GGV Capital Complete Round B Investment of Water Works With Two Investments in

      ChinaVenture Beijing May 8 news, GGV Capital announced a few days ago that it has completed the Round B investment of Beijing Water Works Operation Management Co., Ltd. (Water Works) united with existing investors. Yu Lifeng, a partner of GGV Capital, will be the director of Water Works.

      Water Works is a leading enterprise in the peration management field of China"s environmental infrastructure. It owns innovative service mode and strong technical integration capacity and specializes in providing long-term operation management and comprehensive solutions to the water environmental problems of medium and small cities and industrial parks. Following awarded as one of the "Top Ten Institutes With the Best Service Standard in China Water Industry" for two consecutive years in 2010 and 2012, Water Works was on the list of "Top Ten Most Influential Enterprises in China Water Industry (Service Type)".

      Under the background of "Beautiful China" and "New Urbanization", our country will continue increase the input to environmental industry. By taking advantages of policies, the environmental industry will embrace a golden development period in the future 5 to 10 years. The frequently happened environmental accidents indicate that due to lacking of special planning construction and operation management, there are lots of hidden troubles of sewage treatment equipment in medium and small cities and industrial parks to be solved, and thus having a great requirement on comprehensive environmental services. All of these provide a good market opportunity for companies focusing on environmental services such as Water Works.

      When talking about reasons for this investment, Yu Lifeng, a partner of GGV Capital, said that: "Water Works has first-class management team and unique business mode, leading rapid business development."

      "Water Works is the second investment of GGV Capital within one year after investing on Aegis, a enterprise focusing on oilfield"s environmental services", Yu Lifeng added, "As one field of strategic investments, GGV Capital will continue to focus on energy saving and environmental protection field, especially those projects with leading core technologies and special business modes in emerging fields."