- Perfect's Shares and Warrants to Trade on the
NYSE under Ticker Symbols "PERF" and
"PERF WS" respectively
BEIJING, Oct. 31,
2022 /PRNewswire/ -- CCV's early-stage portfolio
company Perfect Corp. ("Perfect"), a global leader in providing
augmented reality ("AR") and artificial intelligence ("AI")
Software-as-a-Service ("SaaS") solutions to beauty and fashion
industries, and Provident Acquisition Corp. (Nasdaq: PAQC;
"Provident"), a special purpose acquisition company, today
announced the completion of their previously announced business
combination (the "Business Combination").
The listed company resulting from the Business Combination will
be called Perfect Corp, and its shares and warrants will commence
trading on the New York Stock Exchange under the ticker symbols
"PERF" and "PERF WS" respectively, on October 31, 2022.
Perfect is also the second IPO that the CCV team has harvested
since Arrail Dental (HKSE:6639) was listed in Hong Kong Stock
Exchange earlier this year.
Perfect is the market leader in the global beauty tech sector,
with over 400 beauty brands, including 17 of the world's top global
20 beauty groups, utilizing Perfect's AR and AI SaaS solutions in
80 countries globally, as of December 31,
2021, according to Frost & Sullivan.
The PIPE transaction is backed by blue-chip investors including
CHANEL, CyberLink, Shiseido, and Snap as well as reputable
financial investors.
Wei Zhou, the founding and
managing partner of CCV, was impressed by Alice and her team in
their first meeting. "I've always believed in Alice and her team to
make history and we think Perfect will continue to achieve
greatness in the global market," said Wei.
CCV devotes to early-stage investments in AI technology. Besides
Perfect Corp, CCV has also invested in other leading AI companies,
such as Shukun Technology, a leading AI medical company that
focuses on diagnostic systems for chronic diseases; Quicktron, an
AI robotics company that focuses on intelligent warehouse robotics
and logistics systems.
About CCV
CCV is a leading venture capital firm focusing on early-stage
investment and committed to supporting technology-driven
innovation. Founded by former KPCB China managing partner
Zhou Wei and the original technology
investment team at KPCB, CCV manages 750
million USD and 2.5 billion
RMB.
CCV team has achieved a 35% unicorn hit rate track record, and
its investment portfolio continues to yield at least one unicorn
every year. Many CCV's portfolio companies have become the first
IPO stock in their respective focused areas. CCV is the A-round
leading investor in 80% of its investments.
CCV's star portfolios include JD.com (NASDAQ:JD), Venus
Tech (SZSE:002439), CreditEase (NYSE:YRD), COL Group (SHSE:300364),
Rong 360 (NYSE:JT), TanTan (acquired by NASDAQ:MOMO), Shukun
Technology, Perfect Corp(NYSE: PERF), JD Digital, Ximalaya FM,
Transsnet Financial, MetaApp, U POWER, Cowa Robot, Naxions,
IceKredit etc.
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SOURCE CCV