TLDR:
- JP Gan, a successful venture capitalist, continues to see investment opportunities in China.
- He has invested in companies such as Petkit and Baichuan, focusing on industries like pets and AI.
Shanghai-based venture capitalist JP Gan has been a repeat member of the Forbes Midas List due to his successful investments in companies like Trip.com and Bilibili. After leaving Qiming Venture Partners to start his own firm, INCE Capital, Gan has raised $700 million for China investments from international investors. Despite China’s slowing growth, Gan believes the country still offers investment opportunities due to its market size and manufacturing competitiveness.
Gan sees potential in industries like pets and AI. He has invested in Petkit, a maker of intelligent pet machines, and Baichuan, a large language model company. Gan believes that AI technology will be crucial for companies in the next five to 10 years. While INCE primarily focuses on investing in China, Gan is also seeing his entrepreneurs expand abroad for growth. Notably, Japan is not on the list of countries Gan is upbeat about due to its small market and declining population.
Despite challenges brought on by the Covid pandemic, Gan remains optimistic about opportunities for companies to improve their products and hire talent at reduced costs. He believes that this phase of the business cycle will pass, leading to new growth opportunities.
