Last week, toward the end of a StrictlyVC event in San Francisco, GGV Capital managing director Hans Tung took the stage to interview one of his portfolio CEOs, Peter Szulczewski of Wish. With an increasingly boisterous crowd as their background, Tung managed to ferret out lots of fascinating information from the highly personable Szulczewski, who […]
Alibaba
U.S. Companies Backing Out of U.S. Indices? Maybe Not
It’s been a big story of late. As of mid-June, 14 U.S.-traded China-based companies had received buyout offers valued at a collective $22.4 billion, according to Dealogic. The highest profile of the bunch is Internet services provider Qihoo 360, which, several weeks ago, announced it had received a buyout offer led by its chairman and […]
China’s Economy Has Hit the Skids; Why Haven’t Internet Investors Noticed?
China’s economic growth has slowed to a quarter-century low of 7.4 percent. You wouldn’t know it, though, looking at the gigantic rounds that China-based Internet companies are raising. Just this week, Apus Group, a six-month-old, Beijing-based Android app development firm, raised a whopping $100 million; Beibei.com, a nine-month-old, mother and baby-focused e-commerce site in Hangzhou, […]
As China’s Internet Giants Look to U.S, GGV Makes Introductions
GGV Capital knows China. The 13-year-old, expansion-stage venture firm, with offices on Sand Hill Road and in Shanghai, prides itself on a U.S.-China strategy that sees its partners spending healthy amounts of time in both countries. With China now the world’s second largest economy and, as of last year, the world’s largest trading nation, that puts GGV in […]
Will Alibaba Draw VCs Back to China?
Although the American financial press seems preoccupied with Twitter’s impending IPO, Alibaba’s IPO could be an even bigger story. The China-based e-commerce juggernaut, which could go public as early as the first quarter of 2014, racked up revenues of $1.38 billion for the quarter ended in March, and analysts estimate that the company could be worth anywhere […]