Shunwei Capital

Shunwei Capital is a Beijing-based venture capital firm founded in 2011. It was founded by Lei Jun (the founder and CEO of Xiaomi) and Tuck Lye Koh. The firm focuses on investing in the technology sector in China as well as other countries such as India and Indonesia. According to South China Morning Post, from January 2019 to May 2020, it was the ninth most active venture capital firm in China.

Background
Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh. Lei was previously the CEO of Kingsoft until 2007, as well as founder of Xiaomi in 2010. Meanwhile, Koh was a Singaporean who worked in China for GIC and C.V. Starr Investment Advisors dealing with technology investments.

The firm provides growth capital to internet and technology companies mainly in China but also in other countries such as India and Indonesia. Investments have been made by the firm in telecommunications, digital media, video games, Rural Internet, and financial technology sectors. The company's notable investments include ByteDance, Kuaishou, Shein, Nio, IQIYI, Xpeng Motors, Kanzhun Limited, Webull andCloudWalk Technology. Non-Chinese investments include Koo and Zomato. However due to tensions between China and India resulting from the 2020–2021 China–India skirmishes, Shunwei has divested its positions and withdrawn its plans for India.

Investors of the firm include sovereign wealth funds, funds of funds, university endowment funds, and family offices.

Shunwei Capital's name comes from a Chinese idiom (順勢而為) that means "to leverage a trend to achieve greatness".