Mr. Xu is the Founder of ZhenFund. He is also known as one of the China’s pioneering angel investors, with distinctions from The Founder Magazine as “2010 Most Respected Angel Investor”, “2011 Angel Investor of the Year”, “2012 Best Angel Fund in China” and “2013 Best Angel investor in China.” He was also named to Forbes Midas List, the world’s top 100 venture capitalists ranking, for 5 consecutive years since 2016, and was ranked No.24 in 2020.

Prior to founding ZhenFund, Mr. Xu co-founded China’s largest private English training and test preparation group, New Oriental Education & Technology Group (NYSE:EDU) , along with Michael Yu and Victor Wang. Their startup story was featured in the Chinese movie “American Dreams in China,” the No.3 box office hit in China for 2013. Mr.Xu is highly regarded among college students and considered a legendary figure by millions of young Chinese students studying abroad who were influenced by his writing, teaching, and speeches.

In 2006, China Southern People’s Weekly voted Mr. Xu to be one of China’s “50 Most Charismatic People” and in 2004, Forbes Magazine listed Mr. Xu as one of China’s “Top 100 Celebrities.”