Fundraising Fox

ZB Capital

Private equity

Hong Kong · Growth–Late Stage · 5 people tracked

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Investment thesis

ZB Capital employs an 'investment plus service' model to identify and support SMEs with strong fundamentals and growth potential across Asia. The firm combines disciplinary capital deployment with hands-on operational support, leveraging a proprietary network of business and investment partners to drive digital transformation, operational efficiency, and strategic expansion. The investment approach emphasizes long-term value creation and benefits to all stakeholders including founders, portfolio companies, partners, and investors.

Invests inSector AgnosticHong Kong

Source: firm website, verified Jul 21, 2026.

Stage
Growth–Late Stage
HQ
Hong Kong, HK
Leads rounds
Follows
Instruments
Equity
Founded
2012

Team · 5 people

from the firm's website
Chris Chan· Founding Partner

Co-founder of ZB Capital with 23+ years of experience in PE/VC, IPO, M&A, and restructuring, focusing on cross-border investments and M&A projects. Has held leadership roles at Ernst & Young, KPMG Advisory, PwC Corporate Finance, and Essence Securities.

Ryan Poon· Founding Partner

Co-founder of ZB Capital with 24+ years of PE/VC and corporate finance experience, primarily managing investment projects across China and Asia Pacific. Previously held senior positions at BOCI Corporate Finance, CITIC Capital, and Cathay Capital.

Donald Chan· Founder

Angel investor and business advisor with extensive experience as CEO of major advertising agency groups. Recognized consumer market expert with 24+ years of expertise in brand building and integrated marketing communications.

Quin Zhang· Assistant Professor

Assistant Professor in Management, Strategy & Entrepreneurship at Peking University HSBC Business School. Holds a Ph.D. in Strategy and Entrepreneurship from the University of Colorado Boulder and leads the Center for Innovation & Entrepreneurship.

Tony Chin· Founder, CEO

Advertising industry veteran with 27+ years of experience, including 20+ years stationed in China. Expert in interactive campaigns, CRM, and data mining, with prior roles at major agencies including Wunderman, DY&R, GREY, and Ogilvy and Mather.

Frequently asked questions

What stage does ZB Capital invest at?
ZB Capital invests at the Growth, Late Stage stages.
What sectors does ZB Capital focus on?
ZB Capital focuses on Sector Agnostic.
Where is ZB Capital located?
ZB Capital is headquartered in Hong Kong, HK.
Does ZB Capital lead rounds?
ZB Capital typically participates in rounds rather than leading them.

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