FOUNDING PARTNER & CEO
Anna Fang is the Founding Partner and CEO of ZhenFund, an early-stage venture capital firm in China. In her role as CEO, Anna oversees Zhenfund’s investments, portfolio management, and operations. Anna’s areas of investment expertise include consumer related companies such as RED (XiaoHongShu), Perfect Diary, Club Factory, Yitu, Mobvoi, Horizon Robotics, Mia and VIPKID.
Anna started her career as an investment banker at JPMorgan in the Consumer Healthcare Retail Group. She later joined GE China’s Corporate Business Development team helping to expand the company’s M&A and BD efforts in China before joining ZhenFund in 2011.
Anna joined Forbes’ Midas List of the World’s Top Tech Investors in 2019 at the age of 36. She is well recognized as a top early-stage tech investor in China, having consistently been selected as one of China’s Top 10 Early-stage Investors by Zero2IPO and one of China’s 40 under 40 venture capital investors. Anna joined the 2016 class of Young Global Leaders.
Anna received an undergraduate degree from Columbia University in Economics and a Master’s degree in Business Administration from Stanford’s Graduate School of Business. She is currently an advisory board member of Columbia College and Columbia’s Global Centers; she also leads the Beijing chapter of Stanford GSB.
CEO ASSISTANT & SENIOR OFFICE MANAGER
Dan Zhu is the CEO Assistant and Senior Office Manager of ZhenFund.
Prior to ZhenFund, Dan was the Senior Secretary of the Partner of Strategy& in Great China.
Dandan received her Bachelor’s degree from the University of International Business and Economics and obtained a Master’s degree from Middlesex University.
Fang Dong is the Board Secretary of ZhenFund, providing daily support to board directors and coordinating administrative activities. As one of the founding members of the firm, Fang has participated in and has witnessed the development and achievement of ZhenFund.
Fang graduated from Beijing Normal University in 2007.
Fangzhou Yao is an Associate of ZhenFund who has led investments in Chu Xin, Airtouching, Miaojia, etc.
Fangzhou received his Bachelor's degree with a double major in Law and Economics from Peking University.
Gaopeng Chen is a Vice President of ZhenFund, and specializes in the healthcare sector.
Before joining ZhenFund, Gaopeng was an investment professional at Langsheng Investment. Prior to that, he served in Eli Lilly and Company in China, and participated in multiple pharmaceutical developments.
Gaopeng received a Bachelor's degree from Sichuan University and obtained a Ph.D. from LKS Faculty of Medicine, the University of Hong Kong. He also conducted research at the Icahn School of Medicine at Mount Sinai.
Haoran Sun is an Associate of ZhenFund who has led investments in 12dong, Fanyimeng, Lehui Technology, Caibang, etc.
Haoran received his Bachelor’s degree from University of Toronto and his Master’s degree from Tsinghua University.
Junya Huang is an Associate of ZhenFund who has led investments in Yanketang and Yuanqi.
Prior to joining ZhenFund, Junya was a senior associate at Blue Elephant Capital. She received her Bachelor’s degree from University of International Business and Economics.
Le Yin is the Principal of ZhenFund. She has led investments in Aibee, Hesai, Chaitin Tech, Zaihui, SYNYI AI, AutoX, Flexiv Robotics, BlackLake, ImageDT, and Adaps Phototonics.
Le received her Bachelor's degree with a double major in Accounting and Economics from Illinois Wesleyan University and obtained a Master's degree in East Asian Studies from Stanford University.
Lulu Sun is an Associate of ZhenFund who has led investments in Fuliaoyi, Laoqin, Airburg, etc.
Prior to joining ZhenFund, Lulu was an Associate Consultant in BCG Beijing.
Lulu received her BSc in Applied Mathematics from Peking University. She once won the Shing-Tung Yau Mathematics Award.
Nina Cai is an Associate of ZhenFund who has led investments in Byte Flow and QIN’s entertainment.
Prior to joining ZhenFund, Nina was a business analyst at Tencent Platform&Content Group. Nina received her Bachelor’s degree in Economics from Renmin University of China.
ASSISTANT FINANCIAL CONTROLLER
Ning Cao is the Assistant Financial Controller of ZhenFund.
Before joining ZhenFund, Ning supervised the overall finance operation in the headquarter of JPMorgan Bank (China) Company. Before that, Ning worked at PwC as a Senior Auditor, participating in multiple annual audits/A&H Share IPO audits.
Ning received her Bachelor’s and Master’s degree from Tsinghua University. Ning is a member of the Chinese Institute of Certified Public Accountant (CICPA).
Victor Qiang Wang is the co-founder of ZhenFund and leads portfolio management for ZhenFund companies. Victor also leads and oversees the Ostrich Club, a collaboration between ZhenFund and Sequoia Capital China. Victor’s investments include 17zuoye, Jumei, Nice and Happy Juzi.
Prior to ZhenFund, Victor was a co-founder of New Oriental Education & Technology Group (NYSE: EDU), the largest provider of private education in China. Before starting New Oriental, Victor also worked as a Software Engineer in Bell Communications Research. In addition to being a respected entrepreneur, he is also a famous collector and lover of rare books. Victor is also a well-known humanities scholar, who has published two books of essays — Reading Reconstructs Me, and A Bookworm’s Summer in Oxford.
Victor is now a council member of the Centre for China & Globalization (CCG), a leading Chinese independent think tank based in Beijing. He is also the director of the 2005 Committee and a donor for the Future Science Prize.
In 2015, Victor Wang was honored with a foundation fellow from the Harris Manchester College of Oxford University. Victor received his graduate degree in computer Science from the State University of New York and his undergraduate degree from Peking University.
SENIOR LEGAL COUNSEL
Qiyu Zhang is a Senior Legal Counsel of ZhenFund.
Prior to ZhenFund, Jessica worked as legal counsel at Beijing Shanglun Law Firm.
Qiyu is a member of the PRC Bar. She received her LL.B. from China Youth University of Political Studies, and her LL.M. from Durham University.
COO & GENERAL COUNSEL
Rui Gong is the COO and General Counsel of ZhenFund.
Prior to ZhenFund, Rui took a leading part in establishing the legal team of Sequoia Capital China. Prior to Sequoia, Rui worked in Junhe Law Offices specializing in foreign investment, merger, acquisition, etc.
Rui is a member of the PRC Bar and received his LL.B. from Peking University, and his LL.M. from Columbia University.
VP & HEAD of SOUTHERN CHINA
Shanxing Guan is a Vice President of ZhenFund, having led the investments for Meipian, Baoji, Versa, Kaola Reading, UPhoton, amongst others.
Shanxing received his Bachelor's degree from the City University of Hong Kong.
Tianyi Qin is an Associate of ZhenFund who has led investments in YunGeHuo, Kargo, and Stoqo.
Prior to ZhenFund, Tianyi was a product manager at Tencent Mobile Internet Group.
Tianyi received his bachelor's degree in Digital Media Art from Fuzhou University.
Wei Kuang is a Vice President of ZhenFund, having led the investments in Tongcheng Shenghuo, Duobaoyu Insurance, etc.
Wei received her Master’s degree from Georgetown University.
SENIOR COMPLIANCE MANAGER
Weiqi Wang is a Senior Compliance Manager of ZhenFund.
Prior to ZhenFund, Weiqi worked as a supervisor at Wtoip Intellectual Property Group's branch office.
Weiqi received her Master's degree in Constitutional Law and Administrative Law from the Central University of Nationalities.
Longtime angel investor Bob Xiaoping Xu is the founding partner of ZhenFund. As a pioneer of angel investing in China, Bob Xu and ZhenFund team have made 8 investments that went public, with another 18 that have grown into billion-dollar businesses. The notable investments by Bob Xu and his team include Meicai, Jumei, LightintheBox, Jiayuan, Yidao, Zhaogang, URwork, VIPKID, 17zuoye, Yitu, Deep Glint, Ehang, Tiger Securities, Mobvoi, Perfect Diary, Furong Xingsheng, Hero Entertainment, Luogic Knowledge Group, Xiaoheng Dumplings, ShuidiHuzhu, Mia, Momenta and Nice.
Bob Xu serves as the chairman of China Club for Top Angel Investors, honorary chairman of China Youth Angel Association, and chairman of China Early-Stage Investment Association organized by AMAC (Asset Management Association of China). He has been awarded top angel investors of the year by various organizations including Zero2IPO Group, Financial Times China and Sina. Under his leadership, ZhenFund has been ranked No.1 in China's top early-stage firms of the year for 5 consecutive years by Zero2IPO Group-China VC/PE Annual Ranking, the industry’s standard ranking system in China. Forbes Magazine also selected him into Midas List, as one of the world's top 100 investors of the year for five consecutive years since 2016; he was ranked #24 in 2020.
Prior to founding ZhenFund, Bob Xu co-founded China's largest private English training and test preparation group, New Oriental Education & Technology Group (NYSE: EDU), along with Michael Yu and Victor Wang. Their startup story was featured in the Chinese movie "American Dreams in China," the top 10 box office hit in China for 2013.
Bob Xu received his Bachelor’s degree from the China Central Conservatory of Music and obtained a master's degree from the University of Saskatchewan, Canada. He received an honorary Ph.D. degree from the University of Saskatchewan in 2017.
SENIOR LEGAL COUNSEL
Xiaoyi Zhao is a Senior Legal Counsel of ZhenFund.
Before joining ZhenFund, Xiaoyi worked as a lawyer at Hogan Lovells International LLP and Jingtian & Gongcheng Law Firm.
Xiaoyi is a member of the PRC Bar and the New York State Bar. Xiaoyi received her LL.B. from China University of Political Science and Law, and her LL.M. from Peking University and New York University.
CHIEF FINANCE OFFICER
Xuecheng Cao is the Chief Finance Officer of ZhenFund.
Before joining ZhenFund, Xuecheng worked in PwC and KPMG for 10 years, providing tax and financial advisory services for domestic and overseas companies in various fields, including investment and financing, business operation, transaction mode, merging and acquisition, etc.
Xuecheng is a Certified Public Accountant and a Certified Tax Agent and received his Bachelor’s degree in Economics from Renmin University of China.
BOARD & PARTNER
Yazhe Zhang is a Board, Partner and the President of the Institute for Entrepreneurial Culture.
Prior to ZhenFund, Yazhe had long been in charge of public affairs, branding, media, and marketing of New Oriental Education & Technology Group, the largest provider of private education in China. He was also the Executive Dean of New-Oriental Research Academy.
Yazhe is now the Secretary-General of the 2005 Western Returned Scholars Association.
SENIOR FINANCIAL MANAGE
Yiner Pan is a Senior Financial Manager of ZhenFund.
Before joining ZhenFund, Yiner worked for KPMG China, mainly providing tax and financial advisory services for domestic and overseas companies in the financial industry.
Yiner received her Master's degree from Zhejiang University. She is a member of both the Chinese Institute of Certified Public Accountants (CICPA) and the China Certified Tax Agents Association.
IR VICE PRESIDENT
Yishan is the IR Vice President at ZhenFund, focusing on raising capital, developing and maintaining relations with investors. Prior to ZhenFund, Yishan was a Business Development Executive at Web Summit.
Yishan received her Bachelor’s degree in Economics from China Youth University for Political Sciences, and her Master’s degree in Economics from Trinity College Dublin.
Yuan Liu is a Managing Director at ZhenFund, having led investments in Momenta, CastBox, Yi23, Xinshixiang, TongSoon, and other companies.
Prior to ZhenFund, Yuan worked at Greenspring Associates and was responsible for fund investments and late-stage direct investments worldwide. Yuan also serves as a member of the Baltimore Chamber Orchestra Board of Trustees.
Yuan received his Bachelor's degree in Accounting and Business Administration from Washington and Lee University.
Yusen is a partner of ZhenFund. He led investments in Xiaodaka, SummerLab, Somo and more.
Before joining ZhenFund, Yusen dropped out of Stanford in 2009 and cofounded Jumei (NYSE: JMEI), the leading Chinese cosmetics e-commerce retailer and one of the largest Chinese e-commerce companies. Yusen oversaw Jumei's product design and development, operation management, online marketing, and management in several categories. Yusen was also one of the youngest cofounders to list their companies on NYSE.
Yusen attended Stanford University Management of Science & Engineering and received his Bachelor’s degree from Tsinghua University in Beijing.
SENIOR PR MANAGER
Yuzhu Luo is the Senior PR Manager at ZhenFund.
Before joining ZhenFund, Yuzhu was a senior editor at tech media Lieyunwang. Yuzhu received her Bachelor’s degree from Sichuan Agricultural University.
Zhaoyu Zheng is a partner at ZhenFund, where he has invested in and managed companies such as Meicai, EasyFlower, 51talk, Zhaogang, Locals, and more.
Prior to joining ZhenFund, Zhaoyu was the Vice President of the Education International Corporation, one of China’s leading providers in overseas study. He also served as the Principal of the Taiyuan New Oriental School. Zhaoyu was named one of the 40 Under 40 Investors by China’s Entrepreneur Magazine in 2015.
Zhaoyu received a Master’s Degree in Management from Peking University.