Hans Tung lands high atop the 2020 Midas List due to a portfolio including six major IPOs, eight acquisitions and no fewer than 14 private-valued billion-dollar startups. The group is headlined most recently by work collaboration tool Slack, which went public via direct listing in June 2019, Peloton, the home fitness company that had its IPO that October, a partial exit from ByteDance at a $75.5 billion valuation and the continued performance of Meituan-Dianping and Xiaomi, an investment he made at Qiming that went public in 2018. Tung’s unicorn stable includes shopping app Wish, online marketplace StockX, fintech company Affirm, scooter company Lime, and a host of others from Airbnb to OfferUp. Tung is a rare international investor, and likely the only to be able to claim multiple bets in India as well as U.S. cities Denver and Detroit. One area Tung is watching in 2020: food production and delivery. Already an investor in indoor farming through Bowery Farming, Tung sees tech-driven food marketplaces that can reduce waste and improve global food delivery as next to emerge.
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