Fosun-backed venture capital firm Kinzon Capital has lost three members of its upper management team as it prepares to launch a fund aimed at Southeast Asia.
Kinzon Capital, the venture capital firm solely sponsored by conglomerate Fosun, has removed three of its upper managers, who have raised money for their own fund, China Money Network reported on Tuesday.
The executives in question are chairman Wang Jun, president Bao Zhoujia and co-president Liang Junzhang. Kinzon has not explained its decision to fire the three rather than waiting for their resignation.
Pan Donghui, vice-president of Fosun and president of Fosun TMT & Entertainment Group, has been appointed chairman…
