“A rich family’s child has to choose one of three options,”says Fuye Wang managing partner at Geek House Capital. “Work in a large company, invest, or inherit the family business.”

Mr. Wang is an example of China’s ‘second generation rich’. His father, Zhongjun Wang, is the founder of Huayi Brothers, one of the largest private-sector film companies in China. Huayi Brothers is backed by Alibaba, Tencent, and CITIC, a state-owned investment company. 

Instead inheriting his father’s business, Mr. Wang decided to take the second option. “I’m too lazy and I know that I can not work hard, so I got into the investment field,” he jokes.

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Eva Yoo

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

Eva Xiao

Eva Xiao is a tech reporter based in Shanghai. Contact her at eva.xiao@technode.com or evawxiao (wechat & twitter).