Shunwei Capital
China-based venture capital firm
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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]
 | |
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] | |
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]