Zhang Shoucheng, Stanford physicist and tech enterprise capitalist dies after ‘battle with melancholy’
Zhang, a tenured professor of physics at Stanford College, was internationally recognised for his work in quantum science. He was additionally the founding associate of Danhua Capital, a Silicon Valley-based enterprise capital fund investing primarily in early-stage applied sciences.
In an electronic mail, Zhang’s household mentioned that he had “handed away unexpectedly … after preventing a battle with melancholy”. They didn’t reveal the reason for dying. The Put up obtained the e-mail from a few of its recipients.
“As we face this devastating information, we’re deeply grateful for the help and condolences that we have now obtained,” they wrote. “We might ask, nonetheless, the general public to respect our privateness as we grieve over this immense loss.”
Danhua Capital didn’t instantly reply to a request for remark.
Zhang was born in Shanghai in 1963 and attended town’s Fudan College on the younger age of 15. He went on to pursue a PhD in physics on the State College of New York at Stony Brook, the place he skilled beneath Nobel Physics Prize winner Yang Chen-ning.
Steven Kivelson, a fellow Stanford physics professor, described Zhang’s dying as an “inconceivable loss”.
“Shoucheng has lengthy been an mental chief within the theoretical physics who’s broadly admired for his extraordinary creativity … in addition to for his devotion to the various good college students and submit docs he has mentored,” he wrote in an electronic mail.
Zhang’s contribution to the quantum subject earned the popularity of not solely his friends but in addition of the Chinese language authorities. In 2009, Zhang was hand-picked to be a part of an professional panel for the state-run “Thousand Skills” programme that goals to draw abroad scientists. US Pentagon and intelligence officers have branded the decade-old recruitment drive as a platform to “facilitate the authorized and illicit switch of US expertise, mental property and know-how” to China, in keeping with reviews earlier this 12 months.
In 2013, Zhang arrange Danhua Capital, also called Digital Horizon Capital, which focuses on funding synthetic intelligence, massive information, robotics, and blockchain expertise, amongst others.
The California-based agency has raised capital of US$434.5 million throughout two funds, in keeping with Crunchbase. Its main backers embody the Zhongguancun Growth Group, a state-owned firm funded by the Beijing municipal authorities.
Danhua lists 113 US corporations in its portfolio, most of which fall inside rising sectors similar to biotech and AI that the US administration has recognized because the Chinese language authorities’s “strategic priorities”, in a latest investigative report on China’s commerce practices.
Distinguished blockchain start-ups invested by Danhua, in keeping with its web site, embody Ontology, a public chain challenge whose digital token is among the many world’s high 30 Most worthy cryptocurrencies.
Many in China’s blockchain group took to social media to mourn Zhang’s dying.
“We must always report his identify on blockchain and keep in mind him when it’s springtime once more,” wrote David Li, founding father of Singapore-based blockchain start-up Trinity, on WeChat.
“He was an excellent good professor. I used to be actually glad each time we labored collectively. I can not perceive why he out of the blue handed away,” wrote Du Jun, founding father of Beijing-based blockchain VC agency Node Capital, on WeChat.
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