Kang Wei | |
|---|---|
| Born | January 1975 (age 51) Shanghai, China |
| Citizenship | China |
| Education | Shanghai Jiao Tong University |
| Occupations | Technology executive, investor |
| Employer | Hexi Capital |
| Spouse | Alice Huang |
| Chinese name | |
| Traditional Chinese | 康偉 |
| Simplified Chinese | 康伟 |
Kang Wei (Chinese: 康伟; born January 1975) is a Chinese investor who is the chairman of Shanghai Hexi Investment Management. His wife is Alice Huang.
Kang Wei was born in Shanghai in January 1975. He holds a bachelor's degree and graduated from Shanghai Jiao Tong University. He worked in a public fund company in his early years. He served as the chief strategy analyst of Shenyin Wanguo Research Institute and the executive vice president and chief investment officer of Zhonghai Trust. In July 2006, Zhonghai Trust increased its capital in Guolian Fund (later renamed Zhonghai Fund) and became the largest shareholder. Kang Wei was transferred to Zhonghai Fund as general manager and director of the investment committee. At the age of 33, he set the record for the youngest general manager of a fund company in mainland China, which was later broken by Liu Pohong in 2010, who was 32 years old.
In July 2009, Kang Wei returned to Zhonghai Trust to continue serving as vice president, and left China Ocean Fund in September 2009. In May 2010, he resigned from Zhonghai Trust for personal reasons. In 2010, he founded a private equity fund named the Shanghai Hexi Investment Management. The company was originally mainly managed by Kang Wei and his partner Zhu Xiaoming. In November 2015, Alice Huang became a core shareholder and senior executive, and all of her shares were transferred from Kang Wei. From 2016, Huang and Kang started co-running Hexi Capital. Many sources at the time assumed that the two were married because she introduced him as her husband during several social functions. According to the The Wall Street Journal Huang and Kang are married. In the second half of 2017, Kang Wei and Zhu Xiaoming had a conflict over profit sharing. In October 2017 year, Zhu Xiaoming resigned, and Hexi Investment was managed by Kang Wei and Alice Huang.
Between 2014 and 2015, Hexi Investment provided financing arrangements for Gu Guoping to acquire control of Huiqiu Technology through funds and equity swaps. Hexi Investment managed multiple fund accounts to buy Huiqiu Technology shares and actually participated in stock trading decisions. Gu Guoping was banned from the securities market for life by the China Securities Regulatory Commission (CRSC) in May 2017 for concealing the fact that he had become the actual controller of Huiqiu Technology. In January 2018, the CESC imposed a fine of ¥17.7 million renminbi on Hexi Investment and a fine of ¥400,000 renminbi on Kang Wei for failing to report his shareholding exceeding the limit and for buying and selling Huiqiu Technology shares during the restricted transfer period.
Kang Wei met Nvidia CEO Jensen Huang around 2016 and introduced Alice Huang to him. According to sources, Kang Wei seemed to accept Alice Huang's close relationship with Jensen Huang for about two years, and would even jokingly refer to Alice Huang as Jensen Huang's personal assistant to acquaintances.
By 2020, Kang and Alice Huang were joint business partners in many ventures. They were also moving towards cloud computing. That year, they helped build and operate an AI computing centre in Shanghai for Tencent. Kang also worked with Huang in building Megaspeed.
On 3 April 2024, the Asset Management Association of China issued a warning and penalty to Hexi Investment and Kang Wei for failing to properly preserve the investment decision-making and transaction-related materials of five private equity fund products, including the Hexi Hybrid No. 1 Fund.
Around the Spring Festival of 2026, Kang was arrested by the Shanghai police for illegally manipulating stocks. He was subsequently released and was pictured at Stanford University.