Tsinghua Holdings Capital

Tsinghua Holdings Capital is a private equity firm based in Beijing, China, established in 2007 as the investment arm of Tsinghua Holdings Group. The firm focuses on investing in growth-stage companies across various sectors, including technology, media and telecommunications, entertainment, industrials, and healthcare. With over RMB 10 billion in assets under management, Tsinghua Holdings Capital aims to identify and support leading enterprises that exhibit high growth potential. The firm employs strategies such as growth capital investments and management buyouts to achieve strong returns for its stakeholders.

Pan Dong

Managing Partner and Head of Strategy

Desong Fang

Managing Partner Healthcare Fund

Hua Hua

Managing Partner

Yujiang Jin

Managing Partner

Yuanfeng Li

Managing Partner Buyout Fund

Zhao Wei

Managing Director

Cheng Xiong

Managing Director

Li Yu

Managing Director and Head of Post Investment Management

Yang Zhang

Chairman, Founder

49 past transactions

Qianxun Intelligence

Seed Round in 2025
Qianxun Intelligence is an intelligent technology developer that offers software development, intelligent robot research and development, AI hardware sales, AI application software development, information system integration services, and Internet sales.

Shanghai Yixi Technology

Seed Round in 2024
Yixi Technology is a company that specializes in high-temperature superconducting magnet technology. It develops and operates a technology platform aimed at leveraging core advancements in superconductivity to transform future energy and transportation sectors. The company focuses on creating fusion high-field magnets and superconducting magnets designed for high-speed maglev trains. By providing sophisticated superconducting application solutions, Yixi Technology aims to deliver significant improvements for industry users, contributing to innovations in energy efficiency and transportation systems.

Sinovent

Series E in 2024
Sinovent Inc. is a biopharmaceutical company established in 2016, with its headquarters in Suzhou, China, and additional offices in Beijing and Boston. The company focuses on developing innovative treatment methods through its advanced biotechnology platform and extensive management experience. Sinovent aims to address global healthcare challenges by combining expertise in science, management, and finance. Currently, it has 12 products in development, primarily targeting oncology, autoimmune diseases, and infectious diseases.

Lanxin Computing

Angel Round in 2023
Lanxin Computing is a high-performance chip design company that focuses on the research and development of CPUs with RISC-V ecosystems.

Advancechip

Series D in 2023
Advancechip specializes in the design and manufacture of digital signal processor (DSP) chips and embedded solutions. The company aims to enhance the efficiency and reliability of applications while reducing development and operational costs for its customers. With a strong emphasis on independent control, Advancechip develops advanced software and hardware platforms that support its DSP core technology. The firm is committed to delivering safe, reliable, and effective DSP products and solutions, backed by a professional team skilled in high-quality DSP design. Through its innovative approach, Advancechip seeks to provide customers with independently controllable DSP technologies that meet their specific needs.

Aerofugia

Venture Round in 2023
Aerofugia is a technology company with low-altitude travel and vehicle-mounted flight as its core, and a practitioner of the new general aviation strategy under Geely Technology Group.

Jiuyao Optoelectronics

Angel Round in 2023
Jiuyao Optoelectronics is a developer of trans-perovskite solar cells with an emphasis on perovskite material technologies.

Skylimit Entertainment Group

Series C in 2023
Sky Limit Entertainment Group is committed to creating the ultimate immersive social entertainment experience with VR.

Aerofugia

Series A in 2023
Aerofugia is a technology company with low-altitude travel and vehicle-mounted flight as its core, and a practitioner of the new general aviation strategy under Geely Technology Group.

China Reserve National Energy

Series A in 2023
China Reserve National Energy is a developer of air energy storage technology. This technology has the advantages of large scale, low cost, long life, clean and pollution-free, unlimited energy storage period, independent of fossil fuels and geographical conditions, etc.

Bose Quantum

Venture Round in 2023
Bose Quantum has the patent layout and core technology of quantum computing technology comparable to that of the United States. The scientific research achievements in the field of quantum computing are currently the only solution with short-term commercialization feasibility in the world, creating a new generation of quantum computing power acceleration for artificial intelligence. Artificial intelligence co-processing equipment to achieve megabit ultra-large-scale quantum computing. The Bose Quantum team has completed the CIM engineering prototype verification of 1000+ qubits abroad, and has stably running some accelerated algorithms. The technical advantages of Bose Quantum are reflected in the fact that the CIM technology solution adopted is the most advanced second-generation optical quantum computing technology, which is the most advanced quantum computing technology route in the three major mainstream scalable quantum computing technology routes of superconductivity, ion trap and optical quantum. The largest technical solution.

CVA Chip

Series B in 2023
CVA Chip is a developer and manufacturer of intelligent sensing chips tailored for applications in the automotive sector, Internet of Things (IoT), and mobile devices. The company focuses on research and development of high-performance processors and chips that facilitate advanced computing hardware, thereby enabling edge intelligence. Its multi-modal Sparrow architecture platform supports various projects, including 3D face recognition vision chips, binocular vision chips, intelligent decoding scaler chips, and a series of MCU+ perception and driver chips. Through its innovative technology, CVA Chip aims to enhance the capabilities of intelligent devices across multiple industries.

TuringQ

Series A in 2023
Established in February 2021, TuringQ is committed to the research of quantum information. Through the R&D of lithium niobate on insulator (LNOI) photonic chips and femtosecond laser direct writing technology, the photon chips that enable large-scale photonic circuits integration can be prepared and an optical quantum system with a whole new level of scale and complexity can be built. At present, TuringQ has achieved leading advantages in photonic quantum chips, scientific research-grade photonic quantum computers, photonic quantum measurement and control systems, photonic quantum EDA software, and photonic quantum cloud platforms.

Xunyi

Series B in 2022
Antwork is an AI drone company, which is creating a new logistics network with unmanned drones, and cars.

7Invensun Technology

Series D in 2022
7Invensun Technology, established in 2009 and based in Beijing, specializes in eye-tracking and machine vision technologies. The company focuses on the research and development of various technologies, including eye-motion control, head-tracking, gaze point tracking, and facial identification. With a dedicated R&D team and independent intellectual property, 7Invensun aims to lead the eye-tracking technology sector in China. Their product lineup includes devices such as sSee (an eye-tracking device), aGlass (wearable glasses), and aMouse (a head-tracking mouse), alongside tailored technology solutions for PCs, tablets, smartphones, and smart glasses. The company has also established itself as a significant partner of Qualcomm, enhancing its presence in the technology landscape.

Chilye

Venture Round in 2022
Chilye specializes in high-power electronic components and high-voltage connectors, focusing on the development and production of power distribution units, manual service disconnectors, charging and swapping connectors, and portable charging equipment. The company is dedicated to creating a comprehensive range of high-voltage electrical units specifically designed for alternative energy vehicles. By emphasizing technical research and development, Chilye provides clients with integrated solutions for complete vehicle systems in the electric vehicle sector.

Trinova Technology

Series B in 2022
Trinova specializes in the development and production of advanced automotive electronic systems, focusing on intelligent wire-controlled chassis and safety technologies. The company is engaged in creating a range of innovative products, including redundant electronically controlled steering, eBooster, and various advanced safety systems such as electronic stability control and autonomous driving components. Trinova's expertise encompasses the entire process from research and development to testing, manufacturing, and calibration of automotive chassis electronic control products. By prioritizing high-quality standards, Trinova aims to enhance vehicle dynamics control and contribute to the advancement of smart driving safety technologies in the automotive industry.

China Immunotech

Series B in 2022
China Immunotech is a small molecule innovative drug R&D company developing immune cell therapy technologies and products. Including CAR-T and TCR-T cell therapy with independent intellectual property rights. It was founded in March 2018 by famous immunologists.

Ingeek

Series B in 2022
Shanghai InGeek Cyber Security Co., Ltd, founded in 2002 and headquartered in Shanghai, China, specializes in information, network, and system security services. As a subsidiary of Shanghai Yinji Information Technology Co., Ltd, InGeek focuses on consulting, implementation, operation, maintenance, and software development related to cybersecurity. The company is committed to enhancing Internet of Things (IoT) security and provides industry-specific network information security products and comprehensive security solutions primarily for the communications, financial, and automotive sectors. InGeek aims to create a safer and smarter environment for connected vehicles, promoting innovation in technology while ensuring robust protection against cyber threats.

Nebula Link

Series B in 2022
Nebula Link specializes in vehicle-to-road collaboration technology, focusing on the development of comprehensive vehicle-to-everything (V2X) solutions. The company provides a range of products, including intelligent roadside terminal stations, vehicle multi-mode antennas, traffic signal sensing monitors, and area synergy controllers. In addition to its hardware offerings, Nebula Link also delivers a V2X protocol stack and professional research and development tools, supporting mass production and testing of V2X applications. By enabling effective communication between vehicles, infrastructure, and the cloud, Nebula Link aims to facilitate advancements in autonomous driving and contribute to the development of smart cities, ultimately transforming the future of mobility.

Hoteam Software

Series C in 2022
Hoteam Software is a provider of intelligent manufacturing solutions aimed at transforming enterprise operations. The company emphasizes independent innovation and the development of controllable industrial software to support the advancement of China's industrial sector. Hoteam Software specializes in 3D software and offers a comprehensive range of services, including computer-aided design (CAD), computer-aided manufacturing (CAM), computer-aided process planning (CAPP), product data management (PDM), product lifecycle management (PLM), manufacturing execution systems (MES), warehouse management systems (WMS), and supplier relationship management (SRM). By leveraging its technology platforms, Hoteam Software enables industrial enterprises to enhance work efficiency and reduce operational costs through three-dimensional design, intelligent management, and visualization capabilities.

Deer

Series A in 2021
Fujian Deer Technology specializes in the research, development, production, and sale of chemical materials, particularly fluorine-containing electronic gases and high-purity semiconductors. The company manufactures a range of products that are essential in various industries, including semiconductor chips, LED chips, displays, communication optical fibers, and energy storage solutions. Its offerings also extend to applications in ultra-high voltage power transmission, solar photovoltaic systems, and the defense sector. By providing alternatives for semiconductor chemicals, Fujian Deer Technology supports advancements in high-end display panels, new energy materials, and aerospace technologies.

Intellifusion

Series C in 2020
Shenzhen Intellifusion Technologies Co., Ltd., established in 2014, specializes in artificial intelligence and chip technology. The company focuses on developing core products, including algorithm software and AI chips, aimed at enhancing various sectors such as public safety, social governance, and the Internet of Things (IoT). Intellifusion strives to create a digital twin city through its comprehensive AI technology platform, which has been effectively implemented across numerous cities in China and Southeast Asia. With a team of international experts, the company aims to integrate AI solutions into everyday applications, significantly impacting urban management and development.

Neuracle

Series A in 2019
Neuracle is a prominent enterprise in China's neuroscience sector, specializing in neural monitoring and diagnostic technology. Leveraging advanced brain-machine interface technology developed in collaboration with Tsinghua University, Neuracle focuses on innovative research across neuroscience, psychology, and neuroengineering. The company provides comprehensive solutions for the diagnosis, treatment, and rehabilitation of clinical neurological diseases. Its product offerings include digital electroencephalographs that allow healthcare institutions to monitor patients' brain bioelectricity levels and facilitate accurate diagnoses of neural conditions. Neuracle's contributions span various fields, including clinical medicine and management marketing, and the company's research and development efforts have garnered recognition from experts in neuroscience and clinical medicine both domestically and internationally.

CytoNiche

Series A in 2019
CytoNiche is engaged in the development of 3D micro-organization engineering technology, primarily for stem cell research. The company utilizes technology derived from Tsinghua University to create innovative solutions such as automated and intelligent stem cell culture amplification processes. Its offerings include high-quality stem cell cultures, injectable 3D micro-tissue treatments, and 3D drug screening microcarriers, which facilitate extensive drug screening operations. CytoNiche aims to provide reliable 3D micro-tissue products and services tailored for research institutes, clinical organizations, stem cell companies, and drug research enterprises, thereby advancing the capabilities in stem cell research and drug development.

Talk-Cloud

Series A in 2019
Talk-Cloud was founded in November 2016 and was founded by audio and video experts with many years of experience in China. The company has professional audio and video technology, providing a complete set of online education full scene solutions for online education, government companies and other institutions. At present, the company has provided services for nearly one thousand educational institutions. The global cloud network that has been deployed in many nodes in Asia, Europe, America, Africa and Oceania escorts the perfect smooth operation of online audio and video.

Tengden

Funding Round in 2019
Tengden offers large-scale UAV products, operations, technology, and training.

G7

Private Equity Round in 2018
G7 is a provider and operator of fleet management systems that focuses on optimizing the transportation ecosystem in China. With an installation base of 800,000 cargo vehicles, the company utilizes proprietary hardware devices to gather critical data for logistics companies and drivers. Its platform enables businesses to monitor the location of trucks, track cargo status—including temperature and humidity—analyze fuel consumption, and record driver habits. By offering tools for route optimization and estimating departure and arrival times, G7 helps corporate clients and business owners enhance the efficiency of their transportation networks.

Hanyi Fonts

Series A in 2018
Hanyi Fonts, also known as Beijing Hanyi Innovation Technology Co Ltd, focuses on the research, development, design, and sales of digitized Chinese fonts. The company specializes in creating a diverse range of font designs and developing font library products, while also engaging in research related to Chinese character information technology. Hanyi Fonts is committed to providing innovative solutions for Chinese character applications, leveraging its core independent intellectual property rights to enhance its offerings in the field of typography.

Lihang Technology

Funding Round in 2018
Lihang Technology specializes in the production, maintenance, and support of aircraft. The company's offerings include advanced equipment such as digital jacks and attitude adjustment platforms, as well as a digital chemical engineering laboratory. Additionally, Lihang Technology is involved in the assembly of specific components, including the barrel section of the fuselage for certain civil regional airliners. Through these services and products, the company plays a vital role in the aviation industry, contributing to the efficiency and safety of aircraft operations.

TSC

Series C in 2018
Xinjinghe Laser Technology Development (Beijing) Co., Ltd. is a company that focuses on high-end manufacturing industries such as aerospace, navigation, and nuclear power. It specializes in complicated metal component customisation, product design and optimization, and software customization. Development and sales, technical advice and services, product remanufacturing and repair, 3D printing equipment manufacturing and sales of national high-tech businesses, is China's leading provider of metal additive/subtractive manufacturing technology comprehensive solutions.

MaxEn

Angel Round in 2018
MaxEn aims to provide personalized English learning solutions for young people.

MyPlas.com

Post in 2018
myplas.com is an e-commerce platform specializing in the trading of plastic raw materials. It serves as a B2B marketplace that facilitates transactions between various stakeholders in the plastic industry. The platform integrates essential services such as information collection, logistics, and supply chain management, enhancing the trading experience for both upstream and downstream companies. By leveraging big data, myplas.com aims to streamline the process of sourcing and supplying plastic materials, making it easier for businesses to connect and conduct transactions efficiently.

Ronbay Technology

Venture Round in 2018
Ningbo Ronbay New Energy Technology Co., Ltd. specializes in the research, development, production, and sales of lithium battery cathode materials, operating both in China and internationally. Based in Yuyao, China, the company offers stable performance products and preparation technologies that support energy-density requirements for leading power battery manufacturers worldwide.

TSC

Series B in 2017
Xinjinghe Laser Technology Development (Beijing) Co., Ltd. is a company that focuses on high-end manufacturing industries such as aerospace, navigation, and nuclear power. It specializes in complicated metal component customisation, product design and optimization, and software customization. Development and sales, technical advice and services, product remanufacturing and repair, 3D printing equipment manufacturing and sales of national high-tech businesses, is China's leading provider of metal additive/subtractive manufacturing technology comprehensive solutions.

UCAS

Series C in 2017
UCAS manufactures electrical devices and systems for aviation, aerospace, and military applications. They serve space electronics, military electronics, special industrial electronics, secure and hardened terminals, and emerging businesses. Through innovative high-reliability and intelligent software and hardware technologies, the company focuses on its customers and aspires to become a leading supplier of key electronic systems in China.

EVER

Post in 2017
EVER specializes in the manufacturing, sales and service of network data accurate analysis and communication test instrument.

SKYVERSE

Angel Round in 2016
Skyverse focuses on the R&D and production of industrial intelligent testing equipment. The SKYVERSE product line meets the majority of the optical measurement and inspection needs of semiconductor front-end and middle-end. SKYVERSE offers advanced optical detection technology and complete solutions for the integrated circuit front-end and advanced packaging industries, as well as precision processing and manufacturing.

Twenty First Century Aerospace Technology

Post in 2016
Twenty First Century Aerospace Technology Co., Ltd specializes in commercial earth observation (EO) satellite operations and geospatial information services. Based in Beijing, the company manages a constellation of small satellites, including those capable of capturing 1-meter optical imagery. It provides a comprehensive range of services encompassing satellite procurement, operational management, data acquisition, image processing, and geo-information services. The company’s offerings include high-quality imaging data, value-added images, and spatial remote sensing services, as well as software solutions for image data processing and smart satellite management. Its geo-information services cater to various applications, including land cover analysis, change detection, and 3D simulation, supporting government and commercial sectors in areas such as city management, resource monitoring, and disaster response. Founded in 2001, Twenty First Century Aerospace Technology leverages advanced technology and algorithms for large-scale data processing to serve both domestic and international clients.

LONGFU

Angel Round in 2016
Guangdong Longfu Pharmaceutical is an enterprise integrating drug research and development, drug production, and sales. The company's drug approval numbers cover the categories of therapeutic fields such as cardiovascular and cerebrovascular, antiviral, digestive, respiratory, antitumor, immune regulation, endocrine, etc., and the dosage forms include freeze-dried powder injection, injection, oral solid preparation, etc. The company's main products are cerebroprotein hydrolyzate for injection, adenosine monophosphate for injection, and hepatocyte growth-stimulating hormone for injection, etc.

Yitang Semiconductor

Angel Round in 2016
Yitang Semiconductor is a semiconductor equipment manufacturer. Yitang Semiconductor provides dry strip, dry etching, rapid thermal processing (RTP), millisecond rapid thermal processing (MSA) and other equipment for global 12-inch wafer fab customers and application solutions.

Sino Jet Management

Series B in 2015
Sino Jet, founded in 2011, is a prominent business jet operator and management company in Asia, managing approximately 40 business jets and related assets. The company provides a comprehensive suite of services, including business jet management and charter services, through its wholly-owned Sino Jet Group of Companies. This structure allows Sino Jet to deliver efficient in-house operations tailored to client needs. With dual headquarters in Beijing and Hong Kong, the company also maintains bases in several key cities across Greater China, including Shanghai, Shenzhen, and Guangzhou, as well as in Singapore.

Eqxiu.com

Series A in 2015
Eqxiu.com is a China-based mobile content production, marketing, and management platform that specializes in developing HTML5 language solutions. The company focuses on empowering small and medium-sized businesses by providing them with tools to easily create and manage their own HTML5 websites. Through its user-friendly platform, Eqxiu.com aims to simplify the process of online content creation and enhance digital marketing capabilities for its clients.

Daoyoudao

Venture Round in 2015
Daoyoudao is a Beijing-based technology company that specializes in providing digital marketing services aimed at user growth. Serving clients across various sectors, including internet, education, and automotive industries, the company focuses on acquiring new users through digital effect marketing. Additionally, Daoyoudao enhances user engagement by utilizing programmatic content strategies. Their expertise encompasses information flow advertising and short video advertising, enabling clients to effectively reach and activate their target audiences.

Kangxi Communication Technology

Angel Round in 2014
Kangxi Communication Technology is a design company that develops low-power consumption RF front-end integrated circuit chips.

Sino Jet Management

Series A in 2013
Sino Jet, founded in 2011, is a prominent business jet operator and management company in Asia, managing approximately 40 business jets and related assets. The company provides a comprehensive suite of services, including business jet management and charter services, through its wholly-owned Sino Jet Group of Companies. This structure allows Sino Jet to deliver efficient in-house operations tailored to client needs. With dual headquarters in Beijing and Hong Kong, the company also maintains bases in several key cities across Greater China, including Shanghai, Shenzhen, and Guangzhou, as well as in Singapore.

Daoyoudao

Angel Round in 2013
Daoyoudao is a Beijing-based technology company that specializes in providing digital marketing services aimed at user growth. Serving clients across various sectors, including internet, education, and automotive industries, the company focuses on acquiring new users through digital effect marketing. Additionally, Daoyoudao enhances user engagement by utilizing programmatic content strategies. Their expertise encompasses information flow advertising and short video advertising, enabling clients to effectively reach and activate their target audiences.

TopAlliance Biosciences

Angel Round in 2012
TopAlliance Biosciences is a biopharmaceutical company engaged in the development of innovative drugs. With a focus on addressing unmet medical needs, the company is involved in research and development activities aimed at bringing new therapeutic options to patients globally. TopAlliance Biosciences operates in the manufacturing sector, leveraging scientific research to advance drug development projects. The company's efforts are geared towards creating effective treatments through rigorous scientific methodologies and clinical trials. Collaboration and partnerships are key components of its strategy to enhance its research capabilities and expand its portfolio of drug candidates.

Galloping Horse

Series A in 2008
Galloping Horse is a cultural media group enterprise operating in advertising, TV dramas, movies, drama clubs, performing arts brokerage, and other fields.They specialize, shouldering the mission of casting products, gathering elites, and creating classics.
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