Business, Startups

8 Richest Institutional VC Investors in China

In the last couple of years a number of Internet and technology companies from China have managed to go global in a short period of time from their inception. Some are getting attention from foreign VCs, while some have even started to invest in other startups overseas. Now when cross border investment have started from Chinese firms, here are the China based VC firms which are most active in their country.

Guo Guangchang, Founder & Chairman, Fosun Group

Guo Guangchang is the Founder & Chairman of Fosun Group, a Chinese investment company. He was born in 1967 in Dongyang, Zhejiang, and currently has a net worth of $5 billion. In 1989, Guo received his B. A. in Philosophy from Fudan University, and also got an MBA from the same university. In 1992, he founded Guangxin Technology Development Company Ltd., which was among the first to use scientific methods in market research in mainland China. Since 1994, Guangchang has been the Chairman of Fosun Group and invested in sectors such as insurance, pharmaceuticals & healthcare, property, steel, mining, retail, services, and finance. In 2014, his company paid $1.4 billion for Portuguese insurance firm Caixa Seguros e Saude and agreed to invest in a U.S.-based film studio named Studio 8.

In below video, Guo Guangchang explains how his company, starting from scratch, became a competitive global player, and how he overcame the challenges faced along the way:

Zhang Lei, Founder, Chairman, Chief Investment Officer, Hillhouse Capital Management

Zhang Lei  is the Founder, Chairman, and Chief Investment Officer of Hillhouse Capital Management Ltd. He was born in 1972 in Zhumadian, China. His net worth is $2.4 billion. He received his B.A. in Economics in 1994. In 2002, He received an MBA and M.A. in International Relations from Yale. In 2005, Zhang founded Hillhouse Capital, an investment management firm, which invests globally, with  a particular focus on Asia and China. Hillhouse Capital managed over $18 billion of assets as of Dec 2014. It has invested in firms like Tencent Holdings Ltd., BeiGene, Huimei,, Midea,, Wind,, and Baidu among others.

Here is a video in which Zhang Lei has explained about the investment strategy followed in the Association of Southeast Asian Nations (ASEAN) which include countries Indonesia, Malaysia, Philippines,Singapore, and Thailand.

Neil Shen Nanpeng, Co-Founder, Sequoia Capital China

Neil Shen Nanpeng Co-Founded Ctrip, one of China’s online travel sites, before Co-Founding Sequoia Capital China and investing in more than 100 companies including Qihoo 360 (QIHU) and (VIPS). He graduated from Shanghai Jiao Tong University, and got his master’s degree in the U.S. at Yale. He is managing partner at Sequoia Capital and having a net worth of $1.8 billion. Sequoia’s current portfolio include Zuoyebang, Wanda, Happigo, Dongpeng, Polybona, Yicheng, Dianping, Qihoo 360, 360buy, Kaifeng, and Tuniu among others.

In below video, Neil Shan is talking about most prevalent myths that exists in China

Jiao Zhen, CEO, Founding Partner, Investment Director, CDH Investments

Shuge Jiao Zhen serves as the CEO, Executive President, Founding Partner, and Investment Director of CDH Investments which was started in 2002. His net worth is $900 million. Jiao received a Bachelor’s Degree in Mathematics from Shandong University in 1986 and a Master’s degree in Engineering from the Ministry of Space Industry Institute in 1989. He was Deputy General Manager of the direct investment department for China International Capital Corporation Limited from December 1995 to August 2002 and researcher with Beijing Information and Control Research Institute from September 1989 to October 1995. CDH has invested in firms like ZhongAn, Mocar, Lufax, Daojia, Tujia, Yoho, and Gewara.

Wu Gang, Chairman, Partner, JD capital

Wu Gang, 39, serves as Chairman and Partner of JD Capital, an investment company which was founded in 2007. His net worth is $770 million. Prior to this, Wu was a Portfolio Manager of the Investment Banking department of MF Securities Ltd. from 2001 to 2002, and an Assistant to the President of Guangxi Beibu Gulf International Port Group Co Ltd. He also served as a Director and a Deputy Director of China Security Association. Wu was a Researcher in Finance from Southwestern University of Finance and Economics and holds a Ph.D. in Finance from Beijing University and an M.S. in Business Management. JD Capital’s portfolio companies include Billions, Er-Kang, U-Tour, Geeya, Lancy, Gifore, and Huifeng. 

Andrew Yan, Managing Partner, SAIF Partners

Andrew Yan, 58, serves as the Managing Partner of SAIF Partners III and SB Asia Investment Fund II, and the Managing Director of Softbank Asia Infrastructure Fund (SAIF). SAIF Partners is an Asian private equity firm which was founded in 2001. Prior to this, he was the Managing Director and Head of the Hong Kong office of the Emerging Markets Partnership from 1995 until 2001. He holds a Ph.D. and an M.A. in International Political Economy from the Princeton University in the United States in 1989, an M.A. in Sociology and Economics from the Beijing, Peking University from 1984 to 1986 and a B.S. in Aerospace Engineering from the Nanjing Aeronautic Institute in 1982. In 1995, he also studied MBA Program in finance and accounting courses at the Wharton Business School. His net worth is $650 million. SAIF’s portfolio includes firms like, Accuvally, Acorn International, Advision Media, Alchip, Ampirus, Appotronics, Huaxi, Eduask, Ryzur, Lepro, Best Elite International, and Bocom Digital among others.

In below video, Andrew Yan had talked about the Global Financial Crisis – how has the PE model changed in Asia and what does this mean for future opportunities.

Zhao Linghuan, Co-Founder, CEO and MD, Hony Capital

Zhao Linghuan, 52, co-founded Hony Capital (Beijing) Co., Ltd. in 2003 and serves as its Chief Executive Officer, Managing Director and President. Prior to launching Hony Capital, he was CEO of eGarden Ventures, CEO of technology company Infolio Inc., Chairman and CEO of Vadem Ltd. and general manager of U.S. Robotics. He holds a Bachelor’s degree in Physics from Nanjing University in July 1984, dual Master’s degrees in Electrical Engineering and Physics from Northern Illinois University in 1990, and a M.B.A degree. from the Kellogg School of Management at Northwestern University in 1996. His net worth is $650 million. Zhao served as an Advisor to the CEO of UTStarcom Inc., and Lenovo Group Ltd., from 2002 to 2003, and as a Managing Partner of eGarden Ventures, Ltd from 2001 to 2002 and also served as its CEO. Hony Capital is a private equity industry and invested in firms like Tuniu, Deem, PPTV, and among others. 

Xiong Xiaoge, Founding Partner, VP, Chairman, IDG

Xiong Xiaoge, 60, graduated from Hunan University in 1981. In 1984, he served as an interpreter and teacher of english in the ministry of Electromechanics, and in 1986, he worked in the International News Department of Xinhua News Agency. In 1993, Xiong represented IDG, in cooperation with Shanghai Municipal Commission of Science, and in 1998, Xiong represented IDG in the establishment Technology Venture Investment Funds with the Ministry of Science and Technology. His net worth is $610 million. IDG’s investments include Xiaomi, SouFun, Cnano technology, Moncler, LineKong and Kujiale.

Note: The list has been made on the basis of net worth of startup investors according to the data given here

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