Shunwei Capital
Native name
順為資本
TypePrivate
IndustryVenture Capital
Founded2011[1][2]
FoundersLei Jun[1][2]
Tuck Lye Koh[1]
HeadquartersBeijing, China[1]
ProductsInvestments
AUMOver US$3 billion (2020)[1][3][4]
Websitewww.shunwei.com

Shunwei Capital (Chinese: 順為資本; pinyin: Shùnwèi zīběn) is a Beijing-based venture capital firm founded in 2011.[1][2] It was founded by Lei Jun (the founder and CEO of Xiaomi) and Tuck Lye Koh.[1][2] The firm focuses on investing in the technology sector in China as well as other countries such as India and Indonesia.[3][4] According to South China Morning Post, from January 2019 to May 2020, it was the ninth most active venture capital firm in China.[5]

Background

Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh.[1] Lei was previously the CEO of Kingsoft until 2007[6][7][2] as well as founder of Xiaomi in 2010[2][7] while Koh was a Singaporean who worked in China for GIC and C.V. Starr Investment Advisors dealing with technology investments.[1]

The firm provides growth capital to internet and technology companies mainly in China but also in other countries such as India and Indonesia.[3][4] Investments have been made by the firm in telecommunications, digital media, video games, Rural Internet, and financial technology sectors.[8] As of 2020, the firm has invested in over 400 companies.[2][4] Notable investments include Xiaomi,[1] Nio,[9] IQIYI,[10] Xpeng Motors,[9] Koo[11] and Zomato.[12]

Investors of the firm include sovereign wealth funds, funds of funds, university endowment funds and family offices.[8]

Shunwei Capital's name comes from a Chinese idiom (順勢而為) that means "to leverage a trend to achieve greatness".[4]

Funds

Fund[13] Vintage Year Committed Capital ($m)
Shunwei China Internet Fund 2011 USD 200
Shunwei China Internet Fund II 2014 USD 315
Shunwei China Internet Opportunity Fund 2014 USD 210
Shunwei RMB Fund I 2015 RMB 1,000
Shunwei China Internet Fund III 2015 USD 500
Shunwei China Internet Opportunity Fund II 2015 USD 500
Shunwei China Internet Fund IV 2018 USD 600
Shunwei China Internet Opportunity Fund III 2018 USD 600

References

  1. 1 2 3 4 5 6 7 8 9 10 Flannery, Russell. "China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List". Forbes. Retrieved 29 May 2021.
  2. 1 2 3 4 5 6 7 "Meet Lei Jun: the 'Steve Jobs of China' who founded Xiaomi". KrASIA. 21 August 2020.
  3. 1 2 3 Gooptu, Biswarup. "Shunwei Capital, Xiaomi continue to bet big on Indian startups". The Economic Times.
  4. 1 2 3 4 5 "China experience more relevant to India, Indonesia than US: Shunwei's Tuck Lye Koh". DealStreetAsia.
  5. ↑ "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)
  6. ↑ He, Laura. "Chinese Billionaire Lei Jun's Long, Twisting Road At Kingsoft". Forbes. Retrieved 29 May 2021.
  7. 1 2 "Lei Jun | Biography, Xiaomi, & Facts". Encyclopedia Britannica. Retrieved 29 May 2021.
  8. 1 2 "Shunwei Capital receives US$1.21B in latest fundraising". www.spglobal.com. Retrieved 29 May 2021.
  9. 1 2 "Chinese and other tech giants bet on smart car revolution". Nikkei Asia. Retrieved 29 May 2021.
  10. ↑ Bloomberg News (19 November 2014). "Xiaomi Stake Said to Value IQiyi at Up to $3 Billion". Bloomberg. Retrieved 29 May 2021.
  11. ↑ "Koo Has A Chinese Investor Who Is Exiting, Says Founder Aprameya Radhakrishna". Moneycontrol. 10 February 2021. Retrieved 29 May 2021.
  12. ↑ "Zomato gets Rs 441 crore in funding round led by Delivery Hero". The Economic Times. Retrieved 29 May 2021.
  13. ↑ "Shunwei Capital Partners | Palico". www.palico.com. Retrieved 29 May 2021.
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