# Richard Liu

> Richard Liu is a Series A investor at Morningside backing Software and Database. See 27 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Morningside](https://shizune.co/investors/profile/morningside-group)
- Total investments: 27
- Last investment: Aug 2022
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/richard-liu-0298a/

Richard Liu is a Series A investor at Morningside focused on Software and Database. Mr. Liu，the founding partner of Morningside Venture Capital. He has nearly 20 years’venture capital investment experience. Being an expert in media, entertainment, consumer service, enterprise, AI and FinTech, he plays a pivotal role to manage early stage investments in TMT industry in China on behalf of Morningside Venture Capital. The firmcurrently manages billions of dollars and invests in early stage companies in AI, enterprise, Healthcare service, FinTech, consumer service and so on. He led successful investments in YY(NASDAQ:YY), Phoenix New Media(NYSE:FENG), Xiaomi Corporation (1810.HK), UCweb(acquired by Alibaba Group), Xunlei(NASDAQ:XNET), Huya (NYSE:HUYA),Xiaopeng Motors, Horizon Robotics, Agora and etc..

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 7 | 26% |
| Database | 3 | 11% |
| Health Care | 3 | 11% |
| Artificial Intelligence | 3 | 11% |
| Medical | 2 | 7% |

47 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 8 | 30% |
| Series B | 6 | 22% |
| Series C | 4 | 15% |
| Series E | 2 | 7% |
| Series D | 1 | 4% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 15 | 56% |
| United States | 2 | 7% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Zilliz | Zilliz was founded in 2017 and operates as a distributed team with offices in both the U.S. and China. The company specializes in the development of open-source, AI-powered unstructured data analysis software, and is the initiator and primary contributor to the vector similarity search project Milvus. Milvus was released under an open-sourcelicense in October 2019. It has been “starred” over 4,400 times on GitHub and engaged 120+ contributors. Milvus has been adopted by 400+ enterprise users, with applications spanning image processing, computer vision, natural language processing (NLP), speech recognition, recommendation engines, search engines, new drug development, gene analysis, and more. In April 2020, Milvus became an incubation-stage project at the LF AI & Data Foundation, and currently has more commits than any other project in the incubator. | $60M | Series B | Aug 24, 2022 |  |
| HT Aero | HT Aero aspires to be the pioneer of urban air mobility (UAM) and is dedicated to producing safe and intelligent electric flying vehicles. which combine automotive and aerospace technologies to realize domestic air-travel usage at scale. | $500M | Series A | Oct 19, 2021 |  |
| Horizon Robotics | Horizon Robotics is a leading provider of ADAS and AD solutions for passenger vehicles with proprietary software and hardware. Our solutions combine cutting-edge algorithms, purpose-built software and state-of-the-art processing hardware, providing the core technologies for assisted and autonomous driving that enhance the safety and experience ofdrivers and passengers. | $150M | Series C | Dec 22, 2020 |  |
| Medbanks | Medbanks Network Technology provides data processing services to the healthcare industry. It develops an oncology database of clinical and professional medical services using information collected from hospitals. It was founded in 2014 and is based in Beijing. | $305M | Series E | Dec 21, 2020 |  |
| DEEPEXI | Beijing Dip Technology Co., Ltd. (hereinafter referred to as “Drip Technology”) is a leader and builder of digital transformation of enterprises, providing enterprise-level business consulting, solutions, products and technology research and development based on leading Internet architecture. The company was incorporated in May 2018 with aregistered capital of 20 million. At present, the company has 160 employees and its headquarters is located in Beijing. It has branches in major cities including Guangzhou, Shenzhen, Nanjing and Chengdu. The R&D team is over 80%, mainly in Guangzhou, Nanjing and Chengdu. People, masters dozens of people, have the top domestic AI team and open source team to join. |  | Series A | Dec 11, 2020 |  |
| X-EPIC | X-EPIC is a Nanjing city-based startup aimed at building up China’s own EDA (Electronic Design Automation) industrial software technology. | $30.6M | Series A | Dec 09, 2020 |  |
| DEEPEXI | Beijing Dip Technology Co., Ltd. (hereinafter referred to as “Drip Technology”) is a leader and builder of digital transformation of enterprises, providing enterprise-level business consulting, solutions, products and technology research and development based on leading Internet architecture. The company was incorporated in May 2018 with aregistered capital of 20 million. At present, the company has 160 employees and its headquarters is located in Beijing. It has branches in major cities including Guangzhou, Shenzhen, Nanjing and Chengdu. The R&D team is over 80%, mainly in Guangzhou, Nanjing and Chengdu. People, masters dozens of people, have the top domestic AI team and open source team to join. | $40M | Series A | Dec 05, 2020 |  |
| PingCAP | PingCAP is an open-source distributed (HTAP) database software developer used to serve as a one-stop service for online transactions. The company is dedicated to building an open-source distributed NewSQL hybrid transactional and analytical processing (HTAP) database The flagship product, TiDB, features infinite horizontal scalability, strongconsistency, and high availability. The goal of TiDB is to serve as a one-stop solution for both OLTP (Online Transactional Processing) and OLAP (Online Analytical Processing). | $270M | Series D | Nov 16, 2020 |  |
| Zilliz | Zilliz was founded in 2017 and operates as a distributed team with offices in both the U.S. and China. The company specializes in the development of open-source, AI-powered unstructured data analysis software, and is the initiator and primary contributor to the vector similarity search project Milvus. Milvus was released under an open-sourcelicense in October 2019. It has been “starred” over 4,400 times on GitHub and engaged 120+ contributors. Milvus has been adopted by 400+ enterprise users, with applications spanning image processing, computer vision, natural language processing (NLP), speech recognition, recommendation engines, search engines, new drug development, gene analysis, and more. In April 2020, Milvus became an incubation-stage project at the LF AI & Data Foundation, and currently has more commits than any other project in the incubator. | $43M | Series B | Nov 16, 2020 |  |
| DEEPEXI | Beijing Dip Technology Co., Ltd. (hereinafter referred to as “Drip Technology”) is a leader and builder of digital transformation of enterprises, providing enterprise-level business consulting, solutions, products and technology research and development based on leading Internet architecture. The company was incorporated in May 2018 with aregistered capital of 20 million. At present, the company has 160 employees and its headquarters is located in Beijing. It has branches in major cities including Guangzhou, Shenzhen, Nanjing and Chengdu. The R&D team is over 80%, mainly in Guangzhou, Nanjing and Chengdu. People, masters dozens of people, have the top domestic AI team and open source team to join. | $50M | Series A | May 28, 2020 |  |

10 of 27 investments shown.

## Co-investors
- [Hillhouse Investment](https://shizune.co/investors/profile/hillhouse-capital) — VC Fund, 9 deals together
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 8 deals together
- [BAI capital](https://shizune.co/investors/profile/bertelsmann-asia-investments) — VC Fund, 4 deals together
- [Chuxin Capital](https://shizune.co/investors/profile/chuxin-capital) — VC Fund, 4 deals together
- [GGV Capital](https://shizune.co/investors/profile/ggv-capital) — VC Fund, 4 deals together
- [Hillhouse Investment](https://shizune.co/investors/profile/hillhouse-investment) — VC Fund, 4 deals together

## About Morningside

VC Fund · Shanghai, China

Morningside makes venture capital investments in companies with novel science and technology. We are characterized by a long-term outlook in company-building and an unwavering commitment to acting ethically. Based in the greater Boston area, our team of entrepreneurial investment professionals has deep experience in life sciences, digital health,AI, materials and technology. Founded in 1986 as a family office for the Chan family, charitable commitments to education, research and healthcare include the Harvard T.H. Chan School of Public Health, the UMass Chan Medical School, and the MIT Morningside Academy for Design.

5 contacts available at Morningside.

| Name | Title | Profile |
| --- | --- | --- |
| Gerald Chan | Co-founded | https://shizune.co/investors/profile/gerald-chan |
| Isaac Cheng | Investment Professional | https://shizune.co/investors/profile/isaac-cheng |
| Richard Liu | General Partner | https://shizune.co/investors/profile/richard-liu-3 |
| Ronnie Chan | Co-founder | https://shizune.co/investors/profile/ronnie-chan |
| Stephanie O'Brien | Partner | https://shizune.co/investors/profile/stephanie-obrien |

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## FAQ

### What does Richard Liu invest in?

Richard Liu invests primarily in Software, Database and Health Care startups, most often at Series A and Series B stage. Most of the 27 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Richard Liu last invest?

The most recent investment recorded for Richard Liu closed in Aug 2022. Shizune tracks 27 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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