Gaorong Ventures was named among the "Top 10 VC Firms of 2018 (Growth Stage)" by the China Venture Capital and Private Equity Association, among other honors.
Measuring the Value of Watchfulness by the Yardstick of Time
On December 1–2, the 2018 China Annual Venture Capital Figures Conference and VC 20th Anniversary Celebration, hosted by the Equity Investment and Venture Capital Professional Committee of the China Investment Association, was held in Suzhou.
Marking two decades of China's venture capital industry, hundreds of government officials from the National Development and Reform Commission and the Ministry of Finance, think tank scholars from the State Council's Development Research Center, investors, and entrepreneurs gathered for over 30 keynote speeches and panel discussions centered on "Returning to VC's Roots" and "New Opportunities for Industry Development." They measured the value of perseverance against a twenty-year yardstick and looked ahead to the future of the venture capital industry.
Gaorong Ventures was invited to attend the conference and received two honors from the China Venture Capital Committee: "Top 10 VC Firms of 2018 (Growth Stage)" and "Top 100 VC Firms of China's VC 20 Years."
Gao Xiang, founding partner of Gaorong Ventures, was invited to participate in the panel discussion "New Landscape: Opportunities and Challenges for the VC Industry" held on the afternoon of December 1, where he shared his thoughts on the environment for innovation and entrepreneurship. Gao noted that there has been much pessimism in the venture capital space lately. Yet, from the perspective of crisis, danger and opportunity are two sides of the same coin — where there is peril, there is potential. When most people believe there are no opportunities, that is often precisely when opportunities begin to sprout. When growth slows, it is exactly the moment for startups to leverage innovative technologies and models to improve efficiency.
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- Gaorong Ventures manages USD and RMB funds totaling over RMB 11 billion, focusing on early-stage and growth-stage investments in the TMT sector.
- Its limited partners include top-tier global institutional investors as well as corporate giants from China's financial, retail, and advertising industries.
- Additionally, dozens of successful entrepreneurs — founders of Tencent, Baidu, Taobao, Xiaomi, 360, 002027, Sohu, JD.com, Vipshop, Tudou, Ourpalm, Meituan, Dianping, Autohome, Ganji.com, and others — are also LPs in Gaorong Ventures.
- The founding partners previously led investments in numerous outstanding companies, including Xiaomi, Razer, Baofeng Technology, G-bits, Tudou, Wondershare, ArcherMind, 91 Assistant, 3G.cn, MOGU, Dota Legend, Yuanfudao, and others.
- Since its founding, many companies Gaorong Ventures has invested in or taken stakes in have grown into national or global leaders in their respective industries, including: Pinduoduo (NASDAQ: PDD), HUYA Inc. (NYSE: HUYA), HMI (NYSE: HMI), Lifesense (SZSE: 300562), Meituan (HKEX: 03690), Ping An Good Doctor (HKEX: 01833), Zhongrong Jin (acquired by Homa Appliances), DeePhi Tech (acquired by Xilinx), Qian Dai Bao (acquired by Meituan), Fanpu Jinke, Beibei, Leqi E-commerce, DotC, Nuro, YITU, Roborock, Tianrang Intelligence, Zhuiyi Technology, Tigerobo, Oasis Labs, Beitai Haoche, QuantGroup, Shuidi Mutual Aid, Testin, Doumi, BIGO LIVE, Danke Apartment, Qian Dama, Rela Shenghuo, Ucommune, and others.
- Gaorong Ventures maintains investment teams in Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou.
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