Published: 14:13, October 20, 2025
Venture capitalists and technology entrepreneurs need to understand economic and social impact of technology
By Oswald Chan

Join CVCF 2025 to discover emerging market dynamics, explore inspiring journeys of innovators turning bold ideas into impactful ventures, and connect with industry leaders shaping the future.

Venture capitalists and technology entrepreneurs need to cultivate an analytical perspective to understand the tangible economic and social impact of technology, so that they can navigate an increasingly complex, interconnected, volatile and unpredictable business environment.

Sinovation Ventures: Investing in Innovation for Impact

Sinovation Ventures is a leading Chinese technology venture capital firm founded by a team led by Lee Kai-Fu in 2009. With over $3 billion in assets under management, the venture capital fund company is backing more than 500 portfolio companies across the world in different technology and innovation spectrums.

One such company is an agricultural robotics company (with operations in more than 70 countries) that recently filed for an initial public offering (IPO) on the Hong Kong Stock Exchange.

It is exceptionally difficult to apply artificial intelligence (AI) in agricultural robotics as it demands seamless integration of motion control, environmental sensing and agronomic operations. But once agricultural robots are installed, agricultural robotics company will achieve tremendous commercial success for investors, while motivating more people to use technologies for good.

“We have come to see investing not just as a financial decision when our focus is on the tangible economic and social impact of the AI technology. We got to study the dynamics behind industrial change, the technologies that accelerate it, and the founders’ vision that ties these elements together,” Sinovation Ventures managing partner Richard Yang said.

Sinovation Ventures managing partner Richard Yang. (PROVIDED TO CHINA DAILY)

Yang emphasized that for an AI venture to be truly investable, it needs to continuously improve proprietary data in quality and scale, provide proven use cases with room for improvement, and develop a team that deeply understands these dynamics and can executive discipline and vision.

“We view our role not only as capital providers, but also as strategic partners who contribute complementary insights essential to each other’s learning journey. The most resilient companies operate as integrated knowledge networks, capable of learning and adapting faster than the pace of change itself,” Yang added.

AI in Healthcare: A New Frontier

Xunfei Healthcare Technology Co is the AI medical services arm of Anhui province-based AI company iFLYTEK which is listed on the Hong Kong Stock Exchange. The startup’s intelligent medical assistant has been deployed in over 75,000 primary healthcare institutions nationwide and its app has provided over 140 million consultations and has been downloaded over 24 million times.

“We aim to achieve sustainable development through integrating technology and healthcare to solve clinical problems. We proactively deploy cutting-edge AI technology as well as systematically embed AI capabilities into all levels of medical institutions and the entire patient value chain to provide verifiable and implementable solutions,” said Tao Xiaodong, executive director and president of Xunfei Healthcare Technology Co.

Dr Tao Xiaodong, executive director and president of Xunfei Healthcare Technology Co. (PROVIDED TO CHINA DAILY)

Tao highlighted that although AI technological advancements are gradually making medical needs that were previously unattainable a reality, “technological innovation does not replace doctors so that human-machine collaboration will become a new model for healthcare.”

Turning to the Xunfei Healthcare Technology’s listing in Hong Kong, Tao said the company’s IPO demonstrated its technological development, market validation, deep industry penetration, and it is also a strategic choice that enables the company to boost its brand capability and get vital access to the capital market continuously.

Why Hong Kong? A Hub for Innovation and Investment

Sinovation Ventures’ decision to relocate to Hong Kong and encourage its portfolio companies to establish a presence in the city reflects the city’s unique advantages. “Hong Kong embodies more than a century of global business tradition and pragmatic adaptability,” noted Yang. “The city’s deep financial infrastructure, international connectivity, and institutional experience provide an environment for founders and investors alike to learn, collaborate, and build enduring enterprises.”

Discover More at Cyberport Venture Capital Forum 2025

The Cyberport Venture Capital Forum 2025 (CVCF) is the ultimate platform for visionary innovators to connect with strategic investors, explore new market trends, and gain insights from industry leaders shaping the future of technology and investment.

Join Richard Yang as he dives into AI Investors Circle (AiIC): The Good Deal Test: From Traction to Institutional Rounds, sharing strategies to identify high-potential AI ventures and scale them to success.

Hear from Tao Xiaodong in his session on Strategic Exits: IPO Paths for Expanding Rapid-Growth Companies, where he explores how IPOs can accelerate growth and expand market leadership.

CVCF 2025 will also cover a wide range of topics, including macro VC landscape, AI, blockchain protocols, stablecoins and digital assets, venture capital trends, and regional market dynamics.

 

Learn more: https://cvcf.cyberport.hk/en/index