Founding Partner Ma Chengyu Makes Forbes China's Best Venture Capitalists List for Six Consecutive Years | Yunqi Capital Update
Value investing, six-time champion in a row
➤➤➤ On December 29, Forbes released its 2022 China Best Venture Capitalists list, with Yunqi Capital founding partner Chengyu Mao making the cut for the sixth consecutive year.
2022 China Best Venture Capitalists
Chengyu Mao
Founding Partner
In 2022, Forbes China conducted its 16th annual independent survey of venture capitalists active in mainland China, evaluating nominees from over 200 VC firms to select 100 investors with strong track records over the past five years. Mr. Mao brings more than two decades of VC experience, having witnessed firsthand the entire arc of China's mobile and industrial internet sectors from zero to the world's second-largest market. In 2014, he co-founded Yunqi Capital with Yubin Huang, building it into a leading research-driven early-stage fund focused on "technology + industry" — repeatedly ranked among the top 10 early-stage firms in China. He has long concentrated on early and growth-stage opportunities in frontier technology, industrial digitization, and enterprise services, backing over a hundred outstanding Chinese startups. He led or played key roles in early investments in listed companies including Trip.com, Home Inns, Amlogic, VeriSilicon, Tudou, 9158.com, Intco Medical, Intco Recycling, and 360 DigiTech, as well as industry leaders such as Kujiale, XTransfer, Baibu, ESG Logistics, and IceKredit.
He believes that over the next decade, pure arbitrage plays will face diminishing odds of success, while technology companies that create genuine value for their industries will only grow more numerous. Mr. Mao was also recently named to multiple honors: Zero2IPO "2022 Top 5 Early-Stage Investors in China", ChinaVenture "2022 Top 3 Angel Investors in China", 36Kr "Investor in China's Digital Intelligence Sector", and Jazzyear "2022 Best Early-Stage Tech Hunter", among others. Going forward, we will continue building momentum and capacity, staying committed to early-stage tech investing and long-term, hands-on partnership to advance the industry.
