Source Code Capital

Source Code Capital, established in 2014, is a prominent venture capital firm based in China, specializing in the Technology, Media, and Telecommunications (TMT) sectors. With approximately $1.5 billion USD and RMB 3.5 billion under management, the company invests in both early-stage startups and growth-stage companies, focusing on three key areas: Internet+, AI+, and Global+. Their portfolio spans across various sectors, including media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare. Since its inception, Source Code Capital has successfully partnered with nearly 150 leading Chinese technology founders, such as Bytedance and Meituan. The firm offers a comprehensive range of post-investment services, mentorship, resources, and global perspectives to support its portfolio companies and their founders.

Kaisi Chang Ph.D

Executive Director

Runze Chen

Executive Director

Dandan Chen

Executive Director

Wu Fan

Managing Director

Yiwen Hao

Vice President

Yungang (Samuel) Huang

Partner

Li Lulin

Investor

Di Wang

Managing Director

Wu Jian

Partner

Tong Xiang

Partner

Lei Xin

Vice President

Di Yuan

Partner

Past deals in Restaurants

Guduwai Chinese Hamburger

Series A in 2025
Guduwai Chinese Hamburger is a brand of Hunan Guduwai Catering Management. It combines traditional pastry craftsmanship with modern hamburger forms.

Xiweiying Dumplings and Claypots

Series A in 2025
Xiweiying Dumplings and Claypots is a Chinese fast food brand which provides customers with a healthy and delicious dining experience

Pivos Burger

Series B in 2024
Pivos Burger has consistently prioritized the e-sports sector and is dedicated to developing an innovative business model that merges fast food, specifically burgers, with e-sports culture. At present, the company has established over 100 locations nationwide, drawing in more than 20 million customers annually.

Tustin

Seed Round in 2023
Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.

Chen Xianggui

Series B in 2022
Chen Xianggui is a catering brand and servicer that makes Lanzhou ramen and snacks, braised beef skewers, mutton, and other products.

Tustin

Seed Round in 2021
Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.

Xi Jie Fried String

Series A in 2021
Xi Jie Fried String is a type of catering enterprise integrating catering chain, food research & production, marketing, and brand building.

Jiaoer Waimai

Series A in 2014
Fast Food Chain Focused on Sichuan Cuisine
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