# Zhang Yichen

> Zhang Yichen is a seed investor at CITIC Capital Holdings backing Electronics and Beauty. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [CITIC Capital Holdings](https://shizune.co/investors/profile/citic-capital-holdings)
- Location: Hong Kong, Hong Kong
- Total investments: 5
- Last investment: Mar 2026
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/yichen-zhang-92a7a312

Zhang Yichen is a seed investor at CITIC Capital Holdings in Hong Kong focused on Electronics and Beauty. Graduate, MIT. Formerly with: Greenwich Capital Markets; Bank of Tokyo; Merrill Lynch. 2000, Exec. Dir., CITIC Group CITIC Pacific and Pres., CITIC Pacific Comms; 2002, founded and currently, Chairman and CEO, CITIC Capital. Member, 11th and 12th Nat'l Cttee, CPPCC. Founding Member and Vice-Chair: Beijing Private Eq. Assoc.; Tianjin PrivateEq. Assoc. Exec. Cttee Member, Board of Governors, and former Chair, China Venture Capital and Private Equity Assoc. Vice-Chair, Center for China & Globalization. Board Member: Emerging Markets Private Equity Assoc.; Foundation Board, Young Global Leaders, World Economic Forum.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Electronics | 2 | 40% |
| Beauty | 1 | 20% |
| Consumer | 1 | 20% |
| Hardware | 1 | 20% |
| Outdoors | 1 | 20% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 40% |
| Funding Round | 1 | 20% |
| Post-IPO Debt | 1 | 20% |
| Private Equity | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 3 | 60% |
| Hong Kong | 1 | 20% |
| Singapore | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Yatsen Holding | Yasten provides high-quality fashion makeup products. | $120M | Post-IPO Debt | Mar 11, 2026 |  |
| Urtopia | Urtopia designs and manufactures electric bicycles that combine lightweight carbon fiber construction with integrated digital technologies for urban commuting and recreational riding. Its product portfolio includes e-bikes equipped with features such as GPS tracking, mobile app connectivity, navigation, security functions, and software-enabledriding assistance. The company develops its own smart IoT system and control algorithms to support bike connectivity, energy management, and over-the-air software updates. In addition to designing and selling electric bicycles, Urtopia provides customer support, maintenance resources, warranty services, and a network of authorized service partners for product servicing. | $10M | Seed | Feb 18, 2022 |  |
| Yuanfang Youguang | Stoke Voltaics is an outdoor 3C hardware design and development company that develops and sells outdoor 3C hardware products globally. | $7.8M | Seed | Jan 10, 2022 |  |
| Rootnet Technology | Rootnet Technology is the IT system provider in the financial industry with the most comprehensive product offerings and the strongest innovative capabilities. |  | Private Equity | Jun 17, 2021 |  |
| NEON | NEON is a global leader in creating and producing immersive experiences. NEON enjoys worldwide partnerships with The Walt Disney Company and Marvel Entertainment for Marvel Avengers S.T.A.T.I.O.N. and Marvel Avengers Station: Evolution, 20th Century Studios for AVATAR: The Exhibition, Hasbro for Transformers: The Experience, NBCUniversal forJurassic World: The Exhibition, and Lionsgate for The Hunger Games: The Exhibition. It also has a partnership with Warner Bros. Themed Entertainment to produce two brand-new, unique global touring-themed art experiences inspired by DC and the Wizarding World, slated to launch in 2023. The Company also partners with the governments of Peru and Egypt for their original artifact IP experiences, Machu Picchu and the Golden Empires of Peru and Ramses the Great and the Gold of the Pharaohs, respectively, plus authentic artifact tours Pompeii: The Exhibition, Mummies of the World: The Exhibition, Victoria the T. Rex and Auschwitz. Not Long Ago. Not Far Away. These partnerships have enabled the Group to bring compelling experiences that leave lasting memories to millions of visitors in more than 60 cities to date globally. |  |  |  |  |

5 of 5 investments shown.

## Co-investors
- [DCM Ventures](https://shizune.co/investors/profile/dcm) — VC Fund, 1 deal together
- [Hillhouse Ventures](https://shizune.co/investors/profile/hillhouse-ventures) — VC Fund, 1 deal together
- [MSA Capital](https://shizune.co/investors/profile/msacap) — VC Fund, 1 deal together
- [Shunwei Capital](https://shizune.co/investors/profile/shunwei-china-internet-fund) — VC Fund, 1 deal together
- [Yisan Capital](https://shizune.co/investors/profile/yisan-capital) — VC Fund, 1 deal together

## About CITIC Capital Holdings

VC Fund · Central, Hong Kong

CITIC Capital Holdings is an alternative investment management and advisory company headquartered in China.

3 contacts available at CITIC Capital Holdings.

| Name | Title | Profile |
| --- | --- | --- |
| Zhang Yichen | Founder, Chief Executive Officer | https://shizune.co/investors/profile/zhang-yichen |
| Alice Zhang | Senior Associate | https://shizune.co/investors/profile/alice-zhang-2 |
| Lei Zhao | Senior Managing Director | https://shizune.co/investors/profile/lei-zhao-9217 |

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## FAQ

### What does Zhang Yichen invest in?

Zhang Yichen invests primarily in Electronics, Beauty and Consumer startups, most often at Seed and Funding Round stage. Most of the 5 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Zhang Yichen last invest?

The most recent investment recorded for Zhang Yichen closed in Mar 2026. Shizune tracks 5 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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