Shanghai Liuhe Capital
VC Fund
Shanghai, China
Shanghai Liuhe Capital is a professional investment management company started in August 2004 in Shanghai China. The company currently manages around RMB 4 billion assets, in the form of trust security funds, PIPE funds, and VC/PE. Liuhe Capital is managed by nine partners, majority of whom have been working together for more than ten years. Dr. Xia Xiaohui, CEO & General Manager, was ranked among the TOP 10 of 2012 China's Best Private Fund Managers, by Forbes (Chinese version). Liuhe's security trading business is managing eight trust security funds, which are also called private funds. Among the eight funds, Liuhe Fortune Yinzhan and Liuhe Sunshine Age were set up in 2008 and 2009 respectively, which are the early private funds in China. Liuhe Sunshine Age was ranked among the TOP 10 of 2012 China's Best Private Funds for its three-year performance. Liuhe's VC/PE business started in 2006. Among the seventeen deals invested, six have successfully gone public in China. Liuhe Capital is ranked as one of the TOP 50 PE managers by Qingke Group in its 2012 China VC/PE ranking report. PE/VC business focuses upon investing in small to middle-sized, high-growth companies in high-end manufacturing, advanced materials, consumer product and services sectors. PIPE is a relatively new business in Liuhe Capital. It started in 2011, and has invested in more than ten PIPE deals with total amount over RMB 2.7 billion. "Growth, Change and Fair Valuation" is the core investment philosophy of Liuhe Capital. Liuhe Capital believes that changes and growth are the key driving forces of a company's value increase. Liuhe's culture is "Pursuing Excellence, Sharing and Being Benevolent." Liuhe's core values include putting the customer's interest first, respecting facts, and encouraging responsibility and innovation. Liuhe's goal is to become one of the most respected investment management companies in China.
- Total investments:
- 16
- Last investment:
- Lead investor:
- 6%
Last updated:
For AI agents: llms.txt
Industries Shanghai Liuhe Capital invests in
Stages Shanghai Liuhe Capital invests in
Countries Shanghai Liuhe Capital invests in
Round sizes
Round size
- Angel
- $157k–$939k
- Series A
- $66k–$5M
Investment Focus
Industry
- Financial Services 4 (25%)
- Software 3 (19%)
- SaaS 2 (13%)
- Finance 2 (13%)
- Information Services 2 (13%)
Stage
- Angel 9 (56%)
- Series A 3 (19%)
- Series B 2 (13%)
- Post-IPO Equity 2 (13%)
Country
- China 13 (81%)
- United States 2 (13%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Baicells Technologies provides wireless broadband access solutions. Its technical solutions include Light4G which is a deployment solution for mobile operators to improve coverage and expand capacity in hotspot; BroFi WBB solution which is a multi-carrier intelligent broadband access system that triples the user capacity and provides 300 Mbpshigh-speed concurrent broadband; and WeLTE 4G wireless industry network solutions which provide multi-media services covering voice, cluster service, positioning, data collection, picture transmission, video call, high-definition monitoring ,and emergency communication for various industries. Baicells Technologies also manufactures elfCell which helps mobile operators to build digital home integrated platform. Additionally, it manufactures pico cell, micro cell, and customized TDD/FDD customized frequency bands. Lixin Sun and Mingyu Zhou founded Baicells Technologies in 2014. It has its headquarters in Plano in Texas with additional location in Beijing in China. | Series B / Feb 01, 2018 | ||
| HeadSpring Technology is a provider of transportation equipment, R&D and information technology solutions. | $7.2M / Post-IPO Equity / Nov 07, 2017 | ||
| Founded in 2015, Meixin provides a number of global wealth management products such as fixed income investments, real estate private equity fund, private equity investments and overseas hedge funds to Chinese high-net-worth individual clients. It also has a business-to-business platform providing global asset analysis and trading services forfinancial institutions such as asset management companies. | $5M / Series A / Jul 17, 2017 | ||
| idatag offers big data-oriented enterprise precision marketing solutions. | $451.9K / Angel / Jun 29, 2016 | ||
| Yunzhangfang provides finance and tax management software intended to offer integrated and automatic finance and taxation management tools. Its finance and tax management software helps micro-enterprises and small accounting agencies to automate the process of data collection, accounts checking, and tax statement preparation all through, enablingits clients to perform all of its bookkeeping tasks through a SaaS-based platform. | Series A / May 01, 2016 | ||
| xiaomar.com is positioned as a technology company serving insurance intermediaries. They use technology to increase income for insurance intermediaries. They realize value sharing with insurance intermediaries in the process of improving the customer experience and including technology, products, marketing, finance, and operations services. | $926.8K / Angel / May 01, 2016 | ||
| GDI is a research company in the VR industry. | $3.1M / Post-IPO Equity / Dec 26, 2015 | ||
| Dingzhilian provides logo-centered VI system peripheral product customization services. They create multi-scenario SaaS services based on data interconnection. They provide multi-faceted data support based on big data and AI intelligence. | $236.1K / Angel / Oct 08, 2015 | ||
| JoinQuant is an Investment trading service platform. | $156.9K / Angel / Sep 26, 2015 | ||
| Gu Xiaofan is an online platform for mental health services. | $939K / Angel / Aug 29, 2015 | ||
| See all 16 investments → | |||
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FAQ
What does Shanghai Liuhe Capital invest in?
Shanghai Liuhe Capital invests primarily in Financial Services, Software and SaaS startups, most often at Angel and Series A stage. Most of the 16 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Shanghai Liuhe Capital invest in?
Shanghai Liuhe Capital typically joins rounds of $157k–$939k at Angel and $66k–$5M at Series A. These are whole funding-round sizes, not Shanghai Liuhe Capital's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Shanghai Liuhe Capital took part in.
When did Shanghai Liuhe Capital last invest?
The most recent investment recorded for Shanghai Liuhe Capital closed in Feb 2018. Shizune tracks 16 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 Nov 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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