# Top 50 Enterprise Software VC (Venture Capital) Funds in China in June 2026 ## Shenzhen Capital Group - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 6 - Stages: Series A, Series B, Series C - Focus: Manufacturing, Health Care, Software Shenzhen Capital Group Co., Ltd (“SCGC”) is a limited venture capital company established by the Shenzhen Government in 1999. Since its establishment, SCGC has focused on cultivating national industries, shaping national brands, promoting economic transformation, and emerging industries developing. SCGC has registered capital of 5.42 billion RMB,and a total AUM of 338.99 billion RMB. SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. By the end of April 2019, SCGC ranked the first based on the number of portfolio companies and the number of listed portfolio companies: 994 portfolio companies, investments totaling 43.9 billion RMB, 145 of which have been listed in 16 capital markets worldwide. ## IDG Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Software, Internet, E-Commerce IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support. ## UnityVC - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Angel, Seed, Series A - Focus: Artificial Intelligence, E-Commerce, Information Technology Unity Ventures began in Beijing in 2011 led by Shaw Wang who was one of the 7 founders of Baidu (NASDAQ:BIDU). As one of the leading local early-stage venture capital firms, they have invested in more than 200 startups, focusing on industrial upgrades, emerging technology, enterprise services, consumption internet and entertainment. They believe“Do valuable things, commercial value will follow". They are committed to adding value in the investment cycle and look forward to long-term cooperation with outstanding entrepreneurs. ## 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. ## Matrix Partners China - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Health Care, Biotechnology, Software Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies.Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have goneon to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors.Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages. ## Qiming Venture Partners - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 3 - Stages: Series B, Series A, Series C - Focus: Health Care, Biotechnology, Medical Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong in China, and Singapore.Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companiesin the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status. ## Cheetah Mobile - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Series A, Angel, Series B - Focus: Software, Artificial Intelligence, Hardware Cheetah Mobile is a mobile internet company that develops mobile applications and provides internet security software for its clients. Its mission critical applications, including Clean Master, CM Security, Battery Doctor, and Duba Anti-virus, help make the internet and mobile experience speedier, simpler, and safer for users worldwide. The Companyalso provides various platform products such as Duba.com, Cheetah browser, game centers, and mobile app stores to provide multiple user traffic entry points and global content distribution channels for its business partners.Founded in 2010 by Robert M. Darroll and Sheng Fu, the principal executive office and major research and development center of Cheetah Mobile are located in Beijing, China. There are also other research and development centers located in Zhuhai, Zhengzhou, Guangzhou, Suzhou, and Hangzhou. ## Sunyard - Type: VC Fund - Location: Hangzhou, Zhejiang, China - Relevant deals: 3 - Stages: Seed, Angel, Series A - Focus: Software, Enterprise Software, Computer Sunyard operates as a financial software solution provider.Sunyard is also one of the earliest software with independent IPR and provides application solutions, achieving profound knowledge in software products and their applications, outsourcing services and environmental technologies. Their products have been widely applied to banking,securities, insurance, industry and commerce, transportation, education, justice, petrochemical, electrical power, and governmental departments. Moreover, Sunyard was publicly listed in Shanghai Stock Exchange in 2002.The company was founded in 1996 and is headquartered in Hangzhou, Zhejiang, China. ## Xiaomi - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Manufacturing, Software, Hardware Play to win vouchers and get up to 50% discounts! ## 01VC - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 3 - Stages: Series A, Seed, Angel - Focus: E-Commerce, Information Technology, Logistics 01vc is a venture capital firm focused on making early-stage investments in mobile internet and marketplace startups such as trading platforms, enterprise service, SaaS, logistics, mobile internet-related finance, e-commerce, and B2B. The firm also invests in the Southeast Asia market. 01vc was established in 2014 and is based in Shanghai, China. ## Sinovation Ventures - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - 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. ## Yonghua Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Manufacturing, Health Care, Education Shanghai Chung Hua Investment Management Co., Ltd. is specialized in Yongjin Group's equity investment management platform. Total investment scale Chung Hua invest over 6 billion yuan, it has invested in more than 80 outstanding enterprises, of which more than 40 enterprises have been successfully listed. Currently Chung Hua investment teamcovering the major cities Beijing, Shanghai, Shenzhen, Xiamen, Hangzhou, Changsha, Chengdu, etc., and in many industries new energy, environmental protection, consumer goods, TMT, agriculture and other in-depth research team. ## Ivy Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Manufacturing, Information Technology, Software Ivy Capital is a premier venture capital and growth equity firm that finances early- or growth-stage companies. They invest in high-growth businesses with defensible business model, strong management team and huge market potential. ## Meridian Capital Asia - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Series A, Series B, Angel - Focus: Internet, Software, E-Commerce Meridian Capital Asia was founded in Singapore in 2008 and has launched nine funds with a total of over 1.5 billion US dollars raised since. It has invested in more than 280 startups, with many notable exits, and has focused on areas such as deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise, advanced manufacturing, renewableenergy, new material, semiconductors, agri-tech, education, internet, and new media, etc. All its partners are from either Singapore, Australia, the US or UK, with extensive experience and knowhow in all technology sectors. Meridian has offices in Singapore, Silicon Valley, Shanghai and Beijing and its investments cover geographies such as SEA, China, US, Mid-east, Japan, and Europe. ## 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. ## Northern Light Venture Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Health Care, Medical, Biotechnology Supporting the next generation of entpreneurs in enterprise, healthcare, and consumer with disruptive potential. ## HSG - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Series B, Series C - Focus: Health Care, Biotechnology, Software We help founders build enduring companies. ## Picus Capital - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Financial Services, Software, FinTech Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow. ## Ultrabuttonwood Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Angel, Series A, Series B - Focus: Gaming, Education, Cloud Computing Ultrapowerfund Capital is a venture capital firm specializing in investment in online games and pre-service education sectors. ## 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. ## Welight Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 2 - 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. ## Score Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Information Technology, Computer, Software As a government-approved private equity fund management institution, SCORE CAPITAL has become one of the most influential asset management institutions in the local capital market. The management team is located in Shanghai, Beijing, and Suzhou.SCORE CAPITAL is established as a partnership by successful people from various industries and fields.The partners utilize and integrate their resources in social relationship, industry experience, and funding sources to create value for investors. The management team is consisting of a number of investment professionals with over 10-year experience in the top-class international and local capital markets.SCORE CAPITAL has funds under management over RMB 10 Billion, and has invested in dozens of projects with successful IPO in domestic and overseas security markets. ## Kunlun Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Seed, Angel - Focus: Biotechnology, Manufacturing, Aerospace Kunlun Capital seeks to invest in technologically innovative companies. Kunlun Capital focuses on innovative business models driven by technology, products and data, and selects leading companies in sub-sectors. ## Eminence Ventures - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Software, Artificial Intelligence, Information Technology Eminence Ventures is a venture capital firm. ## Lotus Lake Ventures - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Health Care, Medical, Biotechnology Lotus Lake Ventures is an investment firm committed to investing in science and technology innovation enterprises, focusing on high-tech and high-tech enterprises with core competitiveness in the initial stage and growth stage.. ## Nanotrend Capital - Type: VC Fund - Relevant deals: 2 - Stages: Series A, Seed, Angel - Focus: Robotics, Aerospace, Advanced Materials Nanotrend Capital is a market-oriented professional equity investment institution with state-owned shares in Suzhou Industrial Park. Nanotrend focuses on equity investment in the nanotechnology application sector, creates a financial environment for the nanotechnology application industry, and enables hard technology companies to scale quickly. ## Zhongguancun Science City Science - Type: VC Fund - Location: Haidian, Beijing, China - Relevant deals: 2 - Stages: Series C, Seed, Series B - Focus: Artificial Intelligence, Software, Manufacturing Beijing Zhongguancun Science Park Innovation Development is a market-oriented operation platform that offers industrial investment services and international cooperation services. ## Albatross Venture - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Seed, Angel - Focus: Software, SaaS, Financial Services The albatross is a large seabird with a length of one meter and three meters of wings. It soars all day long and rises up. When the wind is down, the sea that glides over the stormy sea glides with the wind. When it is against the wind, it runs on the edge of the cliff and goes straight to the sky. No matter the change of the situation, it can"beyond the leisurely walk" in the wind and waves. Our team has an albatross's high morale, struggling in a market that is frightened and violent, and looking for opportunities in the calm. We believe that only by welcoming the wind and the waves can we make our faith to the extreme. ## Junsan Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Manufacturing, Software, Electronics Junsan Capital Investment was established in 2003, is a direct stake in China's domestic investment / acquisition market pioneer, one of the earliest means of equity investment trusts platform to conduct business, professional bodies, which laid the corporate governance norms in the field of private equity, transparent business tradition.After decades of accumulated business and professional heritage, Jun Sheng has developed into a set of venture capital investment (VC), equity (PE), real estate (REITS) and acquisitions (M & A fund) and other private equity investment fund products integrated asset management company. ## Green Pine Capital Partners - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 2 - Stages: Series A, Series B, Angel - Focus: Biotechnology, Software, Manufacturing Shenzhen Green Pine Capital Partners Co. Ltd. (“GPCP”) was established in 2007, with the investment team assembled in 2000. GPCP is one of the most time-honored Chinese VC companies that boast experience in areas such as biotech, new materials, new resources and AI, etc. Currently, GPCP manages assets over 15 billion RMB through 21 special fundsand have invested 7 billion RMB into 388 enterprises among which 14 are listed on NEEQ and 48 of them are either listed or acquired by listed companies, including BGI(300676.SZ), Aurora(600666.SH), Nationz Tech(300077.SZ), Foresee(002530.SZ), Qudian(NASDAQ:QD), etc. GPCP invested in the angel round of BGI (Beijing Genomics Institute), Royole, Kuang-Chi, Appotronics, BMF, C-one, Arrayed Materials and other star enterprises.GPCP is based in Shenzhen, with branches in Beijing, Shanghai and Guangzhou. GPCP also runs two GPI incubators and an incubator for overseas Chinese scientists who start businesses in China. ## PreIPO - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Series A, Series B - Focus: Manufacturing, Advertising, Software PreIPO is a private equity fund that provides investors with access to pre-IPO companies. ## Alibaba Group - Type: VC Fund - Location: Hangzhou, Zhejiang, China - Relevant deals: 1 - Stages: Series A, Series B - Focus: Software, E-Commerce, Artificial Intelligence Alibaba Group operates as an online marketplace connecting buyers and sellers. It provides various e-commerce activities, including retail and wholesale transactions. It also offers cloud computing and digital media services. Alibaba Group serves industries such as retail, logistics, and technology. ## Guangxi Tencent Venture Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series A - Focus: Developer Platform, Solar, Energy Guangxi Tencent Venture Capital is an investment firm. ## China Growth Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, Information Technology, E-Commerce China Growth Capital (CGC) is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in enterprise, technology and marketplace. The typical investment size ranges from $1M to 5M with a hard cap ceiling at $15M per company. Since its founding in 2006, China Growth Capitalhas grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds. Notable portfolio includes SMZDM (300785.SZ), Missfresh (NASDAQ:MF), Wish (NASDAQ:WISH), Tongdun, Tiger Brokers (NASDAQ: TIGR), BeyondHost (now part of Meituan 03690.HK), Ezbuy (NASDAQ:LITB), Cai Cloud (now part of ByteDance), PingCAP, DeePhi (now part of NASDAQ: XLNX), Airlango (now part of HKEX:03690), Nreal, Landspace, WeRide, Plus.ai, Sinovation, Singleron, 4B, ABM Therapeutics and InxMed etc. ## Yingke Capital - Type: VC Fund - Location: Fuzhou, Jiangxi, China - Relevant deals: 1 - Stages: Series B, Seed - Focus: Health Care, Biotechnology, Manufacturing Yingke Capital is a principal investment firm specializing in pre-IPO investments. It seeks to invest in 5G internet of things, biomedical, environmental and facilities services, new energy, consumer upgrade, smart manufacturing and materials sector. Yingke Capital prefers to invest in companies with high technology R&D and productioncapacity. Mingfei Qian founded it in 2010, with its headquarters in Fuzhou in China. ## China Equity - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Angel - Focus: Software, Internet, Information Technology ChinaEquity is China's private merchant bank engaging in VC, PE, Direct investments as well as investment management. It provides one-stop cross-border VC PE and direct investments to high-tech enterprises throughout the Greater-China Region.The company uniquely positions itself to the booming Chinese technology, media, telecommunications,biotechnology and environmental technology, sports, medicine and the natural resource industries, and aims to equilibrate the demand and the supply in the capital market and provide total solutions to all parties on the capital flow chain.Clear development strategy and innovative business model has helped ChinaEquity to achieve outstanding performances. Its resources and networks extend all over the Silicon Valley, Wall Street, Europe and Greater China. International strategic alliance and partnerships allow the company to be able to cover all stages of investment and financing. Since inception, ChinaEquity has achieved a promising portfolio of investments and has established a high-quality customer base.ChinaEquity fully understands the political, economic and cultural environment in Greater-China, is well experienced in international capital market operations, and familiar with development trend. The company maintains long-term and favorable communications with Chinese governmental bodies, international financial institutions and high-tech enterprises.ChinaEquity was founded in 1999 by Mr. Chao Y. Wang, formerly the Vice President and Beijing Chief Representative of Morgan Stanley Dean Witter. The senior partners and executives joined ChinaEquity from international and domestic renowned financial institutions and high-tech enterprises. ## Fosun International - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Health Care, Manufacturing, Information Technology Fosun International Limited is a Hong Kong-based investment holding company engaged in financial, property, steel, and healthcare businesses. The Company has nine segments. Insurance operates and invests in insurance businesses. Investment is engaged in strategic investment, private equity investment, venture capital investment, and secondarymarket investment.Fosun International Limited was founded in 1992. ## Three Gorges Xintai Fund - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B - Focus: Enterprise, Big Data, Hardware Three Gorges Xintai Fund is an investment Fund . ## AngelVest - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Mobile, Education, Apps Angel Vest Group are are a group of 70+ active Angel investors who invest and provide mentorship for startups. Apply for Funding or Become a Member today. ## Tianjin Venture Capital - Type: VC Fund - Location: Tianjin, Guangdong, China - Relevant deals: 1 - Stages: Seed, Series A - Focus: Manufacturing, Information Technology, Health Care Tianjin Venture Capital is an investment firm. ## Taiya Investment Group - Type: VC Fund - Location: Quanzhou, Fujian, China - Relevant deals: 1 - Stages: Series A, Seed - Focus: Software, Robotics, Hardware Taiya Investment organization invests in projects that are approved by national regulations, such as industry, trade, creative industries, corporate equity investment, real estate, and many more. ## CDF-Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Manufacturing, Software, Information Technology CDF-Capital is a private equity firm invests in growth and early-stage companies and its business covers 3+1 investment, including equity investment (start-up investment, M&A investment, industrial investment) and incubation investment (Chuangzhan Incubator). Since its establishment, it has received funding and recognition from the StateMinistry (Ministry of Finance, Ministry of Science and Technology), government guidance funds, parent funds, banks, and insurance companies. ## Security Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series B, Angel - Focus: Security, Big Data, Data Storage Security Capital is a private equity firm launched by Chinese internet security major Qi An Xin Group. ## Huatai Health Fund - Type: VC Fund - Relevant deals: 1 - Stages: Series C, Seed, Series B - Focus: Biotechnology, Medical, Health Care Huatai Health Fund is an investment firm. ## BlueRun Ventures - Type: VC Fund - Location: Menlo Park, California, United States - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, Mobile, Robotics BlueRun Ventures is a venture capital firm with offices in the United States, Shanghai, Beijing, and Korea. BlueRun invests in information technology, mobile, and consumer technologies, with an emphasis on mobile opportunities. BRV has invested in over 160 companies, with select exits from PayPal (acquired by eBay), Waze (acquired by Google),Topsy (acquired by Apple), Coupa (NASDAQ: COUP), and more. In 2005, BlueRun changed its name from Nokia Venture Partners. While branded as Nokia Venture Partners, the firm helped to build emerging market leaders such as Airgo, Bitfone, Cornice, PayPal, Wavemarket, and WiderThan. ## X Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Series A, Series B - Focus: Software, Manufacturing, Hardware Founded in October 2015 by Mr. Yang Xi, a partner of Silicon Valley's famous fund, Defengjie China, the company is committed to becoming the top brand of China's high-tech venture capital. The core team comes from first-line investment and industrial institutions such as Defengjie, ARM and Chinese Academy of Sciences. With an average ofmore than 10 years of high-tech investment and industry experience. Yanyang Capital adheres to the values ​​of “scientific and technological development, rich and ethical” and adheres to the investment philosophy of “active”, “positive”, “growth” and “value”, focusing on technology-driven in the fields of Internet of Things, artificial intelligence and intelligent manufacturing. Investment in a start-up enterprise with a single project scale of RMB 10-40 million. So far, it has successfully invested in Hengshi Technology (Smart Grid, 300513), and Eagle Electric (Intelligent Manufacturing, Changyuan Group 600525 M&A), Shanghai Dajun (Electric Vehicle, Zhenghai Magnetic Materials 300224 M&A, Shanghai Junyi, Yinghantong, Zhongrun Optics and Weiner Star, etc., have built a systematic industrial ecological layout in the field of Internet of Things and artificial intelligence. ## Chang An Hui Tong Fund - Type: VC Fund - Location: Xian Shi, Shaanxi, China - Relevant deals: 1 - Stages: Series A, Series B - Focus: Semiconductor, Virtual Reality, Service Industry Chang'an Huitong is the provincial state-owned capital operation company in the province approved by the provincial government. ## Infore Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Series B, Series A - Focus: Information Technology, Artificial Intelligence, Apps Infore Capital is an integrated asset management company. ## Source Code Capital - Type: VC Fund - Location: Chaoyang, Liaoning, China - Relevant deals: 1 - Stages: Series B, Series A, Series C - Focus: Software, E-Commerce, Artificial Intelligence Founded in 2014, Source Code Capital is a leading China VC focused on the broad TMT sectors and investing in both early stage start-ups and growth stage companies. With $1.5 billion and RMB 3.5 billion under management, Source Code Capital has been successfully partnering with close to 150 leading Chinese technology founders since inceptionincluding Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare. ## Addor Capital - Type: VC Fund - Location: Nanjing, Jiangsu, China - Relevant deals: 1 - Stages: Series A, Series B - Focus: Manufacturing, Semiconductor, Electronics Addor Capital offers investment services by financing early stage ventures and holding securities of other companies.