Gaorong Capital

Gaorong Capital, established in 2013, is a Beijing-based investment firm specializing in early-stage technology ventures across the Asia-Pacific region. The firm's investors include prominent sovereign wealth funds, university endowments, and successful tech entrepreneurs from companies like Tencent, Alibaba, and Baidu. These investors bring valuable industry insights, entrepreneurial experience, and global perspectives to Gaorong's portfolio.

Ming Fu

Analyst

Rui Han

Partner

Bruce Lan

Senior Associate

Beilin Le

Managing Director

Xinhua Liu

Venture Partner

Xiaoyu Matthew Ma

Managing Director

Hu Shuo

Partner

Catherine Wang

Partner

Kun (Kevin) Yang

Partner

Bin Yue

Partner

Zicheng Zhao

Analyst

Tao ZHAO

Partner

Cheng (Bill) Zheng

Analyst

Pei Lan (Iris)

Analyst

Congyang (Gloria) Sun

Analyst

Past deals in Beijing

LibLib AI

Seed Round in 2024
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.

Sironax

Series B in 2022
Sironax is a clinical‑stage biotechnology company that develops therapies for age‑related degenerative diseases. The company focuses on mechanisms such as regulated cell death, neuroprotective pathways, and neuroinflammation, aiming to shift the treatment paradigm for these conditions. Its research includes apoptosis and other cell‑death pathways to create advanced pharmaceuticals for inflammatory and neurodegenerative diseases. Founded in 2017, Sironax is headquartered in Beijing, China.

Flexiv

Series B in 2020
Flexiv Ltd. is a robotics and artificial intelligence company that specializes in the development and manufacturing of adaptive robots, which integrate force control, computer vision, and AI technologies. Founded in 2016, the company is headquartered in Shanghai, China, with additional offices in Santa Clara, California, and various other cities in China. Flexiv's flagship product, RIZON, is designed for applications such as curved-surface processing, plugging, and assembly. The company serves a diverse range of industries, including automotive electronics, new energy, home appliances, consumer electronics, aerospace, and high-speed trains. Flexiv's robotic systems are engineered to operate in complex and unstructured environments, enabling businesses to automate industrial processes and enhance operational efficiency while safely collaborating with human workers.

UnionTech

Series A in 2020
UnionTech is a Chinese software company established in 2019, headquartered in Beijing, with a mission to foster an innovation ecosystem around Chinese operating systems. The company specializes in the development and provision of basic software, particularly focusing on operating systems and related solutions. It aims to deliver secure, stable, intelligent, and user-friendly operating systems tailored for various industries. UnionTech also develops software compatible with its Unity Operating System, which is based on Linux technology, enhancing users' access to efficient operating system capabilities. To support its operations, the company has established local technical support institutions, research and development centers, and software and hardware adaptation centers in cities such as Wuhan, Shanghai, Guangzhou, and Nanjing.

AIpark

Series C in 2020
AIpark, founded in 2015 and based in Beijing, China, specializes in parking services and artificial intelligent stereo garage solutions. The company offers innovative parking management systems, including AIpark City and AIpark One, which are designed to alleviate public parking challenges in urban areas and enhance parking efficiency for commercial buildings. By utilizing its proprietary visual recognition technologies, AIpark transforms traditional parking spaces into smarter, more efficient solutions for local governments and businesses. As a subsidiary of Intelligent Interconnection, AIpark is focused on improving the parking experience through advanced technology.

AIpark

Series B in 2019
AIpark, founded in 2015 and based in Beijing, China, specializes in parking services and artificial intelligent stereo garage solutions. The company offers innovative parking management systems, including AIpark City and AIpark One, which are designed to alleviate public parking challenges in urban areas and enhance parking efficiency for commercial buildings. By utilizing its proprietary visual recognition technologies, AIpark transforms traditional parking spaces into smarter, more efficient solutions for local governments and businesses. As a subsidiary of Intelligent Interconnection, AIpark is focused on improving the parking experience through advanced technology.

Benlai

Series D in 2019
Beijing Benlai Workshop Technology Co., Ltd. operates as China's largest online fresh grocery market, established in 2012 and headquartered in Beijing. The company specializes in selling a wide range of products, including fruits, vegetables, meats, seafood, dairy, snacks, and kitchen supplies, through its e-commerce platform. With over 25 million paying users across 550 cities, Benlai is committed to providing safe and high-quality food to households throughout China. It maintains a network of warehouses in key cities like Beijing, Shanghai, and Guangzhou, along with temperature-controlled logistics supply centers, ensuring efficient delivery of groceries to customers. The company employs approximately 2,700 people and has achieved significant revenue, reflecting its prominent position in the online grocery sector.

Danke Apartment

Series C in 2019
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Dingdong Maicai

Series A in 2018
Dingdong Maicai is a leading Chinese community-based online retail platform specializing in fresh produce, founded in 2014 and headquartered in Shanghai. The company focuses on enhancing the fresh food consumption experience through its technologically driven service model, which includes direct procurement from producers, efficient pre-warehouse distribution, and rapid home delivery within 29 minutes. It offers a wide range of products, including fresh vegetables, meat, seafood, and other daily necessities, accessible via the Dingdong Fresh app and mini-programs. Operating in major cities like Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou, Dingdong Maicai is recognized as one of the fastest growing on-demand e-commerce companies in China, supported by an extensive self-operated fulfillment network.

Dingdong Maicai

Series A in 2018
Dingdong Maicai is a leading Chinese community-based online retail platform specializing in fresh produce, founded in 2014 and headquartered in Shanghai. The company focuses on enhancing the fresh food consumption experience through its technologically driven service model, which includes direct procurement from producers, efficient pre-warehouse distribution, and rapid home delivery within 29 minutes. It offers a wide range of products, including fresh vegetables, meat, seafood, and other daily necessities, accessible via the Dingdong Fresh app and mini-programs. Operating in major cities like Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou, Dingdong Maicai is recognized as one of the fastest growing on-demand e-commerce companies in China, supported by an extensive self-operated fulfillment network.

Lingshouke.cn

Series A in 2018
Lingshouke.cn, based in Beijing, China, is an online news portal specializing in the retail industry. The company provides a range of content, including online retail news, original business reports, industry information, and in-depth production news. In addition to its publishing activities, Lingshouke.cn offers consulting services, content operations, and professional training tailored for enterprises within the retail sector. The company also generates revenue through display advertising, enhancing its presence in the retail information marketplace.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Dingdong Maicai

Seed Round in 2018
Dingdong Maicai is a leading Chinese community-based online retail platform specializing in fresh produce, founded in 2014 and headquartered in Shanghai. The company focuses on enhancing the fresh food consumption experience through its technologically driven service model, which includes direct procurement from producers, efficient pre-warehouse distribution, and rapid home delivery within 29 minutes. It offers a wide range of products, including fresh vegetables, meat, seafood, and other daily necessities, accessible via the Dingdong Fresh app and mini-programs. Operating in major cities like Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou, Dingdong Maicai is recognized as one of the fastest growing on-demand e-commerce companies in China, supported by an extensive self-operated fulfillment network.

Qianyu Islands

Series A in 2018
Qianyu Islands is the flagship brand of Beijing Beike Youjia Technology Co., Ltd., operating in the urban shared accommodation sector. Established in 2017, the company aims to enhance the traditional lodging experience by offering diverse options such as Japanese-style suites and hotel rooms tailored for a younger demographic. Qianyu Islands prioritizes quality, experience, and innovation, seeking to provide affordable and flexible accommodation solutions that cater to modern consumer preferences. By leveraging internet-based strategies, the company is redefining the mid-end urban accommodation market, focusing on delivering higher value and greater possibilities for its clientele.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Hot & Hot

Series B in 2018
Hot & Hot is one of the fastest growing on-demand food providers in China. The Company is the dominant leader in online crawfish retailer with over 50% market share in Beijing. With its proprietary supply chain technology, it is currently transforming the traditional restaurant business into a consumer centric online retail brand.

AIpark

Series A in 2017
AIpark, founded in 2015 and based in Beijing, China, specializes in parking services and artificial intelligent stereo garage solutions. The company offers innovative parking management systems, including AIpark City and AIpark One, which are designed to alleviate public parking challenges in urban areas and enhance parking efficiency for commercial buildings. By utilizing its proprietary visual recognition technologies, AIpark transforms traditional parking spaces into smarter, more efficient solutions for local governments and businesses. As a subsidiary of Intelligent Interconnection, AIpark is focused on improving the parking experience through advanced technology.

Alauda

Series B in 2017
Alauda, based in Beijing, China, specializes in providing cloud services that enable enterprise IT departments to drive continuous innovation through digital transformation. Its primary product is an Enterprise Container Platform, which delivers cloud-native capabilities and DevOps best practices. This platform helps businesses modernize application architecture, enhance developer productivity, and achieve operational excellence across various industries such as financial services, manufacturing, aviation, energy, and automotive. Alauda serves organizations undergoing digital transformation by offering strategic services tailored to their needs.

DeePhi

Series A in 2017
DeePhi Technology Co., Ltd., founded in 2016 and based in Beijing, China, specializes in developing deep learning artificial intelligence (AI) computing applications. The company focuses on creating automation flows for compression, compiling, and acceleration, achieving joint optimization between algorithms, software, and hardware. DeePhi Tech offers solutions for various terminals, from large servers to small mobile devices, utilizing a new processing unit called DPU for low-power, high-performance intelligent processing. Their technology is applied in neural network compression, compilation, processor design, and FPGA programming, serving industries such as drones, security surveillance, and cloud services. DeePhi Technology aims to provide efficient, convenient, and economical inference platforms for both embedded and server-side applications.

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.

5Lmeet

Series A in 2016
5Lmeet is a provider of co-working spaces based in Beijing, China, specializing in creating shared environments that foster community and collaboration among urban dwellers. The company has established its first center in the Dongcheng district, featuring a variety of lifestyle amenities including an open office area, a bookstore, a gym, a rooftop garden, restaurants, and event spaces. 5Lmeet aims to enhance the working experience by offering round-the-clock lifestyle services that cater to the diverse needs of its users, enabling them to work, dine, and socialize in a cohesive setting. Through its innovative approach to urban renewal and spatial reconstruction, 5Lmeet is committed to transforming the way people interact in shared spaces.

Ucommune

Series A in 2016
Ucommune is a flexible office space provider and manager headquartered in Beijing. It offers fully serviced, furnished workspaces with long-term, on-demand, and short-term leasing for freelancers, startups, small and medium-sized enterprises, and corporations. The company operates in China and internationally, including Singapore, New York City, San Francisco, and London, leveraging a member community and a platform to deliver workspace membership as well as marketing, branding, and related services.

Leapstack

Angel Round in 2016
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.

Alauda

Series A in 2015
Alauda, based in Beijing, China, specializes in providing cloud services that enable enterprise IT departments to drive continuous innovation through digital transformation. Its primary product is an Enterprise Container Platform, which delivers cloud-native capabilities and DevOps best practices. This platform helps businesses modernize application architecture, enhance developer productivity, and achieve operational excellence across various industries such as financial services, manufacturing, aviation, energy, and automotive. Alauda serves organizations undergoing digital transformation by offering strategic services tailored to their needs.

Roborock

Angel Round in 2015
Beijing Roborock Technology Co., Ltd. specializes in the design, research and development, and production of robotic home cleaners and other intelligent cleaning appliances. Founded in July 2014, the company is headquartered in Beijing, with additional research and development offices in Shanghai and Shenzhen. Roborock focuses on creating innovative solutions to address various household cleaning challenges, leveraging advanced technology to enhance the convenience of everyday life. The company markets its robotic vacuum cleaners primarily throughout China, collaborating closely with engineers, designers, and manufacturing experts to ensure quality and performance in its product offerings.

Huami

Series A in 2014
Launched in 2014, Huami is the top #1 wearable device company in the world, ahead of Apple and Fitbit, with over 50 million units sold. Huami's mission is to seamlessly connect biomechanical signals and daily activities with smart data services to promote healthy living and to make our lives easier. The product line of fashionable activity trackers and smartwatches under the Amazfit brand, including the Pace, Arc, Cor, Bip, Moonbeam and Equator, effortlessly track activity without sacrificing style. Huami is the exclusive provider of wearable technology for Xiaomi and maker of the Mi Band. Huami has raised $35 million from Sequoia Capital, Shunwei Capital Partners, Banyan Capital, Morningside Ventures and Xiaomi. The company is privately-held and headquartered in Beijing and and Mountain View, CA.

Beijing Qiandaibao Payment Technology

Series A in 2014
Beijing Qiandaibao Payment Technology Ltd. is a company specializing in the development, design, and manufacture of mobile point of sale payment technology products. Established in 2008 and headquartered in China, the company provides innovative solutions such as a smartphone plug-in for processing payments from mag-stripe cards. Its product range includes SIM-sticking cards, SD cards, smart keys, mobile-connecting card readers, and card-swiping mobile phones. Formerly known as Qiandaiwang (Beijing) Information Technology Co., Limited, Beijing Qiandaibao focuses on enhancing payment technologies to facilitate transactions in a mobile environment.

Alauda

Seed Round in 2014
Alauda, based in Beijing, China, specializes in providing cloud services that enable enterprise IT departments to drive continuous innovation through digital transformation. Its primary product is an Enterprise Container Platform, which delivers cloud-native capabilities and DevOps best practices. This platform helps businesses modernize application architecture, enhance developer productivity, and achieve operational excellence across various industries such as financial services, manufacturing, aviation, energy, and automotive. Alauda serves organizations undergoing digital transformation by offering strategic services tailored to their needs.

ThreePapas

Series A in 2014
Threepapas, established in Beijing, China in 2014, specializes in manufacturing air purifiers tailored for children's use. Their flagship product is an intelligent air purifier that detects PM 2.5 density and automatically adjusts its power based on real-time air quality, ensuring a safer environment for children. In addition to air purifiers, Threepapas develops smart technology products such as robots, augmented reality teaching aids, and toys, positioning itself as a brand dedicated to creating innovative solutions centered around children's health, education, and entertainment.

Mizhe.com

Series B in 2014
Mizhe.com is an e-commerce platform established in 2011 and headquartered in Hangzhou, China. The website specializes in providing discounts to shoppers across various Chinese e-commerce sites, collaborating with over 600 online retailers, including notable names like Tmall and Dangdang. Mizhe.com offers a user-friendly shopping guide that directs customers through referral links to popular platforms such as Taobao and Amazon China. Shoppers can access discounts of up to 50 percent on their purchases and discover additional coupons through Miquan.com, which is comparable to Groupon in China. With millions of registered users and hundreds of thousands of daily active shoppers, Mizhe.com has claimed sales exceeding 100 million RMB. The company received an investment of over $1.6 million from IDG Capital Partners during its Series A funding round in 2012.

Avazu

Series A in 2014
Avazu (Avazu艾维邑动) is a service provider of online advertising and digital marketing with its focus on globalized PC and mobile internet advertising. It is also focused on providing overseas promotion and marketing services for Chinese companies. The flow coverage of Avazu exceeds 100 billion per month, and its communication and promotions cover more than 130 countries and 85% internet users in the world. Avazu was founded in Germany in 2009 and headquartered in Shanghai in the same year. Avazu opened branches in Beijing, Tokyo, Amsterdam, Brunei and Hongkong in 2014.

Benlai

Series A in 2014
Beijing Benlai Workshop Technology Co., Ltd. operates as China's largest online fresh grocery market, established in 2012 and headquartered in Beijing. The company specializes in selling a wide range of products, including fruits, vegetables, meats, seafood, dairy, snacks, and kitchen supplies, through its e-commerce platform. With over 25 million paying users across 550 cities, Benlai is committed to providing safe and high-quality food to households throughout China. It maintains a network of warehouses in key cities like Beijing, Shanghai, and Guangzhou, along with temperature-controlled logistics supply centers, ensuring efficient delivery of groceries to customers. The company employs approximately 2,700 people and has achieved significant revenue, reflecting its prominent position in the online grocery sector.
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