Word: dongjiang
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...While many of NewMargin's projects are in IT, Feng still invests in companies that allow him to get his hands dirty. When he discovered Shenzhen-based hazardous-waste-treatment outfit Dongjiang in 2001, it was making a scant $100,000 a year collecting refuse from factories and, according to Feng, treating it so inexpertly that the company caused more pollution. Feng's younger brother Bo, also one of China's leading VCs, advised him against an investment. "It didn't look like a winner," admits Feng. But with his guidance, Dongjiang now boasts clients such as IBM, bringing...
While many of NewMargin's projects are in IT, Feng still invests in companies that allow him to get his hands dirty. When he discovered Shenzhen-based hazardous-waste- treatment outfit Dongjiang in 2001, it was making a scant $100,000 a year collecting refuse from factories and, according to Feng, treating it so inexpertly that the company caused more pollution. Feng's younger brother Bo, also one of China's leading VCs, advised him against an investment. "It didn't look like a winner," admits Feng. But with his guidance, Dongjiang now boasts clients such as IBM, bringing...
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