Welcome to Hans Tung, GGV Capital’s Newest Partner
Today we are welcoming Hans Tung, one of the most influential venture capitalists in China, as the newest member of our team. We’ve known Hans for over 8 years, and he was our top choice when we decided to add a Partner to our team. Hans brings a unique mix of experience in emerging trends in mobile and consumer Internet and thoroughly understands the challenges and opportunities for companies looking to expand from the US to China and vice versa. Hans will certainly be a highly valuable member of our global strategy.
We founded GGV Capital in 2000 with the idea that investing in the world’s two largest economies was paramount for helping start-up companies become global leaders. One of our first investments was Alibaba, which has grown to be the largest e-commerce company in the world, last year reporting transaction volume greater than eBay and Amazon combined. Alibaba’s upcoming IPO is anticipated to be among the largest the tech industry has ever seen.
Now with 120 investments over the past 13 years, including 14 IPOs across six different exchanges since 2010, our consistent strategy of backing leading companies led by entrepreneurs focused on “going long” in the US and China has been validated. By focusing on global trends from both geographies, we see opportunities through a different lens and entrepreneurs count on us to help them navigate these unique opportunities. We know that investing in great entrepreneurs – both in the China and the US – makes all the difference. We saw early successes with Alibaba, AAC Acoustics, and SuccessFactors, and our more recent successes include Pandora Media, Buddy Media, Tudou, YY.com and Vocera Communications. We’re proud to back leading companies across the US and China, such as Square, Houzz, Hotel Tonight, SoundCloud, Zendesk, Nimble Storage, Meilishuo, Chukong Technologies, Qunar, UCWeb and others.
As the world becomes increasingly mobile and new billion-dollar industries now exist where they didn’t five years ago, we are excited to expand our global team with the addition of Hans. GGV operates on a unique single-team model, which means we invest together, regardless of geography, from a single fund, and share in the success of the entrepreneurs and the companies we back. Hans’ experience as a global investor, especially in the areas of mobile, consumer Internet, and gaming, is well known by Chinese entrepreneurs. He enhances our team and gives us added reach at a time when mobile, cloud computing and vertical e-commerce companies are hitting the accelerator in terms of overall growth and opportunity.
More about Hans
Hans’ experience spans venture capital, internet start-ups, and tech investment banking over 18 years. He was one of seven China VCs named to the 2013 Forbes Midas list, and is also recognized by The Founder and CBN News magazines as a Top 10 most entrepreneur-friendly VC in China. He led investments or served on the boards of start-ups that later became category leaders, including Xiaomi, where he was involved in attracting Hugo Barra, the former Head of Android Product Management at Google, Mafengwo Travel, Vancl.com, eHi Car Rental, Domob Mobile, and Forgame, which just went public on the Hong Kong Stock Exchange, carrying a market valuation of over $1B.
Hans joins GGV Capital from Qiming Venture Partners where he focused on investment in China for the past six years. Previously he was with Bessemer Venture Partners, where he helped global players such as Skype to expand into China. Hans was also a founding member of Taipei-based Crimson Asia Capital and HelloAsia, a pan-Asian focused consumer Internet start-up based in Silicon Valley. He started his career at Merrill Lynch as an investment banker focused on the technology sector. He earned his B.S. in Industrial Engineering from Stanford University.
We couldn’t be more excited to welcome Hans to our team and for the opportunities we see ahead in the US and China.