This is the first post in our series: Meet China’s Midas, where we will talk to a mix of Chinese venture capitalists who have made successful investments in China’s growing tech space. Stay tuned over the coming one month as we talk to Chinese investors from Beijing to Shanghai about what it take to be a Midas in China. You can follow our updates at @technodechina for new stories in the series. 

The era we live in is often dubbed as venture winter in China, as tech startups face dwindling funding. In the first half of 2016 ,173 new venture-capital funds in China raised 78.9 billion yuan ($11.8 billion), down 42% and 14% respectively from the same period last year, according to pedata.cn. However, do the Chinese investors feel the same?

China has formed a venture ecosystem full of its own character and tech entrepreneurs, spurred by the past year’s O2O craze and drone innovations, to this year’s WeChat business ecosystem and internet celebrities. This could not have been possible without a strong backbone of Chinese investors. There are a total of 14 partners covering China that made it to the 2016 Forbes Midas list.

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Eva Yoo

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