IDG Capital is a venture capital and private equity investment firm focused on funding technology companies across early to growth stages. It blends global perspective with deep local expertise in China and Asia, mobilizing international resources to support inbound and outbound opportunities. Headquartered in Hong Kong and established in 1993, the firm has built one of the first institutional investment platforms in China and maintains relationships with influential business leaders. It works with private equity and venture capital fund managers, investment advisors, and entities worldwide, managing funds in USD and RMB and backing portfolio companies with a long-term value approach, particularly in software, information technology, and related sectors.

Morningside Group is a venture capital firm founded in 1986, originally established as a family office for the Chan family, and is based in the greater Boston area. The firm makes venture investments in companies with novel science and technology, pursuing a long-term, patient approach to company-building and emphasizing ethical practices. Its investment focus spans life sciences, digital health, artificial intelligence, materials science, and information technology. In addition to its investment activities, Morningside supports charitable initiatives in education, research, and healthcare, with partnerships including the Harvard T.H. Chan School of Public Health, UMass Chan Medical School, and the MIT Morningside Academy for Design.

Hiway Capital is a venture capital firm based in Guangzhou, China. Established in 2007, it focuses on investments across manufacturing, healthcare, new materials and energy, agriculture, and enterprise services.

SDIC Innovation Investment Management is the private equity and venture capital arm of State Development & Investment Corp. It makes investments across technology and manufacturing sectors, including mobile internet, internet of things, cloud computing, big data, information technology services, industrial robotics, and intelligent manufacturing. The firm also targets high-end medical equipment, diagnostics, high-value consumables, modern agricultural equipment, ships and marine engineering, new materials, clean energy, energy conservation, and healthcare; for new energy vehicles it focuses on intelligent upstream and downstream supply chains, power batteries and systems, and related technologies. Founded in 2009, the company is based in Beijing with an additional office in Asia. The firm aims to support development and deployment of innovative technologies through private equity and venture capital investments.

Qiming Venture Partners is a China-based venture capital firm founded in 2006, with offices in Shanghai, Beijing, Suzhou, Hong Kong and Singapore. It backs early and growth-stage technology, consumer and healthcare companies, applying deep industry knowledge and hands-on support to help portfolio companies scale. The firm manages US-dollar and RMB funds and maintains a global footprint, including a dedicated US arm, Qiming Venture Partners USA, to pursue cross-border opportunities in healthcare, therapeutics and digital health. Since inception, it has invested in more than 530 companies and achieved more than 200 exits via IPOs, M&A or other means, with over 70 portfolio companies reaching unicorn or super unicorn status. Qiming emphasizes long-term partnerships with entrepreneurs, aligning resources and networks to drive innovation and societal progress across its portfolio.

Shenzhen Capital Group is a government-backed venture capital and private equity firm based in Shenzhen, established in 1999. It concentrates on early-stage and growth investments in information technology, internet, new media, biopharma, new energy, environmental protection, advanced materials, high-end equipment manufacturing, and consumer sectors, with a focus on SMEs and enterprises in emerging industries. The firm seeks long-term value creation through active portfolio development, including post-investment services that support growth and commercialization. Beyond direct investments, it manages broader capitalization activities such as mutual funds, real estate funds, and asset securitization. Shenzhen Capital Group has built a large, diversified portfolio and has supported numerous companies through to initial public offerings in domestic and international markets.

Legend Capital is a Beijing-based venture capital firm and the investment arm of Legend Holdings, founded in 2001 to back high-growth technology and related companies in China and markets connected to China. The firm concentrates on early-stage IT, telecommunications, media, healthcare, consumer services, modern services, and sectors such as infrastructure, clean technology, and advanced manufacturing. It provides portfolio companies with strategic resources, market access support, and tailored services to help with business development, branding, and navigating the Chinese market, aiming to create value and maximize returns for investors.

Matrix Partners is a venture capital firm founded in 1977 and based in San Francisco that funds early-stage technology companies. The firm focuses on applied AI, B2B software, fintech, health tech, infrastructure and hardware, and supports ventures from idea to Series A with a hands-on, founder-friendly approach drawn from its team of former entrepreneurs. It has backed and partnered with companies such as Apple, FedEx, Oculus, Canva, Zendesk and HubSpot, Postmates and Fivetran, illustrating a history of broad technology investments across the United States, China and India. Matrix Partners combines local knowledge with global experience to help portfolio companies scale into category-leading businesses.

Panda Capital is a China-based venture capital firm founded in 2015 that focuses on early-stage investments, from angel to Series B, in technology-driven startups. It aims to be a primary or early institutional investor for fast-growing companies in data-driven AI applications, enterprise services, fintech, logistics, mobility and transportation, and emerging consumer trends. Based in Shanghai, the firm seeks to support founders through initial growth stages and has backed a range of innovative ventures in the Chinese tech ecosystem.

Shunwei Capital is a Beijing-based venture capital firm founded in 2011 that focuses on early- to mid-stage investments in China’s internet and technology sectors. It targets opportunities across technology, media, telecommunications, high technology, new media, games, internet finance, and rural internet, with a focus on internet-enabled platforms and hardware such as IoT and mobile internet. The firm supports incubation and growth-stage rounds and has managed multiple funds targeting China and East Asia, including RMB and global vehicles. Its portfolio includes Xiaomi, Huami, iQiyi, and Viomi Technology, illustrating its track record of backing high-growth internet and hardware companies.

WI Harper Group is a cross-border venture capital firm with offices in Beijing, Taipei, and San Francisco. Founded in 1993, it focuses on early and early expansion investments across the United States, Greater China, and the Asia Pacific, with a history of backing technology, healthcare, clean technology, and related sectors. The firm pursues a global-local approach, providing financing, strategic guidance, and partnerships to help startups through early growth toward exits such as IPOs or acquisitions.

ZhenFund is a Beijing-based venture capital firm founded in 2011 by Bob Xu and Victor Wang in collaboration with Sequoia Capital China. It specializes in early-stage investments across technology-driven sectors including AI, e-commerce, education, fintech, life sciences, autonomous driving, and healthcare. The firm has built a broad network of more than 800 portfolio companies, including numerous unicorns, and supports entrepreneurs with mentorship and resources such as demo days, ZhenHR services, marketing and PR guidance, and fundraising assistance. Its active CEO network facilitates peer support via platforms like WeChat. ZhenFund also runs entrepreneur-focused initiatives such as ZhenSummer Grant, ZhenResidence, and ZhenCampus, aiming to foster innovation and practical market impact. The firm emphasizes founder quality and market need, seeking startups with ambitious goals and a hands-on approach to growth.

Y&R Capital is a Beijing-based venture capital firm and high-tech incubator established in 2015 that concentrates on medical health, artificial intelligence and robotics, and intelligent manufacturing; it funds precision medicine initiatives and related technologies and also offers incubation and service management to portfolio companies.

Kinzon (Shenzhen) Investment Management is a venture capital firm founded in 2016 that focuses on early‑stage and growth investments in leading‑edge technology, innovative consumption, and education sectors. The firm operates secondary funds and maintains offices in Beijing, Shanghai, and Shenzhen.

Bright Venture Capital is a venture capital firm headquartered in Shenzhen, China. It focuses on early- and middle-stage investments across technology-related sectors, including information technology, internet, cloud computing and advanced manufacturing, and seeks opportunities in adjacent areas such as media, telecommunications, culture and media, healthcare education, entertainment consumer, and new retail. The firm pursues investments in both private equity in the primary market and secondary stock opportunities.

GGV Capital is a global venture capital firm that, as of March 2024, operates as two distinct brands: Granite Asia, headquartered in Singapore, investing in the APAC region including Southeast Asia, Japan, China, India and Australia; and Notable Capital, based in Silicon Valley with offices in San Francisco and New York, investing in the United States, Israel, Europe and Latin America. The firm backs early- and growth-stage technology companies and leverages an international network to help portfolio companies scale across borders.

Glory Ventures is a Shanghai-based venture capital firm established in 2015 that backs early- and growth-stage startups. It pursues cross-border investments, notably in China and Israel, with a research-driven approach and a focus on intelligent hardware, IoT, AI, B2B enterprise services, consumption upgrade, and other technologies aligned with China’s industrial upgrading and the AI revolution. The firm seeks to build industrial ecosystems by integrating private equity and corporate resources, pursuing synergies across the broader value chain and considering exits through M&A or IPO. Its portfolio spans AI, IoT, FinTech, and advanced technologies, and it collaborates with industrial partners and established investors to accelerate adoption of deep-tech solutions across international markets.

Sequoia Capital China is a venture capital firm founded in September 2005, headquartered in Beijing, with additional offices in Hong Kong and Shanghai. The firm specializes in a wide range of investments across various stages, including seed, start-up, early, mid, late, and growth stages. Its investment focus spans multiple sectors, including consumer services, technology, healthcare, financial services, and energy. Key areas of investment include agriculture, education, industrial technology, clean technology, blockchain, and advanced manufacturing. Sequoia Capital China aims to support innovations in medical health, consumer goods, logistics, and artificial intelligence, among others. The firm typically invests between $100,000 and $1 million in seed companies, $1 million to $10 million in early-stage ventures, and $10 million to $50 million in growth investments. As a subsidiary of Sequoia Capital, it leverages a broad network and expertise to foster the development of promising businesses primarily within China.

F&G Venture is a venture capital firm established in September 2012 by a former rotating CEO of Huawei and a partner of Fidelity Asia. It focuses on investments in companies experiencing exponential growth in information technology sectors, including IT infrastructure, cloud computing, Internet of Things, SaaS, big data, microchips, and semiconductors, and also targets high-end manufacturing businesses such as modules, intelligent devices and equipment, robots, and drones.

Vertex Ventures is a global network of operator-investors that supports technology startups by pairing operating experience with access to capital, talent, partners and customers to help build globally scalable businesses. With activities across the United States, China, Israel, India and Southeast Asia, the firm provides hands-on support to portfolio companies, leveraging its ecosystem to help startups grow from early stages to global markets. The group emphasizes collaboration with founders and industry partners, active portfolio involvement, and a deep focus on software, data, security, healthcare and other technology sectors.

Northern Light Venture Capital is a venture capital firm established in 2005 that focuses on early- and growth-stage technology opportunities with a China-oriented mandate. It emphasizes information technology, TMT, healthcare, clean technologies, and consumer services, and has backed notable companies such as Meituan and Kaixin001 as part of its portfolio. The firm is led by a partnership of experienced Chinese and returnee executives, including Feng Deng and Yan Ke, and pursues opportunities that leverage China’s industrial and human resources to build lasting, global businesses.

Lightspeed Venture Partners is a global venture capital firm founded in 2000 and based in Menlo Park, California. It invests across the startup lifecycle, from seed to growth, in sectors including enterprise technology, consumer, fintech, health, and cleantech, with a focus on software, internet, mobile, and other technology-enabled businesses. The firm operates internationally with offices in Beijing, Shanghai, New Delhi, and Herzliya Pituach, enabling it to back entrepreneurs across the United States, Asia, and Israel.

Source Code Capital is a Beijing-based venture capital firm founded in 2014 that invests in Chinese technology companies across early and growth stages. It focuses on the TMT sector and the firm's core drivers Internet+, AI+ and Global+, backing companies across finance, media and entertainment, consumer services, enterprise, retail, transportation, housing, education and healthcare. The firm manages substantial capital, including about $1.5 billion and RMB 3.5 billion, and concentrates its investments in China. Through a post-investment platform it offers mentorship, resources and global perspectives to support founders. Its portfolio includes notable Chinese tech firms such as ByteDance, Meituan and Homelink, reflecting a hands-on approach to help founders scale.

5Y Capital is a China-based private equity and venture capital firm specializing in seed, start-up, early venture, and growth capital investments. It backs entrepreneurs across healthcare, life sciences, technology, fintech, internet, information services, consumer and business services, media, education, digital health, and medical devices, with a focus on China and Asia-Pacific markets. Founded in 2008 in Shanghai by Ken Shi and Richard Liu, the firm operates as part of the Morningside Group and maintains offices in Shanghai, Beijing and Hong Kong. Its investor base includes sovereign wealth funds, endowments, foundations, family offices and funds of funds. By supporting portfolio companies with capital and strategic guidance, it helps them scale and expand domestically and regionally.

Founded in 2013, Gaorong Capital is a Beijing-based venture capital firm that targets early-stage technology investments in the Asia-Pacific region. The firm backs companies across telecommunications, media, life sciences, cosmetics, and technology, helping them scale through strategic resources and guidance. Its investor base includes sovereign wealth funds, university endowments, pension funds, foundations, and funds of funds, as well as entrepreneurs from leading technology groups who contribute industry experience and global perspectives.

Xianghe Capital is a venture capital firm focusing on early and growth-stage investments in China’s TMT sector. Founded by Hesong Tang and Maggie Yang, former Baidu corporate development executives, the firm leverages strategic analysis and deep industry connections to identify and support transformative opportunities. The founders’ backgrounds include leadership in landmark deals in China’s internet landscape, such as iQiyi, Qunar, PPS and 91 Wireless, and experience across Baidu, other leading internet companies and VC funds.

SOSV is a global venture capital firm founded in 1995 and headquartered in New Jersey. The firm focuses on seed-to-growth investments in deep tech sectors, including biotech and life sciences, hardware and robotics, and cross-border software with emphasis on markets in Asia. It supports startups from early stages with investment capital as well as resources such as laboratories, collaborative spaces, and expert mentorship to accelerate product development and market traction. SOSV operates purpose-built programs to help portfolio companies raise follow-on funding, scale operations, and reach customers, often through structured matchmaking and access to a global network of investors. With a broad portfolio spanning hundreds of companies worldwide, SOSV aims to foster innovation, build vibrant entrepreneurial ecosystems, and contribute to sustainable technological advancement.

CDH Investments is a China-focused alternative asset manager established in 2002 by the former private equity group of China International Capital Corporation. Based in Beijing with an office in Hong Kong, it operates a diversified platform spanning private equity, venture, growth capital, real assets, mezzanine, public equities, and wealth management, and manages over $27 billion in assets under management. The firm concentrates on Greater China and primarily invests in consumer, technology, new energy, and healthcare sectors, while also pursuing opportunities in information technology, media, modern services, and industrial innovation. With an experienced team of senior private equity professionals who have worked together for years, CDH Investments aims to deliver long-term value by supporting growth and buyouts across its target industries.

GSR Ventures is a venture capital firm focused on early-stage technology companies, including AI-enabled enterprise software, consumer platforms, and digital health and medical technology. The firm backs entrepreneurs pursuing disruptive businesses with the potential to dominate multi-billion dollar markets. Founded in 2004 and based in Menlo Park, California, it operates in the United States and China, supporting early-stage companies from inception through growth.

Lighthouse Capital Management is a venture capital firm based in Shanghai, founded in 2011. It specializes in early-stage investments in hardware equipment, the internet, and enterprise data services, with activity in both China and the United States. It has invested in more than 40 companies domestically and overseas.

Accel is a Palo Alto-based venture capital firm founded in 1983 that backs early and growth-stage technology companies across software, enterprise, consumer internet, fintech, security, and related sectors. It builds a global community of entrepreneurs, providing not only capital but operational resources, mentorship, and access to a broad network of peers to help with product development, talent recruitment, and market expansion. Its portfolio includes category-defining companies such as Atlassian, Dropbox, Slack, Spotify, and others, reflecting a track record of supporting rapid growth and transformation across multiple geographies.

Blume Ventures is an Indian venture capital firm headquartered in Mumbai that concentrates on seed- and pre-Series A-stage technology startups across sectors such as consumer internet, enterprise software/SaaS, fintech, deep tech, climatetech, and agritech. The firm typically backs early-stage ventures in India, providing initial capital and long-term support, often engaging with founders for extended periods and pursuing follow-on investments as portfolios grow. It emphasizes a collaborative approach, co-investing with angels, seed funds, and other venture investors, and offers mentoring and in-house resources to help portfolio companies scale. Through its activities, Blume Ventures seeks to foster innovation and build a strong ecosystem for India's startup landscape.

K2VC is a Beijing-based venture capital firm focused on angel and early-stage investments in technology-driven startups in China. Founded in 2010, it backs ventures in internet, e-commerce, mobile internet, fintech, and other technology sectors, emphasizing technology upgrades, innovative business models, and changes in consumer lifestyles. The firm supports early-stage companies across areas such as advanced manufacturing, new energy, industrial digitalization, healthcare, and consumer technology to accelerate growth and innovation in the Chinese market.

Baidu Ventures is the corporate venture capital arm of Baidu that backs technology startups primarily in artificial intelligence and related fields. It pursues opportunities in AI, autonomous driving, robotics, big data, life sciences, and other technology sectors, supporting entrepreneurs from its offices in Beijing and San Francisco. The firm aims to help portfolio companies accelerate development and scale by leveraging Baidu's technical expertise and industry resources, reflecting Baidu's interest in advancing the next generation of AI-enabled products and services.

Oriza Holdings is a Suzhou-based investment holding company and asset manager in China. Through multiple investment arms, it conducts equity and debt investments, venture and growth financing, and fund-of-funds activities, aiming to connect investment resources with industrial capabilities. The group manages substantial assets and supports innovation by fostering platforms that integrate capital with technology and entrepreneurship. It backs startups and growth-stage companies across information technology, healthcare, biotechnology, artificial intelligence, semiconductors, cloud computing, big data, and other TMT sectors, with a focus on the China region and Southeast Asia. The firm emphasizes early-stage to mature investments and collaborates with industry and academic partners to promote regional economic development, including initiatives such as regional innovation competitions and talent development programs. By aligning capital with strategic sectors, Oriza Holdings seeks to enhance value across its portfolio while contributing to China's innovation ecosystem.

Venture Catalysts is an early-stage investment platform connecting startups and investors. It provides continuous capital and development support to its portfolio companies and operates an exclusive investor community that gives members access to the early-stage startup ecosystem.

Eight Roads Ventures is a global venture capital firm and the venture capital arm of Fidelity International. It partners with entrepreneurs across technology, healthcare, fintech, and related sectors, supporting startups from early stages through growth and helping them scale internationally. The firm maintains offices in the United Kingdom, United States, China, India, and Japan and pursues opportunities across diverse markets, often taking board seats to guide portfolio companies. Backed by Fidelity’s global network and capital resources, Eight Roads Ventures emphasizes strategic resources, operational support, and international expansion to drive long-term value for founders and stakeholders.

Tiger Global Management is a New York-based investment firm founded in 2001 by Charles (Chase) Coleman. It allocates capital to private and public markets worldwide, with a focus on technology, internet, consumer and financial services sectors, and regions including the United States, China, India, Latin America and Eastern Europe. The firm employs public equity strategies such as long/short and growth, alongside private investments across early to late stages, seeking high-quality growth opportunities and supporting portfolio companies throughout their lifecycle.

DCM Ventures is a venture capital firm founded in 1996 and based in Menlo Park, California, with offices in Silicon Valley, Beijing and Tokyo. It invests across software, consumer, enterprise, health tech, fintech and deep tech sectors, targeting opportunities in the United States, China and Japan. The firm manages funds totaling about $4 billion and has backed more than 400 technology companies, providing hands-on operational guidance and access to a global network of partners to support portfolio growth.

Oriental Fortune Capital is a Shenzhen-based venture capital firm that invests in seed to Pre-IPO opportunities across China. The firm backs early to growth-stage companies in information technology, semiconductors, big data, telecom, media and entertainment, biomedicine and healthcare, energy and environmental technology, new materials, advanced manufacturing, consumer goods, and related services. It concentrates on investments in key Chinese markets, with operations in Shenzhen and offices in Shanghai, Beijing and Wuhu, and focuses on the Pearl River Delta, Yangtze River Delta, and Circum-Bohai-Sea regions including major cities such as Shenzhen, Guangzhou, Shanghai, Nanjing, Tianjin and Beijing. Portfolio strategy emphasizes allocations of roughly 20% to early stage, 40% to expansion, and 40% to Pre-IPO opportunities. The firm seeks to identify innovative, growth-oriented technology and modern service companies that can scale domestically and regionally within China.

China Growth Capital is a Beijing-based venture capital firm founded in 2006 that invests in early to growth-stage companies. The firm focuses on sectors including SaaS, fintech, enterprise software and services, frontier technologies, life sciences, online education, consumer internet, and marketplaces, with a geographic emphasis on China and Silicon Valley. It typically supports seed to Series B rounds, with investment sizes commonly in the low to mid millions of dollars per company and a hard cap around fifteen million per company. The firm has built a multi-fund platform and manages assets across RMB and USD vehicles. China Growth Capital aims to back startups with scalable business models and global potential.

State Development & Investment Corporation is a state-owned investment holding company based in Beijing, China, with a diversified portfolio spanning infrastructure investments, financial services, and international business; it engages in electric power, coal development, ports and shipping, urban environmental protection, biomass energy, health, and related sectors, and provides financial services, asset management, consulting, engineering design, property management, and project services, while pursuing direct investments and international trade and cooperation; the company aligns its development activities with national strategies, integrating industrial investment with financial services and global operations to support economic growth and optimize its asset mix through strategic planning and government-market collaboration.

Highlight Capital is a Shanghai-based venture capital firm focused on healthcare, life sciences, wellness, and related sectors in China. Founded in 2014, it invests in areas including medical devices, pharmaceuticals, biotech, diagnostics, digital health, consumer health products, as well as chemical, biological, and materials sciences that enhance manufacturing efficiency and human wellness. The firm emphasizes value-oriented, research-driven investment and provides industry research and operational enablement to support portfolio companies' long-term growth.

SAIF Partners is an Asian private equity investment firm that provides growth capital to companies across information technology, internet, mobile, consumer products and services, healthcare, cleantech, education, modern agriculture, financial services and manufacturing, founded in 2001; it manages over $4 billion and has completed more than 100 investments, with local teams in Hong Kong, China, and India, pursuing minority investments in growth-stage, later-stage and early-stage companies across the region.

Plum Ventures is a venture capital firm based in China that concentrates on seed and early-stage investments. It backs technology, new media, telecommunications, consumer-focused businesses, and related sectors such as hardware, the new economy, and internet finance. The firm typically invests in rounds ranging from RMB 2 million to RMB 30 million. Founded in 2014, Plum Ventures supports early-stage companies across China, helping them scale and innovate in fast-changing markets.

Eli Lilly and Company is a global biopharmaceutical company engaged in discovering, developing, manufacturing, and marketing medicines across neuroscience, cardiometabolic, cancer, and immunology. The company operates manufacturing and distribution facilities in the United States, Puerto Rico, and multiple countries, with products sold in about 135 markets worldwide. Through ongoing research and development, Lilly aims to deliver therapies that improve patient outcomes and access to medicines. Its portfolio includes treatments such as Mounjaro and Jardiance for cardiometabolic diseases, Verzenio and Jaypirca for cancer, Trulicity and Humalog for diabetes, and Taltz and Olumiant for immunology, among others. Lilly emphasizes safety and quality in manufacturing and supports patients through educational and support initiatives, reflecting a long history of pharmaceutical leadership and a commitment to advancing personalized medicine.

Zoy Capital is a venture capital firm founded in 2013 and based in Beijing, China, with offices in Shanghai, Shenzhen, and Suzhou, focusing on equity investments in artificial intelligence, service robots, and modern media.

Vision Plus Capital, also known as Yuan Jing Capital, is a venture capital firm founded in 2015 and based in Hangzhou, China, with additional offices in Beijing, Shanghai and Hong Kong. The firm focuses on early-stage investments across internet and healthcare technology sectors, including internet innovation, digital health, intelligent technology, AI, enterprise services, consumer internet and related areas, and seeks to support startups with practical experience in talent recruitment, strategic planning, operational upgrading and financing strategies. Vision Plus Capital targets opportunities in China, including cross-border RMB and dollar investments, and backs ventures that leverage data analytics, AI and digital infrastructure to drive enterprise digitization and enhanced consumer services.

Sequoia Capital is a venture capital firm founded in 1972 and based in Menlo Park, California. It provides capital alongside strategic guidance to a select set of companies across information technology, healthcare, manufacturing, mobile, nanotechnology, financial services, internet, energy, media, and retail, supporting them from early ideas through growth and even IPO stages. The firm emphasizes long-term partnerships, working closely with leadership teams on product development, company building, and market expansion. Sequoia pursues opportunities at seed, early, and growth stages and maintains a global reach, investing in companies across the United States and other major markets, with interests in AI and other emerging technologies.

Light Silver Capital is a China-based venture capital firm.