April 18, 2019, Shanghai – Real estate private equity firm Gaw Capital Partners, through the private equity fund of its operation company, together with Hong Kong-based venture capital fund Beyond Ventures, today announced an equity investment in the Series A round fund-raising totalling RMB100 million (US$14.9 million) for Candao.com, a Chinese start-up specialising in food delivery management service. Chinese mobile internet-focused investment fund MFund also participated in this round of fund-raising.
Founded in April 2014, Candao.com is managed by Guangzhou Candao Information Technology Co Ltd. The company provides one-stop solutions for Chinese medium and large-sized chain restaurants, including SaaS delivery management systems, distribution systems, and business data analysis centers.
As of March 2019, Guangzhou–based Candao.com has served over 200 medium and large-sized chain restaurant brands, including Haagen-Dazs, Burger King, Papa Johns and Costa. The company currently provides services to nearly 30,000 offline restaurants across more than 300 cities in China, with over RMB1.4 billion (US$209 million) in monthly gross merchandise volume.
Proceeds of this fund-raising will be used to strengthen the research and development of the company’s systems and explore applications of technologies such as artificial intelligence (AI).
Humbert Pang, Managing Principal and Head of China for Gaw Capital Partners, said, “Gaw Capital continues to embrace and support the technology platforms that will enhance the operational efficiency, especially those operators related to real estate sector. The food delivery sector is booming in China and has become part of most people’s daily life. However, many F&B operators are still lagging behind on the resources to deal with the new technology ecosystem, which makes Candao an ideal easy one-stop platform for them.”
Beyond Ventures was founded in 2017 by Hony Capital, Hong Kong-based venture capital fund e-Garden Ventures in partnership with locally-grown serial entrepreneurs. It has invested a total of RMB240 million (US$35.88 million) in 13 companies including Chinese AI unicorn SenseTime, DNA Testing company Prenetics, CMOS chip maker SmartSens Tech, Hong Kong taxi-hailing app HKTaxi, and Hong Kong Online to Offline e-commerce platform YOHO.
Gaw Capital has over 13 years of experience investing in and/or turning around commercial properties in Greater China, including Hong Kong. The firm successfully transformed and repositioned properties such as 133 Wai Yip Street in Hong Kong, a former 12-storey industrial building turned creative office space; and Sky Bridge HQ, a mixed-use project located in the heart of Linkong Economic Park in Shanghai. In recent years, the firm also purchased 29 local Hong Kong shopping malls from Link REIT, which it intends to reposition and revitalize into attractive hubs of community life.


Gaw Capital Partnersは運用中のファンドを通して、コンソーシアムのパートナーと共に、2018年3月と2019年3月に、29件の香港ベースのコミュニティーショッピングセンターと関連施設を取得しました。Gaw Capital Partnersは、公共不動産付近の29件以上の資産と施設の運営を正式に開始し、「民坊(People's Place)」を構築しました。「民(People)」は一般人と住居を表しており、「坊(Place)」は巧みに管理されたコミュニティーのみならず、美徳と伝統がある場所に対するイディオム的な中国の表現を意味しています。また、「坊」は、現地の近隣の団結も暗示しています。「民坊(People's Place)」は活気に溢れ、居心地の良い生活環境で見知らぬ者を団結させ、気持ちや思いやりが豊かな場所を表しています。「民坊(People's Place)」は、空間を時代遅れの商用施設をクリエイティブで活気あるコミュニティーハブに転換させることを目指しています。
中国で経験豊かな教育者と提携し、Gaw Capitalは中国での国際的な芸術教育プラットフォームであるStellart International School of Arts (SISA )の開発と運営に投資してきました。このプラットフォームは、広州南駅から国内的に優れた接続性を有する仏山の南海にある三山ニュータウンにある便利な商業用地で誕生しました。敷地は約50,000m²の総床面積を有しています。SISAブランドで運営され、Gaw Capital Partnersにより開発されたこのスクールは6階建ての校舎と7階建ての寮に最大600人の高校生を収容します。 
