# K11 Investment

> K11 Investment is a VC fund in Hong Kong backing E-Commerce, Internet and Logistics. See 14 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Hong Kong, Hong Kong
- Total investments: 14
- Last investment: Sep 2018
- Lead investor: 43%
- Last fund: Apr 2011
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/k11-concepts-limited/
- Website: https://k11.com/

K11 Investment is a VC fund in Hong Kong focused on E-Commerce and Internet. K11 Investment targets disruptive businesses that will shape the future consumption patterns of the Millennial and Generation Z audiences. Founded by billionaire entrepreneur Adrian Cheng, K11 Investment is the investment arm of his overarching K11 Group, with a cultural ecosystem that encompasses art and retail, property, fashion, tech,entertainment and media development.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 4 | 29% |
| Internet | 2 | 14% |
| Logistics | 2 | 14% |
| Artificial Intelligence | 2 | 14% |
| Apps | 1 | 7% |

39 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 21% |
| Series B | 3 | 21% |
| Series D | 2 | 14% |
| Private Equity | 2 | 14% |
| Angel | 1 | 7% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 10 | 71% |
| United States | 2 | 14% |
| Hong Kong | 1 | 7% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| D1M | D1M is a digital retail service provider for global brand owners. They provide digital retail services that include go-to-market consulting, e-commerce IT setup, digital marketing, multi-platform e-store operation, omni-channel CRM integration, logistic planning, and warehouse operation. The company's qualified and multilingual workforce worksto enable brand owners to complete their worldwide digital retail footprints. | $14.6M | Series A | Sep 06, 2018 | http://www.d1m.cn/en/ |
| Xpeng Motors | Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures intelligent mobility solutions. | $584.5M | Series B | Aug 02, 2018 | https://www.xiaopeng.com/ |
| Xiaohongshu | Xiaohongshu is a lifestyle-sharing platform for users to share positive energy and good life through the sharing of text, pictures, and videos. Xiaohongshu offers an overseas shopping tip app. Xiaohongshu started its business by helping overseas travelers to draft a shopping list before they hit the roads. But with the aggregation of more UGCcontent, the service is transforming into a community for those who are passionate about fashion and shopping and want to know more about these fields even though they do not have overseas traveling plans on their schedules. | $300M | Series D | Jun 01, 2018 | https://www.xiaohongshu.com |
| Hangzhou Yuanlang Wenhua Culture Communication Co., Ltd. | Main business is development and commercialization of IPs based on historical artifacts and Chinese classical culture |  | Angel | May 01, 2018 |  |
| Manbang Group | Manbang Group offers a mobile truck-hailing platform that matches shippers with drivers and fleet operators. Manbang Group is a merged company between Chinese Uber-like truck logistics unicorns Yunmanman and Huochebang. It was founded in 2017 and based in Guiyang, China. | $1.9B | Private Equity | Apr 24, 2018 |  |
| Full Truck Alliance | Full Truck Alliance is a platform that connects shippers with truckers to facilitate shipments across distance ranges and cargo weights. its revenues principally from shippers' and truckers' use of its platforms in connection with freight matching services. | $1.9B | Private Equity | Apr 24, 2018 | https://ir.fulltruckalliance.com/ |
| Hua Medicine | Hua Medicine is a clinical-stage, innovative drug development company in China, focused on novel therapies for the treatment of diabetes and CNS disorders. Founded by pharma industry veterans and funded by a premier group of international VC investment firms such as Fidelity Asia, Fidelity Biosciences, ARCH Ventures, Venrock, SAIL and WuXiVentures, the company has in-licensed from major pharma, world-wide rights to a potential best-in-class, oral drug for the treatment of Type 2 Diabetes which utilizes a novel mechanism of action. | $117.4M | Series D | Mar 27, 2018 | https://www.huamedicine.com |
| JD Logistics | JD Logistics is a technology-driven supply chain solution and logistics service provider in China. Jingdong Group began to build its own logistics in 2007, and officially established Jingdong Logistics Group on April 25, 2007. With the mission of "technology-driven, leading global efficient circulation and sustainable development", JDLogistics is committed to becoming the world's most reliable supply chain infrastructure service provider. | $2.5B | Venture - Series Unknown | Feb 14, 2018 | https://www.jdl.cn |
| AbitAI | AbitAI is a shopping guide solution provider based in China. The company is an AI company that focuses on smart shopping. | $2.2M | Series A | Feb 05, 2018 | http://www.abitai.com |
| Ziroom | In 2011, Beijing Freedom Life Asset Management Co., Ltd. (referred to as “free”) was established in Beijing. It is different from the traditional intermediary leasing model. It is an O2O company that provides professional housing asset management services. Since its establishment six years ago, the number of freely managed houses has exceeded600,000, the number of service owners has exceeded 300,000, and the number of free-standing customers has exceeded 1.4 million. It has been stationed in 9 cities across the country: Beijing, Shanghai, Shenzhen, Hangzhou, Nanjing, Wuhan, Guangzhou, Tianjin, and Chengdu are the leaders of China's long-term rental apartments. On January 16, 2018, it was able to obtain RMB 4 million Series A financing led by Huaping Investment, Sequoia Capital China Fund and Tencent. Other investment institutions include Chinachem, Sunac China, and Transatlantic Investment. Source capital, channel, new hope and other institutions. This round of financing was provided by Huaxing Capital as the exclusive financial advisor and Han Kun as the legal advisor. | $620.8M | Series A | Jan 16, 2018 | http://www.ziroom.com/ |

10 of 14 investments shown.

## Co-investors
- [Tencent](https://shizune.co/investors/profile/tencent) — VC Fund, 5 deals together
- [C Ventures](https://shizune.co/investors/profile/c-ventures) — VC Fund, 4 deals together
- [Hillhouse Investment](https://shizune.co/investors/profile/hillhouse-capital) — VC Fund, 3 deals together
- [Hillhouse Investment](https://shizune.co/investors/profile/hillhouse-investment) — VC Fund, 3 deals together
- [HSG](https://shizune.co/investors/profile/hsg-cap) — VC Fund, 3 deals together
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund, 3 deals together

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## FAQ

### What does K11 Investment invest in?

K11 Investment invests primarily in E-Commerce, Internet and Logistics startups, most often at Series A and Series B stage. Most of the 14 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did K11 Investment last invest?

The most recent investment recorded for K11 Investment closed in Sep 2018. Shizune tracks 14 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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