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Zhenge Fund [1]? Xu Xiaoping, Wang Qiang, co-founders of New Oriental, and China, Sequoia Capital, jointly founded the Angel Investment Fund on 20 1 1 to encourage young people to start businesses, innovate, create wealth and create.

New Oriental once built a bridge for students to go abroad for further study. Zhenge Fund hopes to build a rainbow for overseas students to return to China to start businesses, focusing on but not limited to overseas students' entrepreneurship. Zhenge Fund is willing to help young people with international awareness and understanding realize their entrepreneurial dreams.

name of the company

Zhenge fund

Foreign name

Zhenge fund

Headquarters location

Beijing

Founding time

20 1 1

scope of business

Angel capital

Company slogan

Entrepreneurial stepping stone, entrepreneurship is freedom.

founder

Wang Qiang, Xu Xiaoping

catalogue

1? Fund profile

2? Its project

Zhenge Dream Roadshow Day

DemoDay

Ceo lunch

Zhen inn

true words

Vibrating wheel

Zhenge forum

Industry closed-door meeting

3? Honorary awards

4? Management team

Xu Xiaoping

Johnston

Anna Fang

Li Jianwei

a surname

5? Consultant team

Zhang yazhe

Gunn Dong Jun

east

6? Investment effect

Classic investment case

7? Media evaluation

Fund profile

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Zhenge Fund is an angel investment fund jointly sponsored by Xu Xiaoping, Wang Qiang, co-founders of New Oriental and China, Sequoia Capital, on 20 1 1, aiming at encouraging young people to start businesses, innovate, create wealth and create. New Oriental once built a bridge for students to go abroad for further study. Zhenge Fund hopes to build a rainbow for overseas students to return to China to start businesses, focusing on but not limited to overseas students' entrepreneurship. Zhenge Fund is willing to help young people with international awareness and understanding realize their entrepreneurial dreams [1]? .

Zhenge Fund focuses on TMT industry, including seed investment in the fields of Internet of Things, mobile Internet, games, enterprise software, O2O, e-commerce, education and training. Jiayuan (Nasdaq: DATE), Lanting Jishi (NYSE: LITB), Jumeiyoupin (NYSE: JMEI), Qi Xin Xieli, Looking for Steel Mesh, Xiaohongshu, Honey Bud, and American Cuisine. Com, Luigi Logistics, Auntie Ma, 5 1Talk and many other companies have become star enterprises invested by Zhenge Fund. In the 14th Annual Forum on Equity Investment in China, Zhenge won the Best Angel Investment Institution Award in China in 20 14. In the "Zero2IPO Group 20 15 China Equity Investment Ranking List", it won the first place among the top 30 angel investment institutions in China. [2]?

Zhenge Fund launched a 1 page $ Term form on 20 14, and a 2-page SPA on 20 15, which cut down many terms restricting entrepreneurs and triggered industry innovation. Investment philosophy

Only truly outstanding people can create great enterprises. Zhenge Fund is committed to finding the best entrepreneurs, providing them with the best resources and accompanying them to success. The real mission is to give entrepreneurs wings.

Zhenge Fund (6 pieces)

Its project

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Zhenge Dream Roadshow Day

Zhenge Dream Center invites about 20 outstanding entrepreneurial teams to deliver their plans to Zhenge every month to have face-to-face communication with the investment teams of Xu Xiaoping, Wang Qiang and Zhenge Fund, and hold the "150 Second Dream Roadshow", which may bring investment opportunities.

DemoDay

DemoDay is one of the activities of Zhenge Fund's post-investment service series. Invited 50 top venture capitalists to observe A/B Round 15 Zhenge Combination Company for financing roadshows.

Ceo lunch

CEO lunch is one of the post-investment service activities of Zhenge Fund. Every month, he invites the founder or CEO of the portfolio company to attend, have lunch with Xu Xiaoping, Wang Qiang and other serious partners, answer questions and find inspiration and direction on the road to entrepreneurship.

Zhen inn

The practical station plan provides an opportunity for overseas students to observe, learn, adapt and adjust when they return to China to start businesses. Invite potential entrepreneurs from overseas famous schools and enterprises to visit Zhenge Combination Company and outstanding companies in the market. Teacher Wang Qiang, co-founder of Zhenge Fund, will accompany you to exchange comments during this trip.

true words

ZhenTalk is one of the post-investment service activities of Zhenge Fund, and experts from investment, entrepreneurship or a specific industry or field will be invited regularly to provide relevant training to senior executives such as CEO, brand leader and human resources leader of Zhenge Combination Company.

Vibrating wheel

ZhenWheels is an entrepreneurial exchange camp for senior talents from famous universities and enterprises at home and abroad. Invite potential entrepreneurs with senior workplace experience to join in and communicate with startups with the investment portfolio of Zhenge Fund. After two-way selection, some senior professionals will join the real combination of startups.

Zhenge forum

Every year, the annual activities of Zhenge Fund invite entrepreneurs from well-known universities and enterprises at home and abroad, Zhenge portfolio companies and peers to gather together to discuss the general direction of entrepreneurship.

Industry closed-door meeting

Zhenge Fund holds closed-door meetings every month, inviting the founders or executives of Zhenge portfolio company to discuss specific topics of a certain industry, so as to promote the introduction and exchange of high-end talents in the same industry, share the experience of industry venture financing and exchange company resources.

Honorary awards

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Zero2IPO 20 15 Best Angel Investment Institution Award

Zero2IPO 20 14 Best Angel Investment Institution Award

Sina science and technology 20 15 annual billboard annual Fengyun investment institution award

The most active angel investment institution 20 15.

265438+20th Century Business Herald "20 15 Innovative Angel Investment Institutions"

Investment in China 20 15 Brand Building Award for Investment Institutions.

Management team

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Xu Xiaoping

Founder of Zhenge Fund, co-founder of New Oriental, and a famous angel investor in China. Won the most respected angel investor in 20 10, angel investor in 2010, angel fund in 20 12, angel investor in 20 13, and angel investment leader in Zhongguancun in 20 13. [2]?

Johnston

Co-founder of Zhenge Fund, co-founder of New Oriental. Master of Computer Science, new york State University, USA, famous English teaching expert, founder of American English thinking learning method, senior consultant and invited host of English channel of China People's Broadcasting Station, well-known ancient book lover and collector. He used to be the dean of the Education Development Research Institute of New Oriental Education Technology Group and the software engineer of Bell Communication Research Institute in the United States.

Anna Fang

Partner and CEO of Zhenge Fund. Since joining Zhenge Fund on 20 1 1, Ms. Anna Fang has invested in more than 70 seed companies in the fields of Internet and education, and served as a member of the board of directors of several venture capital companies. Before joining Zhenge Fund, Ms. Anna Fang was the business development manager of GE China, responsible for the business development and mergers and acquisitions of GE China. Her career began in JPMorgan Chase, new york. Ms. Anna Fang is one of the 40 investors under the age of 40 in Venture 2014. Ms Anna Fang holds a bachelor's degree from Columbia University and an MBA from Stanford University.

Li Jianwei

Partner and CIO of Zhenge Fund. Before joining Zhenge, Li Jianwei was the vice president of Sequoia Capital, responsible for Sequoia's investment in intelligent hardware and enterprise services. Before joining Sequoia, Jianwei was vice president of Fidelity Asia Fund. Prior to that, he worked as a consultant for Boston Consulting Group. Li Jianwei graduated from Beijing University of Posts and Telecommunications with a master's degree in management engineering and a minor in computer science.

a surname

Partner of Zhenge Fund. Before joining Zhenge Fund, Mr. Zheng was the vice president of Kai Tak International Education Group, an internationally renowned education brand, and the principal of New Oriental Taiyuan School. Mr. Zheng holds a doctorate in education from Beijing Normal University and a master's degree in management from Peking University.

Consultant team

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Zhang yazhe

Mr. Zhang Yazhe is a director and partner of Zhenge Fund. He has long been responsible for the public affairs, brand, media and market of New Oriental Education Group, and served as the executive dean of New Oriental Research Institute (education, culture and study abroad). He is currently a director of 2 1 Century Education Research Institute and a capital consultant of Apollo. Participated in the establishment of Peking University Private Education Research Institute and Peking University China Capital Research Center, and served as an investment consultant of Providence private equity in China.

Gunn Dong Jun

Mr. Gang is a director of Zhenge Fund. He used to be the vice president of New Oriental Education Technology Group. Professional journalist, worked for China News Agency and China Youth Daily successively. Peking University graduated with a master's degree. Social part-time job: Deputy Director of the Central Education Committee of China Agricultural Workers' Democratic Party, Standing Committee of Beijing Municipal Committee of Agricultural Workers' Party. Member of the 10th National Youth Federation. Mr. Okadong Jun holds a master's degree in Peking University.

Works: Fifty Years of American Policy toward China

east

Miss Dong Fang is the Secretary-General of Zhenge Fund. She has been Mr Xu Xiaoping's assistant since 2007. As the earliest member of Zhenge Fund, she participated in and witnessed the whole development and all achievements of Zhenge. Miss Dong Fang graduated from Beijing Normal University from 20 10 to 20 1 1 in 2007, and went to study in the United States to complete the American Language Project of Columbia University.

Investment effect

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By the end of 2065438+March 2006, among the companies invested by Zhenge Fund, 296 projects have been disclosed. Including several rounds of investment, I really participated in the investment of 330. Among them, 248 companies participated in the angel round investment, accounting for about 75%, which is the largest part of the actual investment. There are 54 people and 15 people in the A round and Pre-A round respectively, and early investment has always been the most important part.

Zhenge Fund only started to set foot in the B round of investment in 20 14. So far, they have participated in 12 B round investment, most of which have participated in angel round or a round investment before. Only The ONE Smart Piano, Youthful Cuisine Jun, Leifeng.com and two overseas projects Minerva Project and Talkray directly participated in the B round. The only C round investment is the follow-up investment of Honey Bud Baby. Round B and C are mainly based on follow-up investment or joint investment. The main characters are mainly concentrated in angel wheel and Pre-A wheel and a wheel.

Of the total 330 investments, 65,438+038 are real lead investments, 35 are follow-up investments and 65,438+027 are joint investments. There are two joint investment institutions and real joint investment in the early stage, and there are often 3-4 angel rounds in the later stage. Reducing risk is one of them, and the soaring price of startup companies is also an important reason. According to the data disclosed by public information, among the 296 projects invested by Zhenge, 107 projects entered the next round, accounting for 36%.

Classic investment case

Jiayuan (Nasdaq: Date)

Lanting Jishi (new york Stock Exchange code: LITB)

Jumeiyoupin (new york Stock Exchange code: JMEI)

5 1Talk (new york Stock Exchange code: COE)

One left, one right. com

Xiaohongshu

Honey bud

Aunt?

Good food. com

Looking for steel mesh

Yihang

Media evaluation

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The investment rhythm of Zhenge Fund 20 15 has been relatively compact. It is estimated that the number of BP cases they are exposed to each year is unimaginable to other economists. For an early investment institution, it is equivalent to giving priority to a BP traffic portal in the investment circle, and the advantage is not obvious. In the current investment field, if we want to calculate the public relations ability, Zhenge Fund is absolutely not inferior to any one, even the investment institutions joined by stars in the performing arts such as Haiquan, star-VC and AB capital. Just like the "entrance" that Internet companies often say, as the forefront of the investment value chain, the image of angel institutions is also a drainage weapon. If Zhenge Fund is willing to announce the number of BP they receive each year, this number will definitely surprise everyone. (tiger sniffing net) [3]?

20 15 is the most active angel investment institution, and 20 15 is the busiest entrepreneurial project platform. From Ye Fan in Lin Yilun to Yihang at the stunning CES. Talking about the secret of investment, Zhenge Fund said: Look at people first! (Sina Technology) [4]?

Getting Started Atlas More Atlas

Photo of the competition (1 1)

Zhenge Fund (6)

reference data

1.？ About us? . Zhenge Fund [reference date 20 16-08-25]

2.？ Zero2IPO 20 15 China's annual ranking of equity investment was announced, and the best angel /VC/PE institutions were announced? Investment. 20 150 12-07[ reference date 20 16-06- 16]

3.？ 20 15 inventory of active angel institutions in China: Zhenge Fund seeks defeat alone, while Pre-Angel and Xianfeng Huaxing pursue after it? Tiger sniffing.2016-01-08 [reference date 20 16-06- 16]

4.？ Zhenge Fund won the annual Fengyun Investment Institution Award of Sina Science and Technology Billboard? . Sina technology. 2016-01-19 [reference date 20 16- 16]