Hans Tung is a Managing Partner at GGV Capital. A five-time Forbes Midas Lister (most recently ranked #19 globally), Hans has been a US/China investor for more than a decade. He was among the first Silicon Valley VCs to move to China full time, betting on the rise of the Chinese consumer internet market with companies like Xiaomi where he was an early investor and board member. His portfolio includes 3 of the top 5 shopping apps in the App Store – Wish, Poshmark and OfferUp – with Ibotta growing fast at #12. Other companies in his geographically diverse portfolio include: Airbnb, Bowery Farming, Bustle, Dirty Lemon, Function of Beauty, Giphy, Lively, musical.ly, Peloton, Slack, Smartmi, Xiaohongshu (aka Red), Yamibuy, and more. View Hans’ investments here.
Hans Tung joined GGV Capital in 2013 as a managing partner to focus on consumer mobile internet, cross-border ecommerce, IoT, and mobile social communication investments in both China and the U.S. Hans led GGV’s investment and serves on the boards of Wish, a fast growing cross border mobile commerce marketplace; Xiaohongshu, a leading active social community and recommendation app for cross-border shopping in China; Poshmark, a simple and fun way to buy and sell fashion; GrubMarket, a marketplace for local farm goods; and OfferUp, a place for consumers to buy and sell goods locally. He has invested in mobile social communication companies such as musical.ly, highly popular video social network for creating, sharing and discovering short videos; Slack, which brings all your communication together in one place; Bustle, an online community providing a fresh spin on information and all subjects; Wheelwell, a market network for automotive parts and services; Peloton, a fitness technology platform and community, and Curse, a social communication platform for gamers that was acquired by Twitch. Hans is a personal investor in leading Indian e-commerce companies Flipkart and Snapdeal. He is also actively involved with GGV portfolio companies Airbnb, Flipboard, DraftKings, and Yodo1.
Hans was one of the earliest investors in, and a former board member of, Xiaomi. At GGV, he has backed several Xiaomi IoT ecosystem companies, e.g. Smartmi (air purifiers and other smart home appliances), Zimi (mobile wifi devices), 1More (headphones), and other IoT companies including Misfit, maker of wearable and smart home products, which was acquired by Fossil. Hans has been ranked as a top VC on the Forbes Midas list since 2013 and was recognized by The Founder and CBN News magazines in the past as a Top 10 most entrepreneur-friendly VC in China.
Hans’ prior work experience spans venture capital, internet startups, and tech investment banking over 18 years. He previously led investments in, or served on the boards of, startups that have since category leaders, including Xiaomi, Mafengwo Travel, Vancl.com, 51fanli, Domob Ads (sold to Blue Focus Advertising, Shenzhen Stock Exchange: 300058), Forgame (HKSE: 0484), and eHi Car Rental (NYSE: EHIC). He joined GGV from Qiming Venture Partners, where he focused on investments in China from 2007 to 2013. Previously, he was with Bessemer Venture Partners, where he helped global players such as Skype expand into China. Hans was also a founding member of two pan-Asian internet startups with roots in Silicon Valley that were subsequently sold to telcos, HelloAsia and Asia2B.
He started his career at Merrill Lynch as an investment banker focused on the technology sector. He received his B.S. in Industrial Engineering from Stanford University.
About GGV Capital
GGV Capital is a venture capital firm based in Silicon Valley, Shanghai and Beijing that has been successfully partnering with leading technology entrepreneurs for the last 17 years. With $3.8 billion in capital under management across eight funds, GGV invests in globally minded entrepreneurs in the consumer/e-commerce, frontier tech, and cloud/SaaS sectors. Find out more at www.ggvc.com.