Hike Capital

Hike Capital, established in December 2015 and based in Beijing, China, is a venture capital firm that focuses on investing in early to growth-stage companies. The firm specializes in Pre-A through Series C investments, primarily targeting sectors such as information technology, consumer upgrades, and transportation. Founded by Mark Yang, a successful entrepreneur known for Ganji.com and Guazi.com, and Anna Xu, former GM of mobile Internet at NetEase, Hike Capital goes beyond traditional funding by providing strategic management expertise and mentorship to emerging entrepreneurs. This support helps new businesses navigate industry trends and develop sustainable growth strategies. Hike Capital has backed several notable companies, including Guazi.com, CHJ Automotive, Flash EX, Baby English, Huohua, and Downstairs.

Haoyong Yang

Founding Partner

40 past transactions

Qiwu Technology

Venture Round in 2024
Qiwu Technology is committed to empowering enterprises with smart operations in the era of big data and social networks.

Orienspace

Series B in 2024
Founded in 2020, Orienspace is a leading commercial launch vehicle designer and manufacturer in China. It develops a series of expendable and reusable aerospace products, including the Gravity Series launch vehicles, Force Series rocket engines, and Hongli Series aerospace equipment. The Gravity Series launch vehicles aim to offer affordable, convenient and large-scale launch services, and Gravity-1 made its maiden flight on January 11, 2024, becoming the largest solid-propellant in the world. Orienspace is committed to providing the global space industry, as well as everyone, with more flexible and economical launch solutions.

Hopewell Therapeutics

Seed Round in 2023
Hopewell Therapeutics Inc. is a biotechnology company based in Cambridge, Massachusetts, that specializes in developing synthetic lipid-based drug delivery systems. Founded in 2018, the company focuses on creating biodegradable lipid nanoparticles designed for the delivery of nucleic acids in gene therapy and gene editing applications. Their innovative technology aims to enhance the efficacy of genomic medicines, providing healthcare professionals with improved tools for immunotherapy and related therapies. Through its advancements in drug delivery, Hopewell Therapeutics seeks to facilitate the safe and effective administration of cutting-edge treatments to patients.

Orienspace

Series A in 2022
Founded in 2020, Orienspace is a leading commercial launch vehicle designer and manufacturer in China. It develops a series of expendable and reusable aerospace products, including the Gravity Series launch vehicles, Force Series rocket engines, and Hongli Series aerospace equipment. The Gravity Series launch vehicles aim to offer affordable, convenient and large-scale launch services, and Gravity-1 made its maiden flight on January 11, 2024, becoming the largest solid-propellant in the world. Orienspace is committed to providing the global space industry, as well as everyone, with more flexible and economical launch solutions.

Artivila Therapeutics

Seed Round in 2022
Artivila Therapeutics is a pharmaceutical company established in 2018 and based in Shenzhen, China. The company specializes in biotechnology and is dedicated to improving patient outcomes through innovative drug discovery. Utilizing an AI-powered platform, Artivila focuses on developing new therapeutic solutions for neurodegenerative diseases, cancers, and autoimmune diseases. Its integrated approach aims to consistently and efficiently deliver first-in-class drug candidates, positioning Artivila at the forefront of pharmaceutical research and development.

Xbiome

Series B in 2021
Xbiome is a pioneering pharmaceutical company in China focused on intestinal micro-ecology, utilizing artificial intelligence to enhance gut health management for a population of 1.3 billion. The company specializes in developing microbial pharmaceuticals aimed at treating microecological intestinal disorders. By analyzing both patient and donor intestinal flora, Xbiome accelerates the creation of effective treatments. Their innovative approach includes the use of living biological drugs and microbial small molecule modulators, which aim to provide patients with relief from various gastrointestinal diseases.

Doublefs

Series A in 2021
e-commerce fashion platform

Megatronix

Venture Round in 2021
Megatronix specializes in providing advanced software solutions for the automotive industry, focusing on digitizing vehicles through innovative technology. The company develops a distributed intelligent operating system that forms the core software architecture connecting vehicles to the cloud. Their offerings include parts software products, new vehicle software development, and cloud business systems. Additionally, Megatronix provides tools such as the SmartMega OS and SmartMega Core, which enable rapid customization of software based on specific vehicle models. Their product line features digital cockpit systems, multiple domain controllers, T-Boxes, and gateways, all designed to enhance the integration of intelligent automotive functions. By delivering tailored software solutions, Megatronix aims to create a more convenient and smart travel experience for drivers and manufacturers alike.

Yuanbao Insurance Research Institute

Series C in 2021
Yuanbao provides users with insurance products and services. The company's product types include medical insurance, critical illness insurance, and comprehensive accident insurance. The company are committed to providing customers with domestic insurance planning services and helping customers customize insurance plans.

Saibo Kunlun

Seed Round in 2021
Saibo Kunlun is a cyber security service provider that focuses on software, system security, and cloud security.

Fenbi

Series A in 2021
Fenbi Wang provides vocational education examination services.

Spark Education

Series E in 2021
Spark Education is a global online education company that focuses on developing critical thinking skills in children through interactive live instruction, animations, and games. Founded in 2018, it has quickly gained traction, attracting over half a million users worldwide. The company’s offerings include various educational platforms such as Spark Math, which combines Singapore Math with Common Core standards, and Spark Chinese for language learning. Additionally, Spark Education encompasses Huohua Siwei, an online Chinese-language learning service, Allschool, an online marketplace that connects teachers and learners, and ClassPod, which facilitates interactive small-group classes. The organization is backed by prominent investors and aims to inspire a passion for learning and foster lifelong growth in its students.

Quansu Zaixian

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

Atec Pharmatechnik

Seed Round in 2020
ATEC Pharmatechnik GmbH is a manufacturer specializing in sterile processing technologies for the pharmaceutical and bioprocessing industries. Founded in 1996 and headquartered in Sörup, Germany, the company produces a range of products, including stopper and cap processing systems, clean room lifts, sterile powder transfer solutions, process vessels, and CIP/SIP stations. ATEC's patented technology is particularly focused on aseptic filling processes, ensuring safety and reliability in manufacturing environments. Additionally, the company provides comprehensive project management services that cover engineering and post-installation support, enhancing the overall efficiency of their clients' operations. ATEC also has branches in Japan and the United States, expanding its global reach in the industry.

Spark Education

Series D in 2019
Spark Education is a global online education company that focuses on developing critical thinking skills in children through interactive live instruction, animations, and games. Founded in 2018, it has quickly gained traction, attracting over half a million users worldwide. The company’s offerings include various educational platforms such as Spark Math, which combines Singapore Math with Common Core standards, and Spark Chinese for language learning. Additionally, Spark Education encompasses Huohua Siwei, an online Chinese-language learning service, Allschool, an online marketplace that connects teachers and learners, and ClassPod, which facilitates interactive small-group classes. The organization is backed by prominent investors and aims to inspire a passion for learning and foster lifelong growth in its students.

Li Auto

Series C in 2019
Li Auto Inc. is a prominent Chinese manufacturer of smart electric vehicles, specializing in the design, development, production, and sale of premium electric sport utility vehicles (SUVs). Established in 2015 and headquartered in Beijing, the company launched its first model, the Li ONE, in November 2019. This six-seat electric SUV features a range extension system and advanced smart vehicle solutions, catering to consumers seeking longer travel capabilities. In 2023, Li Auto sold over 376,000 new energy vehicles, capturing approximately 4% of China's passenger new energy vehicle market. The company continues to expand its product offerings, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), in order to reach a wider audience and meet diverse consumer needs.

Li Auto

Series C in 2019
Li Auto Inc. is a prominent Chinese manufacturer of smart electric vehicles, specializing in the design, development, production, and sale of premium electric sport utility vehicles (SUVs). Established in 2015 and headquartered in Beijing, the company launched its first model, the Li ONE, in November 2019. This six-seat electric SUV features a range extension system and advanced smart vehicle solutions, catering to consumers seeking longer travel capabilities. In 2023, Li Auto sold over 376,000 new energy vehicles, capturing approximately 4% of China's passenger new energy vehicle market. The company continues to expand its product offerings, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), in order to reach a wider audience and meet diverse consumer needs.

Spark Education

Series C in 2019
Spark Education is a global online education company that focuses on developing critical thinking skills in children through interactive live instruction, animations, and games. Founded in 2018, it has quickly gained traction, attracting over half a million users worldwide. The company’s offerings include various educational platforms such as Spark Math, which combines Singapore Math with Common Core standards, and Spark Chinese for language learning. Additionally, Spark Education encompasses Huohua Siwei, an online Chinese-language learning service, Allschool, an online marketplace that connects teachers and learners, and ClassPod, which facilitates interactive small-group classes. The organization is backed by prominent investors and aims to inspire a passion for learning and foster lifelong growth in its students.

RELX Technology

Series A in 2019
RELX Technology is an independent e-cigarette brand based in Beijing that focuses on developing innovative products for adult smokers. The company operates in over 50 countries and is recognized as the market leader in China, offering a diverse product portfolio that includes four distinct product lines and a smartphone app. RELX Technology emphasizes its commitment to responsible practices, having been acknowledged as a socially-responsible corporation by the Chinese government. The company employs a robust research and development strategy, utilizing advanced technologies such as artificial intelligence and facial recognition to prevent underage access to its products. Additionally, RELX Technology utilizes an integrated offline distribution model paired with branded retail stores to effectively serve the e-vapor market.

Whales English Elite Education

Series A in 2018
Whales English is a Beijing-based online education company that specializes in K–12 English language instruction. The company focuses on enhancing English proficiency among students aged 6 to 15, guiding them from basic comprehension to complete mastery of the language. Whales English employs English-speaking teachers who utilize heuristic teaching methods and authentic North American textbooks to create an immersive learning environment. This approach aims to replicate the classroom experience of North American primary schools while addressing the diverse learning needs of its students. The company’s unique "Three-fixed model" further supports its educational objectives, ensuring a structured and effective learning process.

Whale small class

Series A in 2018
Whale small class is a youth online English education service provider

Spark Education

Series B in 2018
Spark Education is a global online education company that focuses on developing critical thinking skills in children through interactive live instruction, animations, and games. Founded in 2018, it has quickly gained traction, attracting over half a million users worldwide. The company’s offerings include various educational platforms such as Spark Math, which combines Singapore Math with Common Core standards, and Spark Chinese for language learning. Additionally, Spark Education encompasses Huohua Siwei, an online Chinese-language learning service, Allschool, an online marketplace that connects teachers and learners, and ClassPod, which facilitates interactive small-group classes. The organization is backed by prominent investors and aims to inspire a passion for learning and foster lifelong growth in its students.

Wanduoduo

Series B in 2018
Wanduoduo is an online platform that provides high-end toys for rent.

Spark Education

Series B in 2018
Spark Education is a global online education company that focuses on developing critical thinking skills in children through interactive live instruction, animations, and games. Founded in 2018, it has quickly gained traction, attracting over half a million users worldwide. The company’s offerings include various educational platforms such as Spark Math, which combines Singapore Math with Common Core standards, and Spark Chinese for language learning. Additionally, Spark Education encompasses Huohua Siwei, an online Chinese-language learning service, Allschool, an online marketplace that connects teachers and learners, and ClassPod, which facilitates interactive small-group classes. The organization is backed by prominent investors and aims to inspire a passion for learning and foster lifelong growth in its students.

Hetao101

Seed Round in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Seed Round in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Chehaoduo

Series C in 2018
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.

ZaiLouXia

Seed Round in 2017
Beijing Zailouxia Technology Co., Ltd. specializes in the operation of unmanned convenience stores and public refrigerators, focusing on enhancing access to fresh food products. The company provides a self-service shopping experience that allows customers to conveniently purchase snacks, fresh produce, and groceries. By implementing a reliable food supply chain, Zailouxia aims to improve community security and reduce costs associated with delivery and packaging. This innovative approach not only caters to consumer needs but also supports the overall livelihood of the community by making fresh food more accessible.

GetFun

Seed Round in 2017
GetFun is a Beijing-based company founded in 2015 that operates a social media platform designed for individuals born after the 1990s. The platform focuses on generating original and high-quality content, catering specifically to the interests of its target audience. GetFun is dedicated to offering partners cost-effective content solutions, leveraging its skilled teams in content creation, product development, and technology. Through its innovative approach, GetFun aims to enhance user engagement and provide valuable resources for its community.

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.

Whales English Elite Education

Seed Round in 2017
Whales English is a Beijing-based online education company that specializes in K–12 English language instruction. The company focuses on enhancing English proficiency among students aged 6 to 15, guiding them from basic comprehension to complete mastery of the language. Whales English employs English-speaking teachers who utilize heuristic teaching methods and authentic North American textbooks to create an immersive learning environment. This approach aims to replicate the classroom experience of North American primary schools while addressing the diverse learning needs of its students. The company’s unique "Three-fixed model" further supports its educational objectives, ensuring a structured and effective learning process.

Ruff

Series A in 2017
Ruff, a special Internet of Things development platform designed to let devs easily develop code in JavaScript to run on a variety of devices. The aim of the platform is to make it easier to develop for IoT, using development tools that web devs either already know or can pick up easily. Ruff is a JavaScript runtime specialized in IoT development. Ruff makes embedded coding easy and more efficient by providing HAL, asynchronous I/O, event-driven programming. Ruff already has a big community of developers on its platform and has an extensive library of repositories with support for a range of devices, including sensors, cameras, and LEDs that are used frequently in IoT hardware. The platform also simplifies the process by eliminating the need for cross-compiling, and also removing any requirement for kernel development. Ruff's focus is all about making embedded development easy. In order to achieve this, Ruff not only allow developers to build with JavaScript, but also provide a platform Rap Registry for developers to share their drivers, frameworks, and libraries.

FlashEX

Series C in 2017
FlashEx is a provider of instant delivery services specializing in short-distance and intracity deliveries, primarily serving urban residents. With a user base exceeding 100 million and a network of 1 million couriers, the company guarantees delivery within one hour or less. Operating in 225 cities across Asia, FlashEx facilitates an average of approximately 800,000 deliveries daily, allowing users to place online orders and receive their products swiftly.

Qimeng Education

Pre Seed Round in 2016
Beijing Qimeng Education and Technology (aka Baby English) specializes in maximizing early childhood education on the Internet. Baby English is an online education company, which, with a “Mom Community,” offers English classes for the whole family.

Guazi

Series A in 2016
Guazi is an automotive dealer that offers new and used vehicles and accessories.

Chehaoduo

Series A in 2016
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.

PolyV

Private Equity Round in 2016
PolyV, operated by Guangzhou Easefun Information Technology Co. Ltd., is a high-tech company specializing in cloud computing and video technology services. Established in 2012, it offers a comprehensive video cloud platform that includes solutions for on-demand and live broadcasting, as well as video monetization tailored for sectors like online education, enterprises, and media. The platform features a complete set of APIs and SDKs for developers, facilitating seamless integration into various applications. Additionally, PolyV’s patented PlaySafe DRM Ecosystem and multiple Content Delivery Network (CDN) options ensure reliable, secure, and efficient video delivery for its business and enterprise clients. With a team drawn from leading internet firms, PolyV combines industry expertise with innovative technology to meet the diverse needs of its users.

E Yuehui

Angel Round in 2016
E Yuehui is an internet foreign exchange financial vertical service platform.

Fengbao ASO

Angel Round in 2016
Fengbao ASO is a data analysis platform that provide mobile application developers with marketing services.

Shimo Docs

Angel Round in 2014
Shimo is a cloud-based productivity suite that offers an online collaborative office software solution for document management. It integrates chat, documents, spreadsheets, and additional features into a user-friendly interface, facilitating real-time collaboration among users. This platform allows individuals and teams to create and edit documents online, streamlining communication and enhancing productivity in various work environments. By combining essential office tools within a single application, Shimo aims to simplify the process of document management and collaboration.
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