GGV Capital Partners Up

Jeff Richards and Jia Fen Wang have joined GGV Capital as a partner and venture partner, respectively. Richards is the former VP of digital content services with Verisign, while Wang was chairman of Bright Dairy & Food Company in China.

PRESS RELEASE

GGV Capital, a leader in expansion-stage venture capital investments in the U.S. and China, announced today that it has added two operating executives to its investment team, expanding the breadth and scope of the firm's industry expertise.

Jeff Richards, most recently vice president of Digital Content Services at VeriSign, Inc., joins GGV as a partner and will be based in the Menlo Park office. Jia Fen Wang, chairperson of Bright Dairy & Food Company in China, joins GGV as a venture partner. Mr. Richards and Ms. Wang will play strategic roles in investing and building GGV Capital's portfolio, adding to the team's expertise in information technology and consumer growth.

“Jeff and Ms. Wang bring strong management experience and operational expertise in businesses that are recognized leaders in their markets — Jeff as a former CEO and operating executive in the Internet commerce, content and wireless segments, and Ms. Wang as a highly recognizable executive overseeing one of China's premier food suppliers,” said Hany Nada, co-founder and managing partner of GGV Capital. “We are very honored to have Jeff and Ms. Wang join GGV Capital. Their proven experience, insight, and industry relations will be invaluable in helping our global portfolio of expansion- stage companies to achieve their full potential.”

Jeff Richards brings more than a decade of experience as a successful executive in the technology industry. Prior to his most recent position at VeriSign, he was CEO of RFID services provider R4 Global Solutions, which was acquired by VeriSign. Before R4, he was a co-founder and an executive at QuantumShift, a telecom technology and services business. Mr. Richards also was a management consultant in the U.S. and Asia with PriceWaterhouseCoopers and held advisory positions with various venture capital firms.

Jia Fen Wang has more than four decades of operational and management experience in China's agricultural and consumer products sectors. Prior to her current role as chairperson of Bright Dairy & Food Company, Ms. Wang served as both president and chairperson of the firm for more than 10 years. Before then, she was chairperson and general manager of the Shanghai Dairy Group. She also has held executive positions in the China Dairy Industry Association, Dairy Association of Shanghai, and China Food Industry Association.

About GGV Capital

GGV Capital (formerly Granite Global Ventures) is a leader in expansion- stage venture capital investments in the United States and Asia. Focused on driving expansion-stage innovation worldwide, GGV Capital's highly diverse team manages over $1 billion 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 Capital has provided capital and helped accelerate international expansion for its worldwide portfolio of high-growth companies, particularly in the U.S. and China. GGV Capital's portfolio includes Alibaba (HKSE:1688), athenahealth (NASDAQ: ATHN), Boston-Power, BCD Semiconductor, Endeca, hiSoft, QuinStreet, SuccessFactors (NASDAQ: SFSF), and WildTangent. 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 Capital's exits since the firm's formation in 2000 exceeds $33 billion. For more information, please visit www.ggvc.com.