Fei Yang has worked for IDG Capital since 1997. Fei was previously the Director of the IPO Division of the Guangdong Government Securities Regulatory Commission, Vice President of the Guangdong United Future Exchange and the Director of the Consultant Division of Guangdong Foreign Trade and Economy Institute, where he specialized in economic research. In 1996, he received an award from the central government of Chins for his work on a project entitled, "Strategy for Pushing the Area Economy Forward." Fei has experience in finance, capital operations, mergers and acquisitions and IPOs, having worked in both the private and public sector and the futures exchange. Fei holds a 1989 master's degree in Science and a 1982 bachelor’s degree from Sun Yat Sen University.