Xinhu-Yu Venture Philanthropy Fund Invests RMB 1.5 Million in Chengdu Lang Li Elder Service Center
After nine months of screening and competition, the “Social Investment Platform” Award Ceremony was held in Millennium Hotel, Beijing on April 22, 2014. With full consideration of Xinhu-Yu Venture Philanthropy Fund’s focus of interest, social enterprise business model and team capacity, the needs and potentials of social enterprises, Xinhu-Yu finally chose “Lang Li Elder Service Center” as investment target. It is the Xinhu-Yu’s third venture philanthropy investment, after Golden Wings and Shaanxi Xixiang Women’s Development Association. Lang Li will be granted a phased investment of RMB 1.5 million from Xinhu-Yu, and will be provided with comprehensive incubation services.
Initiated by British Council and seven social investors, including Xinhu-Yu, “Social Investment Platform” is a social investment boot camp open to nationwide social enterprises. It provides training, one-on-one mentorship and investment to outstanding social enterprises. After the first three months of application, screening, interviews and trainings, Xinhu-Yu shortlisted three high-potential social enterprises, covering areas of poverty relief and women development, elder care, and waste recycling. In the past six months, Xinhu-Yu provided profound consulting services to these three social enterprises, and finally, Lang Li Elder Service Center stood out to become the 3rd investee of Xinhu-Yu.
Chengdu Lang Li Elder Service Center
Lang Li was established in July 2010, with the mission to ”treat all parents as their own, and help all sons and daughters to fulfill their responsibility”. Its comprehensive service model includes elder care, healthcare services and training. Lang Li hires management professionals that have studied overseas., and introduces advanced elder services and management skills from Europe. Lang Li is aiming to become the No.1 elder service brand in West China and even the whole country.
Lang Li’s home-based elder service program is currently based on 18 chain centers in the communities of Cheng Du, and is expected to expand to 50 chain centers within three years. The professional team now provides 13 kinds of home-based elder service focusing on recovery service and healthcare.
We believe that with Xinhu-Yu’s social investment and management consulting services, Lang Li will be empowered to scale up in the western region and even in the national market soon.