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Top 50 Media (Entertainment) Startup Investors in China (September 2026)

The most active venture capital funds and angel investors investing in China Media (entertainment) startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Media (entertainment) startup companies. Find investors to raise a Series A, Series B or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
ZhenFund
VC Fund
41 China, United States, Singapore Seed, Series A, Angel Artificial Intelligence, Software, E-Commerce $150k–$23M
IDG Capital
VC Fund
35 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $2.6M–$354M
Matrix Partners China
VC Fund
28 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Biotechnology $1.5M–$141M
HSG
VC Fund
24 China, United States, Australia Series B, Series A, Seed Artificial Intelligence, Biotechnology, Software $2M–$226M
HongShan
VC Fund
20 China, United States, Australia Series A, Series B, Series C Biotechnology, Health Care, Artificial Intelligence
Bilibili
VC Fund
20 China, Hong Kong, Japan Series A, Series B, Seed Media and Entertainment, Animation, Gaming $1.4M–$500M
Plum Ventures
VC Fund
20 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $436k–$28M
NewMargin Ventures
VC Fund
19 China, United States, Hong Kong Series A, Angel, Series B Information Technology, Manufacturing, Internet
Innoangel Fund
VC Fund
19 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, Manufacturing, Robotics $425k–$29M
Meridian Capital Asia
VC Fund
19 China, United States, India Series A, Angel, Series B Information Technology, Software, Internet $160k–$62M
Gaorong Capital
VC Fund
19 China, United States, Hong Kong Series A, Series B, Seed Information Technology, Software, Artificial Intelligence $1.6M–$120M
Qiming Venture Partners
VC Fund
19 China, United States, Hong Kong Series B, Series A, Series C Health Care, Biotechnology, Medical $4.3M–$120M
Tencent
VC Fund
19 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3M–$418M
Tengxun Touzi
VC Fund
17 China, Switzerland Series A, Angel, Series B Information Technology, Software, Gaming $425k–$62M
Shenzhen Capital Group
VC Fund
17 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Software $1.5M–$156M
Frees Fund
VC Fund
16 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $447k–$28M
GSR Ventures
VC Fund
16 China, United States, Singapore Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $2M–$70M
K2VC
VC Fund
16 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $356k–$38M
Qingsong Fund
VC Fund
16 China, United States, Canada Series A, Angel, Seed Manufacturing, Education, Internet $142k–$28M
Guojin Capital
VC Fund
16 China Angel, Series A, Series B Media and Entertainment, Gaming, Education $425k–$15M
Eagles Fund
VC Fund
15 China, Hong Kong, United States Angel, Series A, Seed Information Technology, Media and Entertainment, Internet $85k–$4.3M
PreAngel
VC Fund
15 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain
Toutoushidao Capital
VC Fund
14 China Series B, Series A, Angel Media and Entertainment, E-Commerce, Internet $300k–$23M
GGV Capital
VC Fund
14 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $4.5M–$150M
ZSVC
VC Fund
14 China, United States, India Series A, Seed, Series B Manufacturing, Medical, Health Care $1.4M–$84M
Leyo Capital
VC Fund
14 China Angel, Seed, Series A Media and Entertainment, Animation, Content $439k–$1.8M
Source Code Capital
VC Fund
13 China, United States, Singapore Series A, Series B, Series C Artificial Intelligence, Software, E-Commerce $1.5M–$200M
N5Capital
VC Fund
13 China, United States, India Series A, Seed, Series B E-Commerce, Internet, Gaming $142k–$30M
Sinovation Ventures
VC Fund
13 China, United States, Hong Kong Series A, Seed, Series B Artificial Intelligence, Software, Health Care $1M–$62M
UnityVC
VC Fund
13 China, United States, Singapore Angel, Seed, Series A Artificial Intelligence, Information Technology, Manufacturing $283k–$15M
Zero2IPO Ventures
VC Fund
13 China, Taiwan, India Series A, Series B, Angel E-Commerce, Internet, Education $142k–$49M
Ceyuan Ventures
VC Fund
12 China, United States, Singapore Series A, Series B, Angel Internet, Software, E-Commerce $460k–$30M
Legend Capital
VC Fund
12 China, United States, South Korea Series B, Series A, Series C Health Care, Medical, Biotechnology $2.4M–$200M
Green Pine Capital Partners
VC Fund
12 China, United States, Canada Series A, Angel, Series B Artificial Intelligence, Software, Biotechnology $425k–$150M
YF Capital
VC Fund
12 China, United States, France Series A, Series B, Series C Biotechnology, Health Care, Internet $10M–$818M
Jiangboya Instrument Accessories
VC Fund
12 China Angel, Series A, Seed Media and Entertainment, Sports, Digital Media $436k–$3.1M
Decent Capital
VC Fund
11 China, United States, Singapore Seed, Angel, Series A Internet, Information Technology, Software $425k–$25M
Shunwei Capital
VC Fund
11 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.5M–$105M
CMC Capital Group
VC Fund
11 China, United States, Togo Series B, Series A, Series C E-Commerce, Apps, Media and Entertainment $1.5M–$400M
QF Capital
VC Fund
11 China, Hong Kong, United States Series A, Angel, Seed Artificial Intelligence, E-Commerce, Software $425k–$20M
SAIF Partners
VC Fund
11 China, India, United States Series B, Series A, Series C E-Commerce, Internet, Software $1.4M–$99M
Xiaomi
VC Fund
10 China, India, Indonesia Series A, Series B, Angel Manufacturing, Software, Electronics $431k–$71M
Huagai Capital
VC Fund
10 China, United States, Hong Kong Series A, Series B, Angel Health Care, Biotechnology, Medical
LongLing Capital
VC Fund
10 China, Singapore, Mexico Angel, Seed, Series A Software, Blockchain, E-Commerce
We Capital
VC Fund
10 China Angel, Series A, Series B Media and Entertainment, Music, Beauty $104k–$50M
Oriental Fortune Capital
VC Fund
10 China, United States Series A, Series B, Seed Software, Manufacturing, Information Technology $1.4M–$100M
Enlight Media
VC Fund
10 China Series A, Angel, Series C Media and Entertainment, Animation, TV Production $435k–$27M
Ping An Ventures
VC Fund
10 China, United States, Israel Series A, Series B, Angel Health Care, Biotechnology, Medical $425k–$112M
iQiyi
VC Fund
10 China Series A, Venture - Series Unknown, Angel Media and Entertainment, Film Production, Animation $1.5M–$60M
Cyber Creation Ventures (CCV)
VC Fund
9 China, United States, Taiwan Series A, Series B Artificial Intelligence, Manufacturing, Software $2.9M–$100M
Access all 3467 investors in China Media (entertainment) startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

ZhenFund
VC Fund · Beijing, Beijing, China · 41 investments in China Media (entertainment) startups

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

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 699
  • Round size: Seed $150k–$15M; Angel $425k–$4.2M; Series A $899k–$23M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Ehang — Ehang is a technology enterprise focused on R&D and production in airplane and aircraft field. With the combination of software and hardware techniques, it self-developed the communication and real-time viewing hardware and a smartphone operation system. Its product, Ghost, is accepted as the first truly smartphone app operated intelligentrobot, which is widely used in geographical information surveying, professional television aerial filming, roadshow displaying, disaster rescuing and delivery, surveillance and monitoring, and even expected to play important role in the future logistics areas.Ehang was founded in 2014 by makers from China, America, and Singapore who are enthusiastic about drone flying. The enterprise’s core members graduated from Tsinghua University, Peking University, and Duke University in America.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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IDG Capital
VC Fund · Beijing, Beijing, China · 35 investments in China Media (entertainment) startups

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

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 1129
  • Round size: Series A $2.6M–$100M; Series B $7M–$112M; Series C $15M–$354M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • AIxCrypto — Qualigen is a biotechnology company focused on the development and commercialization of novel therapeutic products for the treatment of cancer and infectious diseases, as well as the expansion of its flagship FastPack® diagnostic platform.
  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Bivision — Biovision Pharma is a biomedical enterprise focusing on the research and development of targeted radiopharmaceuticals (TRT) integrated with visual diagnosis and treatment.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 28 investments in China Media (entertainment) startups

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

  • Industry: Health Care, Software, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 667
  • Round size: Seed $1.5M–$74M; Series A $2.9M–$56M; Series B $10M–$141M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Lexin — LexinFintech Holdings is an online consumer finance platform for educated young adults in China. As one of China's leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company's Dingsheng online investment platform, and theCompany's Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of user funding requests with offers from the Company's more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions. By serving the credit needs of China's educated young adults, Lexin helps its more than 20 million registered users to enjoy a better quality of life through the use of better credit.
  • Camera360 — Camera360 is a professional but easy-to use App for photo editing and selfie retouching. Tag #camera360
  • Liepin — Liepin is the largest and most professional high-end talent community-based recruitment site, with its innovative products and unique service model model for create an interactive high-end talent recruitment platform between business, headhunting and workplace. Tens of thousands of professional executive search consultant for businesses and jobseekers set up communication between the bridge and accelerate corporate recruitment process, recommended paying jobs in the workplace, career development planning. 16 job seekers to avoid the risk of privacy protection, millions of high-end elite member libraries, help enterprises development needs.
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HSG
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 24 investments in China Media (entertainment) startups

HSG is a leading venture capital and private equity firm investing globally in the technology, healthcare, and consumer sectors.

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Investment focus

  • Industry: Artificial Intelligence, Biotechnology, Software
  • Stage:Series B, Series A, Seed
  • Geography: China, United States, Australia

Investor stats

  • Total investments: 1019
  • Round size: Seed $2M–$50M; Series A $3.1M–$100M; Series B $11M–$226M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $2.5B in 2024

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Suisheng Technology — Suisheng Technology is an innovative company specializing in AI-driven memory services, dedicated to developing intelligent solutions that help individuals and businesses capture, organize, and retrieve important information with greater efficiency and precision.
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HongShan
VC Fund · Beijing, Beijing, China · 20 investments in China Media (entertainment) startups, 29 in the past 12 months

We help founders build enduring companies.

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Investment focus

  • Industry: Biotechnology, Health Care, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Australia

Investor stats

  • Total investments: 697
  • Lead/follow: no public data

Portfolio highlights

  • Dongchedi — The company's platform users interests and hobbies and automatically recommends content, information, and vehicle quotations related to new cars and used cars, providing users with knowledge and car industry information.
  • Sanshou Technology — Sanshou Technology focuses on researching and developing smart motorcycles.
  • RD Technologies — RD Wallet is a licenced Stored Value Facility in Hong Kong. It is the first business-focused, multiple-currency mobile wallet. RD Wallet offers deposits, local and cross-border payments and foreign exchange services for businesses.
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Bilibili
VC Fund · Shanghai, Shanghai, China · 20 investments in China Media (entertainment) startups

Bilibili provides high-quality content and an immersive entertainment experience, and have built their platform based on the strong emotional connections of their users to their content and communities. They started as a content community inspired by ACG, and have evolved into a full-spectrum online entertainment world covering a wide array ofgenres and media formats, including videos, live broadcasting, and mobile games. They have a young and culturally aspirational user base willing to invest in a high-quality entertainment experience.Bilibili uses an Adobe Flash or HTML5 player, which can be manually switched, to play user-submitted videos hosted by either itself or third-party sources, while featuring a real-time overlaying subtitle system for interactive playback experience.

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Investment focus

  • Industry: Media and Entertainment, Animation, Gaming
  • Stage:Series A, Series B, Seed
  • Geography: China, Hong Kong, Japan

Investor stats

  • Total investments: 48
  • Round size: Seed $1.4M–$500M; Series A $1.5M–$31M; Series B $2.9M–$46M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Rokid — Redefine reality with Rokid's AR glasses. Experience the future with our best AR glasses and streaming box, seamlessly merging the digital and physical worlds. Buy your own augmented reality glasses and embark on a transformative journey of immersive experiences and endless possibilities!
  • Card Club — Card Club is focused on animation derivative cards and IPs including Douluo Dalu, Fight Break the Sky, Ghost Slayer, Disney, Pixar, etc.
  • Zhejiang China Entertainment — Zhejiang China Entertainment is a company that provides game creation and operation services.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 20 investments in China Media (entertainment) startups, 27 in the past 12 months

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

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

Investor stats

  • Total investments: 287
  • Round size: Seed $1.4M–$10M; Angel $436k–$4.7M; Series A $1.4M–$28M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $78M in 2019

Portfolio highlights

  • Zeta Fusion — Zeta Fusion operates within the technology promotion and application services industry.
  • Tianxing Exploration — Tianxing Exploration is a company that provides development and manufacturing of satellite communication terminals.
  • Alphalong Technologies — Afalong Technology focuses on R&D of core AI and AR technologies and products, having developed advanced items like AI smart glasses, HemeltX all-in-one smart glasses, and specialized three-proof handheld terminals for smart glasses.
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NewMargin Ventures
VC Fund · Shanghai, Shanghai, China · 19 investments in China Media (entertainment) startups

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

  • Industry: Information Technology, Manufacturing, Internet
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 105
  • Lead/follow: no public data

Portfolio highlights

  • ZS Robotics — ZS Robotics specializes in technological innovation and the provision of dependable intelligent storage products and solutions.
  • Guorun Energy Storage — Guorun Energy Storage is an enterprise focusing on the manufacture of all-vanadium flow battery equipment and the production of core diaphragm materials for flow batteries, electrolyzed water for hydrogen production and hydrogen fuel cells. The two core products are all-vanadium flow energy storage battery products and perfluorinated ion membrane.
  • Powernice Intelligent Technology — Powernice is a high-tech company that specializes in the development and production of high-precision intelligent actuators and equipment.
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Innoangel Fund
VC Fund · Beijing, Beijing, China · 19 investments in China Media (entertainment) startups, 73 in the past 12 months

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

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Investment focus

  • Industry: Artificial Intelligence, Manufacturing, Robotics
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 291
  • Round size: Seed $452k–$29M; Angel $425k–$14M; Series A $1.5M–$28M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Dongthink — Dongthink transform real-world actions and interactions into reusable, scalable training data.
  • Qianjue Technology — Qianjue Technology is a company that created the first full-stack application-level robot model and offers cloud-based artificial intelligence solutions to robot manufacturers.
  • Xijian Technology — XiJian Technology operates an intellectual property and commercialization pipeline for neuromorphic perception technology by implementing its proprietary "Tianmou" vision chip paradigm. Its architectural design mimics human retinal pathways by extracting discrete visual primitives at the hardware level to circumvent bandwidth constraintsin computational processing. This hardware-software approach provides an ultra-low latency, high dynamic range input layer tailored specifically for foundational world models and downstream physical robotic agents.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 19 investments in China Media (entertainment) startups

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

  • Industry: Information Technology, Software, Internet
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 220
  • Round size: Angel $160k–$14M; Series A $1.2M–$15M; Series B $2.9M–$62M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $440M in 2023

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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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 19 investments in China Media (entertainment) startups

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

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 356
  • Round size: Seed $2.8M–$100M; Series A $1.6M–$75M; Series B $14M–$120M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • Tianji — Tianji develops industrial robotics and intelligent system solutions focused on improving automation in manufacturing environments. The company designs and integrates robot-based systems, including industrial robots, automation equipment, and intelligent production line solutions. It applies technologies such as machine vision, motion control, andedge computing to support tasks like production automation, quality inspection, and logistics handling. Its solutions are used across industries such as manufacturing, healthcare, and new energy to help optimize operational processes and improve safety.
  • Cascade — Cascade produces novel medications that target nuclear receptors for treating metabolic disorders and inflammation.
  • Inno Medicine — Inno Pharmaceutical Technology specializes in research on the pathogenesis of atherosclerosis. The company focuses on the development of targeted nanoliposomes, targeting molecules with independent intellectual property rights, and currently focuses on the plaque reversal treatment of atherosclerosis.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 19 investments in China Media (entertainment) startups

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

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 1160
  • Round size: Series A $4.3M–$50M; Series B $8M–$89M; Series C $12M–$120M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2026

Portfolio highlights

  • LP Amina — LP Amina focuses on products that improve coal-fired power plant's emissions and efficiency. Leveraging 50 unique patented products to improve the firing system of a coal-fired boiler, including Rotating Vane Wheels, High Performance Classifiers, Coal Pipe Balancing Technologies, and Burner Enhancements, the Company provides products andsolutions that will meet or exceed the expectations of their customers. Furthermore, LP Amina's corporate culture is one of a relentless pursuit of continuous improvement. Utilizing the latest technology and traditional know-how from the World's two largest users of Coal for power generation, the Company is well positioned to develop new products and solutions to meet the ever changing needs of Power Industry.LP Amina's staff has over 20 years of experience in the design, fabrication, installation and commissioning of coal-fired power plants. During this time, the team has gained a wide range of experience from the evolution of the US Power Market. Increases in environmental regulations and free market driven energy prices have forced plant operators to reduce emissions and improve reliability while lowering operational cost. LP Amina's engineering and design team will leverage this experience gained from the US and Europe to address the emergence of similar issues in China.
  • Nice Tuan — Nice Tuan is an e-commerce platform that provides daily groceries and miscellaneous products.
  • Windward Bio — Windward Bio is a clinical-stage, drug development company committed to improving outcomes for people living with serious immunological diseases.
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Tencent
VC Fund · Shenzhen, Guangdong, China · 19 investments in China Media (entertainment) startups

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

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 873
  • Round size: Series A $3M–$157M; Series B $15M–$256M; Series C $23M–$418M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • BYJU'S — BYJU’S is a global ed-tech company that provides highly adaptive, engaging, and effective learning solutions to more than 150 million students around the world. Founded in India in 2011, BYJU's mission is to make high-quality learning accessible to students everywhere.The BYJU's family of brands includes Disney-BYJU's Early Learn,BYJU's FutureSchool, Epic!, Osmo, Tynker, Toppr, and WhiteHat Jr., along with the company’s beloved flagship product, BYJU's: The Learning App. Together, BYJU's solutions support pre-K–12 education and a wide range of competitive exams.BYJU’S delivers a world-class learning experience with tools that sit at the crossroads of mobile, interactive content, and personalized learning methodologies. Byju's geography-agnostic solutions and 12,000+ teachers make learning engaging with visual and contextual programs that adapt to the unique learning style, skill level, and pace of each student. In addition, BYJU’S has innovative partnerships with some of the world's largest companies, including Disney and Google, to drive engagement and help even more students become active and lifelong learners.BYJU’S is backed by blue-chip investors including the Chan-Zuckerberg Initiative, Sequoia Capital, Bond Capital, Silver Lake, BlackRock, Sands Capital Management, Alkeon Capital Management, Sofina, Verlinvest, Tencent, Prosus (previously Naspers Ventures), CPPIB, General Atlantic, Tiger Global, Qatar Investment Authority, Owl Ventures, Lightspeed Venture Partners, Times Internet, Aarin Capital, and IFC. Since 2017, BYJU’S has completed more than 15 acquisitions, including companies in the U.S., UK, Austria, India, and Singapore. A 2021 Time 100 Most Influential Company, BYJU’S is headquartered in India, with operations in more than 21 countries globally and learning programs in more than 8 languages.
  • Utaite — Utaite is an operator of an entertainment platform that focuses on planning, production, and development of entertainment content.
  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
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Tengxun Touzi
VC Fund · Shenzhen, Guangdong, China · 17 investments in China Media (entertainment) startups

Tengxun Touzi is a investment firm.

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Investment focus

  • Industry: Information Technology, Software, Gaming
  • Stage:Series A, Angel, Series B
  • Geography: China, Switzerland

Investor stats

  • Total investments: 118
  • Round size: Angel $425k–$2.8M; Series A $1.4M–$16M; Series B $2.9M–$62M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • CCTC — Chaozhou Three-Circle (Group) Co., Ltd. (CCTC) was established in 1970. The company has been listed in Shenzhen Stock Exchange since 2014 (stock code: 300408). It is a comprehensive enterprise engaged in research and development, manufacturing and sales of electronic basic materials, electronic components and communication devices. Thecompany's products cover optical communications, electronics, electrical, machinery, energy conservation and environmental protection, new energy, biological and fashion applications. The company has been both awarded as “National High-tech Enterprise” and ranked top 10 among China’s top 100 electronic component enterprises for consecutive years. The main products are electronic components, semiconductor components, information and communication components and new energy components and system integration. Within these industries the sales volume of ceramic substrate for chip resistor and ceramic rod for resistor are one of the market leaders in the world.
  • LibLib AI — LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd.
  • ZAAN — ZAAN is intended to read contracts in the same manner as a senior associate, highlighting just those items that warrant a partner's attention and using referenced logic to connect each flag to its original source.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 17 investments in China Media (entertainment) startups

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.

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Investment focus

  • Industry: Manufacturing, Health Care, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 623
  • Round size: Series A $1.5M–$128M; Series B $10M–$141M; Series C $4.4M–$156M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
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Frees Fund
VC Fund · Beijing, Beijing, China · 16 investments in China Media (entertainment) startups

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

  • Industry: Artificial Intelligence, Health Care, Biotechnology
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 234
  • Round size: Seed $1.4M–$14M; Angel $447k–$14M; Series A $1.5M–$28M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2015

Portfolio highlights

  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
  • Flysound — Flysound is a hearing technology company focused on making advanced AI-powered hearing aids affordable and accessible. Its products combine AI sound processing, Bluetooth connectivity, app-based personalization, and rechargeable convenience. With a focus on innovation, quality, and user-friendly design, Flysound aims to help people hear moreclearly and stay connected to everyday life.
  • Yanming Biology — Pyrotech pharmaceuticals is a biotechnology company that focuses om development for drugs for the treatment of inflammation and tumors.
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GSR Ventures
VC Fund · Palo Alto, California, United States · 16 investments in China Media (entertainment) startups

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

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 472
  • Round size: Seed $2M–$10M; Series A $2.2M–$35M; Series B $6.9M–$70M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Seeo — Daftar akun togel resmi bisa melalui via dana, ovo, gopay, linkaja kami juga menyediakan berbagai link togel terpercaya seperti bo togel hadiah 2d 200rb, bandar togel hadiah 4d 10 juta terpercaya, situs togel resmi dan terpercaya, agen togel terpercaya, daftar bandar togel terbesar dan terpercaya, bandar togel terbesar, situs togel prize 123, bo togel bolak balik dibayar dan banyak lainnya yang kami sediakan untuk pencinta link togel resmi di Indonesia.
  • C3Nano — C3Nano is the developer of the solution-based, transparent conductive inks and films as direct replacements for indium tin oxide (ITO). C3Nano is the performance leader in Transparent Conductor Films (TCFs) and Activegrid silver nanowire (AgNW) solution-based inks for the touch sensor and display industry. They have raised $37 million in funding todate, which has enabled the company to quickly achieve best in class ink formulations and expanded production capabilities. C3Nano is headquartered in Silicon Valley with an industry-leading manufacturing base in Korea.Founded in 2010, it is headquartered in Hayward, California.
  • KUN — KUN provides all-inclusive digital payment solutions for Web2 and Web3 enterprises.Its services include seamless on/off ramp solutions, developing markets-focused integrated payment systems, and cryptocurrency-enabled virtual and real card solutions.
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K2VC
VC Fund · Beijing, Beijing, China · 16 investments in China Media (entertainment) startups, 12 in the past 12 months

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

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

Investor stats

  • Total investments: 298
  • Round size: Seed $1.4M–$14M; Angel $356k–$5M; Series A $1.4M–$38M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $31M in 2025

Portfolio highlights

  • Quantex — Quantex is committed to focusing on the next generation of information technology and integrated circuit fields, and is dedicated to the in-depth research and development of 3.2T/6.4T photonic integrated chips (PIC), optical modules and CPO (co-packaged optics) solutions, leading the localization of high-end optical transmission chips.
  • XinYang Micro — Xinyangwei is an early stage underwater sensing chip startup specializing in CMUT (Capacitive Micromachined Ultrasonic Transducer) technology. The company provides integrated acoustic sensing modules and 3D imaging components designed to give pool cleaning robots intelligent near field path planning and mapping capabilities.
  • ChipSense Technology — ChipSense Technology is a semiconductor focused on developing high-performance chips for AI computing infrastructure. The company provides chip solutions that enable perception and efficiency management in AI computing centers, helping optimize resource utilization, operational efficiency, and intelligent management of large-scale AI computingclusters.
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 16 investments in China Media (entertainment) startups

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

  • Industry: Manufacturing, Education, Internet
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 144
  • Round size: Seed $375k–$28M; Angel $142k–$1.6M; Series A $1.4M–$15M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $153M in 2021

Portfolio highlights

  • Apex Laser — Apex Laser is a company that focused on the research and development of semiconductor laser equipment that offers laser processing solutions for materials that are ultra-thin, ultra-hard, brittle, flexible, or composite.
  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Xinghong Technology — Xinghong Technology focuses on the research, development, and manufacturing of CNC machine tools and core components, with its business spanning mechanical and electrical equipment, precision manufacturing solutions, industrial automation systems, and advanced machinery services for a wide range of industries.
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Guojin Capital
VC Fund · Shenzhen, Guangdong, China · 16 investments in China Media (entertainment) startups

Guojin Capital Group is a venture capital firm specializing in early to middle stage investments. The firm also makes late stage investments minorly. It seeks to invest mainly in the internet, pan-entertainment and education sectors. The firm also prefers to invest minorly in consumer upgrade and industry upgrade. It also invests in interneteducation, industry services, artificial intelligence and health care sectors.

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Investment focus

  • Industry: Media and Entertainment, Gaming, Education
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 46
  • Round size: Angel $425k–$2.8M; Series A $1.4M–$7.1M; Series B $3M–$15M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Hozon — Hozon integrates hardware products and software services through innovative technology research and development, intelligent manufacturing, and multi-channel sales services. Through the development of electric, intelligence, and connectivity, they are committed to creating cost-effective Intelligent electric vehicles of high quality, providingusers with a simple, intuitive, and comfortable travel experience.
  • Dshifu — Dshifu is a supplier of frozen beef and mutton ingredients.
  • Alebund Pharmaceuticals — Alebund Pharmaceuticals is a biopharmaceutical company dedicated to developing innovative therapies for the treatment of renal diseases and related chronic conditions.
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Eagles Fund
VC Fund · Beijing, Beijing, China · 15 investments in China Media (entertainment) startups

Eagles Fund is a diversified angel fund and family fund.

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Investment focus

  • Industry: Information Technology, Media and Entertainment, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 81
  • Round size: Seed $85k–$3M; Angel $425k–$1.4M; Series A $463k–$4.3M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Leading Pet — Leading Pet is a pet services company that specializes in pet travel ecosystem solutions.
  • Luquos Energy — To bridge intermittent renewable power and energy demands with sustainable solutions
  • Xinglan Zhiyuan — Xinglan Zhiyuan is a provider specializing in artificial intelligence data solutions, offering end-to-end services such as data collection, data annotation, data processing, and quality assurance to support the training, evaluation, and deployment of advanced AI models across multiple industries.
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PreAngel
VC Fund · Beijing, Beijing, China · 15 investments in China Media (entertainment) startups

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

  • Industry: Internet, Software, Blockchain
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Switzerland

Investor stats

  • Total investments: 104
  • Lead/follow: no public data

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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Toutoushidao Capital
VC Fund · Hangzhou, Zhejiang, China · 14 investments in China Media (entertainment) startups

Toutoushidao Capital is an investment Firm.

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Investment focus

  • Industry: Media and Entertainment, E-Commerce, Internet
  • Stage:Series B, Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 58
  • Round size: Angel $300k–$1.6M; Series A $1.4M–$23M; Series B $2.9M–$20M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Shuwei — Shuwei is an indoor positioning services provider for mobile Internet platforms and smartphone manufacturers.Its technology is applied to shopping malls, train stations, office buildings, and restaurants. Shuwei also launched an open precision marketing platform that offers relevant content related to the vehicle, as well as information aboutsimilar cars.The Shenzhen, Guangdon-based company was established in 2014.
  • Summer Farm — Summer Farm provides suitable fruits for baking food products.
  • Wandian Travel — Wandian Travel is an AI-powered platform that helps travel agencies streamline marketing, online sales, data analysis, and service offerings.
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GGV Capital
VC Fund · Menlo Park, California, United States · 14 investments in China Media (entertainment) startups

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

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 861
  • Round size: Series A $4.5M–$66M; Series B $11M–$60M; Series C $15M–$150M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $147M in 2024

Portfolio highlights

  • CYGNUSEMI — Cygnus Semi is a semiconductor chip technology company that focuses on 5G IoT applications.
  • Startorus Fusion — Startorus Fusion focuses on developing and commercializing fusion energy technologies, aiming for controllable device miniaturization, commercialization, and fast iteration, integrating design, R&D, operation, and maintenance.
  • SiliconFlow — Silicon Mobile Technology is an AI ​​infrastructure company that specilaizes in large models inference and deployment system to reduce the cost in the AIGC and LLM industries.
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ZSVC
VC Fund · Beijing, Beijing, China · 14 investments in China Media (entertainment) startups, 16 in the past 12 months

ZSVC is a Chinese venture capital firm specialized in seed and early stage investments.

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Investment focus

  • Industry: Manufacturing, Medical, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 145
  • Round size: Seed $1.4M–$4M; Series A $1.5M–$21M; Series B $2.8M–$84M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Tpson — Tpson is a Smart Hardware company.
  • Ounuo Semiconductor — Ounuo Semiconductor is a manufacturing company that provides research and development of semiconductor equipment.
  • HUAXI Technology — HUAXI Technology is a global leader specializing in the development and delivery of comprehensive, high-end smart elderly care solutions. By integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, the company is dedicated to enhancing the quality of life for seniors worldwide.
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Leyo Capital
VC Fund · Beijing, Beijing, China · 14 investments in China Media (entertainment) startups

Leyo Capital is an investment company focusing on pan-entertainment.

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Investment focus

  • Industry: Media and Entertainment, Animation, Content
  • Stage:Angel, Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 17
  • Round size: Angel $439k–$1.8M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Yoolook — Yoolook engages in animation design and cultural creative consulting.
  • TRCARTOON — TRCARTOON is an animation and comics studio that engages in comic and animation production.
  • Youya Culture — Youya Culture is a new media cartoon image company that creates content in the form of strips, illustrations, and emoji stickers.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 13 investments in China Media (entertainment) startups, 26 in the past 12 months

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

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

Investor stats

  • Total investments: 341
  • Round size: Series A $1.5M–$50M; Series B $14M–$130M; Series C $30M–$200M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • Meshy AI — The #1 3D GenAI platform—trusted by millions worldwide. The ONLY 3D AI tool featured in A16Z's 2024 AI Tools Survey.
  • Deep Intelligent Control — Deepin Intelligent Control is a smart energy innovation company.
  • Yongquan Innovation — Yongquan Innovation is a technological firm that specializes in sophisticated desktop CNC machinery.
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N5Capital
VC Fund · Beijing, Beijing, China · 13 investments in China Media (entertainment) startups

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

  • Industry: E-Commerce, Internet, Gaming
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 93
  • Round size: Seed $142k–$2.4M; Series A $1.3M–$15M; Series B $441k–$30M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

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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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 13 investments in China Media (entertainment) startups, 16 in the past 12 months

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

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 352
  • Round size: Seed $1M–$14M; Series A $1.4M–$32M; Series B $3M–$62M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • Hemu Intelligent — Hemu Intelligent is an early-stage Industrial AI startup focused on mold physical AI, manufacturing semantic computing, and industrial application. By leveraging deep learning on mechanical drawings and digitizing the experiential workflows of master technicians, the company builds an "AI Craft Brain".
  • Jiangxian Technology — Jiangxian Technology is a company focused on embodied intelligence, a field that integrates artificial intelligence with physical systems such as robots and smart devices, enabling machines to perceive, learn from, and interact with the real world in a more human-like and adaptive manner across applications like automation, healthcare, and advancedmanufacturing.
  • Ruilian Intelligent Computing — Ruilian Zhisuan is an AI computing infrastructure innovator that provides integrated hardware software solutions. Modeled after Google's Jupiter optoelectronic architecture, it features full stack OCS scheduling to replace traditional electronic switches with optical routing. This core technology drastically minimizes network latency andsystem power consumption for advanced AI calculation networks.
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UnityVC
VC Fund · Beijing, Beijing, China · 13 investments in China Media (entertainment) startups, 14 in the past 12 months

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

  • Industry: Artificial Intelligence, Information Technology, Manufacturing
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 157
  • Round size: Seed $448k–$15M; Angel $283k–$3M; Series A $1.6M–$15M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Dingxi Zhichuang — Dingxi Zhichuang is an integrated circuit chip developer specializing in the manufacture, design, and services of integrated circuit chips and products, as well as sales and the manufacturing of semiconductor device special equipment.
  • Active Technology — Active Technology is a pioneering deep tech startup specialized in developing invasive brain computer interface (BCI) technology. The company integrates flexible electrodes, dedicated chips, and advanced decoding algorithms to target motor, visual, and emotional neural pathways.
  • Guangyou Xingkong Technology — Guangyou Xingkong Technology specializes in the research, manufacturing, and commercial sale of space-to-earth laser communication hardware. The company develops satellite-borne laser terminals, ground transceiver systems, high-precision optoelectronic devices, and digital signal processing (DSP) chips. By utilizing proprietary mode diversityreception (MDR) technology and dedicated atmospheric channel algorithms, their solution overcomes atmospheric turbulence to maintain stable connectivity. This design provides aerospace operators with high-bandwidth, high-reliability, and low-cost end-to-end data links tailored for megaconstellation satellite deployment.
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Zero2IPO Ventures
VC Fund · Beijing, Beijing, China · 13 investments in China Media (entertainment) startups

Zero2IPO Ventures is the venture investment arm under Zero2IPO Group targeted at high-potential, high-growth China enterprises. Leveraging Zero2IPO's vast network in China, Zero2IPO Ventures does not compete with other venture funds, but rather pursue a two-prong investment strategy, i.e. to co-invest with active venture capital firms ingrowth and late stage companies and to lead or co-lead in early stage startups in China. The industry focus includes Internet, mobile and wireless applications, digital media, healthcare, green-tech, consumable products and services, as well as other emerging sectors. We intend to leverage the extensive network that has been created by Zero2IPO Group, a leading venture capital and private equity market research and financial advisory company, to seek out potential investment opportunities and provide a strong value-add to our portfolio companies. Through its venture capital and private equity surveys, investment forums, training programs, and investment advisory services, Zero2IPO Group has developed a strong reputation in the China market for helping entrepreneurs connect with investors.

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Investment focus

  • Industry: E-Commerce, Internet, Education
  • Stage:Series A, Series B, Angel
  • Geography: China, Taiwan, India

Investor stats

  • Total investments: 96
  • Round size: Angel $142k–$1.6M; Series A $1.4M–$29M; Series B $2.9M–$49M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2014

Portfolio highlights

  • Makera — Makera builds the smartest desktop CNC machines for makers. Explore our Carvera series, versatile mill routers, and rich case templates for every project.
  • Deep Cell — Deep Cell is a Chinese AI driven drug discovery and virtual cell modeling startup. The company integrates artificial intelligence with multi scale molecular physics to construct explainable virtual cell world models, aiming to revolutionize paradigm shifting drug designs and simulate cellular responses to complex diseases.
  • Guangxiang Technology — Guangxiang Technology is dedicated to empowering industrial scenarios through embodied intelligence technology. The company has developed a general-purpose embodied intelligence development platform, centered around its core GOPS platform, to drive innovation and intelligent transformation in industrial applications.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 12 investments in China Media (entertainment) startups

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

  • Industry: Internet, Software, E-Commerce
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 108
  • Round size: Angel $460k–$3M; Series A $1M–$22M; Series B $2.8M–$30M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $282M in 2012

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.
  • 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.
  • Vistar Optoelectronics — Vistar Optoelectronics is a provider of micro-LED displays that focuses on the research, development, and product implementation of micro-LED.
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Legend Capital
VC Fund · Beijing, Beijing, China · 12 investments in China Media (entertainment) startups

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

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 499
  • Round size: Series A $2.4M–$93M; Series B $12M–$107M; Series C $15M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $177M in 2021

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Huixin Bio — Huixin Bio is a developer of exosome purification products and early cancer detection technology.
  • NeuShen Therapeutics — We are a global biotech company committed to developing new and effective therapies for psychiatric and neurological disorders affecting millions of patients in need.
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Green Pine Capital Partners
VC Fund · Shenzhen, Guangdong, China · 12 investments in China Media (entertainment) startups

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.

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Investment focus

  • Industry: Artificial Intelligence, Software, Biotechnology
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 234
  • Round size: Angel $425k–$2.9M; Series A $1.5M–$60M; Series B $3M–$150M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely actively investing — fresh fund, raised $42M in 2025

Portfolio highlights

  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • MirrorSpace — MirrorSpace designs and builds integrated hardware and algorithm software systems for robot spatial perception. The business model focuses on delivering plug-and-play perception modules that save robotics companies from having to integrate raw data from disjointed third-party cameras and LiDAR units internally. By fusing non-visual characteristicslike thermal patterns directly into spatial matrices at the edge, the platform ensures precise data alignment even under harsh environmental blockages. This setup provides physical AI systems with a continuous 4D timeline stream, offering stable environmental input for complex automation tasks.
  • Sungen Biomedical — Sungen Biomedical is an innovative antibody drug R&D enterprise. It has established international standard technology platforms and original biological macromolecular R&D pipelines. Their focus includes therapeutic drugs for cardiovascular and cerebrovascular diseases, tumors, and more.
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YF Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 12 investments in China Media (entertainment) startups

Yunfeng Capital was established in January 2010. It is the only private equity firm in China set up by successful entrepreneurs, pioneers and industry leaders. Its goal is not merely to be a financial investor, but also to share the entrepreneurial experience with companies, helping them refine their development, organizational management and brandbuilding strategies.Yunfeng Capital places a special emphasis on young entrepreneurs, grooming future leaders to lead world-class enterprises. Yunfeng is the result of combining the Chinese first names of Mr. Jack MA (Yun), Chairman of Alibaba, and Mr. David YU (Feng), Founder of Target Media.In addition, there are more than 10 other co-founders, including Mr. Yu Zhu SHI, Chairman of Giant interactive group, Mr. Yong Hao LIU, Chairman of New Hope Group, Mr. Guo Jun SHEN, Chairman of Intime Investment, Mr. Yu Suo WANG, Chairman of ENN Group, Mr. Jason JIANG, Chairman of Focusmedia, Mr. Hang XU, Chairman of Shenzhen Mindray Medical, Mr. Yi Hong CHEN, Chairman of China Dongxiang(Group), Mr. Xin ZHOU, Chairman of E-House (China), Mr. Jian Guo WANG, Founder of Fivestar, Mr. Shao Xiong ZHOU, Chairman of Septwolves, Mr. Xu Ning WANG, Chairman of Joyong Holdings, Mr. You Cai ZHANG, President of Unifront Holdings.Yunfeng Capital is headquartered in Shanghai. Branch offices are located in Hong Kong, Beijing, Hangzhou, and other mainland cities.

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Investment focus

  • Industry: Biotechnology, Health Care, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, France

Investor stats

  • Total investments: 166
  • Round size: Series A $10M–$558M; Series B $18M–$228M; Series C $29M–$818M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • MatriQ —
  • YUSUR Technology — ## Build Setup
  • NeueHCT — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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Jiangboya Instrument Accessories
VC Fund · Beijing, Beijing, China · 12 investments in China Media (entertainment) startups

Entertainment Works is an investment firm that focuses on the entertainment and culture industry.

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Investment focus

  • Industry: Media and Entertainment, Sports, Digital Media
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 18
  • Round size: Angel $436k–$3M; Series A $1.4M–$3.1M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Foodtopia — Foodtopia is a food company based in Hangzhou, China.
  • Score Sport — Score Sport is a sports company that provides badminton training service for children.
  • Young Beauty — Young Beauty is a beauty purchase cross-border B2B business platform.
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Decent Capital
VC Fund · Shenzhen, Guangdong, China · 11 investments in China Media (entertainment) startups, 6 in the past 12 months

Decent Capital is a venture capital firm with a cross-border presence. It was founded in 2007 by Jason Zeng, co-founder of Tencent Holdings Limited. Decent Capital has two teams, venture investment and asset management, with offices in Hong Kong, mainland China, Singapore and the United States. Decent’s investment team invests from Seed to SeriesA, primarily focusing on SaaS, Consumer Internet, and Frontier Tech. Decent has invested in over 200 companies globally, spanning across the United States, China, Australia, Canada, United Kingdom, Hong Kong and Singapore. Decent upholds strong dedication to post-investment management, they continue to heavily support their portfolio companies’ business operations, supply chain and logistics, and future fundraising efforts. While Decent’s emphasis is on early-stage investments, they prioritize continuing to support portfolio companies throughout growth, for example, Decent invested in Lime from Seed to Series D.

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Investment focus

  • Industry: Internet, Information Technology, Software
  • Stage:Seed, Angel, Series A
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 140
  • Round size: Seed $425k–$14M; Angel $425k–$2.4M; Series A $1.4M–$25M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • SigmaZ AI — SigmaZ, a pioneering AI lab aiming to redefine the interface between humans and information, has unveiled the product vision for Tap8, a platform designed to take AI interaction beyond today's text and voice interfaces and one-way video playback and into an interactive information interface that users can click, question, modify, and receivefeedback from in real time.
  • Fuxi Quantum — Fuxi Quantum operates as an industrial research and development quantum application computing platform.The company integrates the workflow of industrial problem modeling, algorithm solving, hardware execution, and result verification into corporate research processes.
  • Qingyu Technology — Qingyu Technology is a software development service company specializing in the research, development, and sales of intelligent robots.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 11 investments in China Media (entertainment) startups

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

  • Industry: Manufacturing, Software, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 600
  • Round size: Series A $1.5M–$35M; Series B $8.2M–$50M; Series C $20M–$105M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • uban — Uban provides an internet office leasing and trading services platform that helps to connect owners, customers and brokers, corporate customers in order to provide office rental and follow-up services, enabling its clients to receive real estate related services through a single portal. The company is based in Beijing, China.
  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Deepin kernel — Deep Kernel offers customizable AI infrastructure and core-engine services to businesses.
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CMC Capital Group
VC Fund · Shanghai, Shanghai, China · 11 investments in China Media (entertainment) startups, 14 in the past 12 months

CMC Capital Group is China's first media sector focused on the alternative investment management company. CMC is dedicated to media investments both in China and the International market. In April 2009, CMC was registered and approved by China's National Development and Reform Commission with RMB 5 billion in assets under management.CMC is uniquely positioned to capitalize on the growth and development of China's media sector as well as international investment opportunities. CMC will target media assets with consistent cash flow, strong market position, well-established branding, and high future growth potential.The firm is focused on growth capital, corporate restructuring, and MBO/privatization financing opportunities; targeting companies with enterprise value between RMB 300 million to 2 billion. Their equity investment size ranges between RMB 140 million to 480 million. With their strong and unique investor base, they are also able to lead or participate in large buyout transactions in excess of RMB 6 billion.CMC Capital Group is formerly known as China Media Capital.

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Investment focus

  • Industry: E-Commerce, Apps, Media and Entertainment
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Togo

Investor stats

  • Total investments: 100
  • Round size: Series A $1.5M–$14M; Series B $3.1M–$228M; Series C $32M–$400M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $136M in 2023

Portfolio highlights

  • TSC — TSC is a manufacturer of metal sheet metal forming, composite material processing, mechanical processing, and precision assembly.
  • VAST — VAST is an artificial intelligence business that develops and manufactures general-purpose 3D big models. Its goal is to develop a popular 3D content production tool, a 3D user-generated content platform, and utilize 3D space to enhance user experience.
  • Shanghai Taiyang Technology — Founded in 2011, Shanghai Taiyang Technology Co., Ltd. is a fine chemical enterprise specializing in high-end special materials integrating R&D, production, and sales. The company is headquartered in Shanghai and has established a number of wholly-owned subsidiaries in Nantong, Taizhou, Fangchenggang, and other places in Jiangsu, with R&Dcenters and production bases respectively.
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QF Capital
VC Fund · Shenzhen, Guangdong, China · 11 investments in China Media (entertainment) startups

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

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Investment focus

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

Investor stats

  • Total investments: 179
  • Round size: Seed $1.4M–$15M; Angel $425k–$14M; Series A $1.4M–$20M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
  • Violoop — Violoop is a Chinese AI hardware startup Specializes in AI-PC automation hardware as a "physical-level AI Operator", bridging legacy software and AI agents for 24/7 workflows without APIs.
  • Traverser — Traverser is a commercial manned aerospace technology company that develops reusable manned spacecraft and operates space tourism activities.
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SAIF Partners
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 11 investments in China Media (entertainment) startups, 7 in the past 12 months

SAIF Partners is a leading private equity firm that provides growth capital to companies in Asia.Our primary areas of focus include Information Technology, Internet, Mobile, Consumer Products and Services, Healthcare, Cleantech, Education, Modern Agriculture, Financial Services & Manufacturing.SAIF Partners was founded in 2001 andcurrently manages over $4 billion in capital. With over 100 investments since its inception, SAIF has become one of the largest and most active funds in the region. SAIF is a long-term investor with local teams in Hong Kong, China, and India.

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Series B, Series A, Series C
  • Geography: China, India, United States

Investor stats

  • Total investments: 247
  • Round size: Series A $1.4M–$50M; Series B $3.2M–$38M; Series C $8.3M–$99M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $400M in 2020

Portfolio highlights

  • Euler Universal — Euler Universal is a technology startup focused on the study and development of embedded smart home technologies.
  • Rongxin Zhiyuan — Rongxin Zhiyuan is a company in the field of AI computing power. It is focusing on computer architecture innovation and AI computing power.
  • Grace Investment Machine — GIM builds self-learning AI systems that generate investment hypotheses, validate them against market evidence, and evolve through continuous feedback.
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Xiaomi
VC Fund · Beijing, Beijing, China · 10 investments in China Media (entertainment) startups

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

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Investment focus

  • Industry: Manufacturing, Software, Electronics
  • Stage:Series A, Series B, Angel
  • Geography: China, India, Indonesia

Investor stats

  • Total investments: 268
  • Round size: Angel $431k–$2.8M; Series A $1.5M–$71M; Series B $3M–$63M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Shifang Technology — Shifang Technology is a high-tech enterprise that provides integrated intelligent equipment for manufacturing industries.
  • Hangzhou Xynova Technology Co. — Hangzhou Xynova Technology Co. develops robotic components, including dexterous hands, rotary actuators, and linear actuators.
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Huagai Capital
VC Fund · Beijing, Beijing, China · 10 investments in China Media (entertainment) startups

Huagai Capital is a private equity investment firm that invests in start-up or growth companies in the areas of healthcare, TMT, and culture.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 114
  • Lead/follow: no public data

Portfolio highlights

  • Baijun Biotech — Baijun Biotechnology is a major player in the field of biopharmaceutical R&D services due to its one-stop biotechnology R&D service platform, strong R&D skills, and extensive industry experience.
  • Bluesail Surgical — Bluesail Surgical is a surgical device company that specializes in the development of innovative surgical instruments for cardiovascular and cerebrovascular treatments.
  • Ai Sensing Technology — Ai Sensing Technology is a national high-tech enterprise that focus on the research, development and production of bionic olfactory chips.
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LongLing Capital
VC Fund · Xiamen, Fujian, China · 10 investments in China Media (entertainment) startups

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

  • Industry: Software, Blockchain, E-Commerce
  • Stage:Angel, Seed, Series A
  • Geography: China, Singapore, Mexico

Investor stats

  • Total investments: 56
  • Lead/follow: no public data

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 — Dora Factory is the digital infrastructure builder of the Global Hacker Movement. It creates protocols, toolings, and public good infrastructures that help open source communities and frontier tech builders to thrive.
  • 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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We Capital
VC Fund · Beijing, Beijing, China · 10 investments in China Media (entertainment) startups

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

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Investment focus

  • Industry: Media and Entertainment, Music, Beauty
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 29
  • Round size: Angel $104k–$2.8M; Series A $1.5M–$15M; Series B $2.9M–$50M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Aegis — Aegis is a VR interactive movie content developer in China.
  • DKJY Beauty Clinic — DKJY Beauty Clinic is a medical beauty chain organization that provides consumers with problematic skin care, anti-aging, and aesthetic customization solutions. They provide an eggshell muscle beauty brand that focuses on problematic muscle solutions and extends its service items to non-invasive microsurgery and women's health.
  • Nonstop Technology — Nonstop Technology is a 2B food robot RaaS service provider.
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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 10 investments in China Media (entertainment) startups

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

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 323
  • Round size: Seed $1.5M–$100M; Series A $1.4M–$30M; Series B $3.2M–$100M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Memory tensor — Memory tensor designed with a focus on systematic innovation, grounded firmly in fundamental principles, serves as a powerful tool for scalable and adaptable intelligence. Its architecture emphasizes three core attributes: low cost, ensuring economic feasibility and accessibility; low illusion, reducing overfitting and minimizing hallucinations ormisleading outputs; and high generalization.
  • Ziwei Technology — Ziwei Technology is a high-tech company making returnable spacecraft.
  • Lightwheel — Light Wheel Intelligence is offers automated, physically precise and controllable, real and generalizable synthetic data solutions to build AI data infrastructure,
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Enlight Media
VC Fund · 10 investments in China Media (entertainment) startups

Investment focus

  • Industry: Media and Entertainment, Animation, TV Production
  • Stage:Series A, Angel, Series C
  • Geography: China

Investor stats

  • Total investments: 14
  • Round size: Angel $435k–$1.4M; Series A $1.5M–$27M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Maoyan — Maoyan provides online movie ticketing services. Maoyan operates as a subsidiary of Shanghai Enlight Investment Holdings as of August 31, 2017. Wang Xing founded the company in April 2016. Its headquarters is in Beijing in China.
  • Supersky — Supersky is a tech company in the entertainment industry whose main focus is the development and production of stage plays, the planning and production of large-scale tourism performances, the design and production of small and medium-sized theme parks, the development and production of new films and television, and integrated marketing. It is nowdedicated to community super IP and a performing arts organization in the development and production of performing arts.
  • Keke Dou Donghua — Keke Dou Donghua is engaged in film and television and creates original 3D animation movies. It also provides short films, cartoons, and adventure films.
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Ping An Ventures
VC Fund · Pudong, Shandong, China · 10 investments in China Media (entertainment) startups

Ping An Ventures is a professional VC under Ping An Insurance (Group) Company of China, Ltd. with focused interest in start-ups of emerging innovation. It is committed to growing with the partners and driving success by provision of both funds and managerial expertise, resources and a platform."

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 91
  • Round size: Angel $425k–$1.8M; Series A $425k–$100M; Series B $3.5M–$112M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • DentaLink China — Developer of dental imaging technology and dental clinic management software. The company's software helps dental professionals accurately diagnose patient conditions through oral CT scanning, as well as keep track of patient records and appointments, enabling dental professionals to provide treatment more efficiently.
  • Zhangshang Tangyi — Zhangshang Tangyi is a health management platform with a focus on diabetes. It allows patients to upload their own health data to their mobile app and receive treatment guidance from doctors. Zhangshang Tangyi was founded in 2014 and is based in Hangzhou, Zhejiang.
  • Xgene Pharmaceutical — Xgene Pharmaceutical is a pharmaceutical company.
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iQiyi
VC Fund · Beijing, Beijing, China · 10 investments in China Media (entertainment) startups

iQiyi is a Chinese ad-supported television and movie portal providing fully-licensed, high-definition, professionally produced content. iQiyi launched a large copyright procurement plan to create a comprehensive copyright content database covering movies, TV dramas, variety shows, documentaries, animation and travel, and other content. Thecompany also enables brands to maximize their ROI with the SWS (Search-Watch-Share) model.Launched on April 22, 2010, as Qiyi, the company received investment funds from Baidu and Providence Equity Partners. On November 26, 2011, Qiyi announced its rebranding with the iQiyi brand name and a new logo. As of August 2012, iQiyi had over 370 million PC users, with a total monthly time spent of over 1,374 million hours, along with 90 million activated mobile users.iQiyi's major competitors include Youku.com, Tudou.com, and PPTV.

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Investment focus

  • Industry: Media and Entertainment, Film Production, Animation
  • Stage:Series A, Venture - Series Unknown, Angel
  • Geography: China

Investor stats

  • Total investments: 18
  • Round size: Angel $2.9M–$8.7M; Series A $1.5M–$16M; Venture - Series Unknown $7.2M–$60M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2016

Portfolio highlights

  • Xreal — Nreal is the developer of ready-to-wear mixed reality glasses. Its flagship product, Nreal light, is the first lightweight and comfortable mixed reality glasses, sporting a vivid display combined with spatial computing algorithms for an immersive experience. The company aims to make mixed reality available and accessible to everyone. They strive torealize the full potential of mixed reality by empowering developers to create applications that can ultimately propel a new era of entertainment, productivity, and more.Nreal was founded in 2017 and is based in Beijing, China.
  • Cool Whale Films — Cool Whale provides services for film production, film and television art props setting, cultural entertainment broker, and Internet games.
  • HaiMi Culture Media — HaiMi Culture Media is a film and television product placement service provider.
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Cyber Creation Ventures (CCV)
VC Fund · Beijing, Beijing, China · 9 investments in China Media (entertainment) startups

Cyber Creation Ventures(CCV) is a global venture capital firm deeply rooted in the Silicon Valley ethos, specializing in early-stage investments while upholding the esteemed legacy of KPCB. Founded by Wei Zhou, the former Managing Partner of KPCB China, alongside the original technology investment team, we seamlessly merge Silicon Valley’sinnovative spirit with a broad global presence. We operate from offices in Singapore, Silicon Valley, and Beijing, investing in pioneering global technologies.With assets under management approaching $2 billion, our founding team leverages extensive entrepreneurial expertise to identify and cultivate high-potential startups. Within our first decade, we achieved a 35% unicorn formation rate and led Series A rounds for 80% of our ventures, elevating many to become trailblazers in their sectors and achieve successful public offerings.Our prestigious portfolio includes notable companies such as JD.com (NASDAQ:JD), VenusTech (002439), CreditEase (NYSE:YRD), Rong360 (NYSE:JT), Arrail Dental (HKSE:06639), Perfect Corp(NYSE:PERF), SYS Water Doctor (301372), and TanTan (acquired by NASDAQ:MOMO). We also back innovators like Ximalaya FM, Shukun Technology, Transsnet Financial, MetaApp, U POWER, Cowa Robot, and IceKredit.CCV’s leadership has consistently been recognized for its influence on the global venture capital landscape. Its partners have been named among Forbes' Top 100 Most Influential Global Chinese and Top 30 Venture Capitalists, as well as featured in Caijing Magazine’s TOP 50 Global Chinese Venture Capitalists. Additionally, partners were listed in Fortune's Top 30 Most Influential Investors of the Year and have received prestigious accolades such as Best Venture Capitalist by China Venture and Best Technology Fund Manager by The Asset.

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Investment focus

  • Industry: Artificial Intelligence, Manufacturing, Software
  • Stage:Series A, Series B
  • Geography: China, United States, Taiwan

Investor stats

  • Total investments: 105
  • Round size: Series A $2.9M–$100M; Series B $10M–$44M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $316M in 2018

Portfolio highlights

  • Yunboai — Yunboai is a virtual entertainment metaverse community for young people. It develops a technology that enables 3D motion capture.
  • BOTINKIT — Taking the most advanced robotics technology and data-based algorithms, we are enabling possible an easier, smarter and healthier cooking.
  • ACE Studio — ACE Studio is an AI-powered vocal synthesis and music production platform generating studio-quality singing and instruments.
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Media (Entertainment) Investor funding in China at a glance

Stats across 3.6k deals from 3.5k investors.

3.5k
investors
in China Media (entertainment) startups
3.6k
deals
in China Media (entertainment) startups
$1.8M
median round
in China Media (entertainment) startups
34%
lead investors
lead at least one round
29%
Series A
most common funding stage
97/3
VC / Angel
share of investor count

Access all 3467 investors in China Media (entertainment) startups.

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