Representative investments of Manzi Capital and Xue Manzi, grouped by tech cycle, drawn from his autobiography《蛮子传》. Not a complete list and not a performance promise; undisclosed amounts and returns are not published.
Formed by merging Unitech and Starcom; backed by SoftBank's Masayoshi Son (USD 160M total). NASDAQ IPO in Mar 2000 — the first Chinese private company on NASDAQ; the source of Xue Manzi's first fortune.
Among the earliest investors in Alibaba, alongside Masayoshi Son (via SoftBank China / SBCVC).
China's first e-commerce site; he brought together SoftBank, IDG and Jerry Yang to invest, and served as chairman.
Co-invested with IDG in 2004 and helped secure Google funding; later acquired by Google.
Backed Li Xiang; from PCPOP to Autohome, China's leading auto-information platform.
Li Xiang's third venture after exiting Autohome.
A leading Chinese investor community and markets-social platform.
A well-known 2000 TV drama he co-invested in; he is also one of its character prototypes.
Representative investments drawn from Xue Manzi's autobiography《蛮子传》(he has invested in nearly 100 companies); not a complete list, not investment advice or a performance promise. Separately, in the crypto cycle Manzi Capital established its own quant fund, Quantum Dream Fund I (running on F-Star Protocol) — an in-house fund, not a VC portfolio company.