Fan Bao
包凡
Fan Bao is the founder and longtime leader of China Renaissance (华兴资本), the investment bank that grew from an FA (financial advisory) shop into what 暗涌Waves called one of the most consequential players of China's mobile-internet boom era — "in China's capital markets, everyone knows Fan Bao" . He became a subject of intense coverage in 2023 when he went missing that February — his last WeChat Moments post, dated January 9, 2023, congratulated portfolio company Fenbi on its Hong Kong IPO — leaving the listed firm he founded under sustained pressure as a company whose founder had lost his freedom . Beyond this, elsewhere's corpus is thin on biographical detail such as his early career or education.
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Coverage
Who's the World's Top FA? Not Fan Bao
"Not Fan Bao" April 27, 2026 Qiu Mu *Burying AI* If you clicked on this headline, you probably already know the answer. Allow me to formally introduce — the unicorn factory that hit a $1.3 billion valuation before its product even officially launched, the King Maker holding several "AI Douyins" and world-model projects, the benefactor of Lovart's Melvin Chen on his road to success, the Farsighted Capital that uses Wu Ma as its own Dou+. As the most accomplished player in the current meta of China's venture capital market...
AI Unicorn Factory
Script, catfish, loop, rainmaker, role model, results.
Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
180 Days Since Fan Bao Went Missing: One Man and the Fate of an Industry
China Renaissance's growth story is also a history of how China's new economy collided with the world.
Fan Bao's disappearance is a situation no one wanted to see.
"The Long March has only just begun."
That night belonged to Saudi Arabia, not to the Chinese funds raising capital in the Middle East.
For most Chinese funds, the Middle East remains uncharted territory.
