Defengjie is the only venture capital company that makes global investment through the joint fund network, with offices in more than 30 cities around the world, and the investment capital exceeds 3.5 billion US dollars. Defengjie-Long Mai China Fund is jointly established and managed by Long Mai Venture Capital and Defengjie * * *, China venture capital funds active in Silicon Valley. The fund is named after the same brand of both parties. Timothy C. Draper, the founder of Defengjie, Zhao Guangdou and Tony C. Luh, the founders of Dragon Venture Capital, are the executive directors of the fund. The scale of the fund exceeds 1 100 million USD. The fund invests in early-stage scientific and innovative enterprises with high growth potential and China as the core, focusing on emerging industries such as TMT and new media, such as clean energy and medical care. De Fengjie's aim is to find entrepreneurs with outstanding talents and try to change the world around the world, and provide them with funds and services. In the past two decades, De Fengjie has successfully invested in nearly 300 companies in various fields, including Hotmail (later acquired by Microsoft), Skype (later acquired by EBAY), United Online (UNTD), Overture (later acquired by Yahoo), Interwoven(IWOV), 41kloc-0/(later acquired by Yahoo). Among these investments, Skype in particular was sold to Yi Bei at a sky-high price of $4 1 billion, and Baidu was listed on Nasdaq, earning a high return of more than 50 times, which has been regarded as a classic in the investment field.