ZhenFund
ZhenFund is a China-based venture capital firm focused on seed and early-stage investments. It was established in 2011 by New Oriental co-founders Bob Xu and Victor Wang. In 2016, Reuters has described ZhenFund as China's largest angel investment fund.
Background
In 2011, Bob Xu and Victor Wang established ZhenFund as a firm in collaboration with Sequoia Capital China. Xu and Wang previously co-founded New Oriental, one of the largest education conglomerates in China. Zhenfund was originally a personal investment vehicle for the duo that was set up in 2007. The duo brought in Anna Fang as a founding partner shortly after the firm was launched.The firm invests in various industry fields such as the internet, technology, artificial intelligence, corporate services, healthcare and education.