Tough-to-Impress Harvard Grad Molds Fortunes of China’s Rich
- Jeneration oversees $2.5 billion of asset for families, funds
- Tony Zhang has big bets on grocery delivery, fitness startups
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In a market where billions slosh around in search of the next big thing, Tony Zhang’s decade of wagering on Chinese startups has made him cautious.
That’s how he approached his first meeting with Neo Wang, the 30-year-old who channeled his personal struggle with weight into Chinese fitness and workout sensation Keep. With 40 million monthly subscribers on his app and the backing of Tencent Holdings Ltd. and Goldman Sachs Group Inc., Wang had grown accustomed to fawning investors, but Zhang proved hard to impress.