Tuesday 9 February 2021

Foundational Technology Investing: Chris Hsu and Kilometre Capital Management

Hong Kong-based financial executive Chris Hsu is the CEO and Managing Partner of Kilometre Capital Management. Widely seen as one of the world’s leading negotiators and dealmakers, Christopher Hsu leads HK’s Kilometer Capital as CEO and business head, spanning Korea and SE Asia, Taiwan and mainland China. Kilometer Capital, the brainchild of former hedge fund Citadel Investment Group’s Managing Director Chris Hsu, provided Tsinghua University, one of China’s leading educational institutions, with prescient guidance on the $4.6-billion majority stake in Hewlett Packard China and H3C. This served as a precedent-setting US-China technology joint venture and earned US Congressional approval. Chris Hsu also attained distinction as an early-stage SpaceX and Spotify investor who accurately anticipated the critical mass success of these companies.

Following difficulties of such companies as Facebook, Google, and Uber in China, Hewlett Packard (H-P) agreed to sell the majority stake to state-owned Tsinghua Holdings after tensions between the U.S. and China made it increasingly difficult for foreign technology companies to operate in the China’s data and information sectors.  Tsinghua and Hewlett Packard Enterprises turned to the complex negotiation skill of Chris Hsu and Kilometre Capital with hands down no complaint.  The result: Tsinghua Unigroup, one of the prestigious university’s business units and the country’s biggest chip maker, in May acquired 51% stake of Hewlett-Packard Co.’s China data-networking operation H3C Technologies in a precedent deal that valued the technology giant at an estimated US$4.6 billion.

The Hewlett Packard deal was one of the pivotal precedents and joint ventures in the global technology history, achieving one of last major US-China CFIUS approvals by U.S. regulators.  Tsinghua University is ranked the top university in China, and consistently within the top 10 universities worldwide. 

Prior to leadership at Kilometre Capital in Hong Kong, Chris Hsu was CEO and Founding Partner of Abax Global Capital, a private equity fund and hedge fund with offices in Hong Kong, Beijing, and Shanghai and a JV partnership with Morgan Stanley Investment Management/ 

Christopher Hsu holds a Management Science Engineering degree from Stanford University, where he received the Stanford President’s Award for Excellence, which highlights exemplary students who contribute to the global community