5Y Capital

5Y Capital is a private equity and venture capital firm based in Xuhui, Shanghai, China, founded in 2008 by Ken Shi and Richard Liu. The firm specializes in early-stage venture investments and is dedicated to supporting entrepreneurs in building their companies. With over USD 5 billion in capital under management, 5Y Capital attracts global investors, including sovereign wealth funds, endowments, foundations, family offices, and funds of funds. Formerly known as Morningside Venture Capital, 5Y Capital aims to foster innovation and growth in the entrepreneurial ecosystem.

Peter Chen

Managing Director

Yu Cheng

Partner

Victor Jin

Managing Director

Ted Xutian Jing

Managing Director

Levi Liu

Partner

Jerry Tong

Senior Investment Associate

Tony Yeung

Managing Director

Zeng Ying

Partner

Cloris You

Managing Director

Elwin Yuan

Partner

Yuan Ye

Partner

Fisher Zhang

Partner

Fei Zhang

Partner

Bo Zhang

Managing Director

He Kaiyan

investor

Past deals in Beijing

Moore Threads

Series A in 2021
Moore Threads, founded in 2020 and based in Beijing, China, specializes in developing Graphics Processing Unit (GPU) technology and services. The company focuses on enabling visual computing, artificial intelligence, and high-performance computing applications for a diverse range of sectors, including gaming and the creative industry. By providing advanced GPU technology and services for data centers, edge computing servers, professional workstations, and high-performance PCs, Moore Threads helps clients achieve significant computational power for their processes.

neoX Biotech

Venture Round in 2021
neoX BIOTECH is a biotechnology company established in 2018 and located in Beijing, China. The company specializes in the development of antigen-based cancer vaccines, leveraging a combination of artificial intelligence and biophysics to enhance drug research and development. neoX BIOTECH has created a neoantigen prediction and TCR screening platform that facilitates the discovery of effective macromolecular and multispecific drugs, particularly within the immuno-oncology sector. By characterizing protein-protein interactions, the company aims to advance early therapeutic discovery, ultimately improving treatment options for cancer patients.

neoX Biotech

Series A in 2021
neoX BIOTECH is a biotechnology company established in 2018 and located in Beijing, China. The company specializes in the development of antigen-based cancer vaccines, leveraging a combination of artificial intelligence and biophysics to enhance drug research and development. neoX BIOTECH has created a neoantigen prediction and TCR screening platform that facilitates the discovery of effective macromolecular and multispecific drugs, particularly within the immuno-oncology sector. By characterizing protein-protein interactions, the company aims to advance early therapeutic discovery, ultimately improving treatment options for cancer patients.

Shukun

Series C in 2020
Shukun Technology is a Chinese healthcare company founded in 2017 and headquartered in Beijing. It specializes in developing diagnostic systems that leverage machine learning and artificial intelligence to detect cardiovascular diseases and tumors. By employing deep learning algorithms, Shukun Technology intelligently analyzes medical images to automatically identify lesions and generate comprehensive reports. The company's innovations aim to enhance the efficiency of medical professionals, ultimately improving the quality of diagnosis and treatment in primary healthcare settings.

Medbanks

Series E in 2020
Medbanks Network Technology, founded in 2014 and based in Beijing, specializes in data processing services for the healthcare sector. The company focuses on developing an oncology database that compiles clinical and professional medical service information gathered from hospitals. This resource aims to enhance the understanding and management of cancer care. In addition, Sipai Health Technology Co Ltd operates within the medical technology and health management space in China, encompassing three main segments: specialty pharmacy, physician research assistance, and health insurance services. The specialty pharmacy segment is the primary revenue driver, while the company predominantly conducts its business within the People's Republic of China.

DEEPEXI

Series A in 2020
DEEPEXI, officially known as Beijing Dip Technology Co., Ltd., is a prominent player in the digital transformation sector for enterprises. Established in May 2018 and headquartered in Beijing, the company has grown to employ around 160 staff members, with significant research and development capabilities concentrated in its branches across major cities like Guangzhou, Shenzhen, Nanjing, and Chengdu. DEEPEXI specializes in providing scalable business intelligence services that leverage a cloud-native Internet framework, integrating advanced technologies such as 5G, IoT, big data, AI, and cloud computing. This enables businesses to enhance their decision-making and strategic initiatives through data intelligence. The company prides itself on having a highly skilled R&D team, which includes leading experts in artificial intelligence and open-source projects.

Moore Threads

Seed Round in 2020
Moore Threads, founded in 2020 and based in Beijing, China, specializes in developing Graphics Processing Unit (GPU) technology and services. The company focuses on enabling visual computing, artificial intelligence, and high-performance computing applications for a diverse range of sectors, including gaming and the creative industry. By providing advanced GPU technology and services for data centers, edge computing servers, professional workstations, and high-performance PCs, Moore Threads helps clients achieve significant computational power for their processes.

Naxions

Series C in 2020
Beijing Naxions Technology Co., Ltd. specializes in digital marketing services tailored for the medical Internet sector. Founded in 2014 and headquartered in Chaoyang District, China, with additional offices in Shanghai, the company has developed a communication software solution that incorporates a SaaS platform. This platform enables real-time data analysis, progress visualization, and results digitization, thereby enhancing sales management for pharmaceutical companies. Naxions offers a range of services, including data capture, collection, scraping, cleaning, calculation, and presentation. Key features of its application include content sharing, project management, and customer analysis, all aimed at improving the efficiency and brand visibility of pharmaceutical enterprises while ensuring compliance with industry standards.

DEEPEXI

Series A in 2020
DEEPEXI, officially known as Beijing Dip Technology Co., Ltd., is a prominent player in the digital transformation sector for enterprises. Established in May 2018 and headquartered in Beijing, the company has grown to employ around 160 staff members, with significant research and development capabilities concentrated in its branches across major cities like Guangzhou, Shenzhen, Nanjing, and Chengdu. DEEPEXI specializes in providing scalable business intelligence services that leverage a cloud-native Internet framework, integrating advanced technologies such as 5G, IoT, big data, AI, and cloud computing. This enables businesses to enhance their decision-making and strategic initiatives through data intelligence. The company prides itself on having a highly skilled R&D team, which includes leading experts in artificial intelligence and open-source projects.

DEEPEXI

Series A in 2019
DEEPEXI, officially known as Beijing Dip Technology Co., Ltd., is a prominent player in the digital transformation sector for enterprises. Established in May 2018 and headquartered in Beijing, the company has grown to employ around 160 staff members, with significant research and development capabilities concentrated in its branches across major cities like Guangzhou, Shenzhen, Nanjing, and Chengdu. DEEPEXI specializes in providing scalable business intelligence services that leverage a cloud-native Internet framework, integrating advanced technologies such as 5G, IoT, big data, AI, and cloud computing. This enables businesses to enhance their decision-making and strategic initiatives through data intelligence. The company prides itself on having a highly skilled R&D team, which includes leading experts in artificial intelligence and open-source projects.

Shukun

Series B in 2019
Shukun Technology is a Chinese healthcare company founded in 2017 and headquartered in Beijing. It specializes in developing diagnostic systems that leverage machine learning and artificial intelligence to detect cardiovascular diseases and tumors. By employing deep learning algorithms, Shukun Technology intelligently analyzes medical images to automatically identify lesions and generate comprehensive reports. The company's innovations aim to enhance the efficiency of medical professionals, ultimately improving the quality of diagnosis and treatment in primary healthcare settings.

PingCAP

Series C in 2018
PingCAP, Inc. is a Beijing-based company founded in 2015 that specializes in developing TiDB, an open-source distributed Hybrid Transactional/Analytical Processing (HTAP) database. TiDB is designed to function as a comprehensive solution for online transactions and analytical processes, offering features such as MySQL compatibility, infinite horizontal scalability, strong consistency, and high availability. The database supports both Online Transactional Processing (OLTP) and Online Analytical Processing (OLAP), making it suitable for a wide range of applications. By focusing on cloud-native capabilities, PingCAP aims to provide users with a stable and efficient database management solution that meets modern data processing needs.

Thunder Stone Technology

Series B in 2018
Beijing ThunderStone Technology Co., Ltd. is the leading supplier of karaoke systems in China, commanding a 40% market share in a country recognized as one of the largest and most developed karaoke markets globally. The company specializes in the development of portable karaoke centers and machines, offering a comprehensive ecosystem that caters to arcade and shopping mall owners. Its systems typically incorporate one or more VOD servers, which utilize Windows 2000 server edition, and multiple set-top boxes (STBs) in karaoke rooms, all interconnected via Ethernet. These robust servers can efficiently support up to 60 DVD-quality audio and video streams, enhancing the overall singing experience for customers. Additionally, ThunderStone's karaoke ecosystem facilitates cloud music library updates, enabling operators to streamline maintenance and connect with social media platforms, thereby providing an enriched experience for users.

Shukun

Series A in 2018
Shukun Technology is a Chinese healthcare company founded in 2017 and headquartered in Beijing. It specializes in developing diagnostic systems that leverage machine learning and artificial intelligence to detect cardiovascular diseases and tumors. By employing deep learning algorithms, Shukun Technology intelligently analyzes medical images to automatically identify lesions and generate comprehensive reports. The company's innovations aim to enhance the efficiency of medical professionals, ultimately improving the quality of diagnosis and treatment in primary healthcare settings.

SenseTime

Series C in 2018
SenseTime Group Limited is an artificial intelligence company specializing in computer vision and deep learning technologies. Founded in 2014 and headquartered in Beijing, China, the company develops a wide range of AI solutions, including face and body analysis, image and video recognition, autonomous driving technologies, and medical image analysis. SenseTime's proprietary AI infrastructure, SenseCore, supports scalable and efficient AI software platforms tailored for various applications across sectors such as smart cities, intelligent transportation, healthcare, and finance. The company is also active in advancing industry standards related to data security and ethical AI practices, having contributed to numerous national and international guidelines. With a presence in multiple countries, including Japan, Singapore, and several locations in China, SenseTime aims to drive innovation and foster sustainable productivity through its AI technologies.

HaoHaoZhu

Series B in 2018
Haohaozhu is a Beijing-based online platform established in 2015 that specializes in home improvement and interior design. It offers a mobile application and website where users can explore decoration solutions tailored to their homes and connect with sellers. The platform serves as a social and information-sharing community, allowing users to share images and ideas. It also curates a range of interior design solutions from professional designers, providing innovative and comprehensive home design plans for homeowners. Through its user-friendly interface, Haohaozhu aims to facilitate the home improvement process, making it easier for individuals to find inspiration and connect with the resources they need.

Kuaishou Technology

Series E in 2018
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Etong Healthcare

Series B in 2017
EtongOnline Shanghai Medical Consulting provides third-party health management services to large and medium-sized enterprises in Shanghai, Beijing, Shenzhen, Guangzhou, Wuhan, & Chengdu. Its healthy management services include file recording, health assessment, health intervention, health education, health consultation, and private doctor services. The company also provides health examination services, such as employment health check, physical examination, PET-CT testing, gene detection, and enterprise welfare health check services. In addition, it offers medical services, such as medical guidance, specialist appointment, admission solutions, surgery appointment, secondary consultation, and particular examination arrangement services. Further, the company provides services in the areas of establishment of health infirmary, enterprise stratified health management, overseas medical, medical tourism, liability insurance, and oral care. EtongOnline Shanghai Medical Consulting was founded in 2009 and is headquartered in Shanghai City, China.

SenseTime

Series B in 2017
SenseTime Group Limited is an artificial intelligence company specializing in computer vision and deep learning technologies. Founded in 2014 and headquartered in Beijing, China, the company develops a wide range of AI solutions, including face and body analysis, image and video recognition, autonomous driving technologies, and medical image analysis. SenseTime's proprietary AI infrastructure, SenseCore, supports scalable and efficient AI software platforms tailored for various applications across sectors such as smart cities, intelligent transportation, healthcare, and finance. The company is also active in advancing industry standards related to data security and ethical AI practices, having contributed to numerous national and international guidelines. With a presence in multiple countries, including Japan, Singapore, and several locations in China, SenseTime aims to drive innovation and foster sustainable productivity through its AI technologies.

Xiaolu Clinic

Series B in 2017
Xiaolu Clinic is an online platform that connects consumers with providers of traditional Chinese medicine. Founded in 2016 and based in Beijing, the clinic offers consultancy services for patients dealing with chronic diseases and sub-optimal health, utilizing herbal remedies and dietary enhancements typical of traditional Chinese practices. Users can receive evaluations from qualified traditional Chinese medicine doctors, purchase herbal products online, and benefit from treatment monitoring and post-treatment analysis. Additionally, Xiaolu Clinic provides health management services to employees of major corporations, facilitating better health outcomes through its innovative medical platform. This platform also enhances communication between patients, health professionals, and hospitals, improving the overall efficiency of medical information exchange.

Kuaishou Technology

Series D in 2017
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Huimin

Series B in 2016
Huimin is a B2B e-commerce platform founded in May 2013 and headquartered in Beijing, China. It specializes in serving small-scale supermarkets by providing tailored websites for community supermarkets. As a national modern service industry demonstration unit, Huimin leads the domestic community B2B e-commerce sector by integrating resources from national community supermarkets. The platform connects brand merchants with convenience store vendors, facilitating the delivery of fast-moving consumer goods to local communities. By leveraging Internet technology, Huimin enhances operational and supply chain efficiencies for businesses while fostering innovation and value creation within the community supermarket sector.

HaoHaoZhu

Series A in 2015
Haohaozhu is a Beijing-based online platform established in 2015 that specializes in home improvement and interior design. It offers a mobile application and website where users can explore decoration solutions tailored to their homes and connect with sellers. The platform serves as a social and information-sharing community, allowing users to share images and ideas. It also curates a range of interior design solutions from professional designers, providing innovative and comprehensive home design plans for homeowners. Through its user-friendly interface, Haohaozhu aims to facilitate the home improvement process, making it easier for individuals to find inspiration and connect with the resources they need.

Lele Ketang

Series B in 2015
Lele Ketang is an online education platform based in Beijing, China, founded in 2014. The company specializes in K-12 education, focusing primarily on primary school subjects such as math and language. Lele Ketang offers a variety of online training courses designed for primary and secondary school students, featuring three-minute video lectures and gamification elements to enhance the learning experience. Additionally, the platform provides one-on-one learning opportunities, allowing for personalized instruction tailored to individual student needs.

Kuaishou Technology

Series C in 2015
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Xiaomi Technology

Series E in 2014
Xiaomi Corporation, founded in 2010 and headquartered in Beijing, China, is a prominent technology company that designs, manufactures, and markets smartphones and consumer electronics. The company's product range includes a variety of mobile devices, such as Android-based smartphones and smart home products, like smart TVs, AI speakers, and smart routers. Xiaomi is notable for its innovative approach, often incorporating user feedback into product development, which has fostered a loyal customer base. The company operates through several segments, including smartphones, Internet of Things (IoT) products, and Internet services, offering both hardware and software solutions. Additionally, Xiaomi engages in the retail and wholesale of its products, operates service centers, and has expanded its presence internationally, becoming a leader in markets such as India and gaining traction in Europe. With a commitment to providing quality technology at accessible prices, Xiaomi continues to innovate and adapt within the competitive landscape of the tech industry.

Huami

Series B in 2014
Launched in 2014, Huami is the top #1 wearable device company in the world, ahead of Apple and Fitbit, with over 50 million units sold. Huami's mission is to seamlessly connect biomechanical signals and daily activities with smart data services to promote healthy living and to make our lives easier. The product line of fashionable activity trackers and smartwatches under the Amazfit brand, including the Pace, Arc, Cor, Bip, Moonbeam and Equator, effortlessly track activity without sacrificing style. Huami is the exclusive provider of wearable technology for Xiaomi and maker of the Mi Band. Huami has raised $35 million from Sequoia Capital, Shunwei Capital Partners, Banyan Capital, Morningside Ventures and Xiaomi. The company is privately-held and headquartered in Beijing and and Mountain View, CA.

Kuaishou Technology

Series B in 2014
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Lele Ketang

Series A in 2014
Lele Ketang is an online education platform based in Beijing, China, founded in 2014. The company specializes in K-12 education, focusing primarily on primary school subjects such as math and language. Lele Ketang offers a variety of online training courses designed for primary and secondary school students, featuring three-minute video lectures and gamification elements to enhance the learning experience. Additionally, the platform provides one-on-one learning opportunities, allowing for personalized instruction tailored to individual student needs.

Kuaishou Technology

Series A in 2013
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Miaopai

Series A in 2012
Miaopai develops a mobile based application for sharing short videos. Its service now has 70 million daily active users. Miaopai produces mobile device applications. It offers software products that allow users to customize videos and pictures. Chan Sheng and Han Kun founded Xuanyixia Technology in 2011 that later became Yixia Tech and then Miaopai. Its headquarters is in Beijing in China.

Xiaomi Technology

Series C in 2012
Xiaomi Corporation, founded in 2010 and headquartered in Beijing, China, is a prominent technology company that designs, manufactures, and markets smartphones and consumer electronics. The company's product range includes a variety of mobile devices, such as Android-based smartphones and smart home products, like smart TVs, AI speakers, and smart routers. Xiaomi is notable for its innovative approach, often incorporating user feedback into product development, which has fostered a loyal customer base. The company operates through several segments, including smartphones, Internet of Things (IoT) products, and Internet services, offering both hardware and software solutions. Additionally, Xiaomi engages in the retail and wholesale of its products, operates service centers, and has expanded its presence internationally, becoming a leader in markets such as India and gaining traction in Europe. With a commitment to providing quality technology at accessible prices, Xiaomi continues to innovate and adapt within the competitive landscape of the tech industry.

Kuaishou Technology

Seed Round in 2012
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

Miaopai

Seed Round in 2012
Miaopai develops a mobile based application for sharing short videos. Its service now has 70 million daily active users. Miaopai produces mobile device applications. It offers software products that allow users to customize videos and pictures. Chan Sheng and Han Kun founded Xuanyixia Technology in 2011 that later became Yixia Tech and then Miaopai. Its headquarters is in Beijing in China.

Xiaomi Technology

Series B in 2011
Xiaomi Corporation, founded in 2010 and headquartered in Beijing, China, is a prominent technology company that designs, manufactures, and markets smartphones and consumer electronics. The company's product range includes a variety of mobile devices, such as Android-based smartphones and smart home products, like smart TVs, AI speakers, and smart routers. Xiaomi is notable for its innovative approach, often incorporating user feedback into product development, which has fostered a loyal customer base. The company operates through several segments, including smartphones, Internet of Things (IoT) products, and Internet services, offering both hardware and software solutions. Additionally, Xiaomi engages in the retail and wholesale of its products, operates service centers, and has expanded its presence internationally, becoming a leader in markets such as India and gaining traction in Europe. With a commitment to providing quality technology at accessible prices, Xiaomi continues to innovate and adapt within the competitive landscape of the tech industry.

Xiaomi Technology

Series A in 2010
Xiaomi Corporation, founded in 2010 and headquartered in Beijing, China, is a prominent technology company that designs, manufactures, and markets smartphones and consumer electronics. The company's product range includes a variety of mobile devices, such as Android-based smartphones and smart home products, like smart TVs, AI speakers, and smart routers. Xiaomi is notable for its innovative approach, often incorporating user feedback into product development, which has fostered a loyal customer base. The company operates through several segments, including smartphones, Internet of Things (IoT) products, and Internet services, offering both hardware and software solutions. Additionally, Xiaomi engages in the retail and wholesale of its products, operates service centers, and has expanded its presence internationally, becoming a leader in markets such as India and gaining traction in Europe. With a commitment to providing quality technology at accessible prices, Xiaomi continues to innovate and adapt within the competitive landscape of the tech industry.

Phoenix New Media

Venture Round in 2009
Phoenix New Media Limited is a prominent Chinese new media company that delivers premium content through an integrated platform encompassing the internet, mobile, and television channels. Established in 2007 and headquartered in Beijing, the company operates mainly through two segments: Net Advertising Services and Paid Services. Its primary online presence is through ifeng.com, which features approximately 40 interest-based verticals, including news, finance, entertainment, and sports. The company also provides video content through its v.ifeng.com platform and offers a mobile channel that includes applications for news and video. Phoenix New Media not only sources content from various professional media institutions but also incorporates user-generated and in-house produced content, fostering community interaction through comments and discussions. By combining internet and television media, Phoenix New Media enables users to access diverse content across multiple devices, catering to a wide audience in China.
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