Ruby Lu, Co founder and General Partner at venture capital firm DCM China has joined H Capital, a China-focused venture capital firm founded by Tiger Global Management LLC‘s former China managing partner Chen Xiaohong, said a China Money Network report, quoting Lu’s Wechat messages reported by Chinese media.
H Capital, which was founded in 2002, has invested in many Chinese tech start-ups, including 17zuoye.com, image tagging and sharing app Nice, diaper and baby formula e-commerce platform Miyabaobei.com, Koudai Gouwu and Meitu Xiuxiu, as per the report.
Chen Xiaohong joined Tiger Global Management, LLC in September 2004 and left in 2012 to join H Capital.
Prior to joining DCM, Ruby was a Vice President in the Technology, Media and Telecom Investment Banking Group of Goldman Sachs.
According to information on the DCM website, Lu has raised over $30 billion in financing for technology and telecom companies.
During her stint at DCM, she sourced and led investments in VanceInfo, which later merged with HiSoft to create Pactera, as well as BitAuto and Dangdang.
She also serves as independent director of Chinese health check up clinic chain Aikang and and mobile gaming firm DreamSky.