GGV Partner Jeff Richards Brings Deep IT Services Expertise; GGV Venture
Partner Jia Fen Wang Adds Strength in Consumer Growth Sector
MENLO PARK, Calif. and SHANGHAI, China, May 27 /PRNewswire/ -- GGV Capital,
a leader in expansion-stage venture capital investments in the U.S. and China,
announced today that it has added two operating executives to its investment
team, expanding the breadth and scope of the firm's industry expertise.
Jeff Richards, most recently vice president of Digital Content Services at
VeriSign, Inc., joins GGV as a partner and will be based in the Menlo Park
office. Jia Fen Wang, chairperson of Bright Dairy & Food Company in China,
joins GGV as a venture partner. Mr. Richards and Ms. Wang will play strategic
roles in investing and building GGV Capital's portfolio, adding to the team's
expertise in information technology and consumer growth.
"Jeff and Ms. Wang bring strong management experience and operational
expertise in businesses that are recognized leaders in their markets -- Jeff
as a former CEO and operating executive in the Internet commerce, content and
wireless segments, and Ms. Wang as a highly recognizable executive overseeing
one of China's premier food suppliers," said Hany Nada, co-founder and
managing partner of GGV Capital. "We are very honored to have Jeff and Ms.
Wang join GGV Capital. Their proven experience, insight, and industry
relations will be invaluable in helping our global portfolio of expansion-
stage companies to achieve their full potential."
Jeff Richards brings more than a decade of experience as a successful
executive in the technology industry. Prior to his most recent position at
VeriSign, he was CEO of RFID services provider R4 Global Solutions, which was
acquired by VeriSign. Before R4, he was a co-founder and an executive at
QuantumShift, a telecom technology and services business. Mr. Richards also
was a management consultant in the U.S. and Asia with PriceWaterhouseCoopers
and held advisory positions with various venture capital firms.
Jia Fen Wang has more than four decades of operational and management
experience in China's agricultural and consumer products sectors. Prior to her
current role as chairperson of Bright Dairy & Food Company, Ms. Wang served as
both president and chairperson of the firm for more than 10 years. Before
then, she was chairperson and general manager of the Shanghai Dairy Group. She
also has held executive positions in the China Dairy Industry Association,
Dairy Association of Shanghai, and China Food Industry Association.
About GGV Capital
GGV Capital (formerly Granite Global Ventures) is a leader in expansion-
stage venture capital investments in the United States and Asia. Focused on
driving expansion-stage innovation worldwide, GGV Capital's highly diverse
team manages over $1 billion from its offices in Silicon Valley, Shanghai, and
Singapore. The firm invests across a range of sectors in information
technology, services and healthcare, as well as the consumer growth sector in
China. GGV Capital has provided capital and helped accelerate international
expansion for its worldwide portfolio of high-growth companies, particularly
in the U.S. and China. GGV Capital's portfolio includes Alibaba (HKSE:1688),
athenahealth (NASDAQ: ATHN), Boston-Power, BCD Semiconductor, Endeca, hiSoft,
QuinStreet, SuccessFactors (NASDAQ: SFSF), and WildTangent. Recent exits
include AAC Acoustics (HKSE: 2018), Netli (acquired by Akamai), Sirna
Therapeutics (acquired by Merck), Qpass (acquired by Amdocs), XenoPort
(NASDAQ: XNPT), and Xfire (acquired by Viacom). The total market value of GGV
Capital's exits since the firm's formation in 2000 exceeds $33 billion. For
more information, please visit www.ggvc.com.
Further Information
GGV Capital - U.S. GGV Capital - China
Stephen Hyndman Jenny Lee
+1 650 475 2150 +86 21 6161 1750
shyndman@ggvc.com jlee@ggvc.com
Press/Analyst Inquiries
Kinetic.PR for GGV Capital U.S. Lewis PR for GGV Capital China
Rebecca Hurst Sandy Wu
+1 650 679 9282 +86 21 6103 1204
rebecca@kineticprllc.com sandyw@lewispr.com
SOURCE GGV Capital
Stephen Hyndman, GGV Capital - U.S., +1-650-475-2150, shyndman@ggvc.com, Jenny
Lee, GGV Capital - China, +86 21 6161 1750, jlee@ggvc.com; or Rebecca Hurst,
Kinetic.PR for GGV Capital U.S., +1-650-679-9282, rebecca@kineticprllc.com; or
Sandy Wu, Lewis PR for GGV Capital China, +86 21 6103 1204,
sandyw@lewispr.com
