Mr. Peter Liu, the founder and chairman of China Economic Cooperation Group, has helped establish hundreds of companies on both sides of the Pacific. 1983, Dr. K. T. Lee, then Minister of Finance of Taiwan Province Province, invited him to help establish the venture capital industry in Taiwan Province Province, which became the starting point for him to enter the venture capital industry in Asia.
The Taiwan provincial government is committed to upgrading science and technology-related industries, and believes that the American venture capital model can be taken as the development strategy of Taiwan Province Province. It was through this opportunity that Chairman Liu Yuhuan became the pioneer of Walden International's Asian business. While helping the venture capital industry in Taiwan Province Province to take shape, Chairman Liu Yuhuan gradually developed and established a huge interpersonal network including many listed companies and private enterprises in Greater China.
1993, Chairman Liu Yuhuan founded the WEC Group of the United States and became an important business consulting partner of Walden International. WECO later became an independent organization dedicated to venture capital in the United States and Greater China. WECO is one of the first venture capital companies to promote economic cooperation between the United States and Greater China. The company's bridge-building concept is embodied in its Chinese name "Sino-US Economic Cooperation", which means the economic cooperation between the United States and Greater China.
At present, WECO manages six venture capital funds with a total capital of more than 400 million US dollars. From its headquarters in San Francisco to its offices in Beijing, Taipei and Singapore, WEC has invested in more than 90 fast-growing companies in information technology and life sciences.
The successful portfolio cases of WEC include Focus Media (NASDAQ: FMCN), ISSI (NASDAQ: ISSI), Ai Kang, DIVX (NASDAQ: DivX), Commerce One, Daqiao Pharmaceutical, Cardiva Medical, Internet House, Kuro, Huirong Technology (NASDAQ: SIMO), Beijing Xinwei, Xinyuan, Zhongkuan Media, etc. The company's previous investment projects also include innovative technology, CommerceOne, Intraware, S3, ISSI and other listed companies.