Top 5 Digital Media Angel Investors in China in May 2026

Xiaoguang Wu was named Senior Management Adviser in June 2015. He joined Tencent in 1999 and was a member of the founding team. Xiaoguang Wu led the development and product planning for the Group’s core product, QQ, and served as project manager for the QQ research and development team. He also served as General Manager of the IM product divisionand General Manager of the internet business division. He was later promoted to Senior Executive Vice President of the internet services division and Chief Executive Officer of Tencent E-Commerce Holdings Limited. Xiaoguang Wu has extensive experience in product research and development, product planning, product operations and marketing internet businesses. He received a Bachelor of Science degree in Weather Dynamics from Nanjing University in 1996 and an EMBA degree from China Europe International Business School (CEIBS) in 2008.

Investment focus

Software, Service Industry, SaaS
Seed, Angel, Series B
China

Portfolio highlights

DayDayUp — DayDayUp is a business community that connects Chinese and global innovators.
Feipotong — Feipotong is a nationwide service company that focuses on airport parking.
Waterdrop — Waterdrop is an insurance platform that plans to solve the problem of high medical fees faced by most patients, especially those with a critical illness. Shuidihuzhu offers three products: mutual insurance, crowdfunding and commercial insurance. All their services are conducted through the platform’s official WeChat account, where users could postcrowdfunding campaigns, buy insurances, or claim indemnities according to their policies.

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Sheng Fu

Investment focus

SaaS, Social, Internet
Seed, Series B, Funding Round
United States, China

Portfolio highlights

Bijixia — Bijixia is a digital media that provides business knowledge management services.
Markable Creators(Markable AI) — Boost commissions by 600% and save 2+ hours each day with an AI powered all-in-one app for affiliate monetization, follower growth, and social commerce
Nanigans — Nanigans provides an advertising automation software that powers the in-house performance marketing teams. Offered as Software-as-a-Service, Nanigans software features programmatic media buying, predictive revenue optimization, and real-time business intelligence across today’s most valuable channels. Nanigans is headquartered in Boston, withoffices in New York, San Francisco, Seattle, London, Sydney, and Singapore.

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Before the founding of Jiuhe Ventures, Wang Xiao was a member of the founding team of Baidu Seven Musketeers. In Baidu's first ten years, Wang Xiao built the underlying system of the first generation of search engines, served as the head of several Baidu star projects, and formed the wireless business unit in the last two years of leavingBaidu. In 2011, Wang Xiao founded Jiuhe Venture Capital and led the investment of 36 companies, the kitchen, Qingyun Qingcloud, Zepp, Fast Drug Delivery, Butter Camera, Eclipse, New Studio, and Good Residence. In the past five years, Wang Xiao has been pursuing the concept of “walking between technology and humanity” to find the top domestic startup companies, and at the same time making full use of the accumulated high-quality Internet resources of the past ten years to provide PR, market, HR and other aspects to the invested enterprises. Services; observe and promote the integration and innovation of the mobile Internet with e-commerce, healthcare, finance, education and the sharing economy.Wang Xiao holds a bachelor's degree in computer science from Beijing University of Posts and Telecommunications and an MBA from China Europe International Business School. He is the Director of Oneflow.

Investment focus

Digital Media, Fashion, Consumer
Seed, Angel
China

Portfolio highlights

Youbu — Youbu offers clothing supply chain services based on digital printing technology.
Tong Shi App — Tong Shi App is an employee communication platform.

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Hu Zemin is a Chinese investor.

Investment focus

Catering, Computer, Internet
Seed, Series A
China

Portfolio highlights

Zhichang Daren — Zhichang Daren is a brand of instant fresh stewed porridge.
Wanche Jiaoshou — Wanche Jiaoshou is an automotive vertical media platform.
Sunmi Technology — Shanghai Sunmi Technology Co., Ltd is a technological innovation-based enterprise that has been focusing on providing O2O internet platforms, software developers, and traditional businesses with professional intelligent commercial hardware equipment that featuring high level of cost performance.Sunmi Tech “Born to intelligent commercialequipment”, helps O2O platforms and software developers on better serving entities and merchants through intelligent hardware products researched and developed by itself, and provides offline merchants with intelligent commercial hardware solutions of the mobile internet age. “Sunmi , stand by you” is our brand concept, which means they will make the business more intelligent together with our partners.Sunmi Tech is the first internet enterprise in the commercial application sector that has received 2 successive rounds of financing from Xiaomi Tech. They also received the strategic investment from outstanding internet enterprises such as Dianping.com and YouShop during Round B. Based on several years of experiences on the R&D of commercial hardware, the Sunmi group hopes to integrate the upstream and downstream supply chains, cooperate with resources on the internet platform, and bring values to the partners as well as the new commercial civilization through ultimate hardware product experiences.

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