Born 1956. Co-founded New Oriental Education with Yu Minhong. Founded ZhenFund (Zhenge) 2011 — China's most famous angel fund. Philosophy: invest in dreamers, people over ideas. Invested 1000+ early-stage companies. NOW SEMI-RETIRED: handed day-to-day management to Fang Aizhi (CEO) and Dai Yusen (Managing Partner) around 2021. Still involved in macro strategy and exit decisions. China VC's first-ever founder succession.