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Shunwei Capital

Native name	順為資本
Company type	Private
Industry	Venture Capital
Founded	2011
Founders	Lei Jun Tuck Lye Koh
Headquarters	Beijing, China
Products	Investments
AUM	US$3 billion (2023)
Website	www.shunwei.com
Footnotes / references

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

Background

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

The firm provides growth capital to internet and technology companies mainly in China but also in other countries such as India and Indonesia. Investments have been made by the firm in telecommunications, digital media, video games, Rural Internet, and financial technology sectors. The company's notable investments include ByteDance, Kuaishou, Shein, Nio, IQIYI, Xpeng Motors, Kanzhun Limited, Webull andCloudWalk Technology. Non-Chinese investments include Koo and Zomato. However due to tensions between China and India resulting from the 2020–2021 China–India skirmishes, Shunwei has divested its positions and withdrawn its plans for India.

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

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

References

1. ^ Flannery, Russell. "China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List". Forbes. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
2. ^ Apostoaie, Ella (30 April 2023). "Who is Shunwei Capital?". The Wire China. Archived from the original on 1 March 2024. Retrieved 21 June 2024.
3. ^ Wu, Julianna (21 August 2020). "BIZ IN GRAPHICS | Meet Lei Jun: the 'Steve Jobs of China' who founded Xiaomi". KrASIA. Archived from the original on 3 June 2021. Retrieved 29 May 2021.
4. ^ "Chinese investors lose out in Indian tech IPO boom". Rest of World. 7 September 2021. Archived from the original on 28 November 2022. Retrieved 21 June 2024.
5. ^ "China experience more relevant to India, Indonesia than US: Shunwei's Tuck Lye Koh". DealStreetAsia. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
6. "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)
7. Gooptu, Biswarup. "Shunwei Capital, Xiaomi continue to bet big on Indian startups". The Economic Times. Archived from the original on 2 June 2021. Retrieved 29 May 2021.
8. ^ "Shunwei Capital receives US$1.21B in latest fundraising". www.spglobal.com. Archived from the original on 2 June 2021. Retrieved 29 May 2021.

External links

• Official website

• Chinese companies established in 2011
• Financial services companies established in 2011
• Investment management companies of China
• Venture capital firms of China