Chang Chen
张震
Chang Chen (张震) is a founding partner of Gaorong Ventures (高榕资本), a Chinese venture capital firm . He was honored as Cyzone's 2018 China Investor of the Year and ranked 8th on Forbes' 2021 Midas List of top global venture capitalists . Under his leadership, Gaorong Ventures led early rounds in Pinduoduo and invested in companies including MOGU, Seeyon, Danke Apartment, and Gaotu Techedu . In a 2020 interview with Beijing News, he expressed bullish views on China's consumer market and demand-driven supply-side evolution post-pandemic . He has also spoken on "patient capital" at the Zhongguancun Forum, reflecting Gaorong's positioning as a long-term partner for startups .
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Coverage
Dancing with Love, Zhang Huaiting: Staying a Calm "Value Builder" Amid the AI Hype
Make decisions toward your goals, not away from your difficulties.
真格基金·A Conversation with Thailand's First Unicorn Founder: From Orphan to $3 Billion CEO --- When Kavin Bhumikittikul was six years old, he watched his mother walk out the door and never come back. His father, a gambling addict, had accumulated crushing debts. The family shattered. Kavin and his siblings were sent to separate orphanages across Bangkok. Forty years later, he is the founder and CEO of Agoda, the online travel platform valued at roughly $3 billion — Thailand's first unicorn, and one of Southeast Asia's most consequential tech companies. I met Kavin at Agoda's Bangkok headquarters, a sleek glass tower overlooking the Chao Phraya River. He arrived without an entourage, wearing a company polo shirt and carrying his own laptop bag. The contrast between his current stature and his origins is almost too stark to process. Yet he speaks about both with the same even, analytical tone — as if describing data points in a business case rather than his own life. --- **"I learned to sell before I learned to read properly"** Kavin's earliest memory of commerce is selling candy to other children at his orphanage, age seven. He would buy bulk packs with his meager allowance
The fiercer the storm, the more powerful the lightning.
暗涌Waves·Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
暗涌Waves·Accelerated R&D and Commercialization of Frontier Products: Medical Devices, Digital Services, and New Brands Go Global | Rongbao
As the year draws to a close and a new one begins, the pace never lets up.
高榕创投·The Investor Who Made the Most Money Off Pinduoduo
"Though millions may oppose me, I will go."
暗涌Waves·Chip/Consumer Electronics/Gene Editing Firms Raise New Funding; Quantum Computers, Micro-Display Chips Achieve Global Leadership | Rongbao · April
Targeting international advanced standards.
高榕创投·BOSS Zhipin Completes Dual Primary Listing, Baijiayun Debuts on Nasdaq, Gaorong Ventures Earns Multiple Accolades | Gaorong Monthly · December
Racing Into 2023
高榕创投·Consumer/Medical Companies Launch New Products, Advanced Tech Market Share and Capacity Advance Further | Rongbao · November
Explore industry demand, and build solid R&D capabilities.
高榕创投·Multiple Innovative Companies Gain Global Recognition, Breakthroughs Achieved in Computational Biology, LiDAR, and Other Fields | Rongbao · July
Major events in July.
高榕创投·Robots, AI, and Simulation Technologies Accelerate Industrial Adoption | Rongbao · June
Technology drives industrial transformation.
高榕创投·Gaorong Monthly · December | Gaorong Ventures and Its Frontier Tech / Consumer / Healthcare / Enterprise Service Portfolio Companies Win Multiple Annual Awards
Its technological and innovative capabilities have won recognition.
高榕创投·Congratulations to UJU Interactive on its Successful Listing on the Hong Kong Stock Exchange | Gaorong Ventures News
A leading player in online short-video marketing solutions.
高榕创投·Gaorong Monthly · October | Gaorong Ventures Named Among Zero2IPO's Top 10 VC Firms of the Year; Nuro Closes Major Series D Round
Autonomous driving, healthcare, and chip sectors see new funding rounds; Genki Forest unveils "Triple Zero Factory" strategy; Dingdong Maicai stabilizes prices and ensures supply.
高榕创投·Gaorong Bulletin · September | Gaorong Ventures Ranks Top 3 in 2021 VC Fund Returns, Milestones for Cross-Border Services, New Drug R&D, and New Brands
Consumer investment is returning to natural consumer demand, and medical technology innovation is emerging.
高榕创投·Advance Intelligence Group Closes Over $400 Million Series D Round, AI Technology Reshapes Finance and Retail Sectors
The business covers South Asia, Southeast Asia, Greater China, and Latin America, among other regions.
高榕创投·MingMed Completes Nearly $50 Million Series A+ Round to Accelerate Clinical Trials for Key Pipeline Candidates
Accelerating the development of globally leading first-in-class drugs.
高榕创投·Rongbao · August | Medical Firms Accelerate Clinical Trials; New Funding for Chip, Consumer, and Overseas Expansion Companies
Make innovative technology accessible to more people.
高榕创投·Rongbao · June | BOSS Zhipin and Dingdong Maicai successfully go public; medical, industrial upgrade, and chip companies close new funding rounds
Xingji, Dongjing Yiwan, Qitan Technology, and other companies have completed new funding rounds.
高榕创投·Rongbao · May | Pinduoduo Enters the Era of 800 Million Users, Waterdrop Inc. Debuts on the NYSE
Meeting the needs of China's vast user base for a better life.
高榕创投·Warm Congratulations to Waterdrop Inc. on Its Successful IPO, Becoming the NYSE's First "InsurTech Stock" | Gaorong Ventures News
Gaorong Ventures co-led Waterdrop's angel round and participated in every subsequent funding round.
高榕创投·Rongbao · April | Solid-state LiDAR leader Innoviz goes public; Genki Forest and Dingdong Maicai close new funding rounds
Major Events in April
高榕创投·Gaorong Bulletin · December | Multiple Gaorong Ventures Portfolio Companies Secure New Funding in Chips, Robotics, AI Drug Discovery, New Brands, and Other Sectors
Stepping into 2021.
高榕创投·Congratulations to Ucommune on its Successful NASDAQ Listing | Gaorong Ventures News
Became the "first listed co-working stock."
高榕创投·Gaorong Bulletin · October | Gaorong Ventures Closes Fundraising of Over 10 Billion RMB
Pinduoduo received the National Poverty Alleviation Award, Nuro's driverless vehicles tested fully autonomous driving on city streets...
高榕创投·Gaorong Ventures Completes Fundraise Exceeding 10 Billion RMB, Partnering with Founders to Create Long-Term Value
Continue to focus on investments in new consumer, new technology, enterprise services, healthcare technology, and other sectors.
高榕创投·Gaorong Monthly · August | Waterdrop Completes $230 Million Series D Funding; Gaorong Ventures Named Among 36Kr's "Top 5 Most GP-Trusted VC Firms by LPs"
Shuidi, Kaikeba, and other companies closed major funding rounds, while Gaorong Ventures received multiple industry honors.
高榕创投·Kaikela Secures $550 Million Independent Financing, Leading the New Vocational Education Track --- Kaikela has raised 550 million yuan in independent financing, positioning itself at the forefront of the new vocational education sector.
Dedicated to cultivating digital talent for the new infrastructure era, leading the charge in modern vocational education.
高榕创投·Gaorong Report · July | Gaorong Ventures Ranked Top 5 VC Funds by Returns at 2020 China Fund of Funds Summit, Decoding Consumer Investment Logic Under the "Dual Circulation" Development Paradigm
Investment in consumer, technology and innovation, and healthcare sectors continues to gain recognition.
高榕创投·AIPARK, a leading smart parking company, has completed its Series C financing round led by Gaorong Ventures.
Using AI technology to usher in the era of Smart Parking 5.0.
高榕创投·Rongbao · May | Large-Memory Computing, Autonomous Driving and Other New Technologies Accelerate Adoption; Integration of Goods and Services Emerges as New Consumption Trend
Underlying technological innovation and new demographics are driving infinite possibilities.
高榕创投·Gaorong Bulletin · April | Gaorong Ventures Actively Responds to "Zhongguancun Venture Capital Anti-Epidemic Investment Initiative," Joins First Batch of China Equity Investment Fund Managers' Creditworthy Red List
"We are firmly bullish on China, and we believe that steadfastly investing in technology and innovation-driven industries represents the greatest opportunity looking ahead."
高榕创投·Rongbao · March | Pinduoduo GMV Reaches New "Trillion" Milestone, YITU Sets New World Record in Person Re-identification Algorithm
New consumption and new technology companies are innovating supply models and strengthening technological support to contribute to the country's new infrastructure development.
高榕创投·Beijing News Interview with Chang Chen: Bullish on China's Consumer Market, Demand Recovery Will Drive Supply-Side Evolution
Long-term bullish on the massive investment opportunities in China's new consumer market.
高榕创投·Gaorong Ventures Rides the Spring Breeze Again: "Tsinghua University Spring Breeze Fund" Receives $1 Million Donation from Alumni Enterprise to Support Research and Pandemic Response | Gaorong News
Let science and technology innovation be the most powerful weapon in defeating the pandemic.
高榕创投·Gaorong News · December | Gaorong Ventures Named Among "China's Top 3 Best VC Funds of 2019," Ronghui "Youth Innovation Camp" Concludes
The future is bright.
高榕创投·Gaorong Monthly · November | Gaorong Ventures Wins "2019 China VC Firm of the Year" and Other Awards, 24 Portfolio Companies Named to 36Kr's "King of New Economy" List
Embrace the power of technology and innovation to create a better life together.
高榕创投·African Mobile Payments and Mobility Service Provider OPay Closes $120 Million Series B Round | Gaorong Ventures News
OPay is one of Africa's fastest-scaling companies, having grown into Nigeria's leading mobile payments and ride-hailing service provider.
高榕创投·Rongbao · October | Seeyon Networks Lists on STAR Market, Chang Chen Speaks at Zhongguancun Forum on "Patient Capital"
To date, companies invested in or backed by Gaorong Ventures have completed 10 successful IPOs.
高榕创投·Congratulations to Seeyon on its Successful STAR Market IPO! | Gaorong Ventures News
Opening a new chapter in the collaborative management software industry.
高榕创投·Rongbao · September | YITU and Zhuiyi Clinch World Championship Titles, "Ronghui" Steps into QQ Mini Programs...
Wishing everyone a happy National Day!
高榕创投·ADVANCE.AI Completes Series C Funding Round, Continues Deepening Focus on AI Enterprise Services Market
Using intelligence to drive industrial and social progress
高榕创投·Gaorong Ventures Honored with 36Kr's "Top 10 Most Founder-Friendly VC Firms in China 2019" and Other Awards
Gaorong Ventures remains committed to identifying exceptional founders and building long-term value alongside them.
高榕创投·Rongbao · July | Beibei Group Launches New Business Beicang, "Ronghui" Discusses Public Affairs Strategy...
Creating better life through innovation.
高榕创投·Rongbao · June | Gaotu Techedu successfully lists on the NYSE, Nuro partners with Domino's on autonomous pizza delivery...
Monthly curation of 10 news items that matter for innovation.
高榕创投·Waterdrop Inc. Completes Series C Funding of Over 1 Billion RMB
"Proactive protection + post-event relief" — working together to safeguard hundreds of millions of families.
高榕创投·Warm congratulations to Gaotu Techedu on its successful NYSE listing
Technology makes education better.
高榕创投·Through the Darkest Hour to Today's IPO: Gaotu Techedu and Larry Chen's Five-Year Journey | Rongji
Only by finding a healthy business model and returning to the fundamentals of the industry can one witness the magic of the "snowball effect."
高榕创投·Gaorong Ventures received honors including 36Kr's "Top 10 Most LP-Friendly VC Firms in China" and ChinaVenture's "Top 10 Best VC Firms in China 2018."
Thank you to all parties across the industry for your continued trust and support.
高榕创投·Gaorong Ventures' Chang Chen: Consumer Markets in Third-, Fourth-, and Fifth-Tier Cities Are Full of Opportunity
Third- and fourth-tier cities account for over 63% of total social retail consumption, far surpassing the combined share of first- and second-tier cities.
高榕创投·Shuidi Mutual Aid Completes Nearly RMB 500 Million Series B Round, Gaorong Ventures Continues to Increase Stake
Safeguarding Hundreds of Millions of Families
高榕创投·A Conversation with the "Three Musketeers" of Gaorong Ventures: Embracing Technology to Create a Better Life
From 0 to 1, and on to 1 to 10
高榕创投·Danke Apartment Raises Approximately $500 Million in Series C Funding, Long-Term Rental Sector Enters Era of Refined Operations | Gaorong Ventures News
Make renting truly simple and joyful
高榕创投·Gaorong Ventures 2018: New Consumer and New Tech for Long-Term Value
Building shared, long-term value.
高榕创投·Gaorong Ventures was named to Forbes China's "2018 Best Venture Capital Firms TOP 10."
Chang Chen, Gao Xiang, and Yue Bin were named to Forbes China's "2018 Best Venture Capitalists" list.
高榕创投·The Gaorong Ventures Way: Know What to Do, Know What Not to Do
A matter of resolve.
高榕创投·Gaorong Ventures was named among the top three best venture capital funds at the 2018 Golden Bridge Awards and ranked in the top ten Chinese VC firms in Zero2IPO's 2018 rankings.
Create long-term value for society
高榕创投·Congratulations to MOGU on its successful NYSE listing.
Make fashion within reach.
高榕创投·Gaorong Ventures Closes $500 Million New Fund, Positioning Itself as a Long-Term Partner in Building Startup Value
Institutional LPs provide the capital foundation; entrepreneur LPs drive ecosystem value-add.
高榕创投·Chang Chen of Gaorong Ventures Honored as "Cyzone 2018 China Investor of the Year"
Be a value co-builder for startups.
高榕创投·
