Hotung Investment Holdings has named Hsieh-Ho Chen as CFO and chief sustainability officer (CSO). Here are three things to know about Hotung's sustainability strategy and and Chen's experience.
1. Business Scope and Scale: Hotung Venture Group, founded in 1987, is based in Taipei, Taiwan. The venture capital firm has invested in more than 700 companies since inception. We are aiming to invest in companies whose potential growth rate exceed 25% annually.
We don't know how many employees the business has or if the company has set a net-zero goal.
2. Investment Focus for 2024: In a prepared statement, Hotung Chairman Tsui-Hui Huang said: "With our previous senior investment experience, we will seek to take artificial intelligence as the core, and pay attention to sustainable energy, material science and cutting-edge semiconductors developments." The company typically invests in prefer A, prefer B stage shares for a horizon of three to seven years.
3. Hsieh-Ho Chen's Experience: Prior to joining HIC, Chen was VP of Homeplus Digital Co. from 2021 to Feb. 2024. While there, he oversaw Channel&Content, HR, Office Administration, Procurement, Legal, Compliance, Customer Care and IT functions.
Earlier, Chen from 2015 to 2020 was CFO of Taiwan Star Telecom Co. In that role, he raised over NTD 50 billion equity and loan financing to support the company’s growth. He also held key posts at Motech Industries, Morgan Stanley Asia, Taipei Fubon Bank, and Global Financial Services Co.
Hotung Investment Holdings and Sustainability: Why Technology Partners Should Care
By 2027, 25% of Global 2000 companies will have assigned a chief sustainability officer (CSO) responsible for meeting their organization’s ESG goals and making ESG-related IT purchasing decisions, according to IDC.
The bottom line: Technology partners need to extend their sales, marketing, engagement and support strategies to successfully fulfill those CSO customer needs, Sustainable Tech Partner believes.
