# RECON Holdings Group

RECON Holdings Group is a Corporate Investor based in Hangzhou, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Hangzhou, China
- **Region:** Asia
- **Address:** Hangzhou, China
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** http://www.reconcapital.com
- **LinkedIn:** https://www.linkedin.com/company/recon-capital-llc

## Regulatory record

- **Reports private funds:** No

## About

RECON Holdings Group is a corporate investor based in Hangzhou, China. It has invested in one fund. The firm focuses on opportunities in Asia.

## Sectors

- Real Estate
- Media & Entertainment
- Venture (General)

## People

- Dr. Tony Xia (Jian Tong Xia) — Chairman and CEO

## Questions

### Who runs investment decisions at RECON Holdings Group?

Dr. Tony Xia (Jian Tong Xia) serves as Chairman and CEO of RECON Holdings Group. All investment decisions ultimately trace back to Xia, who founded the firm and operates it as his primary corporate investment vehicle. There is no publicly disclosed investment committee or external advisory board.

### What is RECON's relationship to Aston Villa Football Club?

RECON Holdings Group, through Xia's broader Recon Group, acquired Aston Villa in June 2016 from Randy Lerner for a reported £76 million. The club was held via the NSWE vehicle, in which Xia initially partnered with Nassef Sawiris and Wes Edens. After financial difficulties in 2018, Sawiris and Edens injected new capital and eventually bought out Xia's stake, ending RECON's involvement by 2019.

### What investment stages does RECON's venture arm target?

The venture strategy covers the full lifecycle — early-stage, seed, start-up, and expansion or late-stage rounds. RECON's venture investments are made under a generalist mandate, though specific portfolio companies and check sizes have not been publicly disclosed.

### Which sectors does RECON Holdings Group explicitly focus on?

The confirmed sectors are real estate — through urban development and smart-city projects in Hangzhou and Beijing — and sports-related real estate in the UK. The venture arm operates a generalist strategy. The firm also holds a rare tree collection and the design consultancy XWHO, both outside traditional institutional sectors.

## Related profiles

- [Recapital Group](https://altss.com/profile/recapital-group)
- [Red Cliff Asset Management](https://altss.com/profile/red-cliff-asset-management-limited)

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Last updated: 2026-06-03T20:00:00.000Z

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