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Top 50 Social Media VC Funds & Investors in China (September 2026)

The most active venture capital funds investing in China Social Media startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Social Media startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
ZhenFund
VC Fund
8 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$30M
GGV Capital
VC Fund
6 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $5M–$150M
NewMargin Ventures
VC Fund
5 China, United States, Hong Kong Series A, Angel, Series B Manufacturing, Information Technology, Internet $425k–$200M
Qiming Venture Partners
VC Fund
5 China, United States, Hong Kong Series B, Series A, Series C Health Care, Biotechnology, Medical $4.4M–$120M
Sinovation Ventures
VC Fund
4 China, United States, Hong Kong Series A, Seed, Series B Artificial Intelligence, Software, Health Care $1.3M–$74M
IDG Capital
VC Fund
4 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $2.9M–$354M
Matrix Partners China
VC Fund
4 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Biotechnology $1.6M–$137M
Source Code Capital
VC Fund
3 China, United States, Singapore Series A, Series B, Series C Artificial Intelligence, Software, Manufacturing $2.3M–$200M
Crystal Stream Capital
VC Fund
3 China, Hong Kong, United States Series A, Seed, Series B E-Commerce, Food and Beverage, Manufacturing $1.5M–$42M
Qingsong Fund
VC Fund
3 China, United States, Canada Series A, Angel, Seed Manufacturing, Education, Internet $142k–$28M
Sky9 Capital
VC Fund
3 China, United States, Singapore Seed, Series A, Series B Software, Blockchain, Artificial Intelligence $2M–$100M
CBC Capital
VC Fund
3 China, United States Series B, Series A, Series C Software, Internet, Information Technology $1.5M–$100M
SBCVC
VC Fund
3 China, United States, Australia Series A, Series B, Series C Health Care, Software, Medical $2M–$105M
Frees Fund
VC Fund
2 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $447k–$35M
Shenzhen Capital Group
VC Fund
2 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Software $1.5M–$156M
DT Capital Partners
VC Fund
2 China, United States, South Korea Series A, Series B, Series C Health Care, Medical, Biotechnology $1.4M–$102M
Meridian Capital Asia
VC Fund
2 China, United States, India Series A, Angel, Series B Information Technology, Software, Internet $425k–$62M
Inke
VC Fund
2 China, United States Seed, Series A, Angel Social, Hardware, Virtual Reality $1.4M–$25M
GSR Ventures
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $2M–$70M
Artesian VC
VC Fund
2 Australia, United States, Hong Kong Seed, Series A, Pre-Seed Software, Artificial Intelligence, Health Care $65k–$15M
Tencent
VC Fund
2 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3M–$418M
PreAngel
VC Fund
2 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain
Zhonglu Capital
VC Fund
2 China, Taiwan Series A, Seed, Angel Software, Manufacturing, Medical $162k–$22M
Atom Ventures
VC Fund
2 China, United States Angel, Seed, Series A Manufacturing, Software, Education $142k–$29M
China Equity
VC Fund
2 China, United States, Canada Series A, Series B, Series C Software, Information Technology, Health Care $1.4M–$162M
JD Digits
VC Fund
2 China Series A, Series B, Angel Information Technology, Software, Hardware $434k–$50M
Gobi Partners
VC Fund
2 China, Malaysia, Hong Kong Series A, Seed, Series B E-Commerce, Financial Services, Internet $450k–$43M
YF Capital
VC Fund
2 China, United States, France Series A, Series B, Series C Biotechnology, Health Care, Software $10M–$818M
SIG China (SIG Asia Investments)
VC Fund
2 China, United States, Japan Series B, Series A, Series C E-Commerce, Software, Information Technology $3M–$150M
Jiangboya Instrument Accessories
VC Fund
2 China Series A, Angel, Seed Sports, Media and Entertainment, Video $436k–$3.1M
Toutoushidao Capital
VC Fund
2 China Series B, Series A, Seed Media and Entertainment, E-Commerce, Internet $869k–$23M
Gaorong Capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed Information Technology, Software, Artificial Intelligence $2.8M–$120M
Heyi Capital
VC Fund
2 China, Hong Kong, United States Seed, Angel, Series A Blockchain, Music, Video $110k–$5.3M
Ping An Ventures
VC Fund
2 China, United States, Israel Series A, Series B, Angel Health Care, Biotechnology, Medical $425k–$100M
Tengxun Touzi
VC Fund
2 China, Switzerland Series A, Angel, Series B Information Technology, Software, Gaming $425k–$62M
K2VC
VC Fund
2 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $425k–$38M
Ceyuan Ventures
VC Fund
2 China, United States, Singapore Series A, Series B, Angel Internet, Software, E-Commerce $425k–$30M
BW Ventures
VC Fund
2 China Angel, Seed, Series A Software, Apps, Social $142k–$4M
SkyChee Ventures
VC Fund
2 China, United States, Hong Kong Seed, Series A, Angel Artificial Intelligence, Software, Information Technology $425k–$29M
ZSVC
VC Fund
2 China, United States, India Series A, Seed, Series B Manufacturing, Medical, Health Care $1.4M–$84M
Wuhan Optics Valley Elite Investment Management
VC Fund
2 China Series A, Angel, Series B Software, Information Technology, Artificial Intelligence $154k–$15M
Kinzon Capital
VC Fund
2 China Series A, Angel, Seed Robotics, Artificial Intelligence, Manufacturing $155k–$27M
Sinowisdom
VC Fund
2 China, Philippines, United States Series A, Series B, Angel Manufacturing, Health Care, Biotechnology $425k–$32M
CITIC Capital Holdings
VC Fund
2 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $3.2M–$230M
8 Decimal Capital
VC Fund
2 United States, Singapore, China Seed, Angel, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1M–$40M
2U
VC Fund
1
Zhenshun Jijin
VC Fund
1 China Angel, Series A, Seed Health Care, Internet, E-Commerce
Bertelsmann
VC Fund
1 United States, India, China Series B, Series A, Series C E-Commerce, Internet, Education
Sequoia Capital
VC Fund
1 United States, China, India Series B, Series A, Series C Software, Information Technology, Enterprise Software
Tsing Ventures
VC Fund
1 China Series A, Seed, Angel Manufacturing, Artificial Intelligence, Machine Learning
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Investor list

ZhenFund
VC Fund · Beijing, Beijing, China · 8 investments in China Social Media 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: 631
  • Round size: Seed $443k–$15M; Angel $425k–$5.8M; Series A $1.4M–$30M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Ehang — Ehang is a technology enterprise focused on R&D and production in airplane and aircraft field. With the combination of software and hardware techniques, it self-developed the communication and real-time viewing hardware and a smartphone operation system. Its product, Ghost, is accepted as the first truly smartphone app operated intelligentrobot, which is widely used in geographical information surveying, professional television aerial filming, roadshow displaying, disaster rescuing and delivery, surveillance and monitoring, and even expected to play important role in the future logistics areas.Ehang was founded in 2014 by makers from China, America, and Singapore who are enthusiastic about drone flying. The enterprise’s core members graduated from Tsinghua University, Peking University, and Duke University in America.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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GGV Capital
VC Fund · Menlo Park, California, United States · 6 investments in China Social Media 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: 847
  • Round size: Series A $5M–$66M; Series B $11M–$60M; Series C $15M–$150M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $147M in 2024

Portfolio highlights

  • CYGNUSEMI — Cygnus Semi is a semiconductor chip technology company that focuses on 5G IoT applications.
  • Startorus Fusion — Startorus Fusion focuses on developing and commercializing fusion energy technologies, aiming for controllable device miniaturization, commercialization, and fast iteration, integrating design, R&D, operation, and maintenance.
  • 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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NewMargin Ventures
VC Fund · Shanghai, Shanghai, China · 5 investments in China Social Media startups

NewMargin Ventures is a Chinese venture capital management company that supports emerging entrepreneurs.Founded in July 1999, NewMargin Ventures offers a unique and compelling combination of strong local and national government support within an organizational culture defined by independent decision-making, professionalism, and teamwork.NewMargin currently has about $520 million under management.

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Investment focus

  • Industry: Manufacturing, Information Technology, Internet
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 116
  • Round size: Angel $425k–$2M; Series A $1.4M–$15M; Series B $2.8M–$200M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely actively investing — fresh fund, raised $138M in 2025

Portfolio highlights

  • Okawa Electric — Okawa Electric is a supplier of core components for electric power-assisted bicycles.
  • SenseTime — SenseTime Medical is an AI healthcare firm that creates solutions for hospitals, research institutions, and the global medical market. Through its SenseCare platform, the company provides over 40 specialized AI modules and maintains strategic partnerships with organizations like Roche, Midea, and Ruijin Hospital to streamline patient services andmedical innovation.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 5 investments in China Social Media startups

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong in China, and Singapore.Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companiesin the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.

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Investment focus

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

Investor stats

  • Total investments: 1112
  • Round size: Series A $4.4M–$50M; Series B $8.5M–$88M; Series C $12M–$120M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2026

Portfolio highlights

  • Windward Bio — Windward Bio is a clinical-stage, drug development company committed to improving outcomes for people living with serious immunological diseases.
  • Guangjing Energy — Guangjing Energy specializes in the R&D and mass production of durable, large-area perovskite solar cell modules. They develops perovskite film printing technology with independent intellectual property rights and realized the preparation of large-area perovskite components.
  • Shennapsi Artificial Intelligence Technology — Synapsor is a medical-grade wearable device research and development company, oriented to the AI+ medical and health field, and is committed to the development and manufacturing of AI-powered medical-grade smart wearable devices, including AI-ECG artificial intelligence. Diagnostic analysis system, CUMS uric acid blood glucose and cholesterolmonitoring system, etc. The company has recently received tens of millions of yuan in Series B investment, and the investor is Xiaomi Technology.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 4 investments in China Social Media startups, 15 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 330
  • Round size: Seed $1.3M–$14M; Series A $1.5M–$32M; Series B $4M–$74M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • Gestala — Gestala is China’s first pioneer in ultrasound-based Brain-Computer Interface (BCI). We are dedicated to engineering a platform with full-brain read-write capabilities, offering transformative therapeutic modalities for neurological disorders. Beyond clinical impact, we aim to decode the neural code and pave the way for a symbiotic future wherebrain science and artificial intelligence converge.
  • Jiangxian Technology — Jiangxian Technology is a company focused on embodied intelligence, a field that integrates artificial intelligence with physical systems such as robots and smart devices, enabling machines to perceive, learn from, and interact with the real world in a more human-like and adaptive manner across applications like automation, healthcare, and advancedmanufacturing.
  • Ruilian Intelligent Computing — Ruilian Zhisuan is an AI computing infrastructure innovator that provides integrated hardware software solutions. Modeled after Google's Jupiter optoelectronic architecture, it features full stack OCS scheduling to replace traditional electronic switches with optical routing. This core technology drastically minimizes network latency andsystem power consumption for advanced AI calculation networks.
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IDG Capital
VC Fund · Beijing, Beijing, China · 4 investments in China Social Media 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: 1057
  • Round size: Series A $2.9M–$100M; Series B $7.1M–$115M; Series C $15M–$354M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • AIxCrypto — Qualigen is a biotechnology company focused on the development and commercialization of novel therapeutic products for the treatment of cancer and infectious diseases, as well as the expansion of its flagship FastPack® diagnostic platform.
  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Chengjia Apartment — Chengjia Apartment is a rental start-up that provides different product choices for apartments, hotels, and homestays. Chengjia Apartment extends the business scope to weekly rent, monthly rent, and long-term rent. The company creates a high-quality living environment with ingenuity, take care of every guest with hotel-style service, and creates awarm, comfortable, and temperature-friendly home.Chengjia Apartment is jointly established by China Living Hotel Group and IDG Capital. It has laid out nearly 100 properties in first-tier cities nationwide, with more than 10,000 houses and services.It was founded on 2015 and is headquartered in Shanghai, China.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 4 investments in China Social Media startups

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies.Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have goneon to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors.Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

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

Investor stats

  • Total investments: 622
  • Round size: Seed $1.6M–$74M; Series A $2.9M–$61M; Series B $10M–$137M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Lexin — LexinFintech Holdings is an online consumer finance platform for educated young adults in China. As one of China's leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company's Dingsheng online investment platform, and theCompany's Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of user funding requests with offers from the Company's more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions. By serving the credit needs of China's educated young adults, Lexin helps its more than 20 million registered users to enjoy a better quality of life through the use of better credit.
  • Camera360 — Camera360 is a professional but easy-to use App for photo editing and selfie retouching. Tag #camera360
  • Liepin — Liepin is the largest and most professional high-end talent community-based recruitment site, with its innovative products and unique service model model for create an interactive high-end talent recruitment platform between business, headhunting and workplace. Tens of thousands of professional executive search consultant for businesses and jobseekers set up communication between the bridge and accelerate corporate recruitment process, recommended paying jobs in the workplace, career development planning. 16 job seekers to avoid the risk of privacy protection, millions of high-end elite member libraries, help enterprises development needs.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 3 investments in China Social Media startups, 25 in the past 12 months

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

Investor stats

  • Total investments: 324
  • Round size: Series A $2.3M–$50M; Series B $14M–$130M; Series C $30M–$200M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • Meshy AI — The #1 3D GenAI platform—trusted by millions worldwide. The ONLY 3D AI tool featured in A16Z's 2024 AI Tools Survey.
  • Critical Aerospace — Critical Aerospace is a technology company that develops and manufactures AI-driven liquid rocket engines for commercial launch vehicles and aerospace propulsion systems.
  • Yongquan Innovation — Yongquan Innovation is a technological firm that specializes in sophisticated desktop CNC machinery.
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Crystal Stream Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Social Media startups, 10 in the past 12 months

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, Food and Beverage, Manufacturing
  • Stage:Series A, Seed, Series B
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 100
  • Round size: Seed $1.6M–$42M; Series A $1.5M–$30M; Series B $7.2M–$30M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • NK-Quantum — NK-Quantum is a quantum computing firm dedicated to the independent research, development, and engineering of underlying system architectures for neutral atom quantum computing.
  • Shumeiwuwu — Shumeiwuwu is a cross-border e-commerce company that provides quality goods and services to consumers through global shopping.
  • LatentVerse — LatentVerse develops a unified foundation model architecture combining vision-language models, world models, and real-time tactile feedback to enable robots to understand task intent and physically navigate unstructured environments.
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 3 investments in China Social Media 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: 143
  • Round size: Seed $1.4M–$28M; Angel $142k–$1.6M; Series A $1.4M–$15M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $153M in 2021

Portfolio highlights

  • Apex Laser — Apex Laser is a company that focused on the research and development of semiconductor laser equipment that offers laser processing solutions for materials that are ultra-thin, ultra-hard, brittle, flexible, or composite.
  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Xinghong Technology — Xinghong Technology focuses on the research, development, and manufacturing of CNC machine tools and core components, with its business spanning mechanical and electrical equipment, precision manufacturing solutions, industrial automation systems, and advanced machinery services for a wide range of industries.
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Sky9 Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Social Media startups, 14 in the past 12 months

Sky9 Capital is a leading venture capital fund dedicated to supporting disruptive technologies and outstanding innovators to drive change and create positive impact for the society, environment and individual lives.

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Investment focus

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

Investor stats

  • Total investments: 163
  • Round size: Seed $2M–$22M; Series A $10M–$31M; Series B $12M–$100M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • PhoenixAI — Grow your business with 3X greater analytics performance powered by StarRocks and backed by the enterprise support and features of CelerData
  • Flova Tech — Flova is an all-in-one AI video generator for creating cinematic videos. Its AI video agent turns your ideas into videos, audio, consistent characters, and editable footage.
  • Yuzhou Technology — Yuzhou Technology is focused on developing a global AI-powered video creation platform. Conversational agent technology automates the whole production process, from concept and scriptwriting to storyboarding and final cut, with a particular focus on addressing issues in narrative coherence and character consistency.
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CBC Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Social Media startups

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

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Investment focus

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

Investor stats

  • Total investments: 117
  • Round size: Series A $1.5M–$15M; Series B $7.3M–$50M; Series C $10M–$100M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • G7 — G7 has an installation base of 800,000 cargo vehicles throughout China. Through its proprietary hardware devices, the company is able to compile data for logistics companies and drivers on location, route optimization, fuel consumption, and cargo status (temperature, humidity, etc).
  • Robotphoenix — An industrial robot manufacturer in China
  • Kuntian New Energy — Hebei Kuntian New Energy is a producer of anode materials for lithium-ion batteries.
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SBCVC
VC Fund · Shanghai, Shanghai, China · 3 investments in China Social Media startups

Established in 2000, SB China Capital (SBCVC) is a leading venture capital and private equity firm that manages both USD and RMB funds. Their investment focuses on high-tech, high growth companies in TMT, clean technology, healthcare, consumer/retail, and advanced manufacturing sectors; and they invest across all stages of companies.Withextensive entrepreneurial and operating experiences, their professional and seasoned deal team members recognize the vision and champion the ideas of start-up companies. In addition to providing capital support, they help their portfolio companies realize their strategic and commercial potential by giving value-adding services and advices including planning, business development, recruiting and resources deployment.They have a proven track record and solid reputation in identifying high potential start-ups and creating successful industry-leading companies. Some of their spotlight portfolio companies are Alibaba, Taobao, Focus Media, GDS, BGI, Ankon, Di’an, and Edan.With their operational headquarters located in Shanghai and regional offices spread in Beijing, Shenzhen, Chengdu, Hangzhou and Taiwan, they have an extensive coverage of the greater China region and access to potential investment opportunities.

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Investment focus

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

Investor stats

  • Total investments: 131
  • Round size: Series A $2M–$31M; Series B $4.5M–$47M; Series C $10M–$105M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • UCaize — UCaize is a biopharmaceutical company that researches and develops novel medications for the treatment of blood cancers.
  • Hydrexia — Hydrexia is a leading integrated hydrogen technology solution provider with global presence. We specialize in providing technology solutions for hydrogen production, storage, transport, and applications.
  • Guoke Tanmei — Guoke Tanmei is a visionary enterprise focused on developing materials for carbon-based energy storage. It directs at application scenarios including base stations, two-wheelers, electric cars, industrial cars, and energy storage.
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Frees Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media 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: 229
  • Round size: Seed $1.4M–$14M; Angel $447k–$14M; Series A $1.4M–$35M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2015

Portfolio highlights

  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
  • Flysound — Flysound is a hearing technology company focused on making advanced AI-powered hearing aids affordable and accessible. Its products combine AI sound processing, Bluetooth connectivity, app-based personalization, and rechargeable convenience. With a focus on innovation, quality, and user-friendly design, Flysound aims to help people hear moreclearly and stay connected to everyday life.
  • Yanming Biology — Pyrotech pharmaceuticals is a biotechnology company that focuses om development for drugs for the treatment of inflammation and tumors.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Social Media startups

Shenzhen Capital Group Co., Ltd (“SCGC”) is a limited venture capital company established by the Shenzhen Government in 1999. Since its establishment, SCGC has focused on cultivating national industries, shaping national brands, promoting economic transformation, and emerging industries developing. SCGC has registered capital of 5.42 billion RMB,and a total AUM of 338.99 billion RMB. SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. By the end of April 2019, SCGC ranked the first based on the number of portfolio companies and the number of listed portfolio companies: 994 portfolio companies, investments totaling 43.9 billion RMB, 145 of which have been listed in 16 capital markets worldwide.

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Investment focus

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

Investor stats

  • Total investments: 601
  • Round size: Series A $1.5M–$128M; Series B $13M–$141M; Series C $4.4M–$156M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
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DT Capital Partners
VC Fund · Shanghai, Shanghai, China · 2 investments in China Social Media startups

DT Capital Partners is a private equity investment firm that provides growth capital to early and expansion stage companies. They invest in dynamic businesses that have high growth potential, strong management teams, and demonstrated revenue models in both technology-based and traditional industries. DT Capital Partners currently manages overUSD$500 Million in capital across multiple US dollar and RMB funds, and also has a close affiliation with Madrone Capital in the US, the investment entity for members of the Walton family.In addition to funds, the invested company also benefits from their extensive experience in operating capital markets across the country, close relationships with local governments and companies, and synergies with other investment companies.DT Capital Partners was awarded the “Top 10 China's Best Return Venture Capital Institution” in 2016, and the founding partners of Detong Capital, Shao Jun and Tian Lixin. DT Capital Partner was founded in 2006 and is based in Shanghai, China.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 145
  • Round size: Series A $1.4M–$30M; Series B $2.8M–$90M; Series C $15M–$102M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $286M in 2019

Portfolio highlights

  • Mojie — Mojie is a technology company that engages in the research and development of optics and AI solutions, known for its extensive development of various core technologies. The company operates research and development offices and high-end manufacturing bases.
  • Villanelle Life — Villanelle Life is a biotechnology company that specializes in creating AI drugs, early screening, and auxiliary diagnosis platforms to solve complex diseases.
  • Yincheng Intelligent — Yincheng Intelligent is an enterprise focused on developing new types of productivity. It is committed to revolutionizing traditional labor models through advanced embodied intelligence technology, thereby increasing productivity and freeing up human resources. The company provides services in multiple fields, including logistics, pharmaceuticals,chemicals, industry, and home services, building a new development pattern of smart work and smart living. Its main product is currently sorting robots used in the logistics industry.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 2 investments in China Social Media 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: Information Technology, Software, Internet
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 206
  • Round size: Angel $425k–$14M; Series A $429k–$15M; Series B $2.9M–$62M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Lianyue Network — Internet 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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Inke
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

Inke is a Chinese mobile app allowing users to watch live video broadcast on smartphones.

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Investment focus

  • Industry: Social, Hardware, Virtual Reality
  • Stage:Seed, Series A, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 7
  • Round size: Series A $1.4M–$25M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Mozhe — Mozhe is a content-based social interaction platform.
  • Dream Glass — Dream Glass is a research and development manufacturer of AR smart glasses.
  • Dream Glass — Dreamworld is a smart glasses intended for portable and private AR entertainment. The company designs portable glasses that provide ultra-high-definition personal cinema and gaming experiences anytime and anywhere, enabling customers to enhance their entertainment.
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GSR Ventures
VC Fund · Palo Alto, California, United States · 2 investments in China Social Media 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: 465
  • Round size: Seed $2M–$10M; Series A $2.2M–$35M; Series B $6.9M–$70M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Seeo — Daftar akun togel resmi bisa melalui via dana, ovo, gopay, linkaja kami juga menyediakan berbagai link togel terpercaya seperti bo togel hadiah 2d 200rb, bandar togel hadiah 4d 10 juta terpercaya, situs togel resmi dan terpercaya, agen togel terpercaya, daftar bandar togel terbesar dan terpercaya, bandar togel terbesar, situs togel prize 123, bo togel bolak balik dibayar dan banyak lainnya yang kami sediakan untuk pencinta link togel resmi di Indonesia.
  • C3Nano — C3Nano is the developer of the solution-based, transparent conductive inks and films as direct replacements for indium tin oxide (ITO). C3Nano is the performance leader in Transparent Conductor Films (TCFs) and Activegrid silver nanowire (AgNW) solution-based inks for the touch sensor and display industry. They have raised $37 million in funding todate, which has enabled the company to quickly achieve best in class ink formulations and expanded production capabilities. C3Nano is headquartered in Silicon Valley with an industry-leading manufacturing base in Korea.Founded in 2010, it is headquartered in Hayward, California.
  • KUN — KUN provides all-inclusive digital payment solutions for Web2 and Web3 enterprises.Its services include seamless on/off ramp solutions, developing markets-focused integrated payment systems, and cryptocurrency-enabled virtual and real card solutions.
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Artesian VC
VC Fund · Melbourne, Victoria, Australia · 2 investments in China Social Media startups

Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff. Since 2004,Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets. In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai. In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, Hong Kong

Investor stats

  • Total investments: 619
  • Round size: Seed $65k–$4.6M; Pre-Seed $70k–$553k; Series A $2.3M–$15M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $36M in 2023

Portfolio highlights

  • CUZIN — CUZIN is your global shopping family. A community marketplace enabling members to purchase any product worldwide by leveraging other members’ buying access or advantages.Members post requests for any product they want from anywhere in the world. Online or offline, specialist boutiques/clearance outlets and sales. This request is pushed to'cuzins' best placed (geographically or commercially) to purchase the item on their behalf. Cuzins earn a tip for helping out!In addition to accepting a shopping request, any cuzin can instantly monetise being in the right place at the right time posting a purchase opportunity, which is pushed to interested members worldwide. Shopping, shipping, social. Sorted. CUZIN provides the social and logistics platform to facilitate the matching, communication, payment and shipping of the items we love worldwide.
  • Vaulta — Vaulta is a battery casing technology company based in Brisbane, Australia. Using advanced composite materials and smart, streamlined design, Vaulta has developed a lighter and smaller battery case with fewer parts, creating scalable efficiencies and opportunities for manufacturers. Vaulta founder and director Dominic Spooner has over 12 yearsexperience as a design engineer, and has worked in a range of industries, including renewables and batteries, defence and aerospace, consumer products, commercial products and startups. While working in battery design, Dominic saw firsthand that opportunities for growth were being overlooked in favour of continuing with the status quo – and that’s when the idea for Vaulta was born.Vaulta’s world-first no-weld design means modules can be easily assembled and disassembled, cells reused and recycled, and new cells added as battery technology continues to evolve.From stationary storage and electric vehicles to defence, aerospace and beyond, Vaulta’s battery case technology works wherever batteries do.
  • Andromeda Robotics — At Andromeda, our personalised robot companions are helping Australian aged care teams bring joy and connection to residents to improve wellbeing.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Tencent
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Social Media startups

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 848
  • Round size: Series A $3M–$200M; Series B $15M–$256M; Series C $23M–$418M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • BYJU'S — BYJU’S is a global ed-tech company that provides highly adaptive, engaging, and effective learning solutions to more than 150 million students around the world. Founded in India in 2011, BYJU's mission is to make high-quality learning accessible to students everywhere.The BYJU's family of brands includes Disney-BYJU's Early Learn,BYJU's FutureSchool, Epic!, Osmo, Tynker, Toppr, and WhiteHat Jr., along with the company’s beloved flagship product, BYJU's: The Learning App. Together, BYJU's solutions support pre-K–12 education and a wide range of competitive exams.BYJU’S delivers a world-class learning experience with tools that sit at the crossroads of mobile, interactive content, and personalized learning methodologies. Byju's geography-agnostic solutions and 12,000+ teachers make learning engaging with visual and contextual programs that adapt to the unique learning style, skill level, and pace of each student. In addition, BYJU’S has innovative partnerships with some of the world's largest companies, including Disney and Google, to drive engagement and help even more students become active and lifelong learners.BYJU’S is backed by blue-chip investors including the Chan-Zuckerberg Initiative, Sequoia Capital, Bond Capital, Silver Lake, BlackRock, Sands Capital Management, Alkeon Capital Management, Sofina, Verlinvest, Tencent, Prosus (previously Naspers Ventures), CPPIB, General Atlantic, Tiger Global, Qatar Investment Authority, Owl Ventures, Lightspeed Venture Partners, Times Internet, Aarin Capital, and IFC. Since 2017, BYJU’S has completed more than 15 acquisitions, including companies in the U.S., UK, Austria, India, and Singapore. A 2021 Time 100 Most Influential Company, BYJU’S is headquartered in India, with operations in more than 21 countries globally and learning programs in more than 8 languages.
  • Utaite — Utaite is an operator of an entertainment platform that focuses on planning, production, and development of entertainment content.
  • VIPKID — VIPKid is a global education technology company that connects children with the world’s best teachers for real-time online English immersion learning.VIPKid’s mission is to inspire and empower every child for the future. VIPKid envisions a global classroom that empowers students and teachers through personalized learning, connection of culturesacross the world and the passion for lifelong learning. It believes that education is not one-size-fits-all, rather, all students are unique and the world is within their reach when connected with great teachers capable of personalizing learning and sparking curiosity.Founded in 2013 and formally launched in 2014, VIPKid has become China’s market-leading online education startup, attracting investment from Tencent, Coatue Management, Sequoia Capital, Sinovation Ventures, Yunfeng Capital, Matrix Partners, Learn Capital, Northern Light VC and Bryant Stibel, among others. The VIPKid platform currently connects over 500,000 paying students with over 60,000 teachers in the US and Canada.
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PreAngel
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources.

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Investment focus

  • Industry: Internet, Software, Blockchain
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Switzerland

Investor stats

  • Total investments: 104
  • Lead/follow: no public data

Portfolio highlights

  • Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
  • X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
  • Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform
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Zhonglu Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Social Media startups

Zhonglu Capital is a China-based private investment firm founded in 2015.The firm is specializing in technology, media, and technology, local lifestyle, social network, internet finance, and e-commerce sectors.

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Investment focus

  • Industry: Software, Manufacturing, Medical
  • Stage:Series A, Seed, Angel
  • Geography: China, Taiwan

Investor stats

  • Total investments: 18
  • Round size: Seed $429k–$1.5M; Angel $425k–$2M; Series A $162k–$22M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Mandian Future — Mandian Future is established in the end of 2018. It mainly develops smart charging/changing cabinets, batteries and two-wheel electric vehicles (including electric vehicles, motor vehicles, professional take-out cars and professional express vehicles, etc.), and provides sales, leasing and related products. Aftermarket service. At present,the company will mainly do To B business in the future, cooperate with take-out and courier companies, rent or sell two-wheel electric vehicles, and provide charging and replacement services for the riders. In addition, they will receive income through value-added services such as “after-sales first aid kit service” and “customized vehicle sharing”. Later, the company also plans to do To C business, put the charging and replacing cabinets in the community, covering 3-5 kilometers of electric vehicle users around.
  • Saiyou Education — Saiyou Education is an international intermediary education service provider.
  • New Cloud Medical — New Cloud Medical is the leading pain specialist medical association in China. It relies on the national key specialists, the Sino-Japanese Hospital Pain Specialist Medical Association, the national telemedicine platform, the top hospital brand and the expert resource library, making full use of the advantages of international pain disciplines.Construction of national, provincial, municipal, and county pain cloud platform grading clinics. Providing pain-specific specialty treatments to city-level and county-level public secondary hospitals, creating city-level and characteristic pain departments, improving the level of pain specialist treatment, and building a professional and comprehensive network of consultation consultations and a long-term scientific operation system.
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Atom Ventures
VC Fund · Jingan, Shanghai, China · 2 investments in China Social Media startups

Atom Ventures is a venture capital firm specializing in start-up and early stage of investments. It prefers to invest in smart hardware, smart manufacturing, healthcare, internet, mobile internet, pan-entertainment, online to offline, B2B and consumption upgrade sectors.

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Investment focus

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

Investor stats

  • Total investments: 42
  • Round size: Seed $1.4M–$3M; Angel $142k–$1.6M; Series A $709k–$29M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Soloco — Execute long-running work with Claude Code and Codex as auditable, resumable task trees on your own machine and subscription. Your goals, files and outputs stay on your device.
  • Shoukou Technology — Shoukou Technology develops AI-powered reading software focused on scientific research. They create fast, accurate full-text translation and literature analysis tools, aiming to offer researchers efficient and convenient services.
  • Juqiang Intelligence — Juqiang Intelligent is a high-precision, long-distance, self-developed domestic high-performance laser sensor solution provider that uses dToF technology. Juqiang Intelligen use the dToF approach for mass manufacture of high-performance laser sensors, with some outperforming imported brands by 5-10 times.
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China Equity
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

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

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Series A $1.4M–$43M; Series B $3M–$162M; Series C $15M–$117M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • iSMARTWAYS — iSMARTWAYS provides core equipment and solutions for V2X connected vehicles and intelligent transportation.
  • Cadena — Looking to expand to the Gulf countries (Saudi Arabia, UAE etc.)? Cadena has a Local Sales Team in every GCC country and proprietary technology: Discovery Portal, BuyBeacon & IntelliContact for Low-Cost growth across the region.
  • iSmartWays — iSmartWays Technology is a technology company, engages in connected vehicle (V2X) and transportation technology. iSmartWays Technology specializes in research, development and manufacturing of connected vehicle hardware and software solutions.
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JD Digits
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

In November 2018, JD Finance was upgraded to JD Digital Technology, which consists of JD Finance, JD iCity, JD Nongmu, JD MO Media, and JD Shaodongjia.The business purpose of JD Digital Technology is to connect financial and physical industries with digital technology, help the industry to improve the level of Internet, digitization andintelligence, promote the development of the real economy and create social value.With the core technologies of data technology, AI and IoT as the core, JD Digital Technology has completed the comprehensive layout in the fields of digital finance, digital city, digital agriculture, digital marketing, digital campus, etc. In the future, JD Digital Technology will enter more real estate industries while deepening its existing business areas.Prior to rebranding, JD Finance was the financial technology arm of JD.com. It was established in 2013 to give individuals and businesses quick, easy and convenient access to the financial services they need. Leveraging JD.com ’s proprietary data resources, e-commerce expertise and industry-leading risk control systems, JD Finance offered sophisticated financial solutions in areas including financing loans, asset management, payment solutions and crowdfunding. With the JD Zhongchuang ecosystem, a holistic financial and market acceleration ecosystem, JD Finance connected early-stage enterprises with the financing and business development services they needed to grow.JD Finance had established seven major business lines: supply chain finance, consumer finance, crowdfunding, asset management, payment solutions, insurance and securities. It built up China’s leading financial technology ecosystem for enterprises and consumers and launched a range of innovative products, including Jingbaobei, Baitiao, JD Wallet, JD Finance APP, Xiaojinku, JD Microcredit and Xiaobailicai.Based on its core principle of creating long-term social value combined with its corporate values, including dedication, simplicity, perfection, synergy, innovation and user experience, JD Finance extended robust risk control capabilities and established a user-friendly customer account set up and maintenance system. By connecting financial institutions, including banks, securities firms, insurance providers, as well as JD Zhongchuang, JD Finance built a connected platform that integrates resources, reduces business costs and improves the efficiency of the industry as a whole.

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Angel $434k–$474k; Series A $1.5M–$4.7M; Series B $2.9M–$50M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Unimedia — Unimedia was established in 2008. It is a closed-loop commercial form operator of media communication, big data operation and new retail in China's road passenger transportation. At present, its business covers 21 provinces and 325 cities across the country. It has over 1000 controllable resource sites, nearly 10,000 LCD screens in thestation, and has completed 4 national land ports.
  • Linkfin Technology — Linkfin Technology is a management group-controlled startup company, was established in June 2017 with the investor Bertelsmann Asia Investment Fund. It has two foreign cooperative companies, including Zhonglian Huijie Information Technology Co., Ltd. with a registered capital of RMB 50 million; and China Enterprise Huitong International FinancialLeasing (Tianjin) Co., Ltd. with a registered capital of USD 50 million.
  • Smart Steps — Smart Footprint is a big data technology provider that collects mobile phone raw signaling data and mobile phone network basic data, and uses anonymous, aggregated, extrapolated network data to filter, analyze, and calculate, providing users with location-based insights. And big data related business.
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Gobi Partners
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 2 investments in China Social Media startups

Gobi Partners is an Asia-focused VC backing early to growth stage startups. US$1.6B AUM, 400+ companies, 75 exits. Strategic guidance, founder network available.

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Investment focus

  • Industry: E-Commerce, Financial Services, Internet
  • Stage:Series A, Seed, Series B
  • Geography: China, Malaysia, Hong Kong

Investor stats

  • Total investments: 407
  • Round size: Seed $450k–$8M; Series A $1.7M–$20M; Series B $5.5M–$43M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $1.3B in 2023

Portfolio highlights

  • Hermo — A beauty collection with the best deals. Official Flagship Store partner : Yadah, Bonanza, Redergen, SkinBasic Group, Bliv and etc
  • Yuan Planet — Youdi is a second-hand auto parts trading platform.
  • Camera360 — Camera360 is a professional but easy-to use App for photo editing and selfie retouching. Tag #camera360
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YF Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in China Social Media startups

Yunfeng Capital was established in January 2010. It is the only private equity firm in China set up by successful entrepreneurs, pioneers and industry leaders. Its goal is not merely to be a financial investor, but also to share the entrepreneurial experience with companies, helping them refine their development, organizational management and brandbuilding strategies.Yunfeng Capital places a special emphasis on young entrepreneurs, grooming future leaders to lead world-class enterprises. Yunfeng is the result of combining the Chinese first names of Mr. Jack MA (Yun), Chairman of Alibaba, and Mr. David YU (Feng), Founder of Target Media.In addition, there are more than 10 other co-founders, including Mr. Yu Zhu SHI, Chairman of Giant interactive group, Mr. Yong Hao LIU, Chairman of New Hope Group, Mr. Guo Jun SHEN, Chairman of Intime Investment, Mr. Yu Suo WANG, Chairman of ENN Group, Mr. Jason JIANG, Chairman of Focusmedia, Mr. Hang XU, Chairman of Shenzhen Mindray Medical, Mr. Yi Hong CHEN, Chairman of China Dongxiang(Group), Mr. Xin ZHOU, Chairman of E-House (China), Mr. Jian Guo WANG, Founder of Fivestar, Mr. Shao Xiong ZHOU, Chairman of Septwolves, Mr. Xu Ning WANG, Chairman of Joyong Holdings, Mr. You Cai ZHANG, President of Unifront Holdings.Yunfeng Capital is headquartered in Shanghai. Branch offices are located in Hong Kong, Beijing, Hangzhou, and other mainland cities.

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Investment focus

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

Investor stats

  • Total investments: 161
  • Round size: Series A $10M–$558M; Series B $18M–$260M; Series C $29M–$818M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • MatriQ
  • YUSUR Technology — ## Build Setup
  • NeueHCT — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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SIG China (SIG Asia Investments)
VC Fund · Shanghai, Shanghai, China · 2 investments in China Social Media startups

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China.SAI is a member ofthe Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research.SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 238
  • Round size: Series A $3M–$30M; Series B $9.5M–$93M; Series C $25M–$150M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2009

Portfolio highlights

  • xMEMS — xMEMS is driving the future of Edge AI with pioneering solid-state MEMS speakers and micro-cooling technology, delivering breakthrough silicon audio, fan-on-a-chip thermal management, and piezoMEMS innovations for AI wearables, intelligent eyewear, smart glasses, earbuds, headphones, mobile devices, and next-generation consumer electronics.
  • RapidBox — Rapidbox is ecommerce website for footwear and fashion accessories
  • Kabest Coffee — Kabest Coffee is a beverage manufacturing company that engages in the production and sales of coffee. The company also engages in brand management, wholesale of edible agricultural products, and sales of unprocessed nuts and dried fruits.
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Jiangboya Instrument Accessories
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

Entertainment Works is an investment firm that focuses on the entertainment and culture industry.

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Investment focus

  • Industry: Sports, Media and Entertainment, Video
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 16
  • Round size: Angel $436k–$2.9M; Series A $1.4M–$3.1M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Foodtopia — Foodtopia is a food company based in Hangzhou, China.
  • Score Sport — Score Sport is a sports company that provides badminton training service for children.
  • Young Beauty — Young Beauty is a beauty purchase cross-border B2B business platform.
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Toutoushidao Capital
VC Fund · Hangzhou, Zhejiang, China · 2 investments in China Social Media startups

Toutoushidao Capital is an investment Firm.

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Investment focus

  • Industry: Media and Entertainment, E-Commerce, Internet
  • Stage:Series B, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 55
  • Round size: Seed $1.2M–$15M; Series A $869k–$23M; Series B $2.9M–$20M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Shuwei — Shuwei is an indoor positioning services provider for mobile Internet platforms and smartphone manufacturers.Its technology is applied to shopping malls, train stations, office buildings, and restaurants. Shuwei also launched an open precision marketing platform that offers relevant content related to the vehicle, as well as information aboutsimilar cars.The Shenzhen, Guangdon-based company was established in 2014.
  • Wandian Travel — Wandian Travel is an AI-powered platform that helps travel agencies streamline marketing, online sales, data analysis, and service offerings.
  • Jihai Technology — Gadgets online shopping: get the best Smart home, Audio, Video, Car Gadgets and Electronic Gadgets at Online Gadgets Store - GadgetPlus.com
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 2 investments in China Social Media startups

Gaorong Capital is a venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies.

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Investment focus

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

Investor stats

  • Total investments: 340
  • Round size: Seed $2.8M–$81M; Series A $2.9M–$75M; Series B $14M–$120M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • Cascade — Cascade produces novel medications that target nuclear receptors for treating metabolic disorders and inflammation.
  • XPENG Robotics — Xpeng Robotics a Shenzen, China-based affiliate of XPeng Inc. and a key part of its mobility ecosystem dedicated to creating smart robots,
  • ALLYRNA Pharmaceuticals — ALLYRNA, an innovative small molecule drug developer focused on first-in-class drug development, has established a unique platform for radiotherapy and immunotherapy sensitizers.
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Heyi Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

Heyi Capital is an investment and marketing firm for early stage Chinese companies.

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Investment focus

  • Industry: Blockchain, Music, Video
  • Stage:Seed, Angel, Series A
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $1.5M–$2.8M; Angel $110k–$1.5M; Series A $1.5M–$5.3M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Zaker — Zaker they give services in content application, efficiency tools, and integrated business platforms that cover content application and management scenarios in different industries and, through the data governance, development, and application capabilities of the data platform, to create an intelligent content ecosystem for partners and realize theintelligent upgrade of content businesses.
  • Xinlian Times — Xinlian Times is an AIGC intelligent customer service platform that provides intelligent solutions based on AI-generated content to customers.
  • Sangan Video — Three sense video is an emotional story short video manufacturer, with emotional music as the entry point, the target audience is mainly after the 90s and 00s of the 1st and 2nd tier cities, trying to express a story through a popular song. Such as "confession balloon", "suddenly miss you", "slowly before" and so on.The content is about the emotional state of the young group.
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Ping An Ventures
VC Fund · Pudong, Shandong, China · 2 investments in China Social Media 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: 90
  • Round size: Angel $425k–$1.8M; 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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Tengxun Touzi
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Social Media startups

Tengxun Touzi is a investment firm.

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Investment focus

  • Industry: Information Technology, Software, Gaming
  • Stage:Series A, Angel, Series B
  • Geography: China, Switzerland

Investor stats

  • Total investments: 118
  • Round size: Angel $425k–$2.8M; Series A $1.4M–$16M; Series B $2.9M–$62M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • CCTC — Chaozhou Three-Circle (Group) Co., Ltd. (CCTC) was established in 1970. The company has been listed in Shenzhen Stock Exchange since 2014 (stock code: 300408). It is a comprehensive enterprise engaged in research and development, manufacturing and sales of electronic basic materials, electronic components and communication devices. Thecompany's products cover optical communications, electronics, electrical, machinery, energy conservation and environmental protection, new energy, biological and fashion applications. The company has been both awarded as “National High-tech Enterprise” and ranked top 10 among China’s top 100 electronic component enterprises for consecutive years. The main products are electronic components, semiconductor components, information and communication components and new energy components and system integration. Within these industries the sales volume of ceramic substrate for chip resistor and ceramic rod for resistor are one of the market leaders in the world.
  • 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.
  • ZAAN — ZAAN is intended to read contracts in the same manner as a senior associate, highlighting just those items that warrant a partner's attention and using referenced logic to connect each flag to its original source.
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K2VC
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups, 12 in the past 12 months

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, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 285
  • Round size: Seed $1.4M–$14M; Angel $425k–$7M; Series A $1.4M–$38M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fresh fund, raised $31M in 2025

Portfolio highlights

  • Quantex — Quantex is committed to focusing on the next generation of information technology and integrated circuit fields, and is dedicated to the in-depth research and development of 3.2T/6.4T photonic integrated chips (PIC), optical modules and CPO (co-packaged optics) solutions, leading the localization of high-end optical transmission chips.
  • XinYang Micro — Xinyangwei is an early stage underwater sensing chip startup specializing in CMUT (Capacitive Micromachined Ultrasonic Transducer) technology. The company provides integrated acoustic sensing modules and 3D imaging components designed to give pool cleaning robots intelligent near field path planning and mapping capabilities.
  • ChipSense Technology — ChipSense Technology is a semiconductor focused on developing high-performance chips for AI computing infrastructure. The company provides chip solutions that enable perception and efficiency management in AI computing centers, helping optimize resource utilization, operational efficiency, and intelligent management of large-scale AI computingclusters.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in China Social Media startups

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

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Investment focus

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

Investor stats

  • Total investments: 108
  • Round size: Angel $425k–$3M; Series A $1M–$22M; Series B $2.8M–$30M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $282M in 2012

Portfolio highlights

  • OKX — OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. With monthly Proof of Reserve releases, OKX is trusted by over 50 million global users. OKX is the fastest and most reliable crypto trading app for professional traders everywhere. - Buy, sell, and trade 350+ tokens with 100+ local currencies -Duplicate moves from top traders in the industry in just one click - Explore Web3 and take control of your crypto, NFTs, and digital assets with the OKX WalletWith its extensive range of crypto products and services, and unwavering commitment to innovation, OKX’s vision is a world where financial access is backed by blockchain and the power of decentralized finance.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
  • Vistar Optoelectronics — Vistar Optoelectronics is a provider of micro-LED displays that focuses on the research, development, and product implementation of micro-LED.
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BW Ventures
VC Fund · Chaoyang, Liaoning, China · 2 investments in China Social Media startups

BW Ventures is an investment firm.

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Investment focus

  • Industry: Software, Apps, Social
  • Stage:Angel, Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 23
  • Round size: Seed $142k–$1.5M; Angel $425k–$850k; Series A $1.5M–$4M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Fuulea — Fuulea is a high school tablet teaching system provider.
  • Julie AI — The first AI assistant that doesn't just understand you—it actually makes the calls, books the appointments, and gets things done while you live your life.
  • Mitu Huan Teng Technology — Mitu is a social platform for entertainment games, focusing on offline multiplayer entertainment games. With KOS (Key Opinion Sales) as the core, it provides consumers with online group buying and offline shopping. Play and other services.
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SkyChee Ventures
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

SkyChee Ventures focuses on Hardware as a Service investments that combine highly competitive Asian manufacturing capabilities with global software and talent to enable new business models and revenue opportunities. They create value by combining global markets with technology innovation and value-add services. They focus on early stage technologyenabled investment opportunities.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 38
  • Round size: Seed $3.1M–$10M; Angel $425k–$463k; Series A $1.5M–$29M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • DeePoon — DPVR is a virtual reality headset designer and manufacturer that makes cutting edge VR wireless and PC tethered headsets for gaming, training and education.
  • Future Box — Future Box is a provider of prefabricated industrial digital decoration solutions. It focuses on modular decoration and incorporates software R&D, design, supply chain, and overall installation and implementation services.
  • Moying Robotics — Moying Robotics is an enterprise that focuses on the development of mobile collaborative robots and application integration systems.
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ZSVC
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups, 16 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 144
  • Round size: Seed $1.4M–$4M; Series A $1.5M–$21M; Series B $2.8M–$84M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Tpson — Tpson is a Smart Hardware company.
  • Ounuo Semiconductor — Ounuo Semiconductor is a manufacturing company that provides research and development of semiconductor equipment.
  • HUAXI Technology — HUAXI Technology is a global leader specializing in the development and delivery of comprehensive, high-end smart elderly care solutions. By integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, the company is dedicated to enhancing the quality of life for seniors worldwide.
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Wuhan Optics Valley Elite Investment Management
VC Fund · Wuhan, Hubei, China · 2 investments in China Social Media startups

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

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Investment focus

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

Investor stats

  • Total investments: 53
  • Round size: Angel $154k–$602k; Series A $1.4M–$4.3M; Series B $2.9M–$15M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Polarisic — PolarisIC develops depth perception and low-light imaging chip products.
  • Shixin Materials — Shixin Materials conducts research and development, production and sales of carbon-ceramic composite materials and their products.
  • Feiling Optoelectronics — Feiling Optoelectronics is a technology company specializing in the supply of optical materials and specialty optical fibers. The company focuses on advanced manufacturing and preparation technologies for high-performance quartz materials used in optical fibers. Feiling develops innovative plasma-based processes to produce specialty optical fibersthat meet stringent industry requirements. Their products serve various sectors including telecommunications, industrial lasers, military, nuclear power, biomedicine, and energy. The company aims to enhance the localization and upgrading of optical fiber equipment and related preparation technologies to support high-end application markets. Feiling Optoelectronics is based in Wuhan, China, and is committed to advancing optical fiber technology through innovation and quality manufacturing.
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Kinzon Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Social Media startups

Kinzon Capital is a Chinese venture capital firm specialized in early- and expansion-stage, and growth capital investments. It is also demonstrated business model or technological innovation and focused on innovation in the post-mobile internet, innovative business models targeting consumers and enterprise / B2B services.Kunzhong Capital wasnamed TOP 20 Best New Generation VC Firms & Best Chinese Artificial Intelligence VC Firms and Newly Developing VC Investment Firm of the year 2018. It is based in Beijing, China.

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Investment focus

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

Investor stats

  • Total investments: 52
  • Round size: Seed $155k–$1.6M; Angel $431k–$27M; Series A $437k–$14M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Cedarobo — Cedarobo is an innovative enterprise dedicated to R&D and mass production in the field of embodied intelligence.
  • Daimeng Robot — Daimeng Robot is dedicated to creating multi-series general-purpose humanoid robot products that are actually commercially available and concentrate on their research and production. It offers a comprehensive selection of goods and cutting-edge answers for situations including intelligent manufacturing, logistics, and commercial services.
  • North Ocean Photonics — North Ocean Photonics is a Smart Hardware Company.
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Sinowisdom
VC Fund · Hangzhou, Zhejiang, China · 2 investments in China Social Media startups

Zhe Jiang Huarui Investment Management Limited, founded in 2002, is a Chinese domestic private investment venture capital management agency.

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Investment focus

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

Investor stats

  • Total investments: 75
  • Round size: Angel $425k–$727k; Series A $1.5M–$14M; Series B $2.8M–$32M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Naxau — Naxau is mainly engaged in the production and sales of coating solutions for manufacturing sector.
  • Guangyu Yuanxin — Guangyu Yuanxin is a semiconductor technology service provider that specializes in offering ultra-high precision display screen services for metaverse HMI devices like AR and VR.
  • Garen Semiconductor — Garen Semiconductor focuses on the R&D, production and sales of semiconductor materials (such as gallium oxide).
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CITIC Capital Holdings
VC Fund · Central, Hong Kong Island, Hong Kong · 2 investments in China Social Media startups

CITIC Capital Holdings is an alternative investment management and advisory company headquartered in China.

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Investment focus

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

Investor stats

  • Total investments: 104
  • Round size: Series A $3.2M–$230M; Series B $7.2M–$50M; Series C $10M–$220M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2018

Portfolio highlights

  • Genta Kyushu Bio — Genta Kyushu Bio is a cutting edge biotechnology company specializing in the development of precision neuro circuit therapies for central nervous system and ophthalmic diseases. The firm leverages its high throughput screening and drug development platforms to advance innovative treatments utilizing chemogenetics, optogenetics, and gene therapies.
  • Healthy Tree — Healthy Tree is a comprehensive solution provider for self-medication devices.
  • Neolix — Neolix is a technologically innovative company that specializes in the production of physical and sports scenes. Neolithic Century Technology is an innovative design team. Committed to design research, industrial design, structural engineering, product customization, providing customers with creative value enhancement services. Service customersinclude Lenovo, Siemens, Midea, GE, State Grid, CSIC, Honeywell, Bank of China, Agricultural Bank, etc.
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8 Decimal Capital
VC Fund · San Francisco, California, United States · 2 investments in China Social Media startups

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

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Investment focus

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

Investor stats

  • Total investments: 54
  • Round size: Seed $1M–$4.7M; Venture - Series Unknown $4.9M–$40M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Nirvana — Nirvana is an AI-native financial infrastructure shaping the future of Agentic DeFi. - Redefining DeFi with AI Agents – Nirvana builds AI frameworks for DEFAI agents to maximize capital efficiency - AI-Native On-Chain Protocols – Empowering DEFAI agents with AI-native protocols to autonomously launch innovative financial instruments and optimizestrategies
  • Parallel Finance — Parallel Finance is a decentralized finance (DeFi) protocol that offers lending and staking services.
  • Parallel Finance — Parallel Finance is a Polkadot - based decentralized finance protocol that offers lending and staking services.
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2U
VC Fund · Hyattsville, Maryland, United States · 1 investments in China Social Media startups

At 2U, we deliver high-quality digital education at scale. With edX, our leading global online learning platform, we partner with non-profit universities and corporate partners to expand access to world class online education and unlock human potential.

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Investor stats

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

Portfolio highlights

  • Dyad.com — Dyad is a mentorship platform that has helped students earn over $27 Million in university scholarships.
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Zhenshun Jijin
VC Fund · Beijing, Beijing, China · 1 investments in China Social Media startups

Zhenshun Jijin is an early-stage investment fund.

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Investment focus

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

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Yeting — Yeting is a media company that specializes in the production of audio content.
  • Xiansu Song — Xiansu Song enables the operation analysis of catering businesses in a unified system through data permissions and customized account settings, abstractly producing the comparable data analysis needs of large catering outlets, executingvisual data analysis, ad hoc analysis, data queries, and real-time consumption data analysis. In order to reach arefined operation, the operation is directed to adopt comparable tactics in each connection.
  • Kuai Xing Fang — Just for health provides doctors with clinical drug decision-making services. Their products include clinical pharmacy management software, prescription risk monitoring software, and regional rational drug use software.
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Bertelsmann
VC Fund · Gütersloh, Nordrhein-Westfalen, Germany · 1 investments in China Social Media startups

Information about the international media enterprise and it's corporate divisions RTL Group, Penguin Random House, Gruner + Jahr, Arvato; detailed information for journalists in the Bertelsmann SE & Co. KGaA's Press Center as well as everything about Corporate Responsibility activities at Bertelsmann.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Scimplify — Scimplify is a B2B fulfillment platform that provides end-to-end procurement and production for specialty chemicals.
  • Astrix Health — Plug and play AI agents for healthcare organizations.
  • [cafeteria] — [cafeteria] allows individuals to influence businesses, get paid for opinions, and develop professional talents.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 1 investments in China Social Media startups, 89 in the past 12 months

We help the daring build We help the daring build legendary companies from idea to IPO and beyond. companies.

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Investment focus

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

Investor stats

  • Total investments: 1407
  • Lead/follow: no public data

Portfolio highlights

  • Strava — Strava is an online network where runners and cyclists can record their activities, compare performance, and compete with their community.Founded in 2009, millions of athletes have joined Strava for the competition and camaraderie found in tracking and sharing their fitness activities. The company’s free mobile apps and website help membersdiscover and plan workouts, record and share activities, and analyze and compare performance. Strava’s ability to connect athletes around the world makes fitness a more social experience, providing extra motivation even when training alone.
  • Nuvo — Onboard customers through configurable, high-converting branded experiences that accelerate credit approvals, unlock revenue, and reduce fraud.Nuvo replaces manual credit forms with AI-powered application flows, real-time business and principal identity verification, and embedded credit insights—enabling confident decisions that protect and growyour business. Designed for complex trade partnerships, Nuvo is the B2B commerce platform trusted and preferred by 40,000 businesses.
  • Reflect Orbital — Reflect sells sunlight from space.
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Tsing Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Social Media startups

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

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Investment focus

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

Investor stats

  • Total investments: 34
  • Lead/follow: no public data

Portfolio highlights

  • Tuduoduo — Tuduoduo is a B2B e-commerce transaction services of raw materials/industrial products, digital supply chain services, industrial digital services, and industrial big data services as its business-main body, and is committed to promoting new technologies such as the Internet, Internet of Things, big data, intelligent manufacturing, andblockchain. Deep integration with traditional industries.
  • Advanced Solar Power — Advanced Solar Power develops advanced cadmium telluride (CdTe) based thin-film technology for solar PV applications. The industrialization of technology, focusing on the research and development and production of cadmium telluride thin-film photovoltaic technology, successfully breaking the foreign technology monopoly, and taking the lead inrealizing the industrialization of completely independent research and development of cadmium telluride thin-film solar technology in China, and the battery efficiency has reached the excellent level at home and abroad, and undertakes and Completed a subject of the "863 Program", and is the industry leader in the application of building photovoltaic integration.The company was founded in 2008 and is headquartered in Hangzhou City, Zhejiang Province, China.
  • 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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Social Media VC funding in China at a glance

Stats across 289 deals from 395 investors.

395
investors
in China Social Media startups
289
deals
in China Social Media startups
$3.1M
median round
in China Social Media startups
33%
lead investors
lead at least one round
29%
Series A
most common funding stage

Access all 395 VC funds in China Social Media startups.

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