Last month, we reported that the photo-centered startup Meitu was to release a self-portrait smartphone Meitu Kiss targeting at female users. Behind all the camera lens of Meitu there stands a man named Cai Wensheng who is its investor and became the chairman of this company recently. Meitu’s founder, Wu Xinhong, now serves as CEO.

As an angel investor, Cai himself has never really participated in any project he invested in before. The move this time is seen by many as he is dedicated to build a smartphone and mobile Internet business, just like what Lei Jun, co-founder and CEO of Xiaomi, has been doing.

His name is actually not new to most local Internet players. A high school dropout without any phenomenal background, Cai started up his first business from scratch by registering hundreds of thousands of domain names (total estimated value over a hundred million US$). He can’t speak good English, but still sold a navigation site 265.com to Google China. Invested in several hundreds sites, he was once called the king of webmasters. Gradually the young entrepreneur turned to an angel investor. Some familiar startups Cai had invested include Baofeng Player, Falshget Downloads, 58.com, ZCOM, TTG, and CNZZ, from which some were quite a hit.

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com