Latest news with #AliceLi
Business Insider
a day ago
- Business
- Business Insider
Foresight Ventures Announces Appointment of Alice Li and Zac Tsui as Partners
Foresight Ventures, a research‑driven venture capital firm bridging East and West, today announced the appointment of Investment Partner Alice Li and Investment Director Zac Tsui to Partners, effective immediately. Co-Founder Forest Bai will step down from his management role and will continue to support the Foresight Ventures team in the future in an Advisor capacity. Alice Li is currently an Investment Partner and Head of North America at Foresight Ventures, focusing on investments in stablecoin infrastructure, payment systems, AI applications, and social media, with the goal of driving mass-market adoption of Web3. She previously spent many years in product growth roles at TikTok and Amazon. Zac Tsui is currently an Investment Director at Foresight Ventures. Before joining the firm, he worked at Ant Group, where he was responsible for strategic investments and incubation in the Web3 and blockchain sectors. Earlier in his career, he worked at leading venture capital firms including IDG Capital and BAI Capital, focusing on identifying companies with long-term value potential. He has invested in technology-sector unicorns across multiple fields and has built extensive expertise in fintech, AI, and emerging-markets investments. Alice Li said: 'I'm truly grateful for the trust from the board. Foresight Ventures has always been committed to building a bridge between East and West and accelerating the real-world adoption of Web3 technologies. I look forward to working alongside Zac and our team to lead the company into its next chapter of growth.' Zac Tsui added: 'The Web3 ecosystem is in a phase of dynamic growth and intense competition. Globally, we are seeing regulatory adoption accelerate alongside increasing industry consolidation. For us, investing is not about chasing short-term wins, but about steady progress and long-term commitment. At Foresight, our deep industry experience and global resources enable us to partner with entrepreneurs who think long-term and are dedicated to creating user value, helping them navigate cycles and emerge as leaders in their fields.' Foresight Ventures is the first and only crypto VC bridging East and West and a Top 5 active crypto VC in 2024. With a research-driven approach and offices in the US and Singapore, we are a powerhouse in crypto investment and incubation. The company's 150+ premier media and startup companies portfolio includes Wallet Connect, Story, TON, Morph, 0G Labs, Sentient AI, The Block, Foresight News, BlockTempo, Coinness, and many more. We aggressively invest in the most daring innovations. We are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond. PR team
South China Morning Post
28-01-2025
- Business
- South China Morning Post
‘Incomparably nice': Why China's shoppers are obsessed with an obscure local supermarket
Alice Li in Xuchang, Henan province Published: 11:00am, 28 Jan 2025 Lunar New Year, arguably China's biggest annual holiday, can be seen as a barometer for the country's economy. As more than a billion people travel, shop, eat and give gifts to family and friends, their preferences and habits paint a picture of the nation's consumption over a few festive weeks. This is the fourth story in a nine-part series . It is a bitterly cold afternoon in Xuchang, a small city in northern China's Henan province. A persistent wind swirls around the street, bringing shivers from the bundled figures hunched on the pavement. But the shoppers refuse to be put off by the wintry conditions. There are dozens of them lined up outside the mall – and they are prepared for a long wait. A nearby sign states that the doors will not open for another 90 minutes. 'In the mornings, people start waiting from 6am or 7am, which is hours before the mall opens,' said a staff member supervising the queue, who declined to be named, citing company policy. The scene looks like a product launch for a new smartphone, but the store that has inspired this excitement is in fact a local supermarket named Pangdonglai. Pangdonglai has become an unexpected viral sensation in China over the past couple of years, making its stores go-to destinations ahead of the Lunar New Year holiday, which begins on January 28.
