Shanghai Pudong Development Bank

Company

Investment-firm

Last deal

$5.8B

Amount

Post-IPO Equity

Stage

10.03.2010

Date

1

all rounds

$5.8B

Total amount

General

About Company
Shanghai Pudong Development Bank is a commercial bank in China.

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Also Known As

SPDB International

founded date

01.01.1993

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

Founded in 1993, Shanghai Pudong Development Bank is a nationwide joint-stock commercial bank that offers personal banking, commercial and investment banking, and treasury and financial marketing products and solutions. With a registered capital of RMB 19.653 billion, the bank is highly regarded in China's security market for its outstanding performance and business integrity. It typically invests in startups with a value of over $1 billion and is involved in less than 2 deals per year. The bank has a preference for startups with 1-3 founders and those that are 4-5 years old. Some of its popular portfolio startups include Ucar, Royole Corporation, and YITU Technology, and it invests in industries such as Artificial Intelligence and Mobile Devices. The bank usually participates in investment rounds with 4-5 other investors and has been known to co-invest with China Minsheng Bank, China Merchants Bank, and Zhongtai Chuanghui Equity Investment Fund. In 2020, Shanghai Pudong Development Bank recorded annual revenues of $52.3 billion and a net profit of $8.5 billion.
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