Shunwei

Shunwei, Inc. is a venture capital firm based in Beijing, China, founded in 2011 by Lei Jun, a notable figure in the tech industry. The firm specializes in early to mid-stage investments across various sectors, including technology, media, telecommunications, and the internet, with a particular focus on the local internet industry. Shunwei seeks to support startups and growth-stage companies, targeting investments primarily in China and India, while also pursuing cross-border opportunities. The firm has managed multiple investment funds and has executed hundreds of investments, maintaining a keen interest in innovative areas such as smart hardware, e-commerce, and internet finance. Shunwei's strategic approach includes partnerships with diverse investors, including sovereign wealth funds and family offices, reflecting its commitment to fostering the growth of technology-driven enterprises.

Tian Cheng

Partner

Tian Cheng

Partner

Xu Dalai

Founding Partner

Yu Duan

Vice President

Devin (Hang) Gao

Associate

Yuanxiang Gao

Associate

Zhengnan Hu

Investment Partner

Tuck Lye Koh

Founding Partner and CEO

Xiaoling Lai

Partner

Jun Lei

Founding Partner and Chairman

Wei Li

Partner

Wanqiang Li

Venture Partner

Xinting Liu

Associate

Xing Meng

Investor / EIR

Hao Qiu

Partner

Li Rui

Partner

Yuke Tong

Associate

Yang Xiaoli

Investor

Zhuoqun Xu

Associate

Bill Zhang

Investor

Youzi (Irene) Guo

Investor

Past deals in Wearables

Jiuyi Medical

Angel Round in 2023
Developer of medical products designed for hearing aids and sleep aids. The company has developed hearing aids that are equipped with professional hearing aid chips, artificial intelligence chips and high-end Bluetooth chips, enabling clients to have well-used, affordable, noble and inexpensive products.

Eartech

Series A in 2021
Developer of intelligent hearing aid technology. The company's technology helps process, classify and clarify sounds a user hears through chip and voice recognition technology, enabling users to enhance their hearing ability.
Synapsor is a medical-grade wearable device research and development company, oriented to the AI+ medical and health field, and is committed to the development and manufacturing of AI-powered medical-grade smart wearable devices, including AI-ECG artificial intelligence. Diagnostic analysis system, CUMS uric acid blood glucose and cholesterol monitoring system, etc. The company has recently received tens of millions of yuan in Series B investment, and the investor is Xiaomi Technology.

RAKwireless Technology

Series A in 2021
RAKwireless Technology is a prominent provider of connectivity solutions specializing in the Internet of Things (IoT). The company develops infrastructure and modular edge devices tailored for IoT, Smart City, and Smart Agriculture applications. By leveraging Low Power Wide Area (LPWA) technologies, RAKwireless addresses the growing need for efficient and scalable solutions in various environments, including urban and rural settings. Their offerings encompass a diverse range of middleware devices, gateways, kits, modules, sensors, and accessories, enabling enterprises to seamlessly create and implement their IoT products. RAKwireless is committed to simplifying IoT deployment through innovative modular components and a unified software interface, promoting a philosophy of "IoT Made Easy." This approach ensures that organizations can build high-performance, energy-efficient solutions that are both cost-effective and user-friendly, ultimately unlocking the full potential of connected technologies.

I-Fitness

Series C in 2021
Fitness social networking app based in Shanghai.

Xreal

Series A in 2019
Nreal Ltd., founded in 2017 and based in Beijing, China, specializes in the development of augmented reality (AR) and mixed reality (MR) technologies, primarily focusing on wearable devices. The company's flagship product, Nreal Light, is recognized as the first lightweight and comfortable mixed reality glasses, featuring a vivid display and advanced spatial computing algorithms that deliver an immersive user experience. Nreal aims to democratize mixed reality, making it accessible to a broader audience while encouraging developers to create innovative applications that enhance entertainment, productivity, and other sectors. The company's technology incorporates SLAM-based environment-understanding AI algorithms, further enriching the user experience through interactive and engaging applications.

Xreal

Series A in 2019
Nreal Ltd., founded in 2017 and based in Beijing, China, specializes in the development of augmented reality (AR) and mixed reality (MR) technologies, primarily focusing on wearable devices. The company's flagship product, Nreal Light, is recognized as the first lightweight and comfortable mixed reality glasses, featuring a vivid display and advanced spatial computing algorithms that deliver an immersive user experience. Nreal aims to democratize mixed reality, making it accessible to a broader audience while encouraging developers to create innovative applications that enhance entertainment, productivity, and other sectors. The company's technology incorporates SLAM-based environment-understanding AI algorithms, further enriching the user experience through interactive and engaging applications.

Yeelight

Series C in 2018
Yeelight is a developer, manufacturer, and seller of smart lighting products, specializing in a range of smart and wireless LED lighting solutions. The company designs and produces LED lights that can be controlled via mobile phones and wearable devices, allowing users to conveniently adjust their lighting settings from anywhere at any time. Yeelight's focus on innovation and user-friendly technology positions it as a key player in the smart lighting industry.

Xreal

Angel Round in 2017
Nreal Ltd., founded in 2017 and based in Beijing, China, specializes in the development of augmented reality (AR) and mixed reality (MR) technologies, primarily focusing on wearable devices. The company's flagship product, Nreal Light, is recognized as the first lightweight and comfortable mixed reality glasses, featuring a vivid display and advanced spatial computing algorithms that deliver an immersive user experience. Nreal aims to democratize mixed reality, making it accessible to a broader audience while encouraging developers to create innovative applications that enhance entertainment, productivity, and other sectors. The company's technology incorporates SLAM-based environment-understanding AI algorithms, further enriching the user experience through interactive and engaging applications.

ASU Tech

Series A in 2017
Beijing ASU Tech Co.Ltd manufactures technology hardware products. Its products include, health monitoring smart watch and bluetooth enabled headsets. The company was founded in 2015 and is based in Beijing, China.

Darma

Series A in 2016
Darma Inc. is a technology company based in the United States that specializes in non-wearable health tracking solutions. It offers the DARMA cushion, which allows users to monitor their vital signs through an accompanying application while sitting on the cushion. This device provides features such as reminders to stand, posture alerts, and stress level detection, along with suggestions for guided meditation. Additionally, Darma has developed a contact-free fiber optic sensor pad that can be placed under a mattress for continuous, non-invasive monitoring of vital signs and cardiac performance. This integrated system aims to facilitate proactive health management for chronic disease patients, helping to prevent the deterioration of cardiovascular conditions and reduce hospital readmissions, ultimately enhancing the quality of life for users.

YEEUU

Angel Round in 2016
YEEUU Inc. is a smart home hardware technology company located in Hangzhou, China. The company specializes in developing smart home appliances that incorporate fingerprint recognition and Internet of Things (IoT) technologies. Its product lineup includes smart door locks, WiFi boxes, and various domestic accessories, all designed to offer advanced smart home solutions while emphasizing aesthetic appeal in their designs.

QingPing

Angel Round in 2016
Developer and manufacturer of smart home devices. The company aims to provide smart home devices to help provide users a more efficient and healthier lifestyle through their products such as home thermostats, air quality detector, bluetooth gateways and more.

Yunmake

Series A in 2015
Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app. While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem that extends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.

Yunmake

Series A in 2015
Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app. While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem that extends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.

Fengyu Keji

Angel Round in 2015
Xi'an Fengyu Information Technology Co., Ltd. specialized in development of a new generation of intelligent hardware products. The company was founded in 2015 and is based in Xi'an, 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.

Misfit Wearables

Series C in 2014
Misfit Wearables, founded in 2011 and headquartered in Burlingame, California, specializes in creating innovative wearable devices aimed at enhancing consumer health and fitness. The company focuses on developing products that encourage users to adopt active lifestyles and cultivate healthy habits. One of its flagship offerings is the Shine, a sleek personal activity tracker that effortlessly syncs with smartphones. As a pioneer in the wearable sensor technology sector, Misfit is dedicated to producing stylish and functional devices that people will want to wear consistently.

Huami

Series B 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.

Lepow

Series A in 2013
Lepow is a design firm that reinvents everyday objects to bring joy to digital consumers. Its products blend architectural design elements, fashion-forward colors, premium materials and superior functionality to create pure expressions of the playfulness that their customers experience during their digital lives. Lepow has garnered a prestigious red dot design award for outstanding industrial design and the iLounge Product of the Year 2014 award.

Pebbles Interfaces

Series B in 2013
Pebbles Interfaces specializes in advanced motion sensor technology that enhances human interaction with digital devices. Their innovative sensors allow for the seamless integration of physical objects into the digital realm, enabling users to interact with various platforms—including smartphones, PCs, and smart TVs—through simple and natural gestures. By embedding their minimal hardware into partner products, Pebbles aims to transform the way consumers engage with technology, making interactions more intuitive and accessible. The company's vision is to create a natural interface with both real and virtual objects, ultimately redefining the experience of using consumer electronics.

Xiaomi

Series B in 2011
Xiaomi Corporation is an internet company based in Beijing that specializes in the manufacture and distribution of smartphones, consumer electronics, and internet services. Founded in 2010, Xiaomi operates through several segments, including Smartphones, IoT and Lifestyle Products, Internet Services, and Others. The Smartphones segment focuses on selling a range of mobile devices, while the IoT and Lifestyle Products segment includes smart TVs, laptops, AI speakers, and various lifestyle items. The Internet Services segment offers advertising and value-added services, and the Others segment provides hardware repair services. Xiaomi aims to create a comprehensive user experience by integrating user feedback into product design and continuously innovating its offerings. It also engages in wholesale and retail activities, software and hardware development, and operates retail stores and service centers in multiple countries, including India, Russia, and various European nations. The company's commitment to providing high-quality products at competitive prices has fostered a loyal customer base both in China and internationally.

Xiaomi

Series A in 2011
Xiaomi Corporation is an internet company based in Beijing that specializes in the manufacture and distribution of smartphones, consumer electronics, and internet services. Founded in 2010, Xiaomi operates through several segments, including Smartphones, IoT and Lifestyle Products, Internet Services, and Others. The Smartphones segment focuses on selling a range of mobile devices, while the IoT and Lifestyle Products segment includes smart TVs, laptops, AI speakers, and various lifestyle items. The Internet Services segment offers advertising and value-added services, and the Others segment provides hardware repair services. Xiaomi aims to create a comprehensive user experience by integrating user feedback into product design and continuously innovating its offerings. It also engages in wholesale and retail activities, software and hardware development, and operates retail stores and service centers in multiple countries, including India, Russia, and various European nations. The company's commitment to providing high-quality products at competitive prices has fostered a loyal customer base both in China and internationally.
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