CEO at INNOSPACE+
Richard Tan is the General Manager with SHUI ON Group, and the Chief Executive of Shanghai ChuangPai Investment & Consulting Company. Part of the core team to develop a new product line for the Group – Knowledge Community (KC), Mr Tan is directly responsible to create a robust and vibrant enterprise ecosystem within the Community; to enhance interaction and transaction between companies, and other partners. He has also put in place a total solution set-up, ranging from providing talent solutions to enterprise solutions and even international business connectivity. Mr Tan spearheads and manages InnoSpace, an incubation platform, which is now touted as one of China’s most impressive cradle for innovation and entrepreneurship. Through its effective incubation services, InnoSpace has produced 8 star ventures (each worth >Rmb100mn within 12 months of their inception).
Adopting an incubation+investment model, Mr Tan also started SHUI ON Group’s first US$6mn Angels’ Fund. Under his leadership as Managing Partner, prominent players such as Prosperity Investment (China’s largest FoF) and CITIC Capital also participate in the Fund. Through acute business sense, this Angels Fund currently enjoys a bookgain IRR of 73% in a 24-months investment horizon. Under his leadership, Shui On Knowledge Community is well positioned as the most effective launch-pads into China. Overseas governments such as Korean and technology giants including Siemens and BMW are now engaging InnoSpace to accelerate startups etc. Given this strong track record, Shui On Group recently approved Mr Tan to set up its 2nd Technology Fund of US$30mn.
Mr Tan’s key responsibilities also include building up the Knowledge Community for the US$4.3 bn Dalian Tiandi project in Dalian. This is a 3.6 million square meters integrated mixed use development comprising of software offices, retail malls, hotels, residential, international schools, parks and gardens.
During his 4 years tenure, Mr Tan successfully launched this mega software hub project. Phase 1 of the software offices is fully taken up. Some of Dalian Tiandi’s Fortune 500 clients include IBM which has set up their China’s largest global delivery center there. All the three companies
in Dalian that are listed in New York Stock Exchange will also be setting up their 10,000 staff-strong bases Other prominent clients include China Soft and Kingsoft. With his vast experience in developing software hubs, Mr Tan also help build up technology platforms such as cloud computing and internet datacenter in Dalian.
Mr Tan is also charged of establishing International Strategic Partnerships for the Group. He has helped set up SHUI ON’s first overseas center in USA. Some of the strategic partners formed by Mr Tan also include Mitsui Fudosan in Japan, Cyberport in Hong Kong, Hanwha Group in Korea, Los Angeles Economic Development Council, and LACI in USA.
Prior to joining the SHUI ON Group, Mr Tan was the Vice Consul for the Singapore Consulate in Mumbai, India. He was double-heading as the Regional Director for the Singapore Economic Development Board. Mr Tan was instrumental in attracting US$200million of investment from India into Singapore. He was also part of the team in negotiating the Comprehensive Economic Cooperation Agreement (ie free trade agreement) between India and Singapore.
Mr Tan graduated with Distinction in Bachelor of Economics and Finance at RMIT University, Australia in 1995. He was also the first foreign student to represent an Australian university on the prestige 1-Year Merit Exchange Programme in Kyoto University in Japan. Recognising Mr Tan’s achievements in the business fields as well as strong contribution in fostering Australia-China business relationship, Mr Tan was one of the finalist in 2016 Australia-China Alumni.