Erhai Liu
Founding and managing partner @ Joy Capital
Beijing, China
Erhai Liu is a Series B investor at Joy Capital in Beijing focused on Internet of Things and Software. Mr. LIU Erhai joined Legend Capital in 2003 and is now Managing Director of the firm in charge of TMT investments. He is a member of the Management Committee and Investment Committee.At Legend Capital, Mr. Liu is responsible for investments in BitAuto (NASDAQ:BITA), Renren (NYSE:RENN), China Auto Rental, Zhaopin.com, Rock Mobile, UniversalEducation, ShopEx, Mbaobao.com, EverCare Med Institution, Yunda, SPORTICA, AutoRadio, Happy Elements, Pod Inn and 21cake.Before joining Legend Capital in 2003, Liu Erhai worked at China TieTong as Vice President of Operations, at Clarent China as Vice General Manager and at head of Value-added Business Department of JiTong Telecom.Mr. Liu holds a master’s degree in Communication and Information System from Xidian University, and an international MBA’s degree and a master’s degree in Psychology from Peking University.
- Total investments:
- 19
- Last investment:
- Lead investor:
- 37%
Last updated:
For AI agents: llms.txt
Industries Erhai Liu invests in
Stages Erhai Liu invests in
Countries Erhai Liu invests in
Investment Focus
Industry
- Internet of Things 3 (16%)
- Software 2 (11%)
- Automotive 2 (11%)
- Smart Home 2 (11%)
- Coffee 1 (5%)
Stage
- Series B 3 (16%)
- Series C 3 (16%)
- Angel 2 (11%)
- Series D 2 (11%)
- Seed 1 (5%)
Country
- China 8 (42%)
- United States 1 (5%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Legend Energy
|
Legend Energy provides clean, low-carbon, safe, and efficient smart energy storage products and solutions. | Series B / Jan 06, 2023 | |
|
Qidi
|
The foundation of digital industries such as 5G, artificial intelligence, and big data has rapidly evolved, as have the underlying technologies for smart glasses such as displays, interaction, algorithms, and computing power. | $14.2M / Angel / Sep 13, 2022 | |
|
Singularity
|
Singularity provides cost-effective shared computing power services to startups, large enterprises, and university research institutions, enabling them to access high-performance computing resources without the need for heavy upfront infrastructure investment. | $14.4M / Angel / Sep 13, 2022 | |
Yuan Planet
|
Youdi is a second-hand auto parts trading platform. | $15.7M / Series B / Jan 28, 2022 | |
Aqara
|
Aqara has rapidly grown into a leading smart home brand. Consumers consistently choose Aqara products for its elegant industrial design, high quality & cost efficiency. | $156M / Series C / Oct 28, 2021 | |
Luckin Coffee
|
Luckin coffee, a representative of China's new retail coffee, is committed to becoming a leading high-quality coffee brand and professional coffee service provider in the country.Luckin coffee, with preferred raw materials, exquisite coffee technology, innovative business models and leading mobile internet technologies, is striving to bringa higher quality coffee consumer experience to consumers and promote the popularization and development of coffee culture in China. | $250M / Post-IPO Equity / Apr 16, 2021 | |
Newlink
|
Newlink primarily operates as a digital energy service provider. It promotes energy change, the energy Internet of Things EIoT, and an energy new retail platform. It is a dual-material unicorn at home and abroad, one of the world's top 500 new energy companies, with more than 3,000 employees. Covering oil, electricity, hydrogen, and gasmultiple energy categories, opening up the upstream and downstream of the energy industry chain, and digitally reconstructing the energy ecology. | $200M / Series E / Mar 22, 2021 | |
Newlinks Technology
|
Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales,reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society. | $200M / Private Equity / Mar 22, 2021 | |
|
Newlinks Technology
|
Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales,reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society. | $100M / Private Equity / Jan 29, 2021 | |
|
Newlink
|
Newlink primarily operates as a digital energy service provider. It promotes energy change, the energy Internet of Things EIoT, and an energy new retail platform. It is a dual-material unicorn at home and abroad, one of the world's top 500 new energy companies, with more than 3,000 employees. Covering oil, electricity, hydrogen, and gasmultiple energy categories, opening up the upstream and downstream of the energy industry chain, and digitally reconstructing the energy ecology. | $128.5M / Series D / Jul 10, 2020 | |
| See all 19 investments → | |||
Co-Investors
About Joy Capital
JOY CAPITAL invests in startups of both early and growth stages and focuses on TMT and innovative consumption sectors. “Do Hard Things with JOY”. JOY CAPITAL keeps partnering with entrepreneurs for helping them make right decisions at key moments during a startup’s developments and sharing the hardship and joy with them while starting theirbusiness. Founding partners of JOY CAPITAL have invested in more than 80 startups and over 10 portfolios they’ve invested in are unicorns.
Joy Capital Contacts
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FAQ
What does Erhai Liu invest in?
Erhai Liu invests primarily in Internet of Things, Software and Automotive startups, most often at Series B and Series C stage. Most of the 19 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
When did Erhai Liu last invest?
The most recent investment recorded for Erhai Liu closed in Jan 2023. Shizune tracks 19 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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