Alvin Sun Joins Granite Global

Alvin Sun has joined Granite Global Ventures as a partner in the firm's Shanghai office. He previously was with ePlanet Ventures.

PRESS RELEASE

Granite Global Ventures (GGV), a leader in expansion-stage venture capital investments in China and the U.S., announced today the appointment of Alvin Sun as a partner in the GGV Shanghai office. He brings to GGV proven success in investing and growing China-based consumer, technology and media companies, with deep expertise in the mobile communications sector.

Alvin joins GGV from ePlanet Ventures, where he participated in the establishment of the ePlanet Beijing office, and for the past few years has led business development and operations of the fund within the Greater China area. While at ePlanet, Alvin participated in 14 investments in China, including KongZhong, Long Cheer, Focus Media, and Spreadtrum. Alvin also served as a director or board observer for 10 ePlanet portfolio companies, among them: G-Media, Kaitone, Incesoft, BlogCN and hiSoft, in which GGV also has invested.

“Alvin has played a strategic role in the success of some of China's most dynamic technology and consumer companies,” said Jenny Lee, managing partner of Granite Global Ventures. “We have greatly enjoyed working with Alvin through our shared interest in hiSoft, and are excited to have him join our team as we continue to grow our expansion-stage investments in China's innovators.”

Alvin previously worked for China International Capital Corporation, and served as an engineer and project manager of a state-owned company in China. Alvin received his MBA degree from the joint program between M.I.T. and Tsinghua University, and he earned his bachelor's degree in mechanical and electronic engineering from Beijing Science & Technology University.

About Granite Global Ventures

Granite Global Ventures is a leader in expansion-stage venture capital investments in the United States and Asia. Focused on expanding global innovation, GGV's highly diverse team manages over $800 million from its offices in Silicon Valley, Shanghai, and Singapore. The firm invests across a range of sectors in information technology, services and healthcare, as well as the consumer growth sector in China. GGV has provided capital and helped accelerate international expansion for its worldwide portfolio of high-growth companies, particularly in the U.S. and China. GGV's portfolio includes Alibaba.com (HKSE: 1688), athenahealth (Nasdaq: ATHN), Boston-Power, BCD Semiconductor, Endeca, hiSoft, QuinStreet, and SuccessFactors (Nasdaq: SFSF). Recent exits include AAC Acoustics (HKSE: 2018), Netli (acquired by Akamai), Sirna Therapeutics (acquired by Merck), Qpass (acquired by Amdocs), XenoPort (Nasdaq: XNPT), and Xfire (acquired by Viacom). The total market value of GGV's exits since the firm's formation in 2000 exceeds US$8 billion. For more information, please visit http://www.ggvc.com .