We take a closer look at the Hong Kong venture capital firm behind some major recent flotations in New York.
The Hong Kong-based venture capital firm 5Y Capital has had two major pieces of news in the last year. First, it rebranded from its original name, Morningside Venture Capital, in October. Then in February, it made a reported $30 billion return on its investment in the short-form video app Kuaishou, after the Chinese company listed shares on the New York Stock Exchange.
While Kuaishou may be its most high-profile success so far, 5Y has made other significant investments in its 13-year history,
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.