# Top 50 Beauty Startup Investors in China in June 2026

## Sinovation Ventures
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 5
- Stages: Series A, Seed, Series B
- Focus: Software, Artificial Intelligence, Internet

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market.

## Qingsong Fund
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 3
- Stages: Series A, Angel, Seed
- Focus: Manufacturing, Internet, Education

Founded in June 2012 by Liu Xiaosong, Dong Zhanbin, and Su Wei, three Internet and investment circle veterans, Qingsong Fund is an early venture capital firm specializing in investment in education, social networking, consumerism, innovation, technology and applications. It manages four RMB funds with a total value of about RMB 2 billion. So far,it has invested in more than 140 companies, including 1 to 1 head, 1 DaDa English, squirrel AI, onion mathematics, wedding calendar, werewolf killing, flystep technology, HomeFacial. Pro and other star projects - 50% exit project returns more than 60 times, multiple project valuation multiples increased nearly 200 times, and educational projects have an average annual value increase of 500%. Among them, the Qingsong Smart Fund, which was newly established in 2018, focuses on the underlying technologies of the underlying AI and Smart Connect, as well as investment in such areas as smart healthcare, enterprise services and intelligent transportation applications. Liu Xiaosong, founding partner of Qingsong Fund, is a Ph.D. student at Tsinghua University. He invested in Tencent in 1999 and has a return on investment of tens of thousands of times. In 2000, he founded A8 New Media Group, which was successfully listed on the main board in Hong Kong in 2008. In 2015, he hatched in November 2018. Listed in Hong Kong stocks in the year. As a leading early investment institution in China, Qingsong Fund and its founding partners have repeatedly won Top 10 of Zero2IPO China's early investment institutions/investors, Top10 of China's education sector, Top100 of Chinese investors, and China's best early venture capital investment. Institution/Investor Top10; 36氪 China's new entertainment sector investment institutions Top10, online education sector investment institutions/investors Top10 and other mainstream awards.

## Edge Ventures
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 3
- Stages: Series A, Seed, Angel
- Focus: Manufacturing, E-Commerce, Gaming

Edge Ventures is a young equity investment fund. They are highly aligned with the interest of their founders, because they have been entrepreneurs too. With rich experience and top-level background in entrepreneurship, their management team are skilled in scouting the entrepreneurship spirit of outstanding candidates. Regardless of short-termrewards, they fight alongside their portfolio companies and fully support them in a long-term basis.They are highly aligned with the interest of their limited partners, because they invest in their selves too. With commitment of more than 20% self-funded capital in each EdgeVentures’ investment fund, they will control the fund size with intention of promising rate of return.

## Welight Capital
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 3
- Stages: Series A, Series B, Seed
- Focus: E-Commerce, Software, Information Technology

Welight Capital is an investment firm that invests in enterprise services, B2B, e-commerce, finance, education, new retail companies.

## Plum Ventures
- Type: VC Fund
- Location: Changzhou, Zhejiang, China
- Relevant deals: 3
- Stages: Series A, Angel, Seed
- Focus: E-Commerce, Manufacturing, Software

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry.

The firm was founded in May 2014 and is based in Changzhou, China.

## Fenghou Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 3
- Stages: Angel, Series A, Seed
- Focus: Information Technology, Automotive, Information Services

Fenghou Capital is early-stage equity investment firm.

## Shunwei Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 3
- Stages: Series A, Series B, Series C
- Focus: Manufacturing, Software, Internet

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

## Future Capital Discovery Fund
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 3
- Stages: Seed, Angel, Series A
- Focus: Artificial Intelligence, Software, Robotics

Future Capital is an early-stage venture firm investing at the frontier of deep technology

## Kairous Capital
- Type: VC Fund
- Location: Kuala Lumpur, Kuala Lumpur, Malaysia
- Relevant deals: 2
- Stages: Series A, Seed, Angel
- Focus: Information Technology, Software, E-Commerce

Kairous Capital is a cross-border venture capital firm focusing on China and Southeast Asia with offices in Kuala Lumpur, Shanghai and Hong Kong

## Hillhouse Investment
- Type: VC Fund
- Location: Changyang, Beijing, China
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Software

Founded in 2005, Hillhouse is a leading global investment management firm, active across public equity, private equity, real estate and private credit. The firm invests over a long-term horizon and partners with exceptional entrepreneurs to deliver sustainable value creation for quality companies.Hillhouse is a full life-cycle private equityfirm, investing for the long term across opportunities in the healthcare, business services, consumer, and industrials sectors. The firm manages capital on behalf of global institutions such as non-profit foundations, endowments, and pensions.

## ABC Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 2
- Stages: Angel, Series A, Series B
- Focus: Sales, Manufacturing, Gaming

ABC Capital is one of the earliest asset management companies specialized in private equity and venture capital investment in China.

## Oriental Fortune Capital
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, Manufacturing, Information Technology

Shenzhen Oriental Fortune Capital Co Ltd. is a venture capital firm specializing investment in early venture, mid venture, late venture, emerging growth, Pre-IPO, mature, growth capital stage, mezzanine and new third board investments. The firm typically invests in financial services, telecommunication, new energy, consumer goods, medical treatmentand healthcare, life sciences, internet plus healthy lifestyle industry, logistics, energy technology, information technology, mobile innovation, media, movies and television, culture, pharmaceutical, biological medicine, renewable energy, retail, environmental protection business, consumption, new materials, new agriculture, advanced manufacturing, equipment manufacturing, culture, entertainment, and services. It seeks to invest in China focusing on Shenzhen, Shanghai, Beijing, Xi’an, and Wuhu. The firm also invests in Pearl River Delta region, Yangtze River Delta region, and Circum-Bohai-Sea region. For Pearl River Delta, it covers Guangzhou, Shenzhen, Foshan, Dongguan, Zhongshan, Zhuhai, Huizhou, Jiangmen, and Zhaoqing cities in China. For Yangtze River Delta, the firm covers Shanghai, Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Yancheng, Yangzhou, Zhenjiang, Taizhou, Hangzhou, Ningbo, Jiaxing, Huzhou, Shaoxing, Jinhua, Zhoushan, Taizhou, Hefei, Wuhu, Ma’anshan, Tongling, Anqing, Chuzhou, Chizhou, and Xuancheng cities in China. For the Circum-Bohai-Sea region, it covers Beijing, Tianjin, Shenyang, Dalian, Qingdao, Dandong, Yingkou, Panjin, Fuxin, Huludao, Chaoyang, Shijiazhuang, Baoding, Tangshan, Qinhuangdao, Cangzhou, Langfang, Chengde, Zhangjiakou, Handan, Xingtai, Dongying, Yantai, Weifang, Weihai, Rizhao, and Binzhou cities in China. The firm prefers to invest 20% of its portfolio to early stage, 40% to expansion stage, and 40% to Pre-IPO stage. Shenzhen Oriental Fortune Capital Co Ltd. was formed in November 2007 and is based in Shenzhen, China with offices in Shanghai, China; Beijing, China; and Wuhu, China.

## Angel Plus China
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Angel, Series A, Seed
- Focus: Software, Information Technology, Internet

Angel Plus is a China-based venture capital firm.

## Dark Horse Ventures
- Type: VC Fund
- Location: Haidian, Beijing, China
- Relevant deals: 2
- Stages: Angel, Series A, Seed
- Focus: Software, Information Technology, Education

Dark Horse Venture is a venture capital firm that invests at early-stage startups in industrial internet and technology.

## Hongdao Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Information Technology, Big Data, Internet

Hongdao Capital invests in companies developing breakthrough technologies in artificial intelligence and life science.

## Korea Investment Partners
- Type: VC Fund
- Location: Seoul, Seoul-t'ukpyolsi, South Korea
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Information Technology, Biotechnology, Health Care

Korea Investment Partners (KIP) is a leading venture capital & private equity firm that has over 30 years of experience in providing venture capital to bold and innovative entrepreneurs who want to change the world. Korea Investment Partners invests in leading pioneers like Kakao(KOSDAQ:035720), Naver(KRX:035420), YGEntertainment(KOSDAQ:122870), Bodyfriend, Osstem Implant(KOSDAQ:048260),  Doubleu Games(KOSDAQ:192080) and Didi Chuxing. KIP manages over 20 venture and private equity funds with US$1.8 billion in total assets under management. The company operates globally from its Seoul headquarters office with other locations in Shanghai, Beijing, and Sunnyvale.

## Tunlan Investment
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 2
- Stages: Series A, Angel, Series B
- Focus: E-Commerce, Health Care, SaaS

Tunlan Captial is a professional venture capital management company based in Hangzhou,China.Its management team contains successful entrepreneurs,former senior managers from Alibaba and other Fortune 500 companies.Tunlan is committed to provide capital and professional management experience helping start-up companies to achieve sustainablegrowth and gain competitive advantages with its governmental,capital,technological and other resources internationally.Tunlan has about 20 billion RMB of assets under management since establishment. It has invested in over 60 companies and established multiple funds including "FengyunZheshang"VC funds,regional funds,PE M&A funds,and oversea M&A funds.Through portfolio diversification and professional investment methods,Tunlan has invested in a series of high-potential start-ups including Canaan,Sun Harmonics,Xinfeng,Asunistar,Baizijian,and Tecenet. In the future,Tunlan will persist in the philosophy of using capital to promote technological innovation and becoming a professional and innovative international investment management corporation.

## Cathay Capital Private Equity
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series B, Private Equity, Series A
- Focus: Automotive, E-Commerce, Health Care

Cathay Capital is a leading, cross-border private-equity firm dedicated to supporting the international development of small and middle-market companies across North America, China and Europe. Created by Entrepreneurs for Entrepreneurs, Cathay Capital prides itself on its multicultural and highly-experienced investment team, which is committed tobuilding companies and long-term value across three continents though its unique value-creation strategy.

## Huaige Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 2
- Stages: Series A, Angel, Seed
- Focus: Health Care, Biotechnology, Medical

Huaige Capital is a venture capital focusing on healthcare sector.

## ZhenFund
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Series A, Seed, Angel
- Focus: Artificial Intelligence, Software, E-Commerce

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. Webelieve that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

## S'Young
- Type: VC Fund
- Location: Changsha, Jiangsu, China
- Relevant deals: 2
- Stages: Series A, Corporate Round, Seed
- Focus: Cosmetics, Beauty, Medical

S'Young is a makeup brand company. The company is a technology-based enterprise with technology-enabled products and digitally enabled organizations. The company provides a complete solution for the omni-channel, all-dimension, and full-lifecycle development of cooperative brands.

## We Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Angel, Series A, Series B
- Focus: Media and Entertainment, Music, Beauty

Extensive selection of high-quality domain names. Knowledgeable, friendly customer support.

## Xiaomi
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Manufacturing, Software, Information Technology

Play to win vouchers and get up to 50% discounts!

## Plateno Group
- Type: VC Fund
- Location: Guangzhou, Guangdong, China
- Relevant deals: 1
- Stages: Series A
- Focus: Beauty, Cosmetics, Manufacturing

The Plateno Group is hospitality companies, and one of the most influential, innovative, customer-centric companies in the country. Their hotel portfolio comprises 14 brands, with over 3,000 hotels, in more than 300 cities, with over 50 million room bookings each year. They also hold interests in apartment communities, cafés, and even a non-profitplatform that supports young artists.

## Tiande Touzi
- Type: VC Fund
- Location: Xiamen, Fujian, China
- Relevant deals: 1
- Stages: Angel
- Focus: Beauty, Cosmetics, Consumer Goods

Tiande Touzi is an investment firm.

## Lightspeed China Partners
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Manufacturing, Internet, Software

Lightspeed China Partners is a leading Chinese venture capital firm focusing on early-stage investments. We are the Chinese partners to Lightspeed Venture Partners. Our expertise is in mobile, Internet, technology-enabled services, and enterprise solution companies. We currently manage three USD funds and one RMB fund.Lightspeed China Partners isalso a young team. 
We value equality, respect and fairness. 
Our culture reflects our focus, drive for excellence,  and our win-win approach to business.We are dedicated to identifying the next generation of entrepreneurial leaders. To accomplish this ,
we analyze trends, work with creative teams, and undertake joint efforts to pursue early-stage investments. 
We are honored to help entrepreneurs because your dream is the greatest thing in the world.

## K2VC
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Seed, Angel
- Focus: E-Commerce, Manufacturing, Biotechnology

K2VC (Xianfeng Evergreen) was founded in 2010, focused on early stage investment in technology start-ups in China, focus on promoting change and technological progress, innovative business models and lifestyles.

## Hanshiji Chuangtou
- Type: VC Fund
- Location: Qiandao, Shandong, China
- Relevant deals: 1
- Stages: Angel
- Focus: Beauty, Cosmetics, Consumer Goods

Hanshiji Chuangtou engaged in investment management and consulting.

## Gaozhang Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Angel, Seed
- Focus: Information Services, Media and Entertainment, Finance

Gaozhang Capital is a principal investment firm. It seeks to invest in new media.
Weifeng Fan founded Gaozhang Capital, with its headquarters in Beijing in China and additional offices in Shanghai and Shenzhen in the same country.

## Legend Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Health Care, Medical, Biotechnology

Legend Capital, a subsidiary of Legend Holdings Ltd., started its vintage year in April, 2001 with a mission to become a top-notch and the most respected venture capital investment manager in China.Managing up to US$700 million across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in Chinaor on markets related to China.Legend Capital mainly invests in early stage IT companies, specifically, in sectors of network applications and services, outsourcing and professional services, Infrastructure (IC design/key components), and mid-market growth stage companies in the fields of consumer goods, clean technology, health care, equipment manufacturing and modern services.Among over 60 portfolio companies are Joyo.com (acquired by Amazon.com), SinoCom (0299.HK), Solarfun Power (Nasdaq: SOLF), Spreadtrum Communications (Nasdaq: SPRD), China Sunshine Paper (2002.HK), and VanceInfo (NYSE:VIT), Eyang (0117.HK), etc.As an active investor, Legend Capital provides its portfolio companies extensive business resources and tailored services to assist with business development, company image building, and other critical company building activities on Chinese market so as to add value and maximize returns. Legend Capital is proud and thankful that it has the opportunity to blaze a trail with its innovative practice for China's venture capital industry.

## AngelCrunch
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Angel, Seed, Series A
- Focus: Internet, Information Technology, Employment

Angelcrunch is a pioneering equity crowdfunding platform to interconnect startup companies and business angels in China. Till now, there are over 50,000 entrepreneurs, 10,000 startup companies and 8,000 angel investors (among which, 1200 are accredited) in total registered on the platform, more than 140 of them have raised the amount of moneythey need  (300 million RMB in total) through  the Angelcrunch platform so far.

## Calor Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Beauty, Guides

Calor Capital is an investment firm.

## Cretrend Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Beauty, Sensor, Consumer

Cretrend Capital is a professional investment firm focused on early stage investment in science and technology and artificial intelligence.

## Meridian Capital Asia
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Angel, Series B
- Focus: Internet, Software, Information Technology

Meridian Capital is the leading TMT field of venture capital institution in China. They have a wide range of investment layout in the mobile Internet and media entertainment field and they have a vibrant and experienced investment team.Meridian Capital’s investment area is relatively concentrated, and its investment can be regarded as investmentwithin the industry. They have a wide range of layout-oriented investments in the core areas of industry such as culture and entertainment, consumption upgrades, Internet finance, and enterprise services, with the flow of inputs and realization methods. It has a clear view of development in the industry and sub-industries. Social, online-business, education, health care, real-estate, car business, digital reading, digital marketing, music, film and television, games, entertainment community and etc, industrial cluster effect is obvious.Since its inception in 2008, Meridian Capital is committed to focusing on investment in culture new media fields, currently it is mainly concerned with culture entertainment, consumption upgrading, Internet finance, and corporate service fields, it has issued 5 RMB funds, and 2 Singapore currency funds, whose total management size topped RMB 5 billion yuan, more than 100 Internet startup enterprises are its beneficiaries. Meridian Capital’s concern for culture new media field is consistently prominent.

## Hongxiu VC
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A, Angel
- Focus: Software, SaaS, Beauty

Hongxiu Capital is an institution that focuses on women’s economic industry investment.

## Eastern Bell Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: E-Commerce, Logistics, Manufacturing

Eastern Bell Capital, established in 2010, is an ecosystem-based fund focused on "improving industry efficiency with supply chain as its core competence". The investment areas we focus on include logistics, supply chain, retail & brand, data technology, etc. Through years of hard work, Eastern Bell Capital has built an empoweringeco-resource system with deep knowledge and insight into circulation efficiency.

## Shanghai Jiusong Shanhe Equity Investment Fund Management
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A
- Focus: Beauty, Medical, Biotechnology

Shanghai Jiusong Shanhe Equity Investment Fund Management is an investment fund management company.

## Tongdao Qichuang
- Type: VC Fund
- Location: Zhuhai, Guangdong, China
- Relevant deals: 1
- Stages: Angel, Series A
- Focus: Beauty, Mobile, Content

Tongdao Qichuang is an investment company.

## Pure Funds
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Manufacturing, TV, Film

Zhejiang Pure Equity Investment Fund Management Co.,Ltd (short as Pure Funds) is a venture capital institution driven by professional researches, which is equipped with complete investment, risk control, project financing, investment management and background management systems. The team has 15 years of investment experience.By adhering to the"professional creates value" service concept, as well as pursuing investment rules including steady, open, innovation and rigorous, they get rich experience in venture capital management and establish many classic cases.They have good relations with many well-known domestic and foreign investment institutions, listed companies, fund companies, banks and universities. They have also established stable business cooperation with the well-known investment banks, brokerage firms, law firms, accounting firms and other intermediary agencies to provide integrated professional services for their invested companies.PURE FUNDS drives innovation and growth of business enterprises and promotes overall industry advancement and social development. With access to their partners’ experience and global network as well as their excellent industry background, they spare no efforts in helping their entrepreneurs and their companies succeed with long-term social value and commercial value!

## Weibo
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Video, Internet, Social Media

rpcx provides enterprise infrastructure open source softwares

## Bridge Capital China
- Type: VC Fund
- Location: Futian, Fujian, China
- Relevant deals: 1
- Stages: Series A, Angel, Series C
- Focus: Manufacturing, Electronics, Industrial

Bridge Capital is a boutique investment firm focused on advanced manufacturing and new consumer sectors, including private equity investments, asset management and mergers and acquisitions.

## Jinding Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Manufacturing, Health Care, Food and Beverage

Jinding Capital is a leading industrial equity investment institution in China.

## Tencent
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, Financial Services, E-Commerce

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

## Viki Fund
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Angel, Seed
- Focus: Information Technology, SaaS, Sales

Viki Fund is an investment fund.

## Cathay Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series B, Private Equity
- Focus: Manufacturing, Health Care, Biotechnology

Cathay Capital is a global private equity and venture capital investment firm supporting companies at every stage of their lifecycle.

## Daocin Capital
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Angel, Series A, Seed
- Focus: Enterprise, E-Commerce, Consumer Goods

Daocin Capital is an early equity investment firm that focuses on early projects on new retail, internet of things, financial technology, new entertainment, Artificial intelligence, blockchain ecology and other fields.The company, Daosheng Capital, won the 2016 Top 20 China Equity Investing Institutions and the 2017 China Equity InvestingAgency. Qiang, 2018 China's top 30 investment institutions; won the 2017 "Golden Man Award" Hangzhou's top ten investment institutions, 2018 "Golden Mang Award" Hangzhou's top ten investment institutions.Daosheng Capital was registered as a private equity fund manager in China.

## Xinyi Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Angel, Seed
- Focus: Sports, Gaming, Information Technology

Xinyi Capital is an investment firm based in China.

## Yizhuang Venture Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: Manufacturing, Semiconductor, Medical Device

Yizhuang Venture Capital operates as a venture capital firm.

## Hongfan Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Angel, Series A, Seed
- Focus: Software, Gaming, Information Technology

Hongfan Capital is an investment firm.

## Hangzhou Zheheng Industrial
- Type: VC Fund
- Relevant deals: 1
- Stages: Angel
- Focus: Beauty, Cosmetics, E-Commerce

Hangzhou Zheheng Industrial is an investment firm.

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