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Top 50 Publishing VC Funds & Investors in China (July 2026)

The most active venture capital funds investing in China Publishing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Publishing startup companies. Find investors to raise a Series A, Series B or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Ceyuan Ventures
VC Fund
3 China, United States, Singapore Series A, Series B, Angel Internet, Software, Mobile $425k–$30M
Trustbridge Partners
VC Fund
3 China, United States, United Kingdom Series A, Series B, Series C Education, Health Care, Medical $1.4M–$100M
Middle East Venture Partners (MEVP)
VC Fund
2 United Arab Emirates, Lebanon, United States Seed, Series A, Series B E-Commerce, Financial Services, FinTech $420k–$110M
Frees Fund
VC Fund
2 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $425k–$35M
Guojin Capital
VC Fund
2 China Angel, Series A, Series B Media and Entertainment, Gaming, Education $425k–$14M
Geekhouse Capital
VC Fund
2 China Series A, Series B Publishing, Gaming, Sports $1.4M–$2.8M
ChineseAll Digital Publishing
VC Fund
2 China Series A, Angel Education, E-Learning, Mobile $354k–$2.8M
ZSVC
VC Fund
2 China, United States, India Series A, Seed, Series B Manufacturing, Medical, Health Care $1.4M–$85M
Chongqing Cultural Investment Group
VC Fund
1 China Series A News, Publishing, Information Services
ZONGHENG
VC Fund
1 China Series A Gaming, Publishing, Console Games
Zhongguo Qiye Lianhe Hui
VC Fund
1 China Angel News, Publishing, Digital Media
Zhejiang Chuangxin Chanye Touzi
VC Fund
1 China Angel Gaming, Mobile, Retail
JISCO
VC Fund
1 China Series A News, Internet, Publishing
Zhongjiancai Touzi
VC Fund
1 China Angel News, Publishing, Digital Media
The Arena Capital
VC Fund
1 China Series A, Angel, Seed Sports, Food and Beverage, Tea
Huobi Eco
VC Fund
1 China, Singapore, Japan Seed, Series A Blockchain, Cryptocurrency, Finance
Gansu Guotou
VC Fund
1 China Angel, Series A, Post-IPO Equity News, Fruit, Sales
October Capital
VC Fund
1 China Private Equity, Series B, Series A Manufacturing, Semiconductor, Electronics
Wuhan Optics Valley Elite Investment Management
VC Fund
1 China Series A, Angel, Series B Software, Information Technology, Artificial Intelligence
Greenwoods Asset Management
VC Fund
1 China Series A, Angel, Series C E-Commerce, Internet, Software
Leading Capital
VC Fund
1 China Series A, Angel, Seed Manufacturing, B2C, Mobile Apps
Ucap Cloud
VC Fund
1 China Seed, Series A Publishing, Service Industry, Information Services
CBC Capital
VC Fund
1 China, United States Series B, Series A, Series C Software, Internet, Information Technology
Foreign Language Teaching and Research Press
VC Fund
1 China Series A News, Internet, Publishing
Ourpalm
VC Fund
1 China, Hong Kong Series A, Post-IPO Equity, Angel Gaming, Information Technology, Digital Entertainment
Funcity Capital
VC Fund
1 China, Malta Series A, Angel, Seed Blockchain, Internet, Bitcoin
ChemChina
VC Fund
1 China Series A News, Internet, Publishing
PreIPO
VC Fund
1 China, Israel, United States Series A, Series B Manufacturing, Advertising, Marketing
8 Decimal Capital
VC Fund
1 United States, Singapore, China Seed, Angel Blockchain, Cryptocurrency, Financial Services
Zeus Interactive
VC Fund
1 China Angel Gaming, Mobile, Children
Angel Plus China
VC Fund
1 China, United States Angel, Series A, Seed Information Technology, Health Care, Internet
Youzu Interactive
VC Fund
1 China, Israel Angel, Series B, Series C Mobile, Gaming, Software
Huayi Brothers Media Group
VC Fund
1 China, United States Series A, Series D Video, Film, Gaming
Genertec Investment Management
VC Fund
1 China Series A News, Internet, Publishing
APGTIME
VC Fund
1 China Series A, Post-IPO Equity News, Internet, Publishing
Shunwei Capital
VC Fund
1 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.4M–$100M
Shengshi Hongyuan
VC Fund
1 China Angel Art, Video, Consumer $425k–$4.4M
Ruisi Guquan Touzi
VC Fund
1 China Angel, Series A Tutoring, Education, Lifestyle
Longhuahui Capital
VC Fund
1 China Private Equity Books, Publishing, Content Creators
Panxi Capital Management
VC Fund
1 China Private Equity Books, Publishing, Content Creators
Gepic Energy Development
VC Fund
1 China Series A News, Internet, Publishing
China Equity
VC Fund
1 China, United States, Canada Series A, Series B, Series C Software, Internet, Information Technology $1.4M–$156M
ZhenFund
VC Fund
1 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$28M
Kaitai Capital
VC Fund
1 China, United States, Singapore Series A, Seed, Series B Biotechnology, Health Care, Pharmaceutical $1.4M–$57M
LongLing Capital
VC Fund
1 China, Singapore, Hong Kong Angel, Seed, Series A Software, E-Commerce, Blockchain $425k–$10M
twofour54
VC Fund
1 United Arab Emirates, China, United States Seed, Angel, Pre-Seed Publishing, Gaming, Mobile
Vickers Venture Partners
VC Fund
1 United States, China, Singapore Series A, Series B, Seed Health Care, Biotechnology, Mobile $1M–$133M
Everbright Capital
VC Fund
1 China Series A, Series B, Post-IPO Equity Manufacturing, Finance, Hardware $1.4M–$184M
Meridian Capital Asia
VC Fund
1 China, Latvia, Hong Kong Series A, Angel, Series B Internet, Software, E-Commerce $425k–$28M
Five Bulls Fund
VC Fund
1 China Series C, Angel, Series A Manufacturing, Film, Medical
Access all 148 VC funds in China Publishing startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 3 investments in China Publishing startups

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

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Investment focus

  • Industry: Internet, Software, Mobile
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 104
  • Round size: Angel $425k–$3M; Series A $1M–$22M; Series B $2.8M–$30M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $282M in 2012

Portfolio highlights

  • OKX — OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. With monthly Proof of Reserve releases, OKX is trusted by over 50 million global users. OKX is the fastest and most reliable crypto trading app for professional traders everywhere. - Buy, sell, and trade 350+ tokens with 100+ local currencies -Duplicate moves from top traders in the industry in just one click - Explore Web3 and take control of your crypto, NFTs, and digital assets with the OKX WalletWith its extensive range of crypto products and services, and unwavering commitment to innovation, OKX’s vision is a world where financial access is backed by blockchain and the power of decentralized finance.
  • Ruidiwei — Ruidiwei is a tech enterprise that specializes in the design, development, production, sales, and service of antennas and components in microwave and millimeter-wave frequency bands.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
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Trustbridge Partners
VC Fund · Boston, Massachusetts, United States · 3 investments in China Publishing startups

Trustbridge Partners is a mission-driven growth equity firm founded in 2006 with approximately $8 billion under management.

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Investment focus

  • Industry: Education, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 111
  • Round size: Series A $1.4M–$30M; Series B $15M–$100M; Series C $30M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Metafoodx — Metafoodx is on a mission to solve the challenge of food waste. We believe that it is one of the most critical factors for achieving global sustainability.
  • Future — Get a dedicated coach, personalized training plan and unlimited workouts.
  • Yuntongxun — Beijing Ronglian Yitong Information Technology Co., Ltd, established in 2009, is the first and also the largest open platform that provides full communication capability. Cloud communications by the professional communication capabilities packaged into API interface for web, desktop and mobile applications can easily embed calls, conferencing,call center, SMS /intelligent call, mobile IM functions.
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Middle East Venture Partners (MEVP)
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in China Publishing startups

MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative tech companies run by talented entrepreneurs in the Middle East with a focus on the GCC and Levant countries. With a team of 20 VC professionals across offices in Dubai, Beirut, Bahrain, Abu Dhabi, and Riyadh, MEVP manages 5 regional funds with more than USD 260 million in Assets Under Management. MEVP is the largest and most established VC firm in the region, with clear cross border investment appetite.

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Investment focus

  • Industry: E-Commerce, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United Arab Emirates, Lebanon, United States

Investor stats

  • Total investments: 108
  • Round size: Seed $420k–$6M; Series A $1.5M–$14M; Series B $4.6M–$110M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • PinPay — Pin-Pay is an innovative mobile payment service offered at our Partner Banks which aims to bring our subscribers the most secure, reliable and intelligent payment experience.Using Pin-Pay, you can perform a number of different transactions directly from your mobile phone. Since all transactions are conducted live and under 20 seconds, you cansafely receive money straight to your account in no time.
  • OTO — OTO is SaaS company that helps retailers implement their Omni-Channel strategy by enabling them to ship their online orders directly from the physical stores with the best delivery partners in just 2 hours! Also, we provide Online Retailers and E-commerce companies access to ship packages with more than 80 delivery & carrier companies shipping domestically and internationally.
  • One Click Delivery Services — One Click Delivery Services redefines last mile delivery throughout the region. By providing seamless and personalized delivery from local businesses to the consumer’s doorstep, They are closing the last-mile gap between merchants and their customers. Their entire last mile and on-demand delivery is technology-enabled, with a robust deliverymanagement system featuring GPS locations tracking and automated customer notifications.
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Frees Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Publishing startups

By adopting revolutionary mechanisms, FREES FUND is devoted to change the long-established rules in the venture capital. By leveraging the cutting-edge technologies and resources, FREES FUND aims at investing in great startups and helping them grow into great enterprises that are valuable to our society. We mainly invest in early-stagestartups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

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Investment focus

  • Industry: Artificial Intelligence, Health Care, Biotechnology
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 211
  • Round size: Seed $1.4M–$14M; Angel $425k–$17M; Series A $1.4M–$35M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2015

Portfolio highlights

  • SoundAI — Sound Technology is a science and technology innovation company that specializes in acoustics frontier technology and artificial intelligence interaction. It is committed to lead the more interactive experience of artificial intelligence in the real environment and realize the human-computer interaction vision that "listen to you and know whatyou think".
  • Methuselah — Methuselah is a research and development manufacturer of medical nutritional food.
  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
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Guojin Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Publishing startups

Guojin Capital Group is a venture capital firm specializing in early to middle stage investments. The firm also makes late stage investments minorly. It seeks to invest mainly in the internet, pan-entertainment and education sectors. The firm also prefers to invest minorly in consumer upgrade and industry upgrade. It also invests in interneteducation, industry services, artificial intelligence and health care sectors.

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Investment focus

  • Industry: Media and Entertainment, Gaming, Education
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 46
  • Round size: Angel $425k–$2.8M; Series A $1.4M–$7.1M; Series B $2.8M–$14M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Hozon — Hozon integrates hardware products and software services through innovative technology research and development, intelligent manufacturing, and multi-channel sales services. Through the development of electric, intelligence, and connectivity, they are committed to creating cost-effective Intelligent electric vehicles of high quality, providingusers with a simple, intuitive, and comfortable travel experience.
  • Dshifu — Dshifu is a supplier of frozen beef and mutton ingredients.
  • Alebund Pharmaceuticals — Alebund Pharmaceuticals is a biopharmaceutical company dedicated to developing innovative therapies for the treatment of renal diseases and related chronic conditions.
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Geekhouse Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Publishing startups

Geekhouse Capital is an investment firm.

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Investment focus

  • Industry: Publishing, Gaming, Sports
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Series A $1.4M–$2.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Augusmith — Augusmith is a workshop that produces and retails handcrafted jewelry pieces.
  • Das Master — Das Master is an online and offline automotive service platform.
  • Yun Yue Wenxue — Yun Yue Wenxue is a novel creation platform.
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ChineseAll Digital Publishing
VC Fund · Beijing, Beijing, China · 2 investments in China Publishing startups

Chinese Online (中文在线) is a company focused on digital publishing. It provides digital reading products to mobile phones, hand-held terminals, and the internet as well as other media. Chinese Online takes copyright organizations and authors as the genuine digital content source, and collaborates with them to manage the content.It also offersvalue-added services of digital content such as copyright derivatives and more.As a leading enterprise of digital publishing domestically, Chinese Online has established a complete media publishing model of unique content, variety in media and synchronized publishing.

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Investment focus

  • Industry: Education, E-Learning, Mobile
  • Stage:Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 12
  • Round size: Angel $354k–$1.4M; Series A $1.4M–$2.8M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Jiuyuu.com — Jiuyuu.com is a cutting-edge pan-entertainment content company.
  • QingTing FM — QingTing FM is a network audio application. Since its release in September 2011, it has grown into one of the leading audio content aggregation platforms in China. QingTing FM adheres to the slogan of “More World, Listening” and uses innovative technology to create an influential and popular audio media brand. QingTing FM was founded in 2011.
  • Dashengxingkong — Dashengxingkong is a platform operator that specializes in the full online short drama industry chain. It core business encompasses filmmaking, design, production, agency, and advertising, striving to provide users with high-quality online short drama content.
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ZSVC
VC Fund · Beijing, Beijing, China · 2 investments in China Publishing startups, 19 in the past 12 months

ZSVC is a Chinese venture capital firm specialized in seed and early stage investments.

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Investment focus

  • Industry: Manufacturing, Medical, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 141
  • Round size: Seed $1.4M–$4M; Series A $1.4M–$16M; Series B $2.8M–$85M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Tpson — Tpson is a Smart Hardware company.
  • Ounuo Semiconductor — Ounuo Semiconductor is a manufacturing company that provides research and development of semiconductor equipment.
  • HUAXI Technology — HUAXI Technology is a global leader specializing in the development and delivery of comprehensive, high-end smart elderly care solutions. By integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, the company is dedicated to enhancing the quality of life for seniors worldwide.
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Chongqing Cultural Investment Group
VC Fund · Beibei, Chongqing, China · 1 investments in China Publishing startups

Chongqing Cultural Investment Group is an investment firm.

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Investment focus

  • Industry: News, Publishing, Information Services
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CQNEWS — CQNEWS is a local news portal website for Chongqing area.
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ZONGHENG
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

ZONGHENG is a company engaged in film & television, star, sports copyright operation, game development and distribution services.

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Investment focus

  • Industry: Gaming, Publishing, Console Games
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Gamepoch — Gamepoch offers publishing services for domestic and overseas console game studios.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Zhongguo Qiye Lianhe Hui
VC Fund · Haidian, Beijing, China · 1 investments in China Publishing startups

Zhongguo Qiye Lianhe Hui provide enterprises and companies with training opportunities,advisory and information serices.

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Investment focus

  • Industry: News, Publishing, Digital Media
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zhongguo Qiye Bao — Zhongguo Qiye Bao is a newspaper publishing company.
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Zhejiang Chuangxin Chanye Touzi
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Publishing startups

Zhejiang Chuangxin Chanye Touzi engaged in investment management and consulting.

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Investment focus

  • Industry: Gaming, Mobile, Retail
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ZOCAI — ZOCAI is an online marketplace for jewelry.
  • NGames — NGames is a mobile and web games publishing company.
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JISCO
VC Fund · 1 investments in China Publishing startups

JISCO is a manufacturer and distributor of steel products, marketing its products both domestic and international. The company was founded in 1958 and is based in Jiayuguan.

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Investment focus

  • Industry: News, Internet, Publishing
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Duzhe — Duzhe provides a reading platform and magazine.
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Zhongjiancai Touzi
VC Fund · 1 investments in China Publishing startups

Zhongjiancai Touzi engaged in asset management, investment management and consulting.

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Investment focus

  • Industry: News, Publishing, Digital Media
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zhongguo Qiye Bao — Zhongguo Qiye Bao is a newspaper publishing company.
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The Arena Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

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.

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Investment focus

  • Industry: Sports, Food and Beverage, Tea
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • 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.
  • 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.
  • Next World Culture — Next World Culture is a startup focusing on creating AI-generated virtual humans.
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Huobi Eco
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

Huobi Eco is an investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Finance
  • Stage:Seed, Series A
  • Geography: China, Singapore, Japan

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • MetaOne — MetaOne offers guild management solutions for GameFi developers.
  • Optix — Optix is ​​a multi-chain option protocol service provider.
  • BovineVerse — BovineVerse is a Korean Metaverse chain game and sports guessing platform developer.
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Gansu Guotou
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

Gansu Guotou engaged in investment management and investment consulting.

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Investment focus

  • Industry: News, Fruit, Sales
  • Stage:Angel, Series A, Post-IPO Equity
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • GWJ — Tianshui Great Wall Juice Group involves in the research and development, production and sales of apple juice products. Their products such as apple juice, portable apple juice concentrate, family-size apple juice concentrate, apple cider vinegar, apple drink, and pomace feed.
  • Duzhe — Duzhe provides a reading platform and magazine.
  • CHINA DRAGON SECURITIES — CHINA DRAGON SECURITIES provides brokerage, investment consulting, securities, and asset management services.
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October Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

October Capital is a fast-growing new private equity investment firm.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Electronics
  • Stage:Private Equity, Series B, Series A
  • Geography: China

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • Xianwei Gas — Xianwei Gas specializes in the research and development, manufacturing, storage, transportation, and analysis of high-purity electronic special gases, and is dedicated to pushing a solution to the national strategic gas shortage.
  • Huazhi Energy — Huazhi Energy is a new energy innovation company that specializes in the development and production of energy storage core equipment.
  • Jiahong New Materials — Jiahong New Materials provides R&D, production, design, installation and other services for products such as self-temperature control, constant power electric heating and military special optoelectronic cables.
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Wuhan Optics Valley Elite Investment Management
VC Fund · Wuhan, Hubei, China · 1 investments in China Publishing startups

Wuhan Optics Valley Elite Investment Management is a specialized fund management company that supports talent entrepreneurship innovation and start-up enterprises based on the “3551 Optical Valley Talent Program” of Donghu Independent Innovation Demonstration Zone. Established in August 2015, Hubei Science and Technology Investment Group Co., Ltd.,an investment and financing platform affiliated to Wuhan East Lake New Technology Development Zone, is jointly invested by Hubei Taizhen Investment Management Co., Ltd. under the Pacific Securities and Hubei Hanjiang Investment Management Co., Ltd. under Camel Group Co., Ltd. Companies and other social capital funds were established. At present, the company manages two funds with a total scale of 1.1 billion yuan.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 50
  • Lead/follow: no public data

Portfolio highlights

  • Jiahe — Jiahe Info provides objective and professional data information, and business consulting services.It is a high technology enterprise that is committed to the satellite remote sensing technique and application. Against the background of the rapid development of the aerospace industry, Jiahe builds an expert team relying on the State KeyLaboratory of Information Engineering in Surveying, Mapping and Remote Sensing of Wuhan University. Headed by Gong Jianya, the member of Chinese Academy of Sciences, the key technical personnel at Jiahe all hold Ph.D. or master’s degrees. So far, Jiahe has won several core patents.
  • Yesense — Yesense is a manufacturer of motion sensing, positioning, and navigation products and solutions. Yesense develops, manufactures, and sells inertial sensors and integrated navigation systems such as the inertial measurement unit (IMU), the attitude and heading reference system (AHRS), and the inertial/GNSS integrated navigation system. Yesensecreates long-term value for customers by developing competitive and dependable products and solutions in smart cars, industrial vehicles, unmanned robots, and consumer electronics in open collaboration with ecosystem partners.
  • JIMU Intelligent — JIMU Intelligent, founded in 2011, is a leading AI company that dedicated to vision-based intelligent driving technology. Based on its self-developed computer vision technology, JIMU is always in pursuit of the development and popularization of intelligent driving. At present, JIMU has established cooperations with many car manufacturers to bringabout future smart driving and transportation, and forged partnership with insurance, fleets, and intelligent transportation firms to release cost-efficient ADAS-based industry solutions.
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Greenwoods Asset Management
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Publishing startups

Greenwoods Asset Management is an investment management company specializing in managing funds investing into mainland China companies, including but not limited to A shares, B shares, H shares, Red Chips, and ADRs. Greenwoods funds include both international funds investing in Greater China equities for global investors and A-share trusts forqualified Chinese domestic investors.Investors of funds and accounts managed by Greenwoods include reputable institutional investors from around the globe, such as sovereign wealth funds, pensions, endowments, banks, insurers, investment banks, family offices, and high net worth individuals.

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Series A, Angel, Series C
  • Geography: China

Investor stats

  • Total investments: 21
  • Lead/follow: no public data

Portfolio highlights

  • Urban Revivo — Urban Revivo is a luxury clothing retail chain brand.
  • Chaodian Culture — Chaodian Culture is a brokerage firm that provides in cultural brand of the bilibili video screen network.
  • Aqara — Aqara is a leading smart home and IoT device manufacturer. Our products are best in class and are compatible with the major home automation platforms.
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Leading Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

Leading Capital is a private equity investment management company.

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Investment focus

  • Industry: Manufacturing, B2C, Mobile Apps
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • CoClean — CoClean is a developer of a portable air purifier intended.
  • HiStarlink — HiStarlink is a commercial company that makes communication technology like space-borne laser communication terminals and core devices. The main product matrix covers aerospace Advanced core optoelectronic devices, ultra-high-speed communication algorithms, laser communication terminals, and satellite-to-ground laser ground receiving systems.
  • Shanxi Guoke — Shanxi Guoke engages on the research and development of semiconductor materials.
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Ucap Cloud
VC Fund · Dongguang, Guangdong, China · 1 investments in China Publishing startups

Ucap Cloud is an IT company that has developed platforms such as digital intelligence government affairs, digital intelligence content, digital intelligence security, and digital intelligence justice.

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Investment focus

  • Industry: Publishing, Service Industry, Information Services
  • Stage:Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Xffuture — Xffuture is a company that provide one-stop industry AIGC technology services.Xffuture specializes in offering industry clients one-stop AIGC products and services, including industry-specific solutions, customized AI computing infrastructure, AI digital workforce, and AI industrial applications.
  • Xinhua Mobile — Xinhua Mobile provides command and dispatch, content creation, mobile publishing, new media management, and front-end application development, as well as integrated technological solution capabilities.
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CBC Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

CBC, founded by Dr. Edward Suning Tian in 2006, is a China-based private equity firm focusing on TMT investments. With its extensive industry expertise , CBC has been regarded as one of the most influential investors in the Internet and technology space in China, leading many exceptional investments in both the Enterprise and the Consumer Internetsectors. CBC leverages its operational background to create significant value for its portfolio companies. CBC currently manages multiple USD and RMB funds with a total AUM of over USD 2 billion and has built a strong portfolio consisting of leading industry companies such as 21Vianet, AsiaInfo, Longshine, Qiniu, Fraudmetrix, Dianping, Focus Media, Oriental Pearl, Babytree, Ximalaya, and Wacai.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: China, United States

Investor stats

  • Total investments: 110
  • Lead/follow: no public data

Portfolio highlights

  • G7 — G7 has an installation base of 800,000 cargo vehicles throughout China. Through its proprietary hardware devices, the company is able to compile data for logistics companies and drivers on location, route optimization, fuel consumption, and cargo status (temperature, humidity, etc).
  • Robotphoenix — An industrial robot manufacturer in China
  • Kuntian New Energy — Hebei Kuntian New Energy is a producer of anode materials for lithium-ion batteries.
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Foreign Language Teaching and Research Press
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

Foreign Language Teaching and Research Press is the leading comprehensive cultural and educational publishing organization in China.

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Investment focus

  • Industry: News, Internet, Publishing
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Duzhe — Duzhe provides a reading platform and magazine.
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Ourpalm
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

Beijing Zhangqu Technology Company of Limited Liability is engaged in the development, issue, and operation of moving target games.Founded in August 2004, the company is national high-tech and double soft certified company, with a registered capital of 164 million Yuan. Zhangqu Technology has its own game platform with self developedtechnologies for mobile game distribution channels. It partners with over 900 game promotion channels and over 100 local and international game developers, whose products have entered the Southeast Asian, American, and European markets. After several years of business development as a merger and restructurer, the company has developed into a domestic mobile game developer, publisher, and operator, which ranks third in the evaluation of Chinese mobile game businesses.

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Investment focus

  • Industry: Gaming, Information Technology, Digital Entertainment
  • Stage:Series A, Post-IPO Equity, Angel
  • Geography: China, Hong Kong

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Uminton — Uminton is a mobile game development company that specializes in developing sports games.
  • Gamepoch — Gamepoch offers publishing services for domestic and overseas console game studios.
  • SPARKLY KEY — SPARKLY KEY is an animation film and television production company.
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Funcity Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Publishing startups

Funcity Capital is an asset management company specializing in Internet finance, artificial intelligence, blockchain, and smart travel.

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Investment focus

  • Industry: Blockchain, Internet, Bitcoin
  • Stage:Series A, Angel, Seed
  • Geography: China, Malta

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • Biplusplus — Biplusplus is a Blockchain company.
  • Didi — Didi Chuxing is a mobile transportation platform that offers app-based transportation services.The company offers a mobile tech-based mobility option for users across, including taxi-hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As apractitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation.
  • More Sales — More Sales engages in supply chain management services focusing on FMCG.
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ChemChina
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

China National Chemical Corporation (ChemChina) is a large State-owned enterprise under the administration of SASAC and established in May 2004 with the approval of the State Council.ChemChina is in the list of Fortune 500 and China's largest chemical company and ranks 19th among the world's top 100 chemical corporations.Since itsestablishment in 2004, ChemChina has adhered to its development orientation – "traditional chemicals, advanced materials" and achieved an "extraordinary leaps and bounds". In 2013, its annual total assets reached 272.5 billion yuan, and its sales revenue reached 244billion yuan.The main business of ChemChina is made up of six sectors: new chemical materials; basic chemical materials; oil processing; agrochemicals; rubber products; chemical equipment.ChemChina has opened production and R&D bases in 140 countries and regions around the world with a sound marketing system. It controls 9 A-share listed companies and has a total of 118 enterprises, 6 overseas divisions, 4 subordinate units and 24 research and design institutes. It is a national innovative enterprise.ChemChina is implementing the 12th Five-year Plan and accelerating industrial restructuring. In the future, it will form a business layout of "3+1", namely: materials science, environmental science and life science plus basic chemical, and strive to become a world-class chemical company with international competitiveness.

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Investment focus

  • Industry: News, Internet, Publishing
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Duzhe — Duzhe provides a reading platform and magazine.
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PreIPO
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

PreIPO is a private equity fund that provides investors with access to pre-IPO companies.

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Investment focus

  • Industry: Manufacturing, Advertising, Marketing
  • Stage:Series A, Series B
  • Geography: China, Israel, United States

Investor stats

  • Total investments: 52
  • Lead/follow: no public data

Portfolio highlights

  • Vanced — Vanced is a nanodispersion manufacturing company that specializes in developing nano-color paste for 8K ultra-high-definition display photoresist and technical services for the domestic electronic semiconductor field.
  • Lingdong General — Lingdong General is a manufacturing company that provides research and development for industrial and service consumer robots.
  • Zhongnai New Materials — Zhongnai New Materials is a high-tech enterprise specializing in the research and development and production of ceramic fibers and related composite materials.
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8 Decimal Capital
VC Fund · San Francisco, California, United States · 1 investments in China Publishing startups

8 Decimal Capital is a multi-strategy investment firm focused on both token and equity investment. We currently have more than 30 portfolio companies, and an AUM of 60M USD. Our investment team consists of more than 10 venture capital veterans, researchers, and trading professionals. We thematically invest in core infrastructure layer projects thataddress security, scalability, and privacy, provide a full suite of post-investment value-add to our portfolio companies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Angel
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 46
  • Lead/follow: no public data

Portfolio highlights

  • Polkadot — Products for people.
  • Nirvana — Nirvana is an AI-native financial infrastructure shaping the future of Agentic DeFi. - Redefining DeFi with AI Agents – Nirvana builds AI frameworks for DEFAI agents to maximize capital efficiency - AI-Native On-Chain Protocols – Empowering DEFAI agents with AI-native protocols to autonomously launch innovative financial instruments and optimizestrategies
  • Parallel Finance — Parallel Finance is a decentralized finance (DeFi) protocol that offers lending and staking services.
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Zeus Interactive
VC Fund · Dalian Shi, Liaoning, China · 1 investments in China Publishing startups

Zeus Interactive is an entertainment company focused on mobile games.

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Investment focus

  • Industry: Gaming, Mobile, Children
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Y2Game — Y2Game is a mobile and indie game publisher that provides a package solution for Release No. app (SAPPRFT app), localization, multi-platform SDK, user management, and payment.
  • vipc.cn — vipc.cn is a one-stop internet football basketball and lottery service interactive platform.
  • bbpapp.com — bbpapp.com is an Internet education company that specializes in the R&D of maternal, infant and child education products.
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Angel Plus China
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

Angel Plus is a China-based venture capital firm.

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Investment focus

  • Industry: Information Technology, Health Care, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 72
  • Lead/follow: no public data

Portfolio highlights

  • Flexiv — Flexiv is a deep-tech company that is committed to developing and manufacturing general-purpose adaptive robots that redefine intelligent automation. Combining advanced robotics and artificial intelligence with human-centered design, Flexiv's robots empower businesses to flexibly automate complex tasks with intuitive and easy-to-use interfaces.
  • DexForce — DexForce offers an AI-enabled robot with integrated 3D vision cameras, and software and hardware solutions for manufacturing robots.
  • TARS — Zhihang Zhong is a prominent researcher in the field of artificial intelligence, particularly known for his work on integrating spatial perception and reasoning into AI systems.
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Youzu Interactive
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

YOOZOO GAMES Co., Ltd. (SZ.002174) is a world-leading provider of interactive entertainment. YOOZOO Games implements the strategies of big data, globalization, and quality products to achieve integrated development across four major arenas: globalized game R&D and publishing, IP management, big data and intelligent technology, andpan-entertainment industry investment

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Investment focus

  • Industry: Mobile, Gaming, Software
  • Stage:Angel, Series B, Series C
  • Geography: China, Israel

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • idatag — idatag offers big data-oriented enterprise precision marketing solutions.
  • Sunrise — Sunrise is a high-performance GPU developer specializing in GPU research and development.
  • Monte Carlo — Monte Carlo is an AI-based blockchain technology company that provides users with high-simulation agents and intelligent credit data products.
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Huayi Brothers Media Group
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

Huayi Bros. Media Group is a Chinese comprehensive entertainment group.The company entered the film industry by investing in Feng Xiaogang and Jiang Wen's films, and gained a reputation by investing in the New Year blockbuster directed by Feng Xiaogang. After that it entirely focused on the media industry, investing and operating in moviesand TV drama programs, artist management, records releasing, entertainment marketing, etc.Huayi Bros. Media Group achieved good results in its focused fields and founded Huayi Brothers Media Corporation in 2005. On October 30, 2009, it was formally listed in the GEM of Shenzhen.Huayi Bros. Media Group was founded by Wang Zhongjun and Wang Zhonglei in 1994.

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Investment focus

  • Industry: Video, Film, Gaming
  • Stage:Series A, Series D
  • Geography: China, United States

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Lytro — The Raytrix Light Field Technology provides 3D capture and high resolution with different one shot cameras. 3D camera | Light field camera
  • 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.
  • Hangzhou Yiming — Hangzhou Yiming is a leading smart retail solution provider, dedicated to the research, development, and implementation of advanced software systems designed to optimize retail operations.
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Genertec Investment Management
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

Genertec Investment Management is specialized in securities investment, private equity investment, asset management, and equity management.

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Investment focus

  • Industry: News, Internet, Publishing
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Duzhe — Duzhe provides a reading platform and magazine.
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APGTIME
VC Fund · Hefei, Anhui, China · 1 investments in China Publishing startups

APGTIME engaged in books, periodicals, print reproduction, media technology research and development, equity investment and other services.

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Investment focus

  • Industry: News, Internet, Publishing
  • Stage:Series A, Post-IPO Equity
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Duzhe — Duzhe provides a reading platform and magazine.
  • ANTAITECH — ANTAITECH is the China-based smart city integrated service provider.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

  • Industry: Manufacturing, Software, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 445
  • Round size: Series A $1.4M–$43M; Series B $8.2M–$50M; Series C $20M–$100M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • CertiK — CertiK, the largest Web3 security service provider, uses AI and formal verification to protect and monitor smart contracts and protocols, securing the Web3 ecosystem.
  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Darma — DARMA - Digital Healt
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Shengshi Hongyuan
VC Fund · Yinzhou, Zhejiang, China · 1 investments in China Publishing startups

Shengshi Hongyuan is an investment management and consulting services firm.

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Investment focus

  • Industry: Art, Video, Consumer
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 3
  • Round size: Angel $425k–$4.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yiwai — Yiwai publishes articles and videos introducing art to the public.
  • Yodoing — Yodoing is the operator of a website that sells goods made by various designers. They offer a variety of services on their platform, such as custom orders, auctions, secondhand swaps, VIP services, 3D shops, etc. The company offers consumers a cloud-based platform for supply chain management, connecting them to a small group of independent luxurygoods dealers and international brands.
  • Tianyuanxing — Tianyuanxing is a general industrial embodied intelligent platform developer whose primary focus is on the research and development of the "TX01" wheeled chassis humanoid dual-arm robot.
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Ruisi Guquan Touzi
VC Fund · Ningbo, Zhejiang, China · 1 investments in China Publishing startups

Ruisi Guquan Touzi is an investment firm.

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Investment focus

  • Industry: Tutoring, Education, Lifestyle
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GOLDEN CULTURE — GOLDEN CULTURE provides healthy lifestyle book publishing services.
  • Tang Chinese Education — Tang Chinese Education provides Chinese education, vocational education, continuing education, and lifelong education services.
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Longhuahui Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

Longhuahui Capital is a private equity firm focusing on technology-based, growth-oriented companies.

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Investment focus

  • Industry: Books, Publishing, Content Creators
  • Stage:Private Equity
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Ronshin — Ronshin engages in planning and distribution of children's books and export of children's cultural products.
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Panxi Capital Management
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

Panxi Capital Management is an investment Firm.

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Investment focus

  • Industry: Books, Publishing, Content Creators
  • Stage:Private Equity
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Ronshin — Ronshin engages in planning and distribution of children's books and export of children's cultural products.
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Gepic Energy Development
VC Fund · Lanzhou, Gansu, China · 1 investments in China Publishing startups

GEPIC Energy Development engaged in the electricity production and sales business.

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Investment focus

  • Industry: News, Internet, Publishing
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Duzhe — Duzhe provides a reading platform and magazine.
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China Equity
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

ChinaEquity is China's private merchant bank engaging in VC, PE, Direct investments as well as investment management. It provides one-stop cross-border VC PE and direct investments to high-tech enterprises throughout the Greater-China Region.The company uniquely positions itself to the booming Chinese technology, media, telecommunications,biotechnology and environmental technology, sports, medicine and the natural resource industries, and aims to equilibrate the demand and the supply in the capital market and provide total solutions to all parties on the capital flow chain.Clear development strategy and innovative business model has helped ChinaEquity to achieve outstanding performances. Its resources and networks extend all over the Silicon Valley, Wall Street, Europe and Greater China. International strategic alliance and partnerships allow the company to be able to cover all stages of investment and financing. Since inception, ChinaEquity has achieved a promising portfolio of investments and has established a high-quality customer base.ChinaEquity fully understands the political, economic and cultural environment in Greater-China, is well experienced in international capital market operations, and familiar with development trend. The company maintains long-term and favorable communications with Chinese governmental bodies, international financial institutions and high-tech enterprises.ChinaEquity was founded in 1999 by Mr. Chao Y. Wang, formerly the Vice President and Beijing Chief Representative of Morgan Stanley Dean Witter. The senior partners and executives joined ChinaEquity from international and domestic renowned financial institutions and high-tech enterprises.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 82
  • Round size: Series A $1.4M–$43M; Series B $2.8M–$156M; Series C $14M–$117M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • iSMARTWAYS — iSMARTWAYS provides core equipment and solutions for V2X connected vehicles and intelligent transportation.
  • Cadena — Looking to expand to the Gulf countries (Saudi Arabia, UAE etc.)? Cadena has a Local Sales Team in every GCC country and proprietary technology: Discovery Portal, BuyBeacon & IntelliContact for Low-Cost growth across the region.
  • iSmartWays — iSmartWays Technology is a technology company, engages in connected vehicle (V2X) and transportation technology. iSmartWays Technology specializes in research, development and manufacturing of connected vehicle hardware and software solutions.
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ZhenFund
VC Fund · Beijing, Beijing, China · 1 investments in China Publishing startups

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. Webelieve that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 373
  • Round size: Seed $650k–$20M; Angel $425k–$21M; Series A $1.4M–$28M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • ImageDT — ImageDT is a Enterprise services company.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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Kaitai Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Publishing startups

KAITAI CAPITAL, founded in 2009, is a professional investment management organization that mainly engaged in innovative investment, industrial investment, and wealth management business. Fields of investment include biopharma, healthcare services, agriculture tech, consumer business, digital technology and etc.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 131
  • Round size: Seed $2.4M–$20M; Series A $1.4M–$35M; Series B $4.3M–$57M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Aoquan
  • Nafi Pharmaceuticals — Nafi Pharmaceuticals develops novel medications for central nervous system illnesses.
  • Astrocyte Pharmaceuticals — Astrocyte Pharmaceuticals Inc. is a privately held drug development company dedicated to accelerating the recovery and well-being of brain injury patients. The company is committed to proving the neuroprotective benefits of selective astrocyte activation, and advancing breakthrough therapeutic agents for treating brain injury resulting from stroke,TBI, concussion, and neurodegenerative disorders such as Alzheimer’s disease.
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LongLing Capital
VC Fund · Xiamen, Fujian, China · 1 investments in China Publishing startups

Longling Investment Is An Equity Investment Institution Founded By The Famous Angel Investor Cai Wensheng. It Aims To Help More Innovation And Entrepreneurship And Provide Strong Support For Technological Innovation Entrepreneurs. Longling Investment Mainly Focuses On The Investment Direction Of The Internet And TMT Fields. The MainInvestment Stages Are: Seed Round, Angel Round And A Round. The B Round Will Selectively Follow The Investment, And At The Same Time, It Has A Clear Exit Plan. Pre-IPO Or Later Mature Projects.

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Investment focus

  • Industry: Software, E-Commerce, Blockchain
  • Stage:Angel, Seed, Series A
  • Geography: China, Singapore, Hong Kong

Investor stats

  • Total investments: 58
  • Round size: Seed $850k–$8.5M; Angel $425k–$1.4M; Series A $1.4M–$10M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Zhihuige — Zhihuige is as an AI customer service developer specializing in the e-commerce sector. The company focuses on providing AI-powered customer service solutions for e-commerce platforms, leveraging advanced artificial intelligence large model technology and proprietary natural language processing (NLP) algorithms.
  • Dora Factory — Join the world consciousness to express your true opinion through private and secure votes. Create MACI and aMACI rounds for your organization.
  • Pando Finance — Pando Finance is a licensed institution that provides investment solutions to corporate and individual investors. I t provides asset management, trading and advisory.
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twofour54
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in China Publishing startups

twofour54 is a business incubator that offers production facilities, training, and support services to the media industry. It works with businesses in television, radio, film, publishing, online, mobile, music, gaming and animation to create local content and grow the Arab media industry. It is a tax-free media and entertainment free zone thatfacilitates the development of Arabic media and entertainment content in the region. The company offers its users with business setup, government and travel, film and television, professional training, creative lab, investment, and media zone authority services.twofour54 is a U.A.E.-based company.

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Investment focus

  • Industry: Publishing, Gaming, Mobile
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United Arab Emirates, China, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sakkini — Sakkini is a relocation portal that empowers users with information and tools to make smarter decisions about relocating and settling into a new country.
  • Unnyhog — At Unnyhog, they are gamers and they used to play a lot. They have been always noticing a lot of minuses in games, especially on mobiles. That’s why they decided to develop their own games. So far they have developed 3 games, and their games were downloaded more than 4 million times.
  • The Luxury Closet — Buy & sell online at The Luxury Closet and get discounts of up to 90% off retail price on authentic, new & pre-loved luxury brands for watches, bags, clothes, shoes for both men and women.
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Vickers Venture Partners
VC Fund · Singapore, Central Region, Singapore · 1 investments in China Publishing startups

Funding a Better World: We invest in deep tech sectors globally to help solve real world problems.

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Investment focus

  • Industry: Health Care, Biotechnology, Mobile
  • Stage:Series A, Series B, Seed
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 61
  • Round size: Seed $1M–$4M; Series A $3M–$38M; Series B $6.5M–$133M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — raised $256M in 2019

Portfolio highlights

  • HyperAccel — HyperAccel provides hardware solutions for developing AI applications.
  • Mithradote Bio — Mithradote Bio is a biotechnology company developing a novel medication to help prevent drug-facilitated sexual assault
  • Aardvark Therapeutics — Aardvark Therapeutics specializes in small molecule therapeutics for obesity and rare genetic metabolic disorders. Aardvark Therapeutics was founded by Tien Lee in 2017.
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Everbright Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Publishing startups

Everbright Capital is a direct investment company that engages in equity investment. Its business scope includes investment management, asset management, equity investment, and investment consulting. Everbright Capital focuses on TMT, sports, education, environmental protection, logistics, intelligent manufacturing, medical care, culture, andentertainment.The company was founded in November 2008 and was approved by the Securities Regulatory Commission.

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Investment focus

  • Industry: Manufacturing, Finance, Hardware
  • Stage:Series A, Series B, Post-IPO Equity
  • Geography: China

Investor stats

  • Total investments: 17
  • Round size: Series A $1.4M–$31M; Post-IPO Equity $6.4M–$184M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Obsbot — A Smart Hardware Company based in Shenzhen,China.
  • ORCA-TECH — ORCA-TECH is a manufacturer of self-driving boat.
  • Advanced Solar Power — Advanced Solar Power develops advanced cadmium telluride (CdTe) based thin-film technology for solar PV applications. The industrialization of technology, focusing on the research and development and production of cadmium telluride thin-film photovoltaic technology, successfully breaking the foreign technology monopoly, and taking the lead inrealizing the industrialization of completely independent research and development of cadmium telluride thin-film solar technology in China, and the battery efficiency has reached the excellent level at home and abroad, and undertakes and Completed a subject of the "863 Program", and is the industry leader in the application of building photovoltaic integration.The company was founded in 2008 and is headquartered in Hangzhou City, Zhejiang Province, China.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

Meridian Capital Asia was founded in Singapore in 2008 and has launched nine funds with a total of over 1.5 billion US dollars raised since. It has invested in more than 280 startups, with many notable exits, and has focused on areas such as deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise, advanced manufacturing, renewableenergy, new material, semiconductors, agri-tech, education, internet, and new media, etc. All its partners are from either Singapore, Australia, the US or UK, with extensive experience and knowhow in all technology sectors. Meridian has offices in Singapore, Silicon Valley, Shanghai and Beijing and its investments cover geographies such as SEA, China, US, Mid-east, Japan, and Europe.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Series A, Angel, Series B
  • Geography: China, Latvia, Hong Kong

Investor stats

  • Total investments: 140
  • Round size: Angel $425k–$14M; Series A $425k–$16M; Series B $1.7M–$28M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Keyou Network — Data processing service provider
  • Xiaoneng Technology — Xiaoneng Technology is a company that provides online customer service solutions for e-commerce websites. Committed to providing real-time shopping guide and online customer management system LiveCRM for all online transactions and online display products and services, affiliated to Beijing Nengtong Tianxia Network Technology Co., Ltd.
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Five Bulls Fund
VC Fund · Shanghai, Shanghai, China · 1 investments in China Publishing startups

Shanghai five Bull Equity Fund Management Ltd, started in 2004, is a leading provider of comprehensive investment management and financial advisory services. The registered capital of 800 million Yuan, headquartered in China's financial center of Shanghai Lujiazui central financial district, in New York, London and Hong Kong as aninternational financial centre Office for domestic financial services for international high net worth clients. By December 2015, five cattle Fund's assets under management have more than 16 billion.

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Investment focus

  • Industry: Manufacturing, Film, Medical
  • Stage:Series C, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • DJEL — DJEL is a semiconductor equipment and software company specializing in integrated circuit yield management. DJEL manufactures advanced semiconductors with real-time optimized systems and technical solutions for chip design, manufacturing, and testing.
  • Linmon Pictures — Linmon Pictures is a boutique entertainment studio. Linmon Pictures is an independent creator, producer, and distributor of entertainment content.
  • Dongfang Jingyuan Electron — Dongfang Jingyuan Electron Ltd is a semiconductor equipment and software company that focuses on integrated circuit production management.
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Publishing VC funding in China at a glance

Stats across 74 deals from 148 investors.

148
investors
in China Publishing startups
74
deals
in China Publishing startups
$2.8M
median round
in China Publishing startups
17%
lead investors
lead at least one round
26%
Angel
most common funding stage

Access all 148 VC funds in China Publishing startups.

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