ZhenFund

ZhenFund was founded in Beijing in 2011 by New Oriental co-founders Bob Xu and Victor Wang, in collaboration with Sequoia Capital China, and became China's most prominent angel and seed-stage fund. It has backed more than 800 companies, including over 30 unicorns, writing first cheques across AI, consumer internet, healthcare and education. The firm operates from Beijing with additional offices in Shanghai, Shenzhen and Palo Alto.