After riding Internet wave, top woman investor bets on hardware

Long before she became the first woman to figure in the top-10 on Forbes "Midas List" of leading venture capital investors this year, GGV Capital's Jenny Lee cut her teeth as an engineer on Singapore's fighter jets.

She went on to make millions of dollars betting on China's software and Internet boom - including buying into Xiaomi Corp five years ago when the company had only a prototype of the smartphones that have since catapulted it up the global rankings and turned it into a $45 billion enterprise.

Now, Lee, 43, is going back to her hardware roots, predicting a renaissance for startups as China boosts technology and skills at factories, potentially triggering a wave of new inventions - from drones and robots to smart cars and beyond.