Zhang Shoucheng, an influential Chinese-American Stanford University physicist and founder of prominent investment firm Danhua Capital, died at the age of 55 on Dec.1. In a statement, Mr. Zhang’s family said he passed away “after fighting a battle with depression.”
Mr. Zhang’s sudden death was a shock to many Chinese entrepreneurs, investors and scholars. Born and raised in Shanghai, Mr. Zhang was renowned for his contributions to quantum science. Danhua, now called Digital Horizon Capital, was founded in 2013 and is based in Palo Alto. It is an early stage venture capital firm, investing in artificial intelligence, biotech and blockchain.
Last month, the Office of the United States Trade Representative mentioned it in a report as an example of how the Chinese government is using U.S.-based VC funds to invest in high tech U.S. startups to gain access to key technology.