QBN Capital

Frank Tong and Andy Tung serve as managing partners and lead investment decisions. Tong's background spans IBM Research, the Hong Kong Applied Science and Tech Research Institute (ASTRI) as CEO, and the Hong Kong Government's FinTech strategy before leading innovation and strategic investment at HSBC. Tung brings deep operating experience from his family's shipping enterprise, Orient Overseas Container Lines (OOCL), which exited in 2018.

Philea Chim, a former UK Government technology policy advisor, leads sourcing and due diligence for the firm in the United Kingdom and Europe while also participating in Asian activities. Her network spans university ecosystems, VCs, and public-sector bodies, creating a bridge to startups working on Open Banking, digital economy, and data-protection infrastructure on both continents. Deal flow in Asia draws on the principals' deep local networks across Hong Kong and Singapore.

QBN Capital is structured as a venture capital fund manager, not a single-family office. While co-founder Andy Tung's family wealth originates from the OOCL container-shipping business, the firm raises and deploys third-party capital alongside principal commitments into early- and growth-stage tech companies — typical VC fund behavior rather than a dedicated family-office mandate.

QBN invests from seed through growth stages. Its strategy spans early-stage startups and expansion rounds, with confirmed participation in pre-Series A financings such as the US$4.5 million round for loan-market infrastructure provider iLex in March 2023.

The firm targets FinTech and DeepTech, with an emphasis on companies building core financial-market infrastructure, data-protection technology, and applied digital-economy solutions. Its team's published expertise extends across Open Banking, digital economy policy, and enterprise financial-technology systems.

Andy Tung, co-founder and managing partner, is the former CEO of OOCL, the container-shipping business his family exited in 2018. Zhijian Yang, who serves as an advisor to QBN, also held executive roles at OOCL and later at COSCO SHIPPING Holdings. The Tung family's logistics and trade legacy influences QBN's connectivity to shipping and supply-chain networks, though the firm's investment mandate is sector-agnostic within FinTech and DeepTech.

Yes. Piers Hedley, a corporate-finance advisor to the firm, directly chairs philanthropic foundations on behalf of clients. While those vehicles are not investment funds of QBN Capital itself, the firm's advisory ecosystem includes governance and charitable structures supporting ultra-high-net-worth families.