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Top 50 Marketplace Startup Investors in China in May 2026

A list of 50 angel investors and VC (Venture Capital) funds that invest in Marketplace startups based in China. We rank investors based on the number of investments they made in Marketplace companies from China. We update this investor list every month.

Top 50 Marketplace Startup Investors in China in May 2026

Investor Marketplace China investments
ZhenFund 39
IDG Capital 38
Plum Ventures 31
HSG 27
Shunwei Capital 27
K2VC 26
Meridian Capital Asia 23
Matrix Partners China 23
UnityVC 22
Qingsong Fund 21
QF Capital 19
Sinovation Ventures 18
Vision Plus Capital 18
GF Xinde Investment Management 17
Eastern Bell Capital 17
N5Capital 17
Tiantu Capital 16
Capital Today 16
Crystal Stream Capital 15
Oriental Fortune Capital 15
China Growth Capital 15
Qiming Venture Partners 15
Eagles Fund 14
Source Code Capital 14
Telescope Investment 14
GSR Ventures 14
Welight Capital 14
Luminous Ventures (former Lightspeed China Partners) 14
Tunlan Investment 13
5Y Capital 13
Ameba Capital 13
Gaorong Capital 13
PreAngel 13
Innoangel Fund 13
Cowin Capital 13
GGV Capital 12
NewMargin Ventures 12
Hillhouse Investment 12
Frees Fund 12
LongLing Capital 12
Ventech China 12
DT Capital Partners 12
DCM Ventures 11
Share Capital 11
Peeli Ventures 11
Galaxy Capital 11
Buhuo Ventures 11
Ceyuan Ventures 11
Ferry Venture Capital 11
Sky Saga Capital 11

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Investor list
ZhenFund
VC Fund · Beijing, Beijing, China

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.

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Investment focus

  • Artificial Intelligence, Software, E-Commerce
  • Series A, Seed, Series B
  • China, United States, Singapore

Portfolio highlights

  • Teable — Teable is an AI-driven, no-code, enterprise-grade database built on PostgreSQL that uses a spreadsheet-like interface to enable rapid creation of complex applications. It supports AI integration, real-time collaboration, and private deployment, offering a fast, scalable, and secure solution for efficient app development without coding.
  • ImageDT — ImageDT is a Enterprise services company.
  • Zhaogang.com — Zhaogang.com is a website that is specialized in steel trading information services for buyers and suppliers. Zhaogang.com obtained ten millions of dollars in angel funding at the end of 2011. It was launched in 2012.
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IDG Capital
VC Fund · Beijing, Beijing, China

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

  • Software, Internet, E-Commerce
  • Series A, Series B, Series C
  • China, United States, India

Portfolio highlights

  • Jumeng — Jumeng is a developer of a logistic service platform. The company based in Shanghai, China.
  • CreditEase — CreditEase is a business consulting firm that offers wealth management services. It caters areas such as wealth management, credit management, microfinance investment, and microcredit loan origination, and servicing. It operates a peer-to-peer platform that connects lenders with creditworthy borrowers, enabling under-banked students, professionals,and farmers to get loans. The company was founded in 2006 and is based in Beijing, China.CreditEase is a leading FinTech conglomerate in China, specializing in inclusive finance and wealth management, including payment technology, marketplace lending, crowdfunding, robo-advisory, insurance technology, and blockchain products and services. CreditEase actively engages with global FinTech innovators through business incubation, commercial cooperation and investment.
  • Cloud Map and Action — CloudMap is an AI technology innovation company dedicated to exploring and breaking through cutting-edge technologies in geographic information and spatial intelligent computing.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China

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.

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Investment focus

  • E-Commerce, Manufacturing, Software
  • Series A, Angel, Seed
  • China, United States, Hong Kong

Portfolio highlights

  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • HooRii Technology — HooRii Technology is a provider of commercial distribution software systems spawned by the structural Internet of Things concept. It specializes ini end-to-end, edge-to-edge, software, hardware, and other Thread solutions.
  • Ruisi Zhilian Technology — Beijing Ruisi Zhilian Technology Co., Ltd. is an innovative technology company specializing in AI computing power management and scheduling. it is committed to building an industry-leading data center-grade AI computing power management platform and solutions.
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HSG
VC Fund · Beijing, Beijing, China · 10 investments in the past 12 months

We help founders build enduring companies.

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Investment focus

  • Health Care, Biotechnology, Software
  • Series A, Series B, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • MarqVision — Effortlessly discover and remove counterfeits to protect your sales and reputation.
  • Midas — Midas is the first neobroker of Turkey, providing zero commission Turkish and American stocks.
  • Yunzhou Zhiwei — Yunzhou Zhiwei is a high-tech startup focused on serving large-scale equipment maintenance industries such as aviation, aerospace, shipbuilding, and rail transit. It leverages smart maintenance concepts and advanced digital technologies to make complex equipment maintenance more efficient and lean. The company drives industrial transformationtoward intelligent maintenance, helping enterprises enhance growth, efficiency, and operational excellence.
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Shunwei Capital
VC Fund · Beijing, Beijing, China

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.

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Investment focus

  • Manufacturing, Software, Internet
  • Series A, Series B, Series C
  • China, India, United States

Portfolio highlights

  • CertiK — CertiK, the largest Web3 security service provider, uses AI and formal verification to protect and monitor smart contracts and protocols, securing the Web3 ecosystem.
  • Snapmaker — Snapmaker is dedicated to providing an integrated platform empowering everyone to create things with ease that just wasn’t there before.
  • Shouxing Technology — AheadForm is pioneering the development of realistic humanoid robots designed to revolutionize human-robot interaction. Our current focus is on creating sophisticated humanoid robot heads that can express emotions, perceive their environment, and interact seamlessly with humans. By combining cutting-edge AI and advanced robotics, we aim to bring life to machines and transform the way humans engage with technology.
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K2VC
VC Fund · Beijing, Beijing, China

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.

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Investment focus

  • E-Commerce, Manufacturing, Biotechnology
  • Series A, Seed, Angel
  • China, United States, Japan

Portfolio highlights

  • Zhicheng Power — Zhicheng Power is a fully automatic life service provider that specializes in the research, development, and manufacturing of household intelligence robots and other smart equipment, offering one-stop fully automatic life service solutions to all consumer families.
  • Tongwei New Energy — Tongwei New Energy is a company that manufactures zero-carbon solid oxide fuel cells. Its major product is distributed zero-carbon power plants.
  • Zhongling Xingneng — Zhongling Xingneng provides green energy services. It focuses on household photovoltaics and the topic of distributed photovoltaics. It delivers solutions for the whole life cycle of rooftop photovoltaic power plants, including investment, consultancy, design, building, operation, and maintenance, to residents and industrial and commercialcompanies. New energy ecological sectors, such as energy storage and wind power, will be developed in the future.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China

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.

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Investment focus

  • Internet, Software, E-Commerce
  • Series A, Series B, Angel
  • China, Latvia, Hong Kong

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Keyou Network — Data processing service provider
  • Xiaoneng Technology — Xiaoneng Technology is a company that provides online customer service solutions for e-commerce websites. Committed to providing real-time shopping guide and online customer management system LiveCRM for all online transactions and online display products and services, affiliated to Beijing Nengtong Tianxia Network Technology Co., Ltd.
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Matrix Partners China
VC Fund · Beijing, Beijing, China

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.

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Investment focus

  • Health Care, Biotechnology, Software
  • Series A, Series B, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • iOranges Automation — ioranges Automation is an AI & Robotics Company.
  • Ucello Therapeutics — Ucello Therapeutics is engaged in development of allogeneic cell therapies using its proprietary CAR-T cell technology platform CBT-X20.
  • Aureka Biotechnologies — Aureka Biotechnologies is a pioneering biotech firm dedicated to democratizing the pharmaceutical sector in order to conquer sickness.
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UnityVC
VC Fund · Beijing, Beijing, China

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.

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Investment focus

  • Artificial Intelligence, E-Commerce, Information Technology
  • Angel, Seed, Series A
  • China, Hong Kong, Singapore

Portfolio highlights

  • ONE2X — From intelligence to infinity
  • Youbu — Youbu offers clothing supply chain services based on digital printing technology.
  • Weiguang Dianliang — Weiguang Lights Up is a technology promotion and service provider dedicated to the research, development, and application of AI-driven intelligent hardware and software solutions. By integrating cutting-edge artificial intelligence, cloud computing, and IoT technologies, the company delivers innovative products and services that enhance automation,efficiency, and user experience across various industries.
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China

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.

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Investment focus

  • Manufacturing, Internet, Education
  • Series A, Angel, Seed
  • China, United States, Canada

Portfolio highlights

  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Shufang New Energy — Shenzhen Sufang New Energy focuses on the research, development, and production of lithium-rich manganese-based cathode materials.
  • Tongwei New Energy — Tongwei New Energy is a company that manufactures zero-carbon solid oxide fuel cells. Its major product is distributed zero-carbon power plants.
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QF Capital
VC Fund · Shenzhen, Guangdong, China

QF Capital is a fund management company that focuses on private equity investments.

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Investment focus

  • E-Commerce, Artificial Intelligence, Software
  • Series A, Seed, Angel
  • China, Hong Kong, United States

Portfolio highlights

  • Xinwuzhan — Xinwuzhan builds a B2B mobile e-commerce platform in the field of frozen aquatic products. It combines the advantages of refrigerated storage, aquatic product processing, aquatic product artificial breeding, international ocean fishing and cold chain logistics in related industries. It was formally established in Beijing on December 12, 2017.
  • Puyu Technology — Puyu Technology is committed to providing high-performance micro-nano manufacturing solutions.
  • Coherent Technology — Coherent Technologies, a company that provides superconducting quantum computing technology solutions and quantum computing services, was founded at the Beijing Academy of Quantum Information Science. Leveraging the academy's foundation in superconducting quantum computing science and engineering research, Coherent Technologies has graduallyconstructed a complete superconducting quantum computing measurement and control solution, as well as the ability to develop complete quantum computers.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China

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

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Investment focus

  • Software, Artificial Intelligence, Internet
  • Series A, Seed, Series B
  • China, United States, Singapore

Portfolio highlights

  • BasePoint Origin — BasePoint Origin is a high-tech company focused on developing an AI operating system that automatically characterizes enterprise business processes. This system replaces traditional manual methods—such as expert visits, data collection, and modeling—with AI, greatly enhancing the efficiency and accuracy of optimizing business processes.
  • Lanzhou Technology — Lanzhou Technology is a cognitive intelligence company that provides business insights products.
  • Zongwei Automation — Shanghai Zongwei Automation Co., Ltd. (ZONGWEI) is a research and development enterprise focusing on automation flexibility technology and solutions. The company has leading linear motion control core technology and experience, and independently developed key supporting equipment such as controllers, driver series and feedback systems dedicated tolinear motion. High-performance products and super-optimal solutions have been widely used in semiconductors, new energy, high-end daily chemicals, 3C electronics and other fields, improving delivery efficiency and reducing production costs for many world-class industrial giants and listed company customers.
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Vision Plus Capital
VC Fund · Hangzhou, Zhejiang, China

Vision Plus Capital (also known as Yuan Jing Capital) focuses on the Internet innovation, consumer upgrades, digital medical, intelligent technology four areas, the RMB and the dollar double currency investment. Yuan Jing Capital for the start-up enterprises to provide multi-faceted help, including the introduction of talent, strategy carding,operational upgrading, financing strategies.Founded in 2015, it was composed of team members for first-line Internet company's core positions of experts and domestic first-tier VC senior investors, for the start-up companies to provide practical experience and team support.

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Investment focus

  • E-Commerce, Health Care, Artificial Intelligence
  • Series A, Series B, Series C
  • China, United States, Canada

Portfolio highlights

  • Abio — Abio is a firm that specializes in intelligent fermentation technology platforms. It integrates mathematical models and AI with biological and fluid information to promptly and cost-effectively realise biomanufacturing from laboratory to mass production.
  • Fantuan — Order food with Fantuan Delivery. Get the best Asian food delivered to your door from your favorite local restaurants. Everyday promotion.
  • Zero One Auto — Zero One Auto is a new energy-efficient heavy-duty truck developer company.Zero One Auto creates new energy-efficient heavy-duty vehicles with advanced autonomous driving characteristics. The first batch of products is separated into two models, with an emphasis on the new energy heavy-duty truck short-distance freight market.
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GF Xinde Investment Management
VC Fund · Guangzhou, Guangdong, China

GF Xinde Investment Management Co., Ltd. was established in 2008 through the approval of the China Securities Commission on Direct Investment, with registered capital of RMB 2.3 billion. GF Xinde is one of the leading direct investment brokerages in China. Through a deep understanding of capital markets, known for integrity, professionalservice, and possessing an abundance of industry resources; GF Xinde not only provides strong financial support to investing corporations, but imparts a wealth of advanced management experience and access to a national business network. Supported by the comprehensive strengths of GF Securities, GF Xinde will assist the invested enterprise with establishing a strategic, long-term plan for growth by increasing their management efficiency, building the ideal capital structure, and a strong platform necessary for a successful IPO. All possible types of investments, merger and acquisitions, business, and technical cooperation opportunities will be provided for the invested enterprise. This will ensure the mutual benefits of both the Company and the invested enterprise are financially sound and increase the overall investment value through business synergies.As a direct investment brokerage, GF Xinde provides distinct advantages in regards to investment resources, market research, professional expertise, mergers and acquisitions and IPO experience. As of December 2014, GF Xinde’s accumulated total assets under management exceeded RMB 5 billion, with 16 successful IPOs, ranking first amongst the industry in both scale and number of successful public offerings.Currently, the Company has successfully created a number of diverse management funds: mezzanine funds, merger and acquisition funds, private equity funds, and other investment funds, covering but not limited to a wide range of industries, such as medicine, consumer stocks, and the internet.

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Investment focus

  • Manufacturing, E-Commerce, Biotechnology
  • Series A, Series B, Angel
  • China, United States, Hong Kong

Portfolio highlights

  • Ling Universe — Lingyuzhou is a company focused on artificial intelligence.This innovative technology company focuses on human-computer interaction, aiming to create "partner-like" AI robot products for families and individuals worldwide , reshaping the way humans interact with computers.
  • Jade Bird Display — Jade Bird Display (JBD) is the leading manufacturer of microLED microdisplays. Our active matrix microLED displays are extremely small (0.31" to 0.13" diagonal) with high pixel density (5000 - 10,000 PPI) and are capable of emitting upto 4 million Nits.
  • Spirit AI — Spirit AI develops 'Universal Brains' for robotics, specializing in general-purpose embodied models that bridge the gap between simulation and real-world deployment. These models provide robots with robust generalization and precise physical interaction capabilities across diverse environments. Technical efficacy is validated by theSpirit Series (notably Spirit v1.5), which currently leads the RoboChallenge global benchmarks. Through rigorous R&D, Spirit AI aims to integrate versatile robotic companions into the modern workforce, advancing the era of embodied AI.
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Eastern Bell Capital
VC Fund · Shanghai, Shanghai, China

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.

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Investment focus

  • E-Commerce, Manufacturing, Logistics
  • Series A, Series B, Series C
  • China, Hong Kong, Singapore

Portfolio highlights

  • Tophant — Tophant is a innovative Internet security service provider in China. Its business brands include: New Internet Security Media “FreeBuf”, Network Security Public Testing Service Platform “Vulnerability Box”, Holographic Security Monitoring and Data Analysis Products "Douxiang Intelligent Security Platform".
  • Unbounded Dynamics — Unbounded Dynamics is a robotics and embodied intelligence startup focused on developing foundational AI “brains” and operational intelligence for robots and autonomous systems aimed at industrial and B-end scenarios. It works on the coordination of perception (“eyes”), manipulation (“hands”), and decision-making (“brain”) in physical robots bybuilding general basic models and expert system integrations as part of a hardware-software architecture to enable continuous iterative evolution of embodied intelligence.
  • Qingxian Intelligence — Qingxian Intelligence is a smart office and home office technology company. The company focuses on smart, comfortable, and healthy office scenarios.
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N5Capital
VC Fund · Beijing, Beijing, China

N5Capital is a Beijing-based leading venture capital firm focusing on early stage investment in mobile internet. N5Capital is the only early stage USD venture fund in China specializing in mobile internet, big data and cloud’s disruptive convergence with consumer sectors. N5 believes these technologies are emerging to be the infrastructure ofproductivity growth and consumer behavior transformation. Founded in 2013 by Mr. Will Jiang and Mr. Weiguo Zhao, N5Capital is currently managing two RMB funds and one USD fund, with the total capital managed at $350 million USD. In 2016, N5Captial was awarded the Top 20 Early Stage Venture Capital Firm in China. The power of mobile disruption in the internet savvy Chinese population guarantees a strong investment potential. With more than 60 companies in its portfolio, N5Capital has represented some of the most leading-edge tech companies, including Talking Data, 360 Finance, Car 300, Hot & Hot, Viva Video, LGD, Ofashion and inMotion/SoloWheel. N5Capital has a unique GP team combination with a collective successful track record spanning from angel, early stage, and growth stage to corporate M&A with approximately 30 years combined investment experience. N5Capital analyzes in consumer sectors such as finance, retail, housing, automobile, travel among others and invests in start-ups that thrives on either build or leverage the underlying technology to disrupt or recreate the industry value chain . Through an expansive network, in-depth industry analysis and rigorous user behavior research, N5Capital is shifting the investment landscape for both start-ups and investors. For more information, visit www.n5capital.com.

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Investment focus

  • E-Commerce, Internet, Gaming
  • Series A, Seed, Series B
  • China, United States, India

Portfolio highlights

  • Feiyu — Feiyu is an online purchasing platform for luxury trading bags.
  • Harmay — HARMAY is based on contemporary fashion and aesthetics, conveys the concept of beauty and beautiful life. Covering first well-known international cosmetics and skin care brands products, global unique boutiques, and HARMAY’s own products,
  • Zhongying Cross-border — Zhongying Cross-border is a cross-border e-commerce comprehensive service platform.
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Tiantu Capital
VC Fund · Shenzhen, Guangdong, China

Tiantu Capital is a venture capital association.

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Investment focus

  • Food and Beverage, E-Commerce, Medical
  • Series A, Series B, Series C
  • China, United States, Japan

Portfolio highlights

  • RIGHTWAY — Ruiwei New Materials is a developer of biodegradable materials focused on applying them to the consumer market. It provides end-brand customers with integrated solutions from laboratory research and development to material processing and manufacturing.
  • Xellar Biosystems — Xellar Biosystems is a wet artificial intelligence biotechnology company that provides analysis of drug testing and treatment.
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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Capital Today
VC Fund · Shanghai, Shanghai, China

Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China. CapitalToday's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles. Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's "3 Weapons"). Capital Today is a strong believer of long term investment and tends to hold the investment for many years. Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.

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Investment focus

  • E-Commerce, Food and Beverage, Retail
  • Series A, Series B, Series C
  • China, United States

Portfolio highlights

  • Sand.ai — Sand AI is an AI company that focuses on producing videos.
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • Moonshot AI — Dark Side of the Moon is an AI large-scale model company.
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Crystal Stream Capital
VC Fund · Beijing, Beijing, China

Crystal Stream Capital specializes in making early-stage investments in the technology, media, and telecommunications sector.

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Investment focus

  • E-Commerce, Fashion, Internet
  • Series A, Series B, Seed
  • China, United States, Egypt

Portfolio highlights

  • ONE2X — From intelligence to infinity
  • Robot Era — Robot era is an emerging technology business creates embodied intelligence and generic humanoid robot technologies and products. Xingdong Era is committed to the development of universal humanoid robots that can adapt to a wide range of fields, multiple scenarios, and high intelligence, striving to realize the beautiful vision of intelligent robotsentering thousands of households and integrating into the lights of thousands of homes.
  • Yupan Technology — Yupan Technology specializes in the core control technology of car intelligent chassis, offering secure chassis execution systems and global stable intelligent control solutions.
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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China

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.

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Investment focus

  • Manufacturing, Software, Information Technology
  • Series A, Series B, Seed
  • China, United States

Portfolio highlights

  • BuChou Quantum — BuChou Quantum’s vision is to create quantum computers with real, practical application value by pursuing deep “software–hardware synergy,” meaning they design quantum hardware and quantum software in tandem so each enhances the other, enabling more powerful, efficient, and usable quantum computing systems.
  • Soundbridge AI — Soundbridge AI specializes in developing cutting-edge, AI-powered speech rehabilitation solutions designed to assist individuals with speech impairments in improving communication skills through personalized, adaptive therapy.
  • Spirit AI — Spirit AI develops 'Universal Brains' for robotics, specializing in general-purpose embodied models that bridge the gap between simulation and real-world deployment. These models provide robots with robust generalization and precise physical interaction capabilities across diverse environments. Technical efficacy is validated by theSpirit Series (notably Spirit v1.5), which currently leads the RoboChallenge global benchmarks. Through rigorous R&D, Spirit AI aims to integrate versatile robotic companions into the modern workforce, advancing the era of embodied AI.
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China Growth Capital
VC Fund · Beijing, Beijing, China · 2 investments in the past 12 months

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.

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Investment focus

  • Software, Information Technology, E-Commerce
  • Series A, Series B, Seed
  • China, United States, Hong Kong

Portfolio highlights

  • Mech-Mind Robotics — Mech-Mind is dedicated to giving intelligence to industrial robots. Through core technologies such as machine vision (2D/3D), advanced programming models, fast environment awareness, intelligent decision making, and autonomous path planning, robots will no longer be a clumsy machine that can only repeat actions, but become available toeveryone and available everywhere. Smart helper. The company's core products are high-performance 3D cameras, visual AI algorithms and software, robot motion algorithms and software, and can provide reference designs and field services for a variety of typical applications. Mecamand's complete solution enables robot manufacturers and integrators to quickly upgrade their artificial intelligence capabilities to perform applications such as disordered object capture, visual guided unraveling, mixed palletizing, and precision positioning assembly.
  • Butterfli — Butterfly is a manufacturer of prefilled syringes. It focuses on using the next-generation high-performance materials COC&COP to produce prefilled syringes without silicone oil systems, and is committed to breaking the international monopoly and promoting the material revolution in China's pharmaceutical packaging industry.
  • Tongxin Medical Equipment — Tongxin makes magnetically-suspended artificial blood pumps which are designed to replace the human heart. They are undergoing clinical trials in China after being fast-tracked through the approval process by the National Medical Products Administration, state-run Xinhua News Agency
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China

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.

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Investment focus

  • Health Care, Biotechnology, Medical
  • Series B, Series A, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • iMile — iMile is a logistics and courier services provider across the Middle East. It is the first courier company providing smart logistics and courier services to the e-Commerce business and brings the unique value of solving Cash On Delivery (COD). iMile offers a wide range of services like Cash on Delivery with tracking, Real-Time online tracking, 24hours Customer support through Email, Chat, Social Media, SMS, International Transport, Overseas warehouses, and last-mile delivery.
  • Windward Bio — Windward Bio is a clinical-stage, drug development company committed to improving outcomes for people living with advanced immunological diseases.
  • Microtide Biotechnology — Microtide Biotechnology is an innovative company specializing in the field of in vivo cell therapy. The company is dedicated to advancing next-generation biomedical technologies that harness the body’s own cellular mechanisms for disease treatment, focusing on developing safe, effective, and precise therapeutic solutions to improve patient outcomesand redefine the future of regenerative medicine.
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Eagles Fund
VC Fund · Beijing, Beijing, China

Eagles Fund is a diversified angel fund and family fund.

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Investment focus

  • Information Technology, Media and Entertainment, Internet
  • Angel, Series A, Seed
  • China, United States

Portfolio highlights

  • Cai Xiaomi — Cai Xiaobi provides Saas service for supply chain service in agri foods.
  • Star Speed Store — Star Speed Store is a delivery robot provider. Star Speed Store provides hotels with delivery robots for delivering food, packages, and room service within eight minutes – a typical last-mile journey on the premises.
  • Tianbing Technology — Tianbing Technology is an advanced aerospace propulsion system supplier and aerospace vehicle provider. Tianbing Technology independently develops the next-generation ambient temperature green HCP liquid propellant and minimalist aerospace propulsion system. As an upgraded product of traditional chemical propulsion system, it can meetcost-effective aerospace. Advance system supporting needs. The next-generation green HCP aerospace propulsion system, first tested by Tianbing Technology, can be used in the small-vehicle main power and launch vehicle upper-level propulsion system.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China

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.

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Investment focus

  • Software, Artificial Intelligence, E-Commerce
  • Series A, Series B, Series C
  • China, United States, Singapore

Portfolio highlights

  • YQN — YQNLink specializes in digital logistics, providing a comprehensive suite of international logistics services. This includes sea freight, air freight, rail freight, and multimodal transportation solutions. With a focus on leveraging digital technology, YQNLink aims to enhance supply chain transparency and efficiency, making shipping processessimpler for businesses. The company offers consultative services to tailor logistics solutions to specific business needs, ensuring a streamlined and effective logistics strategy. YQNLink's acquisition of COPE, a cross-border e-commerce logistics firm, further expands its capabilities in serving the e-commerce sector.
  • SeeYA Technology — SeeYA Technology is a high-tech company specializing in R&D, design, production and sales of new-generation semiconductor OLEDoS display, and providing customers with micro-display components, modules and related solutions. There is a comprehensive product line to full fill different demands from AR/VR, drones, thermal devices, nightvision equipment etc.
  • Starna Therapeutics — Starna Therapeutics offers development of innovative drugs with RNA as the core, and has an industry-leading RNA and organ-selective delivery technology platform with independent intellectual property rights; the company has established a rich R&D pipeline , covering infectious disease vaccines, tumor immunity and other fields.
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Telescope Investment
VC Fund · Beijing, Beijing, China · 1 investment in the past 12 months

Telescope Investment is a private equity fund focusing on VC/PE investment projects in Chinese market. The office is located in Beijing. The founding team created its unique investment system out of their profound experience in consumer industry and advanced investment philosophy. Telescope Investment mainly focus on those top enterpriseswith high brand value in consumer goods, chain service, education, medical&health and culture industry. The investment stage covers both early stage and maturity stage and the investment scale varies from millions of dollars to tens of millions of dollars according to the specific circumstances of the projects.The investment team is composed of intelligent investment professionals with remarkable management ability and profound financial practical experience. As an emerging force in Chinese capital market, Telescope Investment spares no efforts to help Chinese enterprises achieve success with its advantages on intelligence, social resources and capital operation.

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Investment focus

  • E-Commerce, Information Technology, Fashion
  • Series A, Angel, Series B
  • China, Nigeria, Australia

Portfolio highlights

  • Sucheon — Sucheon is an artificial intelligence high-tech enterprise that focuses on machine noise recognition and non-contact production process monitoring and equipment failure prediction.The main solution for the company's product machine auscultation master is to collect machine noise from the SC Box, which is placed in an industrial environment, toextract sound feature values, and to use machine learning to identify the real-time operating status of industrial equipment and the various components. Health indicators .
  • Starwhale — Star Whale Technology is an AI management and collaboration service provider that focuses on MLOps services, developing two functional data and model platforms and providing products and services such as MLOps platforms and tools.
  • Lingyu Intelligence — Lingyu Intelligence engages in the manufacturing and sales of industrial robots, intelligent robots and service consumer robots.
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GSR Ventures
VC Fund · Palo Alto, California, United States

GSR Ventures is a venture capital firm focused on technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology.The firm backs entrepreneurs building disruptive businesses that have the potential to dominate multi-billion dollar markets. GSR Ventures currently manages about $3.7 billion across itsfunds.

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Investment focus

  • Software, Artificial Intelligence, Information Technology
  • Series A, Series B, Seed
  • China, United States, Singapore

Portfolio highlights

  • Medable — Medable is powering the future of clinical trials, with our decentralized and remote trial platform.
  • Shihang Intelligent — Shihang Intelligent is a company that creates water robots and intelligent unmanned equipment. It requires "the ability to fight in wartime and respond in emergencies, with a focus on independent research and development, production, and sales of water robots and intelligent unmanned equipment. The company focuses on surface/underwaterspecial operation robots and takes "being able to fight in wartime, respond in emergencies, and provide peacetime services"
  • Hezhong Enterprise Cloud — Hezhong Enterprise Cloud offers digital working capital solutions for enterprises. They use proprietary algorithms to create a reasonable market pricing model, improve capital flow efficiency, and achieve a win-win situation for both parties.
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Welight Capital
VC Fund · Shenzhen, Guangdong, China

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

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Investment focus

  • E-Commerce, Education, Information Technology
  • Series A, Series B, Funding Round
  • China, Hong Kong, United States

Portfolio highlights

  • iEduGPT — iEduGPT is an AI-powered learning platform based in Singapore that offers personalized, adaptive learning solutions for professional and academic exam preparation. It leverages artificial intelligence to analyze individual learners' strengths and knowledge gaps and create optimized study paths. The platform aims to transform exam preparationby making learning smarter, more efficient, and tailored to each user’s unique needs, covering certifications in finance, academics, and languages.
  • besimple AI — besimple AI is a software company that provides AI-based data annotation infrastructure designed for model training.
  • M.AI Unbound — Scale Google Ads with AI PPC management. MAI connects your data, finds profit-driving opportunities, and optimizes campaigns daily with full transparency.
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Luminous Ventures (former Lightspeed China Partners)
VC Fund · Shanghai, Shanghai, China

Lightspeed China Partners was founded in 2011 as an independent venture capital group and began operating as Luminous Ventures in November 2025. Luminous Ventures is a leading venture capital firm serving entrepreneurs as a lead investor in early stage and emerging growth companies. It has offices in Shanghai,Beijing and Hong Kong.

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Investment focus

  • Manufacturing, Internet, Software
  • Series A, Series B, Seed
  • China, United States, Singapore

Portfolio highlights

  • Laiye — Laiye's innovative Work Execution System(WES) and best-in-class Intelligent Automation (IA) platform, solutions, and products are making your businesses and workforce future-ready.
  • Ballet — Ballet Crypto is a companion mobile app, which enables sending of cryptocurrency, checking market value and activating additional currencies. The use of the mobile app is completely optional, as you do not need it to receive and store your cryptocurrency safely.
  • Yunmanman — Yunmanman is the first full mobile Internet-based technologies and development of all applications free mobile APP is committed to providing efficient tube car picking tool for road transport and logistics industry, but for the car to find goods (picking), find goods vehicles ( shipping) provides comprehensive information and transaction services.Yun full membership subtle Shanghai Information Consulting Co., the company is headquartered in Shanghai's Jiading Industrial Zone, green neighborhood, co-founded by a number of executives and many Alibaba logistics industry experts.
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Tunlan Investment
VC Fund · Hangzhou, Zhejiang, China

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.

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Investment focus

  • E-Commerce, Health Care, SaaS
  • Series A, Angel, Series B
  • China

Portfolio highlights

  • Asunistar — Wi-Fi and bluetooth chip maker based in China.
  • Yishi Online Bidding — Yishi Online Bidding offers online art auction services, famous tea, antiques, historical jade carvings, Western cutlery, paintings, calligraphy, correspondence, and other items are all covered, other services including transaction guarantee.
  • Xie Teng Medical Technology — Xie Teng Medical Technology focuses on providing hospitals with services related to treating and preventing thrombosis.
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5Y Capital
VC Fund · Xuhui, Shanghai, China

5Y Capital is a firm engaged in providing early-stage venture investments. It was formerly known as Morningside Venture Capital. The investment firm manages USD 5bn in dual-currency funds in USD and RMB, backed by world-renowned sovereign wealth funds, family offices, fund of funds, university endowments, pensions, and foundations. It is aninvestment firm of Morningside Group.It was headquartered in Xuhui, Shanghai, China in 2008 by Ken Shi and Richard Liu.

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Investment focus

  • Artificial Intelligence, Biotechnology, Software
  • Series A, Series B, Series C
  • China, United States, India

Portfolio highlights

  • Naxions — Naxions is a Healthcare company.
  • Aureka Biotechnologies — Aureka Biotechnologies is a pioneering biotech firm dedicated to democratizing the pharmaceutical sector in order to conquer sickness.
  • Medbanks — Medbanks Network Technology provides data processing services to the healthcare industry. It develops an oncology database of clinical and professional medical services using information collected from hospitals. It was founded in 2014 and is based in Beijing.
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Ameba Capital
VC Fund · Shanghai, Shanghai, China

Ameba Capital is a Chinese venture capital firm that provides early and growth stage investments. Ameba Capital makes investments in the telecommunications, media, and technology industries, focusing on SaaS, AI, Digital Transformation and other disruptive technologies.

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Investment focus

  • Software, E-Commerce, Information Services
  • Angel, Series A, Seed
  • China, United States, India

Portfolio highlights

  • JKStack — Jingkun Technology is the first manufacturer to advocate Workflow in China. It builds "Enterprise IT ERP System" with automated data governance and workflow as the core, uses automation, low-code, faster and more flexible to open up application information islands, and redefines digital orchestration through Workflow. services, endow IToperations with automation capabilities, and deeply integrate with business. Jingkun benchmarks against the global Workflow leader.
  • MOGU — MOGU is an consumer platform aimed towards women, achieved through e-commerce, social media, influencers and content driven services. Their content covers all areas of the fashion world and they have a huge range of age groups and interest covered through their numerous apps and platform.MOGU Inc. is a destination of fashion. With various kindsof fashion content and abundant fashion products, MOGU Inc. allows people to discover and share fashion trends while fully enjoying high-quality shopping experience. In 2011, MOGU Inc. launched fashion platform under the Mogujie brand . In 2016, the merger of Mogujie and Meilishuo was completed.Currently, MOGU Inc.'s online platform includes Mogujie.com and Meilishuo.com websites, mogujie mobile app, Meilishuo mobile app, Uni mobile app and several WeChat Mini programs.
  • Coutloot — We're a pack of young entrepreneurs creating the next wave of social commerce in India, CoutLoot is a leading mobile first C2C(Consumer-to-Consumer) tech platform! From offline shops, small vendors, individual sellers, newbies to celebs to your neighbours, everyone's selling online for the first time in their lives in under 30 seconds onthe CoutLoot app, while buyers from all over India can own their products by bargaining All of it, from the comfort of your couch! List. Earn. Chat. Loot.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China

Gaorong Capital is a venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies.

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Investment focus

  • Information Technology, Artificial Intelligence, Software
  • Series A, Series B, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • AIpark — AIpark is provides a smart parking management solution. AIPark upgrades traditional parking spaces into “smarter ones” for local governments or businesses by leveraging on its in-house visual recognition technologies.
  • XYZ Robotics — XYZ Robotics develops AI-enabled robotic perception and manipulation technology for logistics and manufacturing automation. The company develops autonomous robotic solutions for put wall sorting and goods-to-person picking. Its robot sorts unorganized, random warehouse goods into groups of customer orders. The solution embodies its strength in deeplearning and robotics.
  • Danke Apartment — Danke Apartment (蛋壳公寓) is a leading internet enabled apartment management startup in China. Founded in Jan 2015, Danke is managing over 320K apartment units in Beijing, Shanghai, Shenzhen, Hangzhou, etc
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PreAngel
VC Fund · Beijing, Beijing, China

PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources.

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Investment focus

  • Internet, Software, Blockchain
  • Angel, Seed, Series A
  • China, United States, Switzerland

Portfolio highlights

  • Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
  • X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
  • Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform
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Innoangel Fund
VC Fund · Beijing, Beijing, China

Innoangel Fund is an investment firm that invests in early stage companies.

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Investment focus

  • Artificial Intelligence, Manufacturing, Robotics
  • Angel, Seed, Series A
  • China, Canada, Hong Kong

Portfolio highlights

  • MindOn — MindOn is a robotics company that develops artificial intelligence software and algorithms to create humanoid robots.
  • Xinjuwei Technology — Xinjuwei Technology is a high-performance signal chain integrated circuit product developer that focuses on R&D, manufacturing, and sales.
  • Cloud Map and Action — CloudMap is an AI technology innovation company dedicated to exploring and breaking through cutting-edge technologies in geographic information and spatial intelligent computing.
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Cowin Capital
VC Fund · Shenzhen, Guangdong, China

Cowin Capital is a private placement equity investment company focusing on investing in a pioneering enterprise on a long-term basis. It has 18 years of experience in capital management, whose capital management scale was among the front rank, which invested more than 300 companies, of which 60 more became public companies, and 150 moresuccessfully exit.The company was successfully listed on NEEQ, with code 832793, as the third listed famous domestic venture capital institution in NEEQ. It is committed to supporting the growth of small and medium enterprises, continue to launch high-quality listed companies in China Capital Market.

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Investment focus

  • Manufacturing, Health Care, Biotechnology
  • Series A, Series B, Seed
  • China, Hong Kong, United States

Portfolio highlights

  • Hengpujiguang — Hengpujiguang is a developer of 3D printing metal machine.
  • Yinli Electric — Ningxia Yinli Electric Co., Ltd. is mainly engaged in the production and research and development of reactors and transformers. At present, the company's main products include: three-phase filter reactors, four-phase five-column reactors, water-cooled reactors, three-phase AC reactors, hollow core Reactors, isolation transformers andhigh-frequency transformers, etc.
  • Depei Open Source — Depei Open Source is an AI and Robotics open source community in China.
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GGV Capital
VC Fund · Menlo Park, California, United States

We believe the talent to build great companies comes from anywhere. A global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed- to growth-stage investments across Social/Internet, Enterprise Tech, and Smart Tech sectors.

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Investment focus

  • Software, Information Technology, Artificial Intelligence
  • Series B, Series A, Series C
  • United States, China, Singapore

Portfolio highlights

  • Keep — Keep is a young team that loves sports and is also a group of Geeks who pursue the ultimate experience. They focus on application development in the field of mobile sports, advocate the spirit of open sharing, do not imitate, do not follow suit, and only do cool products.In the age of their lives, the fitness culture is awakening, there should bemore professional tools, a more pure community, and make the body easier. This is what Keep is doing. They hope that through technology-driven, more people will love fitness and enjoy sports.
  • Hutouju — Hutouju is a Chinese dessert retailer that operates both retail locations and online stores. It offer customers tasty products with a Chinese style.
  • Pacdora — Pacdora is an incredibly user-friendly online mockup design platform that boasts an extensive collection of 3D mockups and box templates. Whether you're a seasoned designer or just starting out, you can effortlessly create eye-catching mockups in no time. Plus, with our powerful 3D modeling software and a suite of AI design assistant tools atyour fingertips, your creative possibilities are limitless. Unleash your imagination with Pacdora today!
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NewMargin Ventures
VC Fund · Shanghai, Shanghai, China

NewMargin Ventures is a Chinese venture capital management company that supports emerging entrepreneurs.Founded in July 1999, NewMargin Ventures offers a unique and compelling combination of strong local and national government support within an organizational culture defined by independent decision-making, professionalism, and teamwork.NewMargin currently has about $520 million under management.

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Investment focus

  • Manufacturing, Information Technology, Internet
  • Series A, Angel, Series B
  • China, United States, Hong Kong

Portfolio highlights

  • Humi.com — Humi.com is an industrial Internet service platform.
  • Okawa Electric — Okawa Electric is a supplier of core components for electric power-assisted bicycles.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
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Hillhouse Investment
VC Fund · Changyang, Beijing, China

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.

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Investment focus

  • Biotechnology, Health Care, Software
  • Series B, Series A, Series C
  • China, United States, Singapore

Portfolio highlights

  • Sainte — Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • Horizon Continental Technology — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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Frees Fund
VC Fund · Beijing, Beijing, China

By adopting revolutionary mechanisms, FREES FUND is devoted to change the long-established rules in the venture capital. By leveraging the cutting-edge technologies and resources, FREES FUND aims at investing in great startups and helping them grow into great enterprises that are valuable to our society. We mainly invest in early-stagestartups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

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Investment focus

  • Artificial Intelligence, Medical, Biotechnology
  • Series A, Seed, Angel
  • China, United States, Singapore

Portfolio highlights

  • SoundAI — Sound Technology is a science and technology innovation company that specializes in acoustics frontier technology and artificial intelligence interaction. It is committed to lead the more interactive experience of artificial intelligence in the real environment and realize the human-computer interaction vision that "listen to you and know whatyou think".
  • Mask Network — Your Portal To The New, Open Internet.
  • Oricell Therapeutics — OriCell Therapeutics aims to develop drugs with good efficacy and affordable prices for tumor immunotherapy.
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LongLing Capital
VC Fund · Xiamen, Fujian, China

Longling Investment Is An Equity Investment Institution Founded By The Famous Angel Investor Cai Wensheng. It Aims To Help More Innovation And Entrepreneurship And Provide Strong Support For Technological Innovation Entrepreneurs. Longling Investment Mainly Focuses On The Investment Direction Of The Internet And TMT Fields. The MainInvestment Stages Are: Seed Round, Angel Round And A Round. The B Round Will Selectively Follow The Investment, And At The Same Time, It Has A Clear Exit Plan. Pre-IPO Or Later Mature Projects.

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Investment focus

  • Software, Blockchain, E-Commerce
  • Angel, Seed, Series A
  • China, Singapore, Mexico

Portfolio highlights

  • MetaCene — MetaCene is a blockchain company that aims to create an accessible Web3 world for the masses, with a focus on player-centric entertainment.
  • Dora Factory — Join the world consciousness to express your true opinion through private and secure votes. Create MACI and aMACI rounds for your organization.
  • Pando Finance — Pando Finance is a licensed institution that provides investment solutions to corporate and individual investors. I t provides asset management, trading and advisory.
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Ventech China
VC Fund · Shanghai, Shanghai, China

Ventech Capital was founded in 1998 in France. Ventech is one of the most famous VC funds in Europe and manages four funds. In China, Ventech China manages three funds. Globally, this represents more than USD 1B total asset under management. Ventech China is based in Shanghai. Ventech China 3 is a USD 220 million venture capital fund focused oncommunities, M-commerce, Big Data and Fintech. Its current portfolio companies include Keep, the No.1 fitness training and community app in China, WonderFull, the emerging Japanese product M-commerce platform, Juzi, the leading entertainment news platform, Datawin, the leading big data company in sales leads generation, and Blued, the No.1 gay community app in China. Ventech China is dedicated to growing together with innovative startups and help them to become global leaders in their fields.

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Investment focus

  • E-Commerce, Retail, Mobile
  • Series A, Series B, Seed
  • China, Japan, Austria

Portfolio highlights

  • ACGBOX — ACGBOX is an anime snack food supplier, specialized in producing anime snack foods.
  • Huafa Geometry — Huafa Geometry is a pet smart ecosystem brand that specializes in providing fish tanks and aquarium with smart technology. It is a brand of Beijing Yuanyibai Technology Co., Ltd.
  • E-Health Now LLC — We are the first HIPAA compliant platform that focuses on optimizing cancer treatment plans for patients in China locally. By connecting Chinese cancer patients to U.S. and Chinese oncologist and leveraging the existing medical facilities in China, we bring U.S. quality of care to Chinese cancer patients at less than 1/3 of the cost comparedto medical travels to the U.S. Our pricing point is affordable by the top 40% of the income class in China.
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DT Capital Partners
VC Fund · Shanghai, Shanghai, China

DT Capital Partners is a private equity investment firm that provides growth capital to early and expansion stage companies. They invest in dynamic businesses that have high growth potential, strong management teams, and demonstrated revenue models in both technology-based and traditional industries. DT Capital Partners currently manages overUSD$500 Million in capital across multiple US dollar and RMB funds, and also has a close affiliation with Madrone Capital in the US, the investment entity for members of the Walton family.In addition to funds, the invested company also benefits from their extensive experience in operating capital markets across the country, close relationships with local governments and companies, and synergies with other investment companies.DT Capital Partners was awarded the “Top 10 China's Best Return Venture Capital Institution” in 2016, and the founding partners of Detong Capital, Shao Jun and Tian Lixin. DT Capital Partner was founded in 2006 and is based in Shanghai, China.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Series B, Series C
  • China, United States, South Korea

Portfolio highlights

  • Zhiyan Zaowu — Zhiyan Zaowu is a company focused on the research and development (R&D) and application of AI synthetic biology technologies.
  • Yite New Materials — Jiangsu Yite New Materials Co., Ltd Jiangsu Yite New Materials Co., Ltd. is a technology enterprise specializing in the research and production
  • Newmut Nanotechnology — Newmut Nano is a company with advanced technology in the domains of vapor deposition and high-temperature treatment reaction equipment both domestically and internationally. The principal products are experimental-grade and mass-production-grade fluidized bed reactors (FB-CVD), which are primarily employed in the manufacturing of carbon nanotubepowder and the CVD coating of silicon-based anodes for lithium batteries.
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DCM Ventures
VC Fund · Menlo Park, California, United States

DCM Ventures assists entrepreneurs in building companies that will change how institutions and people use and live with technology.DCM Ventures focuses on the size of its team, the money they raise, and the investments they make all so that it can focus on the business of helping portfolio companies succeed. Collectively, the DCM investingpartners have over a century of investing and operational experience and each DCM partner has experience building hyper-growth startups into billion-dollar businesses.DCM Ventures manages ten funds totaling $4.0 billion and has made investments in more than 400 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing, and Tokyo, DCM provides hands-on operational guidance and a vast network of global business and financial resources to its portfolio companies.

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Investment focus

  • Software, Internet, E-Commerce
  • Series A, Series B, Series C
  • United States, China, Japan

Portfolio highlights

  • YQN — YQNLink specializes in digital logistics, providing a comprehensive suite of international logistics services. This includes sea freight, air freight, rail freight, and multimodal transportation solutions. With a focus on leveraging digital technology, YQNLink aims to enhance supply chain transparency and efficiency, making shipping processessimpler for businesses. The company offers consultative services to tailor logistics solutions to specific business needs, ensuring a streamlined and effective logistics strategy. YQNLink's acquisition of COPE, a cross-border e-commerce logistics firm, further expands its capabilities in serving the e-commerce sector.
  • SandForce — SandForce is transforming data storage by pioneering the use of standard flash memory in enterprise, client, and industrial computing applications with its innovative SSD (Solid State Drive) Processors. By delivering unprecedented reliability, performance, and energy efficiency, SSDs based on patent-pending SandForce DuraClass technology unleashthe full potential for mass-market adoption of SSDs using NAND flash memory. Founded in 2006, SandForce is funded by leading venture capital investors and first tier storage companies.
  • Atrium LTS — Atrium builds products and services to help automate legal workflows, innovate new processes within law firms, and help firms identify and attract new clients. Its technology provides a better experience for legal clients than they previously thought possible, increasing communication and speed of service.The company collaborates withforward-thinking lawyers to help determine the direction and decisions for these products.
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Share Capital
VC Fund · Shenzhen, Guangdong, China · 1 investment in the past 12 months

Share Capital is a venture capital firm specializing in seed, start-up, early, middle, growth capital, and Pre-IPO investments. it primarily invests in big living, medical healthcare, and internet innovation. In medical healthcare, it seeks to invests in pharmaceuticals, innovative equipment, biotechnology, diagnostic testing equipment andreagents, anti-infectives, drug discovery, medical health service, mobile medical services, and informatization.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Series B, Seed
  • China, United States, Colombia

Portfolio highlights

  • Depp CNC — DEPU CNC (Shenzhen) Co., Ltd.
  • Microview — Microview is a high-tech enterprise specializing in the research and development of high-precision complex process chip packaging equipment.
  • Jodell Robotics — Jodell develops intelligent robotic equipment designed to serve in automotive and logistics industries.
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Peeli Ventures
VC Fund · Shanghai, Shanghai, China

Founded in early 2014, Peeli Ventures is an independent venture capital management consulting company focusing on investments in domestic consumer, education, TMT and fast-growing industries. They are committed to supporting aspiring entrepreneurs and are looking for highly competitive companies with great potential, which, combined with theproactive value-added services provided by Peeli Ventures, will have better development and together create an All-Win situation.

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Investment focus

  • Internet, FinTech, E-Commerce
  • Series A, Seed, Angel
  • China, Switzerland, United States

Portfolio highlights

  • Taste Lab — TASTELAB Zurich: A love affair between cooking and science. Events, caterings and cooking apps.
  • Taste Lab — Taste Lab is an perator of a food brand intended to provide healthy snacks.
  • Xiaoshuo Digital Technology — Xiaoshuo Digital has accumulated a mature technology platform framework, including a variety of general business technology components and big data technology bases, to provide strong support for the digital transformation of enterprise credit sales management.
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Galaxy Capital
VC Fund · Suzhou, Jiangsu, China

Galaxy Capital is an Investment firm based in China.

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Investment focus

  • E-Commerce, Software, Automotive
  • Series A, Seed, Angel
  • China, United States

Portfolio highlights

  • Sinsegye — Sinsegye operates as a product-driven enterprise company. Sinsegye is an industrial control supercomputing infrastructure supplier.
  • Weiyan Medical — Micro Rock Medical is a biopharma and medical firm that focuses on precise molecular diagnosis for infections.
  • Linli New Energy — Linli New Energy is a smart hardware company that develops and manufactures precursors of lithium iron phosphate cathode materials. It was founded in 2016 in Wuhan, Hubei, China.
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Buhuo Ventures
VC Fund · Beijing, Beijing, China

Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.

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Investment focus

  • Food and Beverage, E-Commerce, B2B
  • Series A, Angel, Seed
  • China

Portfolio highlights

  • Tustin — Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.
  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • China Model Group — China Model Group is a network of systems for material management. By maximizing the mismatch of assets and enhancing industrial productivity, it enables the standardization, digitization, and financialization of the commercial formwork sector at the level of formwork practitioners. General contracting services are provided by a platform thatbrings together industry resources to guarantee that industry practices are followed during project construction. This platform also uses digital innovation capabilities to enhance industrial efficiency and lower construction costs.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

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Investment focus

  • Software, Internet, Mobile
  • Series A, Series B, Angel
  • China, United States, Singapore

Portfolio highlights

  • OKX — OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. With monthly Proof of Reserve releases, OKX is trusted by over 50 million global users. OKX is the fastest and most reliable crypto trading app for professional traders everywhere. - Buy, sell, and trade 350+ tokens with 100+ local currencies -Duplicate moves from top traders in the industry in just one click - Explore Web3 and take control of your crypto, NFTs, and digital assets with the OKX WalletWith its extensive range of crypto products and services, and unwavering commitment to innovation, OKX’s vision is a world where financial access is backed by blockchain and the power of decentralized finance.
  • Ruidiwei — Ruidiwei is a tech enterprise that specializes in the design, development, production, sales, and service of antennas and components in microwave and millimeter-wave frequency bands.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
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Ferry Venture Capital
VC Fund · Shanghai, Shanghai, China

Ferry Venture Capital is an early-stage venture capital firm focused on building companies in the new technology industry. The firm invests in early-stage companies in three broad areas, mainly in Information Technology & Artificial Intelligence (IT & AI), Enterprise Services & Technology, and Consumer & Entertainment.FerryVenture Capital was founded in 2010 and is based in Shanghai, China.

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Investment focus

  • Information Technology, Manufacturing, Software
  • Seed, Series A, Angel
  • China, United States

Portfolio highlights

  • Jishi yu — Jishi yu focuses on offering a multi-platform/multi-channel centralized and unified intelligent customer care SaaS platform for cross-border e-commerce sellers, with the goal of meeting the needs of foreign enterprise channel acquisition, customer operation, and brand management.
  • Zhihui Robot — Zhihui Robot is a research and development company that makes intelligent spraying robots. Zhihui Robot is a cutting-edge technological business specializing in the research, manufacture, sale, and use of special intelligent spraying robots.
  • Daochong Technology — Daochong Technology is a tech firm that does R&D, production and sales of high-power smart wireless charging systems.
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Sky Saga Capital
VC Fund · Beijing Shi, Beijing, China

Sky Saga Capital is a professional venture capital firm focused on Technology, Media, & Telecom, consumer goods, and innovative industries.

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Investment focus

  • Internet, E-Commerce, Consumer Goods
  • Angel, Series A, Seed
  • China, United States

Portfolio highlights

  • Propel(X) — Propel(x) is where investors discover, evaluate and invest in technology startups and venture capital funds.
  • Lanlonglong — Lazy Dragon is a service provider in the egg industry. The company uses the F2B2C model to shorten the circulation cycle of eggs and integrate the egg supply chain. The company was founded in 2017 and is based in Shanghai, China.
  • Tuotuo Digital — Tuotuo Digital is a user-oriented, technology-first digital technology company.
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