun­tries can come out of poverty. He brought those ques­tions to class, and learned from the pro­fes­sor about Grameen Bank (the mi­cro­fi­nance and com­mu­nity de­vel­op­ment or­ga­ni­za­tion of Bangladesh that, along with its founder Muham­mad Yunus, was jointly awarded the No­bel Peace Prize in 2006).

So, in the sum­mer of 1997, Tang went to Bangladesh to learn from Yunus the con­cepts of mi­cro­cre­dit and mi­cro­fi­nance.

Dur­ing his early ca­reer, Tang joined Wall Street in­vest­ment bank Don­ald­son, Lufkin & Jen­rette where he worked on ini­tial public of­fer­ings, bond is­suances and merg­ers and ac­qui­si­tions.

Upon re­turn­ing to China in 2000, he served as a di­rec­tor with Asi­aInfo, and es­tab­lished China Growth Cap­i­tal, a ven­ture cap­i­tal firm in­vest­ing in early-stage con­sumer and en­ter­prise tech­nol­ogy star­tups.

Ten years on, Cred­itEase has four branches in the United States, Is­rael, Sin­ga­pore and China’s Hong Kong. Tang vis­its the US up to three times a year to teach at Har­vard Univer­sity and Stan­ford Univer­sity as well as in­ter­act with fi­nan­cial ser­vices in­dus­try lead­ers and ven­ture cap­i­tal in­sti­tu­tions.

Cred­itEase Corp has set up the Fin­tech In­vest­ment Fund to­tal­ing $1 bil­lion, half of which will be in­vested abroad.

“We have in­vested in deals in sec­tors of blockchain, mo­bile pay­ment, Bit­coin and sup­ply chain fi­nance,” said Tang. “We not only bring them funds but our op­er­a­tional and in­no­va­tion ex­pe­ri­ence in China.”

In its lat­est move, Cred­itEase, in as­so­ci­a­tion with other in­vestors, in­vested $75 mil­lion in San Fran­cis­cobased Tradeshift Hold­ings Inc.

Tradeshift Hold­ings Inc op­er­ates a cloud-based busi­nes­sor B2B plat­form that helps com­pa­nies to en­hance their in­voic­ing, work­flow, and sup­plier fi­nanc­ing pro­cesses.

Tang also pays at­ten­tion to the Is­raeli mar­ket where Cred­itEase has set up a fund with about $30 mil­lion to in­vest in tech star­tups. They will bring Is­raeli tech­nolo­gies to China’s huge mar­ket.

“Is­rael is fa­mous for in­no­va­tion and Is­raeli com­pa­nies seek in­ter­na­tion­al­iza­tion from the very be­gin­ning be­cause their lo­cal mar­ket is small,” said Tang.

Tang Ning, founder and CEO of Cred­itEase Corp.

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