Business

Former Kingsoft CEO Joins VC Firm

Former Kingsoft CEO Zhang Hongjiang has joined venture capital firm Source Code.

Zhang had been the chief executive officer at Kingsoft since he joined the company in 2011. Prior to Kingsoft, he served as the chief technology officer of Microsoft Asia-Pacific Research and Development Group, and founded Microsoft Advanced Technology Center in 2003.

From 1999 to 2003, he worked as the assistant managing director at Microsoft Research Asia, where he was responsible for data mining and search, media computing, natural language process and distributed systems research areas and patent portfolio and technology transfer.

Founded in 2014, Source Code focuses on the early investment opportunities in the telecom, media and technology industry. It currently has US$500 million and RMB1.5 billion under management.

Its anchor investors include Meituan's founder and CEO Wang Xing, as well Toutiao's founder and CEO Zhang Yiming.

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