Wei ZhouFounding Managing Partner at China Creation Ventures (CCV)Speaker
Profile
Mr. Wei Zhou is the founding partner of China Creation Ventures (CCV). He is a resourceful venture capitalist, a successful serial entrepreneur in technology, and a pioneer of Chinese digital payment industry. Before becoming an investor, Wei has accumulated more than 10 years of experience in technology innovation and business management. During college in the 90s, Wei joined a startup company in payment technology. He started with designing China’s first payment software and hardware, and eventually oversaw the group’s corporate strategy and M&A and took the company to IPO on Shanghai Stock Exchange in 1996. In 2002, after being the youngest executive of a listed company, he founded his own company in wireless payment technology and risk management, and led the company to years of rapid growth until acquired at high valuation.
In 2007, Wei joined KPCB as a founding member and Managing Partner of the China office. During the 10 years at KPCB, Wei led the TMT investments in Greater China. Within the 29 TMT companies Wei invested in, 11 have become unicorns, 1 has achieved over 500x return, and 4 have achieved over 100x return.
In 2017, Wei founded CCV with the original TMT investment team at KPCB China. CCV sticks to “selective investments strategy” and focuses on early and growth stage investments Enterprise Solutions, Digital Healthcare, Advanced Technologies, and New Generation in China. CCV currently manages over 700 million in USD and 2.5 billion in RMB. Since its establishment, CCV has already delivered 2 IPOs and 4 unicorns (within which 2 are valued at over 10 billion USD). By far, under the “selective investments strategy”, Wei has successfully invested in at least 1 unicorn every year on average during his 14 years of investment career.
The star companies that Wei backed at early stages include:
• E-commerce: JD (NASDAQ: JD), WeCook.
• Social Network and Contents: Ximalaya, TanTan (Acquired by MoMo NASDAQ: MOMO), MetaApp, Asia Innovations Group, Joyrun, Colorful Pines.
• Fintech: CreditEase (NYSE: YRD), Rong360 (NYSE: JT), JD Technologies, IceKredit, Transsnet Finance.
• Artificial Intelligence: Perfect Corp., Cowa Robot, Quicktron, Hitbot, Singsound.
• Digital Healthcare: Shukun Technology, Arrail Dental, Yunhu Technology, Naxions, Rivamed, Jarvis.
• Enterprise Solutions: VenusTech (SZSE: 002439), Wanka Online (HKSE: 1762), Mininglamp Technology, Eccang, Ele007.
With his successful investment track record, Wei has been given numerous awards such as Forbes China’s Top 30 Venture Capitalists for four consecutive years, Fortune Top 30 Most Influential Investors of 2020, 36Kr Top 35 Investors Most Welcomed by Entrepreneurs, and Best Investor of the Year awarded by Zero2IPO and China Venture respectively.
Wei holds an MBA degree from the Wharton Business School and a bachelor’s degree in Engineering from the University of Electronic Science and Technology of China. He serves as the treasurer of China Venture Capital and Private Equity Association (“CVCA”), and long-term entrepreneurship mentor at Wharton Business School, Tsinghua PBC School of Finance, and Zero2IPO Sandhill College.