Liz Gannes

Recent Posts by Liz Gannes

GGV Capital Brings on Xiaomi Investor Hans Tung

Hans Tung, a venture capitalist formerly with Qiming Venture Partners in Beijing, has joined Menlo Park, Calif.-based GGV Capital to focus on mobile and Internet investments in both the U.S. and China. Tung had been an early investor in the promising Chinese mobile startup Xiaomi, having participated in its Series A round and led its Series B round, but he has left the company’s board to make the move.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work