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Top 50 Retail Startup Investors in China (June 2026)

The most active venture capital funds and 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 Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
IDG Capital
VC Fund
9 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $3M–$190M
Vision Plus Capital
VC Fund
9 China, United States, Canada Series A, Series B, Series C E-Commerce, Health Care, Artificial Intelligence $6.3M–$130M
HSG
VC Fund
7 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Software $4.4M–$214M
Capital Today
VC Fund
7 China, United States Series A, Series B, Series C E-Commerce, Food and Beverage, Retail $1.4M–$818M
Plum Ventures
VC Fund
6 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $425k–$16M
ZhenFund
VC Fund
6 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $413k–$28M
Meridian Capital Asia
VC Fund
5 China, Latvia, Hong Kong Series A, Series B, Angel Internet, Software, E-Commerce $425k–$28M
Ventech China
VC Fund
4 China, Singapore, United States Series A, Series B, Seed E-Commerce, Mobile, Retail $2M–$103M
GSR Ventures
VC Fund
4 China, United States, Singapore Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $2M–$74M
Shunwei Capital
VC Fund
4 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.4M–$130M
Frees Fund
VC Fund
4 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $425k–$35M
Alibaba Group
VC Fund
4 China, United States, India Series A, Series B Software, E-Commerce, Artificial Intelligence $3M–$709M
Luminous Ventures (former Lightspeed China Partners)
VC Fund
4 China, United States, Singapore Series A, Series B, Seed Manufacturing, Internet, Software $1.2M–$110M
Green Pine Capital Partners
VC Fund
4 China, United States, Canada Series A, Series B, Angel Biotechnology, Software, Manufacturing $425k–$150M
Hejun Capital
VC Fund
4 China Angel, Series A, Series B Food and Beverage, Information Technology, E-Commerce $283k–$69M
Share Capital
VC Fund
4 China, United States, Colombia Series A, Series B, Seed Health Care, Medical, Biotechnology $142k–$57M
K2VC
VC Fund
4 China, United States, Japan Series A, Seed, Angel E-Commerce, Manufacturing, Biotechnology $425k–$24M
01VC
VC Fund
4 China, Hong Kong, United States Series A, Seed, Angel E-Commerce, Information Technology, Logistics $120k–$14M
Hillhouse Investment
VC Fund
4 China, United States, Singapore Series B, Series A, Series C Biotechnology, Health Care, Software $2.9M–$230M
BA Capital
VC Fund
3 China, Spain Series B, Series A, Seed Food and Beverage, Retail, E-Commerce $8.7M–$113M
Xiaomi
VC Fund
3 China, India, United Kingdom Series A, Series B, Series C Manufacturing, Software, Hardware $1.4M–$400M
N5Capital
VC Fund
3 China, United States, India Series A, Seed, Series B E-Commerce, Internet, Gaming $142k–$30M
QF Capital
VC Fund
3 China, Hong Kong, United States Series A, Angel, Seed Artificial Intelligence, E-Commerce, Software $425k–$16M
Magic Capital
VC Fund
3 China, United States, Hong Kong Series A, Seed, Angel Education, Internet, Artificial Intelligence $142k–$14M
Baidu Ventures
VC Fund
3 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Health Care, Biotechnology $1.4M–$145M
Tsing Ventures
VC Fund
3 China Series A, Seed, Angel Artificial Intelligence, Robotics, Manufacturing $425k–$15M
Ping An Ventures
VC Fund
3 China, United States, Israel Series A, Series B, Angel Health Care, Biotechnology, Medical $425k–$100M
Crystal Stream Capital
VC Fund
3 China, Hong Kong, United States Series A, Series B, Seed E-Commerce, Manufacturing, Fashion $1.4M–$300M
Huaying Capital
VC Fund
3 China, Japan, Hong Kong Series A, Series B, Seed Information Technology, Software, Manufacturing $241k–$142M
Joy Capital
VC Fund
3 China, United States, Canada Series B, Series A, Series C E-Commerce, Food and Beverage, Software $1.4M–$196M
GF Xinde Investment Management
VC Fund
3 China, United States, Hong Kong Series A, Series B, Angel Manufacturing, E-Commerce, Biotechnology $425k–$100M
GGV Capital
VC Fund
3 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $5M–$150M
Sinovation Ventures
VC Fund
3 China, United States, Hong Kong Series A, Seed, Series B Software, Artificial Intelligence, Internet $1M–$110M
Volcanics Venture
VC Fund
3 China, United States, Hong Kong Series A, Series B Health Care, Artificial Intelligence, Biotechnology $425k–$60M
Everbright
VC Fund
3 China, United States, Iceland Series A, Series C Health Care, Software, Biotechnology
Light-Up Capital
VC Fund
2 China Series A, Angel Retail, Software, Health Care $7.1M–$10M
9C Capital
VC Fund
2 China Series A Retail, FinTech, Finance
Li Kanglin
Angel
2 China Seed, Angel, Series A Retail, Restaurants, Food and Beverage
The Linhui Fund
VC Fund
2 China Angel, Series A, Seed Health Care, Information Technology, Medical
China Growth Capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed Software, Information Technology, E-Commerce
Qingsong Fund
VC Fund
2 China, United States, Canada Series A, Angel, Seed Manufacturing, Education, Internet
Source Code Capital
VC Fund
2 China, United States, Singapore Series A, Series B, Series C Software, Artificial Intelligence, E-Commerce
Hejin Touzi
VC Fund
2 China Angel, Series A B2B, Retail, E-Commerce
Cherubic Ventures
VC Fund
2 United States, China, Taiwan Seed, Series A, Angel Software, Artificial Intelligence, E-Commerce
Weed Ventures
VC Fund
2 China Series A, Seed, Angel Software, Artificial Intelligence, Internet
Tiantu Capital
VC Fund
2 China, United States, Japan Series A, Series B, Series C Food and Beverage, E-Commerce, Medical $1.4M–$162M
GF Qianhe Investment
VC Fund
2 China, United States Series A, Series B, Series C Manufacturing, Semiconductor, Hardware
Charles Xue
Angel
2 China Angel, Series A, Seed Internet, Retail, Information Technology $134k–$11M
VStar Capital
VC Fund
2 China, Portugal Series A, Series B, Series C Health Care, Manufacturing, Medical $1.3M–$120M
VenturesLab
VC Fund
2 China, Singapore, United States Angel, Seed, Series A Software, E-Commerce, Supply Chain Management
Access all 614 investors in China Retail startups.

Access 48,091 investors

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

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Investor list

IDG Capital
VC Fund · Beijing, Beijing, China · 9 investments in China Retail startups

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

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

Investor stats

  • Total investments: 705
  • Round size: Series A $3M–$112M; Series B $7.4M–$142M; Series C $14M–$190M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Polymaker — Polymaker is a high quality 3D printing filament manufacturers. PLA, PETG, ABS, ASA, TPU, Nylon, PC, Carbon Fiber and more. Find the best filament for your application.
  • Ripple — Discover why hundreds of financial institutions choose Ripple to provide a better international payments experience for their customers in real-time.
  • Singularity Energy Technology — Singularity Energy is committed to core technology research and product development in advanced energy storage systems, and contributes industry-leading solutions to promote large-scale clean energy integration and achieve global carbon neutrality goals.
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Vision Plus Capital
VC Fund · Hangzhou, Zhejiang, China · 9 investments in China Retail startups

Vision Plus Capital (also known as Yuan Jing Capital) focuses on the Internet innovation, consumer upgrades, digital medical, intelligent technology four areas, the RMB and the dollar double currency investment. Yuan Jing Capital for the start-up enterprises to provide multi-faceted help, including the introduction of talent, strategy carding,operational upgrading, financing strategies.Founded in 2015, it was composed of team members for first-line Internet company's core positions of experts and domestic first-tier VC senior investors, for the start-up companies to provide practical experience and team support.

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Investment focus

  • Industry: E-Commerce, Health Care, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 168
  • Round size: Series A $6.3M–$60M; Series B $6.5M–$57M; Series C $15M–$130M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Fantuan — Order food with Fantuan Delivery. Get the best Asian food delivered to your door from your favorite local restaurants. Everyday promotion.
  • Better Medtech — Better Medtech is a provider of innovative solutions for urinary and pelvic floor health. Its primary business is the research and development, production, sales, and related services of specialized medical devices, with a focus on creating comprehensive and precise revolutionary products in markets such as benign prostatic hyperplasia, urinaryincontinence, stones, and novel tumour therapies.
  • Postek Electronics Co. — Postek Electronics Co. is a printing machine manufacturing company that offers the OX series, TX series, GX series, and MX series.
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HSG
VC Fund · Beijing, Beijing, China · 7 investments in China Retail startups, 10 in the past 12 months

We help founders build enduring companies.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 751
  • Round size: Series A $4.4M–$100M; Series B $12M–$200M; Series C $26M–$214M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • MarqVision — Effortlessly discover and remove counterfeits to protect your sales and reputation.
  • Midas — Midas is the first neobroker of Turkey, providing zero commission Turkish and American stocks.
  • Yunzhou Zhiwei — Yunzhou Zhiwei is a high-tech startup focused on serving large-scale equipment maintenance industries such as aviation, aerospace, shipbuilding, and rail transit. It leverages smart maintenance concepts and advanced digital technologies to make complex equipment maintenance more efficient and lean. The company drives industrial transformationtoward intelligent maintenance, helping enterprises enhance growth, efficiency, and operational excellence.
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Capital Today
VC Fund · Shanghai, Shanghai, China · 7 investments in China Retail startups

Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China. CapitalToday's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles. Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's "3 Weapons"). Capital Today is a strong believer of long term investment and tends to hold the investment for many years. Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.

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Investment focus

  • Industry: E-Commerce, Food and Beverage, Retail
  • Stage:Series A, Series B, Series C
  • Geography: China, United States

Investor stats

  • Total investments: 89
  • Round size: Series A $1.4M–$100M; Series B $2.8M–$53M; Series C $17M–$818M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Sand.ai — Sand AI is an AI company that focuses on producing videos.
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • Moonshot AI — Dark Side of the Moon is an AI large-scale model company.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 6 investments in China Retail startups

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 201
  • Round size: Seed $1.4M–$10M; Angel $425k–$6M; Series A $1.4M–$16M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Huimaiche — Huimaiche is a company that provides full-chain solutions for new retail in the automotive industry. It is an Internet-based high-tech company that combines online system development, brand management, full-brand automobile sales, aftermarket integration, and new retail in life.
  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • Guangyin Technology — Guangyin Technology focuses on the research and development and production of perovskite photovoltaics. Guangyin Technology provides low-cost renewable and clean energy solutions.
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ZhenFund
VC Fund · Beijing, Beijing, China · 6 investments in China Retail 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: 357
  • Round size: Seed $413k–$20M; Angel $425k–$5.7M; Series A $1.4M–$28M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • ChatCut — ChatCut lets you edit videos using natural language. Remove repeated takes, restructure content, and cut down for social media with simple prompts. Perfect for interviews and documentaries.
  • Pingxin Technology — Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.
  • Xiangke Intelligence — Tsinghua University, Beijing University of Aeronautics and Astronautics, computer and robotics professionals, and industrial serial entrepreneurs founded Xiangke Intelligence. It was established by the former founder of "Speed Technology" and the general manager of SharkNinja China Robot R&D Centre.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 5 investments in China Retail 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, Series B, Angel
  • Geography: China, Latvia, Hong Kong

Investor stats

  • Total investments: 135
  • Round size: Angel $425k–$14M; Series A $425k–$15M; 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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Ventech China
VC Fund · Shanghai, Shanghai, China · 4 investments in China Retail startups

Ventech Capital was founded in 1998 in France. Ventech is one of the most famous VC funds in Europe and manages four funds. In China, Ventech China manages three funds. Globally, this represents more than USD 1B total asset under management. Ventech China is based in Shanghai. Ventech China 3 is a USD 220 million venture capital fund focused oncommunities, M-commerce, Big Data and Fintech. Its current portfolio companies include Keep, the No.1 fitness training and community app in China, WonderFull, the emerging Japanese product M-commerce platform, Juzi, the leading entertainment news platform, Datawin, the leading big data company in sales leads generation, and Blued, the No.1 gay community app in China. Ventech China is dedicated to growing together with innovative startups and help them to become global leaders in their fields.

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Investment focus

  • Industry: E-Commerce, Mobile, Retail
  • Stage:Series A, Series B, Seed
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 60
  • Round size: Seed $2M–$50M; Series A $3M–$103M; Series B $7.1M–$37M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2011

Portfolio highlights

  • ACGBOX — ACGBOX is an anime snack food supplier, specialized in producing anime snack foods.
  • Huafa Geometry — Huafa Geometry is a pet smart ecosystem brand that specializes in providing fish tanks and aquarium with smart technology. It is a brand of Beijing Yuanyibai Technology Co., Ltd.
  • Huamei Haolian — Huamei Haolian specializes in providing telemedicine and medical tourism services.
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GSR Ventures
VC Fund · Palo Alto, California, United States · 4 investments in China Retail startups

GSR Ventures is a venture capital firm focused on technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology.The firm backs entrepreneurs building disruptive businesses that have the potential to dominate multi-billion dollar markets. GSR Ventures currently manages about $3.7 billion across itsfunds.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 332
  • Round size: Seed $2M–$9M; Series A $3M–$30M; Series B $9.5M–$74M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • ZingBox — ZingBox is a U.S.-based company that provides security for Internet of Things infrastructure. It is based in Mountain View, California.
  • Novelship — Novelship is Asia's fastest growing marketplace for limited edition sneakers, apparel and collectibles from the world's most exclusive brands including Jordan, Yeezy, Supreme and more!
  • Protean Electric — Protean Electric is an automotive technology firm. As the world leader of in-wheel motor technology, we provide a stand-alone electric drive solution with software that enables digital vehicle control and enhances customization. ProteanDrive motors use patented technologies, digital control, and are packaged with a friction brake. Designed towithstand 300,000 km vehicle lifetime, they deliver torque vectoring, 90 degree turn radius, and a digital control platform that can support a range of AI and cloud based services including autonomous EV sensors, digital ABS, vehicle diagnostics and road condition data. ProteanDrive provides opportunities for full EV and Hybrid vehicles in all segments from TaaS, to conventional vehicle programs including heavy trucks.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 4 investments in China Retail 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: 408
  • Round size: Series A $1.4M–$41M; Series B $8.2M–$50M; Series C $20M–$130M
  • Lead/follow: 31% lead, 69% 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.
  • Darma — DARMA - Digital Healt
  • LibLib AI — LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Frees Fund
VC Fund · Beijing, Beijing, China · 4 investments in China Retail 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: 194
  • 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".
  • Jiajin Biotech — Jiajin Biotech is a pharmaceutical R&D service provider. It specializes in the development of antibody-small nucleic acid conjugates.
  • Optical Standard Technology — Optical Standard Technology focuses on the design and manufacture of optical computing chips and optical computing boards for use in scenarios requiring large amounts of AI computing power, such as large model reasoning and training, autonomous driving, smart cities, quantitative finance, AI security.
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Alibaba Group
VC Fund · Hangzhou, Zhejiang, China · 4 investments in China Retail startups

Alibaba Group operates as an online marketplace connecting buyers and sellers. It provides various e-commerce activities, including retail and wholesale transactions. It also offers cloud computing and digital media services. Alibaba Group serves industries such as retail, logistics, and technology.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 214
  • Round size: Series A $3M–$709M; Series B $6M–$312M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: May invest from a new fund soon — raised $316M in 2015

Portfolio highlights

  • Kabam — Kabam, an entertainment company, develops free-to-play games for mobile devices and Web platforms. It offers traditional, social, strategy, action, arcade, sports, and role-playing games. Holly Liu, Kevin Chou, Mike Li, and Wayne Chan founded Watercooler on October 28, 2006 that became Kabam in August 2010, with its headquarters in San Franciscoin California. It has additional offices in San Francisco and Los Angeles in California, Vancouver in Canada, Austin in Texas, Beijing in China, London in United Kingdom, and Berlin in Germany.
  • Releaf Earth — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • Magic Leap — Magic Leap is a proprietary wearable technology that enables users to interact with digital devices in a completely visually cinematic way.Magic Leap is an Augmented Reality US-based startup that is innovating in the AR space to create new hardware and software that will give its users a never-before-seen AR experience and redefine how we accessscreens and visualize data. The headset combines a user's inherent visual ability with mobile computing – giving visual output equivalent to real-world experience but powered by mobile tech. Using their Dynamic Digitized Lightfield Signal, they generate images indistinguishable from real objects and place those images seamlessly into the real world.
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Luminous Ventures (former Lightspeed China Partners)
VC Fund · Shanghai, Shanghai, China · 4 investments in China Retail startups

Lightspeed China Partners was founded in 2011 as an independent venture capital group and began operating as Luminous Ventures in November 2025. Luminous Ventures is a leading venture capital firm serving entrepreneurs as a lead investor in early stage and emerging growth companies. It has offices in Shanghai,Beijing and Hong Kong.

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Investment focus

  • Industry: Manufacturing, Internet, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 152
  • Round size: Seed $1.2M–$100M; Series A $2.9M–$86M; Series B $10M–$110M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $111M in 2023

Portfolio highlights

  • FaceU — Faceu is a Chinese online photo-editing and sharing mobile app that allows its users to take pictures and videos with over 300 live effects and cute stickers to share on social media platforms. The app has served over 250 million global users, 75% of which are women.
  • Laiye — Laiye's innovative Work Execution System(WES) and best-in-class Intelligent Automation (IA) platform, solutions, and products are making your businesses and workforce future-ready.
  • Yuanfang Youguang — Stoke Voltaics is an outdoor 3C hardware design and development company that develops and sells outdoor 3C hardware products globally.
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Green Pine Capital Partners
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Retail startups

Shenzhen Green Pine Capital Partners Co. Ltd. (“GPCP”) was established in 2007, with the investment team assembled in 2000. GPCP is one of the most time-honored Chinese VC companies that boast experience in areas such as biotech, new materials, new resources and AI, etc. Currently, GPCP manages assets over 15 billion RMB through 21 special fundsand have invested 7 billion RMB into 388 enterprises among which 14 are listed on NEEQ and 48 of them are either listed or acquired by listed companies, including BGI(300676.SZ), Aurora(600666.SH), Nationz Tech(300077.SZ), Foresee(002530.SZ), Qudian(NASDAQ:QD), etc. GPCP invested in the angel round of BGI (Beijing Genomics Institute), Royole, Kuang-Chi, Appotronics, BMF, C-one, Arrayed Materials and other star enterprises.GPCP is based in Shenzhen, with branches in Beijing, Shanghai and Guangzhou. GPCP also runs two GPI incubators and an incubator for overseas Chinese scientists who start businesses in China.

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Investment focus

  • Industry: Biotechnology, Software, Manufacturing
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 165
  • Round size: Angel $425k–$2.9M; Series A $1.4M–$100M; Series B $4M–$150M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2019

Portfolio highlights

  • MindRank AI — MindRank AI is a developer of proprietary end-to-end AI-driven drug discovery platform (Molecule Pro™).
  • Ruitai Biotechnology — Ruitai is a developer for ophthalmic regenerative medicine, specialising in the R&D and sale of repair materials and medical device products
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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Hejun Capital
VC Fund · Beijing, Beijing, China · 4 investments in China Retail startups

Hejun Capital is a private equity and venture capital firm.

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Investment focus

  • Industry: Food and Beverage, Information Technology, E-Commerce
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 48
  • Round size: Angel $283k–$2.8M; Series A $1.4M–$5.7M; Series B $2.8M–$69M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Kitchen core — Chu Xin was founded in 2016 to focus on the intelligence of the kitchen, and is dedicated to building a clean and hygienic kitchen brand for the restaurant chain.The intelligent dishwasher can complete the cleaning, disinfection and drying process in one minute.The core of the kitchen core smart dishwasher is "technology-driven + machinenetworking", by introducing artificial intelligence and data monitoring into the tableware cleaning scene Distinguish a single inefficient dishwashing process for manual dishwashing, and integrate "high-pressure stain removal, three-dimensional washing, intelligent temperature sterilization, and full-dimensional drying" into one linkComplete the cleaning, sterilization and drying process in one minute, and the tableware is washed and used immediately, which greatly improves efficiency and ensures cleanliness and hygiene. At the same time, distinguishing traditional dishwashers, the kitchen core applies cutting-edge Internet of Things and big data technologies to continuously improve the standard and experience of smart cleaning services.
  • Yunwujie — Yunwujie is a provider of trading platform and SaaS management. It focuses on cross-border e-commerce logistics industry, provide trading platform + SaaS management.
  • Shishilian — Shishilian provides agricultural products such as mushrooms, vegetables, meat, fish, flowers, fruit, grains, tea, coffee, seafood, and alcoholic beverages.
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Share Capital
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Retail startups

Share Capital is a venture capital firm specializing in seed, start-up, early, middle, growth capital, and Pre-IPO investments. it primarily invests in big living, medical healthcare, and internet innovation. In medical healthcare, it seeks to invests in pharmaceuticals, innovative equipment, biotechnology, diagnostic testing equipment andreagents, anti-infectives, drug discovery, medical health service, mobile medical services, and informatization.

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Investment focus

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

Investor stats

  • Total investments: 109
  • Round size: Seed $142k–$6.9M; Series A $1.4M–$15M; Series B $2.8M–$57M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Depp CNC — DEPU CNC (Shenzhen) Co., Ltd.
  • Microview — Microview is a high-tech enterprise specializing in the research and development of high-precision complex process chip packaging equipment.
  • Jodell Robotics — Jodell develops intelligent robotic equipment designed to serve in automotive and logistics industries.
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K2VC
VC Fund · Beijing, Beijing, China · 4 investments in China Retail startups

K2VC (Xianfeng Evergreen) was founded in 2010, focused on early stage investment in technology start-ups in China, focus on promoting change and technological progress, innovative business models and lifestyles.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Biotechnology
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 177
  • Round size: Seed $1M–$14M; Angel $425k–$10M; Series A $1.4M–$24M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $141M in 2018

Portfolio highlights

  • Zhicheng Power — Zhicheng Power is a fully automatic life service provider that specializes in the research, development, and manufacturing of household intelligence robots and other smart equipment, offering one-stop fully automatic life service solutions to all consumer families.
  • Tongwei New Energy — Tongwei New Energy is a company that manufactures zero-carbon solid oxide fuel cells. Its major product is distributed zero-carbon power plants.
  • Zhongling Xingneng — Zhongling Xingneng provides green energy services. It focuses on household photovoltaics and the topic of distributed photovoltaics. It delivers solutions for the whole life cycle of rooftop photovoltaic power plants, including investment, consultancy, design, building, operation, and maintenance, to residents and industrial and commercialcompanies. New energy ecological sectors, such as energy storage and wind power, will be developed in the future.
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01VC
VC Fund · Shanghai, Shanghai, China · 4 investments in China Retail startups, 10 in the past 12 months

01vc is a venture capital firm focused on making early-stage investments in mobile internet and marketplace startups such as trading platforms, enterprise service, SaaS, logistics, mobile internet-related finance, e-commerce, and B2B. The firm also invests in the Southeast Asia market. 01vc was established in 2014 and is based in Shanghai, China.

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Investment focus

  • Industry: E-Commerce, Information Technology, Logistics
  • Stage:Series A, Seed, Angel
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 67
  • Round size: Seed $120k–$14M; Angel $283k–$1.4M; Series A $1M–$11M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $60M in 2022

Portfolio highlights

  • XbotGo — Blink Tech is a trailblazing AI technology company which developed the "XbotGo" (originally known as "Blink Focos") an AI sports camera.
  • Puyu Technology — Puyu Technology is committed to providing high-performance micro-nano manufacturing solutions.
  • Guangxiang Technology — Guangxiang Technology is dedicated to empowering industrial scenarios through embodied intelligence technology. The company has developed a general-purpose embodied intelligence development platform, centered around its core GOPS platform, to drive innovation and intelligent transformation in industrial applications.
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Hillhouse Investment
VC Fund · Changyang, Beijing, China · 4 investments in China Retail startups

Founded in 2005, Hillhouse is a leading global investment management firm, active across public equity, private equity, real estate and private credit. The firm invests over a long-term horizon and partners with exceptional entrepreneurs to deliver sustainable value creation for quality companies.Hillhouse is a full life-cycle private equityfirm, investing for the long term across opportunities in the healthcare, business services, consumer, and industrials sectors. The firm manages capital on behalf of global institutions such as non-profit foundations, endowments, and pensions.

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Investment focus

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

Investor stats

  • Total investments: 331
  • Round size: Series A $2.9M–$142M; Series B $14M–$230M; Series C $15M–$220M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $11B in 2018

Portfolio highlights

  • Sainte — Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • Horizon Continental Technology — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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BA Capital
VC Fund · Jingan, Shanghai, China · 3 investments in China Retail startups

BA Capital is a venture capital firm focused on the consumer sector.

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Investment focus

  • Industry: Food and Beverage, Retail, E-Commerce
  • Stage:Series B, Series A, Seed
  • Geography: China, Spain

Investor stats

  • Total investments: 28
  • Round size: Series A $8.7M–$65M; Series B $14M–$113M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • KDHY Foods — KDHY Foods is a company that specializes in manufacturing processed fruit and potato products. KDHY Foods involves producing canned, frozen, or dried fruits, as well as processed potato goods such as frozen fries, chips, and mashed potato products.
  • Laopu Gold — Laopu Gold is an ancient handmade goldware brand that produces jewelry using ancient handmade gold.
  • Shenzhen Amos Sweets & Foods Co. — Shenzhen Amos Sweets & Foods Co. is a food processing company that makes and sells candies.
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Xiaomi
VC Fund · Beijing, Beijing, China · 3 investments in China Retail startups

Play to win vouchers and get up to 50% discounts!

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Investment focus

  • Industry: Manufacturing, Software, Hardware
  • Stage:Series A, Series B, Series C
  • Geography: China, India, United Kingdom

Investor stats

  • Total investments: 194
  • Round size: Series A $1.4M–$71M; Series B $2.8M–$60M; Series C $14M–$400M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • ShareChat — ShareChat is India's own social network in 14 Indian languages Install ShareChat from Google Play Store for FREE!
  • AIpark — AIpark is provides a smart parking management solution. AIPark upgrades traditional parking spaces into “smarter ones” for local governments or businesses by leveraging on its in-house visual recognition technologies.
  • WELINK — Well-Link is a domestic provider of video cloud solutions. Its core technical team is a pioneer in the field of cloud games in China, with over ten years of research experience in the field. Console games, online games, Android games, and so on can all easily enter the cloud. Weiling Times has begun extensive collaboration with a number of leadingdomestic cloud server providers. Weiling cloud game solutions can be deployed quickly and efficiently regardless of the cloud server used.
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N5Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Retail startups

N5Capital is a Beijing-based leading venture capital firm focusing on early stage investment in mobile internet. N5Capital is the only early stage USD venture fund in China specializing in mobile internet, big data and cloud’s disruptive convergence with consumer sectors. N5 believes these technologies are emerging to be the infrastructure ofproductivity growth and consumer behavior transformation. Founded in 2013 by Mr. Will Jiang and Mr. Weiguo Zhao, N5Capital is currently managing two RMB funds and one USD fund, with the total capital managed at $350 million USD. In 2016, N5Captial was awarded the Top 20 Early Stage Venture Capital Firm in China. The power of mobile disruption in the internet savvy Chinese population guarantees a strong investment potential. With more than 60 companies in its portfolio, N5Capital has represented some of the most leading-edge tech companies, including Talking Data, 360 Finance, Car 300, Hot & Hot, Viva Video, LGD, Ofashion and inMotion/SoloWheel. N5Capital has a unique GP team combination with a collective successful track record spanning from angel, early stage, and growth stage to corporate M&A with approximately 30 years combined investment experience. N5Capital analyzes in consumer sectors such as finance, retail, housing, automobile, travel among others and invests in start-ups that thrives on either build or leverage the underlying technology to disrupt or recreate the industry value chain . Through an expansive network, in-depth industry analysis and rigorous user behavior research, N5Capital is shifting the investment landscape for both start-ups and investors. For more information, visit www.n5capital.com.

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Investment focus

  • Industry: E-Commerce, Internet, Gaming
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 87
  • Round size: Seed $142k–$2.1M; Series A $907k–$15M; Series B $425k–$30M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Feiyu — Feiyu is an online purchasing platform for luxury trading bags.
  • Harmay — HARMAY is based on contemporary fashion and aesthetics, conveys the concept of beauty and beautiful life. Covering first well-known international cosmetics and skin care brands products, global unique boutiques, and HARMAY’s own products,
  • Zhongying Cross-border — Zhongying Cross-border is a cross-border e-commerce comprehensive service platform.
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QF Capital
VC Fund · Shenzhen, Guangdong, China · 3 investments in China Retail startups

QF Capital is a fund management company that focuses on private equity investments.

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Investment focus

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

Investor stats

  • Total investments: 140
  • Round size: Seed $1.4M–$14M; Angel $425k–$2.1M; Series A $1.4M–$16M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
  • Qifasuan — Qifasuan is a technology company specializing in AI-driven pet health solutions.
  • Puyu Technology — Puyu Technology is committed to providing high-performance micro-nano manufacturing solutions.
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Magic Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Retail startups

Magic Capital is an investment firm focused on supporting Chinese Internet companies. The company's founders are working cross a broad range of sectors, from education to media to healthcare to SaaS to AI to e-commerce to game to social networking service.

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Investment focus

  • Industry: Education, Internet, Artificial Intelligence
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 46
  • Round size: Seed $142k–$3M; Angel $242k–$8.3M; Series A $200k–$14M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2009

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.
  • Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
  • Weiming Smart — Weiming Smart is a technology company focused on machining intelligent manufacturing.The company is deeply involved in the precision processing industry, creatively integrating production management software and Internet platform technology into production management, building a comprehensive data information system on the production sitethrough equipment networking and data collection, and combining sensors, edge computing, cloud computing, and other technologies.
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Baidu Ventures
VC Fund · Beijing, Beijing, China · 3 investments in China Retail startups

Doma Protocol is a purpose-built blockchain to modernize and unlock the liquidity of over 362M existing and future domains

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Investment focus

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

Investor stats

  • Total investments: 200
  • Round size: Seed $1.9M–$14M; Series A $1.4M–$42M; Series B $8M–$145M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Zeabur — A platform that help you deploy your service with one click, No matter what programming language you use, what framework you use.
  • Fastlane — We take innovative brands global. Fastlane is a full-service D2C solutions provider that assists enterprises with brand development, business infrastructure, and sales creation/growth in European, North American and Asian markets. We offer a superior one-stop solution, with expertise in go-to-market strategy, traditional and digital marketing,PR, logistics, e-commerce, sales, and platform development. We work with companies big and small, and our custom-tailored solutions range in scope from basic consulting services to 360° turnkey operations.
  • Automation Hero — Reduce your company's document processing time with an intelligent automation platform that's simple, secure, and accurate.
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Tsing Ventures
VC Fund · Beijing, Beijing, China · 3 investments in China Retail startups

Tsing Ventures is China’s leading service system of innovative entrepreneurship.

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Investment focus

  • Industry: Artificial Intelligence, Robotics, Manufacturing
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 36
  • Round size: Seed $1.5M–$3M; Angel $425k–$8.5M; Series A $1.1M–$15M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Yongxin Technology — Yongxin Technology is a company dedicated to the research and development of high-performance semiconductor chips, aiming to deliver advanced solutions for applications such as artificial intelligence, data centers, and next-generation consumer electronics.
  • Moonshot AI — Dark Side of the Moon is an AI large-scale model company.
  • Advanced Materials Technology & Engineering — Advanced Materials Tech& Eng is a semiconductor equipment manufacturer that focuses on the development of front-end process equipment, compound semiconductors and MEMS.
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Ping An Ventures
VC Fund · Pudong, Shandong, China · 3 investments in China Retail startups

Ping An Ventures is a professional VC under Ping An Insurance (Group) Company of China, Ltd. with focused interest in start-ups of emerging innovation. It is committed to growing with the partners and driving success by provision of both funds and managerial expertise, resources and a platform."

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 89
  • Round size: Angel $425k–$1.7M; Series A $425k–$100M; Series B $3.5M–$99M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • DentaLink China — Developer of dental imaging technology and dental clinic management software. The company's software helps dental professionals accurately diagnose patient conditions through oral CT scanning, as well as keep track of patient records and appointments, enabling dental professionals to provide treatment more efficiently.
  • Zhangshang Tangyi — Zhangshang Tangyi is a health management platform with a focus on diabetes. It allows patients to upload their own health data to their mobile app and receive treatment guidance from doctors. Zhangshang Tangyi was founded in 2014 and is based in Hangzhou, Zhejiang.
  • Xgene Pharmaceutical — Xgene Pharmaceutical is a pharmaceutical company.
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Crystal Stream Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Retail startups

Crystal Stream Capital specializes in making early-stage investments in the technology, media, and telecommunications sector.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Fashion
  • Stage:Series A, Series B, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 75
  • Round size: Seed $1.6M–$300M; Series A $1.4M–$30M; Series B $7.1M–$30M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • ONE2X — From intelligence to infinity
  • FAIR — FAIR, the first collaborative robot company to realize independent research and development of all core components.
  • XTEINK — XTEINK is an e-ink screen that magnetically attaches to the back of your phone.
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Huaying Capital
VC Fund · Changning, Shanghai, China · 3 investments in China Retail startups

Huaying Capital is a venture capital firm focuses on deep insight of Internet industry.

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Investment focus

  • Industry: Information Technology, Software, Manufacturing
  • Stage:Series A, Series B, Seed
  • Geography: China, Japan, Hong Kong

Investor stats

  • Total investments: 73
  • Round size: Seed $1.4M–$2.1M; Series A $1.3M–$28M; Series B $241k–$142M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Makera — Makera builds the smartest desktop CNC machines for makers. Explore our Carvera series, versatile mill routers, and rich case templates for every project.
  • Zinsight — Zinsight specializes in silicon carbide devices and innovative electric motor systems. Zhizhan Technology has launched the SiCTeX series of silicon carbide advanced electric drive systems and ZiPACK high-performance silicon carbide power modules, based on more than ten years of silicon carbide power semiconductor design and drive system R&Dexperience, which have been successfully used in fuel cell vehicles, micro gas turbines, centrifugal High-speed turbine equipment such as blowers, as well as aviation/ship electric propulsion and special electrified power systems.
  • Lingyu Intelligence — Lingyu Intelligence engages in the manufacturing and sales of industrial robots, intelligent robots and service consumer robots.
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Joy Capital
VC Fund · Changyang, Beijing, China · 3 investments in China Retail startups

JOY CAPITAL invests in startups of both early and growth stages and focuses on TMT and innovative consumption sectors. “Do Hard Things with JOY”. JOY CAPITAL keeps partnering with entrepreneurs for helping them make right decisions at key moments during a startup’s developments and sharing the hardship and joy with them while starting theirbusiness. Founding partners of JOY CAPITAL have invested in more than 80 startups and over 10 portfolios they’ve invested in are unicorns.

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Investment focus

  • Industry: E-Commerce, Food and Beverage, Software
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 103
  • Round size: Series A $1.4M–$39M; Series B $10M–$175M; Series C $50M–$196M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $550M in 2022

Portfolio highlights

  • Newlink — Newlink primarily operates as a digital energy service provider. It promotes energy change, the energy Internet of Things EIoT, and an energy new retail platform. It is a dual-material unicorn at home and abroad, one of the world's top 500 new energy companies, with more than 3,000 employees. Covering oil, electricity, hydrogen, and gasmultiple energy categories, opening up the upstream and downstream of the energy industry chain, and digitally reconstructing the energy ecology.
  • 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.
  • Legend Energy — Legend Energy provides clean, low-carbon, safe, and efficient smart energy storage products and solutions.
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GF Xinde Investment Management
VC Fund · Guangzhou, Guangdong, China · 3 investments in China Retail startups, 9 in the past 12 months

GF Xinde Investment Management Co., Ltd. was established in 2008 through the approval of the China Securities Commission on Direct Investment, with registered capital of RMB 2.3 billion. GF Xinde is one of the leading direct investment brokerages in China. Through a deep understanding of capital markets, known for integrity, professionalservice, and possessing an abundance of industry resources; GF Xinde not only provides strong financial support to investing corporations, but imparts a wealth of advanced management experience and access to a national business network. Supported by the comprehensive strengths of GF Securities, GF Xinde will assist the invested enterprise with establishing a strategic, long-term plan for growth by increasing their management efficiency, building the ideal capital structure, and a strong platform necessary for a successful IPO. All possible types of investments, merger and acquisitions, business, and technical cooperation opportunities will be provided for the invested enterprise. This will ensure the mutual benefits of both the Company and the invested enterprise are financially sound and increase the overall investment value through business synergies.As a direct investment brokerage, GF Xinde provides distinct advantages in regards to investment resources, market research, professional expertise, mergers and acquisitions and IPO experience. As of December 2014, GF Xinde’s accumulated total assets under management exceeded RMB 5 billion, with 16 successful IPOs, ranking first amongst the industry in both scale and number of successful public offerings.Currently, the Company has successfully created a number of diverse management funds: mezzanine funds, merger and acquisition funds, private equity funds, and other investment funds, covering but not limited to a wide range of industries, such as medicine, consumer stocks, and the internet.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Biotechnology
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 125
  • Round size: Angel $425k–$1.4M; Series A $1.4M–$100M; Series B $2.8M–$100M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2016

Portfolio highlights

  • Nanochap — Nanochap is an intelligent medical hardware developer.
  • Degron Therapeutics — Degron Therapeutics is a leading platform company in discovery of molecular glue degraders for cancer treatment.
  • FangQing Technology — Fangqing Technology is a company mainly engaged in multiple areas of the communications equipment and software industry. Its core business activities include software development and sales, software outsourcing services, information system integration services, and computer system services.
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GGV Capital
VC Fund · Menlo Park, California, United States · 3 investments in China Retail startups

We believe the talent to build great companies comes from anywhere. A global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed- to growth-stage investments across Social/Internet, Enterprise Tech, and Smart Tech sectors.

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Investment focus

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

Investor stats

  • Total investments: 658
  • Round size: Series A $5M–$50M; Series B $14M–$60M; Series C $15M–$150M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $366M in 2021

Portfolio highlights

  • Hutouju — Hutouju is a Chinese dessert retailer that operates both retail locations and online stores. It offer customers tasty products with a Chinese style.
  • Pacdora — Pacdora is an incredibly user-friendly online mockup design platform that boasts an extensive collection of 3D mockups and box templates. Whether you're a seasoned designer or just starting out, you can effortlessly create eye-catching mockups in no time. Plus, with our powerful 3D modeling software and a suite of AI design assistant tools atyour fingertips, your creative possibilities are limitless. Unleash your imagination with Pacdora today!
  • Handshake — The largest expert network for learning, earning, and growing careers in the AI economy, giving everyone an accessible first step into an AI-powered career.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 3 investments in China Retail startups

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 248
  • Round size: Seed $1M–$9M; Series A $1.4M–$28M; Series B $10M–$110M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • ImageDT — ImageDT is a Enterprise services company.
  • AFFiNE — There can be more than Notion and Miro. AFFiNE is a next-gen knowledge base that brings planning, sorting and creating all together.
  • SiliconFlow — Silicon Mobile Technology is an AI ​​infrastructure company that specilaizes in large models inference and deployment system to reduce the cost in the AIGC and LLM industries.
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Volcanics Venture
VC Fund · Changning, Shanghai, China · 3 investments in China Retail startups

Volcanics Venture was founded in May 2016. They identify, invest in, and serve the most promising companies and outstanding entrepreneurs in Internet Innovation, Intelligent Technology and Healthcare industry. Managing Partners Suyang Zhang, Yeshun Dong and Ying Wu have been working closely for years as first-class USD/RMB fund managers.They have more than 60 years of aggregated VC investment and corporate management experience, as well as in-depth understanding of three focused fields. Volcanics Venture brings a powerful combination of global perspective and local experience to investment management, striving to provide sustainable value-added service to their portfolio companies and bring superior return to their limited partners.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Biotechnology
  • Stage:Series A, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 102
  • Round size: Series A $425k–$21M; Series B $5.7M–$60M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $73M in 2018

Portfolio highlights

  • Alluxio — Accelerate AI workloads, increase GPU utilization, and reduce infrastructure costs with Alluxio's AI-optimized, highly-distributed cache.
  • Triastek — Triastek develops 3D printed medicines and the production facilities to manufacture them and has already filed patent applications for its technology.
  • Vision Medicals — Vision Medicals is a provider of pathogenic gene diagnostic services, focusing on infection-precise medical treatment, high-throughput sequencing-based pathogen metagenomics and CRISPR-based rapid diagnosis and other new technologies, effectively improving the detection ability of clinical pathogens and shortening The reporting cycle acceleratedthe development of the infection-accurate medical industry. The company developed a pathogenic nucleic acid enrichment technology with independent intellectual property rights for the detection of pathogenic micronucleic acids in clinical samples. The pathogen macro was established through the accumulation of pathogen detection big data. Genomics intelligent analysis and reporting system.
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Everbright
VC Fund · Wan Chai, Hong Kong Island, Hong Kong · 3 investments in China Retail startups

Everbright is China’s cross-border investment and asset management company.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Series A, Series C
  • Geography: China, United States, Iceland

Investor stats

  • Total investments: 44
  • Lead/follow: no public data

Portfolio highlights

  • Grit Science — Grit Science is a gene therapeutics firm, that engages in the R&D of liver genes.
  • Yinuo Pharmaceutical — Yinuo Pharmaceuticals is a small molecule inhibitor drug developer.
  • Terminus Technologies — EXPO 2020 OFFICIAL PREMIER PARTNER
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Light-Up Capital
VC Fund · Tianjin, Guangdong, China · 2 investments in China Retail startups

Lighting Investment is an investment organization focused on the angel investments.

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Investment focus

  • Industry: Retail, Software, Health Care
  • Stage:Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Series A $7.1M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 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.
  • Orange Dental — Shanghai based Healthcare company.
  • Jodell Robotics — Jodell develops intelligent robotic equipment designed to serve in automotive and logistics industries.
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9C Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Retail startups

9C Capital is an early venture capital institution. Its partners and senior executives are from internationally renowned investment banks and domestic large-scale financial technology companies. They have deep experience in the early stage of equity investment in Internet companies. Innolux focuses on early early investments in related segments ofthe Internet, financial technology, consumer and technology sectors. Relying on the strategic resources support of domestic financial technology leading companies and listed companies, as well as the professional management of investment management, the company adheres to the concept of achieving others and achieving self, and promotes the innovation and upgrading of the entire Internet industry while obtaining excessive returns for investors.

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Investment focus

  • Industry: Retail, FinTech, Finance
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Master Bao — Bao Master is a luxury care service platform. The company is committed to mobile Internet + luxury aftermarket services, providing a range of related services such as private exclusive luxury care and idle luxury goods transactions, as well as auctions, fashion new media and other aspects.
  • Lanseral — Lanseral is a Men's cosmetic brand that provides makeup equipment products.
  • Licai Mofang — Licai Mofang is a mobile APP specialized in investment consulting and financial services.
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Li Kanglin
Angel · 2 investments in China Retail startups

Li Kanglin

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Investment focus

  • Industry: Retail, Restaurants, Food and Beverage
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Deyanshe
  • 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
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The Linhui Fund
VC Fund · Changning, Shanghai, China · 2 investments in China Retail startups

The Linhui Fund is an equity investment and angel investment firm.

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Investment focus

  • Industry: Health Care, Information Technology, Medical
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 18
  • Lead/follow: no public data

Portfolio highlights

  • Ulso — Ulso is a manufacturer of piezoelectric materials and ultrasonic transducers.
  • Juntong Future — Juntong Future is an artificial intelligence and digital intelligence security service provider that focuses on the governance and compliance challenges of artificial intelligence itself
  • Depushi Biotech — Depu Biotech is a tumor mRNA vaccine development company that specializes in therapeutic tumor mRNA vaccine start-ups.
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China Growth Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Retail startups, 6 in the past 12 months

China Growth Capital (CGC) is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in enterprise, technology and marketplace. The typical investment size ranges from $1M to 5M with a hard cap ceiling at $15M per company. Since its founding in 2006, China Growth Capitalhas grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds. Notable portfolio includes SMZDM (300785.SZ), Missfresh (NASDAQ:MF), Wish (NASDAQ:WISH), Tongdun, Tiger Brokers (NASDAQ: TIGR), BeyondHost (now part of Meituan 03690.HK), Ezbuy (NASDAQ:LITB), Cai Cloud (now part of ByteDance), PingCAP, DeePhi (now part of NASDAQ: XLNX), Airlango (now part of HKEX:03690), Nreal, Landspace, WeRide, Plus.ai, Sinovation, Singleron, 4B, ABM Therapeutics and InxMed etc.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 156
  • Lead/follow: no public data

Portfolio highlights

  • Mech-Mind Robotics — Mech-Mind is dedicated to giving intelligence to industrial robots. Through core technologies such as machine vision (2D/3D), advanced programming models, fast environment awareness, intelligent decision making, and autonomous path planning, robots will no longer be a clumsy machine that can only repeat actions, but become available toeveryone and available everywhere. Smart helper. The company's core products are high-performance 3D cameras, visual AI algorithms and software, robot motion algorithms and software, and can provide reference designs and field services for a variety of typical applications. Mecamand's complete solution enables robot manufacturers and integrators to quickly upgrade their artificial intelligence capabilities to perform applications such as disordered object capture, visual guided unraveling, mixed palletizing, and precision positioning assembly.
  • Butterfli — Butterfly is a manufacturer of prefilled syringes. It focuses on using the next-generation high-performance materials COC&COP to produce prefilled syringes without silicone oil systems, and is committed to breaking the international monopoly and promoting the material revolution in China's pharmaceutical packaging industry.
  • Tongxin Medical Equipment — Tongxin makes magnetically-suspended artificial blood pumps which are designed to replace the human heart. They are undergoing clinical trials in China after being fast-tracked through the approval process by the National Medical Products Administration, state-run Xinhua News Agency
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Retail startups

Founded in June 2012 by Liu Xiaosong, Dong Zhanbin, and Su Wei, three Internet and investment circle veterans, Qingsong Fund is an early venture capital firm specializing in investment in education, social networking, consumerism, innovation, technology and applications. It manages four RMB funds with a total value of about RMB 2 billion. So far,it has invested in more than 140 companies, including 1 to 1 head, 1 DaDa English, squirrel AI, onion mathematics, wedding calendar, werewolf killing, flystep technology, HomeFacial. Pro and other star projects - 50% exit project returns more than 60 times, multiple project valuation multiples increased nearly 200 times, and educational projects have an average annual value increase of 500%. Among them, the Qingsong Smart Fund, which was newly established in 2018, focuses on the underlying technologies of the underlying AI and Smart Connect, as well as investment in such areas as smart healthcare, enterprise services and intelligent transportation applications. Liu Xiaosong, founding partner of Qingsong Fund, is a Ph.D. student at Tsinghua University. He invested in Tencent in 1999 and has a return on investment of tens of thousands of times. In 2000, he founded A8 New Media Group, which was successfully listed on the main board in Hong Kong in 2008. In 2015, he hatched in November 2018. Listed in Hong Kong stocks in the year. As a leading early investment institution in China, Qingsong Fund and its founding partners have repeatedly won Top 10 of Zero2IPO China's early investment institutions/investors, Top10 of China's education sector, Top100 of Chinese investors, and China's best early venture capital investment. Institution/Investor Top10; 36氪 China's new entertainment sector investment institutions Top10, online education sector investment institutions/investors Top10 and other mainstream awards.

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Investment focus

  • Industry: Manufacturing, Education, Internet
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 129
  • Lead/follow: no public data

Portfolio highlights

  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Shufang New Energy — Shenzhen Sufang New Energy focuses on the research, development, and production of lithium-rich manganese-based cathode materials.
  • Tongwei New Energy — Tongwei New Energy is a company that manufactures zero-carbon solid oxide fuel cells. Its major product is distributed zero-carbon power plants.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 2 investments in China Retail startups

Founded in 2014, Source Code Capital is a leading China VC focused on the broad TMT sectors and investing in both early stage start-ups and growth stage companies. With $1.5 billion and RMB 3.5 billion under management, Source Code Capital has been successfully partnering with close to 150 leading Chinese technology founders since inceptionincluding Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare.

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Investment focus

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

Investor stats

  • Total investments: 235
  • Lead/follow: no public data

Portfolio highlights

  • Mootion — Mootion is an AI video generation platform. It enables detailed 3D motion control, character replacements, and background adjustments. This aims to streamline the production process for users.
  • Accelerating Evolution — Accelerating Evolution is a humanoid robotics company. It provides humanoid robots to AI firms and research institutes, as well as quick mass production and supply of standard items.
  • Guduwai Chinese Hamburger — Guduwai Chinese Hamburger is a brand of Hunan Guduwai Catering Management. It combines traditional pastry craftsmanship with modern hamburger forms.
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Hejin Touzi
VC Fund · Shanghai, Shanghai, China · 2 investments in China Retail startups

Hejin Touzi is an venture capital investment firm.

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Investment focus

  • Industry: B2B, Retail, E-Commerce
  • Stage:Angel, Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • mytech — mytech is a new cross-border retail services platform.
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Cherubic Ventures
VC Fund · Taipei, T'ai-pei, Taiwan · 2 investments in China Retail startups, 10 in the past 12 months

Cherubic Ventures is an early stage focused venture capital firm based in Silicon Valley and Greater China.

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Investment focus

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

Investor stats

  • Total investments: 152
  • Lead/follow: no public data

Portfolio highlights

  • Wondera — Wondera is a developer of Web3-based social entertainment software designed to reward users for singing and other creative performances. The platform allows users to create personalized AI singers, participate in karaoke, record music, and contribute to the training of artificial intelligence models—all free of charge. By integrating user-generatedcontent with advanced AI technologies, Wondera enables individuals to express their creativity, develop their talents, and engage in an interactive, rewards-driven entertainment experience.
  • Patlytics — Patent discovery, analytics, comparison, and workflow. Simplified via Artificial Intelligence.
  • Terminal 3 — We empower an equitable digital future
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Weed Ventures
VC Fund · 2 investments in China Retail startups

Weed Ventures

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Hyseim — Hyseim addresses the new computing needs caused by the integration of smart car electronics and AIOT industrial scenarios.
  • Ensonic — Ensonic is an explorer of acoustic detection AI technology in the industrial application field.
  • Falcon Technology — Falcon Technology builds consumer-grade AR ecosystem and provides users with high-quality AR products and services.
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Tiantu Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Retail startups

Tiantu Capital is a venture capital association.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, Medical
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 123
  • Round size: Series A $1.4M–$16M; Series B $14M–$142M; Series C $14M–$162M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $68M in 2019

Portfolio highlights

  • Leman Biotech — Leman Biotech is a biotech company that is engaged in development of cancer immunotherapies.
  • Insight Technology — Insight Technology is an instrument manufacturer and seller company that specializes in instrument sales, intelligent instrument sales, mechanical equipment research and development, and more.
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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GF Qianhe Investment
VC Fund · Beijing, Beijing, China · 2 investments in China Retail startups

Guangfaganhe Investment Co is a wholly-owned investment subsidiary of GF Securities Co., Ltd. The company is currently engaged in equity investment business, aiming at creating market influence and differentiated competitive advantages in the PE market, and expanding stable investment channels that can absorb large amounts of capital in other newfields, striving to become the industry's leading alternative investment platform.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Hardware
  • Stage:Series A, Series B, Series C
  • Geography: China, United States

Investor stats

  • Total investments: 61
  • Lead/follow: no public data

Portfolio highlights

  • Petideal — Petideal is a pet food manufacturing company that specializes in producing mid-to-high-end pet food.
  • Ningkang Ruizhu — Ningkang Ruizhu is a targeted drugs developer.
  • Jade Bird Display — Jade Bird Display (JBD) is the leading manufacturer of microLED microdisplays. Our active matrix microLED displays are extremely small (0.31" to 0.13" diagonal) with high pixel density (5000 - 10,000 PPI) and are capable of emitting upto 4 million Nits.
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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, Retail, Information Technology
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 15
  • Round size: Angel $134k–$850k; Series A $425k–$11M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • DeLink (DELC)
  • Huaqin Zhilian — Huaqin Zhilian is a manufacturer of smart robot convenience devices in the field of smart retail.
  • YEUNGS SAGE E-COMMERCE
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VStar Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Retail startups

VStar Capital is an investment firm based in China.

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Investment focus

  • Industry: Health Care, Manufacturing, Medical
  • Stage:Series A, Series B, Series C
  • Geography: China, Portugal

Investor stats

  • Total investments: 41
  • Round size: Series A $1.3M–$120M; Series B $2.8M–$71M; Series C $20M–$61M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • LANDBASE — LANDBASE is a food brand management company driven by the concept of innovation & fashion. Committed to integrating global R&D and production resources, LANDBASE utilizes frontier food processing technologies to redefine traditional foods and build fashionable foods for the future.
  • GigaAI — Excellent Vision is a spatial intelligence company focused to transforming video creation into a 4D world model, enabling AI big models to grasp, generate, and reason about 4D space.
  • Surgerii Technology — Beijing Surrey is a technology company founded by an industry elite active in China's medical equipment. Relying on the core technology of the new generation of flexible continuum robotic arm, running through the implementation paradigm of many types of clinical minimally invasive surgery, and harnessing the powerful system design andintegration capabilities, Beijing Shurui is committed to becoming the first independent independent research and development, production and sales in China.
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VenturesLab
VC Fund · Beijing, Beijing, China · 2 investments in China Retail startups

VenturesLab was founded in 2005 by Mark Mai and legendary venture capitalist Tim Draper. It was China's first internet-business incubator. In 2010, VenturesLab started to mainly focus on early stage investment and became a top name among China entrepreneur community. It incubated and invested in nearly 100 startups since 2005 across many kindsof Internet related fields. VenturesLab shares business expertise, tears and cheers with like-minded entrepreneurs dedicated to developing China’s internet industry. The total portfolios market cap amounts for $ 5 billion including a few M&A and two IPOs in China and US.

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Investment focus

  • Industry: Software, E-Commerce, Supply Chain Management
  • Stage:Angel, Seed, Series A
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Shunfeng Dayun — Shunfeng Dayun is an intelligent dispatching platform for large-scale special vehicles.
  • Huawu Technology — Huawu Technology is a florist's one-stop floral supply and procurement platform. It is committed to the Yunnan flower wholesale industry's Internet supply chain and offers one-stop flower supply and procurement for florists, wedding firms, flower community group purchases, and other merchants around the country.
  • Shanshi Technology — Shanshi Technology is a photochemical industrialization service provider.
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Retail Investor funding in China at a glance

Stats across 482 deals from 614 investors.

614
investors
in China Retail startups
482
deals
in China Retail startups
$10M
median round
in China Retail startups
43%
lead investors
lead at least one round
33%
Series A
most common funding stage
96/4
VC / Angel
share of investor count

Access all 614 investors in China Retail startups.

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