• October 26, 2022

Ray Dalio, Founder of Bridgewater, shares his insights on global economy, investments, and entrepreneurship with a delegation of CEOs from China led by M31 Capital   Renowned billionaire investor and Bridgewater Founder, Ray Dalio recently engaged in a 90-minute private discussion with young Chinese entrepreneurs. The invitation came from Patrick Zhong, the Founding Managing Partner of M31 Capital. During the discussion, the group explored the global financial landscape, investment strategies, and entrepreneurial spirit. Dalio emphasized the importance of geographical diversification for investors and entrepreneurs. To illustrate his point, he quoted an ancient Chinese saying that suggests “good rabbits dig three holes.” Entrepreneurs, in p...

• June 19, 2021

After two years of struggling to raise money, Chinese start-ups are seeing interest from venture capitalists pick up again, as the boom in the US crosses over the pacific. “The capital winter is over, competition for deals is fierce,” said Ming Liao of Prospect Avenue Capital. “You need to bring something to the table more than just cash to get into deals now.” The number of venture deals in China rose 56 per cent in the first quarter from a year earlier, the fourth consecutive quarter of rising activity, as start-ups pulled in Rmb354bn ($55bn) in investment, according to data provider ITjuzi. Buoyant public markets and a flood of foreign money have helped. Tencent, the most active investor, cashed in some gains as its listed investment portfolio tripled...

• May 7, 2021

Global Counsel held a one-hour panel on May 6th to discuss investing trends in a post-covid era. This session brought together senior investment professionals across three continents to reflect on the critical issues shaping investment post-covid. Under the moderation of Global Counsel Adviser Ying Staton, Patrick Zhong (Founding Managing Partner, M31 Capital), Philipp Freise (Partner and Co-Head Private Equity, KKR Europe) and David Singer (Managing Partner, Maverick Ventures) exchanged insights on the impact of Covid, markets, ESG and politics, respectively from the perspective of Asia, Europe and the US. More than 100 influential policymakers, corporates, institutional investors, family offices and journalists have joined this panel.   Here are som...

• February 24, 2021

On February 23, Patrick Zhong, Founding Managing Partner of M31 Capital, was interviewed by Bloomberg News in the “Bloomberg Markets: China Open” section，during which he shared views on early-stage investment in the technology sector and M31 Capital’s investment strategy. Below is the complete transcript of the interview. Q: In terms of valuations then, is this the turning point for the tech sector? A: Tom, good to be with you and I have been around for a little while, having gone through a couple of cycles in my life. Normally, with a typical cycle, it will run through its full course within about 10 years. This time is so extraordinary and there is so much liquidity being injected into the system. This morning, Ray Dalio wrote a piece,...

• February 1, 2020

“Media is ultimately entertainment.” Rolf Dobelli had this line, and it has long echoed with me. Patrick Zhong Founding Managing Partner M31 Capital My job as an investor is to stay contrarian and to think beyond the scope of news coverage, as entertaining as news has become. So unlike Dobelli, I am constantly observing the news. And even in a global world, news remains local in its impact and relevance. If you live in Shanghai, you wonder whether US-China trade tensions will continue to escalate. If you live in London, the debate over Brexit occupies your mind. If you live in Seoul, you are losing hope in the economy, and a prospective fight with Japan adds to your anxiety. If you live in Mumbai, you are glued to the TV watching the army march into Kashmir...

• November 1, 2019

The high-profile FII Conference was recently held in Riyadh, Saudi Arabia. The conference, held by the crown prince of Saudi Arabia, attracting more than 6,000 world leaders from over 30 countries in Riyadh. Three days of immersive discussions focused on hot issues in the global investment community. Patrick Zhong, the Founding Managing Partner of M31 Capital was invited to address in the forum themed by “Searching for companies: Are private equity deals drying up?”. As an international platform led by professionals for debate among global leaders, investors and innovators. FII is committed to the realization of innovative and disruptive technologies through investment-driven growth and addressing global challenges, which is called Davos in the Desert. More...