# Alibaba Innovation Investment

> Alibaba Innovation Investment is a VC fund in Beijing backing Rental and Hardware. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 7
- Last investment: Apr 2021
- Lead investor: 29%
- Last updated: Aug 2026

Alibaba Innovation Investment is an entrepreneurship incubation platform.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Rental | 2 | 29% |
| Hardware | 2 | 29% |
| Information Technology | 2 | 29% |
| Apps | 1 | 14% |
| Energy | 1 | 14% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 2 | 29% |
| Series A | 1 | 14% |
| Series C | 1 | 14% |
| Series D | 1 | 14% |
| Funding Round | 1 | 14% |

6 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| QingCi Digital | QingCi Digital is an internet technology company specializing in the research, development, and operation of online games. |  |  | Apr 23, 2021 |  |
| QingCi Digital | QingCi Digital is an internet technology company specializing in the research, development, and operation of online games. |  | Secondary Market | Apr 23, 2021 |  |
| Energy Monster | Energy Monster is a power bank rental company, allowing its users to rent power banks by scanning QR code. It is designed to helps people to live their life without interruptions. Energy Monster reportedly covers 100 cities and 100K merchants. Energy Monster belongs to Shanghai Zhi Technology. | $234M | Series D | Mar 13, 2021 |  |
| PEKON | PEKON provides software, intelligent hardware, consulting services and integrated solutions for the retail industry. | $12.8M | Series B | Jul 18, 2018 |  |
| Cambricon Technologies | Cambrian Technology is a pioneer in the field of smart chips in the world. It aims to build the core processor chips of various intelligent cloud servers, smart terminals and intelligent robots. Professor Chen Tianshi, founder and CEO of the company, is a distinguished young scientist renowned both at home and abroad in the field of processorarchitecture and artificial intelligence. He was awarded the honorary title of "Excellent Youth" by the National Natural Science Foundation of China, CCF-Intel Young Scholar Award, China Computer Society outstanding Doctoral Dissertation Award and other honors. The Cambrian is the world's first smart chip company with successful outflow and mature products, and has two product lines, terminal and server. The Cambrian-1A processor (Cambricon-1A), introduced in 2016, is the world's first commercial deep learning processor for smart phones, wearable devices, unmanned aerial vehicles, smart driving and other types of terminal equipment. | $100M | Series B | Jun 20, 2018 |  |
| YCloset | At YCloset, users were able to enroll for a monthly fee and rent clothes and accessories free of charge. Founded in 2015, the Beijing-based online platform operated in about 40 cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen. They had partnered with over a hundred fashion brands providing the rental service. The firmannounced that it would close down its operations by August 15, 2021. | $50M | Series C | Sep 06, 2017 |  |
| Best | Best Logistics (百世物流) is a Chinese comprehensive logistics supply chain service provider. The company provides comprehensive supply chain design and logistics services for domestic and foreign enterprises through its complete and systematic partner authentication management system, professional supply chain design solution, advanced informationtechnologies, and comprehensive self-developed operation platform GeniMax system.Founded in 2007, Best Logistics combines internet, information technology, and traditional logisctics services to create a new subversive commercial model to integrate the large logistics industry in China. The company has established multilevel operation centers nationwide, with a distribution network that covers the whole country. | $15M | Series A | Jun 18, 2008 |  |

7 of 7 investments shown.

## Co-investors
- [Bilibili](https://shizune.co/investors/profile/bilibili-inc) — VC Fund, 2 deals together
- [Tengxun Touzi](https://shizune.co/investors/profile/tengxun-touzi) — VC Fund, 2 deals together
- BOCI Asia — VC Fund, 1 deal together
- [CMC Capital Group](https://shizune.co/investors/profile/china-media-capital-cmc) — VC Fund, 1 deal together
- [China Renaissance](https://shizune.co/investors/profile/china-renaissance) — VC Fund, 1 deal together
- China State-Owned Capital Venture Investment Fund — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Alibaba Innovation Investment invest in?

Alibaba Innovation Investment invests primarily in Rental, Hardware and Information Technology startups, most often at Series B and Series A stage. Most of the 7 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Alibaba Innovation Investment last invest?

The most recent investment recorded for Alibaba Innovation Investment closed in Apr 2021. Shizune tracks 7 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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