# CMW Asset Management

> CMW Asset Management is a VC fund in Shenzhen backing E-Commerce, Internet and Brewing. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Shenzhen, China
- Total investments: 3
- Last investment: Dec 2017
- Lead investor: 33%
- Last updated: Aug 2026
- Website: http://www.cmwachina.com

CMW Asset Management is a VC fund in Shenzhen focused on E-Commerce and Internet. China Merchants Wealth is a provider of financial management, wealth products, alternative investments, equity investment, and other related services.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 3 | 100% |
| Internet | 2 | 67% |
| Brewing | 1 | 33% |
| Parenting | 1 | 33% |
| Automotive | 1 | 33% |

9 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 33% |
| Series D | 1 | 33% |
| Post-IPO Equity | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Chexiang | Chexiang.com is a Chinese online-to-offline automotive trading platform under Shanghai-based auto maker SAIC Motor Co Ltd. | $141.7M | Series B | Dec 04, 2017 |  |
| Babytree | Babytree is the largest parenting website in China, aimed at the fast-growing 60 million Chinese parents and 54-billion-dollar maternity and baby industry. Babytree aims to establish a platform where parents can share valuable experience, obtain positive and meaningful experiences about parenting and growth, and solve their multi-level andmulti-sided parenting issues at the same time. | $425.2M | Series D | Jul 20, 2016 |  |
| 1919 Wines & Spirits | Wines & Spirits is a Chinese e-commerce liquor retailer. | $151M | Post-IPO Equity | May 25, 2016 |  |

3 of 3 investments shown.

## Co-investors
- [China Taiping Insurance](https://shizune.co/investors/profile/china-taiping-insurance) — VC Fund, 1 deal together
- [CITIC Securities](https://shizune.co/investors/profile/citic-securities) — VC Fund, 1 deal together
- [Danfu Investment](https://shizune.co/investors/profile/danfu-investment) — VC Fund, 1 deal together
- [Fosun International](https://shizune.co/investors/profile/fosun-international) — VC Fund, 1 deal together
- [Matrix Partners China](https://shizune.co/investors/profile/matrix-partners-china) — VC Fund, 1 deal together
- [Mount Morning Capital](https://shizune.co/investors/profile/mount-morning-capital) — 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 CMW Asset Management invest in?

CMW Asset Management invests primarily in E-Commerce, Internet and Brewing startups, most often at Series B and Series D stage. Most of the 3 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did CMW Asset Management last invest?

The most recent investment recorded for CMW Asset Management closed in Dec 2017. Shizune tracks 3 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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