
China VC spin-outs: Daddy issues

Several managers in the latest generation of China VC spin-outs retain close ties to their former corporate parents. These relationships can deliver great deal flow, but also governance headaches
Spin-out number one: Genesis Capital. After spending seven years as head of M&A at Tencent Holdings, Richard Peng launched his own firm in 2015. Genesis focuses on growth stage investments, leveraging...
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