Meet China’s Midas: Li Feng, A Knack For Striking Gold

This is the second post in our series: Meet China’s Midas, where we will talk to a mix of Chinese investors 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. 

Li Feng, once the youngest partner at IDG-accel, was the talk of the town when he left IDG to start his own firm last August. It was feared then that the daunting “Capital Winter” was not even near the end of the beginning. He’s now the founding partner of FreeS Fund, managing 2 billion RMB ($279 million USD), with special focus on early stage companies in e-commerce, education, fintech and lifestyle businesses.

Li Feng believes that it’s unfair to call the changes underway a “Winter”, rather, it’s rather more like a transitional phase, uncomfortable and upsetting–for different reasons depending on the individual perspective–as it may be, there’s no real shortage of cash. Now a year later, Li Feng has got some big names under his belt, adding to a dazzling portfolio, including:

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