Tudou Co-Founder Marc Van Der Chijs Joins CrossPacific Capital Partners As Partner
VANCOUVER, British Columbia, April 2, 2013 /PRNewswire/ -- XPCP is proud to announce that Tudou Co-Founder Marc van der Chijs has joined CrossPacific Capital Partners (XPCP) as Partner. Marc will focus on investments in the areas of Internet, gaming, social media, and mobile. With the addition of Marc to the team XPCP will be able to take on the massive deal flow that it has been confronted with since starting operations in Vancouver, BC in September 2012.
Since listing his company Tudou on the Nasdaq two years ago, Marc van der Chijs has become a legend among Chinese Internet investors. Marc and his wife were two of the three founders of this video streaming website. When Tudou was sold to Yukou for $1.1 billion, Marc became one of the only non-Chinese nationals to create a billion dollar startup in China. Investors in Tudou included Temasek, Venrock, General Catalyst, GGV and Crescent Point.
Marc is also a founder and former CEO of Spil Games Asia. This company runs the Asian operations of Spil Games, one of Europe's leading casual game companies.XPCP Founder and Managing Partner Frank Christiaens said, "I started investing with Marc in 2007 in China. Before YouTube even existed Marc came up with the concept for Tudou. I must say that we doubted his sanity at that time. Seven years and $1 billion later, I admit that I was wrong." Marc van der Chijs added, "After I exited Tudou and took a non-executive role at Spil Games, I knew I wanted to apply my 13 years of experience in China to investing across borders. Frank created the perfect vehicle for such investments, and he convinced me to move to Vancouver. I look forward to deploying capital across different industries in Canada, and also the US." About XPCP CrossPacific Capital Partners ("XPCP") is a capital partnership that opportunistically invests in undervalued Canadian and US businesses. XPCP aims specifically to invest in businesses that have a strong potential for revenue growth or profitable exit options when strategically connected to Asian markets, and partnered with Asian companies. XPCP manages the XPCP Fund ("XPF"), which is a Venture Capital fund. XPF is a unique opportunity to invest in the growth of Asia without the risks typically associated with such investments. It is the only Canadian Fund that specifically leverages Canada's unique relationship with Asia to extract value for North American companies. Based out of Vancouver, Canada's Gateway to growth markets in Asia, XPF has a current portfolio of more than 10 strong Canadian technology companies that are uniquely positioned for tremendous growth in Asian markets. XPF has institutional relationships across North America that provide access to an ongoing stream of Canadian and US companies looking to expand into Asia. XPCP and XPF are entirely funded by its Team and its Venture Partners, and do not raise money from external individual investors.
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