Lu Wang Joins General Atlantic as Operating Partner
14 Octubre 2019 - 5:00PM
Business Wire
Brings two decades of experience in internet
and technology sectors in China
General Atlantic, a leading
global growth equity firm, today announced that Lu Wang has joined
the firm as an Operating Partner. Based in Beijing, Mr. Wang will
provide strategic counsel to the firm’s investment team and
portfolio companies through his significant operational expertise
spanning the internet, e-commerce, digital and technology sectors
in China.
Mr. Wang joins General
Atlantic from Baidu, Inc., where he served as Vice President and
oversaw the company’s strategic partnerships, marketing, public
relations and government relations functions. Prior to his tenure
at Baidu, Mr. Wang was President and Chief Executive Officer at
Walmart Global eCommerce in Asia, the company’s second-largest
global e-commerce market. In this role, Mr. Wang led Walmart’s
strategic investment in JD.com, acquisition of e-commerce platform
Yihaodian and subsequent integration of the two companies. He also
previously held executive leadership positions at CBS Interactive
and Ziff Davis in Asia.
Eric Zhang, Managing Director
and Head of General Atlantic’s business in China, said, “Lu’s
talent as a leader, strong network within the domestic and global
tech industries, and deep knowledge of the landscape make him a
tremendous asset. We believe he will bring valuable operational
experience to our partners, including talent development, corporate
M&A and integration, and government and public affairs
expertise. We are excited to welcome him to the team.”
“General Atlantic has a
long-term track record of partnering with entrepreneurs in China to
build and scale their businesses locally and around the world,”
said Mr. Wang. “I look forward to partnering with the firm’s
network of CEOs, alongside GA’s investment team, to position our
portfolio companies for continued success and growth.”
General Atlantic has invested
$3.7 billion in China since it entered the country in 2000. The
firm currently has 18 portfolio companies in China across three
offices in Beijing, Hong Kong and Shanghai.
“Lu brings two decades of
expertise in a fast-paced industry and complex region,” continued
Bill Ford, Chief Executive Officer of General Atlantic. “As China
continues to drive global innovation and growth, we are thrilled to
bring him on board to serve as a strategic partner to our portfolio
companies.”
Mr. Wang sits on several
boards, including China Unicom, IQIYI and AiBank. He earned his
Bachelor’s degree from Beijing Union University and EMBA degree
from Peking University.
Drawing from nearly 40 years of experience investing in over 350
global growth companies, General Atlantic partners with
entrepreneurs and management teams who are building leading,
high-growth businesses. The firm has approximately $35 billion
assets under management as of June 30, 2019. General Atlantic
focuses on investments across four sectors, including Consumer,
Financial Services, Healthcare and Technology, with support from
the firm’s global team of experts.
About General Atlantic
General Atlantic is a leading global growth equity firm
providing capital and strategic support for growth companies.
Established in 1980, General Atlantic combines a collaborative
global approach, sector specific expertise, a long-term investment
horizon and a deep understanding of growth drivers to partner with
great entrepreneurs and management teams to build exceptional
businesses worldwide. General Atlantic has more than 150 investment
professionals based in New York, Amsterdam, Beijing, Greenwich,
Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto,
São Paulo, Shanghai, and Singapore. For more information on General
Atlantic, please visit the website: www.generalatlantic.com.
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Media Contacts Mary Armstrong & Emily Japlon General
Atlantic media@generalatlantic.com