[April 16, 2007] Granite Global Ventures Strengthens Positions in China and the U.S. with Appointments of Two Partners Tweet MENLO PARK, Calif., SHANGHAI, China, April 16 /PRNewswire/ -- Granite Global Ventures (GGV), a leader in expansion-stage venture capital investments in the U.S. and China, announced today the appointment of two partners. Helen Wong, based in Shanghai, is being promoted from her role as a principal with GGV. JC Huang, based in Menlo Park, joins GGV from his position as a managing partner at RTC Partners, a strategic advisory firm serving select telecom industry clients. Helen Wong, who joined Granite Global Ventures as part of the founding team in 2000, has 12 years of proven banking and investment experience in the U.S. and Asia. Helen has led or co-manages GGV's investments in BCD Semiconductor, BlogCn, Bridge Pharmaceuticals, Chamate, Panorama Stock, Skystream (acquired by Tandberg), and Tudou. She also advises several U.S. companies on their China strategies. Helen was selected as the first international Kauffman Fellow, a fellowship sponsored by the Kauffman Center for Entrepreneurial Leadership. Prior to GGV, she worked in the investment banking sector for five years. "Helen plays a strong, visible role in driving the success of our expansion-stage investment strategy across the U.S. and China," said Jixun Foo, managing partner of Granite Global Ventures. "With her promotion to partner, Helen is well positioned to extend her contributions in growing GGV's diversified, global portfolio of innovative companies and creating long-term value for our investors." JC Huang has built a career around innovation and growth with more than 25 years' experience in the venture capital, telecom, semiconductor and high-tech sectors. Prior to joining GGV in April 2007, JC was the managing partner of RTC Partners. He also has served as chief technology, strategy and corporate development officer of Andrew Corporation, a global leader in communications solutions; general partner at Ericsson Venture Partners; and partner at Lucent New Ventures Group. In his six years as a venture capitalist, he co-founded, funded and/or served on the board of many start-ups, including Flarion (acquired by Qualcomm), Vallent (acquired by IBM), and Celiant (acquired by Andrew). Earlier in his business career, JC was a management consultant with McKinsey & Co and worked in investment banking at CS First Boston. Until the early '90s, JC was a physicist and electrical engineer, developing advanced technologies for the communications industry, including Westinghouse, Alpha Industries (now Skyworks) and Raytheon Company. "JC brings extensive operational and investment experience to GGV along with deep expertise in technology sectors that represent significant investment opportunities for us," said Scott Bonham, managing partner and co- founder of Granite Global Ventures. "We are excited to have JC on the team. He will play a strategic role in contributing to the growth and success of our expansion-stage portfolio companies." About Granite Global Ventures Granite Global Ventures is a leader in expansion-stage venture capital investments in the United States and Asia. Focused on expanding global innovation, GGV's highly diverse team manages over $800 million from its offices in Silicon Valley, Shanghai, and Singapore. The firm invests across a range of sectors: software, new media, computing, networking, services and healthcare, as well as emerging industry sectors in Asia. GGV has provided capital and helped accelerate international business development for its worldwide portfolio of high-growth companies, particularly in the U.S. and China. GGV's portfolio includes Alibaba.com (combined with Yahoo!), AAC Acoustics (HKSE:2018), Biosensors (B20.SI), ChinaCars, Glu Mobile, HiSoft, Inside Contactless, Isilon Systems, and SuccessFactors. Recent exits include Netli (acquired by Akamai), Sirna Therapeutics (acquired by Merck), Qpass (acquired by Amdocs), Xfire (acquired by Viacom), P-Cube (acquired by Cisco), and Netscaler (acquired by Citrix). The total market value of GGV's exits since the firm's formation in 2000 now exceeds $7 billion. For more information, please visit http://www.ggvc.com/ . Further Information Granite Global Ventures - U.S. Granite Global Ventures - China Stephen Hyndman Jenny Lee +1 650 475 2150 + 86 21 5467 0266 [email protected] [email protected] Press/Analyst Inquiries Kinetic.PR for GGV U.S. Lewis PR for GGV China Rebecca Hurst Sandy Wu +1 650 679 9282 + 86 21 6103 1204 [email protected] [email protected] Granite Global Ventures CONTACT: Stephen Hyndman, Granite Global Ventures - U.S.,+1-650-475-2150, or [email protected] ; or Jenny Lee, Granite Global Ventures- China, + 86 21 5467 0266, or [email protected] ; or Press-Analyst Inquiries,Rebecca Hurst, Kinetic.PR for GGV U.S., +1-650-679-9282, [email protected] ; or Sandy Wu, Lewis PR for GGV China,+ 86 21 6103 1204, or [email protected] Web site: http://www.ggvc.com/ [ Back To TMCnet.com's Homepage ]