Fei Ruan

Fei Ruan is a veteran China-crossborder investor who recently launched Captain Vanguard Capital (锋领资本), a solo-GP, dual-currency VC firm focused on globalization . He previously served as Investment Director at Sinovation Ventures and Head of Overseas Business at Rìchū Capital . Over roughly a decade, he has concentrated almost exclusively on Chinese companies expanding abroad, deploying about RMB 400 million across markets including India, Southeast Asia, the Middle East, and the U.S., with exits exceeding RMB 500 million . His portfolio includes companies such as Zhongli Shares, Uniuni, Dreo, Aiper, and Velotric . In a 2025 interview, he described his investment focus as "the connection between AI and the physical world, plus globalization" .