GGV Capital Adds Two Operating Executives to Global Team

GGV Partner Jeff Richards Brings Deep IT Services Expertise; GGV Venture

Partner Jia Fen Wang Adds Strength in Consumer Growth Sector

May 27, 2008, 01:00 ET from GGV Capital

    MENLO PARK, Calif. and SHANGHAI, China, May 27 /PRNewswire/ -- GGV
 Capital, a leader in expansion-stage venture capital investments in the
 U.S. and China, announced today that it has added two operating executives
 to its investment team, expanding the breadth and scope of the firm's
 industry expertise.
     Jeff Richards, most recently vice president of Digital Content Services
 at VeriSign, Inc., joins GGV as a partner and will be based in the Menlo
 Park office. Jia Fen Wang, chairperson of Bright Dairy & Food Company in
 China, joins GGV as a venture partner. Mr. Richards and Ms. Wang will play
 strategic roles in investing and building GGV Capital's portfolio, adding
 to the team's expertise in information technology and consumer growth.
     "Jeff and Ms. Wang bring strong management experience and operational
 expertise in businesses that are recognized leaders in their markets --
 Jeff as a former CEO and operating executive in the Internet commerce,
 content and wireless segments, and Ms. Wang as a highly recognizable
 executive overseeing one of China's premier food suppliers," said Hany
 Nada, co-founder and managing partner of GGV Capital. "We are very honored
 to have Jeff and Ms. Wang join GGV Capital. Their proven experience,
 insight, and industry relations will be invaluable in helping our global
 portfolio of expansion- stage companies to achieve their full potential."
     Jeff Richards brings more than a decade of experience as a successful
 executive in the technology industry. Prior to his most recent position at
 VeriSign, he was CEO of RFID services provider R4 Global Solutions, which
 was acquired by VeriSign. Before R4, he was a co-founder and an executive
 at QuantumShift, a telecom technology and services business. Mr. Richards
 also was a management consultant in the U.S. and Asia with
 PriceWaterhouseCoopers and held advisory positions with various venture
 capital firms.
     Jia Fen Wang has more than four decades of operational and management
 experience in China's agricultural and consumer products sectors. Prior to
 her current role as chairperson of Bright Dairy & Food Company, Ms. Wang
 served as both president and chairperson of the firm for more than 10
 years. Before then, she was chairperson and general manager of the Shanghai
 Dairy Group. She also has held executive positions in the China Dairy
 Industry Association, Dairy Association of Shanghai, and China Food
 Industry Association.
     About GGV Capital
     GGV Capital (formerly Granite Global Ventures) is a leader in
 expansion- stage venture capital investments in the United States and Asia.
 Focused on driving expansion-stage innovation worldwide, GGV Capital's
 highly diverse team manages over $1 billion from its offices in Silicon
 Valley, Shanghai, and Singapore. The firm invests across a range of sectors
 in information technology, services and healthcare, as well as the consumer
 growth sector in China. GGV Capital has provided capital and helped
 accelerate international expansion for its worldwide portfolio of
 high-growth companies, particularly in the U.S. and China. GGV Capital's
 portfolio includes Alibaba (HKSE:1688), athenahealth (NASDAQ:   ATHN),
 Boston-Power, BCD Semiconductor, Endeca, hiSoft, QuinStreet, SuccessFactors
 (NASDAQ:   SFSF), and WildTangent. Recent exits include AAC Acoustics (HKSE:
 2018), Netli (acquired by Akamai), Sirna Therapeutics (acquired by Merck),
 Qpass (acquired by Amdocs), XenoPort (NASDAQ:   XNPT), and Xfire (acquired by
 Viacom). The total market value of GGV Capital's exits since the firm's
 formation in 2000 exceeds $33 billion. For more information, please visit
Further Information GGV Capital - U.S. GGV Capital - China Stephen Hyndman Jenny Lee +1 650 475 2150 +86 21 6161 1750 Press/Analyst Inquiries Kinetic.PR for GGV Capital U.S. Lewis PR for GGV Capital China Rebecca Hurst Sandy Wu +1 650 679 9282 +86 21 6103 1204