Apple News Facebook Twitter 新浪微博 Instagram YouTube Thursday, Apr 4, 2019

More Chinese investors enter Forbes' top venture capitalist list

(Xinhua)    15:12, April 04, 2019

BEIJING, April 4 (Xinhua) -- Twenty-one Chinese investors made it into the Forbes Magazine's list of top 100 venture capitalists globally this year, up from 17 last year, China Daily reported Thursday.

Four Chinese investors rank among the top 10 this year, with Shen Nanpeng, founding and managing partner of Sequoia Capital China, remaining at the top of the ranking for the second consecutive year, according to the latest annual Midas List of Forbes Magazine.

Investors on the list are ranked by their portfolio companies that have gone public or been acquired for at least 200 million U.S. dollars over the past five years, or that have raised additional funding at a valuation of 400 million dollars or more.

"The increasing presence of Chinese investors in the Midas List is a solid reflection of the scale and vigor of the Chinese economy," the report quoted Zhou Xuan, director of and a professor with the private investment funds institute of the University of International Business and Economics in Beijing, as saying.

After years of reform and opening up, the number of high-quality enterprises with good investment prospects is rising, giving China an increasingly large influence on the global venture capital market, Zhou said.

As the country further opens up the venture capital industry and competition intensifies, domestic players will become more capable, Zhou noted.

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

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