In 2012, Lixiong led his first investment- China Readinghold - a platform company of online literature. Two years after the investment, the company was acquired by a Hong Kong listed company. The investment generated more than 10x return for the fund.
Since 2013, Lixiong focuses on the education sector. He led the investments of Yuanfudao(Yuantiku) and VIPKID at their very early stage, both of which are now billion dollar "unicorn" companies. He also invested in several leading start-up companies such as Kaochong and Qingclass.
In addition to the education sector, Lixiong also covers investments in consumer, mobile internet, and internet and technology empowerment in vertical sectors.
Prior to Matrix Partners China, Lixiong was the Associate Editor of Netease Tech Channel. He was a well-known and influential reporter in the TMT industry. The experience of five years in the media industry, along with many years in the venture capital industry, has helped Lixiong gain rich field experience in developing strategies of expansion, direction, pace and financing for early stage companies.
Lixiong graduated from Shanghai University of Finance and Economics with Bachelor of Management and Bachelor of Arts.
In his spare time, Lixiong is a mobile phone and applications fan; he also likes movies and travel.
