China New Oriental CEO launches $32m angel fund
Michael Yu, co-founder and CEO of New Oriental Education & Technology Group, has partnered with Xitai Shen, a former CEO of Huatai United Securities, to launch a RMB200 million ($32 million) angel investment fund.
The fund, Angel Plus, has attracted 21 individual investors, including SAIF Partners founder Andrew Yan, IDG Capital Partners co-founder Xiaoge Xiong, and Hillhouse Capital Management CEO Lei Zhang. ...
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