About Us

CGC is a China-focused seed and early venture investor since 2006. The firm funds Seed to Series B stage companies in enterprise, technology and marketplace. The typical investment size ranges from $1M to 5M with a hard cap ceiling at $15M per company. CGC manages approximately $1.1 billion across its different RMB and USD funds. As an early stage expert, we proactively assist our companies with talent acquisition, go-to-market strategy, customer referral and opinion leadership marketing. Notable portfolio includes SMZDM (300785.SZ), MissFresh, Wish, Klook, Tongdun, Tiger Brokers (NASDAQ: TIGR), BeyondHost (now part of Meituan 03690.HK), 2Dfire, PingCAP, DeePhi (now part of NASDAQ: XLNX), AIBEE, EasyLinkin, Landspace, WeRide and Plus etc.


Investment Thesis

We believe China consumer opportunities are saturating while enterprise and technology are the next natural evolution in economy growth.

We pioneered fintech and enterprise innovations in China since founding in 2006 with a unique portfolio of fintech (Tongdun for risk management, Tiger Brokers as online discount brokerage etc.), enterprise software (2Dfire for cloud-based restaurant management, PingCAP as the most developed open source NewSQL database on GitHub), frontier technology (DeePhi as AI chip for edge computing, WeRide as L4 autonomous driving) and marketplace players (MissFresh for mobile fruit and grocery delivery, Klook for destination activity discovery).

We emphasize sector-focused coverage breadth and in-depth sector knowledge. We are a group of sector specialists who understand the dynamics of the target markets so that we could spot mega trends at early stage. We have also adopted a unique Team of Teams organizational structure to support our way of active vertical investing and portfolio management.

Management Team

  • Haiyan Wu

    Haiyan Wu

    Managing Partner


    Haiyan is a founding member of the CGC, responsible for all investments and fund management. She is also the lead partner for enterprise software and services. Haiyan has been instrumental in contributing e-commerce deal flow given her prior unique experience as a corporate executive at DHgate.com, the first cross-border B2B marketplace in China, founded by ex-CEO of Joyo.com (now Amazon China).


    Haiyan's core portfolio includes Tongdun, WISECO, Tiger Brokers (NASDAQ: TIGR), 2Dfire, PingCAP, MissFresh, SMZDM (300785.SZ), Wish and MagMode etc.

    Haiyan graduated with a B.Eng in Engineering Physics from Tsinghua University and is recognized as Top 25 Forbes China Best Women VCs and Forbes China's Top 50 Women in Tech.


    (haiyanwu@cgcvc.com)

  • Wayne Shiong

    Wayne Shiong

    Partner


    Wayne is a partner of the firm and covers frontier technology. His core portfolio includes WeRide, Plus.ai, DeePhi (part of NASDAQ: XLNX), Mech Mind, nreal, AIBEE and Landspace etc.

    Prior to joining the team in 2012, He was a partner at Bertelsmann Asia Investments leading deals of iClick Interactive (NASDAQ: ICLK), Mogujie (NYSE: MOGU), Douban and domob (part of BlueFocus 300058.SZ) etc. Prior to BAI, Wayne was a partner at WI Harper Group, a cross border venture firm where he worked on Maxthon, Go Mobile (NASDAQ: GOMO), Mapbar (part of NASDAQ: RENN), ChIVD (sold to Actis), Edan Instrument (300206.SZ) and Innovation Works (now as Sinovation).

    Wayne started his investment career at Piper Jaffray's internet equity research team in 2004. Prior to Piper Jaffray, he co-founded a Bluetooth start-up and headed business development.


    Wayne grew up in Beijing with a B.A. in Economics from Peking University.


    (wayneshiong@cgcvc.com)

  • Daoping Wang

    Daoping Wang

    Partner


    Daoping is a partner of the firm and leads the firm's efforts in marketplace opportunities. His core portfolio includes 6renyou, Klook, EZbuy (part of NYSE: LITB), Baturu, Black Fish, Kr Space, DFS168 and YMT etc.


    Before joining the firm in 2012, Daoping was co-founder of a cross-border e-commerce startup. Before that, Daoping was a Senior Associate with WI Harper Group contributing to Getui (300766.SZ) and Innovation Works. He started his investment career at SVB Capital China Fund in 2008 but was trained as an Electrical Engineer and early employee of Semiconductor Manufacturing International Corporation (a.k.a SMIC, 00981.HK)

    Daoping graduated with a B.S. in Bio-Physics from Nanjing University and MBA from Cheung Kong Graduate Scholl of Business.


    (daopingwang@cgcvc.com)

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