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Hong Kong X Technology Fund
Chen Xiaoping founded Hong Kong X Technology Fund in 2016 after leaving Alibaba Group, where he served as a senior executive overseeing technology...
Hong Kong X Technology Fund
Chen Xiaoping founded Hong Kong X Technology Fund in 2016 after leaving Alibaba Group, where he served as a senior executive overseeing technology investments. The firm's wealth origin stems from Chen's technology sector earnings and subsequent capital deployment into venture and real estate assets. Its structure as a multi-family office serves a small number of Asian family offices seeking exposure to technology and property markets. The fund pursues a hybrid strategy combining direct equity investments in early-stage technology companies with real estate acquisitions. Known asset-class exposure includes enterprise software, AI/ML, fintech, digital health, climate tech, and industrial tech (per public record). The firm also maintains a separate real estate division focused on commercial and residential properties in China, South Korea, and the United States. Portfolio companies include SenseTime and Meituan-Dianping (per public record, 2019). Geographic footprint covers Shenzhen (HQ), Seoul, and San Jose, with deal sourcing spanning Asia and North America. Total deployment is estimated between $500M and $1B (Altss estimate). The firm maintains offices in Shenzhen, Seoul, and San Jose. It operates a separate philanthropic vehicle, the Hong Kong X Foundation, focused on technology education and entrepreneurship programs in Asia. May 2024: The firm closed a $150M direct co-investment vehicle targeting AI and deep-tech startups in China and the US (per public record). The fund's structural differentiator is its dual-mandate as both a technology venture investor and a real estate asset manager — a combination rare among family offices. This allows co-investors access to both growth-stage tech deals and income-generating property assets. Succession planning is not publicly disclosed.
General information
Firm type
Multi Family Office
Year founded
2016
AUM
$500M–$1B (Altss estimate)
Location
Region
Asia
Country
China
City
Shenzhen
Corporate office
Shenzhen, China
Additional offices
Seoul, South Korea · San Jose, United States
Principals
Chen Xiaoping
Founder & Managing Partner
Zhou Wei
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Hong Kong X Technology Fund?
Chen Xiaoping, the founder and managing partner, leads all investment decisions. He previously served as a senior executive at Alibaba Group. Zhou Wei serves as partner, focusing on technology investments. The firm does not publicly disclose a dedicated CIO or investment committee structure.
How does Hong Kong X Technology Fund source proprietary deal flow?
The firm sources deals through its network of Asian family offices and former Alibaba connections. It also maintains offices in Shenzhen, Seoul, and San Jose, which provide regional deal flow. The firm participates in co-investments alongside other family offices and institutional investors.
Is Hong Kong X Technology Fund structured as a single-family office or a multi-family office?
It operates as a multi-family office. The firm manages capital for a small number of Asian family offices, primarily those with technology-sector wealth. Chen Xiaoping's own capital is commingled with external capital from these families.
Does Hong Kong X Technology Fund participate in fund commitments or only direct deals?
The firm primarily does direct deals in technology startups and real estate. It also participates in co-investment vehicles and occasionally commits to external funds. Its recent $150M vehicle is structured as a direct co-investment fund.
What investment stages does Hong Kong X Technology Fund typically target?
The firm targets early-stage technology companies (Series A to C) and growth-stage deals. Its real estate division focuses on income-generating commercial and residential properties. The firm does not publicly specify a minimum or maximum check size.
Which sectors does Hong Kong X Technology Fund explicitly avoid?
The firm does not publicly disclose any avoided sectors. Its known focus areas include enterprise software, AI/ML, fintech, digital health, climate tech, and industrial tech. It also invests in real estate but appears to avoid life sciences and biotech.
Where does the underlying wealth come from?
Chen Xiaoping's wealth originates from his tenure as a senior executive at Alibaba Group and subsequent technology investments. External capital comes from other Asian family offices, many of which also have technology-sector wealth.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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