Linping Hu

Linping Hu is a Co-Founding Partner of Zhengxuan Investment (正轩投资, "ZX Holdings"), a Shenzhen-based investment firm established in June 2003. The firm's largest shareholder and chairman is Xia Zuoquan (夏佐全), one of the three co-founders of BYD, and it has become known as one of China's most successful early-stage technology investors — managing over RMB 10 billion in assets and reporting 5+ portfolio IPOs against average returns cited at more than 10x. Zhengxuan invests across advanced manufacturing, AI and robotics, aerospace, chip design, biotech/gene sequencing, new energy and new materials.

Before entering investment, Hu built a long operating career in technology. He joined Huawei in 1996, where he served as head (部长) of the Data Business Department and later head of the Business Software Global Network Design Department. From 2012 to 2015 he was Managing Director in charge of investment at Shenzhen Lihe Huarui Equity Investment Fund Management Co. (深圳力合华睿股权投资基金管理有限公司), before helping build out Zhengxuan's investment platform.

On the education side, Hu holds a bachelor's degree from the Department of Radio Engineering at Southeast University (东南大学无线电系) and a Master of Finance (FMBA) from the joint Chinese University of Hong Kong – Tsinghua University program.

He is a public voice on early-stage technology investing in China, having given talks such as "The Venture Logic Behind Unicorns" (独角兽背后的创投逻辑), reflecting Zhengxuan's track record of catching high-growth technology "unicorns" at an early stage.

• Backs high-tech, innovative companies at the angel/seed and early stages, then continues to support them into growth rounds; portfolio companies span Pre-A through D rounds.
• Sector conviction in advanced manufacturing, AI & robotics, semiconductors/chip design, aerospace, new energy, new materials, and gene sequencing/biotech — the "hard-tech" and strategic-emerging-industry themes prioritized in Shenzhen.
• Firm's self-described investment style/values: 创造、专业、共赢、友好 — "creative, professional, win-win, friendly."
• Emphasis on catching category-defining technology companies early — Zhengxuan famously entered robotics unicorn UBTech as an angel investor at a ~RMB 36 million valuation, an outcome held up internally as a classic case.
• Runs dedicated seed-stage capital: co-established the Gaoxintou-Zhengxuan Angel Fund (2019, first phase RMB 200 million, 10-year term) targeting angel-round startups in Shenzhen's strategic emerging industries.