FountainVest Partners

FountainVest Partners is a private equity firm established in 2008 and headquartered in Hong Kong. The firm specializes in investing in Asian companies that are poised to benefit from China's economic growth, focusing on sectors such as consumer, healthcare, industrial, media, technology, and business services. FountainVest aims to invest in both industry leaders and emerging players with a strong potential for high growth. The firm manages multiple growth-expansion funds, including those focused on healthcare and other key sectors, and operates with a commitment to identifying and supporting companies that demonstrate significant growth trajectories in the Chinese market.

Winnie Cai

Executive Director

Wei Cai

Senior Managing Director

George Chuang

President

Terry (Yongmin) Hu

Founder and Managing Director

Andrew Huang

Managing Director and Head of Cross-Border and Tech / Growth Investing

Zhen Li

Managing Director

Mingfang Lu

Senior Managing Director

Eric Qian

Analyst

Frank Tang

CEO

Kam Xie

Managing Director

Chenning Zhao

Co-Founder and Managing Director

23 past transactions

ZIWI

Acquisition in 2021
ZIWI is a family-owned business headquartered in New Zealand on the purpose of bringing joy and peace of mind to pets and their guardians.

Plus

Series D in 2021
PlusAI, Inc. develops self- driving trucks to enable commercialization of autonomous transport. The company operates a fleet of autonomous trucks in pilot programs in collaboration with freight shipping companies. PlusAI, Inc. was founded in 2016 and is based in Cupertino, California.

Shopal

Series D in 2021
Shopal is a software solutions provider for offline retailers, primarily focused on the cosmetics industry. Founded in 2017 and based in China, the company offers a mobile app that facilitates communication between store staff and customers. Additionally, it provides a backend platform that supports customer segmentation, sales prediction, and data analytics. Shopal also features a mobile application enabling customers to locate desired products easily. The company is part of a broader initiative to help global brands scale in the Chinese market, particularly in the beauty and wellness sectors, by offering integrated, data-driven services that enhance brand presence and operational efficiency.

Furong Xingsheng

Venture Round in 2021
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates convenience stores that serve the local community's daily needs. The company has evolved into a community shopping platform known as Xingsheng Youxuan, which was established in 2018. This platform utilizes a hybrid retail model that combines online ordering with offline pick-up, allowing consumers to access a variety of fresh products. The offerings include fresh vegetables, fruits, meat and poultry, seafood, staple foods, seasonings, and other household items. Through its network of convenience stores, Furong Xingsheng aims to provide convenient access to essential goods for consumers in the region.

Broncus Medical

Series D in 2021
Broncus Medical develops innovative diagnostic and therapeutic navigation technologies aimed at treating lung diseases. The company offers a range of products, including the Archimedes System, which features bronchoscopic trans-parenchymal needle access for virtual bronchoscopic planning and navigation, and the Lungpoint Virtual Bronchoscopic Navigation system that enables real-time navigation within the lungs for biopsy procedures. Additionally, Broncus is advancing its Exhale product line, which includes the Airway Bypass procedure, a minimally-invasive treatment for homogeneous emphysema, a prevalent form of the disease. The company is currently conducting the pivotal EASE Trial to evaluate this treatment. Founded in 1997 and originally named Broncus Technologies, the company is headquartered in San Jose, California, with additional operations in Shanghai, China, and Mountain View, California. Broncus Medical focuses on addressing the unmet medical needs in interventional pulmonology, improving the diagnosis and treatment of lung cancer and chronic obstructive pulmonary disease (COPD).

4Paradigm

Series D in 2021
Shenzhen Qianhai 4Paradigm Data Technology Co., Ltd. is a leading provider of artificial intelligence technology and services based in Beijing, China. Founded in 2014, the company specializes in platform-centric AI solutions that help enterprises across various industries, including finance, energy, retail, manufacturing, and healthcare, enhance their decision-making capabilities and operational efficiency. 4Paradigm's innovative machine learning technology, particularly its unique approach known as "migration learning," enables businesses to accurately predict trends, mine data, and uncover hidden patterns, ultimately reducing risks and maximizing commercial value. The company's offerings include the Sage AI Platform, SHIFT Intelligent Solutions, and SageGPT AIGS Services, allowing for rapid deployment of AI applications tailored to enterprise needs.

Zuoyebang

Series E in 2020
Zuoyebang currently cooperates with 113 educational organizations and 370,000 primary schools and high schools in China. Zuoyebang, which started as a phase of Q&A website Baidu Zhidao, is a platform where scholars can seek answers to study-related problems, and also supply method to peers who are trying to find assistance.

Zuoyebang

Series E in 2020
Zuoyebang currently cooperates with 113 educational organizations and 370,000 primary schools and high schools in China. Zuoyebang, which started as a phase of Q&A website Baidu Zhidao, is a platform where scholars can seek answers to study-related problems, and also supply method to peers who are trying to find assistance.

Maoyan

Post in 2020
Maoyan Entertainment is a leading provider of Internet-enabled entertainment services in China, specializing in online ticketing for movies and entertainment events. Founded in 2012 and headquartered in Beijing, the company offers a comprehensive range of services, including promotion and distribution for films, e-commerce, and advertising. Its clientele consists mainly of cinemas, entertainment producers, distributors, and advertisers, facilitating a dynamic ecosystem within the entertainment industry. Maoyan has established a strategic alliance with Tencent Video to enhance its entertainment consumption platform. As a subsidiary of Shanghai Enlight Investment Holdings since 2017, Maoyan continues to innovate and expand its offerings in the rapidly evolving entertainment sector.

LaoBaiXing

Post in 2019
LaoBaiXing Pharmacy Chain Joint Stock Company operates a chain of pharmacy stores across 21 provincial markets in China, including major regions such as Hunan, Jiangsu, and Guangdong. Founded in 2001 as a family business in Hunan province, the company specializes in the retail of a wide range of products, including Chinese and Western medicines, health equipment, healthy food, and personal care items. LaoBaiXing emphasizes low prices and offers in-store consultation services and membership programs to enhance customer experience. The company is also exploring new store formats with a greater focus on health and beauty products. Based in Changsha, LaoBaiXing has plans for an initial public offering, aiming to enter the China A-share market.

Antengene

Series B in 2019
Antengene Corporation is a biopharmaceutical company based in Shanghai, China, founded in 2016. The company specializes in developing innovative oncology therapies aimed at treating various types of cancer. Its product pipeline includes ATG-008, an orally available mTOR kinase inhibitor for advanced solid tumors and hematological malignancies, and ATG-010, a compound targeting the XPO1 protein for hematologic cancers like multiple myeloma. Additionally, Antengene is advancing several other candidates in different stages of development, including ATG-016, ATG-527, and ATG-019, which target various oncological conditions. The company is committed to addressing unmet medical needs in Asia through its research and development efforts focused on anti-tumor and anti-cancer therapies.

Bosch Mahle Turbo Systems

Acquisition in 2017
Bosch Mahle Turbo Systems - A competitive turbocharger manufacturer in the automotive industry Bosch Mahle Turbo Systems is a joint venture between Robert Bosch GmbH and MAHLE GmbH. Both parent companies are well-established-, and globally active development partners. They are systems suppliers to original equipment manufacturers in a number of areas; including powertrains. Bosch Mahle Turbo Systems develops and produces tailor-made exhaust gas turbochargers for passenger cars and commercial vehicles. Their commitment is to excellent product quality and complete customers satisfaction. By navigating through our website you will learn more about our Company and our products.

Codoon

Series C in 2016
Codoon (咕咚网) is a Chinese sports and wellness service provider that integrates software and hardware technologies to develop products that monitor users' sport, sleeping, and other physical conditions, and builds personal health profiles in cloud storage through its Codoon hand bracelets and APPs. Codoon adopts advanced Internet-of-Things technologies to offer an internet community platform for fashion, sports, and healthy lifestyles via online personal sports and electronic products. As of today, Yuedong Information has completed the research and development, production, and sales of fitness tracker hardware, as well as the development and operation of Codoon.com. The company is also planning to offer wireless heart rate monitors and slimming scales.

FangDD

Series C in 2015
Shenzhen FangDD Network Technology Co., Ltd. operates an online real estate service platform in China, specializing in connecting property sellers and home buyers through real estate brokers. Founded in 2011 and based in Shenzhen, FangDD employs a "pay-for-performance" business model, distinguishing itself from competitors that charge listing fees. The platform collaborates with over 100,000 brokers and has established a presence in more than 30 cities, employing approximately 2,500 individuals. FangDD offers integrated marketing services and SaaS-based solutions to help real estate agents access crucial business resources, such as customers, property listings, and transaction data. The company's innovative approach has facilitated significant real estate transactions, with the platform reporting over 50 billion yuan in transactions in just the first half of 2014.

Xingren Doctor

Series B in 2015
In China, almost every doctor must face overloaded with work. The number of patients they received a day or even a week,the number of foreign doctors will be reception. In addition to China's large population of natural conditions, the unity of the health care system, pattern, so difficult and tense doctor-patient relationship and other issues remain unresolved.

Dianping.com

Series E in 2015
Provider of an O2O (online-to-offline) platform for urban and lifestyle services. The company's O2O (online-to-offline) platform for urban and lifestyle services offers merchant information and consumer reviews while also providing group buying, online restaurant reservations, take-out delivery, e-coupon promotions and other O2O services, enabling users to access consumer information on their phones.

Key Safety Systems

Acquisition in 2014
Key Safety Systems (KSS) is a global leader in the design, development and manufacturing of automotive safety-critical components and systems including airbags, seatbelts, and steering wheels. Their products are featured in more than 300 vehicle models produced by over 60 well-diversified customers worldwide. KSS also utilizes their products and technical experience to supply a wide variety of non-automotive businesses including military and commercial vehicles. KSS achieves competitive advantages by operating as a seamless global entity where all worldwide associates work together, continuously improving all aspects of their business.

Focus Media

Private Equity Round in 2013
Focus Media Holding Limited is a multi-platform digital media company based in Hong Kong, specializing in out-of-home advertising through a vast network of digital displays across China. The company operates an extensive array of liquid crystal display (LCD) networks, strategically positioned in high-traffic areas such as malls, hotels, and residential buildings, as well as in-store environments. Focus Media also offers advertising services on traditional poster frames, large outdoor LED screens, and cinema screens. As of 2012, its network included over 172,000 LCD displays in 112 cities, along with a significant number of traditional and digital poster frames and movie theater screens. The company has developed a diverse media portfolio that targets specific audiences through various formats, including video media in commercial buildings, mobile advertising, and internet platforms. Focus Media is recognized within the industry for its innovative business models and effective audience segmentation strategies.

Yantai Beacon Medical

Private Equity Round in 2013
Yantai Beacon Medical Technology Co., Ltd., founded in 2012 and headquartered in Yantai, China, specializes in the manufacture of medical equipment, notably medical gas systems and oxygen supply systems. The company also offers purification engineering services. Originally established in 1999 as Yantai Beacon Group Company Limited, it operates as a subsidiary of Bright Future (Hong Kong) Holding Ltd. Through its innovative solutions, Yantai Beacon Medical aims to enhance healthcare delivery by providing essential medical technologies.

Enzo Jewelry

Private Equity Round in 2011
Enzo Jewelry Inc. operates a chain of jewelry stores across China, Hong Kong, and Macau, offering a diverse range of products that includes bridal, designer, and daily wear jewelry, as well as collections featuring gemstones and diamonds. The company markets its products through various e-commerce platforms, such as Tmall, JD.com, and VIP.com, enhancing its reach to customers online. Established in 2003 and headquartered in Shenzhen, China, Enzo Jewelry has positioned itself as a prominent player in the jewelry retail market. As of January 2020, it functions as a subsidiary of Chow Tai Fook Jewellery Group Limited.

L.K. Technology

Post in 2011
L.K is a die casting machines manufacturer and has two other fast growing businesses in plastics injection molding machines and computer numerical control machining centres.
Universtar Science & Technology (Shenzhen) Co., Ltd. is a high-tech enterprise focused on the development and provision of environmental monitoring products and pollution treatment technologies. Established in 2002 and based in Shenzhen, the company offers a comprehensive range of solutions for environmental monitoring, including systems for wastewater, air quality, and flue gas, as well as emergency command capabilities for government entities. Its expertise extends to advanced environmental treatment technologies, such as desulfurization, denitrification, and various wastewater treatment solutions tailored for diverse industrial applications. Universtar also engages in water ecological restoration and solid waste treatment, alongside providing third-party operation services for pollution source monitoring. The company integrates telecommunications, automation control, and chemical engineering technologies, operating through a network of branches and service centers to support its extensive offerings in environmental protection.
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