• Hesong Tang

    Founding Partner

    Mr. Hesong Tang was the former Vice President of Baidu and fully in charge of strategic M&A and investments. Mr. Tang led several landscape changing deals in China internet industry such as Baidu’s acquisition of 91 Wireless ($1.9B), controlling investment into Qunar ($306mm) , investment into iQiyi, acquisition of PPS($370mm), and acquisition of Nuomi, etc. Prior to Baidu, Mr. Tang was the Director of Strategic Investment at Microsoft Greater China. He also worked at Cisco, Applied Matierals, etc. Mr. Tang teaches MBA course at Tsinghua University and is also the Academic Advisor for Master students at Wudaokou Financial Institute of Tsinghua University. Mr. Tang holds BS and MS degrees in engineering from Tsinghua University, MBA degree from the University of Chicago, and MPA from Harvard Kennedy School.

  • Maggie

    Co-Founding Partner

    Maggie Yang is the Co-Founding Partner of Xiang He Capital.She mainly focuses on the opportunities of internet and mobile internet’s penetration into traditional industries, such as online education, logistics, online medical, B2B; consumption upgrade and culture, entertainment and content sectors.
    Maggie used to be an Executive Director at investment department of Baidu Inc. From 2010 to 2015, she worked with Mr. Tang on a number of milestone transactions such as acquisition of 91 Wireless, investment into iQiyi, acquisition of PPS, etc; she also led and completed Baidu’s investments in Kuaishou, Youxin and Lianjia, etc. Before joining Baidu, Maggie worked at Ernst & Young for 8 years, with 4 years at Audit and another 4 years at Transaction Advisory Services department, helping private equity and multinational corporations with their investments and M&A in China.
    Maggie received her bachelor degree from the University of Hong Kong in business administration. She is a CPA and CFA Charterholder.

  • Freeman Ding


    Freeman Ding joined Xiang He Capital as a founding team member in 2016.  His current focuses include logistics industry, enterprise services & SaaS, artificial intelligence and Internet of Things.

    Before joining Xiang He, Mr. Ding was the Director of Corporate Development at Dianping.com from 2014 to 2016, overseeing strategic investments and M&A of Dianping.  He led a number of Dianping's investments such as to Eleme, WiWide and Meican etc.  Prior to Dianping, Mr. Ding was a Senior Manager in Baidu's Corporate Development team from 2011 to 2014, where he worked together with Mr. Hesong Tang and Ms. Maggie Yang on cases such as 91 wireless and Dianxin.  Mr. Ding's early career include software R&D, product management, pre-sales and post-sales support in telecommunication and enterprise software industry in China.

    Mr. Ding received his MBA degree from Haas School of Business at University of California, Berkeley, and his Master degree in Computer Engineering and Bachelor degree in Communication Engineering from Shanghai Jiao Tong University.

  • Kun Wang

    Vice President

    Kun Wang joined Xiang He Capital as a founding member in early 2016. He is responsible of investment opportunities in AI technology, as well as industry of B2B and online education.
    Kun worked as senior associate at SAIF from 2015 to 2016 and concentrated on opportunities in SaaS. Prior to joining SAIF, Kun worked at investment department of Baidu Inc. for 3 years, where he was responsible for seeking investment opportunities in mobile internet tool, game content and new technology. The projects he was involved include acquisition of ES, Linekong and Blipay. Prior to joining investment department, Kun was a software engineer at Commerce Search Department of Baidu Inc.
    Kun Wang received his bachelor degree of computer science and technology from Peking University and his MBA from School of Economics and Management, Tsinghua University.

  • Xue Dong

    Vice President

    Xue Dong joined Xiang He Capital in June 2016, focusing on industry of fintech, logistics, consumption upgrade, entertainment and content. Prior to joining Xiang He, Xue Dong worked at investment department of Baidu Inc. from 2010 to 2015, where she leads and participated in acquisition of Nuomi, investment into HaoDaiFu, Yoka, etc. From 2015 to 2016, Xue Dong worked at investment department of Xiaomi as senior investment manager, where she leads and participated in investment into Memedai, Tiger Security, etc. Xue Dong received her master degree of Communication and Information Engineering, bachelor of Electronic Engineering from Tsinghua University, and a bachelor degree of Economics from Peking University.

  • Hao Li


    Hao joined Xiang He as associate in May 2017, and currently focus on healthcare, education, within TMT industry as well as investment opportunities emerging in and AI consumption upgrade sectors.
    Prior to joining Xiang He, Hao worked as senior analyst at BDA, an investment consultancy firm mainly conducting industry scan and company fundamental studies for VC/PE/hedge funds.
    Hao obtained her bachelor degree in economics and finance from Tsinghua University and master degree in accounting and finance from London School of Economics and Political Science.

  • Dr. Kai Xiang


    Dr. Kai Xiang joined Xiang He Capital in January 2018, mainly covering AI, Big Data enabled opportunities but also interested in enterprise service, online education as well as advanced technologies. Prior to joining Xiang He, Dr. Kai Xiang conducted research on advanced energy storage technologies at Massachusetts Institute of Technology from 2011 to 2018, during which he had also worked as a summer consultant at Boston Consulting Group and as a part-time associate at MNL Partners. Dr. Kai Xiang obtained his BEng in Materials Science and BA in Economics from Tsinghua University in 2011 and obtained his PhD in Materials Engineering from Massachusetts Institute of Technology in 2018.

  • Ruijia Shi


    Ruijia Shi joined Xiang He Capital in early 2017. He is responsible of investment opportunities in SaaS, E-commerce and consumer sectors.
    Before joining Xiang He, Ruijia worked as intern at FreeS VC from 2015 to 2016 focusing on SAAS and B2B sectors.
    Ruijia Shi received bachelor degree of economics and master degree of finance from Tsinghua University.