At first glance, the investment strategy of veteran private equity manager Cynthia Zhang appears risky. As founder of recently launched private equity firm FutureX Capital, Zhang plans to make mid-to-late stage investments in promising Chinese tech stars, whose valuations are perhaps the highest in the world. China is home to 137 unicorns, or private companies valued at US$1 billion or more, boasting a combined valuation of US$659 billion. It’s a conccentration  far greater than in any other nation, including the …

Cynthia Zhang: Toutiao Easily Worth More Than Tech Giant Baidu appeared first on China Money Network.