DCP Capital founders David Liu and Julian Wolhardt secured the funding by touting their track record of almost three decades in China. They are part of the first generation of private equity investors in the country, arriving in the 1990s.
China's foreign debt exposure is super low and most of its local debt is held by Chinese investors, not foreigners who will run and dump the market at the first sign of stress.
Riding on technology and going global has become a new trend for Indian tech startups, however, B2C companies' footprint has remained subdued overseas.
Chinese "consumers are digitally equipped and very open to consume digitally," Zhao said, adding that it will be "a very, very powerful driving force. And that is going to continue to contribute to the world's growth."
Seven China venture funds from prominent funds earned a return of 21.4 percent. That's higher than 19.3 for 141 U.S. funds but not at the level of the top 25 U.S. venture funds.
Chinese shares surged to a nine-month high bolstered by hopes of more stimulus measures from Beijing, but the rally failed to fuel broader gains in global markets as investors waited for fresh central bank cues.
A top Chinese tech investor that's plowed $1 billion into healthcare companies since 2006, is training its focus on biotech startups it thinks have the best chance of taking on the world's top drugmakers.
In China, where fortunes were created more recently, control is only now starting to be handed to the second generation, many of them women.
If you want to understand where China is heading, the best guide may be private equity veteran, Weijian Shan. His take on his country's current economic predicament: Its slowdown has only just begun, but its long-term health looks sound.