Richard is responsible for steering investment strategies of Genesis Capital. Prior to founding Genesis, Richard was previously the Head of Investment and Corporate Vice President of Tencent from year 2008 to 2015. During his tenure at Tencent, Richard was in charge of all investment and M&A activities across the company and led investments in hundreds of Internet companies globally. Signature deals include Didi Chuxing, Dianping, JD.com, Cheetah Mobile and Youxinpai, etc.
Prior to Tencent, Richard was a Principal of Google corporate development team responsible for its M&A activities in the Greater China region. Richard was one of the earliest employees of Google China and was instrumental in building Google China’s reseller program, one of the two major sales channels for Google Adwords in China.
Prior to Google, Richard worked with different well regarded organizations, including Samsung Group and Shanghai Stock Exchange.
Richard holds a B.E. in Mechanical Engineering from Tsinghua University, a M.S. in Economics from Peking University and an MBA from the Wharton Business School of the University of Pennsylvania.
Genesis Capital invests in the growth of China’s economy. We take an entrepreneurial approach to invest in top teams and companies that leverage information technology to improve efficiency for consumers, and for businesses. We partner with our portfolio companies to manage growth, attract talent, drive excellence and continuous innovation to become no.1 in their industries.
Genesis was established in 2015 by Richard Peng, who previously built and led Tencent’s investment team and portfolio, and Kurt Xu, who previously held senior positions across operations, strategy, and investment at Tencent. The founding team has invested over USD15 Bn in 300+ technology and internet companies globally, and bring decades of investment and operations to our portfolio companies.
The Genesis team consists of seasoned investment professionals with diverse industry experience, senior research experts, dedicated specialists in data science, financial/legal due diligence and talent management, led by a senior team with an average of 19+ years of relevant experience.
SELECT Historical Investments*
*Select investments led by Genesis Capital partners prior to founding Genesis Capital.