Hans Tung is a managing partner with GGV Capital and a renowned thought leader across the US-China cross-border technology scene. He blogs about tech trends in China and investment topics at hans.vc and is a co-host on the most popular English-language podcast about entrepreneurship in China, the 996 Podcast.
Over the course of his fruitful career, he has invested in 14 unicorn companies, including Slack, Airbnb, Xiaomi, Wish, Bytedance, OfferUp, Poshmark, Coinbase, Xiaohongshu, and SmartMi. Hans has been listed on Forbes’ Midas List since 2013 and is part of CB Insights’ list of Top 20 VCs.
“What we look for are founders whose personalities and background experiences are suitable for the markets they are building,” he explained to CKGSB. “The founder and the product need to fit together. We also want the market to be big enough to have the outcome of a billion-dollar company.”
Born in Taiwan, his family emigrated to the US when Hans was 13. After starting his career, he relocated to China full-time in 2005. In 2013, he moved back to the US and invests in both countries, traveling between both parts of the world on a monthly basis. He works with AirBnb to develop the company’s strategy for China and was involved in Uber co-founder’s Garrett Camp’s first meeting with Didi Chuxing.
“If the world is becoming more global, opportunities need to become more global, we need to become more global,” Hans explained in an interview with TechCrunch.
Dedicated to cross-border entrepreneurship, GGV Capital has also launched a program called GGV Fellows, a week-long intensive training program for bilingual and bi-cultural individuals about tech and entrepreneurship in China.
“Now more than ever, the world needs leaders and entrepreneurs who understand both China and the US, the world’s two largest Internet ecosystems,” as stated on Hans’ blog. “We believe the next generation of successful companies will be global from Day 1, and thus need to be run by global-minded entrepreneurs, which this program seeks to cultivate.”Tags: Asia, Investment and Funding, VC