Capvision is one of the larger expert networks globally, and the largest expert network based in China, domestically named Kaisheng Rongying. It was founded in 2006 by former Bain & Company consultants. In June 2020, it had 400+ employees and a network of 300 000+ expert advisors. Most of Capvision’s experts are specialists in TMT, Healthcare, Automobile and Transportation, and Commerce & Retail industries.
The bulk of Capvision's clients are Chinese firms, although the firm has been successful in serving US-based firms researching Chinese markets. The firm had early success with serving international mutual funds, becoming a preferred partner for Chinese experts. It has since branched into other segments (e.g. corporates, private equity and hedge funds).
The company originally focused specifically on sourcing experts within China, but has since expanded globally. It currently has offices in New York, Shanghai, Munich, Hong Kong, Osaka, and Beijing and offers not only expert calls, but also surveys, corporate access services, conferences, market research and HR services.
- In 2015, former Capvision and GLG managers founded the expert network Liahnson & Company in Seoul, South Korea.
- In 2018, former managers founded the machine-driven expert network Linker Intel in Shanghai.
- In 2019, former managers at the Japanese branch of Capvision founded GS Partners, an Osaka based expert network.
Capvision IPO rumors
Capvision is listing on the Hong Kong stock exchange, first mentioned in July 2021 at Sina.com. The listing is expected for Q3 2021.
In the spring of 2020, Capvision did a series of equity transfers on terms that valued total company equity at RMB 2.3 Bn (~$320m). This valuation was approximately 5x sales and 21x EBITDA from FY2019.
The company was featured in our expert network benchmarking from June-July 2018. Inex One identified Capvision as a regional champion in our review of the 2019 expert network market size. Regional champions have a particularly strong foothold in their respective regions, while typically also offering global services.