Yes Zhenge Fund is an angel investment fund jointly sponsored by Xu Xiaoping, Wang Qiang, co-founders of New Oriental and China, Sequoia Capital, on 20 1 1, aiming at encouraging young people to start businesses, innovate, create wealth and create. Yu Hongmin, the boss of New Oriental, has his own fund called Hongtai Fund. It has nothing to do with Zhenge Fund and has no shares.