Granite Global Ventures Strengthens Position in China with Appointment of New Managing Director.Jixun Foo Joins Granite Global Ventures with a Proven Track Record
MENLO PARK, Calif., Nov. 14 /PRNewswire/ -- Granite Global Ventures (GGV), an expansion-stage venture capital firm, announced today that it has bolstered its investment team with the addition of Jixun Foo. Jixun will serve as Managing Director focused on investments in China, and will be based in GGV's Shanghai office.
Prior to joining Granite Global Ventures, Jixun was a director of DFJ ePlanet, a global venture capital firm. There he led several key investments in China, including Baidu, Longcheer, and GMedia in addition to his involvement in Focus Media and Kaitone. Jixun was previously a manager at the National Science & Technology Board of Singapore (NSTB NSTB National Science and Technology Board (Singapore)
NSTB National Satellite Test Bed ), where he invested in venture capital funds Venture Capital Funds
An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential.
Notes: and assisted early-stage technology companies. Prior to joining the NSTB, Jixun served as an R&D engineer and project group leader with Hewlett-Packard, where he helped develop the HP Deskjet 400 printer.
"Jixun is a talented investor and board member and has made a huge contribution over the last five years to Baidu's success," said Robin Li, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Baidu. "Jixun was one of our most influential board members, helped drive the evolution of the Baidu business model and was a leader in getting Baidu financed from the initial VC investment all the way through our recent NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ."
"I have known and worked with Jixun for over eight years. His deep understanding of the Asian market and his venture experience will strengthen our presence in Asia, especially in China," said Thomas Ng, Managing Director, Granite Global Ventures.
"Granite Global Ventures presents a tremendous opportunity both personally and professionally," said Jixun Foo, Managing Director, Granite Global Ventures. "I am looking forward to joining its team of proven professionals and contributing to the firm's further success."
About Granite Global Ventures
Granite Global Ventures is an expansion-stage venture capital firm focused on information technology and healthcare companies. The firm was founded in 2000 by four managing directors: Scott Bonham, Joel Kellman, Hany Nada, and Thomas Ng. Granite Global Ventures brings a depth of experience in investments, cross-border business development activities, mergers and acquisitions, and IPO transactions. With $400 million under management, its investments include AAC Acoustic Technologies (HKSE HKSE Hong Kong Stock Exchange :2018), Agility (pending acquisition by JDS Uniphase), Alibaba (recently combined with Yahoo!), Bokee, Hurray Solutions, SiRNA Therapeutics and XenoPort. Past investments include Kintana (acquired by Mercury Interactive), NetScaler (acquired by Citrix), Oculex (acquired by Allergan), and P-Cube (acquired by Cisco Systems).
Granite Global Ventures (http://www.ggvc.com/) has offices in Menlo Park, CA, Shanghai, and Singapore.
LEWIS PR for Granite Global Ventures Granite Global Ventures Adriana Gascoigne Scott Bonham 415-277-5473 650-475-2150 firstname.lastname@example.org email@example.com
CONTACT: Adriana Gascoigne of LEWIS PR, +1-415-277-5473, or firstname.lastname@example.org, for Granite Global Ventures; or Scott Bonham of Granite Global Ventures, +1-650-475-2150, or email@example.com
Web site: http://www.ggvc.com/