Feng Li
丰叔
Feng Li (李丰, often called "丰叔") is the founding partner of FreeS Fund (峰瑞资本), the early-stage Chinese VC firm he established in 2015 with a focus on consumer, hard tech, and biomed . Before founding FreeS he was a partner and investment committee member at IDG Capital, and across his career he has backed companies including Yirendai, Liulishuo, 360 Finance, Bilibili, Three Squirrels, and Unity ; the Three Squirrels relationship dates to a late-2011 meeting with founder Larry Zhang in Ningguo, Anhui, where both agreed e-commerce would spawn new brands . More recently he has become a public voice on China's macro and tech outlook through "高能量," a podcast column he co-hosts with business writer Li Xiang . He holds a chemistry bachelor's from Peking University and a master's from the University of Rochester .
AI-generated — may contain errors, please verify.
Coverage
Panning for Gold in the Light: Where AI Goes Next, Through the Eyes of a Tech Investor
Stand in the light, and stand there with more founders.
Panning for Gold in the Light: Where AI Goes Next, Through the Eyes of a Tech Investor
Stand in the light, and stand there with more founders.
A Mega IPO Launches Tonight, But China's Commercial Space Sector Doesn't Need to Copy SpaceX
Is Commercial Space Really a Good Business?
A Mega IPO Debuts Tonight, But China's Commercial Space Sector Needn't Copy SpaceX
Is Commercial Space Really a Good Business?
When instruments and AI rush toward each other, how do we define performance for the next era?
AI creates the possibilities; hardware connects them to reality — taking ordinary people from "listening to music" to "playing with music."
2026 Outlook: Finding the Wealth Code at the Inflection Point | Macro Musings
The "Macro Musings" column is now live.
We're at "ten" — welcome to join Frees, and let's go further together
Frees and You, More Than a Decade
A Century of IP Industry Evolution in the US and Japan: What It Means for China's IP Economy | FreeS Fund Report | FreeS Fund Report
How Can China's IP Industry Break the "Critically Acclaimed but Commercially Unsuccessful" Curse?
A Deep Dive into 7 Core Questions About DeepSeek | FreeS Fund Report
In an era of rapid AI advancement, the DeepSeek story is only just beginning.
Here are 13 industry research reports and a podcast episode to get you off to a strong start.
Let's explore the cutting edge and discover new knowledge.
From "How Did the World Get Here" to "Where Are We Going" | FreeS Fund 2024 Annual Investor Summit Recap
AI and the World
Biomanufacturing: Who Can Move Faster on the New Research Paradigm?
A Conversation with Professor Liu Tiangang on Future Industries: Biomanufacturing
A Conversation with Liu Yang of Jiuzhou Yunjian: SpaceX, the US-Soviet Space Race, and China's Commercial Space Catch-Up
Reusable Rocket Technology, Chang'e-6, and Space Travel
Here are 17 industry research reports and a podcast episode to get you started — happy first day back at work.
How do we embrace the changes that lie ahead?
FreeS Fund's 8th Anniversary — Welcome Aboard, Let's Go Further Together
Discover more possibilities together.
Trends 2023 | FreeS Fund China-US Venture Summit Opens Registration
Three livestreams and five offline salons — come join us!
A Conversation About 2022 and 2023
How do we move beyond uncertainty toward a higher-quality future?
FreeS Fund's Seventh Anniversary: Working Together to Go Further
Welcome to the team.
How Should Brands Go Overseas on TikTok and With Independent Sites? | FreeS Fund Going Global Series
Do China's hard-won lessons from domestic competition still carry weight abroad?
FreeS Report 22: Can New Materials Save the Footwear and Apparel Industry? | FreeS Research Institute
Are New Materials Really Just a Gimmick?
Are Returnee Entrepreneurs Losing Their Edge? | 2021 FreeS Fund China-US Venture Forum Transcript
Launch a Startup or Take the "Soft Landing" Through Employment?
What Happened to China's First Wave of '90s Founders? | FreeS Fund 2020 CEO Annual Meeting
"When you're young and truly believe in something, you'll give it everything you've got."
Harvard x MIT x Stanford x CMU x Berkeley, Meeting Gen Z | FreeS Fund North America Campus Recruitment
Welcome aboard. Join the innovators and build something new.




















