H&Q Favors Chinese Hospitality Industry

November 3, 2006 | Print | Email Email | Category: News
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Dr. Ta-Lin Hsu, president of venture capital firm H&Q Asia Pacific, says his company has now turned its eyes to China's hospitality sector.

Hsu's remarks were picked up by local Chinese media as he introduced H&Q Asia Pacific's plans to continue to invest in China, and their next target will be a top business hotel.

Hsu says that the company plans to soon manage 5000 hotel rooms in China, which may involve a total investment of about US$500 million. H&Q Asia Pacific has already chosen Hilton as its partner for investment in China, and the cooperation between the two is expected to create more Hilton branded hotels in the Middle Kingdom.

H&Q Asia Pacific is a leading venture capital company in Asia Pacific which was set up by Hsu and Hambrecht & Quist Group in 1985. In October, Starbucks acquired from H&Q Asia Pacific and other shareholders ownership of High Grown Investment Group Limited, which in turn is the controlling shareholder of Beijing Mei Da Coffee, the operator of over 60 Starbucks retail stores in Beijing and Tianjin and an authorized licensee of Starbucks Coffee International.

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