Raymond Chang is a successful entrepreneur and an active angel investor. In 1997, Raymond founded GigaMedia, the first broadband internet company in Asia. In 1999, GigaMedia received US$35mm strategic investment from Microsoft, and in 2000, the Company went public on NASDAQ and raised US$280mm, one of the largest IPOs for Internet company prior to 2000. In 2007, Raymond founded Luckypai, a leading TV shopping company in China and raised venture financing from Lightspeed Venture Partners, DT Capital, Intel, Lehman Brothers, and Goldman Sachs. In 2010, Luckypai was sold to Lotte Home Shopping for US$160mm. From 2012-2013, Raymond served as the CEO of New Focus Auto, the largest automobile after-sales service company dual-listed on Hong Kong & Taiwan exchanges, (US$1 Billion in market cap). In 2013, Raymond completed a US$160mm investment from CDH Capital, a leading Chinese private equity fund. In 2000, Raymond was selected by Fortune as one of the twenty-five Next Generation Global Leaders Under 40, (5/2001), and by Business Week Asia as one of Asia’s 20 most influential new economy leaders in the 21st century, (7/2000). He was also featured as a panel speaker at World Economic Forum in Zurich, Switzerland in 2005.
Raymond also participates in various social, charity, educational, and Christian faith organisations. He Co-founded Shanghai West International Fellowship, (a PRC government approved International non-denominational Christian Church in Shanghai), was the Former Treasurer/Elected Board Member of Shanghai American School, (the largest Private, non-profit co-educational K-12 school, operating under the umbrella of the American Consulate in Shanghai with over 3,600 students), and a member of Young President’s Organization – Shanghai Chapter. Raymond received his BA from New York University, MBA from Yale School of Management, and MPA from Harvard JFK School of Government.