Granite Global Ventures (GGV) announced that four partners from SIG Capital in Shanghai are joining the firm. Zhuo Fumin and Jessie Jin are joining GGV as managing partners, while Michael Kuan and Steve Chu are taking on roles as venture partners. The new GGV team members are partners in SIG Capital, which continues to manage Venture Star Shanghai, one of the first Sino-foreign joint ventures licensed to invest RMB-denominated venture capital in China, and now an affiliate of GGV.
Zhuo Fumin is a leading authority in China on corporate governance, capital markets, economic development and investment. He currently serves on the boards of directors of Focus Media,Shenyin Wanguo and China Enterprises. He previously held positions as chairman and CEO of Vertex China Investment, CEO, executive director and vice-chairman of Shanghai Industrial Holdings, and senior director of the Shanghai Office of Economic Reform.
Jessie Jin is an expert in bringing foreign direct investment in China. She currently serves as a director on the boards of Yadu Environment, a co-investment of GGV and SIG Capital, and Life Biomed. She was previously vice president of Vertex China Investment, and worked with Shanghai Industrial Holdings Limited, initially helping to arrange its listing in Hong Kong and then serving as head of its strategic investment department.
Michael Kuan started his investment career in the U.S. in mid-1980s with Capital Corporation of America where he served as an analyst, vice president and assistant to the chairman. Since the early 1990s, he has been investing in and providing strategic management services to Chinese companies in Hong Kong and China, including Chinadotcom, China Eagle Securities, China Cable Networks, CyberCity International, and Summit Lifesciences.
Steve Chu previously managed the Asian merger and acquisition business at UBS and the Asian corporate finance business at Banque Paribas. He was CFO of NetStar Group, and managed the corporate finance department and then the direct investment activities of CEF Capital. -PR Newswire
