Capital Today

Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.

Moonshot AI is a company focused on transforming energy into intelligence and enhancing user interaction through its innovative product offerings. It specializes in the research and development of generative artificial intelligence models, aiming to advance the artificial general intelligence (AGI) industry. The founding team comprises experienced professionals who have contributed to the development of notable models such as Google Gemini and Google Bard. Through its commitment to AI research, Moonshot AI seeks to provide valuable solutions and insights within the evolving landscape of artificial intelligence.

XYZ Robotics Inc. specializes in automating picking, sorting, and packing operations using advanced 3D AI and robotic manipulation algorithms. Founded in 2018 and headquartered in Boston, Massachusetts, with an additional office in Shanghai, the company aims to enhance logistics and manufacturing productivity. XYZ Robotics creates a versatile range of AI-powered robotic systems designed for applications such as robotic depalletizing, mixed case palletizing, piece picking, bin picking, and vision-guided assembly. Its innovative machine vision and intelligence software platform promotes efficiency across various industries, including automotive, pharmaceuticals, electronics, e-commerce, retail, and third-party logistics. By implementing AI technology and deep learning, XYZ Robotics facilitates efficient supply chain management, streamlining processes from batch picking to final packaging.

HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a range of solutions, including intelligent goods-to-person and smart in-plant logistics systems, tailored for diverse operational scenarios. As a pioneer in this field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, which has since evolved through continuous research and development. The HAIPICK system enhances warehouse efficiency significantly, reportedly increasing operational efficiency by three to four times and storage density by 80% to 130%. HAI ROBOTICS holds multiple patents and serves a growing list of clients, providing flexible and customizable automation solutions to optimize warehousing operations and improve overall productivity.

Dr. Cheese is a brand focused on producing high-calcium and high-protein cheese products. The company specializes in a range of offerings, including exclusive cheese snacks, cheese foods, and cheese pastry gifts. It is dedicated to establishing a retail platform that emphasizes pure natural cheese, aiming to provide consumers with quality products that reflect its commitment to health and nutrition.

X-Times is a technology company that creates high-end digital chip design solutions. The company is focusing on independent research and development of the digital implementation EDA platform in accordance with the 3S concept (Smart, Speedy, Simple), including a new generation of layout and wiring technology while providing high-end digital chip design solutions, which can greatly improve chip design efficiency and help realize one-time rapid mass production of chips. It accompanies the rapid development and industrial take-off of many partners in the field of integrated circuits, such as artificial intelligence, smart cars, 5G, and cloud computing.

Gaussian Robot is a company based in Shanghai, China, that specializes in the development and manufacturing of commercial automatic sweeping robots. Founded in 2013, the company offers a range of products designed for various applications, including commercial cleaning robots, unmanned sanitation vehicles, security robot solutions, and building distribution robots. Additionally, Gaussian Robot provides autonomous positioning navigation modules to enhance the functionality of its robotic solutions. Through its innovative approach, the company aims to improve efficiency and effectiveness in commercial cleaning and service automation.

HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a range of solutions, including intelligent goods-to-person and smart in-plant logistics systems, tailored for diverse operational scenarios. As a pioneer in this field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, which has since evolved through continuous research and development. The HAIPICK system enhances warehouse efficiency significantly, reportedly increasing operational efficiency by three to four times and storage density by 80% to 130%. HAI ROBOTICS holds multiple patents and serves a growing list of clients, providing flexible and customizable automation solutions to optimize warehousing operations and improve overall productivity.

Outer, Inc. is a direct-to-consumer company based in Santa Monica, California, specializing in the manufacture of outdoor furniture. Founded in 2017 and originally known as Jia Outdoor, Inc., the company rebranded in 2018 to better reflect its mission of enhancing outdoor living. Outer designs its products with input from experienced furniture designer Terry Lin and produces them in a family-owned factory led by CEO Jiake Liu. The company focuses on creating durable, eco-conscious furniture from sustainable materials, ensuring that its offerings can withstand harsh outdoor conditions. Since its inception, Outer has experienced significant growth, increasing its revenue elevenfold by 2020 and expanding its workforce substantially in a short period.

PatPat is an online shopping platform tailored for mothers, providing significant discounts on a variety of baby, toddler, kids, and maternity products. The platform features daily deals that can reach discounts of 50-90% off, with some items available for free. By maintaining strong relationships with manufacturers, PatPat is able to offer prices that are exceptionally competitive. The shopping experience is designed to be efficient, allowing moms to easily find affordable products for their families without excessive time or financial investment. New promotional events are launched daily at 6am PST, ensuring a fresh selection of deals for shoppers.

Momo Dim Sum Bureau is a food and beverage company. They provide every mouthful of great cuisine that is authentic, delicate, and handcrafted. They integrate into the life context and aesthetic taste of the younger generation and innovate boldly in terms of ingredients, craftsmanship, packaging, store image, and marketing interaction.

e-commerce fashion platform

Talent Today is a platform-based human resources technology company driven by big data, algorithms, and artificial intelligence. It offers equivalent integrated human resources solutions that focus on the "selection-nurturing-employment-retention-management" of talents.

Horizon Robotics is a prominent provider of advanced driver assistance systems (ADAS) and autonomous driving solutions specifically designed for passenger vehicles. The company develops proprietary software and hardware that integrate advanced algorithms and specialized processing capabilities. These technologies form the foundation for enhanced driving automation, aiming to improve both safety and the overall experience for drivers and passengers. By focusing on innovative solutions, Horizon Robotics plays a key role in the evolution of assisted and autonomous driving.

Ubras is a women's lingerie manufacturing brand that specializes in size-free, comfortable, and seamless underwear. The company is dedicated to research and development, creating innovative products that combine various fabrics and technologies to meet diverse consumer needs. Ubras aims to simplify the selection process for intimate clothing by providing a range of comfortable options suitable for various use cases. Through its focus on quality and comfort, Ubras seeks to enhance the everyday experience of women by offering functional and stylish lingerie solutions.

Yipin Fresh is the distributor of fresh and discounted food products.

Quansu Zaixian is a China-based fast fashion export e-commerce brand.

A1Food is a food and snacks brand which mainly sells nuts and pastry. Its products offered includes nut set, nut seaweed, oxcake, and blasting liquid crisp. A1Food food sells its product online. The company was founded in 2018 and is headquartered in Xiamen, Fujian.

Fresh Super is a fresh produce grocery in China.

A1Food is a food and snacks brand which mainly sells nuts and pastry. Its products offered includes nut set, nut seaweed, oxcake, and blasting liquid crisp. A1Food food sells its product online. The company was founded in 2018 and is headquartered in Xiamen, Fujian.

Zhihu is a prominent Chinese social question-and-answer platform that allows users to seek information by soliciting opinions and insights from individuals rather than relying solely on traditional forum responses. Established to foster a community-driven exchange of knowledge, Zhihu has grown significantly, with a registered user base exceeding 300,000 by early 2012. The company operates primarily within the online content community space, monetizing its services through a combination of paid memberships, advertising, content-commerce solutions, and vocational training offerings. All of its revenue is generated from within China, reflecting its focus on the domestic market and its commitment to providing users with a rich and engaging platform for knowledge sharing.

Beidian operates as an innovative e-commerce platform that connects consumers, shop owners, and suppliers, offering a diverse range of products including home goods, clothing, food, beauty items, and products for mothers and babies. Unlike traditional e-commerce platforms, Beidian emphasizes social sharing among users, fostering a three-way connection that enhances the shopping experience. The company adheres to a source supply chain model, collaborating closely with numerous high-quality brands, source factories, and agricultural bases worldwide. This approach ensures that consumers have access to premium products at competitive prices, allowing them to purchase better goods while spending less.

Linji, which means “your next door neighbors” in Chinese, was established in June 2017. Headquartered in Hangzhou in the Zhejiang Province, the company is founded by an experienced team who ran well-known domestic convenience stores. Today, the senior team consists of 40+ professionals, each with nearly 20 years of experience in the convenience store industry. The company values entrepreneurial passion and an innovative spirit, and has a unique understanding of customers’ convenience needs, fresh food, and online operations. It has received investment and support from a number of institutions including Source Code Capital.

Yipin Fresh is the distributor of fresh and discounted food products.

Familyone is a community community platform, positioned as "good goods are not expensive", and separated from the low-cost strategy area. Select high-quality and good goods, continuously improve the efficiency of the supply chain, and achieve the ultimate cost performance.

Shanghai Lihuh Network Technology is a video platform operator.

Shanghai based Media & Entertainment company.

Weiba is a short voice and video community for chatting while watching.

Guangzhou Nome Brand Management Co., Ltd. operates consumer lifestyle retail stores in China, offering a diverse range of products including clothing, shoes, bags, food, culinary items, skin care products, and furniture under the NOME brand. Established in 2015 and headquartered in Guangzhou, with an additional office in Stockholm, the company focuses on collaborating with Nordic independent designers to blend design inspiration with practical functionality. NOME emphasizes optimizing its supply chain by sourcing suitable manufacturers worldwide and investing in highly automated, large-scale production methods, allowing it to provide quality products at competitive prices. The company aims to enhance the daily lives of consumers through its thoughtfully designed offerings.

24 Fresh Convenience Store is an instant enhanced convenience food experience store, which is mainly for fresh, convenient and healthy 24-hour instant shop for office white-collar workers.

Xiaozhu.com (小猪短租网) is a Chinese booking website for daily rental and short-term rooms. It aims to provide a guaranteed platform for online communication and transactions for landlords and tenants. Also, a green platform ecosystem is established by mechanisms such as property and personal safety guarantee schemes as well as identification. This will effectively take full advantages and maximize the value of landlords' idle resources through sharing. Meanwhile, it enhances the social relationship and interaction between landlords and tenants and provides tenants with more humanized accommodation experience which is different from traditional hotels. Currently, the company has had branches in 13 cities all over the country and its house sources cover more than 130 domestic cities.

Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

Yipin Fresh is the distributor of fresh and discounted food products.

Ubras is a women's lingerie manufacturing brand that specializes in size-free, comfortable, and seamless underwear. The company is dedicated to research and development, creating innovative products that combine various fabrics and technologies to meet diverse consumer needs. Ubras aims to simplify the selection process for intimate clothing by providing a range of comfortable options suitable for various use cases. Through its focus on quality and comfort, Ubras seeks to enhance the everyday experience of women by offering functional and stylish lingerie solutions.

Zhihu is a prominent Chinese social question-and-answer platform that allows users to seek information by soliciting opinions and insights from individuals rather than relying solely on traditional forum responses. Established to foster a community-driven exchange of knowledge, Zhihu has grown significantly, with a registered user base exceeding 300,000 by early 2012. The company operates primarily within the online content community space, monetizing its services through a combination of paid memberships, advertising, content-commerce solutions, and vocational training offerings. All of its revenue is generated from within China, reflecting its focus on the domestic market and its commitment to providing users with a rich and engaging platform for knowledge sharing.

Shanghai Lihuh Network Technology is a video platform operator.

Weiba is a short voice and video community for chatting while watching.

Wozaijia is a social e-commerce platform for home furniture. "I am at home" is a trustworthy home to share direct purchase platform. Here, people can discover, experience, buy, share their favorite home products, we change the home to share economic practice of buying methods. "I am at home" believes that the world will be better if we can always get a better life with less cost.

Hangzhou Based Smart Hardware Start Up

Manner is a specialty coffee chain that believes that coffee should be a healthy drink affordable to all people. While insisting on bringing good coffee to every customer, MANNER also takes environmental protection as its own social responsibility. MANNER will reduce 5 yuan for every behavior of bringing non-disposable paper cups to the store to enjoy coffee. The company is headquartered in Shanghai, China.

Mafengwo is a prominent Chinese travel social networking site that facilitates the sharing of travel experiences among users. The platform boasts over one million entries of user-generated travel guides and more than five million ratings and reviews, catering to a diverse array of travel-related needs, including information on hotels, flights, travel routes, visas, and insurance. Since its inception, Mafengwo has served over 25 million users, emphasizing user experience by continually enhancing its social platform for sharing travel information. Its core product, the Travel Guide, encompasses more than 95% of global travel destinations and has surpassed 100 million downloads. In 2012, Mafengwo expanded its offerings by integrating booking services from major platforms such as Booking, Agoda, Ctrip, and eLong, further solidifying its position in the travel industry.

DARE ONE is a light luxury brand specializing in women's underwear and sleepwear. The company focuses on delivering high-quality products at accessible prices, using the same design and fabric standards as leading international brands to enhance cost performance. DARE ONE’s aesthetic is influenced by Italian design, featuring a main designer from Italy. The brand's designs emphasize international appeal, ensuring a fit that accentuates women's body curves while promoting the concept of "everyday sexy." DARE ONE champions the versatility of women's underwear as outerwear, offering stylish homewear that can seamlessly transition to outerwear. The garments are crafted from customized silk sourced from Como, Italy, along with premium fabrics imported from France, Italy, and Spain, ensuring both comfort and exclusivity for its customers.

Xiaozhu.com (小猪短租网) is a Chinese booking website for daily rental and short-term rooms. It aims to provide a guaranteed platform for online communication and transactions for landlords and tenants. Also, a green platform ecosystem is established by mechanisms such as property and personal safety guarantee schemes as well as identification. This will effectively take full advantages and maximize the value of landlords' idle resources through sharing. Meanwhile, it enhances the social relationship and interaction between landlords and tenants and provides tenants with more humanized accommodation experience which is different from traditional hotels. Currently, the company has had branches in 13 cities all over the country and its house sources cover more than 130 domestic cities.

Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

A1Food is a food and snacks brand which mainly sells nuts and pastry. Its products offered includes nut set, nut seaweed, oxcake, and blasting liquid crisp. A1Food food sells its product online. The company was founded in 2018 and is headquartered in Xiamen, Fujian.

Wozaijia is a social e-commerce platform for home furniture. "I am at home" is a trustworthy home to share direct purchase platform. Here, people can discover, experience, buy, share their favorite home products, we change the home to share economic practice of buying methods. "I am at home" believes that the world will be better if we can always get a better life with less cost.

Zhihu is a prominent Chinese social question-and-answer platform that allows users to seek information by soliciting opinions and insights from individuals rather than relying solely on traditional forum responses. Established to foster a community-driven exchange of knowledge, Zhihu has grown significantly, with a registered user base exceeding 300,000 by early 2012. The company operates primarily within the online content community space, monetizing its services through a combination of paid memberships, advertising, content-commerce solutions, and vocational training offerings. All of its revenue is generated from within China, reflecting its focus on the domestic market and its commitment to providing users with a rich and engaging platform for knowledge sharing.

Xiaozhu.com (小猪短租网) is a Chinese booking website for daily rental and short-term rooms. It aims to provide a guaranteed platform for online communication and transactions for landlords and tenants. Also, a green platform ecosystem is established by mechanisms such as property and personal safety guarantee schemes as well as identification. This will effectively take full advantages and maximize the value of landlords' idle resources through sharing. Meanwhile, it enhances the social relationship and interaction between landlords and tenants and provides tenants with more humanized accommodation experience which is different from traditional hotels. Currently, the company has had branches in 13 cities all over the country and its house sources cover more than 130 domestic cities.

Zuiyou is a social networking mobile application designed for users born in the 1990s, facilitating the sharing and discovery of content, including recommendations, topics, and videos. The platform distinguishes itself by decentralizing user comments, presenting them in a non-linear manner rather than prioritizing them based on popularity. This approach encourages diverse interactions and allows users to engage with content in a more organic and personalized way. Through its innovative features, Zuiyou aims to foster a unique community where individuals can connect over shared interests and explore a wide array of topics.

BOSS Zhipin is an online recruitment platform in China in terms of average MAU. BOSS Zhipin are a pioneer in introducing a disruptive model which is transforming China’s online recruitment industry – the Direct Recruitment Model. Our mobile-native product promotes instant direct chats between Bosses and job seekers, delivers accurate recommendation results, and is powered by proprietary AI algorithms and big data insights.

Daling owns and operates mobile shopping application. The company is based in Beijing, China.

HeyTea is a Chinese tea shop that focuses on innovative beverages, particularly cheese-topped tea and fruit tea. Founded in 2012 in an alley by the riverside, the company initially operated under the name ROYALTEA before rebranding to HEYTEA. The franchise offers a diverse range of products, including instant milk tea, fruit tea, and traditional Chinese tea, aimed at providing customers with unique flavor combinations. Through its distinct offerings, HeyTea has established itself as a prominent player in the tea beverage market.

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.

AFIONA Yanli is not a follower in the vast beauty market, but rather, with a distinct vision, it carefully picks high-end skin care and beauty goods from around the world for everyone, and delivers tailored and individualized accurate skin care. Problem solving, solve practical difficulties successfully.

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.

Home-Cook is a kitchen-sharing and food delivery platform that connects users with local cooking experts who offer home-cooked meals. The platform allows individuals to discover and order meals prepared by skilled home cooks in their area, providing a safer and more convenient alternative for daily dining. By facilitating the sharing of home-cooked food, Home-Cook enhances the culinary experience while supporting local food preparers.

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.

Home-Cook is a kitchen-sharing and food delivery platform that connects users with local cooking experts who offer home-cooked meals. The platform allows individuals to discover and order meals prepared by skilled home cooks in their area, providing a safer and more convenient alternative for daily dining. By facilitating the sharing of home-cooked food, Home-Cook enhances the culinary experience while supporting local food preparers.

BIFENGTANG is a restaurant chain based in China, specializing in providing a diverse range of dining options. The company focuses on delivering quality food and service to its customers, establishing a presence in the competitive restaurant industry. With its commitment to culinary excellence, BIFENGTANG has developed a reputation for its innovative menu offerings and inviting dining atmosphere. The chain aims to enhance the dining experience for its patrons while expanding its footprint in the market.

Daling owns and operates mobile shopping application. The company is based in Beijing, China.

Trip.com Group, established in 1999 and headquartered in Shanghai, China, is a leading online travel agency. It offers a wide range of travel services, including hotel reservations, air ticketing, packaged tours, and corporate travel management. The company operates through its platforms, Trip.com, Skyscanner, and Ctrip.com, serving over 40 million registered members. Trip.com Group generates the majority of its revenue from accommodation reservations and transportation ticketing, with a significant portion coming from its online platform. It competes in the crowded Chinese OTA market, with major rivals such as Meituan and Alibaba's Fliggy. The company is positioned to benefit from China's growing outbound travel demand, with a focus on expanding its international business.

ThatGameCompany, LLC is a video game development studio founded in 2006 and based in Los Angeles, California. The company is known for its focus on creating artistically crafted and broadly accessible video games that provide enriching and meaningful interactive experiences. Its games are developed for various platforms, including PlayStation, computers, and mobile devices, allowing players to engage with immersive content that aims to inspire and touch audiences. By pushing the boundaries of interactive entertainment, ThatGameCompany strives to contribute positively to the human experience through its innovative gaming approaches.

Three Squirrels Inc., founded in 2012 and headquartered in Wuhu, China, specializes in the production and distribution of casual snacks, including nuts, dried fruits, meat clams, and puffed products. The company operates through both online and offline channels, adopting a new food retail model that enhances direct interactions between businesses and consumers. It has achieved notable success in the Chinese snack market, topping nut sales on platforms like Taobao Tmall shortly after its inception, with sales reaching nearly 8 million units in its first year. Three Squirrels focuses on research and development, as well as private label snack food packaging and sales, positioning itself as a significant player in the forest food sector.

Three Squirrels Inc., founded in 2012 and headquartered in Wuhu, China, specializes in the production and distribution of casual snacks, including nuts, dried fruits, meat clams, and puffed products. The company operates through both online and offline channels, adopting a new food retail model that enhances direct interactions between businesses and consumers. It has achieved notable success in the Chinese snack market, topping nut sales on platforms like Taobao Tmall shortly after its inception, with sales reaching nearly 8 million units in its first year. Three Squirrels focuses on research and development, as well as private label snack food packaging and sales, positioning itself as a significant player in the forest food sector.

Xianyi Materia Medica offers Various methods of TCM cosmetology have been repeatedly used, screened, and perfected day by day, providing effective natural medicines and methods for modern TCM cosmetology and world cosmetology theories.

Vipshop Holdings Limited is a prominent online discount retailer in China, specializing in offering a wide range of branded products at significant discounts, typically between 10% and 90% off their original prices, through daily flash sales. The company manages various aspects of its operations in-house, including warehousing, retailing, product procurement, software development, and information technology support, while utilizing third-party logistics providers for distribution and shipping. Vipshop sources its branded products primarily through a consignment model, collaborating with over 29,000 global partners as of December 2023. The leadership team includes Eric Ya Shen, who serves as chairman and CEO, holding a substantial portion of voting rights and equity in the company.

Mafengwo is a prominent Chinese travel social networking site that facilitates the sharing of travel experiences among users. The platform boasts over one million entries of user-generated travel guides and more than five million ratings and reviews, catering to a diverse array of travel-related needs, including information on hotels, flights, travel routes, visas, and insurance. Since its inception, Mafengwo has served over 25 million users, emphasizing user experience by continually enhancing its social platform for sharing travel information. Its core product, the Travel Guide, encompasses more than 95% of global travel destinations and has surpassed 100 million downloads. In 2012, Mafengwo expanded its offerings by integrating booking services from major platforms such as Booking, Agoda, Ctrip, and eLong, further solidifying its position in the travel industry.

Dazhong Dianping focuses on the "retail + technology" approach and collaborates with merchants and other partners to give consumers a better life while also promoting goods retailing and services. retail's digital transformation on both the demand and supply sides. Meituan will always prioritise customer satisfaction, boost investment in scientific and technical research and development, better fulfill social obligations, generate more social value, and work with partners to achieve win-win outcomes.

Tsui Wah Group, established in 1967, is a Hong Kong-based investment holding company primarily engaged in the food and beverage industry. As of 2020, it operates 83 restaurants and bakery shops across Mainland China, Hong Kong, Macau, and Singapore, offering a range of Chinese and Western dishes. The group also provides food catering services, management services, and operates a food factory, with a significant portion of its revenue generated from its Hong Kong operations. Additionally, it owns trademarks and holds properties related to its business.

Mafengwo is a prominent Chinese travel social networking site that facilitates the sharing of travel experiences among users. The platform boasts over one million entries of user-generated travel guides and more than five million ratings and reviews, catering to a diverse array of travel-related needs, including information on hotels, flights, travel routes, visas, and insurance. Since its inception, Mafengwo has served over 25 million users, emphasizing user experience by continually enhancing its social platform for sharing travel information. Its core product, the Travel Guide, encompasses more than 95% of global travel destinations and has surpassed 100 million downloads. In 2012, Mafengwo expanded its offerings by integrating booking services from major platforms such as Booking, Agoda, Ctrip, and eLong, further solidifying its position in the travel industry.

Ihush is an online sales platform offering special sale items (less than 50% discount) from international fashion brands. It has been authorized by the appropriate channels. In Europe, it is a popular sales model where an online on-sale website is managed by a professional shopping website supported by numerous big brands and their products. Consumers can break the limitations of space and location, receiving special offer information and buying favorite items through the network platform. From the end of 2008 to now, this model has been demonstrating substantial growth in China. So far, it has collaborated with over 500 international brands and it provides costumes, bags and suitcases, home appliance, products for infants and mothers, beauty products, tourism packages, and more. The product information is updated at noon every day and the sale for each brand lasts 3 to 7 days.

Ganji.com is a prominent Chinese domestic classified website launched in 2005, designed to facilitate the exchange of local information among users. It serves as a comprehensive platform where individuals can post and discover a wide array of listings, including real estate for rent or sale, job openings, second-hand goods, used vehicles, pets, and tickets. The website targets the local business market, aiming to create a vibrant online community that addresses the needs of both users and local merchants. By the end of June 2011, Ganji.com had approximately 890,000 users posting daily, covering over 343 cities in China, with operational offices in major cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. The platform also incorporates intelligent technologies to enhance recruitment services, offering features like corporate live broadcasts and AI interview rooms, alongside location-based advertising. Ganji.com continues to evolve as a key player in the local information sector, connecting millions of users with essential services and opportunities.

Bestore is an e-commerce platform and online food community that provides snack items. Bestore provides leisure food production, processing, and packaging, as well as retail services. They provide products for fruits, seafood, meat, and nut snacks, covering meat snacks, roasted nuts, confectionery, dried fruit and preserved fruits, and vegetarian cherries.

Cosmo Lady (China) Holdings Company Limited is a leading enterprise in the design, research, development, and sale of intimate wear in China. Positioned as the largest branded intimate wear company by retail sales and the number of retail outlets, Cosmo Lady offers a diverse range of products including bras, underpants, sleepwear, loungewear, and thermal clothes. The company caters to various consumer demographics through a broad brand portfolio, which includes its core brand "Cosmo Lady" and sub-brands such as "Cosmo Elegance," "Cosmo Blossom," and "Cosmo Esquire." Additionally, it has expanded its offerings with brands like "Secret of City Beauty" and "Freeday," and has strengthened its market presence through acquisitions of high-end brands like Ordifen, Rubii, and Ilsée. More than half of its sales are generated through franchisees operating company outlet stores, while the remainder comes from direct sales at self-managed outlets and e-commerce platforms. The majority of Cosmo Lady's sales are concentrated within China, with women's apparel representing a significant portion of its total revenue.

JD.com, Inc., based in Beijing, is a leading e-commerce company in China, operating through its subsidiaries. It offers a wide array of products, from electronics and apparel to food and healthcare items, through its website and mobile apps. JD.com is notable for its extensive logistics network, JD Logistics, which provides efficient and reliable delivery services. The company also operates JD Health, a prominent online healthcare platform offering pharmaceuticals, medical supplies, and online consultations. JD.com's unique selling proposition lies in its self-operated logistics network, ensuring speedy and reliable delivery, and its commitment to providing authentic products. As of 2022, JD.com's gross merchandise volume (GMV) was comparable to Pinduoduo's, but still lower than Alibaba's.

Zbird (钻石小鸟) is a professional Chinese brand that operates in the online diamond sales sector. The company is engaged in the online sale of luxury goods and advocates the spread of the diamond culture in China. Zbird provides customers with the personal experience of buying diamonds along with the DIY process. Zbird was established in 2002.

Dongguan Your Moon Household Textile Co. Ltd. manufactures and distributes household textile products.

Shanghai Sinoway Herbage Cosmetics Co is a herbal skincare brand in China.

WinInChina is a provider of Other consumer services.

JD.com, Inc., based in Beijing, is a leading e-commerce company in China, operating through its subsidiaries. It offers a wide array of products, from electronics and apparel to food and healthcare items, through its website and mobile apps. JD.com is notable for its extensive logistics network, JD Logistics, which provides efficient and reliable delivery services. The company also operates JD Health, a prominent online healthcare platform offering pharmaceuticals, medical supplies, and online consultations. JD.com's unique selling proposition lies in its self-operated logistics network, ensuring speedy and reliable delivery, and its commitment to providing authentic products. As of 2022, JD.com's gross merchandise volume (GMV) was comparable to Pinduoduo's, but still lower than Alibaba's.

Gtel Call Centre is a call center service provider for SMEs in China.

DeQingYuan Agricultural Technology is an egg producer in China, with a daily egg output of 300K. It is the first company to sell branded green-graded eggs in China.

Zbird (钻石小鸟) is a professional Chinese brand that operates in the online diamond sales sector. The company is engaged in the online sale of luxury goods and advocates the spread of the diamond culture in China. Zbird provides customers with the personal experience of buying diamonds along with the DIY process. Zbird was established in 2002.

Tudou Holdings is a prominent Chinese video sharing website that facilitates user engagement and creativity through its platform. Launched in 2005 by Wang Tei, Tudou allows users to watch, upload, rate, share, comment on, and recommend a variety of video content, including user-generated videos, licensed materials, and original programming. This interactive experience empowers young independent video producers to showcase their creativity. In 2012, Tudou merged with Youku, forming Youku Tudou, Inc., which became a leading entity in the online video sector in China. As of 2013, the platform attracted approximately 227 million unique monthly visitors, establishing a significant user base that outperformed major competitors in the industry.

Zhongrun Resources Investment Corporation is a diversified company involved in mineral development and real estate investment. The company focuses on exploring for and producing a range of minerals, including gold, silver, and various non-ferrous metals. In addition to its mining operations, Zhongrun also engages in real estate ventures, highlighting its commitment to growth in both sectors. Through its dual focus on minerals and real estate, Zhongrun aims to capitalize on opportunities in the resource market while contributing to the development of valuable properties.

Yi De is a provider of financial services such as project investment, financing, capital operation, management consulting, international business consulting, and more. Yi De is equipped with operational experience in financial services such as investment and financing planning, investment management, enterprise development consulting, and more. It is committed to the operation and management of financing and investment companies, which sets up long-term cooperation with many listed companies and international professional investment institutions. It is also the strategic partner of some overseas investment institutions in China.