ZhenFund is a seed fund founded by Xu Xiaoping (Bob) and Wang Qiang (Victor), co-founders of New Oriental Education & Technology Group (NYSE: EDU), along with Sequoia Capital China. ZhenFund focuses on seed stage investments in TMT sectors such as the internet of things, mobile, gaming, enterprise, O2O, e-commerce as well as education. Some of ZhenFund companies include Jiayuan (Nasdaq: DATE), Lightinthebox (Nasdaq: LITB), Jumei (NYSE: JMEI), 17zuoye, Meilele, Zhaogang, Dayima, and 51talk. Xu Xiaoping (Bob Xu), who lead the investment at LTG, is one of China's foremost angel investors and founder of ZhenFund. Prior to founding ZhenFund, Xu Xiaoping was a co-founder and the former Vice Chairman of New Oriental Education & Technology Group (NYSE: EDU), the largest provider of private education in China.