Jenny Lee: The VC With an Eye for China's Rising Tech Giants

Jenny Lee at the GGV Capital Shanghai headquarters on May 16 Photograph by Ka Xiaoxi for Bloomberg Businessweek

When China’s hottest tech startups are looking for investors, many turn to Jenny Lee. She’s a managing partner at venture firm GGV Capital, which was an early backer of Chinese online shopping behemoth Alibaba Group. Based in Shanghai, Lee led the firm’s investments in YY, China’s $3 billion social network, and UCWeb, the country’s largest mobile browser, which Alibaba announced on June 12 that it’s acquiring for an undisclosed amount and where Lee is a director. She also kicked some of her own money into smartphone maker Xiaomi, by far her most profitable investment.

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