Alibaba Group

Alibaba Group is the largest online and mobile commerce company globally, primarily known for its extensive e-commerce platforms that connect buyers and sellers. It operates notable marketplaces in China, including Taobao, which focuses on consumer-to-consumer transactions, and Tmall, which caters to business-to-consumer interactions. The company's core business lies in its China commerce retail division, which is a significant source of cash flow. In addition to retail and wholesale transactions, Alibaba also generates revenue from various sectors, including international commerce, local consumer services, cloud computing, digital media and entertainment, and logistics through its Cainiao network. Alibaba's diverse portfolio positions it as a key player across multiple industries, including retail, logistics, and technology.

Tony Park

Senior Director, Head of International Business

Joseph Tsai

Executive Vice Chairman

Amy Young

US Investment Associate

Michael Zeisser

Chairman, US Investments

Past deals in Beijing

XReal Technology

Venture Round in 2024
XReal Technology, founded in 2017 and based in Beijing, China, specializes in developing ready-to-wear mixed reality glasses. Their flagship product, Nreal Light, is designed to be lightweight and comfortable, featuring a vivid display and spatial computing algorithms for an immersive user experience. The company's goal is to make mixed reality technology widely accessible and to empower developers to create applications that enhance entertainment, productivity, and other areas. XReal Technology utilizes SLAM-based environment-understanding AI algorithms to provide users with an engaging mixed reality experience.

XReal Technology

Series C in 2022
XReal Technology, founded in 2017 and based in Beijing, China, specializes in developing ready-to-wear mixed reality glasses. Their flagship product, Nreal Light, is designed to be lightweight and comfortable, featuring a vivid display and spatial computing algorithms for an immersive user experience. The company's goal is to make mixed reality technology widely accessible and to empower developers to create applications that enhance entertainment, productivity, and other areas. XReal Technology utilizes SLAM-based environment-understanding AI algorithms to provide users with an engaging mixed reality experience.

Zuoyebang

Series E in 2020
Zuoyebang is an online education startup based in Beijing, China, founded in 2014 by Hou Jianbin. The company focuses on providing educational products and services for primary and high school students, utilizing artificial intelligence to enhance learning experiences. Its platform allows students to upload homework questions and seek answers, making it easier for them to tackle study-related challenges. In addition to homework assistance, Zuoyebang offers online courses, live lessons, and evaluations for students from kindergarten through 12th grade. The company has gained significant backing from prominent investors, including Baidu, Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners.

Beijing Helijia Information Technology

Venture Round in 2020
Beijing Helijia Information Technology Co., Ltd. is a Chinese company that specializes in beauty, hair, and nail services, operating through a mobile application for convenient customer bookings. Founded in 2014 and based in Beijing, Helijia offers a diverse range of services, including hairdressing, eyelashes, hand and foot care, make-up styling, and body shaping. The platform also features on-demand manicure services, allowing users to select manicurists or combinations based on their location. By eliminating the overhead costs associated with physical stores, Helijia provides competitive pricing. The company employs a merit-based rating system for its service providers, encouraging high-quality performance and customer satisfaction. Additionally, Helijia offers various skincare products, including a range of hyaluronic acid items aimed at moisturizing and anti-aging benefits.

Keruyun

Acquisition in 2020
Keruyun Inc. is a leading provider of cloud-based software as a service (SaaS) solutions tailored for the food and beverage industry, focusing on reservations, queuing, take-outs, ordering, cashier systems, membership cards, coupons, and supply chain services. Founded in 2012 and headquartered in Beijing, China, Keruyun integrates advanced software and hardware to enhance management efficiency for merchants in catering and retail sectors. The company has expanded significantly, establishing 34 branches across major cities and employing over 2,000 staff. With a strong commitment to innovation, Keruyun has developed a suite of products that includes solutions like OnPOS mini and Wallet Payment, and it aims to streamline operations for more than 40,000 clients nationwide. As a subsidiary of Alibaba Local Services Company, Keruyun continues to drive growth and transformation within the service industry through intelligent management systems.

NetEase Cloud Music

Series B in 2019
NetEase Cloud Music, established in 2013 and based in Hangzhou, China, specializes in online music streaming services through its mobile application. The platform enables users to access a wide variety of music and offers additional features, such as music discovery and social networking capabilities. As a subsidiary of NetEase, Inc., NetEase Cloud Music has grown to become a significant player in the Chinese music streaming market, catering to the evolving preferences of its audience while developing applications for smartphones to enhance user experience.

Transinfo Group

Post in 2019
China Transinfo Technology Co Ltd, founded in 2000, is a prominent Chinese company specializing in intelligent transportation solutions and traffic data services. With nearly 20 branches and over 1,000 employees, it has established a comprehensive business and service network across the country. The company focuses on three main areas: smart transportation products and solutions for urban environments, highway systems, and dynamic transportation information services for the public. Its offerings extend across various transportation sectors, including urban, highway, rail, civil aviation, and water transportation, positioning China Transinfo as a key player in enhancing transportation efficiency and safety in China.

YCloset

Corporate Round in 2018
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

BabyTree

Corporate Round in 2018
BabyTree Group is a leading parenting website in China, designed to support the growing community of approximately 60 million parents in the country. Established in 2007 and headquartered in Beijing, the company operates primarily through its Babytree Parenting mobile app and babytree.com, which facilitate communication among expecting and young parents while providing essential advice on pregnancy and parenting. Additionally, BabyTree runs WeTime, a platform dedicated to child development that offers early education content and social recording tools. The company also features Meitun Mama, an e-commerce platform focused on maternity and child products. By addressing the diverse needs of young families—learning, sharing, recording, and shopping—BabyTree aims to be a comprehensive resource for parents navigating the challenges of parenting in China's rapidly growing maternity and baby industry.

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.

Dalian Wanda Group

Venture Round in 2018
Dalian Wanda Group, founded in 1988 and headquartered in Beijing, China, is a diversified enterprise with operations in commercial property, luxury hotels, culture and tourism, and department stores. The company is a leading player in the commercial real estate sector, offering management and investment services. Additionally, it operates Wanda Cinemas, focusing on the investment, construction, and management of cinemas, as well as film distribution and related services. By 2013, Dalian Wanda Group reported substantial financials, with total assets of 380 billion yuan and an annual income of 186.6 billion yuan. Its extensive portfolio includes various cultural, film, sports, and children's entertainment franchises, reflecting its commitment to enhancing the consumer experience in diverse sectors.

Yiguo.com

Series D in 2017
Yiguo.com is a fresh produce e-commerce platform established in 2005 and headquartered in Shanghai, China. The company specializes in the online sale of fresh fruits and vegetables, offering customers a convenient shopping experience. Yiguo.com ensures efficient delivery services, providing one-day delivery in major cities such as Beijing, Shanghai, Guangzhou, and Chengdu, while also offering two-day delivery to over 200 additional cities across the country. Through its focus on freshness and timely service, Yiguo.com aims to meet the growing demand for high-quality produce in the rapidly evolving e-commerce landscape.

Dt Dream

Series A in 2017
Dt Dream is a cloud computing and big data solutions provider founded in March 2015 in Hangzhou, China. The company offers an integrated big data terminal known as "DThink" and operates technology centers and innovation labs in Beijing, Hangzhou, and Nanjing, with branch offices in over 20 cities nationwide. Dt Dream specializes in developing a SaaS-based cloud platform that enhances efficiency for partners in the big data sector by employing large-scale, low-cost, and high-security computing technology. This platform allows industrial customers to streamline their operations, enabling them to concentrate on business objectives and data value. Dt Dream is also a strategic partner of Alibaba Cloud, gaining experience in various applications across government, urban, and industrial internet sectors.

Quixey

Debt Financing in 2016
Quixey, Inc. is a mobile technology company based in Mountain View, California, with additional offices in Beijing, Bengaluru, and Tel Aviv. Founded in 2009, Quixey operates a platform that enhances user access and engagement with applications through its innovative Deep View Cards. This solution connects users directly to app functionalities, enabling quick actions such as booking a hotel or ordering a ride without the need for user registration. By employing content acquisition techniques and application mining technology, Quixey effectively delivers relevant app content through various channels, including ads, search, and social messaging platforms. The company's offerings cater to both users and leading mobile brands, streamlining the process of finding and utilizing application features in a visually engaging manner.

Wandoujia

Acquisition in 2016
Wandoujia is a prominent mobile entertainment search engine based in Beijing, China, that significantly influences the mobile internet landscape. Established in 2010, the platform has been installed over 350 million times, with daily new installations surpassing 800,000. Wandoujia's extensive search index encompasses over one million options across various content categories, including apps, videos, ebooks, wallpapers, music, and themes, sourced from more than 130 content providers. The company has pioneered mobile search products that enhance user discovery and consumption of content. Additionally, Wandoujia has formed successful international partnerships that facilitate the entry of foreign applications into the Chinese market, collaborating with well-known developers such as Flipboard and Evernote. The company also publishes a monthly report titled "The Mobile Search Index," which highlights trends in mobile search within China. With a dedicated team of over 250 employees, Wandoujia continues to innovate in the realm of mobile applications and distribution.

Yiguo.com

Series C in 2016
Yiguo.com is a fresh produce e-commerce platform established in 2005 and headquartered in Shanghai, China. The company specializes in the online sale of fresh fruits and vegetables, offering customers a convenient shopping experience. Yiguo.com ensures efficient delivery services, providing one-day delivery in major cities such as Beijing, Shanghai, Guangzhou, and Chengdu, while also offering two-day delivery to over 200 additional cities across the country. Through its focus on freshness and timely service, Yiguo.com aims to meet the growing demand for high-quality produce in the rapidly evolving e-commerce landscape.

Yi+

Series A in 2015
Yi+ (Beijing Mo Shanghua Technology Co., Ltd.) is a prominent provider of computer vision engine services, focusing on delivering intelligent visual content and commercial solutions to enterprises. The company leverages advanced technologies in object and facial recognition to enhance artificial intelligence applications, enabling improved search results and product categorization. Yi+ collaborates with numerous leading institutions to deliver innovative marketing solutions and intelligent analysis through its video content analysis engine and face recognition engine. The company aims to help clients maximize value from image and video data, facilitating scene marketing and content interaction for a broad user base.

Dt Dream

Seed Round in 2015
Dt Dream is a cloud computing and big data solutions provider founded in March 2015 in Hangzhou, China. The company offers an integrated big data terminal known as "DThink" and operates technology centers and innovation labs in Beijing, Hangzhou, and Nanjing, with branch offices in over 20 cities nationwide. Dt Dream specializes in developing a SaaS-based cloud platform that enhances efficiency for partners in the big data sector by employing large-scale, low-cost, and high-security computing technology. This platform allows industrial customers to streamline their operations, enabling them to concentrate on business objectives and data value. Dt Dream is also a strategic partner of Alibaba Cloud, gaining experience in various applications across government, urban, and industrial internet sectors.

Chelaile

Series B in 2015
Yuan Micron Technology, Inc. was founded in 2012, has a number of independent intellectual property products, is now 863 projects Peking "human-centered wisdom of urban travel service platform" cooperative units, Wuhan Donghu Development Zone in 3551 Talents enterprises, Shanghai " Pegasus trip "Service Innovation Alliance. Few years, Yuan Micron Technology has developed a variety of influential products, is currently one of the most influential development team in real-time bus fields. Currently, the company and Digital China, China Media, Newcom,德璐media, the FTSE Huang and Lee, White Horse Media, LongFan media and other industry well-known enterprises to achieve cooperation and access to top angel investors invest. Due to the influence of the national product, has been used as the representative of the real-time aspects of the bus companies to accept CCTV, Changjiang Daily, Wuhan Evening News, Daily, Wuhan, Chengdu Business Daily, Chongqing Daily, Xinhua News Agency and other media reported.

Quixey

Series C in 2015
Quixey, Inc. is a mobile technology company based in Mountain View, California, with additional offices in Beijing, Bengaluru, and Tel Aviv. Founded in 2009, Quixey operates a platform that enhances user access and engagement with applications through its innovative Deep View Cards. This solution connects users directly to app functionalities, enabling quick actions such as booking a hotel or ordering a ride without the need for user registration. By employing content acquisition techniques and application mining technology, Quixey effectively delivers relevant app content through various channels, including ads, search, and social messaging platforms. The company's offerings cater to both users and leading mobile brands, streamlining the process of finding and utilizing application features in a visually engaging manner.

Huxiu.com

Series A in 2014
Beijing Huxiu Information Technology Co., Ltd., operating under the brand Huxiu.com, is a prominent online platform in China that focuses on business information and communication. Founded in February 2012 by Lin Min, a former executive chief editor of China Entrepreneur, the platform facilitates the sharing of industry trends and investment-related information. Huxiu.com combines editorial oversight with user-generated content to create a refined and engaging experience for its audience. The platform has gained significant traction, amassing a large following on social media shortly after its launch. Based in Beijing, Huxiu.com aims to serve as a vital resource for users seeking insights into the commercial landscape.

Meituan

Series C in 2014
Meituan, established in 2010 and headquartered in Beijing, China, operates a comprehensive online platform offering retail and group buying services. It specializes in delivering Chinese food from local restaurants and provides online group discounts for a wide range of sectors, including movies, groceries, restaurants, entertainment, and health/fitness. As of 2020, Meituan holds a dominant 70.7% share in China's food delivery market. Its revenue streams are primarily derived from on-demand services (58%), hotel booking, coupon sales, and advertising (17%), with new initiatives contributing the remaining 25%. These new initiatives, such as community group buying and non-food delivery, are poised to transform Meituan into a broader grocer and logistics business, potentially surpassing food delivery as its primary focus.

AutoNavi

Acquisition in 2014
AutoNavi Holdings Limited is a Chinese company based in Beijing that specializes in digital map content and navigation solutions. It provides a comprehensive mobile and internet location-based service platform, catering to both business and consumer needs. The company's offerings include automotive navigation, mobile location services, taxi booking, bike sharing, and real-time traffic updates, all tailored for the Chinese market. AutoNavi's proprietary technology and extensive digital map database enable it to deliver integrated navigation solutions across various sectors, including public services and enterprise applications. The company has formed strategic alliances with prominent organizations such as TomTom Global Content, SINA, and Alibaba Group, enhancing its service capabilities.

ByeCity

Series B in 2014
Byecity.com (佰程旅行网) is a Chinese service agency providing O2O (Online-to-Offline) services for the outbound tourism industry. Byecity.com was awarded the ""5A Grade Travel Agency"" by Beijing Tourism Development Committee for its performance on both ""technology innovation and service experience"". The company is devoted to the combination of internet and traditional outbound tourism, and is the first e-commercial website of outbound tourism in China. Byecity’s business covers eight modules: visa application, exclusive custom, free travel, topic group, overseas hotels, international tickets, international single businesses, and international business trips for enterprises. The company provides customers with the ""one-stop"" outbound tourism solutions in five aspects, which are demand release, resources distribution, budget management, risk control, and solutions.

Yiguo.com

Series B in 2014
Yiguo.com is a fresh produce e-commerce platform established in 2005 and headquartered in Shanghai, China. The company specializes in the online sale of fresh fruits and vegetables, offering customers a convenient shopping experience. Yiguo.com ensures efficient delivery services, providing one-day delivery in major cities such as Beijing, Shanghai, Guangzhou, and Chengdu, while also offering two-day delivery to over 200 additional cities across the country. Through its focus on freshness and timely service, Yiguo.com aims to meet the growing demand for high-quality produce in the rapidly evolving e-commerce landscape.

Intime Retail

Post in 2014
Intime Retail (Group) Company Limited is a prominent investment holding company operating in the retail sector in Mainland China. The company manages a diverse portfolio that includes department stores, shopping malls, and an online retail platform. It is structured into four main segments: Department Store, Shopping Mall, Property Development, and Others. As of the end of 2016, Intime operated 29 department stores and 20 shopping malls across various provinces, totaling over 3.3 million square meters of gross floor area. The company has evolved from traditional retail formats to encompass modern shopping complexes and e-commerce, reflecting a commitment to innovation in response to changing consumer preferences. Founded in 1998 and headquartered in Beijing, Intime has established itself as a significant player in the luxury retail market, leveraging its strong capital and management capabilities to enhance the shopping experience in urban areas across China.

Quixey

Series C in 2013
Quixey, Inc. is a mobile technology company based in Mountain View, California, with additional offices in Beijing, Bengaluru, and Tel Aviv. Founded in 2009, Quixey operates a platform that enhances user access and engagement with applications through its innovative Deep View Cards. This solution connects users directly to app functionalities, enabling quick actions such as booking a hotel or ordering a ride without the need for user registration. By employing content acquisition techniques and application mining technology, Quixey effectively delivers relevant app content through various channels, including ads, search, and social messaging platforms. The company's offerings cater to both users and leading mobile brands, streamlining the process of finding and utilizing application features in a visually engaging manner.

Yiguo.com

Series A in 2013
Yiguo.com is a fresh produce e-commerce platform established in 2005 and headquartered in Shanghai, China. The company specializes in the online sale of fresh fruits and vegetables, offering customers a convenient shopping experience. Yiguo.com ensures efficient delivery services, providing one-day delivery in major cities such as Beijing, Shanghai, Guangzhou, and Chengdu, while also offering two-day delivery to over 200 additional cities across the country. Through its focus on freshness and timely service, Yiguo.com aims to meet the growing demand for high-quality produce in the rapidly evolving e-commerce landscape.

Weibo

Funding Round in 2013
Weibo Corporation is a prominent social media platform based in Beijing, China, primarily focused on microblogging. Founded in 2009, the platform enables users to create, distribute, and discover Chinese-language content. Weibo operates through two main segments: Advertising and Marketing Services, and Value-Added Services. Its advertising solutions include social display advertisements and promoted feeds, allowing businesses to enhance their brand visibility. Additionally, Weibo offers various products that facilitate user self-expression, social interaction, and content discovery. The company also provides value-added services such as membership programs, online games, live broadcasts, and social e-commerce features. Through its diverse offerings, Weibo serves as a comprehensive platform for both individual users and businesses, fostering a vibrant online community. It was previously known as T.CN Corporation before rebranding in 2012 and is a subsidiary of Sina Corporation.

Umeng+

Acquisition in 2013
Umeng+ is a Beijing-based startup providing mobile application analytics solutions. Umeng+ is focused on providing professional mobile-applied statistics analysis tools, utility components, and promotion services for developers in China. The company has helped many mobile development teams better understand users' needs and individual developers promote their products. Umeng+ currently owns a professional team of more than 90 people who are from IT companies such as Google, Baidu, Sohu, Samsung, etc. In 2016 Umeng, CNZZ, and Diyuanxin (缔元信) was merged to form Umeng+ (友盟+).

Meituan

Series B in 2011
Meituan, established in 2010 and headquartered in Beijing, China, operates a comprehensive online platform offering retail and group buying services. It specializes in delivering Chinese food from local restaurants and provides online group discounts for a wide range of sectors, including movies, groceries, restaurants, entertainment, and health/fitness. As of 2020, Meituan holds a dominant 70.7% share in China's food delivery market. Its revenue streams are primarily derived from on-demand services (58%), hotel booking, coupon sales, and advertising (17%), with new initiatives contributing the remaining 25%. These new initiatives, such as community group buying and non-food delivery, are poised to transform Meituan into a broader grocer and logistics business, potentially surpassing food delivery as its primary focus.
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