ZWC Partners
VC Fund
Central, Hong Kong
ZWC Partners is an Asia-based, dual-currency private equity investment firm focused on growth-stage investments and strategic buyout opportunities across the technology and consumer sectors in global high-growth markets. With teams in China, Japan, Singapore, Indonesia, France and Italy, ZWC Partners manages over USD2.5 billion in assets. ZWC Partners is supported by a diversified investor base, including leading corporates, family offices, and institutional investors worldwide. Its integrated technology and industry ecosystem offers portfolio companies a unique combination of capital and strategic resources, through its extensive network of LPs, accomplished entrepreneurs, and experienced management teams. Upholding its principles of “Altruism” and “Innovation-Driven Value Investing” and guided by the entrepreneurial background of its founding team, ZWC Partners is committed to empowering the next generation of visionary entrepreneurs, driving technological innovation, and fostering the sustainable development of society. Founded in 2015, ZWC Partners has built a strong track record with over 100 investments. Notable portfolio companies include Amer Sports (AS.US), Frette, Gentle Monster, Xpeng (XPEV.US), Horizon Robotics (9660.HK), GoTo (GOTO.JK), J&T Express (1519.HK), Eswin (688783.SH), XtalPi (2228.HK), 4Paradigm (6682.HK), Boss Zhipin (BZ.US, 2076.HK), Medbanks (0314.HK), Focus Media (002027.SZ), Momenta, KUNLUNXIN, Jaguar Micro, IMOU, SprintRay, Vevor, 58.com, Mobike, Baichuan AI, and more.
- Total investments:
- 66
- Last investment:
- Lead investor:
- 30%
- Fund size:
- $1.1B
- 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
- $1.5M–$300M
- Series B
- $28M–$464M
- Series D
- $70M–$700M
Investment Focus
Industry
- Artificial Intelligence 14 (21%)
- Software 9 (14%)
- Manufacturing 7 (11%)
- Robotics 5 (8%)
- E-Commerce 5 (8%)
Stage
- Series A 14 (21%)
- Series B 14 (21%)
- Series D 8 (12%)
- Series C 6 (9%)
- Venture - Series Unknown 6 (9%)
Country
- China 41 (62%)
- United States 7 (11%)
- Indonesia 4 (6%)
- Singapore 1 (2%)
- South Korea 1 (2%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Patrick Cheung
Founder
|
Founder | Total investments: 42 | 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 |
|---|---|---|---|
| Zhongke Terahertz is a high-power terahertz industrialization enterprise focused on advancing terahertz technology through its “egg-laying along the way” and “three-on-site” development strategies, enabling innovative applications across industrial, scientific, and high-tech sectors. | Series B / Sep 09, 2026 | ||
| 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 | ||
| See all 66 investments → | |||
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FAQ
What does ZWC Partners invest in?
ZWC Partners invests primarily in Artificial Intelligence, Software and Manufacturing startups, most often at Series A and Series B stage. Most of the 66 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 ZWC Partners invest in?
ZWC Partners typically joins rounds of $1.5M–$300M at Series A, $28M–$464M at Series B and $70M–$700M at Series D. These are whole funding-round sizes, not ZWC Partners's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds ZWC Partners took part 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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