Shunwei Capital
Native name | 順為資本 |
---|---|
Company type | Private |
Industry | Venture Capital |
Founded | 2011[1][2] |
Founders | Lei Jun[1][2] Tuck Lye Koh[1] |
Headquarters | Beijing, China[1] |
Products | Investments |
AUM | Over US$3 billion (2020)[1][3][4] |
Website | www.shunwei.com |
Shunwei Capital (Chinese: 順為資本; pinyin: Shùnwèi zīběn) is a Beijing-based venture capital firm founded in 2011.[1][2] It was founded by Lei Jun (the founder and CEO of Xiaomi) and Tuck Lye Koh.[1][2] The firm focuses on investing in the technology sector in China as well as other countries such as India and Indonesia.[3][4] According to South China Morning Post, from January 2019 to May 2020, it was the ninth most active venture capital firm in China.[5]
Background[edit]
Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh.[1] Lei was previously the CEO of Kingsoft until 2007,[6][7][2] as well as founder of Xiaomi in 2010.[2][7] Meanwhile, Koh was a Singaporean who worked in China for GIC and C.V. Starr Investment Advisors dealing with technology investments.[1]
The firm provides growth capital to internet and technology companies mainly in China but also in other countries such as India and Indonesia.[3][4] Investments have been made by the firm in telecommunications, digital media, video games, Rural Internet, and financial technology sectors.[8] As of 2020, the firm has invested in over 400 companies.[2][4] The company's notable investments include Xiaomi,[1] Nio,[9] IQIYI,[10] Xpeng Motors,[9] Koo[11] and Zomato.[12]
Investors of the firm include sovereign wealth funds, funds of funds, university endowment funds, and family offices.[8]
Shunwei Capital's name comes from a Chinese idiom (順勢而為) that means "to leverage a trend to achieve greatness".[4]
Funds[edit]
Fund[13] | Vintage Year | Committed Capital ($m) |
---|---|---|
Shunwei China Internet Fund | 2011 | USD 200 |
Shunwei China Internet Fund II | 2014 | USD 315 |
Shunwei China Internet Opportunity Fund | 2014 | USD 210 |
Shunwei RMB Fund I | 2015 | RMB 1,000 |
Shunwei China Internet Fund III | 2015 | USD 500 |
Shunwei China Internet Opportunity Fund II | 2015 | USD 500 |
Shunwei China Internet Fund IV | 2018 | USD 600 |
Shunwei China Internet Opportunity Fund III | 2018 | USD 600 |
References[edit]
- ^ a b c d e f g h i j Flannery, Russell. "China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List". Forbes. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ a b c d e f g "Meet Lei Jun: the 'Steve Jobs of China' who founded Xiaomi". KrASIA. 21 August 2020. Archived from the original on 3 June 2021. Retrieved 29 May 2021.
- ^ a b c Gooptu, Biswarup. "Shunwei Capital, Xiaomi continue to bet big on Indian startups". The Economic Times. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ a b c d e "China experience more relevant to India, Indonesia than US: Shunwei's Tuck Lye Koh". DealStreetAsia. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ "China Internet Report" (PDF). July 2020. p. 10. Archived from the original (PDF) on 9 February 2023. Retrieved 25 June 2023.
Number of Investments in China (Jan 2019–May 2020)
- ^ He, Laura. "Chinese Billionaire Lei Jun's Long, Twisting Road At Kingsoft". Forbes. Archived from the original on 8 September 2017. Retrieved 29 May 2021.
- ^ a b "Lei Jun | Biography, Xiaomi, & Facts". Encyclopedia Britannica. Archived from the original on 1 November 2021. Retrieved 29 May 2021.
- ^ a b "Shunwei Capital receives US$1.21B in latest fundraising". www.spglobal.com. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ a b "Chinese and other tech giants bet on smart car revolution". Nikkei Asia. Archived from the original on 31 May 2021. Retrieved 29 May 2021.
- ^ Bloomberg News (19 November 2014). "Xiaomi Stake Said to Value IQiyi at Up to $3 Billion". Bloomberg. Archived from the original on 24 September 2022. Retrieved 29 May 2021.
- ^ "Koo Has A Chinese Investor Who Is Exiting, Says Founder Aprameya Radhakrishna". Moneycontrol. 10 February 2021. Archived from the original on 12 February 2021. Retrieved 29 May 2021.
- ^ "Zomato gets Rs 441 crore in funding round led by Delivery Hero". The Economic Times. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ "Shunwei Capital Partners | Palico". www.palico.com. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
External links[edit]
- www.shunwei.com (Company Website)