In addition to helping China companies come to the U.S., GGV helps U.S. companies explore China.
FORBES: GGV Capital, With $625 Million In New Funds, Targets China, U.S. Growth
Venture firm GGV Capital does this with its joint China and U.S. approach to growth technology investing.
FORBES: GGV Capital, With $625 Million In New Funds, Targets China, U.S. Growth
Major shareholders are Morningside China with 12.6%, Steamboat Ventures with 12.2%, GGV Capital with 8.8% and Tiger Global with 8.5%.
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Those with a good track record and investment returns raised new funds, such as GGV Capital, which raised a fourth fund.
Hany Nada was a buy-side Wall Street analyst with Piper Jaffray for ten years when in 2000 he decided to start GGV.
FORBES: GGV Capital, With $625 Million In New Funds, Targets China, U.S. Growth
Because GGV has close ties with China companies, the firm has been active helping with a number of recent high-profile China mergers and acquisitions.
FORBES: GGV Capital, With $625 Million In New Funds, Targets China, U.S. Growth
The investors include General Atlantic, Sequoia Capital and GGV Capital.
Travel, where GGV has already invested, still has potential since in China travel is still predominantly for business, but it is moving more towards leisure travel as it is in the U.S., Foo says.
FORBES: GGV Capital, With $625 Million In New Funds, Targets China, U.S. Growth
The WSJ notes that investors in the company after the deal include Crosslink Capital, with a 21.9% stake, Walden Venture Capital with 17.8%, Graylock Partners with 13.4%, Labrador Ventures with 8.1% and GGV Capital with 4.9%.
While U.S. firms often hold Monday morning partner meetings and require overseas partners to dial in at odd hours in their local time zones, GGV holds its meetings at 5pm Pacific time, which is 9am in China.
FORBES: GGV Capital, With $625 Million In New Funds, Targets China, U.S. Growth
This, despite the fact that mergers are not as accepted there as in the U.S. For example, in March, GGV-backed Tudou (which went public in 2011) and Youku merged, creating the largest video sharing website in China.
FORBES: GGV Capital, With $625 Million In New Funds, Targets China, U.S. Growth
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