Baidu Inc. is often referred to as China’s Google with a market value of more than US$60 billion. But in 2000, it was an upstart struggling to get any attention from investors—except from a guy named Finian Tan.
Tan, then head of Asia at DFJ Eplanet Ventures, began investing in the search engine, betting that 1.3 billion Chinese would eventually embrace the internet. When it went public five years later, Tan’s firm emerged as the bigger beneficiary with a stake larger than the 22 percent held by Baidu co-founder, and now billionaire, Robin Li. He’s making a similar bet on San Diego-based regenerative medicine company Samumed LLC, which is valued at $12 billion.
What attracted Tan was Samumed’s approach to treating arthritic knees, hair loss, scarring of the lungs and degenerative disc diseases. The company is pursuing novel therapies for those conditions and cancer with drugs that target a cell-signaling pathway that offers promise in reversing the biological processes of aging.
Read more on Bloomberg.
Author and website owner Steven Ooi, a First Class Honours grad from NUS, retired from a distinguished 14-year career as an English and GP tutor at the age of 42.
To view tutors recommended by him, click here.
English or GP tutors keen to be listed on this website (consistently ranked top 10 on Google for GP tutors) as a Recommended Tutor, please email stevenooi18 @ yahoo.com (remove the spaces). Those interested in having links to their website can also contact him.
Read GP model essays here.