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Gan is best known for being the 67th employee of Alibaba and the former COO of Meituan-Dianping. Before joining Alibaba in 1999, Gan had worked at a state-owned coal trading enterprise for five years. At Alibaba, he served in multiple roles, including as director of online operation, director of marketing, regional manager and vice president. Gan left Alibaba to become COO of Meituan in 2011. In 2016, he was named the first president of Meituan-Dianping's Internet Plus University, which was founded to train company employees. Gan resigned from Meituan-Dianping in 2017 to join Hillhouse Capital as managing partner.

The merged entity of China’s two largest local services rivals, Meituan-Dianping is worth some US$18 billion. Its total transaction volume reached RMB 170 billion in 2015. Now headed by Meituan founder Wang Xing, the Tencent-backed company is China’s largest on-demand, or O2O (online-to-offline), services provider, offering food delivery, restaurant booking, group buying, movie ticket booking and more.

Shen Peng had first tried founding a startup while studying finance at Beijing's Central University of Finance and Economics from 2006 to 2010. In 2009, he joined Meituan – now known as Meituan Dianping – as its tenth employee. At the age of 23, he was in charge of Meituan's group buying business in north China. Shen was also a key player when Meituan expanded into the food delivery business. He received his master's degree in retail management from the Neoma Business School through a partnership with the University of International Business and Economics in Beijing. He founded Waterdrop in 2016 and has served as its CEO since.

Launched in 2003, Dianping is China's most popular restaurant-reviewing and group-buying service. It merged with closest rival Meituan in October 2015, in a US$15 billion deal.

Wang Xing is the founder of Meituan (a Chinese version of Groupon).

Yang Guang studied Mathematics at the University of Waterloo from 2005 to 2010. He returned to China in 2010 and worked at Deloitte from 2010 to 2013, China eCapital Corporation from 2013 to 2015 and Meituan Dianping's strategic investment unit from 2015 to 2016. In 2016, he co-founded Waterdrop and is now the general manager of Shuidi Insurance Mall.

After earning his MBA at the Wharton School of the University of Pennsylvania, Zhang worked as an advisor at American Management Systems, an IT consulting firm based in the US. In 2003, he founded, one of China’s biggest online lifestyle services providers, and served as CEO and chairman until 2015. After merged with group-buying giant Meituan in 2015, Zhang became chairman of Meituan-Dianping.

Hu Yao graduated in 2009 from Nankai University in Tianjin with a bachelor's degree in Software Engineering. He was CTO at from 2008 to 2012 and a senior software engineer at Meituan Dianping from 2013 to 2014. From 2014 to 2016, he was VP of ONE Smart Piano. He co-founded Waterdrop in 2016 and now serves as the general manager of Shuidi Huzhu.

Founded in October 2015, Pagoda Investment is a private equity firm focusing on TMT, consumer products, healthcare and education. Its key investors include Queensland Investment Corporation Limited, a Queensland-based Australian VC, and some European-based family funds as well as pension funds, with a total of RMB5 billion under management. 

Wang Lai was Meituan Dianping's 33rd employee, working as a product manager for its group buying, hotel and food delivery business. He co-founded Waterdrop in 2016 and left after a year. He then worked for Yuanfudao, an online education unicorn, before founding Xiaobohu, an online children calligraphy educational startup, in 2019.

One of the earliest backers of Chinese internet firms, most famously Tencent and, Hillhouse Capital is a US$20 billion fund today. Founded in 2005 by Zhang Lei, a Yale School of Management graduate (the initial US$20 million used to start Hillhouse came from the Yale Endowment), the long-term fundamental equity investor is focused on China and Asia, particularly the consumer, TMT, industrials and healthcare sectors. It manages capital for institutional clients, e.g., university endowments, foundations, sovereign wealth funds and pension funds, and invests across all equity stages.

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