Chinese venture capitalist (born 1968)
Eric Xun Li
李世默
Li in 2019
Born Li Shimo
(1968-05-04 ) May 4, 1968 (age 57) [ 1] Alma mater Occupations Venture capitalist, political scientist Chinese name Chinese 李世默
Eric Xun Li ,[ 2] bornLi Shimo (Chinese :李世默 ; born May 4, 1968),[ 1] is a Chineseventure capitalist and political scientist. He founded the Chinese nationalist news siteGuancha.cn (观察者网 ),[ 3] [ 4] and is a member of the board of directors at theChina Europe International Business School ,[ 5] as well as a trustee of the China Institute atFudan University .[ 6] Li has several opinion pieces published inWestern media outlets where he criticizesliberal democracy and praises what he calls the "Chinese meritocratic system" and the Chinese political leadership.
Early life and education [ edit ] Li was born inShanghai and raised by his grandmother, while his parents worked as academics in Beijing.[ 7] He went to the United States for higher education in the late 1980s. He received his BA in economics from theUniversity of California, Berkeley , and an MBA from theGraduate School of Business atStanford University . He later received a PhD in political science fromFudan University .[ 8]
In 2000, Eric Li returned to China and established Chengwei Capital, an evergreen venture capital fund headquartered in Shanghai. With a cumulative total investment exceeding $2 billion U.S. dollars, the firm has invested in over 100 companies across various sectors such as communication software, enterprise software, financial services, IC design, niche component manufacturing, healthcare, and media.[ 9] [ 10] Its top investments includeSunny Optical Technology ,AAC Technologies ,Sungrow Power Supply ,Hanting Hotel ,Youku ,China Renaissance , AInnovation, andRoivant Sciences . Its current investment portfolio also includes a number of unicorns, among them,Hellobike ,WM Motor , Baibu, XAG,Sila Nanotechnologies , andStarFive . He serves as a member of the board of directors of the RISC-V International Association.[ 11]
Li is the founder ofGuancha.cn , a digital news platform.[ 12] Zihao Chen ofUniversity College London viewed the site as an online entity with "very conservative political attitudes".[ 13]
In anop-ed he wrote forThe New York Times in 2012, he said that China needed a different development framework around a different idea of modernity.[ 14]
In a 2012 op-ed and a 2013TED Talk , Li advocated for China's one-party state on the grounds of "pluralism", saying that China has prospered under a "meritocratic system" and alleviated poverty without elections, and that its system is superior to Western democracy in several respects.[ 15] [ 16] [ 17] Some commentators have deemed Li's talk to be pro-China propaganda spread on a Western platform, using Western-style arguments and flexible rhetorics.[ 17] [ 18]
In a 2018 opinion piece he wrote forThe Washington Post , Li argued it was "a good thing" thatGeneral Secretary of the Chinese Communist Party andparamount leader Xi Jinping abolished histwo-term limits for governing the country.[ 19] In a 2020 op-ed he wrote forForeign Policy , Li said that Xi is a "good emperor".[ 20]
In a 2020 interview withDavid Barboza , Eric Li described the China Policy of theTrump administration as an "irrational rivalry".[ 21]
In a 2021 opinion piece he wrote forThe Economist , Li criticized liberal democracy in favor of the "current Chinese government" (which he described as a different form of democracy).[ 22]
Li also serves on the board of directors ofChina Europe International Business School (CEIBS), the board of Stanford University's Graduate School of Business and the Freeman Spogli Institute (FSI). He is a trustee of Fudan University's China Institute, a trustee of theBerkeley Art Museum and Pacific Film Archive of the University of California, Berkeley, a trustee of theSan Francisco Symphony , a trustee of Asia Society Hong Kong, a member of the international board of theNew York Philharmonic , a member of the Council of theInternational Institute for Strategic Studies (IISS), which organizes the annualShangri-La Dialogue .[ 23] [ 24] [ 25] [ 26] [ 6]
Party Life: Chinese Governance and the World Beyond Liberalism. Palgrave Macmillan Singapore. 2023.[ 27] Party of the Century ,Foreign Affairs , Oct 26, 2022The CCP’s Greatest Strength Is “Self-Reinvention” ,Foreign Policy , July 2, 2021Why Xi’s Lifting of Term Limits is a Good Thing ,The Washington Post , Apr 2, 2018.Under Xi, a Chinese renaissance is assured, contrary to what the West believes ,South China Morning Post , Nov 1, 2017Watching American Democracy in China ,Foreign Affairs , Apr 19, 2016Why China’s Political Model Is Superior ,The New York Times , Oct 6, 2014^a b Eng, Karen Frances (June 13, 2013)."A tale of two systems: Eric X. Li at TEDGlobal 2013" .TED Blog . RetrievedFebruary 4, 2022 . ^a b "OneSmart International Education Group Limited" .Securities and Exchange Commission . December 31, 2019. RetrievedJuly 6, 2021 .^ Shepherd, Christian (October 4, 2020)."China rolls out experimental Covid vaccine as it eyes global market" .Financial Times .Archived from the original on September 13, 2021. ^ de Sá, Nelson (June 27, 2021)."China can do what it says to be strong, Lula tells Guancha" .The Sentinel .Kennesaw State University . RetrievedDecember 10, 2021 . ^ "Eric X. Li" .TED.com . RetrievedSeptember 13, 2021 .^a b 中国研究院理事会 [China Institute Board of Trustees].cifu.fudan.edu.cn (in Chinese). Fudan University. Archived fromthe original on February 6, 2017. RetrievedJune 26, 2018 .^ "An International Spokesman for Chinese Nationalism" .^ Rachman, Gideon (February 7, 2020)."Eric Li: 'How do you block a country of 1.4bn people?' " .Financial Times . RetrievedDecember 10, 2021 .^ Mitchell, Gareth (December 21, 2021)."TandemAI Announces $25 million Seed & Pre-series A Financing led by OrbiMed and Chengwei Capital" .TandemAI . RetrievedMarch 30, 2023 . ^ "Chengwei Capital - Wiki" .Golden . RetrievedMarch 30, 2023 .^ "Board of Directors – RISC-V International" . RetrievedMarch 30, 2023 .^ "Eric Li" .agln.aspeninstitute.org .Aspen Institute . RetrievedDecember 10, 2021 .^ Chen, Zihao (2021)."The Populism Expression of Chinese Social Media During Coronavirus Pandemic: A Case Study on FangFang's 'Wuhan Diary' Under Her Weibo Account" .Proceedings of the 2021 5th International Seminar on Education, Management and Social Sciences (ISEMSS 2021) . Advances in Social Science, Education and Humanities Research. Vol. 571.University College London . p. 325.doi :10.2991/assehr.k.210806.060 .ISBN 978-94-6239-414-8 .S2CID 237510566 . {{cite book }}: CS1 maint: location missing publisher (link )^ Li, Eric X. (February 16, 2012)."Opinion | Why China's Political Model Is Superior" .The New York Times . RetrievedDecember 10, 2021 . ^ Bell, Daniel ; Li, Eric (November 12, 2012)."In defence of how China picks its leaders" .Financial Times . RetrievedDecember 10, 2021 .^ "Eric X. Li: A tale of two political systems" .TED.com . June 2013. RetrievedDecember 10, 2021 .^a b Carlson, Benjamin (August 9, 2013)."The TED talk as propaganda vehicle" .MinnPost . RetrievedFebruary 22, 2022 . ^ Luqiu, L.R. (2018).Propaganda, Media, and Nationalism in Mainland China and Hong Kong . Lexington Books. p. 11.ISBN 978-1-4985-7315-3 . RetrievedFebruary 22, 2022 . ^ Li, Eric X. (April 2, 2018)."Opinion | Why Xi's lifting of term limits is a good thing" .The Washington Post . Archived fromthe original on May 30, 2020. RetrievedDecember 7, 2021 . ^ Li, Eric (May 14, 2020)."Xi Jinping Is a 'Good Emperor' " .Foreign Policy . RetrievedJuly 23, 2021 . ^ Barboza, David (November 16, 2020)."Eric X. Li on China's Success, America's Failure and the Irrational Rivalry" .The Wire China . ^ "Eric Li on the failure of liberal democracy and the rise of China's way" .The Economist . December 8, 2021. Archived fromthe original on February 21, 2022. RetrievedDecember 9, 2021 .^ "Eric X. Li" .IISS.org .International Institute for Strategic Studies . Archived fromthe original on April 28, 2014. RetrievedDecember 22, 2016 .^ Caryl, Christian (October 15, 2014)."Sorry, Eric X. Li, Democracy Is Not the Problem" .Foreign Policy . RetrievedDecember 22, 2016 .^ Carlson, Benjamin (August 11, 2013)."When a TED talk is a propaganda tool" .Salon.com . RetrievedDecember 22, 2016 . ^ Baker, David R. (January 13, 2016)."Eric X. Li talks about VC, innovation in China" .San Francisco Chronicle . RetrievedDecember 22, 2016 . ^ Li, Eric (2023).Party Life .doi :10.1007/978-981-99-4522-1 .ISBN 978-981-99-4521-4 . Huang, Yasheng (July 1, 2013)."Why democracy still wins: A critique of Eric X. Li's 'A tale of two political systems' " .TED Blog . RetrievedMarch 21, 2021 . Huang, Yasheng (April 25, 2014)."Why democracy still wins: A critique of Eric X. Li's 'A tale of two political systems' " .Global Policy . Archived fromthe original on November 8, 2014. RetrievedDecember 22, 2016 . Li, Eric (December 9, 2016)."The End of Globalism: Where China and the United States Go From Here" .Foreign Affairs . RetrievedDecember 22, 2016 . Li, Eric (April 19, 2016)."Watching American Democracy in China: Liberals and Conservatives After Trump" .Foreign Affairs . RetrievedDecember 22, 2016 . Media related toEric Xun Li at Wikimedia Commons