ZhenFund explained

ZhenFund
Native Name:	真格基金
Type:	Private
Industry:	Venture Capital
Foundation:	2011
Location:	Beijing, China
Founders:	Bob Xiaoping Xu^[1] Victor Qiang Wang
Key People:	Anna Fang (CEO)
Products:	Investments

ZhenFund is a Beijing-based venture capital firm founded in 2011 by New Oriental co-founders Bob Xu and Victor Wang. It is considered one of the largest angel investors in China.^{[2] [3]}

Background

In 2011, Bob Xu and Victor Wang established ZhenFund as a firm in collaboration with Sequoia Capital China.^[1] 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.^[4]

The firm invests in various industry fields such as the internet, technology, artificial intelligence, corporate services, healthcare and education.^[5]

Offices

ZhenFund is headquartered in Beijing with additional offices in Shanghai, Shenzhen and Palo Alto.^[6]

Notable investments

• Blueseed^[7]
• EHang^[8]
• Jiayuan.com^[9]
• LightInTheBox
• Mobvoi
• Momenta^[10]
• Niu Technologies^[11]
• Ofo^[12]
• Ucommune^[13]
• Woyingzhichang^[14]
• VIPKid^[15]
• Xiaohongshu^[16]

Notes and References

1. Web site: Bob Xu - Angel Investor and Founder of ZhenFund . Investor's Globe.
2. News: Barreto. Elzio. 2 June 2016. China's biggest angel fund bets on boom led by young consumers. en. Reuters. 23 March 2021.
3. Web site: 24 March 2016 . 独家起底真格基金:5年300个投资项目表现如何？ . 3 July 2023 . finance.sina.cn.
4. Web site: Apostoaie . Ella . 11 December 2023 . Who is ZhenFund? . 13 December 2023 . . en-US.
5. News: Cheung . Sonja . 17 May 2013 . Sequoia Joins Early Stage Trend With Backing for Zhenfund . en-US . Wall Street Journal . 3 July 2023 . 0099-9660.
6. Web site: Contact Us . 23 March 2021 . Zhenfund.
7. Web site: 14 December 2012. Blueseed Receives Seed Funding from Xu Xiaoping and Wang Qiang of ZhenFund · TechNode. 23 March 2021. TechNode. en-US.
8. Web site: EHang, maker of autonomous flying shuttles, files for $100 million IPO. 23 March 2021. TechCrunch. November 2019 . en-US.
9. Web site: Tech in Asia - Connecting Asia's startup ecosystem. 23 March 2021. www.techinasia.com. en-US.
10. Web site: Hu . Bailey . Momenta claims China's first self-driving unicorn title after new round of funding · TechNode . TechNode . 18 October 2018.
11. Web site: Niu Technologies to Present at 21st Annual Needham Growth Conference. 23 March 2021. finance.yahoo.com. en-US.
12. Web site: Fannin. Rebecca. Crash Of China Bike-Sharing Startup Ofo Costs Leading VCs Big-Time. 23 March 2021. Forbes. en.
13. Web site: 9 July 2020. Ucommune Achieves NASDAQ Backdoor Listing at 75% Off. 23 March 2021. Mingtiandi. en-US.
14. Web site: 线上教育"我赢职场"获200万天使投资_淘名资讯. 23 March 2021. news.taoming.com.
15. Web site: 23 August 2017. VIPKID Raises $200 Million in Series D Financing, With Sequoia Capital as Lead Investor and Tencent as Strategic Investor. 23 March 2021. www.businesswire.com. en.
16. Web site: 1 June 2018. Alibaba led $300 million Series D in Xiaohongshu, China's trendy lifestyle shopping app. 23 March 2021. Pandaily. en-US.