Excited to Welcome Hans Tung to GGV Capital

Hans Tung_09Really happy to share the news that Hans Tung, one of the top venture capitalists in China, is joining GGV Capital as a Partner.

As an entrepreneur and CEO, I was always amazed at the impact one key addition to our management team could make. Now, having been a VC for 5 years, it’s something we see regularly in our portfolio. A company brings in a rockstar to fill a key role on the management team and boom! – he or she makes an immediate impact, bringing new ideas, new insights and generally disrupting the status quo (in a good way). We think we’re going to see the same with Hans, and that’s great for entrepreneurs, our Limited Partners, and our firm.

We’ve had the benefit of knowing Hans for more than 8 years – often competing or collaborating to work with the best entrepreneurs in China. Hans is well-known for leading investments in several of China’s top companies, including mobile device leader Xiaomi (the fastest company ever to go from $0 to $1 billion in revenue), mobile game company Forgame (which recently completed its IPO at a valuation of over $1 billion) and e-commerce innovator Vancl (one of China’s emerging e-commerce leaders).

Over the next 5-10 years, the most significant companies in the mobile and Internet sectors will find ways to succeed across the US and China like never before, with US companies expanding to China and Chinese companies coming to the US (see our recent co-investment with Alibaba Group in Quixey). As a firm, we are laser-focused on being the #1 choice for entrepreneurs seeking to expand across these two markets. When we had a chance to add Hans to the team to further that mission, we jumped at the opportunity.

Welcome Hans!

%d bloggers like this: