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The "cross-border" venture capital circle has caused heated discussions. Zhang Xuefeng's latest response: In order to provide better consulting services for candidates and parents

2024-07-17

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On the evening of July 16, Zhang Xuefeng responded on Weibo about his cross-border foray into private equity investment.Said that this action is to provide better consulting services for candidates and parents

Zhang Xuefeng said that the reason he got involved in this field was mainly to observe the investment trends under the current economic situation and understand the changes in the demand for talents in various industries through investment. He believes that this information will help students better connect with internships and employment opportunities. At the same time, Zhang Xuefeng also called on the public not to over-analyze his motives.



Zhang Xuefeng "crosses over" to venture capital circle

On July 14, the topic #张雪峰进进私人股行行业# became a hot search on Weibo. It is understood that Zhang Xuefeng's company has transformed into a limited partner (LP) and officially entered the venture capital industry.

Tianyancha shows that Suzhou Fengxue Weilai Education Technology Co., Ltd. (hereinafter referred to as Fengxue Weilai), controlled by Zhang Xuefeng, made new foreign investments on July 11. The invested company is Suzhou Yongxin Rongyao Venture Capital Partnership (Limited Partnership) (hereinafter referred to as Yongxin Rongyao Fund).

Fengxue Weilai ranks twelfth among the partners of Yongxin Rongyao Fund, with a capital contribution ratio of 2.6667% and a subscribed capital of 16 million yuan.

The executive partner of Yongxin Rongyao Fund is Suzhou Yongxin Ark Equity Investment Management Partnership (General Partnership) (hereinafter referred to as Yongxin Ark), which focuses on investing in high-quality hard technology projects such as chip semiconductors and 5G communications. So far, Yongxin Ark has issued 14 private equity funds with a total management scale of RMB 2.5 billion and has invested in more than 70 technology companies.

Zhang Xuefeng'sCapital Map

In 2016, Zhang Xuefeng became an internet sensation with his video “Seven-Minute Interpretation of 34 985 Universities” and later became the first person to provide “College Entrance Examination Volunteer Application Service”.

During the 2024 college entrance examination volunteer tutoring, Zhang Xuefeng was revealed to have "earned 200 million yuan in 3 hours of college entrance examination volunteer tutoring." Although he personally denied it, it can be seen how popular it is to find Zhang Xuefeng to fill in the college entrance examination application form.

In terms of business, Zhang Xuefeng mainly realizes his "education dream" through "Fengxue Weilai". Public information shows that Zhang Xuefeng holds a 75% stake in "Fengxue Weilai" and serves as the legal representative and executive director. At the end of 2023, "Fengxue Weilai" added online cultural management, commercial performances and other businesses, and applied to register multiple "Xuefeng Selection" trademarks, with the potential to enter the live broadcast field. In March this year, Zhang Xuefeng registered "Fengfeng Huohuo Travel Agency", which operates tourism development project planning consulting, passenger ticket agency and other businesses.

The number of private equity investors who enter the cross-border sector continues to increase

Not only Zhang Xuefeng, but also many listed companies have established or invested in private equity investment funds this year. According to incomplete statistics, as of July 14, this year, hundreds of listed companies have invested in the private equity venture capital market, with a cumulative subscription amount of more than 20 billion yuan.

Some private equity professionals said that the development of China's advanced manufacturing sector is accelerating. In recent years, investment opportunities in industries represented by semiconductor manufacturing, new energy vehicles, and aerospace have been favored. In the future, more and more listed companies or physical enterprises may use private equity funds to make related investments.

The content of this article comes from Securities Times, Shanghai Securities News, Science and Technology Innovation Board Daily, Weibo content, etc.