# The Arena Capital

> The Arena Capital is a VC fund in Shanghai backing Retail and Sports. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Shanghai, China
- Total investments: 9
- Last investment: Oct 2021
- Lead investor: 22%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/%E5%8A%A8%E5%9F%9F%E8%B5%84%E6%9C%AC/
- Website: http://www.thearenacapital.com/

The Arena Capital is a VC fund in Shanghai focused on Retail and Sports. The Arena Capital has been jointly established by Guiren Bird (603555), Tigers Sports and Jinglin Capital Management Co., Ltd., focusing on sports industry investment. The mobile domain believes that the sports industry is becoming the core driving force for China's economic growth. It is believed that the people's consumption power isimproving, and Internet technology and reform dividends constitute an opportunity for the outbreak of the sports industry. The dynamic team relies on deepening the accumulation of resources in the sports industry for more than 10 years, and is committed to working with entrepreneurs to promote the brilliant future of Chinese sports.

## Contacts

5 contacts available for The Arena Capital. Shizune tracks 5 team members at The Arena Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/the-arena-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Angel | $425k–$1.4M |
| Series A | $2.8M–$5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 2 | 22% |
| Sports | 2 | 22% |
| Consumer Goods | 2 | 22% |
| Food and Beverage | 2 | 22% |
| Tea | 1 | 11% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 5 | 56% |
| Seed | 2 | 22% |
| Angel | 2 | 22% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Cheng Hang | Managing partner | 0 | https://shizune.co/investors/profile/cheng-hang |
| Jiang Wei | Managing partner | 0 | https://shizune.co/investors/profile/jiang-wei-8abe |
| Lin Sien | partner | 0 | https://shizune.co/investors/profile/lin-sien |
| Lizhi XIE | Mangaging Partner | 1 | https://shizune.co/investors/profile/lizhi-xie-20ac |
| Yin Yi | Investment manager | 0 | https://shizune.co/investors/profile/yin-yi |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Next World Culture | Next World Culture is a startup focusing on creating AI-generated virtual humans. | $5M | Series A | Oct 25, 2021 |  |
| Happiewatch | Happiewatch is aretail company that provide a wide range of luxury goods and jewelry. |  | Seed | Jul 20, 2021 |  |
| Teasure | Teasure is a new modern casual teahouse that offers healthy drinks. It specializes in providing high-end milk tea with lychee, matcha, tangerine, strawberry, and jasmine flavors.Teasure has three stores located in Beijing APM, Youtang, and Xi'an, which are designed by designers from the original research institute, China, and the UnitedStates. It is a company that belongs to Beijing Boiled Leaf Restaurant Management Co., Ltd. |  | Series A | Feb 18, 2019 |  |
| GOGO STORE | GOGO STORE (动咖啡) is a mobile coffee car franchise operator, providing customers with coffee made from high quality raw materials such as Arabica beans, imported fresh milk, and moline syrup. GOGO mobile shopkeepers can use the company's mobile application to facilitate business, analyze operations, and more. |  | Seed | Mar 30, 2018 |  |
| Xiao Lizi | Xiao Lizi is a sales platform for sporting goods. | $2.8M | Series A | Mar 01, 2016 |  |
| Dongshi Yun | Dongshi Yun is a mobile internet audio and video cloud platform and technical service company. | $1.4M | Angel | Oct 01, 2015 |  |
| Qing Cheng Keji | Qing Cheng Keji is a leading management system service provider in the fitness industry. | $2.8M | Series A | Jul 31, 2015 |  |
| Pao Haile | Pao Haile is a music application for joggers. | $425K | Angel | Jul 29, 2015 |  |
| XianyuGame | Shenzhen Galaxy Interactive Technology Co., Ltd. was established in late 2013, is a collection of research and development, operations, distribution as one of the integrated mobile game business. Headquartered in Shenzhen, Beijing, Shanghai and other places with wholly-owned subsidiary. The company owns the "Best Team", "StreetballAlliance", "The Biggest Dream of the Rabbit", with the launch of the brand salted fish game, the research and development of the brand time machine studio, the Sansi San studio, the e-sports brand WUCG League, "Streetball one to one" and other industries vertical sub-field benchmarking products. |  | Series A | Jul 07, 2015 |  |

9 of 9 investments shown.

## Co-investors
- [Shunwei Capital](https://shizune.co/investors/profile/shunwei-china-internet-fund) — VC Fund, 2 deals together
- [Cyber Creation Ventures (CCV)](https://shizune.co/investors/profile/china-creation-ventures) — VC Fund, 1 deal together
- [Decent Capital](https://shizune.co/investors/profile/decent-capital) — VC Fund, 1 deal together
- [Fortune Venture Capital](https://shizune.co/investors/profile/fortune-venture-capital) — VC Fund, 1 deal together
- [Geekhouse Capital](https://shizune.co/investors/profile/geekhouse-capital) — VC Fund, 1 deal together
- [Greenwoods Asset Management](https://shizune.co/investors/profile/greenwoods-asset-management) — VC Fund, 1 deal together

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## FAQ

### What does The Arena Capital invest in?

The Arena Capital invests primarily in Retail, Sports and Consumer Goods startups, most often at Series A and Seed stage. Most of the 9 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is The Arena Capital's check size?

The Arena Capital typically joins rounds of $425k–$1.4M at Angel and $2.8M–$5M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds The Arena Capital participates in.

### How do I contact The Arena Capital?

Public channels for The Arena Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at The Arena Capital?

The team at The Arena Capital includes Cheng Hang (Managing partner), Jiang Wei (Managing partner) and Lin Sien (partner). The Team section lists each member with their title, investment count and links.

### 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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