25803 - NewAuto China

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Summary of Proposed Investment

Project Number

25803

Company Name

China Digital Video (Beijing) Limited

Date SPI Disclosed

Feb 21, 2007

Country

China

Industry

Financial Markets

Projected Board Date

Mar 23, 2007

Status

Completed

Sector

Engineering Services

Department

Equity Portfolio Management

Environmental Category

C - No Impact

Previous Events

Approved : Aug 6, 2010
Signed : Sep 9, 2007
Invested : Jan 14, 2008

Project Description

Beijing-based Newauto Video Ltd. (Newauto or company) is one of the largest providers of video technology products and solutions in China. The company provides total solutions and video equipment systems to local broadcasting stations. Newauto provides products such as character generation software, virtual studio and non-linear editing systems. Its customers include over 300 TV broadcasting stations in China.

The Chinese video product and technology market is estimated to be $650 million for 2006. Demand is expected to grow at more than 50% per year in the next 3-5 years, mainly driven by large events such as 2008 Beijing Olympic Games.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	11.0

Development Impact

Information technology is an increasingly significant component that underlies the foundation for growth for infrastructure in developing countries. This holds true particularly for China, where growth is fueled by in part by efficient deployment of information technology.

An investment at this stage will allow a local industry leader to expand its range of products and services to measure with its international peers. An investment will support the company’s ability to develop and grow in the domestic broadcasting industry and will assist the local industry to achieve its goals to support the broadcasting industry in its aim to transform to a full digital offering by 2008.

IFC’s presence will validate and support a young, though high-growth sector in China, while helping the company to use best practices of its international peers. Further, IFC can play a role in enhancing the company’s corporate governance. Finally, IFC’s participation would provide a demonstration effect for high-technology investments in China and other IFC client countries.

This is a category C project according to IFC''s environmental and social review procedure. There are minimal environmental and social impacts associated with this project. If a new Newauto facility would require land acquisition and/or construction of a building during the life of IFC''s investment, Newauto will notify IFC, develop procedures to manage the risks and impacts, and demonstrate to IFC compliance with all relevant environment and social policies, guidelines and procedures.

Contacts

For Inquiries About the Project, Contact

Mr. Zheng Fushuang, Chairman of Board
Newauto Video Technology Company
6th Floor, Silicon Valley Computer City Building
No. 1 Xi Chaochang Road
Haidian District, Beijing China 100080

Telephone: 86-10-62586666
Fax: 86-10-82853152

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Washington DC 20433
Telephone: 202-473-3800
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This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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