ZhenFund () is a
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...
-based
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
firm founded in 2011 by
New Oriental co-founders Bob Xu and Victor Wang. It is considered one of the largest
angel investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital to a business or businesses, including startups, usually in exchange for convertible de ...
s in
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
.
Background
In 2011, Bob Xu and Victor Wang established ZhenFund as a firm in collaboration with
Sequoia Capital China.
Xu and Wang previously co-founded
New Oriental, one of the largest education
conglomerates in China.
Zhenfund was originally a personal investment vehicle for the duo that was set up in 2007.
The duo brought in Anna Fang as a founding partner shortly after the firm was launched.
The firm invests in various industry fields such as the
internet
The Internet (or internet) is the Global network, global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a internetworking, network of networks ...
,
technology
Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...
,
artificial intelligence
Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...
,
corporate services
Corporate services or business services are activities which combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) ...
,
healthcare
Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...
and
education
Education is the transmission of knowledge and skills and the development of character traits. Formal education occurs within a structured institutional framework, such as public schools, following a curriculum. Non-formal education als ...
.
Offices
ZhenFund is headquartered in
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...
with additional offices in
Shanghai
Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...
,
Shenzhen
Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...
and
Palo Alto
Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto.
Th ...
.
Notable investments
*
Blueseed
*
EHang
Guangzhou EHang Intelligent Technology Co. Ltd. is a company based in Guangzhou, China that develops and manufactures autonomous aerial vehicles (AAVs) and passenger AAVs which have entered service in China for aerial cinematography, photograph ...
*
Jiayuan.com
*
LightInTheBox
LightInTheBox Holding Co., Ltd. is an online clothing sales company which specialises in cheap men's and women's clothes, and other goods that they describe as "lifestyle products'. The company is headquartered in Singapore and has additional o ...
*
Mobvoi
Mobvoi Information Technology Company Limited ( zh, first=s, s=出门问问, t=出門問問, p=Chūmén Wènwèn) is a technological company headquartered in Beijing, China that sells and develops consumer electronics and Chinese voice recogn ...
*
Momenta
Momenta Global Limited (shortened to Momenta) is a developer of intelligent driving technologies, based in Beijing and Suzhou, China.
History
Momenta was founded in September 2016 led by Cao Xudong, a former scientist at Microsoft Research a ...
*
Niu Technologies
Niu Technologies ( zh, 牛电科技; stylized as NIU) is an electric scooter company headquartered in Beijing, China. Yan Li has been its CEO and COO since December 2017.
Niu's products include electric scooters, electric bicycles, e-scooters ...
*
Ofo
*
Ucommune
Ucommune International Ltd. (), formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities aroun ...
*
Woyingzhichang
Woyingzhichang ( wyzc/ 5win/ 51zhichang) is one of China's largest online IT vocational job training and services firm. In Chinese, the name roughly translates to "winning in the job market." It was founded in 2013 as a spin-off from Uplooking ...
*
VIPKid
*
Xiaohongshu
Xiaohongshu (XHS; zh, s=小红书, p=Xiǎohóngshū, l=little red book), known in English as RedNote, is a Chinese social networking and E-commerce in China, e-commerce platform.
, 70% of the platform's users are reportedly born after 1990, a ...
See also
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Hopu Investment Management
References
External links
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{{authority control
Financial services companies established in 2011
Venture capital firms of China
Angel investing