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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

Green Pine Capital Partners is a Shenzhen-based venture capital and private equity firm founded in 2007. It manages assets exceeding 15 billion RMB through 21 funds and has invested in hundreds of enterprises across biotechnology, artificial intelligence, new materials, clean tech, smart hardware, digital media and related sectors. The firm supports growth from early stages to late stages and has backed companies that later became publicly listed or were acquired by listed groups. Its regional footprint includes offices in Beijing, Shanghai and Guangzhou. Green Pine also runs two GPI incubators and an incubator for overseas Chinese scientists starting businesses in China to foster entrepreneurship and technology commercialization. The investment activity is characterized by a focus on technology-enabled industries and industry-level opportunities, aiming to build a diversified portfolio across China’s innovation landscape.

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.

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.

Lenovo Capital and Incubator Group is Lenovo’s accelerator and venture capital unit that backs core technology and internet-related ventures worldwide. It focuses on areas such as cloud computing, big data, artificial intelligence, and robotics, aligning investments with Lenovo’s business research and development and strategic initiatives. By integrating Lenovo’s global resources and expertise, LCIG incubates startup ideas, funds early-stage innovations, and pursues new business directions to promote Lenovo’s future innovation and development.

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.

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.

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.

Sinovation Ventures is a Beijing-based venture capital firm founded in 2009 that backs technology companies across China, Europe and the United States. It targets seed-to-growth opportunities in sectors such as artificial intelligence, robotics and automation, healthcare, semiconductors, energy, digital lifestyle, life sciences, advanced materials and related engineering fields, with a focus on consumer-facing and enterprise technology startups seeking global scale.

GSR United Capital is a Beijing-based private equity and venture capital firm with offices in Hangzhou and Shenzhen. It allocates equity capital to high-tech companies across sectors such as artificial intelligence, robotics, advanced manufacturing, industrial internet and digital services, aiming to back early and growth-stage opportunities and support portfolio companies through commercialization and scale. The firm has drawn support from government-backed funds and other state-capital investors and has built a portfolio of more than 100 high-tech startups, generating notable exits and returns.

Cyber Creation Ventures is a global venture capital firm with Silicon Valley roots, focused on early-stage technology investments. Founded by Wei Zhou, a former KPCB China managing partner, CCV combines Silicon Valley investment philosophy with a global footprint, operating from Singapore, Silicon Valley, and Beijing. The firm manages nearly $2 billion in assets and has a history of backing startups that reach unicorn status and lead Series A rounds. Its portfolio spans technology-enabled sectors and global innovations.

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.

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.

Joy Capital is a China-based venture capital firm founded in 2011 and headquartered in Beijing. It invests in startups at early and growth stages, focusing on technology and innovative consumption sectors, including TMT, e-commerce, innovative consumer, and internet-enabled traditional industries, with activities in automotive and entertainment. The firm partners with entrepreneurs to help them make right decisions at key development moments and shares in the challenges and joys of building a business. It has backed more than 80 startups and participated in unicorn portfolios, reflecting experience across Europe, North America, and Asia, particularly in mobile and communications sectors.

Zero2IPO Group is a prominent integrated service provider in China's venture capital and private equity industry. It offers research, consulting, media, online learning, innovation support, international investment and capital management services, and operates data platforms such as PEDATA and PEdaily.cn. Through its subsidiaries Zero2IPO Ventures, Zero2IPO Capital and Zero2IPO Investment, the group invests in and manages funds independently, supporting hundreds of enterprises. Headquartered in Beijing with offices in Shanghai, Shenzhen, Hong Kong and Silicon Valley, Zero2IPO Group has invested in over 300 enterprises and manages more than 40 billion yuan in assets, leveraging its market research and advisory capabilities to connect entrepreneurs with investors.

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.

Legend Star is the venture capital arm of Legend Holdings, based in Beijing, China. Founded in 2008, it focuses on early-stage investments in technology and medical health sectors and supports entrepreneurs through investments, training sessions, and an entrepreneurs alliance. It has incubated and invested in nearly 600 companies and is closely integrated with the Chinese entrepreneurial ecosystem.

Eastern Bell Venture Capital is a Shanghai-based private equity and venture capital firm founded in 2010, with offices in Beijing. It pursues growth capital investments across sectors including industry internet, consumer upgrade, logistics and supply chain, energy efficiency, technology, data technology, e-commerce, environment protection, retailing and brands, B2B services, advanced manufacturing, and content. The firm looks to invest in RMB-denominated equity and has a track record of backing companies that improve efficiency and enable new channels and branding in China's economy. Its approach emphasizes industry logistics, retail and data-enabled businesses, while supporting multinational and import-oriented players in the advanced manufacturing space. Eastern Bell positions itself as an ecosystem-based investor, leveraging knowledge of circulation efficiency to build an integrated network of resources that enhances portfolio performance.

Ceyuan Ventures is a Beijing-based early-stage venture capital firm that concentrates on information technology and related sectors in China, including software, media and telecommunications, and on emerging growth companies. It backs technology-driven teams and business innovations, with the aim of helping entrepreneurs create and build world-class businesses.

Redpoint Ventures is an independent venture capital firm founded in 1999 and based in Woodside, California. It makes seed, early and growth investments in technology companies across sectors such as software, internet, consumer tech, fintech and enterprise IT, providing capital and strategic guidance to help portfolio companies scale. The firm operates a multi-fund platform and maintains a global reach that includes a China-focused arm, reflecting its emphasis on global opportunities in technology, media and related fields. Redpoint Ventures emphasizes partnering with founders, leveraging its ecosystem content and network to inform and support portfolio companies throughout product development and go-to-market efforts.

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.

Tsinghua Innovation Ventures is a Beijing-based investment management firm founded in 2012 that concentrates on venture capital investments in healthcare, artificial intelligence, new energy, environmental protection, and high-end manufacturing, with activities focused in China.

Everest Venture Capital Investment Co., Ltd, founded by Mr. Xiao Jiancong in 2007, focuses on high-tech venture capital investments. Recognized as one of the top private equity investment institutions in China, they prioritize social value and long-term growth over short-term profits. With 140 experienced employees and offices in Beijing and Shenzhen, Everest Venture Capital supports enterprises that positively impact society. They not only provide funding but also instill a culture of excellence in the companies they invest in. Their management philosophy, centered on customer satisfaction, shareholder return, employee income, and cost-efficiency, aims to drive the success of their portfolio companies.

China V Fund is a Beijing-based private equity and growth-stage venture capital firm that invests in companies driving industrial upgrades and hard technology, with a focus on smart manufacturing, semiconductors, 5G, industrial internet, artificial intelligence and new automotive technology.

Linear Capital is a venture capital firm founded in 2014 and headquartered in Shanghai, China. It concentrates on information technology, data application and data infrastructure, with a focus on frontier technologies such as artificial intelligence, robotics, Internet of Things, and related applications. The firm invests across early to mid stages, backing technology startups globally and offering strategic guidance and industry connections to accelerate growth. By leveraging its network with technology executives and industry partners, Linear Capital aims to support portfolio companies in transforming industries through data-driven solutions and cutting-edge technology.