|know where to place your bet|
China's Apple, Alibaba etc.After 11 years in the industry Richard Ji knows where to place his bets. As the chief investor of the Chinese smart phone makers Xiaomi, Ji did not disappoint the company now known as 'China's Apple' and worth US$45 billion after only three years of operation. The company sings his praises and is entrusting him with continuing its fundraising drive. Other high-tech investments include the online fashion merchant Meilishuo, Chinese e-commerce giant Alibaba and taxi-hailing app Didi Dache. What do all these companies have in common? Besides being technology driven, apparently they are all 'category killers' and 'winners of tomorrow.'
It's all a bit hush-hush, but moving ahead fast anywayRichard Ji declined to divulge the identity of his investors. The only mysterious clue was that part of the vast sums of money come from top Asian corporations and the rest from influential business leaders in the financial, consumer and IT industries. He also wouldn’t reveal how much more money he hopes to raise.
Since raising impressive investments seems to be a walk in the park for Ji, the challenge will be to expand internationally and take on technology investors from all over the world – which I believe is on the cards.