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Fresh from NYSE-listing, raising almost $1.5bn, Xpeng Motors has outperformed market expectations amid Covid-19 economic slump and deteriorating US-China relations. 

In 2011, Yang earned his master’s degree in Control Science and Engineering from the Harbin Institute of Technology. From 2011 until January 2015, he worked as an electric vehicle project manager at Guangzhou Automobile Group Co., Ltd. In June 2014, he co-founded Xpeng Motors with He Xiaopeng, Xia Heng and He Tao in Guangzhou. After leaving Xpeng Motors in 2017, Yang joined Qeebike, an electric bike-sharing startup based in Hangzhou, and has served as its CTO ever since.

In 2014, He founded and angel invested in Xpeng Motors. He also participated in the company’s 2018 Series B+ financing round. In 2015, He made an angel investment in DayDayUp, an incubator and accelerator.

He received his bachelor’s from the South China University of Technology in 1999. In 2004, he co-founded Chinese mobile internet software and services provider UCWeb. In 2014, He both founded and invested in Xpeng Motors (short for Xiaopeng Motors). After UCWeb was acquired by Alibaba in 2014, he served as president of UCWeb and of the Alibaba Mobile Business Group, chairman of Ali Games and president of Tudou successively. In August 2017, he left Alibaba to join Xpeng Motors full-time as chairman.

After graduating from Tsinghua University in 2008 with a bachelor’s degree in Automotive Engineering, Xia worked as head of R&D of a new energy control system at the GAC Automotive Engineering Institute. In 2014, he co-founded Xpeng Motors.

An experienced entrepreneur in internet business, Wen Chu founded the online community for media professionals No4media.com in 2001, the Guangzhou-based Click.com.cn in 2003, and the mobile entertainment website Moabc.com in 2005. Click.com.cn was acquired by the NASDAQ-listed company PACT in 2004. In March 2008, he founded the Great Wall Club (GWC), a communication platform for entrepreneurs and startups that has initiated and organized events such as the annual Global Mobile Internet Conference (GMIC) since 2008 and the startup competition G-Startup Worldwide. He currently is the president and CEO of GWC. He invested Xpeng Motors as an angel investor in 2014.

Aspex Management was founded in 2018 by Hermes Li Ho Kei who was previously the executive MD and Head of Asia Equities at Och-Ziff Capital Management, aka OZ Management. Prior to joining OZ in 2011 Li worked at Goldman, Sachs & Co in Hong Kong.The London School of Economics graduate is now the chief investment officer at Aspex. The Hong Kong firm focuses on equity investments in Pan-Asia, specializing in sectors with long-term market growth potential and companies undergoing structural changes.Aspex led the $64m funding round for South Korean fintech unicorn Toss in August 2019. The P2P money transfer service platform Toss is created by Viva Republica backed by PayPal. Other participants in the round included existing Toss investors Kleiner Perkins, Altos Ventures, Singapore's GIC, Sequoia Capital China, Goodwater Capital and Bessemer Venture Partners.In May 2020, Aspex also invested in another startup Market Kurly, a grocery-delivery service provider that became South Korea’s latest unicorn via the Series E funding round that secured $328m led by DST Global. In July, Aspex also joined the $900m Series C+ funding round of Xpeng Motors, Tesla’s EV rival in China.

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