Helen Wong has been hired as a partner by Shanghai-based Qiming Venture Partners to focus on investment in the internet and consumer sectors, according to a statement from the firm.
Wong was a founding partner of venture firm GGV Capital and helped open its office in China in 2005. She was an early investor in Chinese video-sharing site Tudou which listed on the NASDAQ and merged with Youku, bringing a $1 billion valuation.
“We believe Helen is a great fit with Qiming's sector-focused, research driven and disciplined investment approach and culture of integrity and commitment to investors and portfolio companies,” said JP Gan, a managing partner at Qiming Ventures, in the statement.
Qiming also said it has promoted James Wang Qi to principal and Peter Mao Shengbo, Shiyu Wang, Roger Wu Jialu, and Stella Zhou Lingfei to vice president.
“We are extremely proud of our culture of developing our staff and promoting from within,” said Duane Kuang, a managing partner, in the statement.
Late last year, Hans Tung, a partner who focused on China investments, left Qiming after six years and joined GGV Capital as a managing director to focus on internet, mobile, and gaming industry investments. Tung was an early investor in Chinese smartphone maker Xiaomi Tech.
Qiming manages both US dollar and RMB funds. It is currently investing from Fund III, which closed on $450 million in 2011 and its second RMB-denonminated fund, which closed on 600 million RMB (€73 million; $100 million) in July 2012, according to PEI’s Research & Analytics division.