FountainVest Partners

FountainVest Partners is a private equity firm established in 2008 and based in Hong Kong. The company focuses on investing in Asian firms, particularly in sectors such as consumer goods, healthcare, industrial, media, technology, and business services. FountainVest aims to identify and partner with industry leaders and emerging companies that demonstrate strong growth potential and a proven track record. By concentrating on these sectors, FountainVest seeks to drive value creation and foster the development of its portfolio companies within the dynamic Asian market.

Yan Kang

Senior Managing Director and Head of Portfolio Management

Zhen Li

Managing Director

Frank Tang

Co-Founder, CEO and Managing Partner

Kam Xie

Managing Director

Chenning Zhao

Co-Founder and Managing Director

26 past transactions

Tasaki & Company

Acquisition in 2024
Tasaki is a luxury jewelry brand headquartered in Kobe, Japan, specializing in the manufacture and distribution of a diverse range of products. The company offers an extensive selection of jewelry, including rings, necklaces, pendants, bracelets, and earrings crafted from pearls and diamonds. In addition to jewelry, Tasaki provides men's and women's watches, leather bags, and various accessories, all designed to embody innovation and elegance. Through its creations, Tasaki aims to instill confidence and highlight the unique brilliance of its customers.

China F&B

Acquisition in 2022
China F&B operates two renowned international restaurant chains, Dairy Queen (DQ) and Papa John's Pizza (PPJ) in China, and is the world's largest franchisee of DQ and the largest franchisee of PPJ outside the United States. The Company was founded in 2003 and is today the largest ice cream restaurant chain and the second largest pizza restaurant chain in China. As of 31 December 2013, China F&B had a network of 407 DQ outlets and 140 PPJ outlets.

Plus

Series D in 2021
Plus is a global provider of highly automated and fully autonomous driving solutions, headquartered in Silicon Valley, California, with operations in the U.S. and Germany. The company develops AI-based autonomous driving software that addresses the driving intelligence challenge, utilizing an advanced autonomy technology platform. This platform is designed to enable safe, high-performance, and affordable autonomous vehicles at scale, employing a comprehensive 360-degree sensing system that integrates radar, LiDAR, and cameras for object detection. Plus collaborates with leading vehicle manufacturers, fleets, and technology companies worldwide, contributing to safer, more comfortable, and sustainable driving experiences. The company has garnered recognition for its innovative technology and business progress from multiple industry awards and publications.

USHOPAL

Series D in 2021
The USHOPAL brand acceleration group is transforming the way global brands scale in China. They partner and invest in visionaries creating the next generation of luxury &ands in the beauty and wellness space. They are a data-driven, fully inte-grated, omni -channel service that introduces and scales foreign brands in China.

Furong Xingsheng

Venture Round in 2021
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.

Broncus Medical

Series D in 2021
Broncus Medical is a medical technology company specializing in the development of minimally-invasive devices for treating lung diseases, including emphysema and lung cancer. Based in Mountain View, California, with an international presence in Nyon, Switzerland, Broncus is focused on addressing significant unmet medical needs in interventional pulmonology. The company is exploring its Exhale product line, which features a patented treatment method known as Airway Bypass, aimed at providing a minimally-invasive solution for patients suffering from homogeneous emphysema. Broncus is currently conducting the pivotal EASE Trial, enrolling patients worldwide to evaluate the efficacy of this treatment in severe cases of the disease. Additionally, Broncus offers a range of innovative products designed to enhance diagnostic and therapeutic outcomes in lung care, including the Archimedes System, LungPoint, and InterVapor System.

4Paradigm

Series D in 2021
4Paradigm is a prominent artificial intelligence technology and service provider based in Beijing. The company specializes in enterprise AI, offering platform-centric software solutions that empower organizations to create their own decision-making AI applications. 4Paradigm's technology, particularly its innovative "migration learning" approach, is recognized as a significant advancement in AI, enabling enterprises to enhance efficiency, mitigate risks, and maximize commercial value. The company operates through three primary business segments: Sage AI Platform, SHIFT Intelligent Solutions, and SageGPT AIGS Services. These solutions are designed for large-scale deployment, allowing businesses to uncover hidden patterns in data and improve their decision-making processes. By focusing on enterprise needs rather than individual users, 4Paradigm positions itself as a leader in the AI sector, maintaining a competitive edge in migration learning technology.

Zuoyebang

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

Zuoyebang

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

Maoyan

Post in 2020
Maoyan is a China-based company that specializes in online movie ticketing services and operates as a subsidiary of Shanghai Enlight Investment Holdings. Founded in April 2016 by Wang Xing, the company is headquartered in Beijing. Maoyan functions primarily through three segments: the Online Entertainment Ticketing Services segment, which offers ticketing for movies and various entertainment events; the Entertainment Content Services segment, which provides a platform for distribution, promotion, and production of entertainment content including movies, TV series, and variety shows; and the Advertising Services segment, which caters to advertisers looking to promote their brands across its platforms. Through these segments, Maoyan aims to enhance the entertainment experience for consumers while supporting the broader entertainment ecosystem.

LBX Pharmacy

Post in 2019
Laobaixing Pharmacy Chain Joint Stock Company operates a widespread pharmacy store chain across 21 provincial markets in China, including major regions such as Hunan, Jiangsu, and Guangdong. Founded in 2001 in Hunan province as a family business, Laobaixing focuses on retailing a diverse range of products, including both Chinese and Western medicines, health equipment, healthy food, and personal care items. The company is committed to providing low prices, in-store consultations, and membership programs to enhance customer service. In response to market trends, new store formats are being introduced that emphasize health and beauty products. Laobaixing is also involved in the wholesale and manufacturing of drugs and is preparing for an initial public offering in the China A-share market. The company is headquartered in Changsha, China.

Antengene

Series B in 2019
Antengene Corporation is a biopharmaceutical company based in Shanghai, China, founded in 2016, that specializes in the development of innovative therapies for cancer treatment. The company's portfolio includes ATG-010 (selinexor), targeting hematologic malignancies such as multiple myeloma, and ATG-008 (onatasertib), an mTOR kinase inhibitor aimed at treating advanced solid tumors and hematological malignancies. Antengene's pipeline features several investigational products, including ATG-016 (eltanexor), ATG-527 (verdinexor), and ATG-019, along with pre-clinical candidates like ATG-101, a bi-specific antibody, and ATG-012, a KRAS G12C inhibitor. The company is committed to addressing unmet medical needs in Asia through its focus on the discovery, development, and commercialization of first-in-class therapeutics for various types of cancer.

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 is a Chinese sports and wellness service provider that combines software and hardware technologies to create products aimed at monitoring users' fitness, sleep, and overall health. The company develops fitness tracker hardware and a digital health application that helps users track various metrics, including steps taken, heart rate, sleep quality, and weight management. This data is utilized to build personal health profiles stored in the cloud, allowing users to achieve their health and fitness goals effectively. Codoon also operates an online community platform focused on fashion, sports, and healthy living, leveraging advanced Internet-of-Things technologies. In addition to its existing products, the company is planning to expand its offerings to include 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.

Dazhong Dianping

Series E in 2015
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.

Key Safety Systems

Acquisition in 2014
Key Safety Systems (KSS) is a prominent global provider specializing in the design, development, and manufacturing of safety-critical components for the automotive industry, including airbags, seatbelts, and steering wheels. Their products are incorporated into over 300 vehicle models across more than 60 diverse customers worldwide. In addition to automotive applications, KSS leverages its technical expertise to serve non-automotive sectors, such as military and commercial vehicles. The company emphasizes a collaborative approach, fostering seamless integration among its global team to enhance operational efficiencies and drive continuous improvement across all business functions.

Focus Media

Private Equity Round in 2013
Focus Media Holding Limited is a prominent digital media company based in Central, Hong Kong, specializing in out-of-home advertising through a diverse array of platforms. The company operates an extensive network of liquid crystal display (LCD) screens and other advertising formats strategically located in high-traffic areas, including malls, hotels, and residential buildings. Its offerings encompass video media in commercial buildings, digital displays in stores, advertising in elevators, and large outdoor LED screens, as well as traditional billboards and cinema advertising. With a significant presence across approximately 112 cities in China, Focus Media has established a vast network that includes over 172,000 digital displays, more than 505,000 traditional poster frames, and extensive cinema partnerships. The company is known for its innovative business models and targeted audience segmentation, making it a key player in the media advertising industry.

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.

SPH KYUAN

Series E in 2010
SPH Kyuan is a pharmaceutical business enterprise that integrates logistics. They are pharmaceutical manufacturers and maintain and supply pharmaceutical products. They provide services for IT technology, logistics management, supply chain solutions, and other internal management support systems.

Universtar Science & Technology

Series B in 2008
Universtar Science & Technology (Shenzhen) Co., Ltd. is a high-tech enterprise focused on the research and development of environmental protection monitoring products. Recognized by the People's Government of Shenzhen Municipality, the company employs advanced telecommunications, network technologies, and automation control within the environmental protection sector. Universtar integrates information technology, chemical engineering, and precision instrumentation to enhance its offerings. The company has established various departments and centers dedicated to environmental protection equipment, system integration, engineering, and research and development. Additionally, Universtar manages pollution-processing projects and develops monitoring systems for environmental initiatives. With a robust infrastructure that includes 24 branches and 82 operation centers, the company supports its services with comprehensive after-sales systems.
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