# Top 50 Wine And Spirits VC (Venture Capital) Funds in China in June 2026 ## Hillhouse Investment - Type: VC Fund - Location: Changyang, Beijing, China - Relevant deals: 3 - Stages: Series B, Series A, Series C - Focus: Biotechnology, Health Care, Software Founded in 2005, Hillhouse is a leading global investment management firm, active across public equity, private equity, real estate and private credit. The firm invests over a long-term horizon and partners with exceptional entrepreneurs to deliver sustainable value creation for quality companies.Hillhouse is a full life-cycle private equityfirm, investing for the long term across opportunities in the healthcare, business services, consumer, and industrials sectors. The firm manages capital on behalf of global institutions such as non-profit foundations, endowments, and pensions. ## CPE - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Health Care, Manufacturing, Biotechnology CPE is a leading alternative asset manager, with asset classes spanning private equity, mezzanine and the public market. Founded in 2008 by a world class team of investment professionals and supported by over 200 domestic and international investors, CPE knows China like no one else and is a globally minded long-term value investor. The firm usesits sector expertise to generate deal flow and drive the value creation work during the post-investment stage. CPE follows a disciplined investment approach to preserve and grow its investors’ capital. The firm’s private equity portfolio of more than 100 companies is highly diversified by sector and stage of investment. CPE takes pride in its forward-looking investment philosophy and works hard to create value over the long-term for its investors and a better world. For more information, please visit www.citicpe.com. ## The Hina Group - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Series A, Angel, Series B - Focus: Health Care, Artificial Intelligence, Medical Since The Hina Group's founding in 2003, They have become one of China's leading cross border investment banking and private equity firms. They leverage Their international experience, world-wide network, and local expertise to help China's top enterprises realize their global aspirations while providing Their internationalpartners, investors, and clients with the means to capitalize on emerging opportunities in China.Their team of over 50 professionals cooperates through Their offices in Beijing, Shanghai, and San Francisco to generate value for Their clients and partners by integrating world-class financial advice with in-depth knowledge of the Chinese market. Furthermore, Their investment banking and private equity businesses work synergistically to help Their clients and portfolio companies reach their maximum potential. ## Source Code Capital - Type: VC Fund - Location: Chaoyang, Liaoning, China - Relevant deals: 2 - Stages: Series A, Series B, Series C - Focus: Software, Artificial Intelligence, E-Commerce 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. ## Dayone Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Battery, Manufacturing, Renewable Energy Dayone Capital is a multi-stage consumer specialist investment manager ## Matrix Partners China - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Series A, Series B, Series C - Focus: Health Care, Biotechnology, Software 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. ## Hejun Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 2 - Stages: Angel, Series A, Series B - Focus: Food and Beverage, Information Technology, E-Commerce Hejun Capital is a private equity and venture capital firm. ## kaoputou.com - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Angel - Focus: Food and Beverage, Catering, Restaurants kaoputou.com is a fund that focuses on an early investment in the catering industry. ## Wuliangye Yibin - Type: VC Fund - Location: Yibin, Sichuan, China - Relevant deals: 1 - Stages: Angel, Corporate Round - Focus: Manufacturing, Solar, Retail Wuliangye Yibin is a Chines liquor company that engages in the production and distribution of liquor and its related products. Through its subsidiaries, the Company also manufactures carbon and lactic acid and has operation in printing and packaging materials businesses. The company was founded on August 1997 and is headquartered in Yibin, China. ## Hanyin Innovation Equity Fund - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Winery, Wine And Spirits, Food and Beverage Hanyin Innovation Equity Fund is an investment fund. ## Linda Group - Type: VC Fund - Location: Chaoyang, Liaoning, China - Relevant deals: 1 - Stages: Seed - Focus: Wine And Spirits, Food and Beverage Linda Group is a large private enterprise that provides investment and financial services. ## Shunwei Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Manufacturing, Software, Internet Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices. ## IDG Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Software, Internet, E-Commerce IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders. ## Country Garden - Type: VC Fund - Location: Foshan, Guangdong, China - Relevant deals: 1 - Stages: Series B, Series C, Series A - Focus: Internet, Food and Beverage, Health Care Country Garden is a residential property management service provider. It provides property management services to residential apartments, multifunctional complex buildings, government and public facilities, industrial parks, highway service stations, and schools. It was founded in 1992 and is headquartered in Foshan, Guangdong. ## Guanfeng Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Series A, Seed - Focus: Tea, Business Development, Food Processing Guanfeng Yongyue Investment is an investment firm. ## Bit Origin - Type: VC Fund - Location: Yuzhong, Gansu, China - Relevant deals: 1 - Stages: Series A - Focus: Catering, Wine And Spirits, Food and Beverage Bit Origin is an emerging blockchain company managed by a group of experienced business builders across various industry spectrums. ## Beijing Shengchu Touzi Guanli Zixun Youxian Gongsi - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A - Focus: Sales, Manufacturing, Wine And Spirits Beijing Shengchu Touzi Guanli Zixun Youxian Gongsi is an investment firm that provides asset management and investment management services. ## Huaibin Chufeng Zixun - Type: VC Fund - Location: Henan, Henan, China - Relevant deals: 1 - Stages: Series A - Focus: Winery, Manufacturing, Wine And Spirits Huaibin Chufeng Zixun provides event planning, exhibition and consulting services. ## Yonghua Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Manufacturing, Health Care, Education Shanghai Chung Hua Investment Management Co., Ltd. is specialized in Yongjin Group's equity investment management platform. Total investment scale Chung Hua invest over 6 billion yuan, it has invested in more than 80 outstanding enterprises, of which more than 40 enterprises have been successfully listed. Currently Chung Hua investment teamcovering the major cities Beijing, Shanghai, Shenzhen, Xiamen, Hangzhou, Changsha, Chengdu, etc., and in many industries new energy, environmental protection, consumer goods, TMT, agriculture and other in-depth research team. ## Zhongnan Jituan - Type: VC Fund - Relevant deals: 1 - Stages: Angel - Focus: Sales, Industrial, Wine And Spirits Zhongnan Jituan is a private construction industry. ## Xin Yuanjing Youcheng - Type: VC Fund - Relevant deals: 1 - Stages: Angel - Focus: Manufacturing, Customer Service, Wine And Spirits Xin Yuanjing Youcheng is an investment firm. ## Zhongjin Huicai - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A - Focus: Winery, Brand Marketing, Wine And Spirits Zhongjin Huicai invests in new finance, new media, consumer upgrades, and more. ## Shanxi Heling Touzi guanli Co., Ltd. - Type: VC Fund - Location: Xian Shi, Shaanxi, China - Relevant deals: 1 - Stages: Series A - Focus: Manufacturing, Customer Service, Wine And Spirits Shanxi Heling Touzi guanli Co., Ltd. is an investment firm. ## Hankou Fund - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Winery, Wine And Spirits, Food and Beverage Hankou Fund is a domestic asset management and wealth management fund. ## Huaxin Investment - Type: VC Fund - Location: Wuhan, Hubei, China - Relevant deals: 1 - Stages: Seed - Focus: Customer Service, Wine And Spirits, Food and Beverage Huaxin Investment is engaged in investment in manufacturing and service industries; project investment management consulting and planning. ## Future Value Capital - Type: VC Fund - Location: Changning, Shanghai, China - Relevant deals: 1 - Stages: Angel, Seed - Focus: Hardware, Software, Automotive Future Value Capital specializes in equity investment and investment management services. ## Runwu Konggu - Type: VC Fund - Location: Haidian, Beijing, China - Relevant deals: 1 - Stages: Angel - Focus: Manufacturing, Customer Service, Wine And Spirits Runwu Konggu is an investment firm. ## Linzhang Xian Zhengtong Zichan Jingying Guanli Co., Ltd - Type: VC Fund - Location: Handan, Hebei, China - Relevant deals: 1 - Stages: Angel - Focus: Retail, Wholesale, Manufacturing Linzhang Xian Zhengtong Zichan Jingying Guanli Co., Ltd is an asset management company. ## Transfar Chemicals - Type: VC Fund - Location: Hangzhou, Zhejiang, China - Relevant deals: 1 - Stages: Seed - Focus: Food Processing, Wine And Spirits, Food and Beverage Transfar Chemicals develops, produces and markets a broad portfolio of specialty chemicals serving various industries such as chemical fibres, textiles, leathers, coatings, paper, plastics, etc. In addition, the group has downstream detergents, industrial and architectural coatings business in its portfolio. Transfar Chemicals has been in thechemicals industry for 30 years. With strong innovation and manufacturing facilities in China, the group closely collaborates with suppliers and customers in China, other regions in Asia, and now outside of Asia as well. The group envisages to become a global top expert in performance chemicals as stated in its vision. ## Zhidetong - Type: VC Fund - Location: Xian Shi, Shaanxi, China - Relevant deals: 1 - Stages: Angel - Focus: Manufacturing, Customer Service, Wine And Spirits Zhidetong is an investment firm. ## Daocin Capital - Type: VC Fund - Location: Hangzhou, Zhejiang, China - Relevant deals: 1 - Stages: Angel, Series A, Seed - Focus: Robotics, E-Commerce, Enterprise Daocin Capital is an early equity investment firm that focuses on early projects on new retail, internet of things, financial technology, new entertainment, Artificial intelligence, blockchain ecology and other fields.The company, Daosheng Capital, won the 2016 Top 20 China Equity Investing Institutions and the 2017 China Equity InvestingAgency. Qiang, 2018 China's top 30 investment institutions; won the 2017 "Golden Man Award" Hangzhou's top ten investment institutions, 2018 "Golden Mang Award" Hangzhou's top ten investment institutions.Daosheng Capital was registered as a private equity fund manager in China. ## Buhuo Ventures - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Angel, Seed - Focus: Food and Beverage, E-Commerce, B2B Buhuo Ventures invests in early and growing TMT and innovative consumer sectors. ## Bridge Capital China - Type: VC Fund - Location: Futian, Fujian, China - Relevant deals: 1 - Stages: Series A, Angel, Seed - Focus: Manufacturing, Electronics, Industrial Bridge Capital is a boutique investment firm focused on advanced manufacturing and new consumer sectors, including private equity investments, asset management and mergers and acquisitions. ## Shanghai Baoyu Zichan Guanli - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Angel - Focus: Sales, Industrial, Wine And Spirits Shanghai Baoyu Zichan Guanli is an asset management and investment consulting firm. ## Luyuan Dacheng - Type: VC Fund - Location: Suzhou, Jiangsu, China - Relevant deals: 1 - Stages: Angel - Focus: Sales, Industrial, Wine And Spirits Luyuan Dacheng is a capital investment and asset management firm. ## South China Venture Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Series A, Angel, Series B - Focus: Manufacturing, Health Care, Biotechnology South China Venture Capital is a private equity investment fund management as the main business of professional investment management organization. Under the jurisdiction of the three branch of the fund management company: Shenzhen South China Invsetment Management Co.Ltd, South China (Tianjin) Equity Investment Fund Management Co. Ltd., ShenzhenZhongnan Hongyuan Invsetment Management Co. Ltd. ## Huagai Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Angel - Focus: Health Care, Biotechnology, Medical Huagai Capital is a private equity investment firm that invests in start-up or growth companies in the areas of healthcare, TMT, and culture. ## C Ventures - Type: VC Fund - Location: Central, Hong Kong Island, Hong Kong - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Fashion, E-Commerce, Retail C Capital, established in 2017, is a leading private markets platform focused on Asia Pacific-centric investments with over US$1.2 billion AUM. ## Gaorong Capital - Type: VC Fund - Location: Wangjing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Information Technology, Software, Artificial Intelligence Gaorong Capital is a venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies. ## Ginkgo Gofar Group - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Series B, Angel - Focus: Internet, Video, Mobile Founded in 2003, Ginkgo Investment Group is a leading China private equity firm based in Shenzhen, within the close proximity of Hong Kong.Under fund manager and CEO Cliff Lin’s leadership, with a wealth of investment experience spanning across 27 years, the net asset value of Ginkgo has grown to RMB6.2bn in February 2016, from RMB32.6mn in April2003 with an impressive compound annual growth rate of 49.99%.The investment management professionals at Ginkgo has a wealth of experience in various sectors in China.Gingko strives to be the incubator and investor of choice for entrepreneurs who share the same vision. ## Tisiwi Ventures - Type: VC Fund - Location: Hangzhou, Zhejiang, China - Relevant deals: 1 - Stages: Seed, Angel, Series A - Focus: Health Care, Internet, E-Commerce The Angel Bay Venture Capital Fund was established in October 2010 and was established in Hangzhou, China. Angel Bay plans to invest hundreds of millions of RMB per year for industry Internet, artificial intelligence, consumer upgrades, new retail, big health, entertainment and social networking, internet finance, deep technology, and blockchain.Angel Bay's mission is to “make venture capital a better world” and help the real entrepreneurs change the world on a global scale. ## Innoangel Fund - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Angel, Seed, Series A - Focus: Artificial Intelligence, Manufacturing, Robotics Innoangel Fund is an investment firm that invests in early stage companies. ## Zhongqi Touzi - Type: VC Fund - Location: Ürümqi, Xinjiang, China - Relevant deals: 1 - Stages: Angel, Series A - Focus: Winery, Agriculture, Virtual Reality Zhongqi Touzi is an investment firm. ## Shanxi Qin Niongjiuye - Type: VC Fund - Location: Xian Shi, Shaanxi, China - Relevant deals: 1 - Stages: Angel - Focus: Manufacturing, Customer Service, Wine And Spirits Shanxi Qin Niongjiuye is an investment firm. ## Xinyang Development Investment - Type: VC Fund - Location: Xinyang, Henan, China - Relevant deals: 1 - Stages: Series A - Focus: Winery, Manufacturing, Wine And Spirits Xinyang Development Investment is an investment firm. ## Fuhai Yintao - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Angel - Focus: Manufacturing, Customer Service, Wine And Spirits Fuhai Yintao is an investment firm. ## Kerun Chuangtou - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Series A - Focus: Manufacturing, Customer Service, Wine And Spirits Kerun Chuangtou is an investment firm. ## China Capital Investment Group - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Angel, Series C, Series B - Focus: Health Care, Education, E-Commerce Founded in 1995 with approval granted by the State Administration for Industry, the China Capital Investment (Group) Co., Ltd. (‘CCIG’) is registered in Shanghai with a registered capital of CNY300 million.CCIG seeks to optimize its investment structure as well as enhance its economic growth and competitive edge by fully harnessing theopportunities unleashed by changes in the global economic structure and China’s economic transformation. To this end, CCIG focuses on industry investments and capital operations and manages its assets in a professional and investment-centered manner that is at the same time grounded in industry experience.Currently, CCIG involves a number of areas, including mining, healthcare, real estate, cultural tourism, Information Technology, energy, and finance and securities. With a strong asset structure and abundant operational cash flow, CCIG is slated to grow its financial strength, establish more quality investment programs, implement excellent management and tap on a strong pool of professional talents as its assets take more a more international profile. ## Missfresh - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Seed - Focus: Consumer, Manufacturing, Wine And Spirits MissFresh is an E-Commerce platform that specializes in high-quality fresh food. It sells daily grocery products through its mobile-based platform. It offers milk, dairy products, meat, seafood, fruits, and vegetables. MissFresh also sells eggs, vegetables, drinks, snacks, and other products online. ## Oriental Fortune Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, Manufacturing, Information Technology Shenzhen Oriental Fortune Capital Co Ltd. is a venture capital firm specializing investment in early venture, mid venture, late venture, emerging growth, Pre-IPO, mature, growth capital stage, mezzanine and new third board investments. The firm typically invests in financial services, telecommunication, new energy, consumer goods, medical treatmentand healthcare, life sciences, internet plus healthy lifestyle industry, logistics, energy technology, information technology, mobile innovation, media, movies and television, culture, pharmaceutical, biological medicine, renewable energy, retail, environmental protection business, consumption, new materials, new agriculture, advanced manufacturing, equipment manufacturing, culture, entertainment, and services. It seeks to invest in China focusing on Shenzhen, Shanghai, Beijing, Xi’an, and Wuhu. The firm also invests in Pearl River Delta region, Yangtze River Delta region, and Circum-Bohai-Sea region. For Pearl River Delta, it covers Guangzhou, Shenzhen, Foshan, Dongguan, Zhongshan, Zhuhai, Huizhou, Jiangmen, and Zhaoqing cities in China. For Yangtze River Delta, the firm covers Shanghai, Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Yancheng, Yangzhou, Zhenjiang, Taizhou, Hangzhou, Ningbo, Jiaxing, Huzhou, Shaoxing, Jinhua, Zhoushan, Taizhou, Hefei, Wuhu, Ma’anshan, Tongling, Anqing, Chuzhou, Chizhou, and Xuancheng cities in China. For the Circum-Bohai-Sea region, it covers Beijing, Tianjin, Shenyang, Dalian, Qingdao, Dandong, Yingkou, Panjin, Fuxin, Huludao, Chaoyang, Shijiazhuang, Baoding, Tangshan, Qinhuangdao, Cangzhou, Langfang, Chengde, Zhangjiakou, Handan, Xingtai, Dongying, Yantai, Weifang, Weihai, Rizhao, and Binzhou cities in China. The firm prefers to invest 20% of its portfolio to early stage, 40% to expansion stage, and 40% to Pre-IPO stage. Shenzhen Oriental Fortune Capital Co Ltd. was formed in November 2007 and is based in Shenzhen, China with offices in Shanghai, China; Beijing, China; and Wuhu, China.