Granite Global Ventures, which makes expansion-stage venture capital investments in China and the US, has appointed Alvin Sun, a specialist in Chinese consumer, technology and media compan
Granite Global Ventures, which makes expansion-stage venture capital investments in China and the US, has appointed Alvin Sun, a specialist in Chinese consumer, technology and media companies and in particular mobile communications, as a partner in its Shanghai office.
Sun joins Granite from ePlanet Ventures, for which he helped establish a Beijing office, and over the past few years has led business development and operations for the fund manager within greater China.
At ePlanet, Sun participated in 14 investments in China, including KongZhong, Long Cheer, Focus Media, and Spreadtrum, and served as a director or board observer for 10 ePlanet portfolio companies, including G-Media, Kaitone, Incesoft, BlogCN and hiSoft, in which Granite also has invested.
‘Sun has played an important role in the success of some of China’s most dynamic technology and consumer companies,’ says Granite managing partner Jenny Lee. ‘We have enjoyed working with Sun through our shared interest in hiSoft, and are pleased to have him join our team as we continue to grow our investments in China’s innovators.’
Sun earlier worked for China International Capital, having been an engineer and project manager at a state-owned company in China.
Granite Global Ventures manages more than USD800m from its offices in Menlo Park, in California’s Silicon Valley, Shanghai and Singapore. The firm invests in information technology, services and healthcare, as well as the consumer growth sector in China.
The firm’s portfolio includes Alibaba.com, athenahealth, Boston-Power, BCD Semiconductor, Endeca, QuinStreet and SuccessFactors. Recent exits include AAC Acoustics, Netli (acquired by Akamai), Sirna Therapeutics (acquired by Merck), Qpass (acquired by Amdocs), XenoPort, and Xfire (acquired by Viacom). The total market value of the firm’s exits since its establishment in 2000 exceeds USD8bn.
