# Kevin Yi Cheng

> Kevin Yi Cheng is a Series A investor at Hony Capital (Beijing) backing EdTech and Education. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Hony Capital](https://shizune.co/investors/profile/hony-capital)
- Location: Beijing, China
- Total investments: 1
- Last investment: Feb 2021
- Lead investor: 0%
- Last updated: Aug 2026

Kevin Yi Cheng is a Series A investor at Hony Capital in Beijing focused on EdTech and Education. Kevin Yi Cheng is Managing Director at Hony Capital.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| EdTech | 1 | 100% |
| Education | 1 | 100% |
| Vocational Education | 1 | 100% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Fenbi | Fenbi Wang provides vocational education examination services. | $390M | Series A | Feb 08, 2021 |  |

1 of 1 investments shown.

## Co-investors
- [CPE](https://shizune.co/investors/profile/citic-pe) — VC Fund, 1 deal together
- [DCP Capital](https://shizune.co/investors/profile/dcp-capital) — VC Fund, 1 deal together
- [Hike Capital](https://shizune.co/investors/profile/hike-capital) — VC Fund, 1 deal together
- [Hongrui Touzi](https://shizune.co/investors/profile/hongrui-touzi) — VC Fund, 1 deal together
- [Huaxing Growth Capital](https://shizune.co/investors/profile/huaxing-growth-capital) — VC Fund, 1 deal together
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 1 deal together

## About Hony Capital

VC Fund · Beijing, China

Founded in 2003, Hony Capital is a pioneer in China’s home grown private equity industry. Sponsored by Legend Holdings, a leading Chinese conglomerate, Hony has blazed the trail in formulating private equity investment strategies suitable for Chinese conditions by combining a deep understanding of local environment and people with global resourcesand international best practices. Today, with over USD 6.8 billion in assets under management across 7 funds and investments in over 60 companies, Hony is a leading China-focused private equity firm.Adhering to the “value creation” investment philosophy, Hony partners with managers and entrepreneurs to build their businesses into sustainable leaders in respective industries. Hony focuses on sectors where it has developed expertise: pharmaceuticals and healthcare, consumer & retail, media & entertainment, financial services, construction materials, machinery, and alternative energy & resources

4 contacts available at Hony Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Gu Yu | Investment Director | https://shizune.co/investors/profile/gu-yu-6e39 |
| John Zhao | Founder and CEO | https://shizune.co/investors/profile/john-zhao |
| Kevin Yi Cheng | Managing Director | https://shizune.co/investors/profile/kevin-yi-cheng |
| Lang Xiaofeng | Managing Director | https://shizune.co/investors/profile/lang-xiaofeng |

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### Similar stage
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## FAQ

### What does Kevin Yi Cheng invest in?

Kevin Yi Cheng invests primarily in EdTech, Education and Vocational Education startups, most often at Series A 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 Kevin Yi Cheng last invest?

The most recent investment recorded for Kevin Yi Cheng closed in Feb 2021. 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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