Mark Mai
Founder/Producer @ VenturesLab
Shenzhen, China
Mark Mai is a serial entrepreneur and a pioneer in China’s venture investment field. He started his venture capital career back to mid 90s and co-founded Shanghai Pudong Ventures, one of China’s first venture capital firms. He was also the venture partner of DFJ Dragon fund in Silicon Valley in the early 2000s.Mark started his entrepreneurcareer by starting his first venture eFriendsNet in 2003, which was the earliest and became the largest social network at the time in China. The company was later acquired by French public company Meetic. Subsequently Mark founded VenturesLab in 2005, China’s first internet-business incubator, along with legendary venture capitalist Tim Draper. He co-founded four additional technology companies after eFriendsNet, including TongCard, China's largest social CRM provider, later acquired by Tencent; Docin, largest document sharing website in China; Togic, largest smart TV content aggregation service and hardware provider in China; and OKCoin, world’s largest Bitcoin exchangeMark was named top angel investor in China for numerous times by different renowned organizations including China Ventures, CYzone, TheFounder, Zero2IPO, iResearch, ZhongGuanCun Angel Alliance, etc. He co-founded China Young Angel Investor Association (CYAIA) in 2013 and served as the current president. CYAIA is now the biggest and most influential angel investor organization in China.Mark graduated from Renmin University of China with Bachelor’s Degree in Economics and received his MBA Degree from UCLA Anderson School of Management with focus on Entrepreneurship and was awarded the first prize winner of Knapp Venture Competition at UCLA.
- Total investments:
- 2
- Last investment:
- Lead investor:
- 0%
Last updated:
For AI agents: llms.txt
Industries Mark Mai invests in
Stages Mark Mai invests in
Countries Mark Mai invests in
Investment Focus
Industry
- FinTech 2 (100%)
- Apps 1 (50%)
- Web3 1 (50%)
- Bitcoin 1 (50%)
- Finance 1 (50%)
Stage
- Series A 1 (50%)
- Series B 1 (50%)
Country
- China 1 (50%)
- Seychelles 1 (50%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Dowsure
|
Dowsure has the vision to become a leading global API platform for cross-border e-commerce, we leverage our API technologies to connect isolated data in this industry, by using advanced modelling and algorithm, we provide innovation digital products and risk solutions. As Amazon’s official lending partner, we have served more than 10,000 sellerswith multi-billion GMV and received three rounds of investment from top investors globally. In 2017 we pioneered insurance for cross-border e-commerce sellers in China. In 2019 we launched Dowsure digitalized financial product and lowered the funding cost to as low as 3.99%. We will keep building digital infrastructure globally to offer Dowsure products for millions of sellers and platforms. | $20M / Series B / Feb 21, 2022 | |
OKX
|
OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. With monthly Proof of Reserve releases, OKX is trusted by over 50 million global users. OKX is the fastest and most reliable crypto trading app for professional traders everywhere. - Buy, sell, and trade 350+ tokens with 100+ local currencies -Duplicate moves from top traders in the industry in just one click - Explore Web3 and take control of your crypto, NFTs, and digital assets with the OKX WalletWith its extensive range of crypto products and services, and unwavering commitment to innovation, OKX’s vision is a world where financial access is backed by blockchain and the power of decentralized finance. | Series A |
Co-Investors
About VenturesLab
VenturesLab was founded in 2005 by Mark Mai and legendary venture capitalist Tim Draper. It was China's first internet-business incubator. In 2010, VenturesLab started to mainly focus on early stage investment and became a top name among China entrepreneur community. It incubated and invested in nearly 100 startups since 2005 across many kindsof Internet related fields. VenturesLab shares business expertise, tears and cheers with like-minded entrepreneurs dedicated to developing China’s internet industry. The total portfolios market cap amounts for $ 5 billion including a few M&A and two IPOs in China and US.
VenturesLab Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Vicky Zhang
Partner
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Mark Mai
Founder/Producer
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Tim Draper
Founder/Partner
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2 more contacts available
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FAQ
What does Mark Mai invest in?
Mark Mai invests primarily in FinTech, Apps and Web3 startups, most often at Series A and Series B stage. Most of the 2 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
When did Mark Mai last invest?
The most recent investment recorded for Mark Mai closed in Feb 2022. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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