Anna Fang
方爱之
Anna Fang (方爱之) is the founding partner and CEO of ZhenFund (真格基金), a Chinese early-stage venture capital firm . She has been recognized on Forbes' Midas List of top global venture capitalists every year since 2019, with her 2025 ranking noting her early bets on companies like Xiaohongshu (Little Red Book) and making her one of only ten women on that year's list ; she also ranked sixth on the 2025 Midas Seed List, the only Chinese investor on that ranking . In 2026, she again made the Midas List and was named among Forbes China's top women venture capitalists . Beyond deal-making, she has appeared in ZhenFund's own content interviewing founders and recommending investment reads—Mike Maples' *Pattern Breakers* was her 2024 book pick .
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Coverage
Summer Glimpses | Z News
Let's take a look back at the highlights from May, and invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
真格基金·ZhenFund Celebrates Another Angel-Stage IPO in Three Weeks as "UISEE" — the First Full-Scenario L4 Autonomous Driving Stock — Lists on Hong Kong Stock Exchange
Accelerate the large-scale adoption and application of AI drivers.
真格基金·ZhenFund Backs Global AI Silicon Photonics Chip Leader in Seed Round, *Lightelligence* Rings the Bell at Hong Kong Stock Exchange
Using light-based technology to infuse new power into the AI era.
真格基金·Spring Sets the Stage | Z News
Let's look back at the highlights from the past three months — and we invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
真格基金·How MIT Engineers Built the Tool That 80% of YC Founders Use
Even if the market is tiny, as long as you're No. 1, you can establish mindshare and set the standard.
真格基金·A New Beginning | Z News
We’re looking back on the highlights from the past month of January, and we invite you to join us in witnessing the growth of our portfolio companies and what’s new at ZhenFund.
真格基金·The Stars Are Still Young | Z News
ZhenFund wishes you a Happy New Year.
真格基金·ZhenFund Partner Yuan Liu: One Week with Manus, Ten Years with Red
A mental landscape few investors would ever admit to out loud.
真格基金·The Most Moving AI Investment Story of 2025
A Week with Manus, a Decade with Xiao Hong.
elsewhere别处发生·Duolingo Talks to Early-Stage Founders: How to Build a Fun Product in the AI Era?
Because it's weird, because it's fun, because it's one of a kind.
真格基金·Beyond the Set Trajectory | Z News
We look back at the "highlight moments" of the past month and invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
真格基金·Venture Where No One Has Gone Before | Z News
July is drawing to a close, and we invite you to join us in witnessing the growth of our portfolio companies and what's new at ZhenFund.
真格基金·Beyond the Cliff, Grass Yet Untrodden | Z News
We stand ready to receive, in the depths of our being, those miracles that arrive unforeseen.
真格基金·Greener Pastures, First Flickers of Ambition | Z News
The light and shadow grow richer; a story is brewing.
真格基金·Wanwu Capital Looks Ahead, Keeps Moving | Z News
Spring brings new beginnings; the future holds infinite promise.
真格基金·A New Year Dawns, Auspicious Energy Fills the Door｜Z News
Welcoming the Year of the Snake, embarking on a new journey.
真格基金·ZhenFund's Lunar New Year Reading List: A Good Story
Walking alongside words, seeing a wider world.
真格基金·Floodgate founding partner Mike Maples' year-opening podcast: How to invest in the next 100x startup
Every great startup exists to build a future that is destined to arrive.
真格基金·Old Wang and His Big Fish
A Decade of Evolution for Flying Cameras
真格基金·2024, When Everyone Stands at a Crossroads: 96 Investors' Decisions
Deciding is easy. Waiting is hard.
暗涌Waves·The year draws to a close; a new chapter begins | Z News
A warm winter for good things.
真格基金·First Snow, Clear Skies After Frost — Good News as Autumn Departs | Z News
The early winter breeze is crisp and clear.
真格基金·Horizon Robotics Goes Public: We Can Finally Talk About Kai Yu's Story | Z Talk
How can a risk-averse entrepreneur pull off something incredibly risky?
真格基金·Who Is Horizon Robotics' Most Important Investor?
Got it?
暗涌Waves·Autumn Dreams, Good Fortune on the Breeze | Z News
A hint of coolness in September.
真格基金·Black Myth's First Investor Daniel: After Investing 60 Million for 20%, He Doubled Down With Another 100 Million
ZhenFund's investment philosophy and the Black Myth story.
真格基金·"You're only 36. You can be anyone you want to be."
Never stop moving forward.
暗涌Waves·When ZhenFund's youngest partner faced life's greatest joy and sharpest pain all at once
"Life is a wilderness."
暗涌Waves·
