I am a Managing Director at Qiming Venture Partners in Beijing. I am looking for a full-time MBA intern to work with me on my annual Consumer Internet roadmap for 8 weeks during the summer.
On Qiming Venture Partners:
We are an early stage venture capital firm that focuses on China. We have approximately US$1 billion from 3 funds under management. Our LPs are mostly leading universities and endowments in the US. We have made over 70 investments, all of which are either headquartered in China or treat China as their primary market. We have 4 industry teams spanning internet/consumer services, healthcare, IT, and cleantech, covered by 9 deal-makers and just as many investment professionals. We are affiliated with Ignition Partners in Seattle, and have our own offices in Shanghai, Beijing and Hong Kong. URLs: www.qimingvc.com
Every summer I work with a couple capable summer associates and analysts to systematically examine new developments in the Consumer Internet space in the US over the last 12 months, as well as to explore potential lessons and adaptations for the Chinese market. Such interns are based in Beijing, China, for roughly 8 weeks from late May/early June to end of July/early August.
Interested students should email their 1 page resume to me at email@example.com.
Cover letters are optional and not required.
Nature of this Beijing-based Summer Project:
At a high level, I am intrigued by the convergence of ecommerce, local commerce, online social networks, online gaming, mobile internet (over smartphones) and open platforms. I believe mobile devices will replace notebook PCs in 10 years, photos and videos are more powerful than text for GenY, and open platforms enable massive data analytics and UE to levels unimaginable before. I am also fascinated by sociological factors that help to favor one business model over another in addressing particular user needs, some of which are common across cultures and countries vs. others who are not.
This project offers interaction with product managers and executives at Qiming portfolio companies where I am a Board member of:
- in Beijing: Xiaomi Mobile (小米手机), VANCL (凡客诚品), Leho (爱乐活) which is affiliated with Baidu (百度), and Kaixin001 (开心网), which is affiliated with Tencent (腾讯);
- in Shanghai: 51Fanli (返利网) and eHi Car Rental (一嗨租车）in Shanghai,
- additionally, managers from SINA Microblogs (新浪微博) and another Qiming portfolio Dianping （大众点评网）also participate.
VANCL (凡客诚品) and Xiaomi Mobile (小米手机) are amongst top 5 e-commerce companies in China. Xiaomi is the hottest selling Android phone in China right now. At the risk of over-simplification, Baidu is China’s Google; Tencent is China’s Facebook + EA. eHi Car Rental is China’s Enterprise Car Rental + Boston Coach + Zipcar. Dianping （大众点评网）is China’s Yelp + Foursquare + Groupon. Sina Microblog (新浪微博) is China’s Twitter and more. Kaixin001 (开心网) is amongst China’s leading social game platforms.
Preferred Candidate Background:
Relevant work experience, and/or strong interest (as an active user), in online social networks like Facebook and Twitter, mobile internet (either iPhone or Android phones), FMCG, e-coupons, and/or e-recommendations are required. Fluency in Mandarin Chinese (speaking, reading and/or writing) is a major plus and strongly preferred. Knowledge of (or interest in) either the Japanese or the Korean internet and mobile markets is a plus, but not required. No prior VCPE experience is required. We will work with non-Chinese national on visa entry and work authorization.
Managing Director, Qiming Venture Partners
China World Tower 1 #2413
Beijing, China 100004