Zhenshun Fund

Charles Xue is the Founding Partner and primary decision-maker, based on public record and his long-standing personal brand in China's angel investment community. He has operated as an individual angel and through the fund structure since the early 2010s. No other named investment partners are currently verified.

The firm sources through Charles Xue's multi-decade personal network across the U.S. and China tech ecosystems. This includes connections to Y Combinator, 500 Startups alumni networks, and returning Chinese entrepreneurs who previously worked at U.S. tech companies. His profile as a prominent angel investor generates a significant volume of inbound seed-stage referrals.

The firm has historically invested in both U.S. and China-based startups, reflecting its cross-border thesis. Xue's personal portfolio includes U.S.-listed Chinese companies and U.S.-domiciled startups. However, the current balance of U.S. versus China exposure is not publicly disclosed and likely subject to prevailing CFIUS and Chinese capital-control regulations.

It operates as a venture capital firm, not a family office. While Charles Xue is the dominant figure, the entity makes third-party LP-backed investments rather than solely managing personal wealth. Its legal structure and LP base are not publicly detailed.

The firm concentrates on seed and Series A rounds, where Xue's angel background provides the most applicable expertise. The firm will selectively follow on in growth rounds for existing portfolio companies, but does not position itself as a growth-equity or late-stage vehicle.