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Record high number of Chinese investors make it to the world’s tech investor top ranking

(People's Daily Overseas New Media)    14:02, April 03, 2019

Twenty-one Chinese investors, a record high, have made it to this year’s world’s tech investor top ranking by Forbes, which has been witnessing the rise of non-Silicon Valley powers, especially from China.

The 18th annual Midas list, the definitive ranking of the world’s tech investors, issued on Apr. 2 local time, once again saw Sequoia China’s Neil Shen on the No.1 seat for his notable deal in Alibaba, the absolute Chinese tech giant. The Chinese investor was followed by Peter Fenton and Bill Gurley from Benchmark, whose notable deals were Elastic and Uber, respectively.

Together with Shen, a total of 21 Chinese investors were listed on this year’s ranking, marking a record high number since 2012, when the first Chinese name appeared on the list. The Midas list has been witnessing a rise in the number of investors from outside Silicon Valley, which is no longer the sole incubator for technology and innovation in the world.

Specifically, Kathy Xu, a female Chinese investor from Capital Today with her notable deal in JD.com, another Chinese tech giant, grabbed the 6th position on the ranking, which also marked the highest ranking of all female investors on the full list of 100 tech investors. Some 12 women made it on the Midas list this year, also a record high number.

To make the list, investors are ranked by their portfolio companies that have gone public or been acquired for at least $200 million over the past five years, or that have raised additional funding at a valuation of $400 million or more, according to Forbes.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Jiang Jie, Bianji)

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