Jeff Xiong, the former co-CTO of Tencent talked about going ‘from building to investing in great companies’ at the Startup Nations Summit 2014, held in Seoul, South Korea. He is currently founding managing partner at Seven Seas Ventures, a venture capital firm focused on investing in cross border technology companies in the U.S. and China.

He shared his experience working with Microsoft for nine years, from 1996 to 2005. After this he joined Tencent, where he saw first hand the exponential growth it enjoyed for eight years, from 2005 to 2013. This period matched that of the movement in Internet development in China towards the mobile Internet.

As a senior program manager at Microsoft US, Jeff worked on a number of products which were the current darlings, including Internet Explorer,Windows 2000 and MSN Messenger. In 2003, Jeff led the setup of the Microsoft MSN Development Center in Shanghai. At that time, Microsoft’s MSN Messenger was the most popular chat service worldwide. When he chose to join Tencent at the end of 2005, it was seen as a big challenge for Xiong, since QQ had far fewer users among college students and white collar workers than MSN at that point. But seeing its vast potential, he chose to work for Tencent. Tencent’s market value was then US$1.5 billion, which now increased to US$152 billion, increasing by over 100 times. MSN Messenger has since closed, and people say Microsoft has suffered a lost decade.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com