China continued to dominate the Forbes Midas List in 2024, accounting for 16 members on the list of the world’s top venture investors. Despite losing the top spot to the United States, China’s growing economy and talent pool have made it a global focus for venture capital investors. Long-time listee Neil Shen of HongShan slid to No. 3 this year, with successful investments in companies like TikTok parent ByteDance and online fashion site Shein.
Two China-based investors who were in the top 10 last year, including Richard Liu of 5Y Capital and Zhen Zhang of Gaorong Capital, saw a drop in their rankings this year. However, three female investors from China made the list, including Anna Fang of ZhenFund, Nisa Leung of Qiming Venture Partners, and Annabelle Yu Long of BAI Capital. 5Y Capital led the China pack with the most listees this year, including Fisher Zhang and Elwin Yuan, who have invested in companies like video platform Kuaishou.
Other China-based investors who made the list this year include Hurst Lin of DCM, Yi Cao of Source Code Capital, Tuck Lye Koh of Shunwei, Jixun Foo of Granite Asia, David Su of Matrix, David Lindfors of DST, and Justin Niu of IDG Capital. Despite a decline in China’s stock benchmark index and rising global geopolitical tensions, the number of Chinese listees on the Forbes Midas List has increased, showcasing the strength and potential of the country’s venture industry.
China’s success in the world of venture capital can be attributed to its large economy, talent pool, and home-grown venture industry. Investors in China have made successful investments in companies like TikTok parent ByteDance and online fashion site Shein, contributing to the country’s prominence on the Forbes Midas List. As China continues to attract global investors and foster innovation, its position in the world of venture capital is expected to strengthen further in the coming years.
While China lost the top spot on the Forbes Midas List to the United States, it maintained its position as a key player in the world of venture capital. Despite challenges like a decline in the country’s stock benchmark index and rising global geopolitical tensions, Chinese investors have shown resilience and continued to excel in the industry. With a growing number of successful investments and a diverse range of investors, China’s influence in the venture capital world is set to expand even further in the future.
