Shunwei Capital
 | |
Native name | 顺为资本 |
|---|---|
| Company type | Private |
| Industry | Venture Capital |
| Founded | 2011 |
| Founders | Lei Jun Tuck Lye Koh |
| Headquarters | Beijing, China |
| Products | Investments |
| AUM | US$3 billion (2023) |
| Website | www |
| Footnotes / references [1][2][3] | |
Shunwei Capital (Chinese: 顺为资本; pinyin: Shùnwèi zīběn) is a Beijing-based venture capital firm founded in 2011.[1][3] It was founded by Lei Jun (the founder and CEO of Xiaomi) and Tuck Lye Koh.[1][3] The firm focuses on investing in the technology sector in China as well as other countries such as India and Indonesia.[4][5] According to South China Morning Post, from January 2019 to May 2020, it was the ninth most active venture capital firm in China.[6]
Background
Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh.[1][2] Lei was previously the CEO of Kingsoft until 2007, as well as founder of Xiaomi in 2010.[1][3][2] Meanwhile, Koh was a Singaporean who worked in China for GIC and C.V. Starr Investment Advisors focusing on technology investments.[1] From August 2006 to May 2008, Tuck Lye Koh served as a director of Kingsoft and Vice President of GIC Special Investments (Beijing) Company Ltd., responsible for private investments in Greater China.[7]
The firm provides growth capital to internet and technology companies mainly in China but also in other countries such as India and Indonesia.[8][5] Investments have been made by the firm in telecommunications, digital media, video games, Rural Internet, and financial technology sectors.[9] Its notable investments include ByteDance, Kuaishou, Shein, Nio, IQIYI, Xpeng Motors, Kanzhun Limited, Webull and CloudWalk Technology.[2] Non-Chinese investments include Koo and Zomato.[4]
Due to tensions between China and India resulting from the 2020–2021 China–India skirmishes, Shunwei divested its positions and withdrew its plans for India. [4]
Investors of the firm include sovereign wealth funds, funds of funds, university endowment funds, and family offices.[9]
Shunwei Capital's name comes from a Chinese idiom (順勢而為) that means "to leverage a trend to achieve greatness".[5]
References
- ^ a b c d e f Flannery, Russell. "China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List". Forbes. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ a b c d Apostoaie, Ella (30 April 2023). "Who is Shunwei Capital?". The Wire China. Archived from the original on 1 March 2024. Retrieved 21 June 2024.
- ^ a b c d Wu, Julianna (21 August 2020). "BIZ IN GRAPHICS | Meet Lei Jun: the 'Steve Jobs of China' who founded Xiaomi". KrASIA. Archived from the original on 3 June 2021. Retrieved 29 May 2021.
- ^ a b c "Chinese investors lose out in Indian tech IPO boom". Rest of World. 7 September 2021. Archived from the original on 28 November 2022. Retrieved 21 June 2024.
- ^ a b c "China experience more relevant to India, Indonesia than US: Shunwei's Tuck Lye Koh". DealStreetAsia. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ "China Internet Report" (PDF). July 2020. p. 10. Archived from the original (PDF) on 9 February 2023. Retrieved 25 June 2023.
Number of Investments in China (Jan 2019–May 2020)
- ^ 黄春蕊. "捕捉投资风口，许达来与顺为资本的顺势之旅". 大公网. HongKong. Retrieved 12 December 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ Gooptu, Biswarup. "Shunwei Capital, Xiaomi continue to bet big on Indian startups". The Economic Times. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
- ^ a b "Shunwei Capital receives US$1.21B in latest fundraising". www.spglobal.com. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
