[2] The firm focuses on investing in startups that use artificial intelligence technology.

[3] It was one of the first Chinese venture capital firms to establish a presence in the United States.

[2][4][5][6] A few days after resigning from his post, on 7 September 2009, he announced he would be starting a $115m venture capital fund called "Innovation Works".

[2][5][6][7] His colleague, Hua Wang who was previously Head of Business Development in Google China joined him as a co-founder.

[7] In 2019, the firm closed its Silicon Valley office citing the China–United States trade war making it difficult to get into US deals.