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Top 20 Retail Angel Investors in China (September 2026)

The most active angel investors investing in China Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Retail startup companies. Find investors to raise a Seed, Series A or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Zhengyao Lu
Angel
2 China Series A, Seed Coffee, Retail, Automotive $200M–$324M
Charles Xue
Angel
2 China Angel, Series A, Seed Internet, E-Commerce, Retail $134k–$11M
Li Kanglin
Angel
2 China Seed, Angel, Series A Retail, Social, Catering
Zhishuo Liu
Angel
1 China Seed Retail, Eyewear, Manufacturing
Mr. Wang Mengxiang
Angel
1 China Seed Retail, Wholesale, Packaging Services
Mr. Wang Yahua
Angel
1 China Seed Retail, Wholesale, Packaging Services
Gan Jie
Angel
1 China Seed, Series A, Angel Retail, Big Data, Robotics $13M–$14M
Mr. Zhou Yinghui
Angel
1 China Seed Retail, Wholesale, Packaging Services
Frank Li
Angel
1 China Angel, Series A, Seed B2B, Retail, Internet $425k–$10M
Cen Wang
Angel
1 China, United States Angel Retail, Health Care, Apparel $426k–$1.4M
Fangyi Chen
Angel
1 China Seed, Angel Retail, Internet, Automotive
Boquan He
Angel
1 China, United States Series A, Angel, Series D Tea, Bakery, Retail $1.5M–$15M
Bingqiang Gao
Angel
1 China, Hong Kong, United States Seed, Series A, Angel Robotics, Electronics, Manufacturing $1.3M–$43M
Gang Wang
Angel
1 China, United States Series A, Angel, Seed E-Commerce, Internet, Transportation $425k–$15M
Mr. Wang Zhi
Angel
1 China Seed Retail, Wholesale, Packaging Services
Zhiyi Zhang
Angel
1 China Series A, Series B Retail, Fashion, Internet
Mr. Ma Fulin
Angel
1 China Seed Retail, Wholesale, Packaging Services
Jiahu Li
Angel
1 China Seed B2B, Retail, Information Technology
Zeqiang Zhao
Angel
1 United States, China Seed, Pre-Seed Gaming, Retail, Wellness
Huang Hualong
Angel
1 China Angel Pet, Retail, E-Commerce
Access all 29 angel investors in China Retail startups.

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Investor list

Zhengyao Lu
Angel · Beijing, Beijing, China · 2 investments in China Retail startups

Zhengyao Lu is the president and CEO of China Auto Rental Holdings Limited, a Chinese car rental business that offers sedans, sports utility vehicles, and multi-purpose vehicles for short- and long- term rentals, and leasing. Zhengyao founded the company in 2007, before which he founded a joint LuZhengyao Automobile Club in 2005. Lu holds abachelor’s degree in engineering from University of Science and Technology, Beijing, and an EMBA from Peking University.

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Investment focus

  • Industry: Coffee, Retail, Automotive
  • Stage:Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 3
  • Round size: Series A $200M–$324M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Luckin Coffee — Luckin coffee, a representative of China's new retail coffee, is committed to becoming a leading high-quality coffee brand and professional coffee service provider in the country.Luckin coffee, with preferred raw materials, exquisite coffee technology, innovative business models and leading mobile internet technologies, is striving to bringa higher quality coffee consumer experience to consumers and promote the popularization and development of coffee culture in China.
  • Xpeng Motors — Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures intelligent mobility solutions.
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Charles Xue
Angel · Beijing, Beijing, China · 2 investments in China Retail startups

Charles Xue, also known as Xue Manzi, is a Chinese-American angel investor and entrepreneur. He is co-founder of UT Starcom and has invested in Chinese internet startups.

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Investment focus

  • Industry: Internet, E-Commerce, Retail
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 16
  • Round size: Angel $134k–$871k; Series A $450k–$11M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • DeLink (DELC) — DeLink is a company providing currency exchange service.
  • Huaqin Zhilian — Huaqin Zhilian is a manufacturer of smart robot convenience devices in the field of smart retail.
  • YEUNGS SAGE E-COMMERCE — YEUNGS SAGE E-COMMERCE is a women's e-commerce platform operating agency that provides fashion e-commerce shopping platform for young women.
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Li Kanglin
Angel · 2 investments in China Retail startups

Li Kanglin

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Investment focus

  • Industry: Retail, Social, Catering
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Deyanshe — Deyanshe provides a social platform for its members.
  • SoupMaster — SoupMaster is a Chinese restaurant chain and retail brand. It provides various nutritious soups for pregnant women, patients with a demand for health recuperation, and other people pursuing high-quality life.
  • Lancet Barbecue — The Lancet Grill is a barbecue catering brand. It has two catering series of lancet barbecue and lancet healthy meal. It mainly specializes in Xuzhou barbecue dishes such as kebabs, pig's trotters, chicken wings, scallops, and tin foil mushroom.
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Zhishuo Liu
Angel · 1 investments in China Retail startups

Zhishuo Liu

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Investment focus

  • Industry: Retail, Eyewear, Manufacturing
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Jingzhicai — Jingzhicai provides eyewear cleaning products. Their products avoid friction and prolong the service life of the lens. Their products offer lens coating maintenance, anti-fog, anti-static, and no water marks.
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Mr. Wang Mengxiang
Angel · 1 investments in China Retail startups

Mr. Wang Mengxiang is an individual investor.

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Investment focus

  • Industry: Retail, Wholesale, Packaging Services
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Fengguang Tongchuang — Fengguang Tongchuang is a new material developer specializing in chemical product sales, non-ferrous metal alloy sales, building materials sales, packaging materials, and hardware product wholesale and retail.
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Mr. Wang Yahua
Angel · 1 investments in China Retail startups

Mr. Wang Yahua is an individual investor.

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Investment focus

  • Industry: Retail, Wholesale, Packaging Services
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Fengguang Tongchuang — Fengguang Tongchuang is a new material developer specializing in chemical product sales, non-ferrous metal alloy sales, building materials sales, packaging materials, and hardware product wholesale and retail.
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Gan Jie
Angel · 1 investments in China Retail startups

Gan Jie, is the vice dean of the Cheung Kong Graduate School of Business, professor of finance, and director of the Center for Finance and Economic Development.

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Investment focus

  • Industry: Retail, Big Data, Robotics
  • Stage:Seed, Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Series A $13M–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Z·Pilot — ZPilot is a stylish electronic new retail brand that combines contemporary toys and digital art to present viewers with a deeper visual.
  • BOTINKIT — Taking the most advanced robotics technology and data-based algorithms, we are enabling possible an easier, smarter and healthier cooking.
  • Ai Sensing Technology — Ai Sensing Technology is a national high-tech enterprise that focus on the research, development and production of bionic olfactory chips.
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Mr. Zhou Yinghui
Angel · 1 investments in China Retail startups

Mr. Zhou Yinghui is an individual investor.

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Investment focus

  • Industry: Retail, Wholesale, Packaging Services
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Fengguang Tongchuang — Fengguang Tongchuang is a new material developer specializing in chemical product sales, non-ferrous metal alloy sales, building materials sales, packaging materials, and hardware product wholesale and retail.
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Frank Li
Angel · 1 investments in China Retail startups

Frank Li is a former at Ameba Capital. CEO of WaCai. Prior to founding Ameba Capital, Mr. Li worked for Alibaba Group, where he focused on website planning and construction. He developed Alibaba’s biggest paying client base and second biggest income product, 1688 CXT. Mr. Li founded Koubei.com in 2004 and acted as CEO. Alibaba Group acquiredKoubei.com for over 50 million US dollars in 2008. Koubei.com merged with Yahoo China before finally merging with Taobao.

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Investment focus

  • Industry: B2B, Retail, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 5
  • Round size: Angel $425k–$3M; Series A $4.3M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ROM — ROM provides fire safety, health security, management security, and personal safety services.
  • Dianjia — Dianjia is an IT company specialized in developing retail service platform to provide O2O solutions.
  • Chengniu Qiche Guanjia — Chengniu Qiche Guanjia is an online platform to book automobile repair services.
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Cen Wang
Angel · Beijing, Beijing, China · 1 investments in China Retail startups

Cen Wang - Partner @ HSG

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Investment focus

  • Industry: Retail, Health Care, Apparel
  • Stage:Angel
  • Geography: China, United States

Investor stats

  • Total investments: 4
  • Round size: Angel $426k–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Milly — Shop new arrivals at MILLY and discover cocktail dresses, day dresses, separates, swim and more from our newest collection. Enjoy free shipping on US orders $150+.
  • MILLY — MILLY is a high-end health and anti-aging brand focusing on nourishing health and beauty.
  • Wuye Banmian — Wuye Banmian produces retail products such as instant noodles, hot and sour powder, and cold noodles.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Fangyi Chen
Angel · 1 investments in China Retail startups

Fangyi Chen (陈方毅) is the founder of Fanhuan.com, a shopping platform for major e-shops. He is also the chief executive officer of Lingganfangzhou and Upin.  Chen set up the Inspirational Ark Information Technology Ltd in Xiamen. Besides, he has founded websites such as See You Menstruation Helper, ruguoyun.com, and upin.com.

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Investment focus

  • Industry: Retail, Internet, Automotive
  • Stage:Seed, Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Caryu — Caryu is an intelligent service platform for the automotive industry through mobile Internet and cloud technology.
  • huim.com — Huim offers clothing, beauty care, digital home appliances, food, drink, electronic products, computers, mobile digital, books, and more products
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Boquan He
Angel · 1 investments in China Retail startups

Boquan He

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Investment focus

  • Industry: Tea, Bakery, Retail
  • Stage:Series A, Angel, Series D
  • Geography: China, United States

Investor stats

  • Total investments: 4
  • Round size: Series A $1.5M–$15M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • HeyTea — HeyTea is a Chinese tea shop that specializes in cheese-topped tea and fruit tea. In 2012, HEYTEA originated from an alley in the riverside. Originally known as ROYALTEA , the royal tea was completely upgraded to the registered brand HEYTEA.
  • MarketX Ventures — MarketX is a one-stop shop for over 300 family offices, funds, and high net worth individuals to access high growth investment opportunities. Investment Management Platform Access to investment opportunities in high-growth companies all over the world from your smartphone.
  • Zetian Benjia — Zetian Benjia operates as a bakery snack brand.
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Bingqiang Gao
Angel · 1 investments in China Retail startups, 11 in the past 12 months

Bingqiang Gao is the Independent Non-Executive Director of Q Tech.

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Investment focus

  • Industry: Robotics, Electronics, Manufacturing
  • Stage:Seed, Series A, Angel
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 30
  • Round size: Seed $1.3M–$43M; Angel $1.5M–$2.8M; Series A $10M–$28M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Urtopia — Urtopia is a New Urban Utopia, where passionate people get inspired by innovation and design, and pursue an active lifestyle with high-tech products.
  • Blue Emergence — Blue Emergence is a marine technology consumer products company,
  • Xunlu Innovation — Xunlu Innovation is a cutting-edge bicycle manufacturer based in Shenzhen, China, specializing in intelligent electric cargo bikes designed to meet modern urban mobility needs.
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Gang Wang
Angel · Hangzhou, Zhejiang, China · 1 investments in China Retail startups

Gang Wang

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Investment focus

  • Industry: E-Commerce, Internet, Transportation
  • Stage:Series A, Angel, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $600k–$12M; Angel $425k–$3M; Series A $1.5M–$15M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Yuezw.com — Yuezw.com is an online home decoration and furnishing start-up.
  • Qianyu Islands — Qianyu Islands is the flagship brand of Beijing Beike Youjia Technology Co., Ltd., which is positioned in the “Urban Shared Accommodation Space”. It is committed to providing users with different traditional hotels and B&Bs, younger, more free, more possibilities and higher value for money accommodation options.Since its inception in 2017,Qianyu Islands is based on a sense of quality, experience and freshness for a new generation of consumer groups. It is transforming the traditional accommodation industry with a more Internet-based way to fill the market for urban mid-end accommodation.
  • Huidu Environmental — Huidu Environmental is a recyclable packing material developer.
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Mr. Wang Zhi
Angel · 1 investments in China Retail startups

Mr. Wang Zhi is an individual investor.

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Investment focus

  • Industry: Retail, Wholesale, Packaging Services
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Fengguang Tongchuang — Fengguang Tongchuang is a new material developer specializing in chemical product sales, non-ferrous metal alloy sales, building materials sales, packaging materials, and hardware product wholesale and retail.
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Zhiyi Zhang
Angel · 1 investments in China Retail startups

Zhang Ziyi is a Chinese actress and model. Her first major role was in The Road Home. She later gained international recognition for her role in Ang Lee's Crouching Tiger, Hidden Dragon, which was nominated for 10 Academy Awards.

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Investment focus

  • Industry: Retail, Fashion, Internet
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Keaixue — Keaixue provides school counseling, life care, habit cultivation, training and cultural counseling for children from 3 to 12 years old.
  • Starluxe — Starluxe is a luxury service platform that provides customers with luxury products and accessories.
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Mr. Ma Fulin
Angel · 1 investments in China Retail startups

Mr. Ma Fulin is an individual investor.

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Investment focus

  • Industry: Retail, Wholesale, Packaging Services
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Fengguang Tongchuang — Fengguang Tongchuang is a new material developer specializing in chemical product sales, non-ferrous metal alloy sales, building materials sales, packaging materials, and hardware product wholesale and retail.
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Jiahu Li
Angel · Hangzhou, Zhejiang, China · 1 investments in China Retail startups

Jiahu Li - CEO @ Tunlan Investment

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Investment focus

  • Industry: B2B, Retail, Information Technology
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Dianjia — Dianjia is an IT company specialized in developing retail service platform to provide O2O solutions.
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Zeqiang Zhao
Angel · 1 investments in China Retail startups

CEO @ Z3 Enterprise US Regional Director @ SENO USA

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Investment focus

  • Industry: Gaming, Retail, Wellness
  • Stage:Seed, Pre-Seed
  • Geography: United States, China

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • SENO USA — Brand owner, manufacturer, and supplier of innovative non-tobacco nicotine products.
  • Databricks — Databricks offers a unified platform for data, analytics and AI. Build better AI with a data-centric approach. Simplify ETL, data warehousing, governance and AI on the Data + AI Platform.
  • LeyLine — Own LeyLinePro.com today. Secure checkout and guided transfer support. No hidden fees.
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Huang Hualong
Angel · 1 investments in China Retail startups

Huang Hualong is the founder and chairman of Navik.

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Investment focus

  • Industry: Pet, Retail, E-Commerce
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Pet Fresh — Pet Fresh is a pet retail company that provides quality pet products and professional services to pet owners.
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Retail Angel investor funding in China at a glance

Stats across 25 deals from 29 investors.

29
investors
in China Retail startups
25
deals
in China Retail startups
$2.9M
median round
in China Retail startups
24%
lead investors
lead at least one round
32%
Series A
most common funding stage

Access all 29 angel investors in China Retail startups.

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