China Recovery To Quicken As Year Advances, 2020 Forbes Midas List's Zhang Zhen Says [Forbes]
Pinduoduo Inc. - American Depositary Shares (PDD)
Company Research
Source: Forbes
Gaorong Capital's Zhang Zhen moved up two spots on the new 2020 Forbes Midas List ranking of the... [+]world's top venture capitalists.Gaorong Capital's Zhang Zhen.China-based venture capitalists fared well on the 2020 Forbes Midas List, accounting for a fifth of the 100 members. Among them, Gaorong Capital’s Zhang Zhen moved up two spots, to No. 18, in part on successful investments in Pinduoduo a Nasdaq-traded e-commerce leader, and GSX Techedu, a New York-listed online education provider.What’s next for China businesses now that Covid-19 has apparently peaked in the country? In an interview with Forbes China’s Joel Li, Zhang said to look for more integration of online and offline industries, success in healthcare, and a rapid recovery of China's economy as the year goes on.Before founding Gaorong Capital in 2014, Zhang was a partner at IDG Capital. He holds undergraduate and graduate degrees from China’s Tsinghua University and an EMBA degree from the Tsinghua People’s Bank of Chin
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