Gaorong Capital

Gaorong Capital is a Beijing-based venture capital firm established in 2014. It specializes in investments across various sectors, including telecommunications, media, life sciences, cosmetics, and technology. The firm attracts a diverse range of investors, such as sovereign wealth funds, university endowments, family foundations, pension funds, and entrepreneurs, including founders and executives from notable companies. Gaorong Capital aims to leverage the expertise and networks of its investors to provide strategic support and resources to its portfolio companies, enhancing their growth and development in competitive markets.

Xiang Gao

Founding Partner

Rui Han

Partner

Beilin Le

Managing Director

Xiaoyu Matthew Ma

Managing Director

Kun (Kevin) Yang

Partner

Zhen Zhang

Founding Partner

Tao ZHAO

Partner

Past deals in China

Hashkey Group

Venture Round in 2025
HashKey Group is a comprehensive digital asset financial services company based in Hong Kong. It operates a regulated digital asset exchange and offers a wide range of services, including brokerage, custody solutions, venture capital, and asset management. The company aims to create a fully regulated global virtual asset ecosystem, catering primarily to institutions, family offices, and accredited investors. Its offerings include a Securities and Futures Commission-licensed exchange and an institutional-grade custody service, enabling secure settlement of digital asset transactions. Through its various services, HashKey Group provides innovative investment opportunities within the digital asset and blockchain sectors.

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.

BMSer Technoogy

Series C in 2024
Hangzhou BMSer Technology Co., Ltd., founded in 2012 and headquartered in Hangzhou, China, specializes in the development of battery management systems (BMS) with a focus on new energy solutions. The company operates under the principles of advanced technology and high quality, aiming to deliver efficient energy management and maintenance solutions. With a commitment to innovation, BMSer Technology has secured numerous intellectual property rights, including 19 invention patents, 22 utility model patents, and 24 software copyrights. The firm has developed a range of BMS products for various applications, including electric vehicles, energy storage systems, and backup power supplies. Its battery active balance management system is recognized for its innovative design and performance. BMSer Technology collaborates with major battery manufacturers and electric vehicle companies, fostering extensive partnerships within the industry. Additionally, the company has established a research and development presence in Silicon Valley, enhancing its capacity for technological advancement and market responsiveness.

Biointron

Series B in 2022
Biointron, founded in 2012 and based in Shanghai, China, specializes in the development of recombinant antibody technology and offers contracted research organization (CRO) services. The company focuses on accelerating the antibody discovery process by providing a comprehensive range of services, including rapid expression platforms, antibody sequencing, and labeling tools. Through its innovative technology, Biointron achieves high-throughput recombinant antibody production, supplying customers with high-quality and cost-effective recombinant protein and antibody reagents.

Sironax

Series B in 2022
Sironax is a clinical-stage biotechnology company based in Beijing, China, founded in 2017. The company focuses on developing innovative products and treatments for age-related degenerative diseases, concentrating on mechanisms such as regulated cell death, neuroprotective pathways, and neuroinflammation. By researching apoptosis and other cell death pathways, Sironax aims to create advanced pharmaceuticals that can improve the lives of patients suffering from these conditions. Their goal is to transform the treatment landscape for age-related degenerative diseases, benefiting millions of patients and their families globally.

Adaps Photonics

Series C in 2022
Shenzhen Adaps Photonics Technologies Co., Ltd., founded in May 2018 by a group of four returned doctors, specializes in the development and manufacturing of advanced 3D sensor chips. Based in Nanshan, Shenzhen, with a research and development facility in Zhangjiang, Shanghai, the company employs over 80 professionals, including more than ten with doctorates from esteemed international universities. Adaps Photonics leverages single-photon detector technology to enhance smart hardware and three-dimensional perception capabilities across various applications. Its products are utilized in unmanned driving, communication equipment, security monitoring, smart home systems, mobile phone 3D modules, and lidar systems. This innovation enables downstream operators to create high-performance three-dimensional perception modules and depth sensing systems. The company gained recognition by winning first place in the electronic information category at the Shenzhen Peacock Team's 2019 China Entrepreneurship and Innovation Competition.

XVERSE

Series A in 2022
XVERSE is a technology company platform that develops 3D user-generated content. It aims to become one of the operating systems (OS) of the true Internet and one of the important content providers. The company is located in Shenzhen, China.

Westlake Omics

Seed Round in 2022
Westlake Omics is a biotechnology company based in Hangzhou, Zhejiang, China, founded in 2020. It specializes in mass spectrometry-based proteomics and other Omics technologies to meet critical clinical needs. The company aims to advance precision medicine and drug research and development by utilizing artificial intelligence for high-throughput proteomic analysis of small clinical specimens. Through its innovative approach, Westlake Omics focuses on enhancing the accuracy of tumor diagnosis and developing reliable, cutting-edge products that address significant health challenges. By integrating technological advancements and multi-modal big data, the company is dedicated to making meaningful contributions to the field of clinical diagnostics.

Shexu Technology

Series A in 2022
Established in 2020, Shanghai Shexu Technology Co., Ltd. is an AI-driven industrial design software R&D technology enterprise and design service provider. The company has a professional scientific research and technical team, and has independently developed automatic industrial design software based on AI computing engine. The design software has been widely used in the field of automotive industry equipment, significantly improving the design efficiency of industrial machinery designers.

Parametrix.ai

Series B in 2022
Parametrix.ai is a startup focused on transforming the gaming industry through advanced artificial intelligence solutions. Founded in 2019 and headquartered in China, the company specializes in the integration of AI capabilities into game scenarios, enhancing the development process and player experience. Its technology encompasses machine learning, reinforcement learning, and large system engineering, enabling complex environmental sensing, decision-making, and the creation of dynamic game elements such as teams and enemies. By fostering AI entities as native participants in virtual worlds, Parametrix.ai aims to collaboratively design immersive and inclusive gaming environments that engage players in innovative ways.

Xbiome

Series B in 2021
Xbiome is a pioneering pharmaceutical company in China focused on intestinal micro-ecology, utilizing artificial intelligence to enhance gut health management for a population of 1.3 billion. The company specializes in developing microbial pharmaceuticals aimed at treating microecological intestinal disorders. By analyzing both patient and donor intestinal flora, Xbiome accelerates the creation of effective treatments. Their innovative approach includes the use of living biological drugs and microbial small molecule modulators, which aim to provide patients with relief from various gastrointestinal diseases.

QianDao App

Series B in 2021
QianDao App is a Shanghai-based company that specializes in developing trading software for blind box toys and garage kits, targeting youth in China. Founded in 2019, the platform allows users to customize and order toys according to their personal preferences. Its main offerings include the Happy Train and Wedding Flower Girl series, catering to a community of garage kit enthusiasts and collectors. By providing a space for interaction and trade among users, QianDao App fosters a vibrant culture around these collectible items.

Raysolve

Seed Round in 2021
Founded in 2019, Raysolve is dedicated to the R&D of Micro-LED micro-display technology, in particular chip architecture, fabrication processes and the development of single-chip, full-color technology. The core team stemmed from the Hong Kong University of Science and Technology (HKUST) with decades of experience in the design and manufacturing of cutting-edge microchips. The team announced the world’s first single-chip full-color Micro-LED micro-display in Silicon Valley in 2019.

Cornerstone Robotics

Series B in 2021
Cornerstone Robotics operates to improve the accessibility of high-end medical services in China.

MingMed

Series A in 2021
MingMed is a Chinese pharmaceutical company focused on independent drug research and development, with a diverse product pipeline that includes ophthalmic drugs, small molecule immune drugs, and cell therapies utilizing gene editing. The company's offerings extend to recombinant protein botulinum toxin, tumor immune drugs, and immunotherapy for pets. MingMed is dedicated to producing innovative solutions across various fields, including ophthalmology, medical aesthetics, and veterinary medicine, with several of its promising drug candidates having reached the clinical stage. The company's commitment to developing First-in-Class innovative drugs positions it competitively in the global pharmaceutical market.

ZiXun

Venture Round in 2021
ZiXun specializes in the research and development of digital asset security management platforms tailored for cross-border e-commerce. Founded in 2015 and based in Fuzhou City, China, the company utilizes core technologies such as big data, cloud computing, and artificial intelligence to create a comprehensive service ecosystem. Its offerings include a range of products designed to enhance digital asset security and operational efficiency for global sellers, facilitating their expansion into international markets. Through its innovative solutions, ZiXun aims to provide valuable custody services and data operation guidance, supporting Chinese manufacturing enterprises in their overseas endeavors.

XVERSE

Angel Round in 2021
XVERSE is a technology company platform that develops 3D user-generated content. It aims to become one of the operating systems (OS) of the true Internet and one of the important content providers. The company is located in Shenzhen, China.

X-Epic

Series A in 2021
X-Epic is a startup based in Nanjing, China, focused on developing electronic design automation (EDA) software and systems. The company's offerings are designed to deliver comprehensive verification solutions that support the integrated circuit industry, as well as sectors such as 5G, artificial intelligence, cloud services, and high-performance computing. By providing innovative tools and systems, X-Epic aims to lower barriers to entry in the integrated circuit market and address various challenges related to chip design verification.

Saint Bella

Series C in 2021
Saint Bella operates a prenatal and postpartum care center located in Zhuhai City, China. Founded in 2017, the center focuses on providing comprehensive mother and child care services, including art therapy and lunar nursing care. It is designed to cater to the needs of pregnant women seeking a supportive environment to enhance their well-being. In the 28 days following childbirth, Saint Bella aims to help mothers transform into better versions of themselves, emphasizing both physical and spiritual wellness. The center serves as a nurturing space for mothers and their babies, promoting a luxurious lifestyle and holistic care.

MingMed

Series A in 2021
MingMed is a Chinese pharmaceutical company focused on independent drug research and development, with a diverse product pipeline that includes ophthalmic drugs, small molecule immune drugs, and cell therapies utilizing gene editing. The company's offerings extend to recombinant protein botulinum toxin, tumor immune drugs, and immunotherapy for pets. MingMed is dedicated to producing innovative solutions across various fields, including ophthalmology, medical aesthetics, and veterinary medicine, with several of its promising drug candidates having reached the clinical stage. The company's commitment to developing First-in-Class innovative drugs positions it competitively in the global pharmaceutical market.

Parametrix.ai

Series A in 2021
Parametrix.ai is a startup focused on transforming the gaming industry through advanced artificial intelligence solutions. Founded in 2019 and headquartered in China, the company specializes in the integration of AI capabilities into game scenarios, enhancing the development process and player experience. Its technology encompasses machine learning, reinforcement learning, and large system engineering, enabling complex environmental sensing, decision-making, and the creation of dynamic game elements such as teams and enemies. By fostering AI entities as native participants in virtual worlds, Parametrix.ai aims to collaboratively design immersive and inclusive gaming environments that engage players in innovative ways.

Kuaipeilian

Series B in 2021
Kuaipeilian is an online piano training platform based in China that offers virtual piano lessons. The platform specializes in creating customized learning curricula tailored to the individual needs and skill levels of its students. By providing on-demand learning assistance, Kuaipeilian aims to enhance students' piano skills through a flexible and personalized approach to music education.

Flexiv

Series B in 2020
Flexiv Ltd. is a robotics and artificial intelligence company that specializes in developing and manufacturing adaptive robots. Founded in 2016 and headquartered in Shanghai, with additional offices in Shenzhen, Beijing, and Santa Clara, California, Flexiv integrates advanced technologies such as force control, computer vision, and AI into its products. The company's flagship robot, RIZON, is designed for applications including curved-surface processing, plugging, and assembly. Flexiv's robotic systems are utilized across various industries, including automotive electronics, new energy, home appliances, consumer electronics, and aerospace. The company focuses on providing innovative solutions that enhance industrial automation, enabling businesses to improve efficiency and safely collaborate with human workers in complex environments.

UnionTech

Series A in 2020
UnionTech is a Chinese software company established in 2019, headquartered in Beijing. It specializes in developing and providing basic software solutions, particularly focused on operating systems. The company aims to create a robust innovation ecosystem for Chinese operating systems, offering products that are safe, stable, intelligent, and user-friendly for various industries. UnionTech's primary product is the Unity Operating System, which is compatible with Linux and designed to enhance operational efficiency for users. To support its initiatives, UnionTech has established local technical support institutions, research and development centers, and software and hardware adaptation centers in several major cities, including Wuhan, Shanghai, Guangzhou, and Nanjing.

X-Epic

Series A in 2020
X-Epic is a startup based in Nanjing, China, focused on developing electronic design automation (EDA) software and systems. The company's offerings are designed to deliver comprehensive verification solutions that support the integrated circuit industry, as well as sectors such as 5G, artificial intelligence, cloud services, and high-performance computing. By providing innovative tools and systems, X-Epic aims to lower barriers to entry in the integrated circuit market and address various challenges related to chip design verification.

Xbiome

Series B in 2020
Xbiome is a pioneering pharmaceutical company in China focused on intestinal micro-ecology, utilizing artificial intelligence to enhance gut health management for a population of 1.3 billion. The company specializes in developing microbial pharmaceuticals aimed at treating microecological intestinal disorders. By analyzing both patient and donor intestinal flora, Xbiome accelerates the creation of effective treatments. Their innovative approach includes the use of living biological drugs and microbial small molecule modulators, which aim to provide patients with relief from various gastrointestinal diseases.

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 advanced parking management systems, AIpark City and AIpark One, which tackle public and commercial parking challenges. By utilizing its proprietary visual recognition technologies, AIpark transforms traditional parking spaces into smarter solutions for local governments and businesses. Operating as a subsidiary of Intelligent Interconnection, AIpark aims to enhance parking efficiency and convenience through innovative technology.

ORIGITECH

Series A in 2020
Origitech Co., Ltd. is an industrial machinery company located in Shanghai, China, specializing in the development of smart machines that integrate advanced AI technologies. The company aims to enhance operational efficiency by facilitating collaboration between workers and machines. Recognizing the gap in occupational education and talent demand within the industrial sector, Origitech addresses the evolving perceptions of manufacturing jobs, which are often viewed unfavorably despite significant improvements in working conditions. By focusing on user-friendly design and digitalization, Origitech's machines minimize installation and debugging time, thus enabling industries to adapt quickly to changing production needs.

Xbiome

Series B in 2019
Xbiome is a pioneering pharmaceutical company in China focused on intestinal micro-ecology, utilizing artificial intelligence to enhance gut health management for a population of 1.3 billion. The company specializes in developing microbial pharmaceuticals aimed at treating microecological intestinal disorders. By analyzing both patient and donor intestinal flora, Xbiome accelerates the creation of effective treatments. Their innovative approach includes the use of living biological drugs and microbial small molecule modulators, which aim to provide patients with relief from various gastrointestinal diseases.

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 advanced parking management systems, AIpark City and AIpark One, which tackle public and commercial parking challenges. By utilizing its proprietary visual recognition technologies, AIpark transforms traditional parking spaces into smarter solutions for local governments and businesses. Operating as a subsidiary of Intelligent Interconnection, AIpark aims to enhance parking efficiency and convenience through innovative 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.

Xbiome

Series A in 2019
Xbiome is a pioneering pharmaceutical company in China focused on intestinal micro-ecology, utilizing artificial intelligence to enhance gut health management for a population of 1.3 billion. The company specializes in developing microbial pharmaceuticals aimed at treating microecological intestinal disorders. By analyzing both patient and donor intestinal flora, Xbiome accelerates the creation of effective treatments. Their innovative approach includes the use of living biological drugs and microbial small molecule modulators, which aim to provide patients with relief from various gastrointestinal diseases.

Waterdrop

Series C in 2019
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

Zhuiyi

Series C in 2019
Zhuiyi Technology develops an artificial intelligence based chatbot for interactions between humans and enterprises. The company offers YiBot, which focuses on deep learning and natural language processing in customer service, big data analysis, and personalized services. The company caters to finance, Internet, tourism, retail, real estate, and education sectors. The company is based in Shenzhen, China.

Waterdrop

Series B in 2019
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

Danke Apartment

Series C in 2019
Danke Apartment is a prominent internet-enabled apartment management startup based in China, established 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 tailored solutions for both property owners and renters. The company centralizes the operation of apartments sourced from property owners, standardizing their design, renovation, and furnishing. This approach allows Danke Apartment to deliver high-quality, reliable services without the need for physical storefronts, ensuring a seamless online experience for users. Through its innovative rental business model, Danke Apartment continues to redefine how residential rentals are experienced in urban environments.

Saint Bella

Series A in 2019
Saint Bella operates a prenatal and postpartum care center located in Zhuhai City, China. Founded in 2017, the center focuses on providing comprehensive mother and child care services, including art therapy and lunar nursing care. It is designed to cater to the needs of pregnant women seeking a supportive environment to enhance their well-being. In the 28 days following childbirth, Saint Bella aims to help mothers transform into better versions of themselves, emphasizing both physical and spiritual wellness. The center serves as a nurturing space for mothers and their babies, promoting a luxurious lifestyle and holistic care.

Youhua Technology

Series B in 2018
Shanghai based Media & Entertainment company.

Ark Bio

Series A in 2018
Ark is an end-to-end solution provider focused on cancer early detection. By harnessing advanced data science and proprietary miRNA detection technology, Ark develops non-invasive and cost-effective blood tests to detect early stage cancers before clinical symptoms appear. The company collaborates extensively with top medical research institutions globally and is spearheading Asia’s largest miRNA clinical studies targeting more than 50,000 participants. Ark is headquartered in Singapore, with R&D, manufacturing and clinical diagnostic operations in China and USA.

GalaxySpace

Series A in 2018
GalaxySpace is a satellite manufacturer based in Haidian, China, founded in 2016. The company specializes in developing and building a low Earth orbit (LEO) broadband satellite constellation and a 5G communication network. GalaxySpace offers various satellite applications, including monitoring systems for airports, parking, and oil reserves, as well as land assessment services. Their product range includes communication payloads, phased array antennas, power management systems, solar panels, and core platform components. Additionally, the company provides one-stop artificial intelligence satellite launch services, facilitating convenient communication and information access for clients while reducing network costs.

XTransfer

Series A in 2018
XTransfer Limited operates a foreign trade-payment collection platform designed to streamline cross-border financial transactions for small and medium-sized exporters. Founded in 2017 and headquartered in Shanghai, China, with additional offices in the region, XTransfer offers a range of services including overseas account opening, foreign exchange price locking, and settlement. The company leverages technology to connect SMEs with large financial institutions, ensuring that these businesses can access comprehensive financial services comparable to those available to multinational corporations. XTransfer's platform provides features such as a multi-currency settlement network and automated risk management tools, which enhance the convenience and security of international payments while mitigating financial risks for its users.

Yatsen Holding

Series B in 2018
Yatsen Holding Limited is a beauty company based in Guangzhou, China, specializing in the development and sale of cosmetics and skincare products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. It offers a diverse range of products, including color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products, as well as makeup tools and accessories. Yatsen has established itself as a leader in the online retail space, with Perfect Diary recognized as the top color cosmetics brand in China shortly after its launch. Founded in 2016, the company has expanded its offerings to include perfumes and beauty devices, and it sells its products through both physical stores and online channels.

Shiheng

Series B in 2018
Shiheng is a online catering management service provider. It is headquartered in Shanghai, currently employees over 500 people. It is a well-known company, serving more than 300 well-known restaurant chains and single-store brands , tens of thousands of stores, covering more than 100 cities.

Dingdong Maicai

Series A in 2018
Dingdong Maicai is a community-based online retail platform in China that specializes in fresh produce and other daily necessities. Founded in 2014 and headquartered in Shanghai, the company leverages technology to enhance its operations, allowing for direct procurement at the point of origin and efficient pre-warehouse distribution. It aims to deliver products to customers' homes in 29 minutes or less, significantly improving the fresh food consumption experience. The service is available in major cities, including Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou. Dingdong Maicai operates through its mobile application and mini-programs, generating revenue from the sale of fresh groceries and membership services, positioning itself as one of the fastest-growing on-demand e-commerce companies in China.

Liaotianbao

Series A in 2018
Bullet Messenger is a Social Networking platform in China that is gunning to take on the local behemoth, WeChat.

Tianrang

Series A in 2018
Tianrang was established in June 2016. Committed to building the first platform of universal artificial intelligence, through professional AI technology and services, help enterprises, government agencies and individuals to build a proprietary AI engine to solve daily life and work problems. They hope to promote the development of Chinese AI technology through deep learning, intensive learning, machine learning and other technologies so that GM artificial intelligence can become the infrastructure of their lives like hydropower coal. At present, Tian's intelligent AI technology has been explored and landed in many fields such as commercial operations, urban management, finance, and education. In the commercial field, Tiandi Intelligent has developed a number of online marketing intelligent optimization products such as Tianzhu, Tianqi, and Tiantong, which help merchants realize the marketing and operation of multiple online advertising platforms such as Alizhi Diamond, Ali Express, Tencent Guangdeng. automation. In 2017, during the double eleventh period, the merchants were helped to increase their marketing input-output ratio by 78%. The urban brain is using the artificial intelligence technology of the sky to realize the dynamic optimization of the traffic signal throughout the city, saving valuable time for each driver and passenger, and improving the average traffic speed of the whole city. Tianguo Intelligent Go has surpassed the world championship level of Go, gradually began to provide Go training and education, and has established a good cooperative relationship with Chess and Professional Go School. The company is headquartered in Shanghai, with branches in Hangzhou and Guangzhou. The start-up members come from Shanghai Jiaotong University, China University of Science and Technology, Fudan University, Zhejiang University, Harbin Institute of Technology, Wuhan University, European Telecommunications College and other institutions of higher learning at home and abroad, as well as industry elites from Microsoft, IBM, Baidu, Alibaba and other companies. ; Has many years of experience in related machine learning, artificial intelligence research, and technology research and development.

Kuaipeilian

Angel Round in 2018
Kuaipeilian is an online piano training platform based in China that offers virtual piano lessons. The platform specializes in creating customized learning curricula tailored to the individual needs and skill levels of its students. By providing on-demand learning assistance, Kuaipeilian aims to enhance students' piano skills through a flexible and personalized approach to music education.

Dingdong Maicai

Series A in 2018
Dingdong Maicai is a community-based online retail platform in China that specializes in fresh produce and other daily necessities. Founded in 2014 and headquartered in Shanghai, the company leverages technology to enhance its operations, allowing for direct procurement at the point of origin and efficient pre-warehouse distribution. It aims to deliver products to customers' homes in 29 minutes or less, significantly improving the fresh food consumption experience. The service is available in major cities, including Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou. Dingdong Maicai operates through its mobile application and mini-programs, generating revenue from the sale of fresh groceries and membership services, positioning itself as one of the fastest-growing on-demand e-commerce companies in China.

YuanFu Logistics

Series B in 2018
YuanFu Logistics Group Co., Ltd. is a comprehensive logistics service provider based in Shanghai, China, established in 2010. The company specializes in integrated logistics solutions, including supply chain management, warehousing, transportation, and distribution services across various modes such as road, rail, air, and water. YuanFu Logistics also offers a supply chain management platform tailored for the logistics industry, facilitating enhanced operational efficiency for enterprises. Its mission is to support customers in focusing on their core business by providing effective logistics solutions, underpinned by core values of altruism, openness, and mutual benefit. The company's services extend to logistics consulting and supply chain finance, aiming to foster learning and growth within the logistics sector.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, established 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 tailored solutions for both property owners and renters. The company centralizes the operation of apartments sourced from property owners, standardizing their design, renovation, and furnishing. This approach allows Danke Apartment to deliver high-quality, reliable services without the need for physical storefronts, ensuring a seamless online experience for users. Through its innovative rental business model, Danke Apartment continues to redefine how residential rentals are experienced in urban environments.

PeckShield

Angel Round in 2018
PeckShield Inc. is a blockchain security company based in Hangzhou, China, founded in 2009. The company specializes in identifying vulnerabilities and zero-day exploits while defending against emerging threats within the blockchain ecosystem. It offers a range of services, including security solutions for trading exchanges and wallets, as well as large-scale data analysis to investigate blockchain anomalies. PeckShield also provides auditing and consulting services to various clients, including blockchain infrastructure vendors, exchanges, crypto wallets, mining pools, DApp developers, and DeFi projects. Additionally, it operates independent service brands such as dapptotal and coinholmes, delivering comprehensive security solutions to enhance the overall security and usability of blockchain applications.

Dingdong Maicai

Seed Round in 2018
Dingdong Maicai is a community-based online retail platform in China that specializes in fresh produce and other daily necessities. Founded in 2014 and headquartered in Shanghai, the company leverages technology to enhance its operations, allowing for direct procurement at the point of origin and efficient pre-warehouse distribution. It aims to deliver products to customers' homes in 29 minutes or less, significantly improving the fresh food consumption experience. The service is available in major cities, including Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou. Dingdong Maicai operates through its mobile application and mini-programs, generating revenue from the sale of fresh groceries and membership services, positioning itself as one of the fastest-growing on-demand e-commerce companies in China.

Poizon

Series A in 2018
Poizon, established in 2015 by Shanghai Shizhuang Information Technology Co., Ltd., is China's largest sneaker trading platform, boasting an annual gross merchandise volume of $10 billion and over 1.4 million active users monthly as of 2019. The platform operates on a consumer-to-business-to-consumer model, facilitating connections between buyers and sellers while providing authentication services to ensure the genuineness of products. Additionally, Poizon offers the Dewu App, which focuses on sports equipment exchange and includes features for shoe identification. This interactive mobile platform allows users to communicate and share their enthusiasm for trending fashion within the sneaker community.

Qianyu Islands

Series A in 2018
Qianyu Islands, the flagship brand of Beijing Beike Youjia Technology Co., Ltd., operates in the urban shared accommodation sector, focusing on providing diverse alternatives to traditional hotels and bed-and-breakfasts. Established in 2017, the company aims to meet the needs of a new generation of consumers by offering more flexible, cost-effective, and youthful accommodation options. Qianyu Islands emphasizes quality, experience, and innovation, utilizing an internet-based approach to transform the traditional accommodation industry. Its offerings include a variety of Japanese-style suites and hotel rooms, catering to clients seeking quality stay services in urban environments.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, established 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 tailored solutions for both property owners and renters. The company centralizes the operation of apartments sourced from property owners, standardizing their design, renovation, and furnishing. This approach allows Danke Apartment to deliver high-quality, reliable services without the need for physical storefronts, ensuring a seamless online experience for users. Through its innovative rental business model, Danke Apartment continues to redefine how residential rentals are experienced in urban environments.

Shiheng

Series A in 2018
Shiheng is a online catering management service provider. It is headquartered in Shanghai, currently employees over 500 people. It is a well-known company, serving more than 300 well-known restaurant chains and single-store brands , tens of thousands of stores, covering more than 100 cities.

Akoko

Series A in 2018
Akoko is a bakery brand based in Hangzhou, China, focused on producing delicious and healthy baked goods. The company specializes in a range of products, including cookies, pastries, and ice cream, all crafted to be aesthetically pleasing and made without additives. By prioritizing quality and health, Akoko aims to deliver high-quality snacks that cater to health-conscious consumers.

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 advanced parking management systems, AIpark City and AIpark One, which tackle public and commercial parking challenges. By utilizing its proprietary visual recognition technologies, AIpark transforms traditional parking spaces into smarter solutions for local governments and businesses. Operating as a subsidiary of Intelligent Interconnection, AIpark aims to enhance parking efficiency and convenience through innovative technology.

Zhuiyi

Series B in 2017
Zhuiyi Technology develops an artificial intelligence based chatbot for interactions between humans and enterprises. The company offers YiBot, which focuses on deep learning and natural language processing in customer service, big data analysis, and personalized services. The company caters to finance, Internet, tourism, retail, real estate, and education sectors. The company is based in Shenzhen, China.

QianbaoCard

Series B in 2017
QianbaoCard is a Shanghai-based start-up that provides financial services to local merchants and consumers. It is an O2O comprehensive platform that takes local life service as its core advantage. Through expanding high-quality businesses, it provides businesses with smart POS, financial credit services and deep marketing cooperation to fully create the consumption scene of local life while providing local life for consumption Preferential services and consumer credit, the establishment of consumer service ecosystem ecosystem.

Waterdrop

Series A in 2017
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

SmartX

Series B in 2017
SmartX is a prominent provider of hyperconverged infrastructure and software-defined storage solutions. The company offers a fully software-driven platform that is designed to be scalable across all x86 appliances, catering to a diverse clientele that includes major cloud builders, telecommunications companies, and IoT firms in China. SmartX focuses on delivering infrastructure that is distributed, highly reliable, and infinitely scalable, allowing organizations to seamlessly transition from traditional hardware-defined systems to modern enterprise cloud environments. This innovative approach enables enterprises to efficiently manage their IT applications while adapting quickly to evolving technological demands.

Huya.com

Series A in 2017
Huya.com is China's interactive broadcast platform, enriched by the world's first communications service operators. The company's live products cover PC, Web, and mobile three-end, and have nearly 300 featured channels in 4 categories including online games, single-game hot games, mobile games, and entertainment variety, covering e-sports, music, sports, beauty, outdoor, A wide range of popular content such as reality shows, variety shows, entertainment, and food.

YITU

Series C in 2017
Yitu Limited is a Chinese company that specializes in the research and development of artificial intelligence solutions, focusing on machine vision, listening, and comprehension. Founded in 2012 and based in Shanghai, Yitu provides AI infrastructure and applications for intelligent city management, healthcare, and business sectors such as finance and retail. Their healthcare solutions include AI technologies for disease clinics, child development evaluations, and integrated medical platforms. Yitu's extensive research encompasses areas like computer vision, natural language understanding, and robotics, aiming to drive innovation across various industries, including security, transportation, and healthcare. The company is committed to advancing AI technology to create safer, faster, and healthier environments.

Geek+

Series A in 2017
Geek+ specializes in the development of autonomous mobile robots aimed at enhancing warehouse, factory, and supply chain management. The company leverages advanced robotics and artificial intelligence to create customized solutions across various sectors, including e-commerce, retail, logistics, pharmaceuticals, and manufacturing. By providing reliable products and comprehensive after-sales services, Geek+ assists major brands in optimizing their logistics operations. It has emerged as a leading provider of logistics robots in China, serving a diverse clientele that includes e-commerce platforms, third-party logistics providers, and manufacturers in sectors such as apparel, pharmaceuticals, and electronics. Additionally, Geek+ has formed strategic partnerships with key customers to collaboratively develop tailored AI and robotic solutions, addressing the specific needs of different industries.

Leapstack

Series A in 2017
Leapstack is an insurance technology company based in Shanghai, with additional offices in Beijing and Nanjing. Founded in February 2016, it focuses on developing big data artificial intelligence solutions tailored for commercial insurance companies and social security management agencies. The company's platform enhances the insurance claims process by offering services such as risk control monitoring, post-medical reimbursement, anti-fraud measures, and compliance identification. By addressing inefficiencies in the industry, Leapstack aims to improve operational effectiveness and provide comprehensive data analysis and management tools for its clients.

5Lmeet

Series A in 2016
5Lmeet operates an online real estate platform that specializes in co-working spaces in Beijing, China. The company has established a center in the Dongcheng district, which features a range of lifestyle amenities including an open office, bookstore, gym, rooftop garden, restaurants, and event spaces. By focusing on urban renewal and spatial reconstruction, 5Lmeet aims to create shared environments where urban residents can work, dine, and engage in leisure activities together. Through its commitment to providing round-the-clock lifestyle services, 5Lmeet seeks to enhance the experience of co-working while fostering community interaction.

BOSS Zhipin

Series C in 2016
BOSS Zhipin is an online recruitment platform in China in terms of average MAU. BOSS Zhipin are a pioneer in introducing a disruptive model which is transforming China’s online recruitment industry – the Direct Recruitment Model. Our mobile-native product promotes instant direct chats between Bosses and job seekers, delivers accurate recommendation results, and is powered by proprietary AI algorithms and big data insights.

Zhuiyi

Series A in 2016
Zhuiyi Technology develops an artificial intelligence based chatbot for interactions between humans and enterprises. The company offers YiBot, which focuses on deep learning and natural language processing in customer service, big data analysis, and personalized services. The company caters to finance, Internet, tourism, retail, real estate, and education sectors. The company is based in Shenzhen, China.

Tianrang

Angel Round in 2016
Tianrang was established in June 2016. Committed to building the first platform of universal artificial intelligence, through professional AI technology and services, help enterprises, government agencies and individuals to build a proprietary AI engine to solve daily life and work problems. They hope to promote the development of Chinese AI technology through deep learning, intensive learning, machine learning and other technologies so that GM artificial intelligence can become the infrastructure of their lives like hydropower coal. At present, Tian's intelligent AI technology has been explored and landed in many fields such as commercial operations, urban management, finance, and education. In the commercial field, Tiandi Intelligent has developed a number of online marketing intelligent optimization products such as Tianzhu, Tianqi, and Tiantong, which help merchants realize the marketing and operation of multiple online advertising platforms such as Alizhi Diamond, Ali Express, Tencent Guangdeng. automation. In 2017, during the double eleventh period, the merchants were helped to increase their marketing input-output ratio by 78%. The urban brain is using the artificial intelligence technology of the sky to realize the dynamic optimization of the traffic signal throughout the city, saving valuable time for each driver and passenger, and improving the average traffic speed of the whole city. Tianguo Intelligent Go has surpassed the world championship level of Go, gradually began to provide Go training and education, and has established a good cooperative relationship with Chess and Professional Go School. The company is headquartered in Shanghai, with branches in Hangzhou and Guangzhou. The start-up members come from Shanghai Jiaotong University, China University of Science and Technology, Fudan University, Zhejiang University, Harbin Institute of Technology, Wuhan University, European Telecommunications College and other institutions of higher learning at home and abroad, as well as industry elites from Microsoft, IBM, Baidu, Alibaba and other companies. ; Has many years of experience in related machine learning, artificial intelligence research, and technology research and development.

Mingyizhudao

Series B in 2016
mingyizhudao is the leading Internet + surgery platform and the only medical case sharing economic case research base in China. Its gold medal product “Medical Doctor” was launched in March 2015. It has become the authoritative Internet medical surgery platform in China. It has signed more than 40,000 experts from the top director level of the top three hospitals at home and abroad, and 100,000 grassroots doctors, over 1,000. Home-based cooperative hospital.

BeiBei

Series D in 2016
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

Newrank.cn

Venture Round in 2016
New Rank is China's earliest and most authoritative provider of big data analysis and cross-platform ranking for new media content on wechat, weibo, and other top media content platforms. It provides a big data driven advertisement platform, media marketing, copyright transaction, and advertisement placement consultancy. It provides the most authoritative real-time data monitoring and ranking system in Chinese media industry.

Waterdrop

Series A in 2016
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

EO Company

Series A in 2016
EO Company is a technology and industry innovation service platform that specializes in the large health sector. Its core offerings include health technology media, industry business conferences, and research consultations. Targeting the business end of the health industry, EO Company provides a range of online products such as industry content planning, video columns, and consulting services. The platform is designed to facilitate connections within the industry chain and offers insights backed by high market attention and an international perspective. By focusing on technological and industrial innovation, EO Company aims to support the advancement of the health sector in China.

NP Entertainment

Series A in 2016
NP Entertainment Ltd., founded in 2014 and based in Hangzhou, China, operates within the movies and games intellectual property rights industry. The company focuses on the film and television culture sector, leveraging financial and internet-driven strategies. NP Entertainment specializes in the commercialization of intellectual property, actively seeking, creating, and incubating cultural projects across film, television, theater, and gaming. By collaborating with media partners, the company aims to enhance the commercial value of intellectual property and foster a robust ecosystem within the industry.

Leapstack

Angel Round in 2016
Leapstack is an insurance technology company based in Shanghai, with additional offices in Beijing and Nanjing. Founded in February 2016, it focuses on developing big data artificial intelligence solutions tailored for commercial insurance companies and social security management agencies. The company's platform enhances the insurance claims process by offering services such as risk control monitoring, post-medical reimbursement, anti-fraud measures, and compliance identification. By addressing inefficiencies in the industry, Leapstack aims to improve operational effectiveness and provide comprehensive data analysis and management tools for its clients.

Klover InsurTech

Series A in 2016
Klover InsurTech is a platform dedicated to technology-enabled auto insurance and after-sales services. It was founded in 2015 by a group of explorers and practitioners from the financial insurance and Internet technology industries, and is headquartered in Shanghai. At the beginning of its establishment, it has obtained a billion-yuan A-round strategic investment from institutions such as Gaochun Capital and Jingwei China. The business has developed rapidly and covers a number of provinces, cities and regions across the country.

Zhai.me

Series B in 2015
Zhai.Me is a Chinese e-commerce platform that connects online shopping with offline delivery, specifically catering to students. The platform allows students to purchase a wide range of products online and receive them promptly at their location. By focusing on the student demographic, Zhai.Me aims to meet the unique needs of this market, providing convenience and accessibility in their shopping experience.

Roborock

Angel Round in 2015
Beijing Roborock Technology Co., Ltd. is a company focused on the design, research, development, and production of robotic home cleaners and other intelligent cleaning appliances. Established in July 2014, Roborock is headquartered in Beijing, with additional research and development offices in Shanghai and Shenzhen. The company aims to address various household cleaning challenges through innovative technology, offering products that enhance the convenience of daily life. Roborock’s team of engineers, designers, and scientists collaborates extensively throughout the development and testing phases to ensure high-quality and effective cleaning solutions.

EO Company

Series A in 2015
EO Company is a technology and industry innovation service platform that specializes in the large health sector. Its core offerings include health technology media, industry business conferences, and research consultations. Targeting the business end of the health industry, EO Company provides a range of online products such as industry content planning, video columns, and consulting services. The platform is designed to facilitate connections within the industry chain and offers insights backed by high market attention and an international perspective. By focusing on technological and industrial innovation, EO Company aims to support the advancement of the health sector in China.

Iwjw

Series D in 2015
Iwjw operates an online platform offering online to offline house rental services. The platform accepts bookings of prospective clients to make ocular visits to houses. Iwjw began operation on March 17, 2014. Its headquarters is in Shanghai in China.

BeiBei

Series C in 2015
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

YITU

Series A in 2015
Yitu Limited is a Chinese company that specializes in the research and development of artificial intelligence solutions, focusing on machine vision, listening, and comprehension. Founded in 2012 and based in Shanghai, Yitu provides AI infrastructure and applications for intelligent city management, healthcare, and business sectors such as finance and retail. Their healthcare solutions include AI technologies for disease clinics, child development evaluations, and integrated medical platforms. Yitu's extensive research encompasses areas like computer vision, natural language understanding, and robotics, aiming to drive innovation across various industries, including security, transportation, and healthcare. The company is committed to advancing AI technology to create safer, faster, and healthier environments.

Iwjw

Series C in 2014
Iwjw operates an online platform offering online to offline house rental services. The platform accepts bookings of prospective clients to make ocular visits to houses. Iwjw began operation on March 17, 2014. Its headquarters is in Shanghai in China.

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. develops, designs, and manufactures mobile point of sale payment technology products. The company provides a smart phone plug-in that takes payments from mag-stripe cards. It also offers SIM-sticking card, SD card, smart-key, mobile-connecting card reader, card-swiping mobile phone. The company was formerly known as Qiandaiwang (Beijing) Information Technology Co., Limited.

Alauda

Seed Round in 2014
Alauda, based in Beijing, China, is a cloud services provider that specializes in empowering enterprises through its innovative container cloud platform, which is built on Kubernetes. The company's Enterprise Container Platform automates the management of diverse infrastructures and supports modern application development by integrating various components of the DevOps toolchain. This approach maximizes developer productivity and enhances operational agility, enabling organizations to adopt cloud-native capabilities and best practices. Alauda serves a range of industries, including financial services, manufacturing, aviation, energy, and automotive, assisting them in their digital transformation efforts. The company's focus is on helping enterprises modernize their application architecture and achieve operational excellence in the digital age.

Iwjw

Series B in 2014
Iwjw operates an online platform offering online to offline house rental services. The platform accepts bookings of prospective clients to make ocular visits to houses. Iwjw began operation on March 17, 2014. Its headquarters is in Shanghai in China.

BeiBei

Series B in 2014
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

Mizhe.com

Series B in 2014
Mizhe.com operates an e-commerce website that offers discounts for shoppers on Chinese e-commerce sites. Cooperating with more than 600 online sites, including Dangdang, and Tmall, Mizhe.com provides customers a user-friendly shopping guide, which derives from referral links to e-commerce sites such as Taobao, Amazon China, and many others. Shoppers can receive offers for up to 50 percent off of purchases, as well as find additional coupons at Miquan.com, which is the Groupon.com of China. Mizhe was founded in Beijing in August 2011. It claims to generate over 100 million RMB ($16 million) in sales via its platform. It now has millions of users signed up, and hundreds of thousands of daily active shoppers. IDG Capital Partners invested just over $1.6 million in a Series A funding round for Mizhe.com in 2012.
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