DESS: Lin Feng connects China and Europe through DealGlobe
Many small businesses owners reach a point in their company’s life where the next step is to either look for more investors to grow the business or sell it on and look for new challenges. The problem for many is connecting their company with those investors. For investors, particularly those from outside of Europe, the challenge is finding those companies that want investment. It’s this gap in the market that Lin Feng spotted and used as the basis to found and grow DealGlobe, an online portal and social network that helps investors, buyers and business owners to connect between China and Europe.
I spoke to Feng to discuss how he plans to take these relationships online and make it easier for Chinese companies and investors to work with their counterparts in Europe.
What is DealGlobe in a nutshell?
DealGlobe is an online mergers and acquisitions (M&A) platform that includes an integrated social media network targeted at global M&A and investment professionals, with unique access and knowledge of China and other emerging markets capital. We use the power of the Internet to help our professional user-base execute M&A and investments more efficiently, especially cross-border deals. This provides small and medium size businesses access to deeper pools of international capital, and allows buyers to find more suitable investment projects.
DealGlobe users include investment banks, law firms, strategy consultancies, accounting firms, private wealth management, government agencies, private equity firms, CFOs, corporate development and strategy teams in large corporations, and small and medium-size enterprises.
How did your business come about? Why did you choose to be a matchmaker for companies that want to work together?
All of the founders hold a common belief that the Internet will change the investment banking industry. As a result, we have set off on a journey to solve the four main problems we see in the sector:
- Resolve the inefficiencies of M&A deal sourcing and screening.
- Create social networks online for investment professionals.
- Combat the information asymmetry of cross-border deals.
- For China especially, there is a need to deal with low market knowledge and processes for buyers.
What makes you different from other online M&A consultation businesses?
We are the only platform truly focused on China, with a strong network of European and Chinese investors, entrepreneurs and professionals. Supporting this is an experienced team with a proven track recor