# David Yuan (袁文达)
David Yuan (袁文达) is a Shanghai-based venture capitalist who joined Redpoint in 2005 and became a managing partner of its independent China arm, [Redpoint China Ventures](https://www.edgepedia.org/ace-redpoint-ventures-china), best known for early investments in APUS, the video app developer Yixia, and the mobile game publisher iDreamSky, and for appearing on the Forbes Midas List of top technology investors.[1](https://www.forbes.com/profile/david-yuan-1/) • [2](https://technode.com/2016/10/18/redpoint-ventures-china/) Forbes ranked him #76 on the 2018 Midas List, citing APUS as his notable deal.[1](https://www.forbes.com/profile/david-yuan-1/)
| Key fact | Detail |
|---|---|
| Role | Managing partner, Redpoint China Ventures; Director of the general partner of ACE Redpoint Ventures China I, L.P.[3](https://www.sec.gov/Archives/edgar/data/1686120/000168612016000001/0001686120-16-000001.txt) |
| Joined Redpoint | 2005[1](https://www.forbes.com/profile/david-yuan-1/) |
| Co-leaders of Redpoint China | Tony Wu and Reggie Zhang[2](https://technode.com/2016/10/18/redpoint-ventures-china/) |
| Notable investments | APUS, Yixia, iDreamSky, Renrenche[1](https://www.forbes.com/profile/david-yuan-1/) • [2](https://technode.com/2016/10/18/redpoint-ventures-china/) |
| Education | BS, Massachusetts Institute of Technology; MBA, MIT Sloan School of Management[1](https://www.forbes.com/profile/david-yuan-1/) |
| Prior career | Cofounder, Genesol Enterprise; cofounder and CEO, iTelco Communications[1](https://www.forbes.com/profile/david-yuan-1/) |
| Forbes Midas List | #76 (2018); listed residence Shanghai, citizenship United States[1](https://www.forbes.com/profile/david-yuan-1/) |
## Early career and education
Yuan holds a [Bachelor of Arts](https://www.edgepedia.org/bachelor-of-arts)/Science from the [Massachusetts Institute of Technology](https://www.edgepedia.org/massachusetts-institute-of-technology) and an MBA from MIT's Sloan School of Management.[1](https://www.forbes.com/profile/david-yuan-1/) Before becoming a venture capitalist he was an entrepreneur: Forbes's profile states that he cofounded Genesol Enterprise, a Chinese technology integration firm, and cofounded iTelco Communications, where he served as chief executive.[1](https://www.forbes.com/profile/david-yuan-1/)
## Career at Redpoint China Ventures
Yuan joined Redpoint in 2005 and built the firm's China presence.[1](https://www.forbes.com/profile/david-yuan-1/) In October 2016 the firm closed ACE Redpoint Ventures China I, L.P., a $180 million US-dollar fund for early-stage consumer and enterprise technology companies in China, led by Yuan together with Tony Wu and Reggie Zhang; the vehicle ran as an independent fund rather than a branch of the global Redpoint entity, a structure also reflected in the SEC Form D filing Yuan signed as Director of the general partner on 12 October 2016.[2](https://technode.com/2016/10/18/redpoint-ventures-china/) • [3](https://www.sec.gov/Archives/edgar/data/1686120/000168612016000001/0001686120-16-000001.txt) The filing names Wu and Zhang as the other executive officers of the GP.[3](https://www.sec.gov/Archives/edgar/data/1686120/000168612016000001/0001686120-16-000001.txt)
The fund planned roughly 25 investments averaging $1–4 million.[2](https://technode.com/2016/10/18/redpoint-ventures-china/) Redpoint later added a renminbi vehicle: AVCJ reported that Redpoint China Ventures closed its debut RMB fund at RMB700 million (about $110 million) after roughly six months in the market, raised from 10 institutional limited partners, about one-third from government guidance funds with the remainder from large domestic fund-of-funds.[4](https://www.avcj.com/avcj/official-record/3009159/fund-focus-redpoint-restates-its-local-credentials) Dual-currency reach was Yuan's stated rationale: "In today's China venture market, you really need to have two currencies to be regarded as a top contender," he told AVCJ, noting that sectors such as content creation and cybersecurity are limited to domestic investors.[4](https://www.avcj.com/avcj/official-record/3009159/fund-focus-redpoint-restates-its-local-credentials) At the time of that interview the firm had deployed about half its USD fund and 25% of the RMB fund, targeting TMT, consumer internet, enterprise software, AI, big data, and autonomous driving.[4](https://www.avcj.com/avcj/official-record/3009159/fund-focus-redpoint-restates-its-local-credentials)
## Notable investments and exits
By the time of the 2016 fund launch, Redpoint had invested in more than 35 companies in China since 2005, with over 90% of those investments at early stage, where it was often the founding or first institutional investor.[2](https://technode.com/2016/10/18/redpoint-ventures-china/) Named exits included [Qihoo 360](https://www.edgepedia.org/qihoo-360) (NYSE IPO), iDreamSky (Nasdaq IPO), Cgen Digital (acquired by Focus Media), and Domob (acquired by Blue Focus); portfolio companies cited alongside its later funds included Yixia, APUS, and [Renrenche](https://www.edgepedia.org/renrenche).[2](https://technode.com/2016/10/18/redpoint-ventures-china/)
Of these, APUS, which develops apps and user interfaces for Android phones, was the deal Forbes cited when ranking Yuan on the 2018 Midas List.[1](https://www.forbes.com/profile/david-yuan-1/)
## References
1. David Yuan — Forbes Midas List profile. https://www.forbes.com/profile/david-yuan-1/
2. Redpoint Ventures China Tech $180 Million Fund — TechNode. https://technode.com/2016/10/18/redpoint-ventures-china/
3. SEC Form D filing — ACE Redpoint Ventures China I, L.P. https://www.sec.gov/Archives/edgar/data/1686120/000168612016000001/0001686120-16-000001.txt
4. Fund focus: Redpoint restates its local credentials — AVCJ. https://www.avcj.com/avcj/official-record/3009159/fund-focus-redpoint-restates-its-local-credentials
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*Topic: Encyclopedia › Society and history › Economics and business › Founders, operators, and investors › Venture and growth investors › Greater China venture › 2000s firm partners › Titles symbols to K*
*Initially written Sep 17, 2026 · Reviewed: Sep 18, 2026 · Edited: Sep 18, 2026; Oct 11, 2026 · Last review: Sep 18, 2026*
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License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license