About First Beijing
A Research-Driven, Fundamental Approach to Uncovering Value in China
First Beijing
At a glance
Since 2009
An early value-oriented investor in China
30+
Employees
18 Local Investment Professionals
Focused solely on China
Strong Alignment of Interest
Long-term partnership with clients
USD1.8 billion
of long-term-oriented assets under management
12 years
of generating consistent alpha
Significant Milestones
2005-2009
Sean Huang worked at First Manhattan from 2005-2007. The First Beijing is launched with seed capital from the First Beijing team and affiliates in Dec 2009.
May 2013
Inaugural Research Analyst program. Out of 20 passionate and bright applicants from Peking University, we accept 3. After three years of investing seed capital, First Beijing opens the fund to a select group of clients.
July 2015
First analyst graduates from our program and Bill Wu joins the firm as Director of Research.
Aug 2016
First Beijing successfully completes their tenth biannual investor/client visit to China; First Beijing has facilitated in-person meetings for clients during these visits with over 100 leading Chinese entrepreneurs.
Aug 2017
The firm has a partial exit of top holding Seazen Group, netting profits close to 10x the original cost. The investment team is now 8 strong with 5 analysts having graduated from the junior researcher program.
Mar 2018
The first time a top-5 holding position (BiliBili) is proposed by an analyst; the firm invests in the IPO and becomes one of the earliest institutional investors in the public stock.
Apr 2019
First Beijing secures a large separate account mandate from a global top-5 sovereign wealth fund.
Feb 2020
AUM exceeds $1 billion for the first time. Investment team is now 16 strong covering approximately 2000 companies.
Sep 2020
First Beijing hires Thomas Wong for the role of Head of Investor Relations as part of the firm’s long-term commitment to provide best-in-class communication and transparency to investors.
Jul 2021
First Beijing secures another separate account mandate from the world’s largest sovereign wealth fund.
Our Clients
We endeavor to build meaningful client relationships. We target clients seeking long-term value, and we are fortunate to have long-term, patient investors who have invested more capital during drawdown periods.

