![]() | |
Native name | 順為資本 |
---|---|
Company type | Private |
Industry | Venture Capital |
Founded | 2011[1][2] |
Founders | Lei Jun[1][2] Tuck Lye Koh[1] |
Headquarters | Beijing, China[1] |
Products | Investments |
AUM | Over US$3 billion (2020)[1][3][4] |
Website | www.shunwei.com |
Shunwei Capital (Chinese: 順為資本; pinyin: Shùnwèi zīběn) is a Beijing-based venture capital firm founded in 2011.[1][2] It was founded by Lei Jun (the founder and CEO of Xiaomi) and Tuck Lye Koh.[1][2] The firm focuses on investing in the technology sector in China as well as other countries such as India and Indonesia.[3][4] According to South China Morning Post, from January 2019 to May 2020, it was the ninth most active venture capital firm in China.[5]
Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh.[1] Lei was previously the CEO of Kingsoft until 2007,[6][7][2] as well as founder of Xiaomi in 2010.[2][7] Meanwhile, Koh was a Singaporean who worked in China for GIC and C.V. Starr Investment Advisors dealing with technology investments.[1]
The firm provides growth capital to internet and technology companies mainly in China but also in other countries such as India and Indonesia.[3][4] Investments have been made by the firm in telecommunications, digital media, video games, Rural Internet, and financial technology sectors.[8] As of 2020, the firm has invested in over 400 companies.[2][4] The company's notable investments include Xiaomi,[1] Nio,[9] IQIYI,[10] Xpeng Motors,[9] Koo[11] and Zomato.[12]
Investors of the firm include sovereign wealth funds, funds of funds, university endowment funds, and family offices.[8]
Shunwei Capital's name comes from a Chinese idiom (順勢而為) that means "to leverage a trend to achieve greatness".[4]
Fund[13] | Vintage Year | Committed Capital ($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 |