Beijing Kubao.com Tech Co., Ltd (Kubao), the outstanding NGN software and service provider in China successfully closed its series A private placement with HSBC Private Equity (Asia) Limited (HPEA). JoveOne Capital acted as the exclusive financial advisor to the Company in this Transaction.

Kubao is the leading NGN software developer and service provider in China, dedicated in developing internet communication through P2P tech and value-added application and service in multimedia entertainment area. Kubao aggregates VOIP and P2P interactive entertainment functions and finally developed Kubao Messenger with its own intellectual property. Kubao Messenger is a perfect user end software integrating VOIP, IM, P2P download, Voice Blog, online P2P Broadcasting and other applications. Now Kubao has been working with telecom operator to develop NGN market together.

HSBC Private Equity (Asia) Limited (HPEA) is the branch of HSBC HOLDINGS. Since established in 1988, HPEA has ten years experience in direct investment in the high growth companies in Asia-pacific area including China, South Korea, and India etc.

JoveOne Capital is a leading investment bank in providing private placement and mergers & acquisitions service in China. We focus on technology, Media, telecom, chain business and other high growth industries and provide our clients with best financial advice and services. Help our clients is our responsibility, growth with our clients is our target.

In this fundraising, Kubao’s outstanding NGN VOIP software and service system attracted HSBC which is preferred in investing high tech industry. The future of internet communication market in China has been identified by both parties and they decided to develop this market together.