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
On December 8, the 2018 China Private Equity Summit and China Venture Capital Industry Annual Conference was successfully held in Beijing. The summit was hosted by the Venture Capital Committee of the China Association for the Promotion of Science and Technology Finance, co-hosted by the Equity and Venture Capital Investment Committee of the China Investment Association, and organized by the China Fund of Funds Alliance.
The organizing committee released the Golden Bridge Awards list, compiled from ratings by member institutions of the China Fund of Funds Alliance. Gaorong Ventures was named among the Top 3 Best Venture Capital Funds in China for 2018. Chang Chen, founding partner of Gaorong Ventures, ranked Top 6 among founding partners most favored by fund of funds in 2018. Gaorong founding partners Sam Gao and Bin Yue were both named to the Top 100 founding partners most favored by fund of funds in 2018.
Chang Chen was invited to attend the summit and participated as a panelist in the session "The Art and Principles of Venture Capital," where he shared Gaorong's investment philosophy. Chang believes that venture capital, while helping generate economic returns, can also create social value by facilitating vertical mobility and rational allocation of wealth. Gaorong adheres to a long-term value investing approach, having resisted many short-term temptations in recent years — knowing what to pursue and what to avoid, and finding clarity through restraint.
The day before the China Private Equity Summit, another major event in the equity investment space — the 18th Annual China Equity Investment Forum — concluded successfully in Beijing. The organizer, Zero2IPO, announced its annual rankings at the forum. Gaorong Ventures was named among the Top 10 Venture Capital Institutions in China for 2018, and Chang Chen was recognized as one of the Top 10 Venture Capitalists in China for 2018.
Recommended Reading
Gaorong Ventures' Chang Chen Honored as Cyzone's "2018 China Investor of the Year"
- Gaorong Ventures manages approximately RMB 15 billion across its USD and RMB funds, focusing on early and growth-stage investments in the TMT sector.
- Its limited partners include top-tier global institutional investors as well as major Chinese companies in finance, retail, advertising, and other industries.
- Additionally, dozens of successful entrepreneurs — founders of companies including Tencent, Baidu, Taobao, Xiaomi, Meituan, Dianping, 360, 002027, Weibo, Sohu, JD.com, Vipshop, Tudou, Autohome, and Ganji.com — are also LPs in Gaorong's funds.
- The founding partners have 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 of Gaorong's portfolio companies have grown into national and global leaders in their respective industries, including: Pinduoduo (NASDAQ: PDD), HUYA Inc. (NYSE: HUYA), HMI (NYSE: HMI), MOGU (NYSE: MOGU), Lifesense (SZSE: 300562), Meituan (Hong Kong Stock Exchange: 03690), Ping An Good Doctor (Hong Kong Stock Exchange: 01833), Zhongrongjin (acquired by Homa Appliances), DeePhi Tech (acquired by Xilinx), Qian Daibao (acquired by Meituan), Fanpu Jinke, Beibei, Leqi E-commerce, DotC, Nuro, YITU, Roborock, Tianrang Intelligence, Zhuiyi Technology, Tigerobo, Oasis Labs, Beitai Haoche, Quantgroup, Shuidihuzhu, Testin, Doumi, BIGO LIVE, Danke Apartments, Qian Dama, Perfect Diary, and Ucommune.
- Gaorong Ventures maintains investment teams in Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou.
