Kelvin Wu King Shiu

Kelvin Wu King Shiu (Chinese: 胡景邵) is a Hong Kong financier and entrepreneur. He is the Founder and Chairman of AID Group, Principal Partner of AID Partners Capital, Chairman and Chief Investment Officer of AID Partners Technology Holding Ltd (8088.hk) and a Director on the board of HMV Digital China Group Limited (8078.hk).

Previously, Wu served on the board of Shunwei Capital Partners (venture capital firm founded by Leijun, Chairman of Xiaomi Technology), Brave Entertainment Co in South Korea, and Kabushiki Kaisha Hyakusen Renma in Japan. Prior to founding AID Partners, Wu was the President of Investec Asia, a subsidiary of Investec Bank (UK) in Asia and Managing Director of China Everbright Capital Ltd., a subsidiary of Everbright Securities.

Personally, Wu served on the board of governors of ChuHai College, and funded i-Future Teens (an education charity for low-income family children in Hong Kong) and the startup incubation center in CUHK.

Education & Early Career

Wu received his bachelor degree in business administration from The Chinese University of Hong Kong and a post graduate diploma from Osaka University, Japan.

After Osaka University, Wu started his investment banking career at BNP Prime Peregrine Capital in 1996, where he structured, sponsored and underwrote a series of IPOs for Chinese provincial and ministerial government’s off-shore holding companies and internet & technology companies, such as Tom.com, Sega.com, and e-newmedia etc. He later on joined Sega.com as its Chief Operating Officer and Director of Core Pacific-Yamaichi Capital Ltd.

In 2003, Wu became the Managing Director of China Everbright Capital Ltd and built its Investment Banking and Private Equity divisions. In 2005, Wu was appointed by Investec Bank as the President of Investec Asia, where he built and manage a team of over 100 bankers.

Pan-entertainment Platform

In late 2007, Wu founded his private equity fund AID Partners I with the investment from a group of prominent financiers, including Maurice “Hank” Greenberg (former Chairman of AIG) and Francis Leung (founder of Peregrine) etc.

In 2008, AID Partners acquired the legendary film production company Orange Sky Golden Harvest Entertainment, which introduced Bruce Lee & Jackie Chan to the Western audiences in 70s and 80s. Wu was subsequently appointed as CEO, including opening over 50 cinemas in China.

In 2011, the company led the investment in Legendary Pictures, which produced The Hangover, The Dark Knight Trilogy, Inception and 300 franchises. He also co-founded a joint venture Legendary East and became its first CEO for 2 years.

In 2013, Wu invested and formed a China joint-venture with Prime Focus-Double Negative, the 3D conversion & VFX company who has received multiple awards for films such as Harry Porter series, Iron Man, Insterstellar, and X-men series and Godzilla.

In the same year, Wu acquired all the HMV outlets in Hong Kong & Singapore as well as the right to operate in China from the bankrupt music retail chain HMV. Under Wu's leadership, HMV was re-positioned as a contemporary lifestyle house, tapping into Korean artist management, F&B, live events, vinyl trading, online music streaming, as well as brand incubation. In 2014, HMV opened a 2-floors new store in Central, Hong Kong with O2O concepts. In 2015, HMV opened a 40,000 square feet Flagship Store in Causeway Bay, Hong Kong with the Brooklyn-like design.

In 2016, Wu introduced WiL fund, a Japanese venture capital firm, to invest HKD $70 million in HMV Asia. Later on, AID Partners sold HMV to China 3D Digital (8078.hk), a media and entertainment company listed in Hong Kong, and became its single shareholder. The strategic transaction allows Wu to own one of the very few pan-entertainment platform in Asia, with businesses across film productions (with iQiyi, the largest online video site in PRC), local film distribution, cinema operations in PRC, artists management, online music streaming and lifestyle retail

In 2017, Wu contemplated the merger between HMV Digital China and Hualien Media, Taiwan's leading film production and distribution company. After the merger, HMV Digital China Group became one of the largest entertainment companies in Greater China.

Technology investment and roll-out

Since the investment in Prime Focus World-Double Negative, the pioneering 3D conversion & VFX company, Wu has been actively investing and operating Internet and technology companies. In 2014, AID Partners acquired Star Girl, world's first female-oriented RPG mobile game with over 70 million downloads globally. In 2015, AID Partners expands its portfolio in mobile game by acquiring Vsoyou, a RPC based game distribution platform with over 80 million downloads. With the resources from AID, the company grew from a 20 people startup into a leading game distributor with over 150 employees in a year.

In May 2016, Wu announced a name change of his listed investment firm from AID Partners Capital to AID Partners Technology, to focus investing in Robotics, Virtual Reality (VR) / Mixed Reality (MR), Artificial Intelligence (AI) and Healthcare technology. In the same month, Wu announced a USD $30 million investment in ZOOX, a Bay Area based robotic companies who develops Level 4 autonomous driving fleet for Uber-like service, with a group of top-tier VC and investors.

In January 2017, Wu announced a strategic partnership with famous American rapper Ice Cube, on the expansion plan of the Cube Vision production company in Asia.

In May 2017, Wu announced the acquisition of GeneSort, an Israeli cancer molecular diagnostics company for US$23 million.

Currently, AID Partners has 13 offices and venture partner across the world, including Silicon Valley, Los Angeles, London, Tokyo, Seoul, Beijing and Singapore.