Toward Chuang
He was once a prominent figure in the VC capital circle. In September last year, with the first Forbes China Maternal and Child Health Forum held successfully, Zhang Le, the driving force behind it, and the co-organizer, CityLife, once again entered the public eye.
Embracing the Dividends of the VC Era
In 2015, when China was in the midst of a period of opportunity for mass entrepreneurship and innovation, the China Investment Conference, which was being held in the same office building, gave Zhang Le his first taste of the industry's magic, and he then decided to join CICC.
It is understood that CIC is the earliest listed professional data and brand communication service organization in the field of venture capital in China, and the annual China Investment Conference organized by CIC is compared to the Oscars of the private equity industry in the industry.
Facing the global capital winter, Zhang Le was quickly appointed as the General Manager of East China. He led the team to break new ground, and the market coverage of the cooperated USD and RMB funds reached over 95%, with a market share of over 40%. He also set his sights on the government, leading the formation of a joint venture with an enterprise directly under the Finance Department of Jiangsu, an economic powerhouse province, and taking on the role of general manager, leading the annual China Investor Summit since 2019. He accurately captured and analyzed the information of investment institutions through big data, and in just a few months he helped the later China's first AI stock, Shangtang Technology, to obtain investments amounting to tens of millions of dollars in the 2020 D round of financing.
From 2017 to 2021, CIC's revenue realized a compound annual growth rate of about 140%, of which the team led by Zhang Le contributed 60% of the company's revenue.
Investing in the fast lane of the medical industry
In 2020, the sudden epidemic of new coronary pneumonia had a huge impact on the lives of people in many parts of the world. Zhang Le has been thinking about how data can be more direct and effective in solving social problems, and how self-worth and the development of the times can be better matched.
According to statistics, in 2020, the proportion of China's healthcare costs in GDP will increase from 3% to 5% in 2017 to 6.5% to 7%, while the United States in the same year, healthcare expenditures soared to 3.2 trillion U.S. dollars, accounting for 18% of the total economy. With reference to this data, Zhang Le believes that the development of China's healthcare industry is still in its early days, and the application of big data and brand communication in the healthcare industry is even more of a seedling, and the development of this track is of great significance to the whole society.
Soon after Zhang Le joined CityLife, China's family planning policy came to fruition, and he realized the importance of establishing an authoritative communication platform for obstetrics and wellness, assisted reproduction, and new consumerism in pregnancy, baby, and children. He immediately approached Forbes to discuss the idea of hosting the first Maternal and Child Health Forum, and with his strengths in medical big data at CityLife, the two sides hit it off.
After four months of data collection and collation, Zhang Le led the team to select 150 benchmark companies in six sub-tracks from five dimensions: innovation, user satisfaction, marketing and promotion, upstream and downstream layout, and team qualifications. The new crown pneumonia epidemic now, the success of the first offline benchmarking thousands of people scale meeting, for the competent authorities, women and children practitioners to provide a benign communication channels and ideas exchange platform, but also for the industry high-quality development to bring deeper thinking.