Capital Today

Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China. Capital Today's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles. Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's "3 Weapons"). Capital Today is a strong believer of long term investment and tends to hold the investment for many years. Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.

68 past transactions

Vita Dynamics

Seed Round in 2025
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

Venture Round in 2023
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.

HAI ROBOTICS

Series D in 2022
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a variety of intelligent solutions, including a goods-to-person system, smart in-plant logistics solutions for manufacturing, and multi-tier steel platforms for diverse applications. As a pioneer in the field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, and has since focused on research and development, securing numerous patents. The HAIPICK system significantly enhances warehouse efficiency, reportedly increasing operational productivity by three to four times and boosting storage density by 80% to 130%. HAI ROBOTICS caters to a broad range of clients, including major logistics and supply chain companies, and is committed to delivering flexible and customizable automation solutions to optimize warehouse operations.

Dr. Cheese

Series B in 2022
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

Series A in 2022
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

Series C in 2021
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

Series D in 2021
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in autonomous case-handling robotic systems for warehouse automation. The company offers a variety of intelligent solutions, including a goods-to-person system, smart in-plant logistics solutions for manufacturing, and multi-tier steel platforms for diverse applications. As a pioneer in the field, HAI ROBOTICS launched its first autonomous case-handling robot, HAIPICK, in 2015, and has since focused on research and development, securing numerous patents. The HAIPICK system significantly enhances warehouse efficiency, reportedly increasing operational productivity by three to four times and boosting storage density by 80% to 130%. HAI ROBOTICS caters to a broad range of clients, including major logistics and supply chain companies, and is committed to delivering flexible and customizable automation solutions to optimize warehouse operations.

Outer

Series B in 2021
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

Series C in 2021
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

Series A in 2021
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.

Talent Today

Series B in 2021
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

Series C in 2020
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

Series B in 2020
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

Series C in 2020
Yipin Fresh is the distributor of fresh and discounted food products.

Quansu Zaixian

Angel Round in 2020
Quansu Zaixian is a China-based fast fashion export e-commerce brand.

A1Food

Series B in 2020
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

Series B in 2019
Fresh Super is a fresh produce grocery in China.

A1Food

Series B in 2019
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

Series F in 2019
Zhihu is a Chinese question-and-answer platform that distinguishes itself from traditional forums by encouraging users to share personal opinions and insights in response to inquiries. As of January 2012, the platform has amassed over 300,000 registered users. Zhihu operates primarily as an online content community and generates revenue through various channels, including paid membership services, advertising, content-commerce solutions, and vocational training. All of its revenue streams are derived from within China, reflecting its focus on the domestic market and its aim to foster a rich, interactive knowledge-sharing environment.

Beidian

Series A in 2019
Beidian providing consumers with home, clothing, food, beauty, mother and baby, etc. good stuff. Different from the traditional platform, the store communicates through the social sharing of people, realizes the three-way connection between consumers, shopkeepers and supply chain, and delivers selected good goods to consumers. Badian adheres to the source supply chain model and has reached in-depth cooperation with tens of thousands of high-quality brands, source factories and agricultural products bases around the world to ensure that consumers can spend less money to buy better products.

Linji

Series B in 2019
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

Series B in 2019
Yipin Fresh is the distributor of fresh and discounted food products.

Shanghai Lihuh Network Technology

Series B in 2018
Shanghai Lihuh Network Technology is a video platform operator.

Youhua Technology

Series B in 2018
Shanghai based Media & Entertainment company.

24Fresh

Seed Round in 2018
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

Series F in 2018
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

Series A in 2018
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates a network of convenience stores that focus on community shopping. The company offers a variety of fresh products, including vegetables, fruits, meat, poultry, seafood, and general merchandise. It employs a novel retail model that combines online ordering with offline pick-up, catering to the daily needs of household consumers. In addition to its retail operations, Furong Xingsheng also specializes in B2B logistics and distribution services, enhancing its efficiency in serving the local market.

Yipin Fresh

Series A in 2018
Yipin Fresh is the distributor of fresh and discounted food products.

Ubras

Series A in 2018
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

Series E in 2018
Zhihu is a Chinese question-and-answer platform that distinguishes itself from traditional forums by encouraging users to share personal opinions and insights in response to inquiries. As of January 2012, the platform has amassed over 300,000 registered users. Zhihu operates primarily as an online content community and generates revenue through various channels, including paid membership services, advertising, content-commerce solutions, and vocational training. All of its revenue streams are derived from within China, reflecting its focus on the domestic market and its aim to foster a rich, interactive knowledge-sharing environment.

Shanghai Lihuh Network Technology

Series A in 2018
Shanghai Lihuh Network Technology is a video platform operator.

Manner

Series A in 2018
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.

DARE ONE

Series A in 2017
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

Series E in 2017
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

Series B in 2017
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.

Wozaijia.com

Series A in 2017
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

Series D in 2017
Zhihu is a Chinese question-and-answer platform that distinguishes itself from traditional forums by encouraging users to share personal opinions and insights in response to inquiries. As of January 2012, the platform has amassed over 300,000 registered users. Zhihu operates primarily as an online content community and generates revenue through various channels, including paid membership services, advertising, content-commerce solutions, and vocational training. All of its revenue streams are derived from within China, reflecting its focus on the domestic market and its aim to foster a rich, interactive knowledge-sharing environment.

Xiaozhu.com

Series D in 2016
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.

BOSS Zhipin

Series C in 2016
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.

HeyTea

Series A in 2016
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.

Daling

Series C in 2016
Daling owns and operates mobile shopping application. The company is based in Beijing, China.

BeiBei

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

AFIONA

Series A in 2016
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

Venture Round in 2016
Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors. Wang Xing founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.

Home-Cook

Series B in 2015
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

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

Home-Cook

Series B in 2015
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.

Daling

Series B in 2014
Daling owns and operates mobile shopping application. The company is based in Beijing, China.

ThatGameCompany

Series B in 2014
thatgamecompany, LLC is a video game developer based in Los Angeles, California, founded in 2006. The company specializes in creating artistically crafted and broadly accessible video games that aim to enhance the interactive entertainment landscape. Its games are available on various platforms, including PlayStation, computers, and mobile devices, allowing players to engage with enriching experiences designed to inspire and positively impact their lives. Through a commitment to meaningful gameplay, thatgamecompany seeks to push the boundaries of traditional gaming while respecting and engaging its audience.

Three Squirrels

Series B in 2013
Anhui Three Squirrels E-commerce Co., Ltd., established in 2012, is an enterprise specializing in the research and development, distribution, and online B2C brand marketing of forest food such as nuts, dried fruit, tea, and more. Three Squirrels adopts the new food retail model, which shortens the distance between businesses and customers. It also initiated the sale of Chinese foodstuff through the internet. According to Taobao Tmall, Three Squirrel's sales in 2012 topped the nut industry in China, with the sales volume reaching nearly 8 million.

INOHERB

Angel Round in 2013
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

Venture Round in 2012
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

Series B in 2012
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

Series D in 2012
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

Private Equity Round in 2012
Tsui Wah Group is an investment holding company primarily focused on providing food catering services through its network of restaurants and bakeries. The company operates mainly in Hong Kong, with additional presence in the People's Republic of China and Macau. The majority of its revenue is generated from its operations in Hong Kong, where it offers a diverse menu catering to a wide range of customer preferences. Through its eateries, Tsui Wah Group aims to deliver quality dining experiences, establishing a notable presence in the food service industry.

ihush.com

Series B in 2011
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

Series C in 2011
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

Series A in 2011
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

Private Equity Round in 2010
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

Series B in 2009
JD Logistics, a subsidiary of JD.com, operates as a technology-driven supply chain solutions and logistics service provider in China. Established in 2007, JD Logistics focuses on creating efficient and sustainable logistics solutions, encompassing a wide range of services from warehousing to distribution. The company serves various industries, including fast-moving consumer goods, apparel, home appliances, consumer electronics, automotive, and fresh produce. JD Logistics is committed to formulating and executing tailored supply chain strategies to meet the diverse needs of its clients. Its mission is to become the world's most reliable supply chain infrastructure service provider, leveraging technology to enhance operational efficiency.

Dongguan Your Moon Household Textile

Private Equity Round in 2008
Dongguan Your Moon Household Textile Co. Ltd. manufactures and distributes household textile products.

Shanghai Sinoway Herbage Cosmetics

Private Equity Round in 2008
Shanghai Sinoway Herbage Cosmetics Co is a herbal skincare brand in China.

WinInChina

Venture Round in 2007
WinInChina is a provider of Other consumer services.

JD.com

Series A in 2007
JD Logistics, a subsidiary of JD.com, operates as a technology-driven supply chain solutions and logistics service provider in China. Established in 2007, JD Logistics focuses on creating efficient and sustainable logistics solutions, encompassing a wide range of services from warehousing to distribution. The company serves various industries, including fast-moving consumer goods, apparel, home appliances, consumer electronics, automotive, and fresh produce. JD Logistics is committed to formulating and executing tailored supply chain strategies to meet the diverse needs of its clients. Its mission is to become the world's most reliable supply chain infrastructure service provider, leveraging technology to enhance operational efficiency.

Zbird

Series A in 2007
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

Series B in 2007
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

Post in 2007
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

Series A in 2006
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.
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