DCM Ventures

DCM Ventures is a venture capital firm based in Menlo Park, California, with offices in Silicon Valley, Beijing, and Tokyo. Established in 1996 as Doll Capital Management, the firm focuses on software, consumer and digital media, mobile, communications, and related technology sectors, investing in early-stage companies and growth opportunities across the United States, China, and Japan. DCM Ventures backs portfolio companies in consumer, enterprise, health tech, fintech, and deep tech, offering hands-on operational guidance and access to a broad network of business and financial resources. The firm emphasizes the discipline of its partners, each with extensive investing and operational experience in building hyper-growth startups into large-scale businesses. Across ten funds totaling roughly $4.0 billion, DCM has made investments in more than 400 technology companies, supporting entrepreneurs as they scale and commercialize innovative technologies worldwide.

Ibrahim AlSuwaidi

Investor

Nan Bai

Principal

David Chao

Co-Founder and General Partner

Binghao Cheng

Venture Partner

Kenichiro Hara

Principal

Past deals in Beijing

Panda Selected

Series C in 2019
Panda Selected is a life service operator focused on the catering industry, established in 2016 and based in Beijing. The company provides shared kitchen services, helping restaurants reduce overhead expenses by offering integrated solutions that include commercial real estate, operation management, supply chain support, and brand promotion. This enables restaurants to set up kitchens dedicated to delivery orders while sharing facilities with other businesses, thereby improving their cost structures.

Panda Selected

Series B in 2018
Panda Selected is a life service operator focused on the catering industry, established in 2016 and based in Beijing. The company provides shared kitchen services, helping restaurants reduce overhead expenses by offering integrated solutions that include commercial real estate, operation management, supply chain support, and brand promotion. This enables restaurants to set up kitchens dedicated to delivery orders while sharing facilities with other businesses, thereby improving their cost structures.

Lanjinrong

Series C in 2018
Lanjinrong is a Beijing Based Fintech Start Up.

Kuaishou Technology

Series E in 2018
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Kuaishou Technology

Series D in 2017
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Leapstack

Series A in 2017
Leapstack is an insurance technology company founded in February 2016 and headquartered in Shanghai, with additional offices in Beijing and Nanjing. The company specializes in big data artificial intelligence solutions tailored for commercial insurance providers and social security management agencies. Leapstack develops a data analysis and management platform that enhances the insurance claims process by offering services such as risk control monitoring, post-medical reimbursement, and anti-fraud compliance identification. By addressing inefficiencies within the insurance industry, Leapstack aims to improve operational effectiveness and facilitate better decision-making for its clients.

Huixiaoer

Series B in 2016
Huixiaoer is an online platform based in Beijing, China, that specializes in booking meeting venues. Founded in 2014 by Liang Yang, the company focuses on facilitating the reservation of hotels and conference venues for various events. Its platform is designed to streamline the process of organizing and managing social meetings, allowing clients to easily find and secure suitable locations for their gatherings. By offering a user-friendly interface and a range of venue options, Huixiaoer enhances the experience of event planning in China.

FXiaoKe

Series E in 2016
FXiaoKe is a Beijing-based company founded in December 2011 that specializes in developing a cloud-based sales management platform tailored for Chinese enterprises. The platform incorporates features of dynamic customer relationship management (CRM) and integrates seamlessly with enterprise WeChat, facilitating efficient collaboration among businesses, individuals, and systems. FXiaoKe’s software solutions support various management functions, including field operation management, distribution chain management, and customer relationship management, specifically targeting small and medium-sized enterprises. The platform is designed to enhance productivity by enabling users to manage sales through social interaction tools and offers online office automation services that facilitate information sharing between personal computers and smartphones. The company's focus encompasses a customer-centric approach with industry-specific strategies aimed at fostering growth in sectors such as high-tech, modern corporate services, fast-moving consumer goods, agriculture, and large-scale manufacturing.

FXiaoKe

Series D in 2015
FXiaoKe is a Beijing-based company founded in December 2011 that specializes in developing a cloud-based sales management platform tailored for Chinese enterprises. The platform incorporates features of dynamic customer relationship management (CRM) and integrates seamlessly with enterprise WeChat, facilitating efficient collaboration among businesses, individuals, and systems. FXiaoKe’s software solutions support various management functions, including field operation management, distribution chain management, and customer relationship management, specifically targeting small and medium-sized enterprises. The platform is designed to enhance productivity by enabling users to manage sales through social interaction tools and offers online office automation services that facilitate information sharing between personal computers and smartphones. The company's focus encompasses a customer-centric approach with industry-specific strategies aimed at fostering growth in sectors such as high-tech, modern corporate services, fast-moving consumer goods, agriculture, and large-scale manufacturing.

Kuaishou Technology

Series C in 2015
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

FXiaoKe

Series C in 2014
FXiaoKe is a Beijing-based company founded in December 2011 that specializes in developing a cloud-based sales management platform tailored for Chinese enterprises. The platform incorporates features of dynamic customer relationship management (CRM) and integrates seamlessly with enterprise WeChat, facilitating efficient collaboration among businesses, individuals, and systems. FXiaoKe’s software solutions support various management functions, including field operation management, distribution chain management, and customer relationship management, specifically targeting small and medium-sized enterprises. The platform is designed to enhance productivity by enabling users to manage sales through social interaction tools and offers online office automation services that facilitate information sharing between personal computers and smartphones. The company's focus encompasses a customer-centric approach with industry-specific strategies aimed at fostering growth in sectors such as high-tech, modern corporate services, fast-moving consumer goods, agriculture, and large-scale manufacturing.

Smart360

Series A in 2014
Smart360 is a Beijing-based company that specializes in providing customer relationship management (CRM) solutions specifically for the automotive industry. The company offers a mobile cloud computing platform that enhances sales, service, value chain management, and data management for automobile companies and car dealers. Smart360 develops tools and applications that facilitate business management for automotive 4S stores, including big data mining consulting services. Its primary products include Smart360, Ucar360, Yifengpai, and Piggy Auto, all aimed at improving sales revenue and profitability in the automotive sector.

Kuaishou Technology

Series B in 2014
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Smart360

Angel Round in 2014
Smart360 is a Beijing-based company that specializes in providing customer relationship management (CRM) solutions specifically for the automotive industry. The company offers a mobile cloud computing platform that enhances sales, service, value chain management, and data management for automobile companies and car dealers. Smart360 develops tools and applications that facilitate business management for automotive 4S stores, including big data mining consulting services. Its primary products include Smart360, Ucar360, Yifengpai, and Piggy Auto, all aimed at improving sales revenue and profitability in the automotive sector.

Ledongli

Series A in 2014
Ledongli is a Beijing-based company that specializes in the internet and digital media sector, focusing on online fitness solutions and wearable technology. The company develops an innovative fitness app that integrates with wearable devices, providing users with personalized fitness experiences and health tracking capabilities. By leveraging technology, Ledongli aims to enhance the fitness journey for its users, promoting healthier lifestyles through digital engagement and support.

Wandoujia

Series B in 2014
Wandoujia is a prominent mobile entertainment search engine based in Beijing, China, that significantly influences the mobile internet landscape. Established in 2010, the platform has been installed over 350 million times, with daily new installations surpassing 800,000. Wandoujia's extensive search index encompasses over one million options across various content categories, including apps, videos, ebooks, wallpapers, music, and themes, sourced from more than 130 content providers. The company has pioneered mobile search products that enhance user discovery and consumption of content. Additionally, Wandoujia has formed successful international partnerships that facilitate the entry of foreign applications into the Chinese market, collaborating with well-known developers such as Flipboard and Evernote. The company also publishes a monthly report titled "The Mobile Search Index," which highlights trends in mobile search within China. With a dedicated team of over 250 employees, Wandoujia continues to innovate in the realm of mobile applications and distribution.

Yidao Yongche

Series C in 2013
Yongche.com (易到用车网) is a Chinese domestic e-commerce website platform that enables users to book professional car reservation services online. Currently, Yongche.com has covered more than 24 cities, including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, and Hangzhou, and provides customers with medium and high-end types of cars with multiple services of hourly rental, airport pickup and drop, day rental, half-day rental, and hot travel routes, and has a store of more than ten thousand vehicles.

Uxin

Series A in 2013
Uxin Limited is a Beijing-based investment holding company that operates a used car e-commerce platform in China. Founded in 2011, Uxin provides a comprehensive suite of services through its Uxin Used Car and Uxin Auction applications. The Uxin Used Car platform offers consumers personalized car recommendations, financing options, title transfer, delivery, insurance referrals, and warranties. Meanwhile, Uxin Auction caters to business buyers by facilitating vehicle sourcing through online auctions. Additionally, Uxin supports used car transactions and connects buyers with third-party financing partners for their purchases. The company aims to streamline the used car buying process and enhance the overall customer experience in the automotive market.

Focusedu.cn

Venture Round in 2012
Focusedu.cn is an online educational platform established in 2011 and headquartered in Beijing, China. The company specializes in providing training and video-based learning materials aimed at assisting students in preparing for international competitive examinations such as TOEFL, GRE, and IELTS. By offering structured educational content, Focusedu.cn enables students to enhance their knowledge and skills, ultimately supporting their career advancement.

Xishiwang.com

Venture Round in 2011
A product of Beijing Naji Xishi Science and Technology Limited Company, Xishiwang.com (喜事网) is a wedding banquet reservation website that is focused on an e-commerce platform for services such as wedding banquet reservation, overseas weddings and wedding mall. The information includes field information, supporting information, reservation procedures and service standards. It has developed the first customer management and service system of the domestic wedding industry, and offers professional, efficient, and accurate services to wedding users while relying on a systematic and standard service system. Xishiwang.com has integrated more than ten thousand wedding venues in dozens of cities nationwide, covering diverse categories, such as starred hotels, social catering and wedding clubs.

Happy Elements

Series B in 2011
Happy Elements is a prominent interactive entertainment company based in Beijing, founded in 2009. With nearly 600 employees and additional offices and R&D centers in Shanghai, Tokyo, Kyoto, and San Francisco, the company specializes in mobile gaming, comics and animation, and virtual idols. It has garnered a significant user base, boasting over 150 million monthly active users. Happy Elements is recognized for its successful titles such as "Anipop," which is the leading casual game in China, and "Ensemble Star!," a popular male idol game and virtual idol group in Japan. The company is currently focused on integrating advanced AI technology into its gaming products to enhance user experience and fulfill its mission of bringing happiness to users worldwide.

AutoRadio

Venture Round in 2011
AutoRadio is a private company based in Beijing, China, founded in 2007. It specializes in radio advertising operations, providing both radio ad operating and agency services. AutoRadio operates several prominent radio stations, including Guangzhou Traffic Radio FM106.1, Sichuan Traffic Broadcast FM101.7, Xi’an Traffic and Tourism Broadcast FM104.3, and Hefei Traffic Broadcast FM102.6. The company's flagship program is the nationwide car radio show "Ai Che Tian Tian Hui," which is accessible in 200 cities across China. AutoRadio has established partnerships with over 300 channels from 200 radios nationwide and is a member of the China Mainstream Automobile Media Alliance.

La Miu

Seed Round in 2011
La Miu is a Beijing-based e-commerce platform specializing in women's lingerie and related apparel. Founded in 2008, the company provides a diverse range of products, including bras, panties, sleepwear, body shaping garments, and loungewear, as well as accessories such as socks and garters. La Miu operates as a subsidiary of Unlimited Brands Ltd. and focuses on delivering fashionable and high-quality undergarments. The brand has gained recognition for its commitment to design and rapid product updates, positioning itself as a leading name in the competitive Chinese lingerie market. With a user-friendly online platform, La Miu enables customers to conveniently select and purchase items that suit their preferences.

Pharmaron

Series C in 2011
Pharmaron offers comprehensive research, development, and manufacturing services across drug discovery, preclinical, and clinical phases for small molecules, biologics, and cell & gene therapies.

Wandoujia

Series A in 2011
Wandoujia is a prominent mobile entertainment search engine based in Beijing, China, that significantly influences the mobile internet landscape. Established in 2010, the platform has been installed over 350 million times, with daily new installations surpassing 800,000. Wandoujia's extensive search index encompasses over one million options across various content categories, including apps, videos, ebooks, wallpapers, music, and themes, sourced from more than 130 content providers. The company has pioneered mobile search products that enhance user discovery and consumption of content. Additionally, Wandoujia has formed successful international partnerships that facilitate the entry of foreign applications into the Chinese market, collaborating with well-known developers such as Flipboard and Evernote. The company also publishes a monthly report titled "The Mobile Search Index," which highlights trends in mobile search within China. With a dedicated team of over 250 employees, Wandoujia continues to innovate in the realm of mobile applications and distribution.

Happy Elements

Venture Round in 2010
Happy Elements is a prominent interactive entertainment company based in Beijing, founded in 2009. With nearly 600 employees and additional offices and R&D centers in Shanghai, Tokyo, Kyoto, and San Francisco, the company specializes in mobile gaming, comics and animation, and virtual idols. It has garnered a significant user base, boasting over 150 million monthly active users. Happy Elements is recognized for its successful titles such as "Anipop," which is the leading casual game in China, and "Ensemble Star!," a popular male idol game and virtual idol group in Japan. The company is currently focused on integrating advanced AI technology into its gaming products to enhance user experience and fulfill its mission of bringing happiness to users worldwide.

58.com

Venture Round in 2010
58.com is a prominent Chinese classified advertisements platform that connects local merchants and consumers, allowing them to share information and advertise services within their communities. Launched in 2005 and based in Beijing, the platform serves as a for-profit equivalent of Craigslist in the United States, focusing on providing accessible and credible information to lower-income individuals and the unemployed. It offers a range of services, including targeted advertising, online marketing, and customer relations management. With a user base exceeding 50 million registered users and over 1 million daily posts, 58.com ranks as the leading local life service website in China. The company has expanded its presence to 32 cities and employs 6,500 staff members. Its marketing strategies encompass both online and offline channels, utilizing paid advertisements on search engines and traditional media to enhance visibility. Competitors in the space include Ganji.com and Baixing.com.

Beijing PingCo Technology

Series B in 2007
Beijing PingCo Technology Co., Ltd. (明致无限) is a professional Chinese high-tech company focused on the development of wireless internet applications for mobiles. The company’s major product, PingCo, is a mobile phone client software based on GPRS and includes features such as free text messages, calls, circles of friends, casual dating community, and new friends. PingCo supports more than 2000 types of mobile phones that include Nokia, MoTo, and Sony Ericsson, and is a terminal domestic software that is compatible with most mobile types.

Baike.com

Venture Round in 2007
Beijing Hudong Baike Internet Technology Co., Ltd., formerly known as Interactive Online (Beijing) Technology Co., Ltd., operates Baike.com, a prominent Chinese online encyclopedia. Founded in 2005 by Doctor Pan Haidong and based in Beijing, Baike.com serves as a collaborative platform where users contribute to a vast database of knowledge. As of January 2013, the site hosted over eight million entries across 50,000 categories, encompassing approximately 6.8 billion words and 7.21 million images. The website, initially called HDWiki, is designed to facilitate the sharing of information among millions of internet users, making it a significant resource in the realm of online encyclopedias in China.

Oriental Standard

Venture Round in 2006
Oriental Standard is a Beijing-based company founded in 2006, specializing in outsourcing services and multinational e-commerce solutions. With a strategic presence in Japan, the company has developed a comprehensive logistics network extending to markets in the United Kingdom and the United States. This network enables Oriental Standard to offer a robust range of services tailored to meet the needs of clients engaged in international commerce. By focusing on efficient logistics and outsourcing capabilities, the company aims to facilitate seamless cross-border trade and enhance the operational efficiency of its clients.

99Bill Corporation

Series B in 2006
99Bill Corporation is a China-based provider of third-party electronic payment services for enterprises and individuals. It offers online RMB payment acceptance, login, online bill payment, and cross-border mobile payments, and supports payments through international cards such as VISA and MasterCard as well as domestic and international bank cards. The company delivers bank and prepaid card processing, account top-ups, mass payments, data security, and online marketing services, including automatic reloads for online gaming operations. It maintains partnerships with major banks and payment networks, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, China UnionPay, Bank of Communications, and regional lenders such as CITIC Industrial Bank; technology and online services partners include NetEase, Ourgame, NetDragon, and Kingsoft. Founded in 2004, the company is headquartered in Shanghai and operates additional offices in Beijing and Guangzhou. Its platform aims to enable merchants and individuals to execute payments and integrate payment capabilities with related digital services.

99Bill Corporation

Series A in 2005
99Bill Corporation is a China-based provider of third-party electronic payment services for enterprises and individuals. It offers online RMB payment acceptance, login, online bill payment, and cross-border mobile payments, and supports payments through international cards such as VISA and MasterCard as well as domestic and international bank cards. The company delivers bank and prepaid card processing, account top-ups, mass payments, data security, and online marketing services, including automatic reloads for online gaming operations. It maintains partnerships with major banks and payment networks, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, China UnionPay, Bank of Communications, and regional lenders such as CITIC Industrial Bank; technology and online services partners include NetEase, Ourgame, NetDragon, and Kingsoft. Founded in 2004, the company is headquartered in Shanghai and operates additional offices in Beijing and Guangzhou. Its platform aims to enable merchants and individuals to execute payments and integrate payment capabilities with related digital services.

United Platform Technologies

Series A in 2003
United Platform Technologies is a China-based company that offers telecommunication services. It also provides its clients with communications solutions, information exchange, and information inquiry services. United Platform Technologies is headquartered in Haidian, Beijing.
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