ZWC Partners
VC Fund
Central, Hong Kong
ZWC Partners is a VC fund in Central focused on Artificial Intelligence and Software. Founded in 2015, ZWC Partners(ZWC), is a dual-currency fund platform focusing on early-stage and long term investments. The fund’s Asset Under Management (AUM) to date has exceeded one billion US dollars, covering nearly 10 unicorn companies.ZWC provides capital support and value-added services for China and Southeast Asia innovative companiesacross Consumer Tech, Enterprise Services, and Industry Technology sectors.ZWC investment portfolio is including Tantan, 4th paradigm, Global Scanner, Yunhu Technology, Xiao Dian, Boss Zhipin, Baletu,Souche, Shuhe Group, Leyan Technologies, etc. Other investments from our affiliated fund inlcude VIPKID, Yitu Technology, Mobike, JD Finance, Miaopai, Wattpad, Rootcloud, etc.ZWC’s co-founding shareholders include serial successful entrepreneurs and leading businessman such as Mr. Jason Jiang Nanchun, founder of Focus Media, who has strong insights and resources in the consumer and technology sectors.ZWC adheres to our core investment philosophy - “Altruism” and we believes that this is the philosophy that makes enterprises great.ZWC also integrates “Altruism” into long term operation and we consistently look for other sustainable business models and outstanding founding teams with “Altruism”. ZWC will continuously provide value-added services to help aspiring entrepreneurs to become future unicorn companies.
- Total investments:
- 62
- Last investment:
- Lead investor:
- 32%
- Fund size:
- $736M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries ZWC Partners invests in
Stages ZWC Partners invests in
Countries ZWC Partners invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series A
- $1.4M–$300M
- Series B
- $28M–$464M
- Series C
- $21M–$600M
Investment Focus
Industry
- Artificial Intelligence 10 (16%)
- Software 7 (11%)
- Logistics 4 (6%)
- Apps 3 (5%)
- SaaS 3 (5%)
Stage
- Series B 11 (18%)
- Series A 7 (11%)
- Series C 6 (10%)
- Series D 6 (10%)
- Funding Round 5 (8%)
Country
- China 32 (52%)
- United States 4 (6%)
- Indonesia 3 (5%)
- Singapore 1 (2%)
- South Korea 1 (2%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Patrick Cheung
Founder
|
Founder | Total investments: 39 | Find email | |
Vivian Xu
Partner
|
Partner | Total investments: 12 | Find email | |
Michael Yao
Partner
|
Partner | Total investments: 1 | Find email | |
Tiffany Chu
Chief Financial Officer
|
Chief Financial Officer | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| iicombined is an innovative global company that has a fundamentally different paradigm for retailing business. | Private Equity / Jun 04, 2026 | ||
| AIsphere focuses on visual multimodal large models and empowering content producers in many sectors and scenarios with AIGC technology. | $300M / Series C / Mar 12, 2026 | ||
| Cozyla creates smart devices with an integration platform to make life easier and strengthen relationships with loved ones. It aims to deliver friendly products with innovative ideas and great user experience. Yao Li established Cozyla in 2022. | Venture - Series Unknown / Dec 30, 2025 | ||
| Kunlun Chip is a chip business company under Baidu. | $282.9M / Dec 05, 2025 | ||
| Momenta is an autonomous driving startup operating out of Beijing. Its deep-learning-based software in perception, HD semantic mapping, and data-driven path planning enables the realization of full autonomy. Momenta offer multi-level autonomous driving solutions as well as big data products and services.Momenta’s team is composed of experts incomputer vision and deep learning, including one of the authors of Faster R-CNN and ResNet, the most popular deep learning network, as well as winners of ImageNet 2015, MS COCO Challenge 2015, and ImageNet 2017. The company is leading the autonomous driving software space with advanced technical competence and a strong commitment to innovation. | Series C / Dec 05, 2025 | ||
| SiliCool is a company that focuses on chip interconnection technology. | Series B / Dec 04, 2025 | ||
| iicombined is an innovative global company that has a fundamentally different paradigm for retailing business. | Venture - Series Unknown / Aug 14, 2025 | ||
| Qianshou is a dating application that helps to find the right partner for life by using artificial matchmaker service. | $30.5M / Series B / Jun 12, 2025 | ||
| Huatron is a cutting-edge, pioneering development platform designed to integrate and streamline various forms of drive technology into a cohesive, unified system. With its advanced solutions, Huatron enables the seamless connection and management of diverse drive components, facilitating more efficient and flexible automation processes. | Series A / Jul 15, 2024 | ||
| Vilion is a high-tech company that combines research and development, sales, and service of battery energy storage solutions. Vilion concentrates on C&I user side battery energy storage system integration technical services and is dedicated to being a competent technology and solution service provider in order to provide enterprises withdependable goods and technical services. | Seed / Jan 08, 2024 | ||
| See all 62 investments → | |||
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FAQ
What does ZWC Partners invest in?
ZWC Partners invests primarily in Artificial Intelligence, Software and Logistics startups, most often at Series B and Series A stage. Most of the 62 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is ZWC Partners's check size?
ZWC Partners typically joins rounds of $1.4M–$300M at Series A, $28M–$464M at Series B and $21M–$600M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds ZWC Partners participates in.
How do I contact ZWC Partners?
Public channels for ZWC Partners include LinkedIn, the website linked on this profile and Facebook. 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 ZWC Partners?
The team at ZWC Partners includes Patrick Cheung (Founder), Vivian Xu (Partner) and Michael Yao (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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