Forbes Midas List 2015: A Good Year For China Venture
Four new venture capitalists arrived on the Forbes Midas List of 100 top tech investors following a stellar year for China-based companies, which saw smartphone maker Xiaomi crowned as the world’s highest-valued private tech company and Alibaba as the largest-ever IPO.
Sequoia Capital’s China team added one more VC to the firm’s already stacked Midas roster. Coming in strong at #22, Steven Ji made it big with three companies: Jumei (IPO 2014), Maple Leaf (IPO 2014), and the still-private Dianping.com, the Chinese counterpart to Yelp.
Other Midas newcomers with Chinese venture successes include Xiaojun Li (#47) with IDG Capital Partners and Scott Shleifer (#48) with Tiger Global Management. After its start in 1992 and the launch of a successful joint venture with Accel Partners in 2005, IDG Capital Partners began operating under its own name once again in 2014. As part of the newly independent IDG Capital, Li held strong with his investments in Xiaomi, Beibei.com (the billion-dollar maternal and infant supplies e-commerce platform), and Mogujie (China’s answer to Pinterest).
Meanwhile, the silent striker Tiger Global Management and its partner, Scott Shleifer, scored with two public Chinese e-commerce giants – JD.com and Alibaba – in addition to Shleifer’s investment in Yandex NV (IPO 2011), the owner of Russia’s most popular Internet search engine.
Read more at Forbes Midas List 2015
Read Silicon Dragon’s post at Forbes: Xiaomi and Alibaba tip the list to China