News on April 7th, today, a screenshot of a WeChat group chat was exposed. The content shows that Xu Xin (Kathy) in Pudong asked her neighbors for help, hoping to help her get into a group buying group of bread. She explained that her family had a large population and needed bread and milk.
according toPhoenix Network Technology, Xu Xin is the founder of Capital Today and a big name in the industry. Interestingly, Yu Fang, who replied to her in the group, is also a member of the investment circle, from Northern Lights Venture Capital.
Later, Xu Xin himself updated his circle of friends to respond, “I am very sorry to see my message being forwarded by everyone.My son brought his classmates to my house to play. There are 12 people living in the house, and the food needs are large every day, so he will also participate in the community group purchase. At present, the bread and milk have been solved.“I am very grateful to many friends for calling and greeting me on WeChat. I am deeply warmed by everyone’s concern and help.” “
The above-mentioned Yu Fang also responded indirectly in the circle of friends, “I’m on fire. It’s a woman who is busy eating. Men think about it.”
According to reports, Xu Xin has more than 10 years of experience in venture capital, and left Baring Investments in 2005 to found Capital Today. In 2014, Forbes published theVC Queen” for the title, Xu Xin introduced her story to the cover.
The investment cases of Capital Today include JD.com, Dianping, Urban Beauty, BESTORE, Meituan, Vipshop, Zhihu, Weilai, etc. Among them, JD.com is undoubtedly the most worthy of mention. Reports at the time said that in 2006, when Xu Xin and Liu Qiangdong met for the first time, Liu Qiangdong wanted US$2 million, and Xu Xin gave US$10 million (round A). You must know that Jingdong only had more than 6,000 players and 50 employees. People, not even an accountant.
After the listing of JD.com, Today Capital held 7.8% of the shares, the return on investment was as high as 150 times, and the book earned more than 10 billion yuan.
Hashtags: Jingdong Venture Capital Venture Capital Community Group Purchase
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