Teen Tennis Star’s Journey From China Tech IPO to Silicon Valley Deals

This article is part of a series about the new cross-border investors wielding influence in Silicon Valley and China.

In San Francisco’s financial district, venture capitalist Matt Cheng sat in the office cafeteria of video-streaming company Twitch last month. Over lunch, Mr. Cheng explained to the Amazon-owned firm’s executive how Chinese shopping apps use live videos to promote their merchandise. It was one of his seven appointments that day. That night in a car to the airport, Mr. Cheng got on the phone with an education startup founder in China to give fundraising tips.

His day typifies the pace of a new breed of venture capitalists making a mark in Silicon Valley. Cross-border investing used to be about American VCs going to Europe or China. But now, China-based investors are crossing the borders to invest in the U.S. and elsewhere.

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“Asia is important and you should have more connections there, but where do you start? Matt knows how to find the right people,” Mr. Abraham said. “If you don’t build bridges to the East now, you will lose out on it forever.”

Jennifer Yan and Zia Word commented on this article.
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“As a tennis player, you want to compete at the highest level with the best players in the world,” he said. “And Silicon Valley is the center of innovation.”