5Y Capital

5Y Capital is a private equity and venture capital firm based in Shanghai, China, focused on seed, start-up, early venture, and growth capital investments. Founded in 2008 and previously known as Morningside Venture Capital, the firm manages approximately USD 5 billion in dual-currency funds, supported by global investors such as sovereign wealth funds, family offices, and endowments. 5Y Capital primarily invests in various sectors, including healthcare, technology, fintech, media, software, life sciences, and education, with a special emphasis on medical treatment, biotechnology, and digital health. The firm seeks opportunities in China and other emerging markets across Asia and the Pacific, aiming to support entrepreneurs in building innovative companies. 5Y Capital typically makes initial investments exceeding USD 500,000 per portfolio company and operates as a subsidiary of Morningside Group, which has been active in venture capital investments since 1992.

Ka Chang

Managing Director

Zhe Chen

Managing Director

Peter Chen

Managing Director

Yu Cheng

Partner

Lu Huang

Director

Victor Jin

Managing Director

Jiangyun Jin

Managing Director

Ted Xutian Jing

Managing Director

Levi Liu

Partner

Qin Liu

Co-Founder, Investment Director and Board Member

Richard Liu

Founding Partner

Stephanie O'Brien

Investment Professional

Ken Shi

Founding Partner

Yi Sun

Senior Associate

Jerry Tong

Senior Associate

Yunhong Wei

Investor

Yaopeng Xing

Investor

Patricia Zhuoya Yang

Investor

Tony Yeung

Managing Director

Cloris You Youdan

Managing Director

Elwin Yuan

Partner

Yuan Ye

Partner

Fisher Zhang

Partner

Fei Zhang

Partner

Bo Zhang

Managing Director

Past deals in Broadcasting

Huya

Series A in 2017
Huya Inc. operates a leading game live streaming platform in China, facilitating interactive broadcasts that allow real-time interaction between broadcasters and viewers. Founded in 2011 and headquartered in Guangzhou, Huya provides a diverse array of live streaming content, encompassing a vast library of approximately 3,800 games across various genres, including esports, mobile, and console games, as well as entertainment categories like talent shows and online theater. Additionally, Huya runs Nimo TV, which focuses on game streaming in Southeast Asia and Latin America. The company also engages in online advertising, marketing services, software development, and internet value-added services. As a subsidiary of Tencent, Huya benefits from the support of one of the largest technology companies in China, with Tencent holding a significant equity stake and voting power.

JOYY

Series C in 2009
JOYY Inc. is a social media and interactive communication platform based in China, operating various live streaming and short-form video services. Its key offerings include YY Live, a comprehensive platform for music, dance, and talk shows; Bigo Live, which allows users to share live moments; and Huya, a gaming live streaming service. Additionally, JOYY operates Likee, a platform for creating and sharing short videos, as well as imo, a video communication tool, and Hago, a casual gaming social platform that incorporates live streaming and chat features. Founded in 2005 and headquartered in Guangzhou, JOYY engages users in real-time online activities through voice, text, and video, and facilitates virtual currency transactions for various interactive experiences. The company was previously known as YY Inc. until its name change in December 2019.

Phoenix New Media

Series A in 2009
Phoenix New Media Limited is a Chinese new media company that operates an integrated content platform, primarily through its website ifeng.com and various mobile applications. The company provides a wide range of services across different channels, including online, mobile, and television, catering to diverse user interests such as news, finance, entertainment, and sports. It offers both net advertising and paid services, delivering content in various formats including text, images, audio, and video. The platform also facilitates interactive features like user comments and surveys, enhancing community engagement. Additionally, Phoenix New Media sources content from professional media institutions and user-generated contributions, allowing for a rich mix of information. Founded in 1996 and incorporated in 2007, the company is headquartered in Beijing and operates as a subsidiary of Phoenix Satellite Television (B.V.I) Holding Limited.

Phoenix New Media

Venture Round in 2009
Phoenix New Media Limited is a Chinese new media company that operates an integrated content platform, primarily through its website ifeng.com and various mobile applications. The company provides a wide range of services across different channels, including online, mobile, and television, catering to diverse user interests such as news, finance, entertainment, and sports. It offers both net advertising and paid services, delivering content in various formats including text, images, audio, and video. The platform also facilitates interactive features like user comments and surveys, enhancing community engagement. Additionally, Phoenix New Media sources content from professional media institutions and user-generated contributions, allowing for a rich mix of information. Founded in 1996 and incorporated in 2007, the company is headquartered in Beijing and operates as a subsidiary of Phoenix Satellite Television (B.V.I) Holding Limited.

JOYY

Series B in 2008
JOYY Inc. is a social media and interactive communication platform based in China, operating various live streaming and short-form video services. Its key offerings include YY Live, a comprehensive platform for music, dance, and talk shows; Bigo Live, which allows users to share live moments; and Huya, a gaming live streaming service. Additionally, JOYY operates Likee, a platform for creating and sharing short videos, as well as imo, a video communication tool, and Hago, a casual gaming social platform that incorporates live streaming and chat features. Founded in 2005 and headquartered in Guangzhou, JOYY engages users in real-time online activities through voice, text, and video, and facilitates virtual currency transactions for various interactive experiences. The company was previously known as YY Inc. until its name change in December 2019.

JOYY

Series B in 2008
JOYY Inc. is a social media and interactive communication platform based in China, operating various live streaming and short-form video services. Its key offerings include YY Live, a comprehensive platform for music, dance, and talk shows; Bigo Live, which allows users to share live moments; and Huya, a gaming live streaming service. Additionally, JOYY operates Likee, a platform for creating and sharing short videos, as well as imo, a video communication tool, and Hago, a casual gaming social platform that incorporates live streaming and chat features. Founded in 2005 and headquartered in Guangzhou, JOYY engages users in real-time online activities through voice, text, and video, and facilitates virtual currency transactions for various interactive experiences. The company was previously known as YY Inc. until its name change in December 2019.

JOYY

Series A in 2007
JOYY Inc. is a social media and interactive communication platform based in China, operating various live streaming and short-form video services. Its key offerings include YY Live, a comprehensive platform for music, dance, and talk shows; Bigo Live, which allows users to share live moments; and Huya, a gaming live streaming service. Additionally, JOYY operates Likee, a platform for creating and sharing short videos, as well as imo, a video communication tool, and Hago, a casual gaming social platform that incorporates live streaming and chat features. Founded in 2005 and headquartered in Guangzhou, JOYY engages users in real-time online activities through voice, text, and video, and facilitates virtual currency transactions for various interactive experiences. The company was previously known as YY Inc. until its name change in December 2019.
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