# Adam Li

> Adam Li is a Series B investor at Panda Capital (Changning) backing Consumer. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Panda Capital](https://shizune.co/investors/profile/panda-capital)
- Location: Changning, China
- Total investments: 1
- Last investment: Sep 2019
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/adam-lilun-885477151/

Adam Li is a Series B investor at Panda Capital in Changning focused on Consumer. Adam is one of the four Founding Partners of Panda Capital with 15 years of experience in venture capital and entrepreneurship. Previously, Adam was a Partner at Empower Investment. Prior to that, Adam served as Director of Post Management at Morningside Ventures and worked in media management at Financial Times and International Financial News inhis earlier days.Before becoming a full-time investor, Adam was an entrepreneur who successfully sold his startup to a public company traded on NASDAQ while also being an independent angel investor. Adam was ranked China’s Top 100 Venture Investors by Fortune China two years in a row in 2017 and 2018. His portfolio includes: Mobike, MimeDai, Airwheel, Chunshuitang, Haodai, Liweijia, and Kuainiu Group, etc.Adam graduated from Xiamen University with a Bachelor of Science in Biotechnology.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Pet’em | Pet'em is a comprehensive pet service and merchandise retail brand. By opening offline chain stores, it provides services such as dog certification, pet fostering, pet grooming, and provides on-site service and pets. Nutritional health products, no grain imported staple food and other products. | $14.2M | Series B | Sep 04, 2019 |  |

1 of 1 investments shown.

## Co-investors
- [Shanghai Pigu Capital](https://shizune.co/investors/profile/shanghai-pigu-capital) — VC Fund, 1 deal together

## About Panda Capital

VC Fund · Shanghai, China

Founded in 2015, Panda Capital is a new generation venture capital firm in China focused on early-stage businesses powered by innovative and disruptive technology.Panda Capital is a disciplined early-stage investor focused on companies from Angel to Series B stages and strive to become their first or the second institutional investor.We focus onfast-growing tech startups in areas including Data Driven AI Applications, Enterprise Services, Fintech, Logistics, Mobility & Transportation, and New Generation Consumer Trends.Our family of portfolio companies include: Mobike (Now as Meituan Bike), Atzuche, Mi-Me Financial, 1ziton, Intengine Technology, Xunyi (Antwork), Robot++, Aiwhale, Dr. White and Fulmz AI, etc. Panda Capital have received various awards including "2017 & 2018 China Venture Capital Firms Top 10" by Zero2IPO, “2017 China’s Best Venture Capital Firms Top 10” and “2017 China’s Best Return Venture Capital Firms Top 10” by China Venture, and “2017 China Venture Capital Firms in Sharing Economy Top 10” by 36Kr, etc.

5 contacts available at Panda Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Peter Mao | Partner | https://shizune.co/investors/profile/peter-mao-4f3a |
| Ryan Li | Partner | https://shizune.co/investors/profile/ryan-li-6685 |
| Adam Li | Partner | https://shizune.co/investors/profile/adam-li |
| Jinqi (James) Chen | Associate | https://shizune.co/investors/profile/jinqi-james-chen |
| Li Xinyi | Partner | https://shizune.co/investors/profile/li-xinyi |

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## FAQ

### What does Adam Li invest in?

Adam Li invests primarily in Consumer startups, most often at Series B stage. Most of the 1 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Adam Li last invest?

The most recent investment recorded for Adam Li closed in Sep 2019. Shizune tracks 1 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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