BAI Capital

BAI Capital is a Beijing-based venture capital firm established in 2008 by Carl Bertelsmann, serving as a prominent investment arm of the German media conglomerate Bertelsmann. The firm focuses on investing in China-based global companies, leveraging the country's technological, talent, and supply chain advantages across various sectors. BAI Capital has a diverse portfolio encompassing consumer retail and services, fintech, media and content innovation, Web3 and the metaverse, as well as frontier technologies, electric vehicles, and autonomous driving. Since its inception, BAI Capital has invested in over 200 companies, achieving more than 17 successful IPOs and nurturing over 40 unicorns. The firm aims to empower Chinese entrepreneurs and seize opportunities arising from China's structural transformation, particularly in areas poised for significant technological advancement and industrial upgrades. Its investor base includes various institutional investors, such as sovereign wealth funds and large insurance companies, along with the backing of Bertelsmann.

Jason Ding

Partner

Annabelle Yu Long

Managing Partner

Zhao Penglan

Managing Director

Will Wang

Vice President

William Zhao

Vice President

Past deals in Beijing

ffit8

Series A in 2021
ffit8 is a meal replacement brand based in Beijing, China, specializing in the development and retail of products designed to replace traditional meals. The company's signature offerings include protein bars, which cater to individuals seeking convenient and nutritious options to support a healthier lifestyle. By focusing on meal replacement solutions, ffit8 aims to meet the demands of consumers looking for practical ways to maintain their dietary goals.

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.

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.

PingCAP

Series D in 2020
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.

Whale

Series A in 2020
Whale provides an omnichannel marketing platform that transforms marketing operations, digitalizes store operations and unifies offline & online brand experiences leveraging AI + IoT + Big Data to “Connect Brands with Customer”. Founded in 2017, Whale has since empowered 1000+ global FMCG, F&B, Fashion and Automotive brands including P&G, Unilever, Starbucks, UNIQLO, ARMANI, Watsons, Xiaomi, Midea, Lotus, POP MART etc. with over 150,000 stores across APAC, enabling brands to embrace the full potential of digital transformation. Equipped with AI capabilities, patented ReID technology and enterprise-grade security, Whale platforms comprising of Space Data Platform (SDP), Whale Marketing Cloud (WMC), Whale Open Platform (WOP) and Whale Analytics, serve as the end-to-end digitalization engine that enables brands to seamlessly engage with each customer. Whale is backed by Temasek Holding, NIO Capital, Source Code Capital, Linear Capital, Alpha Commune, BAI Capital and The Jiangmen, with 6 offices across Singapore, Hangzhou, Shanghai, Beijing and Shenzhen.

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.

Dingdong Maicai

Series B in 2019
Dingdong Maicai is a community-based online retail platform in China that specializes in fresh produce and other daily necessities. Founded in 2014 and headquartered in Shanghai, the company leverages technology to enhance its operations, allowing for direct procurement at the point of origin and efficient pre-warehouse distribution. It aims to deliver products to customers' homes in 29 minutes or less, significantly improving the fresh food consumption experience. The service is available in major cities, including Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou. Dingdong Maicai operates through its mobile application and mini-programs, generating revenue from the sale of fresh groceries and membership services, positioning itself as one of the fastest-growing on-demand e-commerce companies in China.

Cool Math

Series A in 2018
Founded in January 2018, Beijing Tianfutong Education Technology Co., Ltd. is an excellent technical and operational talent from education companies such as New Oriental, Good Future, and Gaosi, as well as outstanding technical talents from Internet companies such as Baidu, Sohu, and Meituan. Founded a new online education brand. Based on original quality education content and technology-driven, we provide high-quality online mathematics thinking learning content and services for children aged 3-12.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

352

Angel Round in 2017
Beijing 352 Environmental Protection Technology Co., Ltd. specializes in developing and manufacturing air and water purification solutions. Founded in 2014 and based in Beijing, China, the company offers a diverse range of products, including air purifiers, fans, anti-haze masks, automotive air conditioning filters, car purifiers, air quality detectors, and various types of water purifiers. These products are designed to be compact, quiet, and efficient at removing particulates from both air and water, thereby enabling users to enjoy cleaner environments.

Lagou

Series D in 2017
Lagou.com is a Beijing-based recruitment website that specializes in staffing services, primarily focusing on the technology and internet sectors. Founded in 2013, it provides a platform for job seekers to find employment in various fields, including IT, design, data operations, marketing, sales, and game development. The company has established a strong client base that includes major industry players such as Tencent, Baidu, Alibaba Group, SINA, JD.com, and Beijing Xiaomi Tech. By connecting qualified candidates with leading companies, Lagou.com plays a significant role in facilitating recruitment in China's competitive job market.

TuanChe

Series C in 2017
Tuanche is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, virtual dealerships, online marketing services, and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that include auto dealers, automakers, and automotive service providers. TuanChe was established in 2010 by Jianchen Sun, Qiuhua Xu, and Xingyu Du in Beijing, China.

Meituan Bike

Series C in 2016
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Tantan

Series A in 2015
Tantan Limited is a Chinese company that specializes in developing a social dating mobile application aimed at helping users find and interact with new people. Founded in 2014 and based in Beijing, Tantan utilizes geolocation technology to match user profiles, facilitating live group chats through text, voice, and video. This platform is particularly popular among millennials, boasting over 5 million active users worldwide. Tantan encourages users to connect and meet in real life, offering a modern approach to social dating. As of May 2018, Tantan operates as a subsidiary of Momo Inc.

P1

Series A in 2015
P1.cn operates as a social networking platform catering to affluent young professionals in major cities such as Beijing, Shanghai, and Hong Kong. Founded in 2007, the platform allows members to connect with like-minded individuals, expand their business networks, and share experiences through various events. Additionally, P1 fosters a community where users can express their personal style and draw fashion inspiration from one another, promoting a shared international lifestyle and common values. The company's focus on facilitating communication among its members enhances their networking opportunities and community engagement.

OptAim Technology

Series A in 2015
OptAim Technology Co. Ltd., based in Beijing, China, specializes in mobile and television advertisement solutions. The company provides a mobile marketing technology platform designed to enhance advertisers' return on investment by leveraging big data and advanced technologies, including digital signal processing. Operating as a subsidiary of iClick Interactive Asia Limited since August 2015, OptAim aims to optimize marketing strategies for its clients through innovative technological solutions.

TuanChe

Series C in 2014
Tuanche is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, virtual dealerships, online marketing services, and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that include auto dealers, automakers, and automotive service providers. TuanChe was established in 2010 by Jianchen Sun, Qiuhua Xu, and Xingyu Du in Beijing, China.

MemBlaze

Series C in 2014
MemBlaze is a Beijing-based company specializing in the production of memory cards and solid-state drives (SSDs) for enterprise applications. The firm focuses on developing enterprise-class NVMe (Non-Volatile Memory Express) SSDs that are suitable for a variety of fields, including databases, virtualization, cloud computing, big data, and artificial intelligence. MemBlaze's products aim to deliver stable and reliable high-speed storage solutions tailored for businesses in sectors such as internet services, cloud computing, finance, and telecommunications.

TuanChe

Series B in 2013
Tuanche is an omnichannel automotive marketplace in China. The company operates in one operating segment of providing auto shows, special promotion events services, virtual dealerships, online marketing services, and others. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that include auto dealers, automakers, and automotive service providers. TuanChe was established in 2010 by Jianchen Sun, Qiuhua Xu, and Xingyu Du in Beijing, China.

Uxin

Series A in 2013
Uxin Limited is a Beijing-based investment holding company that operates a used car e-commerce platform in China. Founded in 2011, Uxin provides a comprehensive suite of services through its Uxin Used Car and Uxin Auction applications. The Uxin Used Car platform offers consumers personalized car recommendations, financing options, title transfer, delivery, insurance referrals, and warranties. Meanwhile, Uxin Auction caters to business buyers by facilitating vehicle sourcing through online auctions. Additionally, Uxin supports used car transactions and connects buyers with third-party financing partners for their purchases. The company aims to streamline the used car buying process and enhance the overall customer experience in the automotive market.

Chunyu Yisheng

Series B in 2013
Chunyu Yisheng is a mobile application that enables physicians and their patients to communicate with each other. The application provides physicians with access to their patients’ medical records. Furthermore, it enables the patients to communicate and schedule appointments with the doctors. In addition, it offers reservation line treatment services to its users. Chunyu Yisheng was launched in 2011 by Rui Zhang and is based in Beijing.

Transfer Course Computer System (Beijing)

Series A in 2012
Transfer Course Computer System (Beijing) Co., Ltd. is an emerging online education platform in China's education field. Established in 2011, Tranfer Course Website contributes to improve the regional distribution imbalance of China's education resources and provides one-stop and comprehensive professional education service of online interaction through online course issuing website and live interaction class. Its main products and services include preach lesson, lesson KK, and class live online classroom. Transfer Course Website is Transfer Course Company’s main site, aiming to be the C2C electronic business platform in education field. People who own knowledge and experience can open class freely on the Transfer Class Website to teach and gain income, while people who need to learn knowledge and experience can easily find the content they want.

Secoo

Series B in 2012
Secoo is a Chinese luxury products and services platform that facilitates global trade between buyers and suppliers. It operates both offline stores and an online mall, serving customers directly. Secoo's business model includes plans to establish exhibition centers in major cities. As of 2011, the company generated over 100 million RMB in revenue and had a membership base of 500,000, including 20,000 VIPs. Secoo has received significant investments, including a $10 million investment from IDG in late 2010 and a $30 million investment from leading international funds.

Transfer Course Computer System (Beijing)

Angel Round in 2011
Transfer Course Computer System (Beijing) Co., Ltd. is an emerging online education platform in China's education field. Established in 2011, Tranfer Course Website contributes to improve the regional distribution imbalance of China's education resources and provides one-stop and comprehensive professional education service of online interaction through online course issuing website and live interaction class. Its main products and services include preach lesson, lesson KK, and class live online classroom. Transfer Course Website is Transfer Course Company’s main site, aiming to be the C2C electronic business platform in education field. People who own knowledge and experience can open class freely on the Transfer Class Website to teach and gain income, while people who need to learn knowledge and experience can easily find the content they want.

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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