Source Code Capital

Source Code Capital, established in 2014, is a prominent venture capital firm based in China that specializes in the technology, media, and telecommunications (TMT) sectors. The firm invests in both early-stage startups and growth-stage companies, having partnered with nearly 150 leading technology founders, including notable companies like Bytedance and Meituan. With significant assets under management, Source Code Capital emphasizes three key drivers: Internet+, AI+, and Global+. Its investment focus spans various sectors, including finance, media and entertainment, consumer services, enterprise, retail, transportation, housing, education, and healthcare. Additionally, Source Code Capital offers a comprehensive post-investment platform that provides startups with mentorship, resources, and insights to support their growth and development.

Yi (Charlie) Cao

Managing Partner / Founder

Wu Fan

Managing Director

Yungang (Samuel) Huang

Partner

Li Lulin

Investor

Wu Jian

Partner

Tong Xiang

Partner

Lei Xin

Vice President

Di Yuan

Partner

Past deals in Eastern Asia

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.

Unitree Robotics

Series B in 2024
Unitree Robotics, founded in 2016 and based in Hangzhou, China, specializes in the development of innovative robotic solutions for consumer and industrial markets. The company's diverse portfolio features a range of robots, including quadrupeds like Laikago, a four-legged robodog designed as a research platform for scientists and roboticists. Additionally, Unitree Robotics offers humanoid robots and advanced perception systems, catering to various applications across different sectors.

Cygnus Bio

Series C in 2023
Cygnus Biosciences (Beijing) Co., Ltd. is a biotechnology firm focused on the research and development of gene sequencing platforms. The company aims to advance clinical medicine through improved screening and diagnostic capabilities. By leveraging innovative gene sequencing technology, Cygnus provides accurate and efficient solutions for genetic engineers and gene therapy specialists, enabling them to obtain reliable data for their research. This commitment to industrialization and application of gene sequencing facilitates effective and error-free experimentation, ultimately enhancing the overall quality of biotech research and medical diagnostics.

Zhonghai Chuneng Technology Beijing

Seed Round in 2022
Zhonghai Chuneng Technology Beijing develops energy storage technology and the production, and sales of energy storage equipment.

Eswin Materials

Series C in 2022
Eswin Materials manufactures electronic-grade silicon single crystal polished wafers and epitaxial wafers for electronic and EV industries.

Cataya Bio

Series A in 2022
Cataya Bio (Shanghai) Co., Ltd. is focused on developing synthetic biological products for diverse industries through its advanced engineering biology platform and biomanufacturing capabilities. The company engineers microbes and creates clean fermentation processes to produce high-purity products sustainably and cost-effectively. By leveraging synthetic biology technology, Cataya Bio enables clients to obtain natural and sustainable raw materials, contributing to a shift away from petroleum-based resources. The company's efforts address critical global challenges such as environmental preservation, carbon emissions, and climate change.

vesoft

Series A in 2022
VEsoft Inc. is a technology company based in Hangzhou, China, with an additional office in Beijing, focused on developing an open-source and distributed graph database solution known as NebulaGraph. Founded in 2018, VEsoft aims to assist businesses in extracting valuable insights from large and interconnected datasets. NebulaGraph features an advanced architecture that supports high throughput and low latency, making it suitable for various applications in social networking, payments, and finance. The company's offerings enable organizations to efficiently store, calculate, and visualize data through a structure of vertices (nodes) and edges, facilitating scalability in data management.

XYZ Robotics

Series B in 2022
XYZ Robotics Inc. specializes in automating picking, sorting, and packing operations through advanced 3D AI and robotic manipulation algorithms. Incorporated in 2018, the company is headquartered in Boston, Massachusetts, with an additional office in Shanghai, China. It develops innovative machine vision and robotic intelligence software to enhance productivity in logistics and manufacturing. The company's solutions include robotic depalletizing, mixed case palletizing, piece picking, bin picking, and vision-guided assembly. By leveraging AI technology and deep learning, XYZ Robotics aims to streamline supply chain management and improve the efficiency of order fulfillment across various industries, including automotive, pharmaceuticals, electronics, e-commerce, and retail.

Mech-Mind Robotics

Series C in 2022
Mech-Mind Robotics Technologies, founded in 2016 and based in Beijing, China, specializes in manufacturing smart cameras and developing AI-powered software for the logistics industry. The company produces a range of cameras, including the Mech-Eye Smart Camera, designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind's technology integrates 3D vision with artificial intelligence, enabling robots to recognize objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in addressing complex automation challenges, including logistics parcel picking and related operations. The company also maintains an office in Munich, Germany, and a sales office in Shanghai, China.

HAI ROBOTICS

Series D in 2022
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a variety of intelligent solutions, including a goods-to-person system, smart in-plant logistics solutions for manufacturing, and multi-tier steel platforms for diverse applications. As a pioneer in the field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, and has since focused on research and development, securing numerous patents. The HAIPICK system significantly enhances warehouse efficiency, reportedly increasing operational productivity by three to four times and boosting storage density by 80% to 130%. HAI ROBOTICS caters to a broad range of clients, including major logistics and supply chain companies, and is committed to delivering flexible and customizable automation solutions to optimize warehouse operations.

Js Designs

Series B in 2022
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

CassTime

Series D in 2022
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. It operates a comprehensive trading platform that offers full coverage of spare parts, facilitating price inquiries and simplifying settlements for sellers of auto parts and accessories. In addition to its marketplace, CassTime provides a SaaS management system tailored for workshops, along with supply chain finance and logistics services. This integrated approach enables businesses to conduct transactions efficiently while accessing detailed information about vehicle parts, ultimately enhancing the overall experience for both buyers and sellers in the automotive sector.

Cataya Bio

Series A in 2022
Cataya Bio (Shanghai) Co., Ltd. is focused on developing synthetic biological products for diverse industries through its advanced engineering biology platform and biomanufacturing capabilities. The company engineers microbes and creates clean fermentation processes to produce high-purity products sustainably and cost-effectively. By leveraging synthetic biology technology, Cataya Bio enables clients to obtain natural and sustainable raw materials, contributing to a shift away from petroleum-based resources. The company's efforts address critical global challenges such as environmental preservation, carbon emissions, and climate change.

Chapter Home

Seed Round in 2022
Chapter Home is a Shanghai based company.

Yudao Bio

Series A in 2022
Yudo Bio provides biopharmaceutical products. It has its headquarters in Shanghai in China.

Sibionics

Series C in 2022
SiBionics is a medtech company based in Shenzhen, China, focused on the research and development of active implantable medical devices and medical artificial intelligence. The company specializes in creating innovative solutions for various health conditions, including retinitis pigmentosa, diabetes, cardiovascular diseases, and gastrointestinal tumors. SiBionics develops artificial intelligence technologies for medical imaging and implantable devices, including retinal electrical stimulators and continuous glucose monitors. Their work also encompasses health management, disease screening, and diagnostics, using approaches such as visual coding, medical imaging AI, and big data analytics to enhance patient care and address chronic diseases. Through these advancements, SiBionics aims to provide cost-effective products that improve long-term monitoring and treatment options in the medical field.

XSKY Data Technology

Series F in 2021
XSKY Beijing Data Technology Corporation Limited is a Chinese company that specializes in software-defined infrastructure products and services aimed at delivering innovative storage solutions for enterprises. By integrating internet carrier operations and mainstream open-source technologies, XSKY offers scalable storage solutions that facilitate cost-effective horizontal expansion for data centers. The company is a significant contributor to the open-source storage system Ceph, ranking among the top three globally and leading in China for source code contributions. Additionally, XSKY is the exclusive storage solution partner of Red Hat China and collaborates with major IT companies like Intel, Samsung, Dell, and Mellanox. Its products are utilized by early adopters in various sectors, including financial services, transportation, telecommunications, and energy, highlighting its commitment to enhancing data management and infrastructure innovation.

Js Designs

Series B in 2021
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

Js Designs

Series A in 2021
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

Mech-Mind Robotics

Series C in 2021
Mech-Mind Robotics Technologies, founded in 2016 and based in Beijing, China, specializes in manufacturing smart cameras and developing AI-powered software for the logistics industry. The company produces a range of cameras, including the Mech-Eye Smart Camera, designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind's technology integrates 3D vision with artificial intelligence, enabling robots to recognize objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in addressing complex automation challenges, including logistics parcel picking and related operations. The company also maintains an office in Munich, Germany, and a sales office in Shanghai, China.

HAI ROBOTICS

Series C in 2021
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a variety of intelligent solutions, including a goods-to-person system, smart in-plant logistics solutions for manufacturing, and multi-tier steel platforms for diverse applications. As a pioneer in the field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, and has since focused on research and development, securing numerous patents. The HAIPICK system significantly enhances warehouse efficiency, reportedly increasing operational productivity by three to four times and boosting storage density by 80% to 130%. HAI ROBOTICS caters to a broad range of clients, including major logistics and supply chain companies, and is committed to delivering flexible and customizable automation solutions to optimize warehouse operations.

HAI ROBOTICS

Series D in 2021
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a variety of intelligent solutions, including a goods-to-person system, smart in-plant logistics solutions for manufacturing, and multi-tier steel platforms for diverse applications. As a pioneer in the field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, and has since focused on research and development, securing numerous patents. The HAIPICK system significantly enhances warehouse efficiency, reportedly increasing operational productivity by three to four times and boosting storage density by 80% to 130%. HAI ROBOTICS caters to a broad range of clients, including major logistics and supply chain companies, and is committed to delivering flexible and customizable automation solutions to optimize warehouse operations.

Js Designs

Series A in 2021
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

Bota Biosciences

Series B in 2021
Bota Biosciences is a global industrial biotechnology company based in Hangzhou, China, founded in 2019. The company specializes in synthetic bioengineering technology for bio-manufacturing, focusing on developing efficient, eco-friendly, and cost-effective solutions. Bota Biosciences has created an integrative bioengineering platform that connects biological design to scale-up manufacturing, facilitating the transition to sustainable living. It operates its own pilot plant and manufacturing facility, which enhances its capacity to offer scalable industrial solutions and market-ready products across various sectors, including nutrition, food, personal care, and animal health. With a dynamic and multidisciplinary team, Bota Biosciences aims to channel biotechnology innovations for a global impact. The company has successfully raised substantial funding, exceeding $145 million, with investments from several prominent strategic and financial backers.

XYZ Robotics

Series B in 2021
XYZ Robotics Inc. specializes in automating picking, sorting, and packing operations through advanced 3D AI and robotic manipulation algorithms. Incorporated in 2018, the company is headquartered in Boston, Massachusetts, with an additional office in Shanghai, China. It develops innovative machine vision and robotic intelligence software to enhance productivity in logistics and manufacturing. The company's solutions include robotic depalletizing, mixed case palletizing, piece picking, bin picking, and vision-guided assembly. By leveraging AI technology and deep learning, XYZ Robotics aims to streamline supply chain management and improve the efficiency of order fulfillment across various industries, including automotive, pharmaceuticals, electronics, e-commerce, and retail.

Mech-Mind Robotics

Series C in 2021
Mech-Mind Robotics Technologies, founded in 2016 and based in Beijing, China, specializes in manufacturing smart cameras and developing AI-powered software for the logistics industry. The company produces a range of cameras, including the Mech-Eye Smart Camera, designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind's technology integrates 3D vision with artificial intelligence, enabling robots to recognize objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in addressing complex automation challenges, including logistics parcel picking and related operations. The company also maintains an office in Munich, Germany, and a sales office in Shanghai, China.

Raysolve

Pre 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.

HAI ROBOTICS

Series B in 2021
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a variety of intelligent solutions, including a goods-to-person system, smart in-plant logistics solutions for manufacturing, and multi-tier steel platforms for diverse applications. As a pioneer in the field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, and has since focused on research and development, securing numerous patents. The HAIPICK system significantly enhances warehouse efficiency, reportedly increasing operational productivity by three to four times and boosting storage density by 80% to 130%. HAI ROBOTICS caters to a broad range of clients, including major logistics and supply chain companies, and is committed to delivering flexible and customizable automation solutions to optimize warehouse operations.

Hetao101

Series C in 2021
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Series C in 2021
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

CassTime

Series C in 2020
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. It operates a comprehensive trading platform that offers full coverage of spare parts, facilitating price inquiries and simplifying settlements for sellers of auto parts and accessories. In addition to its marketplace, CassTime provides a SaaS management system tailored for workshops, along with supply chain finance and logistics services. This integrated approach enables businesses to conduct transactions efficiently while accessing detailed information about vehicle parts, ultimately enhancing the overall experience for both buyers and sellers in the automotive sector.

Mech-Mind Robotics

Series B in 2020
Mech-Mind Robotics Technologies, founded in 2016 and based in Beijing, China, specializes in manufacturing smart cameras and developing AI-powered software for the logistics industry. The company produces a range of cameras, including the Mech-Eye Smart Camera, designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind's technology integrates 3D vision with artificial intelligence, enabling robots to recognize objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in addressing complex automation challenges, including logistics parcel picking and related operations. The company also maintains an office in Munich, Germany, and a sales office in Shanghai, China.

GalaxySpace

Series C in 2020
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.

XYZ Robotics

Series A in 2020
XYZ Robotics Inc. specializes in automating picking, sorting, and packing operations through advanced 3D AI and robotic manipulation algorithms. Incorporated in 2018, the company is headquartered in Boston, Massachusetts, with an additional office in Shanghai, China. It develops innovative machine vision and robotic intelligence software to enhance productivity in logistics and manufacturing. The company's solutions include robotic depalletizing, mixed case palletizing, piece picking, bin picking, and vision-guided assembly. By leveraging AI technology and deep learning, XYZ Robotics aims to streamline supply chain management and improve the efficiency of order fulfillment across various industries, including automotive, pharmaceuticals, electronics, e-commerce, and retail.

StreamNative

Seed Round in 2020
StreamNative offers an event streaming platform based on Apache Pulsar that enables companies to access enterprise data as real-time streams. Apache Pulsar acts as a real-time, fault-time, highly scalable and unified event streaming platform. It is widely adopted by many companies globally, from internet giants, gaming companies, IoT companies, financial institutes to many other enterprises. Unliked other legacy pubsub messaging system, Pulsar was born and developed for Cloud. Its architectural advantages and cloud-native design principles make it able to make high volume data available as an infinite real-time stream for consumption. The infinite real-time stream provides a unified view for both historic and real-time data. The infrastructure lets you build around a single central nervous system transmitting, storing and processing messages for the different systems and applications within your organization. By leveraging the Apache Pulsar technology, StreamNative Platform enables the leaders in industries such as gaming, financial services, blockchain, retail, logistics, manufacturing, media and IoT, move data from isolated legacy systems into one real-time event streaming platform where they can act on immediately. StreamNative was started by a team of Apache Pulsar and Apache BookKeeper PMC members, committers and contributors, who believe in event streams are the right foundation for enterprise data. Many of the team members have been working on Apache Pulsar for years, and have helped the leading internet giants successfully run Pulsar at scale. StreamNative is based in San Francisco, California. It also have offices in Beijing, Shanghai and Shenzhen in China.

Narwal Robotics

Series C in 2020
Narwal Robotics, officially known as Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd., specializes in the design, development, and production of intelligent cleaning robots. Founded in 2016 and headquartered in Dongguan, China, with an additional office in Shenzhen, the company targets the high-end consumer market. Its flagship product, the Narwal T10, is a self-cleaning robot designed for automated mopping and floor cleaning, utilizing advanced navigation positioning, map construction, and structural design. This technology allows for efficient unmanned cleaning services, providing consumers with convenience and effective cleaning solutions.

Narwal Robotics

Series B in 2020
Narwal Robotics, officially known as Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd., specializes in the design, development, and production of intelligent cleaning robots. Founded in 2016 and headquartered in Dongguan, China, with an additional office in Shenzhen, the company targets the high-end consumer market. Its flagship product, the Narwal T10, is a self-cleaning robot designed for automated mopping and floor cleaning, utilizing advanced navigation positioning, map construction, and structural design. This technology allows for efficient unmanned cleaning services, providing consumers with convenience and effective cleaning solutions.

Yijiupi

Series D in 2020
Yijiupi is an e-commerce company based in Wuhu, Anhui, China, that focuses on restructuring the wine supply chain while expanding into the beverage and food industries. Founded in September 2014, Yijiupi operates a platform that facilitates the wholesale distribution of premium alcoholic products, allowing consumers to access a diverse range of offerings from a single, efficient source. The company promotes nationwide distribution channels for liquor stores and also provides services such as warehouse and distribution sharing, as well as supply chain financial services. This approach aims to enhance the overall user experience by streamlining access to alcoholic and snack products.

CassTime

Series C in 2019
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. It operates a comprehensive trading platform that offers full coverage of spare parts, facilitating price inquiries and simplifying settlements for sellers of auto parts and accessories. In addition to its marketplace, CassTime provides a SaaS management system tailored for workshops, along with supply chain finance and logistics services. This integrated approach enables businesses to conduct transactions efficiently while accessing detailed information about vehicle parts, ultimately enhancing the overall experience for both buyers and sellers in the automotive sector.

Hetao101

Series B in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Series B in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Ke.com

Series D in 2019
KE Holdings Inc., known as Beike, operates a comprehensive platform for housing transactions and services in China, enhancing the user experience through both online and offline channels. Founded in 2001 and headquartered in Beijing, the company facilitates a range of housing-related transactions, including the sale and rental of existing and new homes, home renovation, and real estate financial solutions. Beike operates through its branded Lianjia stores in major cities like Beijing and Shanghai, while also collaborating with various third-party agencies, including franchise partners. The platform aims to create a high-quality ecosystem for real estate services, supporting over 100,000 property agents and reaching more than 200 million households. Additionally, Beike has expanded its offerings internationally, providing services for Chinese families seeking overseas properties across 11 countries. The company's growth strategy includes plans to cover over 300 cities in China and build a robust network of accredited partners.

Huzan Social Retail

Series B in 2019
Huzan Social Retail is a mobile marketing management application specializing in Social Customer Relationship Management (SCRM) for the e-commerce sector. Founded in 2017 and based in Shanghai, China, the company offers tools that enable merchants to connect with users across various platforms and channels. Its application facilitates the automatic classification and management of user relationships, while also synchronizing user data with mobile social software. Huzan Social Retail helps merchants build traffic for their WeChat platforms, uncover customer values, manage multiple stores, and create engaging marketing materials. By streamlining traditional services and enhancing operational efficiency, the platform aims to support clients in reducing costs and achieving sustainable business growth.

Hetao101

Series A in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Series A in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Yimidida

Series D in 2019
Yimidida is an online logistics network based in Shanghai, China, that specializes in crowd-sourced delivery services, particularly to rural towns. Founded in 2015, the platform facilitates the delivery of products of various sizes to villages across China. Yimidida's offerings include payment collection, transport insurance, return receipts, and delivery tracking, all aimed at enhancing the efficiency of dispatch and truck deployment. This comprehensive logistics solution enables customers to receive their orders promptly, regardless of their location.

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.

Yaobangmang

Series C in 2018
Xiaoyaoyao is a comprehensive pharmaceutical circulation field in the era of big data and the Internet As a service provider. Xiaoyaoyao's "Pharmaceutical Help" platform is an e-commerce platform that has been approved by the State Food and Drug Administration and has a B2B drug wholesale license, integrating drug procurement, warehousing, sales, logistics and distribution. , subverting the traditional procurement model of hierarchical distribution. At present, the business has covered more than 20 provinces across the country, with a storage area of ​​nearly 500,000 square meters, serving more than 3,000 suppliers and more than 500,000 pharmacies and clinic end customers across the country.

Yijiupi

Series D in 2018
Yijiupi is an e-commerce company based in Wuhu, Anhui, China, that focuses on restructuring the wine supply chain while expanding into the beverage and food industries. Founded in September 2014, Yijiupi operates a platform that facilitates the wholesale distribution of premium alcoholic products, allowing consumers to access a diverse range of offerings from a single, efficient source. The company promotes nationwide distribution channels for liquor stores and also provides services such as warehouse and distribution sharing, as well as supply chain financial services. This approach aims to enhance the overall user experience by streamlining access to alcoholic and snack products.

Hetao101

Series A in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Series A in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

RELX Technology

Series A in 2018
RELX Technology is an independent e-cigarette brand based in Beijing that focuses on developing innovative products for adult smokers. The company operates in over 50 countries and is recognized as the market leader in China, offering a diverse product portfolio that includes four distinct product lines and a smartphone app. RELX Technology emphasizes its commitment to responsible practices, having been acknowledged as a socially-responsible corporation by the Chinese government. The company employs a robust research and development strategy, utilizing advanced technologies such as artificial intelligence and facial recognition to prevent underage access to its products. Additionally, RELX Technology utilizes an integrated offline distribution model paired with branded retail stores to effectively serve the e-vapor market.

Cheduoduo

Series A in 2018
Cheduoduo is a Beijing-based used-car trading platform.

Yimidida

Series C in 2018
Yimidida is an online logistics network based in Shanghai, China, that specializes in crowd-sourced delivery services, particularly to rural towns. Founded in 2015, the platform facilitates the delivery of products of various sizes to villages across China. Yimidida's offerings include payment collection, transport insurance, return receipts, and delivery tracking, all aimed at enhancing the efficiency of dispatch and truck deployment. This comprehensive logistics solution enables customers to receive their orders promptly, regardless of their location.

Li Auto

Series B in 2018
Li Auto Inc. is a prominent Chinese manufacturer of smart electric vehicles, specializing in the design, development, production, and sale of premium electric sport utility vehicles (SUVs). Established in 2015 and headquartered in Beijing, the company launched its first model, the Li ONE, in November 2019. This six-seat electric SUV features a range extension system and advanced smart vehicle solutions, catering to consumers seeking longer travel capabilities. In 2023, Li Auto sold over 376,000 new energy vehicles, capturing approximately 4% of China's passenger new energy vehicle market. The company continues to expand its product offerings, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), in order to reach a wider audience and meet diverse consumer needs.

Yaobangmang

Series B in 2017
Xiaoyaoyao is a comprehensive pharmaceutical circulation field in the era of big data and the Internet As a service provider. Xiaoyaoyao's "Pharmaceutical Help" platform is an e-commerce platform that has been approved by the State Food and Drug Administration and has a B2B drug wholesale license, integrating drug procurement, warehousing, sales, logistics and distribution. , subverting the traditional procurement model of hierarchical distribution. At present, the business has covered more than 20 provinces across the country, with a storage area of ​​nearly 500,000 square meters, serving more than 3,000 suppliers and more than 500,000 pharmacies and clinic end customers across the country.

Feidee

Series C in 2017
Feidee is a company based in Beijing, China, founded in 2010, that specializes in online personal finance management. It operates platforms that allow users to record their daily expenses and manage their personal finances efficiently. One of its key offerings is Kaniu, a mobile application designed to help users track credit card expenditures. Through its services, Feidee aims to assist individuals in budgeting for costs and managing their savings effectively.

Er Geng

Series A in 2017
Er Geng video content platform. Er Geng also plans to expand its business in 30 cities across 20 provinces in China.

Yimidida

Series B in 2017
Yimidida is an online logistics network based in Shanghai, China, that specializes in crowd-sourced delivery services, particularly to rural towns. Founded in 2015, the platform facilitates the delivery of products of various sizes to villages across China. Yimidida's offerings include payment collection, transport insurance, return receipts, and delivery tracking, all aimed at enhancing the efficiency of dispatch and truck deployment. This comprehensive logistics solution enables customers to receive their orders promptly, regardless of their location.

BingoBox

Series A in 2017
BingoBox is an innovative convenience store concept in China that operates on a largely automated model, eliminating the need for on-site staff. The store offers a variety of daily essentials, including snacks and beverages, catering to late-night shoppers. Customers enter the store by scanning a QR code and can make payments through mobile platforms. To prevent theft, BingoBox employs advanced sensors and technology to track products selected by customers, ensuring that all items are paid for. Although the store is predominantly unmanned, it provides remote customer service and is restocked daily, combining elements of artificial intelligence and smart technology to enhance the shopping experience and reduce operational costs.

Jiqi Zhixin

Series A in 2017
Jiqi Zhixin is a technology media platform focusing on artificial intelligence, robots, and neurocognitive science. Since its inception, it has always insisted on providing professional, objective and serious high-quality academic and industrial content, outputting truly valuable information and knowledge to artificial intelligence practitioners and enthusiasts, and using the power of high-quality content to properly guide and even influence the artificial intelligence industry. development of. It is precisely because of this that the heart of the machine has been highly recognized by many domestic and foreign technical experts, senior executives of technology companies and artificial intelligence practitioners, and has rapidly developed into the most senior and active organization in the field of artificial intelligence information services in China. At present, the heart of the machine has a total of 500,000 high-quality users on each platform, WeChat end has an average daily PV of 50,000, and 60,000 daily active users. At the same time, the heart of the machine has deployed full-time technical analysts, industry analysts and advisors in key areas of global artificial intelligence, outputting original technical analysis articles and industrial analysis reports, and paying attention to the global artificial intelligence industry first-hand news reports. In September 2015, the heart of the machine gained millions of dollars in angel round investment. In February 2017, it received a Pre-A round of financing. The investors include Lenovo Star, today’s headlines, source code capital, X-Flight Industry Investment and Morningside Capital, etc. .

Lean Work

Series A in 2016
Lean Work HK Limited operates an online financial trading platform tailored for brokers in the foreign exchange and bullion markets. Founded in 2014 and headquartered in Shanghai, the company offers a suite of services including Broker Work, a customized back office management system, and Trader Account, a client portal that facilitates basic online business services for traders. Additionally, Lean Work provides Dealer Work, a risk hedging system that utilizes cloud architecture and features a user-friendly graphical interface accessible via web browsers. The company also supplies cloud hosting services, designed to enhance operational efficiency for financial brokers and traders alike.

Yimidida

Series A in 2016
Yimidida is an online logistics network based in Shanghai, China, that specializes in crowd-sourced delivery services, particularly to rural towns. Founded in 2015, the platform facilitates the delivery of products of various sizes to villages across China. Yimidida's offerings include payment collection, transport insurance, return receipts, and delivery tracking, all aimed at enhancing the efficiency of dispatch and truck deployment. This comprehensive logistics solution enables customers to receive their orders promptly, regardless of their location.

Yijiupi

Series C in 2016
Yijiupi is an e-commerce company based in Wuhu, Anhui, China, that focuses on restructuring the wine supply chain while expanding into the beverage and food industries. Founded in September 2014, Yijiupi operates a platform that facilitates the wholesale distribution of premium alcoholic products, allowing consumers to access a diverse range of offerings from a single, efficient source. The company promotes nationwide distribution channels for liquor stores and also provides services such as warehouse and distribution sharing, as well as supply chain financial services. This approach aims to enhance the overall user experience by streamlining access to alcoholic and snack products.

Ebaoyang

Series C in 2016
Ebaoyang is a Beijing-based company that specializes in online-to-offline car maintenance services. It offers an integrated ecosystem that connects clients with a marketplace for automobile maintenance, allowing mechanics to provide on-demand services at convenient locations such as homes or offices. This model enhances accessibility and convenience for vehicle owners seeking maintenance solutions.

Li Auto

Series A in 2016
Li Auto Inc. is a prominent Chinese manufacturer of smart electric vehicles, specializing in the design, development, production, and sale of premium electric sport utility vehicles (SUVs). Established in 2015 and headquartered in Beijing, the company launched its first model, the Li ONE, in November 2019. This six-seat electric SUV features a range extension system and advanced smart vehicle solutions, catering to consumers seeking longer travel capabilities. In 2023, Li Auto sold over 376,000 new energy vehicles, capturing approximately 4% of China's passenger new energy vehicle market. The company continues to expand its product offerings, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), in order to reach a wider audience and meet diverse consumer needs.

Che300

Series B in 2016
Akin to Kelly’s Blue Book in the U.S., Car300 is the most comprehensive dominant leader in the used-car appraisal market. The penetration rate is more than 90% in China’s car dealer market and Car300 is the exclusive appraisal data provider to most of the online market places. Car300 also provides financial services and insurance products to transaction parties.

Meituan

Venture Round in 2016
Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors. Wang Xing founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.

GeekPark

Series A in 2016
GeekPark is a Chinese innovators community that provides real time updates on product manufacturers. It focuses on Internet products and tech trends through insightful product reports and quality offline conferences. GeekPark is a China-based company that was founded by Jack Zhang.

Haoche51.com

Series B in 2015
It is a Beijing based online used car trading platform Haoche51.com

Yijiupi

Series B in 2015
Yijiupi is an e-commerce company based in Wuhu, Anhui, China, that focuses on restructuring the wine supply chain while expanding into the beverage and food industries. Founded in September 2014, Yijiupi operates a platform that facilitates the wholesale distribution of premium alcoholic products, allowing consumers to access a diverse range of offerings from a single, efficient source. The company promotes nationwide distribution channels for liquor stores and also provides services such as warehouse and distribution sharing, as well as supply chain financial services. This approach aims to enhance the overall user experience by streamlining access to alcoholic and snack products.

Uban

Series A in 2015
Uban provides an internet office leasing and trading services platform that helps to connect owners, customers and brokers, corporate customers in order to provide office rental and follow-up services, enabling its clients to receive real estate related services through a single portal. The company is based in Beijing, China.

Qudian

Series E in 2015
Qudian is an electronics retailer from China that provides installment payment and investment management platform for micro-lending to fulfill short term financial needs.

Taoshijie

Series B in 2015
Taoshijie is a Beijing-based e-commerce company. Launched in August 2014, Taoshijie focuses on bringing luxury consumer products from overseas markets back to shoppers in China. It claims to have five million registered users, with daily active users of 100,000.

Zhaomei.com

Angel Round in 2015
Zhaomei.com operates a B2B e-commerce platform dedicated to the coal market in China, facilitating transactions between coal sellers and buyers. The platform enhances sales channels through a free one-to-one matching system, promoting efficient interaction between market participants. In addition to its e-commerce services, Zhaomei.com provides comprehensive supply chain solutions that encompass production, transportation, marketing, and industry consulting. The company leverages advanced technologies, including the Internet of Things, cloud computing, big data, and artificial intelligence, to develop digital systems and data services. These innovations aim to support coal companies in operating more efficiently, intelligently, and safely, positioning Zhaomei.com as a leader in the coal supply chain services sector.

Che300

Series A in 2015
Akin to Kelly’s Blue Book in the U.S., Car300 is the most comprehensive dominant leader in the used-car appraisal market. The penetration rate is more than 90% in China’s car dealer market and Car300 is the exclusive appraisal data provider to most of the online market places. Car300 also provides financial services and insurance products to transaction parties.

Ether Capital

Series A in 2015
Ether Capital is a venture finance and advisory company founded in 2014 and based in Beijing, China. The firm specializes in providing capital and consulting services to support innovation and entrepreneurship, catering to start-up businesses, financial institutions, and the media. Ether Capital is dedicated to investing in internet-based enterprises that embody a new economic model, with a diverse portfolio spanning various industries. Through its commitment to fostering growth and development, the company aims to empower its clients to thrive in the evolving business landscape.

Ebaoyang

Series B in 2015
Ebaoyang is a Beijing-based company that specializes in online-to-offline car maintenance services. It offers an integrated ecosystem that connects clients with a marketplace for automobile maintenance, allowing mechanics to provide on-demand services at convenient locations such as homes or offices. This model enhances accessibility and convenience for vehicle owners seeking maintenance solutions.

Zhangyu

Series A in 2015
Zhangyu is a sports platform in China.

Feidee

Series B in 2015
Feidee is a company based in Beijing, China, founded in 2010, that specializes in online personal finance management. It operates platforms that allow users to record their daily expenses and manage their personal finances efficiently. One of its key offerings is Kaniu, a mobile application designed to help users track credit card expenditures. Through its services, Feidee aims to assist individuals in budgeting for costs and managing their savings effectively.

Qudian

Series D in 2015
Qudian is an electronics retailer from China that provides installment payment and investment management platform for micro-lending to fulfill short term financial needs.

lantouzi.com

Series A in 2015
Lantouzi.com is an online investment banking platform that helps small- and medium-sized enterprises fulfill their business financing needs. It was launched in 2014 and is based in Beijing, China.

ETCP

Series A in 2015
ETCP is a leading brand in the intelligent parking industry, recognized for its innovative approach to parking management. Founded in 2012 and headquartered in Beijing, the company operates under the guidance of the Chinese government's smart city initiative, which aims to improve urban public service management. ETCP has established a robust presence with nearly 20 affiliated companies across major cities in China and internationally, employing thousands of individuals. The company specializes in developing a smart parking application that utilizes big data and cloud computing, allowing users to search for and reserve parking spaces in real time, as well as facilitating automatic online payments. With a market value exceeding 4 billion yuan, ETCP continues to shape the future of parking solutions.

Lean Work

Angel Round in 2014
Lean Work HK Limited operates an online financial trading platform tailored for brokers in the foreign exchange and bullion markets. Founded in 2014 and headquartered in Shanghai, the company offers a suite of services including Broker Work, a customized back office management system, and Trader Account, a client portal that facilitates basic online business services for traders. Additionally, Lean Work provides Dealer Work, a risk hedging system that utilizes cloud architecture and features a user-friendly graphical interface accessible via web browsers. The company also supplies cloud hosting services, designed to enhance operational efficiency for financial brokers and traders alike.

Yijiupi

Series A in 2014
Yijiupi is an e-commerce company based in Wuhu, Anhui, China, that focuses on restructuring the wine supply chain while expanding into the beverage and food industries. Founded in September 2014, Yijiupi operates a platform that facilitates the wholesale distribution of premium alcoholic products, allowing consumers to access a diverse range of offerings from a single, efficient source. The company promotes nationwide distribution channels for liquor stores and also provides services such as warehouse and distribution sharing, as well as supply chain financial services. This approach aims to enhance the overall user experience by streamlining access to alcoholic and snack products.

Guazi Car Rental

Series B in 2014
Guazi Car Rental is a Beijing-based P2P (peer to peer) car sharing platform. The platform allows private car owners to rent their vehicles to customers, in a model similar to the home sharing services provided by Airbnb.com. START was rebranded as Guazi Car Rental. Guazi Car Rental is operated in China.

Haoche51.com

Series A in 2014
It is a Beijing based online used car trading platform Haoche51.com

RiceQuant

Angel Round in 2014
RiceQuant is a developer of a quantitative asset management system based in China, aimed at transforming the asset management industry. The company creates advanced solutions that integrate financial data, investment research, portfolio optimization, and performance and risk attribution. By leveraging the latest technology and quantitative methodologies, RiceQuant promotes a deep integration of financial business scenarios. Its platform connects quantitative traders and financial experts with financial institutions, facilitating collaboration to optimize trading strategies and enhance investment outcomes.

Ebaoyang

Series A in 2014
Ebaoyang is a Beijing-based company that specializes in online-to-offline car maintenance services. It offers an integrated ecosystem that connects clients with a marketplace for automobile maintenance, allowing mechanics to provide on-demand services at convenient locations such as homes or offices. This model enhances accessibility and convenience for vehicle owners seeking maintenance solutions.

Yinker

Series A in 2014
Yinker is a Beijing-based company. It hopes to use technology to drive industry development through the integration of finance and technology.

1caifu.com

Series A in 2014
1caifu.com operates a wealth management service platform, which offers financial management services. It was formed on a mission to to solve the professional pain points faced by wealth management division of wealth management institutions and make financial management division more free and more efficient to serve high net worth customers. the company was founded in 2013 and i s headquartered in Shanghai, China.

juaicai.cn

Angel Round in 2014
juaicai.cn offers an online financial and asset management platform. It offers risk control systems to protect its users’ assets. juaicai.cn was founded by Heng Ren in September 2014. It is based in Beijing, China.

Taoshijie

Series A in 2014
Taoshijie is a Beijing-based e-commerce company. Launched in August 2014, Taoshijie focuses on bringing luxury consumer products from overseas markets back to shoppers in China. It claims to have five million registered users, with daily active users of 100,000.
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