IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Past deals in Networking

EPiCMEMS

Series A in 2022
Kaiyuan Communication Technology (Xiamen) Co., Ltd. is a specialized chip manufacturer based in Haicang District, Xiamen City. The company focuses on providing RF front-end solutions, developing advanced 4G+ and 5G RF filters and chips aimed at enhancing the domestic chip industry. With operational facilities in Zhangjiang, Shanghai, and sales and customer support centers in Shenzhen, Xi'an, and Beijing, Kaiyuan is positioned to serve the mobile device sector and the burgeoning Internet of Things (IoT) market. Its products are designed to deliver high-speed, high-quality connectivity, enabling users to experience faster and more stable connections in their devices.

Yunmai Xinlian

Seed Round in 2022
Yunmai Xinlian creates network interconnection chips for large-scale data centers and cloud computing infrastructure, helping users build high-performance network infrastructure with end-network integration to meet the technical challenges of entering the era of digitalization and intelligence.

Jumeng

Series B in 2022
Jumeng is a Shanghai-based company that develops a logistics service platform focused on shipping and enterprise software. Its technology facilitates the creation of a network connecting businesses with shipping providers, streamlining processes for issuing invoices and obtaining shipping services and insurance. By enhancing the efficiency of logistics operations, Jumeng aims to simplify the shipping process for businesses across various sectors.

WeShine Network

Series B in 2022
WeShine Network is a marketing and service platform based in Nanjing, China, established in 2015. The company specializes in providing integrated marketing solutions, primarily utilizing the WeChat platform to facilitate corporate account management for business users. WeShine Network enables enterprises to attract and acquire customers through various channels, enhancing their marketing precision and broadening their customer base. With over 150,000 businesses served and more than 30,000 paid enterprise users, the company has built a substantial presence globally, supported by a network of over 600 channel partners. Its offices are located in major cities such as Guangzhou, Shenzhen, Beijing, Shanghai, Wuxi, and Wuhan.

Multichain

Seed Round in 2021
Multichain is a developer of a cross-chain router protocol that facilitates real-time cryptocurrency transactions across various blockchain networks. It provides a comprehensive platform that enables users to swap cryptocurrencies seamlessly among multiple exchanges, enhancing interoperability within the blockchain ecosystem. By building robust infrastructure that supports leading exchanges, Multichain positions itself as a key player in the blockchain industry, catering to the growing demand for efficient and versatile trading solutions.

EPiCMEMS

Series A in 2021
Kaiyuan Communication Technology (Xiamen) Co., Ltd. is a specialized chip manufacturer based in Haicang District, Xiamen City. The company focuses on providing RF front-end solutions, developing advanced 4G+ and 5G RF filters and chips aimed at enhancing the domestic chip industry. With operational facilities in Zhangjiang, Shanghai, and sales and customer support centers in Shenzhen, Xi'an, and Beijing, Kaiyuan is positioned to serve the mobile device sector and the burgeoning Internet of Things (IoT) market. Its products are designed to deliver high-speed, high-quality connectivity, enabling users to experience faster and more stable connections in their devices.

Jumeng

Series B in 2020
Jumeng is a Shanghai-based company that develops a logistics service platform focused on shipping and enterprise software. Its technology facilitates the creation of a network connecting businesses with shipping providers, streamlining processes for issuing invoices and obtaining shipping services and insurance. By enhancing the efficiency of logistics operations, Jumeng aims to simplify the shipping process for businesses across various sectors.

XY Tech

Series B in 2020
XY Tech specializes in the manufacturing and distribution of optical communication devices. They focus on producing long-distance photoelectric conversion transmission chips, devices, and modules using photonic integration technology and Silicon Photonics.

Jumeng

Series A in 2019
Jumeng is a Shanghai-based company that develops a logistics service platform focused on shipping and enterprise software. Its technology facilitates the creation of a network connecting businesses with shipping providers, streamlining processes for issuing invoices and obtaining shipping services and insurance. By enhancing the efficiency of logistics operations, Jumeng aims to simplify the shipping process for businesses across various sectors.

Maimai

Series D in 2018
Maimai is a China-based career and social networking platform established in 2013 by Lin Fan. With tens of millions of users, it has become the most widely used professional social networking site in China, surpassing LinkedIn. The platform operates as a real-name workplace social network, allowing professionals to engage through live broadcasts, group chat rooms, and a news feed. Maimai facilitates the exchange of online contacts and job recruitment, promoting collaboration and enhancing work efficiency among its users.

Jumeng

Seed Round in 2018
Jumeng is a Shanghai-based company that develops a logistics service platform focused on shipping and enterprise software. Its technology facilitates the creation of a network connecting businesses with shipping providers, streamlining processes for issuing invoices and obtaining shipping services and insurance. By enhancing the efficiency of logistics operations, Jumeng aims to simplify the shipping process for businesses across various sectors.

EasyLinkin

Series B in 2018
EasyLinkin is a high-tech enterprise based in Wuhan, China, specializing in the research and development of low-power wide area network (LPWAN) technology. Founded by seasoned corporate executives and esteemed professors from prominent universities, the company focuses on constructing, operating, and maintaining LPWAN networks for both urban and industrial applications. EasyLinkin’s solutions are instrumental in the development of smart cities, providing essential infrastructure that enhances connectivity while minimizing operational costs. The company’s product offerings include communication base stations, transceiver nodes, network management systems, and cloud platforms, all characterized by high sensitivity and low power consumption. As a member of the LoRa Alliance and the National IoT Foundation Standards Working Group, EasyLinkin is committed to adhering to international standards and has achieved various quality certifications. With a robust portfolio of patents and software copyrights, EasyLinkin is positioned as a key player in the IoT sector, delivering innovative solutions that contribute to the digital transformation of industries.

Xiaodaka

Series A in 2018
Xiaodaka is a social application that operates a mini program on the WeChat platform, focusing on check-in management and data recording services. The app enables users to join various communities, such as reading, fitness, and foreign language study, where they can "punch-in" by sharing pictures and texts to document their progress. This feature promotes positive reinforcement and encourages users to maintain persistence in their chosen activities. Through its community-oriented approach, Xiaodaka fosters engagement and social interaction among users, enhancing their commitment to personal development and goal achievement.

EasyLinkin

Series B in 2018
EasyLinkin is a high-tech enterprise based in Wuhan, China, specializing in the research and development of low-power wide area network (LPWAN) technology. Founded by seasoned corporate executives and esteemed professors from prominent universities, the company focuses on constructing, operating, and maintaining LPWAN networks for both urban and industrial applications. EasyLinkin’s solutions are instrumental in the development of smart cities, providing essential infrastructure that enhances connectivity while minimizing operational costs. The company’s product offerings include communication base stations, transceiver nodes, network management systems, and cloud platforms, all characterized by high sensitivity and low power consumption. As a member of the LoRa Alliance and the National IoT Foundation Standards Working Group, EasyLinkin is committed to adhering to international standards and has achieved various quality certifications. With a robust portfolio of patents and software copyrights, EasyLinkin is positioned as a key player in the IoT sector, delivering innovative solutions that contribute to the digital transformation of industries.

Maimai

Series C in 2017
Maimai is a China-based career and social networking platform established in 2013 by Lin Fan. With tens of millions of users, it has become the most widely used professional social networking site in China, surpassing LinkedIn. The platform operates as a real-name workplace social network, allowing professionals to engage through live broadcasts, group chat rooms, and a news feed. Maimai facilitates the exchange of online contacts and job recruitment, promoting collaboration and enhancing work efficiency among its users.

Tuge Keji

Series A in 2017
Tuge Technology develops intercommunication technologies including WIFI translator, global pocket WIFI, IoT module, and other mobile applications, providing effective and reliable communication solutions to users.

Wusong Technology

Series B in 2016
Wusong Technology, officially known as Wusong Network Technology (Beijing) Co., Ltd., is a Chinese company founded in 2014 that specializes in developing and operating a social platform specifically designed for legal professionals. The platform aims to empower lawyers by providing access to a comprehensive database of court decisions, as well as connections to other lawyers and judges. With over 150,000 lawyers connected through its services, Wusong also offers various online tools and marketing resources to support legal practitioners in their work.

HunterOn

Series C in 2016
HunterOn is a social headhunter recruitment platform developed and operated by HunterOn Network Technology (Shanghai) Co., Ltd. It specializes in medium and high-end job placements, serving as a bridge between employers and headhunting service providers. The platform has attracted around 1,300 headhunting companies across China, which collectively employ over 10,000 headhunter consultants. These firms utilize HunterOn to efficiently identify and recommend qualified candidates, facilitating the hiring process for approximately 1,000 businesses. Through its expansive network, HunterOn has successfully connected numerous candidates with suitable job opportunities, contributing to the income of participating headhunting companies.

JinGang Culture

Angel Round in 2016
JinGang Culture is a media company that specializes in multi-channel network services (MCN). It focuses on connecting online influencers, bloggers, and celebrities to enhance digital marketing efforts for businesses and enterprises. By leveraging social media and the influence of its network, JinGang Culture offers professional marketing solutions that help clients effectively engage with their target audiences. Through its strategic approach, the company aims to maximize the impact of digital content and drive brand visibility in an increasingly competitive marketplace.

Wholi

Seed Round in 2016
Wholi is a London-based company that has developed a recommendation platform aimed at enhancing the utility of personal contact networks within the startup community. By leveraging advanced technologies such as web-scale data gathering, natural language processing, machine learning, and graph networks, Wholi addresses the challenges of online people search. The platform allows users to articulate their needs and select specific contacts to view their requests, enabling those contacts to provide tailored recommendations. This innovative approach facilitates more effective networking, helping individuals maximize the value of their professional relationships.

Tuge Keji

Series A in 2015
Tuge Technology develops intercommunication technologies including WIFI translator, global pocket WIFI, IoT module, and other mobile applications, providing effective and reliable communication solutions to users.

Cassia Networks

Series A in 2015
Founded in 2014 by Felix Zhao, Cassia Networks is a wireless telecommunications company specializing in Bluetooth technology for local area networks. The company offers products such as the Cassia Hub Bluetooth router, smart plug, multi-color LED, personal safety sensor, and speaker. Notably, the Cassia Hub won Best of CES in 2016 for enabling long-distance remote control of up to 22 Bluetooth devices.

Wusong Technology

Series A in 2015
Wusong Technology, officially known as Wusong Network Technology (Beijing) Co., Ltd., is a Chinese company founded in 2014 that specializes in developing and operating a social platform specifically designed for legal professionals. The platform aims to empower lawyers by providing access to a comprehensive database of court decisions, as well as connections to other lawyers and judges. With over 150,000 lawyers connected through its services, Wusong also offers various online tools and marketing resources to support legal practitioners in their work.

Linglong Salon

Angel Round in 2015
Linglong Salon is a company focused on creating a platform tailored for urban women. It offers a hobby forum and a mobile community where women can share information and life insights. This platform facilitates enhanced socialization among its users, enabling them to connect and engage with one another while accessing integrated resources relevant to their interests.

Echo app

Series B in 2015
Echo app is a near social app to see who is around and how your are connected to them via social integrations.

Cassia Networks

Angel Round in 2015
Founded in 2014 by Felix Zhao, Cassia Networks is a wireless telecommunications company specializing in Bluetooth technology for local area networks. The company offers products such as the Cassia Hub Bluetooth router, smart plug, multi-color LED, personal safety sensor, and speaker. Notably, the Cassia Hub won Best of CES in 2016 for enabling long-distance remote control of up to 22 Bluetooth devices.

HunterOn

Series B in 2014
HunterOn is a social headhunter recruitment platform developed and operated by HunterOn Network Technology (Shanghai) Co., Ltd. It specializes in medium and high-end job placements, serving as a bridge between employers and headhunting service providers. The platform has attracted around 1,300 headhunting companies across China, which collectively employ over 10,000 headhunter consultants. These firms utilize HunterOn to efficiently identify and recommend qualified candidates, facilitating the hiring process for approximately 1,000 businesses. Through its expansive network, HunterOn has successfully connected numerous candidates with suitable job opportunities, contributing to the income of participating headhunting companies.

Maimai

Series B in 2014
Maimai is a China-based career and social networking platform established in 2013 by Lin Fan. With tens of millions of users, it has become the most widely used professional social networking site in China, surpassing LinkedIn. The platform operates as a real-name workplace social network, allowing professionals to engage through live broadcasts, group chat rooms, and a news feed. Maimai facilitates the exchange of online contacts and job recruitment, promoting collaboration and enhancing work efficiency among its users.

ZCOOL

Series A in 2014
ZCOOL is a Beijing-based online community platform founded in August 2006 that enables designers to share and showcase their work. The platform caters to over four million users, with approximately 20,000 new design submissions daily, fostering a vibrant creative environment. ZCOOL facilitates potential commercial opportunities for its members by partnering with image firm Shutterstock to enhance its image database services. The company aims to expand its community, enhance content offerings, and provide additional services, such as training courses and job matching, to further support its members in their professional development.

UnitedStack

Series B in 2014
UnitedStack is an engineering-driven provider of open source cloud computing services, specializing in managed private cloud solutions based on OpenStack. Founded by veterans from the Internet and open source community, the company aims to transform traditional IT infrastructure by promoting equal access to technology, similar to the Internet. UnitedStack focuses on automating and intelligentizing manual operations, simplifying complex IT products to make them as user-friendly as consumer goods. Their commitment to open source principles underpins their mission to enhance the management of data center server clusters, thereby revolutionizing the IT industry through innovative technology and products.

DewMobile

Series B in 2014
DewMobile Inc. is an internet corporation based in Beijing, China, that specializes in the development of applications for various platforms, including Windows, Android, iOS, and Windows Phone. Founded in 2012, the company is best known for its flagship product, Zapya, a cross-platform sharing app that facilitates wireless file transfers between devices without the need for cables. By focusing on user-friendly solutions, DewMobile aims to enhance connectivity and streamline the sharing process in a rapidly evolving digital landscape.

HunterOn

Series A in 2014
HunterOn is a social headhunter recruitment platform developed and operated by HunterOn Network Technology (Shanghai) Co., Ltd. It specializes in medium and high-end job placements, serving as a bridge between employers and headhunting service providers. The platform has attracted around 1,300 headhunting companies across China, which collectively employ over 10,000 headhunter consultants. These firms utilize HunterOn to efficiently identify and recommend qualified candidates, facilitating the hiring process for approximately 1,000 businesses. Through its expansive network, HunterOn has successfully connected numerous candidates with suitable job opportunities, contributing to the income of participating headhunting companies.

Sxbbm

Series A in 2013
Sxbbm is a Chinese social networking service tailored for college students, originally established at Tsinghua University in Beijing. The platform fosters connections among users by promoting a sense of eastern cultural identity on campuses across China. It encourages interactions between female users, who take on the role of “Shimei” (younger sisters), and male users, referred to as “Shixiong” (big brothers). Shimei can seek assistance on various topics, including technical issues, package delivery, and tutoring, while Shixiong members provide help in response. In appreciation, Shimei may express gratitude by sending gifts or treating Shixiong to dinner. Currently, Sxbbm boasts a user base of approximately 1.2 million, signifying its widespread acceptance among students in universities nationwide.

TechNode

Seed Round in 2013
TechNode Inc. is a tech media company headquartered in China, founded in 2009. It focuses on delivering news and insights related to startups, investors, large corporations, and industry trends across China and Asia. The company produces content in both English and Chinese, making it accessible to a diverse audience. TechNode is recognized for its coverage of emerging technologies, including social media, mobile commerce, big data, and augmented reality. Additionally, TechNode organizes events such as TechNode Touch, a monthly meetup for startups, and the ChinaBang Awards, which celebrate outstanding Chinese startups. As the official partner of TechCrunch in China, TechNode manages TechCrunch.cn and oversees TechCrunch conferences in the region, positioning itself as a vital resource for connecting entrepreneurs, investors, and consumers within the tech ecosystem.

Youtuo

Venture Round in 2013
Youtuo is a Chinese online directory that enables users worldwide to discover friends, colleagues, cooperative partners, and business opportunities. Developed by Ztelic, Youtuo focuses on identifying important trends and opportunities related to social connections, generating daily friendship reports through advanced internet technology. It boasts the largest Chinese online directory, offering over 20 filtering conditions and various search methods to help users find specific individuals effectively. The platform provides search results that include essential personal information and social dynamics, enhancing users' ability to identify their desired connections.

UnitedStack

Angel Round in 2013
UnitedStack is an engineering-driven provider of open source cloud computing services, specializing in managed private cloud solutions based on OpenStack. Founded by veterans from the Internet and open source community, the company aims to transform traditional IT infrastructure by promoting equal access to technology, similar to the Internet. UnitedStack focuses on automating and intelligentizing manual operations, simplifying complex IT products to make them as user-friendly as consumer goods. Their commitment to open source principles underpins their mission to enhance the management of data center server clusters, thereby revolutionizing the IT industry through innovative technology and products.

Sxbbm

Angel Round in 2012
Sxbbm is a Chinese social networking service tailored for college students, originally established at Tsinghua University in Beijing. The platform fosters connections among users by promoting a sense of eastern cultural identity on campuses across China. It encourages interactions between female users, who take on the role of “Shimei” (younger sisters), and male users, referred to as “Shixiong” (big brothers). Shimei can seek assistance on various topics, including technical issues, package delivery, and tutoring, while Shixiong members provide help in response. In appreciation, Shimei may express gratitude by sending gifts or treating Shixiong to dinner. Currently, Sxbbm boasts a user base of approximately 1.2 million, signifying its widespread acceptance among students in universities nationwide.

Large Business District Networking

Venture Round in 2011
Large Business District Networking Technology Co., Ltd. is a large-scale commercial network technology company jointly invested in and established by companies such as IDG of America, OZMASTER FUND, and CDH. The company provides business information covering 64 fields, and 600 industries for every industry and enterprise. The Large Business network is also one of the largest manufacturing and issuing platforms of enterprise electronic journals in China, including tens of thousands of electronic journals in 30 industries.

G-bits

Series B in 2011
Xiamen Gigabit Network Technology Co., Ltd. is a professional network game creative planning, research and development production and commercial operation of state-level key software enterprises. In July 2011, the company set up Thunder game operating platform.

EPiCMEMS

Series A in 2011
Kaiyuan Communication Technology (Xiamen) Co., Ltd. is a specialized chip manufacturer based in Haicang District, Xiamen City. The company focuses on providing RF front-end solutions, developing advanced 4G+ and 5G RF filters and chips aimed at enhancing the domestic chip industry. With operational facilities in Zhangjiang, Shanghai, and sales and customer support centers in Shenzhen, Xi'an, and Beijing, Kaiyuan is positioned to serve the mobile device sector and the burgeoning Internet of Things (IoT) market. Its products are designed to deliver high-speed, high-quality connectivity, enabling users to experience faster and more stable connections in their devices.

AsiaTelco Technologies

Series A in 2010
Asiatelco Technologies Co. is a manufacturer based in Shanghai, China, specializing in wireless access devices and equipment for mobile network operators and broadband service providers. Founded in 2003, the company is recognized as a State-level Hi-Tech Enterprise in China and has established itself as a leading provider of innovative wireless communication products. Asiatelco offers a diverse range of products, including M2M devices, wireless routers, gateways, mobile hotspots, and remote management systems. The company serves a global clientele, having sold products to over 30 countries and regions, including the USA, Brazil, India, and several others. With a focus on research and development, Asiatelco continuously enhances its product and service quality to ensure customer satisfaction and has formed long-term strategic partnerships with various carriers both domestically and internationally.

Quintic

Series B in 2008
Quintic (Beijing) Microelectronics Co., Ltd. is a Chinese chip design company focused on providing consumers with low power consumption and cost-effective wireless access solutions. Quintic was established on September 29, 2006. Its core design and architecture engineers come from leading global companies with technical expertise covering WLAN, Bluetooth, WiMax, mobile TV, ultra wideband, and other communications standards. Since early 2007, Quintic started the development of the FM production line, and incorporated high-performance FM transmitter chips in the field of personal wireless audio connectivity applications.

Hintsoft

Series B in 2007
Hintsoft, also known as Shanghai Haoyi Software Technology Co., Ltd., is a professional internet cafe technology service provider focused on the management, R&D, and promotion of café maintaining systems. Hintsoft’s major product, “the Pubwin Series Internet Cafe Management Software,” has become a popular internet cafe system, accounting for more than 50% of the market share in China's internet cafe industry. In October 2008, it launched the network maintenance product, Xun Shan, which won the support of 30,000 internet bars within three months, and was selected as the most popular updated game software in internet bars in 2008 by the Annual Internet Bar Industry Report by World Network Associates. Hintsoft was founded in November 1998 as Shanghai New Haoyi Software.

Large Business District Networking

Venture Round in 2007
Large Business District Networking Technology Co., Ltd. is a large-scale commercial network technology company jointly invested in and established by companies such as IDG of America, OZMASTER FUND, and CDH. The company provides business information covering 64 fields, and 600 industries for every industry and enterprise. The Large Business network is also one of the largest manufacturing and issuing platforms of enterprise electronic journals in China, including tens of thousands of electronic journals in 30 industries.

G-bits

Series A in 2007
Xiamen Gigabit Network Technology Co., Ltd. is a professional network game creative planning, research and development production and commercial operation of state-level key software enterprises. In July 2011, the company set up Thunder game operating platform.

Cyzone

Angel Round in 2007
Cyzone is a media platform dedicated to supporting Chinese entrepreneurs and the growth of medium- and small-sized enterprises in China. As the exclusive Chinese partner of Entrepreneur Magazine, Cyzone offers valuable resources and activities that facilitate networking and partnership-building among entrepreneurs. The platform provides a comprehensive suite of services, including media information, digital exhibitions, data research, innovation consulting, education and training, and capital docking, aimed at enhancing economic innovation. By connecting high-growth enterprises, financial institutions, large industrial companies, and government parks, Cyzone enables its users to access timely and in-depth information, ultimately helping them integrate into the global business environment and expand their operations internationally.

VNET

Series B in 2007
Founded in 1999 as AsiaCloud, VNET is a leading provider of data center services based in Beijing, China. Initially focusing on retail clients, it expanded to serve hyperscale customers like Alibaba Cloud and Tencent Cloud from 2019 onwards. As of June 2025, VNET operates over 51,000 retail cabinets and has a wholesale capacity of 674 MW.

China Communications Services

Private Equity Round in 2006
China Communications Services Corporation Limited is a prominent provider of telecommunications support services globally. The company specializes in telecommunications infrastructure, offering services such as network consultation, planning, design, engineering, construction, and supervision for fixed-line, mobile, and broadband networks. It also provides business process outsourcing, including network maintenance for various telecommunications equipment and facilities management for data centers and commercial buildings. In addition, the company delivers integrated solutions for informatization and smart industry applications, along with logistics, procurement, and supply chain services. It serves a diverse clientele, including telecommunications operators, government agencies, and enterprises across multiple sectors such as construction, transportation, and finance. Established in 2006 and headquartered in Beijing, China Communications Services is a subsidiary of China Telecommunications Corporation and is recognized as the first productive service enterprise in the communication industry to go public abroad.

Wiscomm Microsystems

Series A in 2006
Wiscomm Microsystems Ltd. is a company based in Shanghai, China, specializing in the design of advanced wireless technology components. With a focus on innovation and cutting-edge solutions, the company aims to meet the growing demands of the wireless communication industry. Through its expertise in technology design, Wiscomm Microsystems contributes to the development of efficient and reliable wireless systems that support various applications across multiple sectors.

BitComet

Series A in 2006
BitComet is a free multi-threaded, multi-protocol download manager and BitTorrent peer-to-peer file-sharing application, primarily designed for Microsoft Windows. The application supports various file transfer protocols, including BitTorrent, HTTP, and FTP, allowing users to download files efficiently. BitComet incorporates advanced technologies that enable users to prioritize the initial and final portions of media files, facilitating previews before the complete download is finished. Additionally, its 'preview download mode' downloads torrent pieces sequentially, enabling users to play media files during the downloading process. By leveraging these features, BitComet provides a powerful and user-friendly tool for sharing and downloading files over the internet.

Busap

Series B in 2006
Busap is a Chinese high tech group engaged in three business segments: new media, mobile communications, and mobile internet. Established in Nanchang, Jiangxi Province, China in 2003, Busap now has three business headquarters, in Beijing, Shanghai, and Nanchang, as well as 22 subsidiaries. Its new media group has built the largest bus Wi-Fi system and bus TV network across China by installing TV broadcasting systems on buses throughout the country. It established this through a joint investment with CCTV and the cooperation of bus operators in 22 major Chinese cities, providing media services to over 100 million bus riders daily.

MobilePeak

Seed Round in 2005
MobilePeak focuses on the low-cost and full-featured baseband and RF chip solutions that fit the standard of 3GPPWCDMA(3G) HSPA(3.5G)/HSPA+. It also provides diversified data mobile communication solutions for data cards, modules, and a variety of data applications. Its team has developed baseband chipsets with support for 3GPP Standard through Release 7, including HSPA+ technology up to Category 14 with 21-Mbps maximum downlink speeds and 11-Mbps maximum uplink speeds. MobilePeak was founded in 2005. It has research and development centers in Shanghai and San Diego.

Hintsoft

Series A in 2005
Hintsoft, also known as Shanghai Haoyi Software Technology Co., Ltd., is a professional internet cafe technology service provider focused on the management, R&D, and promotion of café maintaining systems. Hintsoft’s major product, “the Pubwin Series Internet Cafe Management Software,” has become a popular internet cafe system, accounting for more than 50% of the market share in China's internet cafe industry. In October 2008, it launched the network maintenance product, Xun Shan, which won the support of 30,000 internet bars within three months, and was selected as the most popular updated game software in internet bars in 2008 by the Annual Internet Bar Industry Report by World Network Associates. Hintsoft was founded in November 1998 as Shanghai New Haoyi Software.

HiChina Group

Series B in 2005
HiChina Group is a comprehensive provider of web-based services, founded in 1996 and operating as a subsidiary of Alibaba. The company specializes in web hosting, domain registration, enterprise email solutions, website development, and IT support and consulting. HiChina manages over three million web domains in both English and Chinese, catering to a diverse clientele that includes half a million businesses. The company is accredited by prominent organizations such as ICANN and CNNIC, ensuring adherence to international standards in domain registration and management. Through its extensive services, HiChina supports businesses in establishing and maintaining their online presence effectively.

Aircom

Series B in 2005
Beijing Aircom Technology Co., Ltd. is a high-tech enterprise that is focused on the development, operation, and provision of technical services for communication system products. Aircom was founded in April 2002 and got registered and certified in Haidian District, Beijing City.

Sunsea

Series A in 2003
Shenzhen Sunsea Communication Technology Co., Ltd. is a high-tech enterprise that focuses on the research, development, production, and sales of ICT infrastructure equipment. Founded in 1994, the company provides a range of services, including design, engineering, and maintenance for the ICT industry. Sunsea specializes in connectivity solutions, site solutions, data center solutions, and professional services, serving domestic and international operators, ICT equipment manufacturers, and network integrators. Additionally, under the name Sunsea AIoT Technology Co., Ltd., the company offers end-to-end Internet of Things (IoT) products and services, catering to telecom operators, system integrators, and enterprise customers. Sunsea's product portfolio includes IoT terminals, cloud platforms, and multi-industry solutions, supported by research and development centers in key Chinese cities and sales outlets across several countries, including Sweden, Italy, and Thailand.

Aircom

Series A in 2002
Beijing Aircom Technology Co., Ltd. is a high-tech enterprise that is focused on the development, operation, and provision of technical services for communication system products. Aircom was founded in April 2002 and got registered and certified in Haidian District, Beijing City.

VNET

Series A in 2002
Founded in 1999 as AsiaCloud, VNET is a leading provider of data center services based in Beijing, China. Initially focusing on retail clients, it expanded to serve hyperscale customers like Alibaba Cloud and Tencent Cloud from 2019 onwards. As of June 2025, VNET operates over 51,000 retail cabinets and has a wholesale capacity of 674 MW.

QQTechnology

Venture Round in 2001
Changxun Technology is a provider of intelligent IP network optimization, in-depth network security, and high speed integrated circuit design resolution solutions. The company synchronizes with a new generation of application development in network communications and regards personalized service as its core and business support as its orientation. Changxun Technology has over 100 employees, with 70% of them engaged in research and development work in underlying technologies. The company is focused on the feature recognition algorithm of the internet application protocol; fingerprint-search matching algorithm of internet applications, application structure SOC design of programmable integrated circuits; and system structure design and performance optimization. These are all based on high-speed all-connect interactive system design and performance optimization, programmable high-speed application interface customization and API design, and DPI technology application area. Established in 2001, Changxun Technology is headquartered in Beijing. There are more than 100 employees in this company now, and over 70% of them engage in research and development work of underlying technology.

HiChina Group

Venture Round in 1999
HiChina Group is a comprehensive provider of web-based services, founded in 1996 and operating as a subsidiary of Alibaba. The company specializes in web hosting, domain registration, enterprise email solutions, website development, and IT support and consulting. HiChina manages over three million web domains in both English and Chinese, catering to a diverse clientele that includes half a million businesses. The company is accredited by prominent organizations such as ICANN and CNNIC, ensuring adherence to international standards in domain registration and management. Through its extensive services, HiChina supports businesses in establishing and maintaining their online presence effectively.

kingsky

Series A in 1999
Shenzhen Jingtian Communication Co., Ltd. is a joint-stock, high-tech company developing data broadcasting products for education, cable television, financial securities, weather, communication, media, satellite operating companies, paging, enterprises, and many other fields. Jingtian has garnered funds from Shenzhen Jingtian Technology Industry Co. Ltd, Shenzhen Tiandixiang Investment & Development Co. Ltd, Beijing Satellite Telecom Institution, 21th Century Technology Investment Co. Ltd, Shenzhen Huankang Poineer Investment Incorporated Company, Shenzhen & Hong Kong Industry & Study & Research Poineer Investment Co. Ltd, Shenzhen Chuangxin Technology Investment Co. Ltd, Guangdong Tongyong Digit Investment & Advisement Co. Ltd, and Tan Yan.

Guanri

Series A in 1999
Guanri Communication Technology Co., Ltd. is specialized in the research, manufacture, and sale of communication, network optimization, and tax-controlled products and software. Guanri’s main projects are: intelligent network public telephone system; public telephone billing management system; wireless public phone; embedded multi-media tax-controlled tills, body information terminal; service management system; mobile letter repeater station; and network optimization products such as base station power amplifiers. Guanri is a core enterprise of the State Torch Program Software Industry Base, the State Torch Program Key high-tech enterprises and key software enterprises in national plan and layout in Shenzhen.
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