China Renaissance hires Ke Wei as Partner of the New Economy Fund

BEIJING, Sept. 25, 2017 /PRNewswire/ -- China Renaissance Group has appointed Ke Wei as Partner of the New Economy Fund and member of the Investment Committee. Mr. Wei will report to Fan Bao, Chairman and CEO of China Renaissance Group.

Mr. Wei previously served as Managing Director at global private equity firm General Atlantic (GA), where he focused on investments in the TMT and consumer sectors. During his eight years at GA, Mr. Wei has led and participated in a number of significant deals and delivered solid returns for investors. Prior to GA, Mr. Wei was Investment Principal at another private equity firm, Actis. He also worked at Boston Consulting Group for three years. Mr. Wei holds an MBA degree from Harvard Business School.

Fan Bao, Chairman & CEO of China Renaissance Group, said, "We are delighted to have Ke Wei join our platform. China Renaissance Group is increasingly active in China's private equity market. We are committed to supporting high-growth new economy companies and entrepreneurs in China. I am confident that Ke will bring his valuable experience to help further enhance our competitive advantage in private equity investment."

"I'm very excited to join China Renaissance Group, whose reputation has always been closely associated with the new economy. This burgeoning, evolving sector is also my own area of passion and experience. Together with the team, I look forward to continuously discovering and supporting the most outstanding entrepreneurs in China's new economy," added Ke Wei.

The New Economy Fund is a private equity investment platform under China Renaissance Group, focusing on investments in innovation-driven, high-growth businesses. The New Economy Fund oversees three yuan-denominated funds and two dollar-denominated funds, with combined assets under management exceeding 20 billion RMB (approximately 3 billion USD). With a guiding principle "discovering the next unicorn in the new economy", the Fund targets growth and mature stage companies, and has invested in dozens of notable companies, including Didi, Hero Entertainment, Focus Media, Qihoo 360, WuXi AppTec, HomeLink and JD Finance.

For any questions regarding this release, please contact:

Lexie Liang (Beijing)
China Renaissance
Tel: +86-10-8567-9988 ext. 8852
Email: [email protected]

Anqi Yang (Beijing)
Brunswick Group
Mobile: +86-10-5960-8639
Email: [email protected]

SOURCE China Renaissance Group