New Horizon

New Horizon Capital is a growth equity firm established in May 2005, with its headquarters in Hong Kong and an additional office in Beijing, China. The firm specializes in venture capital and private equity investments, focusing on growth-stage, expansion-stage, and pre-IPO opportunities. New Horizon Capital targets a diverse array of sectors, including petrochemicals, high-end manufacturing, renewable energy, technology-related manufacturing, agriculture, healthcare, pharmaceuticals, and automotive industries. The firm primarily invests in both state-owned and private enterprises in China, with typical investments around $50 million. It aims to exit its investments within a two to five-year timeframe, generally making minority investments. New Horizon Capital is supported by a team of experienced professionals who leverage their expertise to identify lucrative investment opportunities within the rapidly growing Chinese market.

Jennifer Jin

Executive Director

Benjamin Qiu

Executive Director

Jianming Yu Ph.D

Co-Founder and Managing Partner

36 past transactions

KK Group

Series F in 2021
KK Group operates an online-to-offline marketplace for imported products in China. The company specializes in sourcing a diverse range of items, including snacks, personal care products, makeup, home furnishings, stationery, and other goods from well-known international brands. By utilizing both physical stores and online e-commerce platforms, KK Group offers consumers direct access to premium imported products, allowing shoppers to conveniently purchase items through their mobile devices. This innovative approach bridges the gap between online shopping and physical retail, enhancing the consumer experience in accessing high-quality goods from around the world.

Ke.com

Series D in 2019
KE Holdings Inc., known as Beike, operates a comprehensive platform for housing transactions and services in China, enhancing the user experience through both online and offline channels. Founded in 2001 and headquartered in Beijing, the company facilitates a range of housing-related transactions, including the sale and rental of existing and new homes, home renovation, and real estate financial solutions. Beike operates through its branded Lianjia stores in major cities like Beijing and Shanghai, while also collaborating with various third-party agencies, including franchise partners. The platform aims to create a high-quality ecosystem for real estate services, supporting over 100,000 property agents and reaching more than 200 million households. Additionally, Beike has expanded its offerings internationally, providing services for Chinese families seeking overseas properties across 11 countries. The company's growth strategy includes plans to cover over 300 cities in China and build a robust network of accredited partners.

Energy Monster

Series C in 2019
Energy Monster is a consumer technology company specializing in power bank rentals, enabling users to conveniently charge their mobile devices on-the-go. By utilizing a simple QR code scanning system, customers can rent power banks from a vast network of over 100,000 merchants across 100 cities in China. The company places its power banks at various points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces, facilitating easy access for users. Energy Monster, under the umbrella of Shanghai Zhi Technology, aims to provide an uninterrupted mobile experience, allowing individuals to stay connected wherever they are.

Qiagen Suzhou Translational Medicine

Series A in 2017
QIAGEN Suzhou is an innovative start-up providing precision medicine solutions.

Wacai.com

Series C in 2017
Wacai is a Chinese mobile app developer specializing in personal finance management through its widely-used mobile application. Since its launch in 2009, the app has provided users with bookkeeping services and expanded its functionality to include mutual fund trading in 2013. In 2014, Wacai introduced a credit card manager feature, which has become increasingly popular among users in China. The app aims to help individuals manage their finances effectively by offering tools for personal bookkeeping, credit management, and an online community for financial assistance. With a user base exceeding 40 million, Wacai continues to enhance its platform to meet the evolving needs of its clientele.

IHI Shibaura Machinery Corporation - Assets

Acquisition in 2017
IHI Shibaura Machinery Corporation - Assets is the firefighting equipment business of Japanese manufacturing firm IHI Shibaura Machinery Corporation (ISM).

Moviebook

Series C in 2016
Moviebook is a Chinese startup based in Beijing that specializes in video recognition and online video technology. The company focuses on developing an innovative video interaction platform with significant commercial potential. Its offerings include AI-driven interactive video analytics, which encompass structured visual analysis, image synthesis, intelligent video editing, physical action analysis, and scene information recovery. By leveraging advanced technology, Moviebook aims to enhance user experiences, diversify communication methods, and lower operational costs within the education, entertainment, and media industries.

NeoBear

Series B in 2016
The world's leading creative children brand, NeoBear uses science and technology to bring children's dreams to life. NeoBear is committed to the development and marketing of interactive intelligent products for children aged from 2 to 10. NeoBear utilizes augmented reality (AR) technology to help children dream big, develop new knowledge-friendly toys and introduce unrivalled learning and interactive experiences.

Xueleyun

Series C in 2016
Xueleyun is an educational ecosystem platform that uses Internet technology and big data application technology to serve the education management departments, schools, teachers, students, parents, third-party partners and other seven groups.

Xuele Zhongguo

Series C in 2016
Xuele Zhongguo is an online learning platform for children of primary school.

Genetron Health

Series B in 2016
Genetron Health is a leading precision medicine company specializing in oncology, with a strong focus on cancer molecular profiling. The company leverages advanced technologies in molecular biology and data science to enhance cancer treatment. Genetron Health offers comprehensive health management products covering all aspects of full-cycle cancer clinical treatment, including risk assessment, early screening, molecular pathology diagnosis, medication guidance, and prognosis monitoring. They provide reliable molecular clinical services and professional cancer genetic risk assessments for patients and high-risk individuals. With global genomics sequencing and bioinformatics platforms, research and development centers in North Carolina and Beijing, and clinical laboratories across major Chinese cities, Genetron Health aims to expand its sales network throughout China. The company is dedicated to serving both Chinese and global cancer patients with its expertise in cancer genomics and efficient clinical translation.

PDD Holdings

Series B in 2016
Pinduoduo operates an e-commerce platform in China, allowing users to engage in group buying deals primarily through Tencent's WeChat app. Founded in 2015 and headquartered in Shanghai, Pinduoduo offers a diverse range of products including apparel, electronics, household goods, and food items. The platform aims to facilitate access to the digital economy for local communities and small businesses, enhancing productivity and creating new opportunities. Pinduoduo has developed a robust network of sourcing, logistics, and fulfillment capabilities to support its operations and improve customer experience.

Pinduoduo

Series B in 2016
Pinduoduo offers an interactive and fun virtual bazaar experience to its users. It develops an e-waybill system to make shipping information more transparent and updated to users and to realize greater logistics quality and efficiency for our third-party logistics providers. It also constantly provides merchants with consumer insights and preferences to help them tailor-make products for their targeted customers and facilitate communication between merchants and users.

BeiBei

Series D in 2016
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

Chuchujie

Series C in 2016
Chuchujie, founded in 2011, operates as an online marketplace that aggregates various international brands under a single platform. Initially established as a shopping guide, it focused on providing information about deals priced at RMB9.90 or below. The company has since evolved to offer a comprehensive shopping experience, allowing clients to purchase items conveniently and have them delivered to their specified locations. This approach not only saves time for customers but also enhances their access to a diverse range of products.

GOGOX

Series C in 2016
GoGoX, established in 2013, is a pioneering app-based platform for intra-city logistics services in Asia, providing innovative and efficient delivery solutions. The company connects individuals and businesses with a network of thousands of drivers, facilitating real-time delivery needs and enhancing the overall delivery experience. Initially based in Hong Kong, GoGoX has expanded its operations to several countries including Singapore, South Korea, Mainland China, Taiwan, and India. The merger with 58 Suyun in 2017 significantly broadened its reach, allowing it to operate in over 300 cities and connect more than 8 million registered drivers. Offering a digital service that enables instant matching and real-time tracking, GoGoX caters to both business and individual users, ensuring a convenient delivery experience while providing drivers with valuable business opportunities.

Wochu.cn

Series A in 2015
Wochu (Shanghai) Technology Co., Ltd. is a private company based in China that operates an online fresh food e-commerce platform. Founded in December 2014, Wochu specializes in the sale and delivery of a wide range of products including green vegetables, clean vegetables, fruits, meat, poultry, dairy, and various non-staple foods. The company offers over 500 types of fresh and safe food items, aiming to meet the demands of customers looking for quality produce and groceries through its online market.

TalkingData

Series C in 2015
TalkingData is a Beijing-based company established in 2011, specializing in advanced data analytics for the Chinese mobile internet market. It offers a suite of big data products, including scalable data mining, deep data analytics, industry benchmarking reports, and market insights. With nearly 1.5 billion devices covered, TalkingData serves 80% of China's top app developers, helping them track metrics, analyze user data, and optimize monetization strategies. The company collaborates closely with major distribution channels and ad networks, and is expanding into cross-border cooperation with financial industries.

HS Entertainment

Series B in 2015
HS Entertainment is a content company dedicated to the development and production of movies, television dramas, and animations. It operates an integrated media business model that encompasses intellectual property management, project planning, and production services. The company focuses on creating works that have social significance, as well as producing commercials. With a commitment to quality, HS Entertainment has been involved in the production of critically acclaimed and commercially successful films and TV series, while also offering talent agency services.

Wacai.com

Series B in 2015
Wacai is a Chinese mobile app developer specializing in personal finance management through its widely-used mobile application. Since its launch in 2009, the app has provided users with bookkeeping services and expanded its functionality to include mutual fund trading in 2013. In 2014, Wacai introduced a credit card manager feature, which has become increasingly popular among users in China. The app aims to help individuals manage their finances effectively by offering tools for personal bookkeeping, credit management, and an online community for financial assistance. With a user base exceeding 40 million, Wacai continues to enhance its platform to meet the evolving needs of its clientele.

Huitongda Network

Series A in 2015
Huitongda Network Co., Ltd. is a Chinese company that specializes in providing logistics and supply chain services for household appliances, particularly targeting the township market. Founded in 2008 and headquartered in Nanjing, Huitongda offers a variety of products, including air conditioners, color TVs, refrigerators, and washing machines, catering specifically to rural customers. The company employs a hybrid business model that integrates both online and offline sales, enabling retail outlets to reach consumers more effectively. With a strong focus on enhancing the e-commerce capabilities of traditional stores, Huitongda has trained over 3,000 retail outlets across Jiangsu and parts of Shandong and Anhui provinces. As a subsidiary of Jiangsu Five Star Appliance Co., Ltd., Huitongda continues to play a vital role in expanding access to home appliances in underserved rural markets.

Zhaolu Tianxia Wang

Series B in 2015
Zhaolu Tianxia Wang provides matchmaking services for buyers and sellers of aluminium raw materials. It conducts transactions based on the big data of matchmaking transactions. Their agents provide sales, logistics, finance, and derivative services. For inquiries, telephone numbers and addresses are available on their websites.

Bochewang

Series A in 2015
Bochewang operates as a professional B2B trading platform focused on motor cars and accessories, catering specifically to professional buyers such as auto repair shops, dismantle shops, used car dealers, and parts sellers. The platform features three primary components: an auction center for selling accident and used vehicles, an automobile showroom for trading repaired cars, and an accessories platform for various auto parts. By facilitating online transactions, Bochewang aims to streamline the buying and selling process for car owners and buyers, enhancing efficiency while reducing the time involved in these transactions. Users can access a variety of services and rights upon completing registration, payment, and authentication on the platform.

Huakang Mobile Health

Series B in 2015
Huakang Mobile Health is a Shenzhen-based mobile services company founded in 2012

Kakao

Series A in 2015
CRM and trading platform for real-estate agents

Yuanfudao

Series D in 2015
Yuanfudao, founded in 2012, is the largest online live course platform in China, catering to primary and secondary school students. With over 1 million paying users, it provides a comprehensive curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. The platform features live online tutoring conducted by nationally recognized teachers, allowing students to receive quality education from home. By utilizing big data analysis, Yuanfudao enables students to identify their learning weaknesses and engage in targeted learning, thus enhancing their educational outcomes. The combination of its extensive course offerings and a large pool of qualified educators benefits hundreds of thousands of students across the country.

Yuantiku

Series D in 2015
Yuantiku is a Chinese online education product launched by Beijing Fenbi Lantian Technology Company Ltd. Yuantiku has launched material for the National College Entrance Exam, administrative aptitude tests, essay tests for civil servants, entrance exams for postgraduates, first-level constructor exams, law counselor of enterprises exams, junior accountant exams, securities qualification exams, and more. Yuantiku is an exercise database that provides authoritative contents of previous years' examinations for students. Based on the knowledge level of students, it can also provide tailored exercises to improve their efficiency. It offers computer-based exercises as well as smartphone-based exercises.

BeiBei

Series C in 2015
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

Zailushang

Series B in 2015
tourism

Jinko Solar

Post in 2014
JinkoSolar is an energy company that focuses on producing solar energy microcrystalline silicon. They produce monocrystalline furnaces, polycrystalline silicon ingo casting furances, and wire cutting and chipping equipment. The Company distributes its solar products and sells its solutions and services to a diversified international utility, commercial, and residential customers. JinkoSolar has over 15,000 employees and over 200 dedicated R&D professionals spread across its 18 overseas subsidiaries, 16 global sales offices, and 6 productions facilities in: Jiangxi, Zhejiang, and Xinjiang Provinces in China, Portugal, South Africa, and Malaysia.

Arrail Dental

Series C in 2014
Arrail Dental International Group Co. Ltd. is a prominent dental services provider in China, specializing in a wide range of oral health care services. Founded in 1998 and headquartered in Beijing, the company operates numerous clinics in major cities, including Shanghai, Shenzhen, Guangzhou, and Tianjin. Arrail Dental offers various services, including endodontics, general dentistry, orthodontics, pediatric dentistry, implants, and periodontics, alongside treatments for toothache, restoration, whitening, and elderly dental care. The company emphasizes accessibility by providing online appointment services and has established a platform that connects elite dentists from around the world. With a focus on the premium private dental service market, Arrail Dental is well-positioned to cater to the needs of clients in both domestic and international markets.

Wangxiangyuan

Series A in 2014
Wangxiangyuan provides delicious, authentic Hunan dishes for their customers. They provide various Hunan dishes such as bacon, fried tofu, and fish heads. They provide attentive and warm food service for their customers.

Punch Powertrain

Private Equity Round in 2013
Punch Powertrain is an independent supplier specializing in fuel-efficient powertrains for the automotive industry. With over 40 years of experience, the company designs and manufactures a diverse range of transmission systems, including continuously variable transmissions (CVT), dual-clutch transmissions (DCT), and electric powertrains for new energy vehicles such as plug-in hybrids (PHEVs) and all-electric vehicles (EVs). Punch Powertrain serves various global markets, including Europe and Asia, offering innovative solutions that encompass both conventional and hybrid powertrain technologies. The company is committed to advancing automotive efficiency through its integrated electric drive systems and specialized gear units, positioning itself as a key player in the evolving automotive landscape.

Chukong Technologies

Series D in 2013
Chukong Technologies is a mobile entertainment platform company headquartered in Beijing, China, with additional operations in Tokyo, Seoul, Taipei, and Menlo Park, California. Originally founded as CocoaChina.com, the largest iOS developer community in China, Chukong provides tools and resources aimed at enhancing efficiency and reducing costs for mobile content creators globally. The company is known for sponsoring and maintaining Cocos2d-x, a cross-platform open-source game engine that has gained significant traction, with over 1.1 million downloads in 150 countries and a presence in seven of the top ten grossing games in China. Complementing the game engine, Chukong has developed CocoStudio, a toolset that simplifies game design and animation. The company also operates an in-house development studio, which has produced several successful games, including the Fishing Joy franchise. Furthermore, under the CocoaChina brand, Chukong collaborates with international developers to help them navigate the Chinese mobile gaming market, offering services that encompass game design feedback, monetization strategies, and localization assistance. With a portfolio that boasts over 1 billion monthly game sessions and 63 million active users, Chukong continues to explore opportunities for both Chinese and international developers.

Orbiepharm

Angel Round in 2013
Orbiepharm is a pharmaceutical manufacturing company specializing in the veterinary industry. It develops and produces a range of products aimed at improving animal health, including solid preparations, ointments, insecticides, inhalational anesthetics, and oral solvents. The company's focus encompasses various therapeutic areas related to common, medical, chronic, and geriatric diseases in pets. Orbiepharm distinguishes itself by being the only comprehensive pet medicine and health enterprise in China that integrates research and development, production, sales, and terminal hospitals, thereby enhancing the efficiency of diagnosis and treatment for animals.

Kuaidi Dache

Series B in 2013
Kuaidi Group, as the most technologically integrated and largest car service company in the world, is rapidly transforming the concept of moving people – starting in China. The app combines integrated mapping and third party payment technology to make its service accessible to everybody, and provides over 1 million taxis and a variety of standard and luxury cars for all lifestyles. To ensure the service fits smoothly into urban life, Kuaidi has developed a framework is that is adaptable to other platforms in China, and works in partnership with China’s government and regulators instead of against them. In a country where only 18% of per capita car ownership, Kuaidi is clearly meeting an important need. Kuaidi’s unique business model has attracted 100m registered users in over 300 cities, fulfilling 6 million requests per day. To optimize its services and go beyond customer expectations Kuaidi has secured partnerships with Alipay, Ctrip, AutoNavi, Baidu Maps, Qunar, and Beijing’s ‘96106’ government official platform.
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