Clients

Joint Venture (“JV”) companies are businesses that include multiple partners. We learned this model in China in the 1990’s, when the sino-foreign joint venture was the dominant business structure there. This structure was largely set aside when western companies were allowed to have wholly owned Chinese subsidiaries.   Today Millennium is reviving the structure. 

Bringing a western business or product to China is never easy. In addition to concerns for IP protection, getting permits and approvals can be expensive, slow, and dicey.   Once the approvals are received, there are new mountains to climb. The China business system is unique to China, and totally foreign to westerners.  Relationships matter, and the best product does not always win.

By using a China Joint Venture and including top tier Chinese companies and private equity investors as key partners, we share the win to assure success. And the western business does not have to risk its own capital, or divert its management time to building out a new market.

Last but not least, China Joint Ventures are able to IPO on the Chinese stock market – which have some of world’s highest multiples.