JD Capital

JD Capital Co., Ltd. is a prominent investment firm based in Beijing, China, with additional offices in Shanghai and Shenzhen. Established in 2007, the firm specializes in venture capital and private equity, focusing on various stages of investment, including incubation, early and late-stage financing, and buyouts. Its investment portfolio spans multiple sectors, with particular emphasis on technology, media, telecommunications, consumption, healthcare, environmental protection, and advanced manufacturing. JD Capital actively seeks opportunities in both first-tier and second- and third-tier cities in China, particularly in regions such as Heilongjiang, Jilin, and Liaoning. The firm generally holds stakes ranging from 10% to 30% in its portfolio companies, positioning itself as a significant non-controlling shareholder. Recognized for its excellence in the industry, JD Capital has been ranked among the top private equity firms in China and has received accolades for its performance in the sector.

Will Davis

Principal

61 past transactions

Senhe Campus

Angel Round in 2025
Senhe Campus serves as an entrepreneurship platform centered on the principle of "green symbiosis."

Yinduowang.com

Series C in 2019
YinDuoWang operates as an internet financial platform focused on delivering transparent and accessible financial information services. It aims to provide investors with safe and reliable wealth management products. Affiliated with Heilongjiang Yinduo Capital Financial Information Service Co., Ltd., the platform offers a range of services, including smart investment plans, asset transfer options, and deposit and savings plans. These services are designed to assist consumers in achieving their financial investment and savings goals while minimizing risk.

SilkChain

Angel Round in 2018
SilkChain is the most international professional blockchain rating agencies.

Ankr

Venture Round in 2018
Ankr Network is a Web3-native infrastructure platform based in San Francisco, California, specializing in distributed cloud computing and blockchain technology. Founded in 2017, the company provides a decentralized computing framework that enhances the efficiency of international public ledgers. Ankr's platform offers a user-friendly interface for businesses, enabling them to facilitate cross-border micropayments and participate in the sharing economy of distributed cloud computing. Through its innovative solutions, Ankr aims to improve the accessibility and functionality of cloud infrastructure for various applications.

Ankr

Venture Round in 2018
Ankr Network is a Web3-native infrastructure platform based in San Francisco, California, specializing in distributed cloud computing and blockchain technology. Founded in 2017, the company provides a decentralized computing framework that enhances the efficiency of international public ledgers. Ankr's platform offers a user-friendly interface for businesses, enabling them to facilitate cross-border micropayments and participate in the sharing economy of distributed cloud computing. Through its innovative solutions, Ankr aims to improve the accessibility and functionality of cloud infrastructure for various applications.

SLabs

Seed Round in 2018
Blockchain-based financial solution provider based in China.

Htrip

Seed Round in 2018
Htrip is a tourism company based in Guangzhou, China, that focuses on data analysis for hotels. Founded in 2016, it enhances hotel services and profitability by tracking user habits. Htrip specializes in developing an Internet communication platform for hotels, which includes upgrading interactive television, Wi-Fi, and Internet of Things (IoT) hardware in guest rooms. The company achieves this through self-investment in technology or partnerships with hotels, integrating its solutions with existing property management systems.

Huoxun

Angel Round in 2018
Huoxun is an integrated media service platform in the blockchain industry. It is a tool for instant messaging social platform by the Huobi crypto exchange.

Zhongjihao

Post in 2017
Zhongjihao provides a range of products, such as round tea, brick tea, black tea, tuo tea, gift tea, tea bags, and more. They produce and distribute their tea products.

Mucang Technology

Series A in 2017
Mucang Technology specializes in the automotive consumption sector through mobile applications. The company has transitioned from the driving test market to the automobile aftermarket, utilizing driving test materials to develop various applications. These include tools for violation inquiries and platforms for buying and selling cars, such as Jiakao Baodian and Cheyou Toutian. Mucang Technology aims to provide users with essential information regarding driving tests, car purchases, and general automotive services, enhancing the overall experience for consumers in the automotive market.

Shuangying Group

Post in 2017
Shuangying Group, founded in 2002 and based in Chongqing, China, specializes in the manufacturing of automotive seating systems and interior components. The company offers various services, including processing with supplied materials, manufacturing and sales of auto parts, and surface treatment. By focusing on high-quality production, Shuangying Group aims to meet the needs of its clients and ensure satisfaction for customers, employees, shareholders, and business partners.

PIZHOU DONGDA HOSPITAL

Series B in 2017
Pizhou Dongda Hospital is a general hospital that provides medical treatment, scientific research, prevention, health care, first aid, and rehabilitation. They have an angiography machine, gastrointestinal machine, DR, electronic gastroscope, colonoscope, laparoscope, hysteroscope, four-dimensional color Doppler ultrasound, a lung function instrument, an automatic biochemical analyzer, and a dialysis machine.

Zmeng Network Technology (ZMT)

Series B in 2017
ZMT is a Beijing-based precision marketing services provider. ZMT offers mobile precision marketing solutions, covering a number of fields including life services, automobile, real estate, education, healthcare, finance, and tourism.

ChoiPharm

Angel Round in 2017
ChoiPharm is a drug research and development technology reporting company. They offer generic drug new product development, generic drug consistency evaluation, API and intermediate process development, production and management, raw material drug DMF filing, and other technologies, as well as registration consulting and services.

CHOITEC

Angel Round in 2017
CHOITEC engages in research, development, production, and sales of sterile drugs and green health products. Their production includes pharmaceuticals, medical devices, cosmetics, and more.

Shanghai Monolith Technology Co.,Ltd

Angel Round in 2017
Shanghai Monolith Technology Co.,Ltd provides intelligent manufacturing system solutions to logistics and manufacturing sectors.

Dongle Bao

Series A in 2016
Dongle Bao is an insurance trading platform based on user behavior in China.

Modern Metal

Acquisition in 2016
Modern Metal & Refining Ltd (MMR), expertise in aluminum high pressure die-casting manufacturing, was established in Hong Kong in 1969. They are the largest and fastest growing OEM manufacturer in the region. Management today, based in Hong Kong , stimulates business expansion by operating three major manufacturing plants in Dongguan & Wuzhou, China. With over 242,000 sq m floor space, the company employs more than 4600 workers while over 270 of them are qualified engineers focusing on new projects & manufacturing development.

UNITOP

Angel Round in 2016
UNITOP specializes in the logistics and supply chain management industry.

Zmeng Network Technology (ZMT)

Series A in 2016
ZMT is a Beijing-based precision marketing services provider. ZMT offers mobile precision marketing solutions, covering a number of fields including life services, automobile, real estate, education, healthcare, finance, and tourism.

Tidebuy

Series A in 2015
Tidebuy is a global e-commerce platform specializing in fast fashion and cross-border retail. The company offers a diverse range of products, including fashionable clothing, shoes, lingerie, household items, wedding dresses, electronics, and cosmetics. Tidebuy aims to provide an efficient online shopping experience, complemented by a dedicated customer care team to assist its clientele. The platform focuses on delivering affordable fashion options for young men and women, catering to the growing demand for stylish and accessible apparel.

Guojin Huangjin

Series A in 2015
Guojin Huangjin produces gold jewelry products.

Pz116.com

Funding Round in 2015
Pz116.com is an internet stock trading platform company.

PIZHOU DONGDA HOSPITAL

Series A in 2015
Pizhou Dongda Hospital is a general hospital that provides medical treatment, scientific research, prevention, health care, first aid, and rehabilitation. They have an angiography machine, gastrointestinal machine, DR, electronic gastroscope, colonoscope, laparoscope, hysteroscope, four-dimensional color Doppler ultrasound, a lung function instrument, an automatic biochemical analyzer, and a dialysis machine.

MAOGEPING

Funding Round in 2015
MAOGERPING is engaged in offering makeup and skin care products. Their products include concealer, foundation, blush, plaster repair, eye plates, mascara, lipstick makeup, lip gloss, lotion, cleansing, conditioning, eyebrow makeup, and other types of beauty tools.

Hisign Technology

Series D in 2015
Beijing Hisign Technology Co., Ltd., established in 1998, is a leading enterprise in China's multi-biometrics industry. The company is recognized for its advanced technologies in face recognition, fingerprint identification, palm print matching, handwriting recognition, and vehicle license plate recognition. Hisign is ISO 9001, ISO/IEC 20000-1, and ISO/IEC 27001 certified, reflecting its commitment to quality and security. Its diverse product offerings span multiple sectors, including public security for criminal investigations, forensics, and border control, as well as civil applications in finance, social security, education, transportation, and event management. Hisign's solutions integrate big data analysis for financial risk prevention and control, making it a comprehensive provider of biometric identification technologies in China.

Inhand

Venture Round in 2015
Beijing InHand Networks Technology Co., Ltd. specializes in the development and application of industrial Internet of Things (IoT) solutions. Founded in 2001 and based in Beijing, the company offers a range of products including IoT edge computing gateways, industrial LTE routers, industrial modems, and Ethernet switches. InHand Networks provides integrated IoT solutions for various sectors, such as smart grids, smart manufacturing, transportation, healthcare, retail, and environmental monitoring. Its offerings include IoT management platforms and secure remote connection cloud services, addressing the needs of M2M applications in power distribution, industrial automation, and more. Through its innovative technology, InHand Networks aims to enhance connectivity and operational efficiency across diverse industries.

Hong Kong Life Insurance

Acquisition in 2015
Hong Kong Life Insurance Limited, established in 2001, is an insurance provider based in Central, Hong Kong. The company offers a range of personal insurance products, including traditional savings plans, universal life, term life, retirement, medical, dread disease, and accidental and disability coverage. Additionally, it provides group insurance solutions, such as life protection, accidental death, dismemberment benefits, and hospital and surgical benefits. Founded by five local financial institutions with a combined history of over 50 years in the industry, Hong Kong Life aims to deliver strong financial support and service to its customers, positioning itself as a reliable insurance partner in the region.

Chezhibao

Series B in 2015
Chezhibao, founded in 2012 and operating under Jiangsu Car Home Bao Information Technology Co., Ltd., is a leading online platform for second-hand car transactions in China. It streamlines the car-trading experience by offering an advanced e-commerce network that facilitates vehicle auctions. The platform provides a comprehensive ecosystem that includes services such as secure payment, logistics, and distribution, enabling buyers and sellers to engage in seamless transactions. Chezhibao caters to a wide range of customers, including automobile manufacturers, dealers, second-hand car operators, and individual car owners, ensuring a convenient and efficient process for all parties involved.

Gaosi Education Group

Series B in 2015
Gaosi Education Group is a Chinese educational institution specializing in extracurricular tutoring for middle and primary school students. Founded in December 2009, it is headquartered in Beijing's Haidian District. The group focuses on gifted education, offering tailored courses for students from primary through junior high school. It features personalized one-on-one teaching centers and emphasizes mathematics competitions as a key component of its curriculum. With nearly 10,000 students enrolled, Gaosi Education Group employs around 100 full-time teachers and staff dedicated to teaching and research.

Beijing Guoxinhuijin

Angel Round in 2015
Beijing Guoxinhuijin is a network media firm that operates across several platforms. They realise multi-screen interaction, focus on macroeconomics, securities, automobiles, technology, and other fields, and provide users with timely, professional, and comprehensive massive financial information, stock market quotes, and other comprehensive services, making them the first choice for investors to obtain financial information.

Shuangying Group

Series A in 2015
Shuangying Group, founded in 2002 and based in Chongqing, China, specializes in the manufacturing of automotive seating systems and interior components. The company offers various services, including processing with supplied materials, manufacturing and sales of auto parts, and surface treatment. By focusing on high-quality production, Shuangying Group aims to meet the needs of its clients and ensure satisfaction for customers, employees, shareholders, and business partners.

Hengda Gufen

Post in 2015
Hengda Gufen is a shoe and apparel manufacturing and seller company.

NETNIC

Angel Round in 2015
NETNIC offers data fusion computing services in the community. It is dedicated to providing data services, cloud computing, computing power for artificial intelligence, and supercomputing fusion services. It is dedicated to establishing the first computing power trading platform in the area and putting into practice the country's counting-from-east-to-west strategy. For the financial, governmental, pan-mutual, and other industries, Qishang Online primarily offers reliable digital computing integration services.

Panshi

Series B in 2015
Panshi Information Technology Corp. Ltd. is an Internet advertising service provider based in Hangzhou, China, established in 2004 by Tian Ning and his team. The company specializes in offering a range of solutions tailored to both small and medium-sized enterprises (SMEs) and large enterprises. For SMEs, Panshi provides services such as search engine optimization, network alliance promotions, cloud-based marketing portals, and business email solutions. For larger organizations, it offers promotional ideas, Internet public relations, media buying, market research, and monitoring reports. Panshi is committed to advancing the digitization of the global economy through innovative Internet big data technologies and has established a large-scale data center to integrate and utilize big data effectively.

ZHONGHE PHARMACEUTICAL

Funding Round in 2015
ZHONGHE PHARMACEUTICAL is a manufacturer of pharmaceutical products. They offer research and industrialization of chemically synthesised peptides and nucleosides. Their products include thymopentin for injection, thymopentin injection, heyi-eptifibatide injection, thymopentin injection, thymus fasin for injection, somatostatin for injection, and heqi-octreotide acetate injection.

Xianfeng Fruit

Angel Round in 2015
Xianfeng Fruit is a fruit retail brand in China that operates a vertically integrated grocery chain specializing in fresh produce. The company directly partners with producers to ensure high-quality products and maintains several refrigerated distribution centers to facilitate the delivery of fresh fruits to consumers. Through this approach, Xianfeng Fruit emphasizes freshness and quality in its offerings, catering to the growing demand for healthy food options in the market.

ZONGHENG

Series B in 2015
ZONGHENG is an O2O brand of domestic film and game linkage and mobile games. They create a type of pan-entertainment and pan-sports complex with IP, entertainment partners, entertainment content production, dissemination, and consumption.

Zilin

Series A in 2015
Zilin Vinegar Industry is a brewing industry with microbial fermentation as its core technology, and an enterprise in agricultural industrialization vinegar brewing industry. Their product includes vinegar, fruit vinegar, vinegar drink, cooking wine, soy sauce, soybean paste, sesame oil, tahini, health vinegar, and gift vinegar.

miduo.com

Series A in 2015
miduo.com is an online financial service platform.

HQBIOTEC

Series B in 2014
HQBIOTEC is a development of the in vitro diagnostic industry. They provide products for producing gynaecology and medical laboratory diagnostic products. An online inquiry form is available on the company's website.

ZONGHENG

Series A in 2014
ZONGHENG is an O2O brand of domestic film and game linkage and mobile games. They create a type of pan-entertainment and pan-sports complex with IP, entertainment partners, entertainment content production, dissemination, and consumption.

PIZHOU DONGDA HOSPITAL

Angel Round in 2014
Pizhou Dongda Hospital is a general hospital that provides medical treatment, scientific research, prevention, health care, first aid, and rehabilitation. They have an angiography machine, gastrointestinal machine, DR, electronic gastroscope, colonoscope, laparoscope, hysteroscope, four-dimensional color Doppler ultrasound, a lung function instrument, an automatic biochemical analyzer, and a dialysis machine.

Cheeris

Series A in 2014
Cheeris is a manufacturer of skincare products. Their products and services include skincare and makeup, health care, parent-child relationship, family education, family financial management, gender relations, community services, social welfare, and other comprehensive services and product experience of the beauty industry service platform.

LONGER

Angel Round in 2013
Langou Pharmaceutical provides research and development services. They offer products that include refined hemp, supplements for the nervous, cardiovascular, cerebrovascular systems, digestive system, respiratory systems, and anti-infection energy supplements.

RML Technology

Series A in 2013
RML Technology specializes in millimeter-wave active phased array microsystems, focusing on research, development, manufacturing, and testing of advanced electronic sensors. The company's products are integral to applications in data links, satellite communications, and radar systems. Through its comprehensive approach, RML Technology aims to innovate and enhance the capabilities of electronic sensor technologies.

Hongtu Intelligent Logistics

Venture Round in 2012
Hongtu Intelligent Logistics is a logistics enterprise that provides industrial supply chain logistics services. Their business runs through the upstream and downstream of the supply chain, including types of industrial supply chain logistics general contracting businesses, logistics technology consulting businesses, and IT technology research and development businesses.

D-Color

Angel Round in 2012
D-Color is a provider of hair care products. Their products such as anti-drying, essential oil rejuvenation, damage repair, soothing essential oils, essential oil anti-dandruff, smooth nutrition, natural plant extracts, shape, withered repair, essential oil rejuvenation, scalp care, soothing essential oils, damage repair, vitality anti-dandruff, nutrition repair, hair dye, stereotypes, shampoo, hair care, and bath

MAYDOS

Funding Round in 2012
Maydos is a producer of paint products. Their products include adhesive, contact adhesive, nail-free glue, pu adhesive, pvc glue, silicone sealant, spray adhesive, white glue, wood paint, uv curing coating, polyurethane wood paint, nitrocellulose lacquer, polyester wood paint, architectural paint, decorative paint, economical wall paint, and stone paint.

NANLING

Series B in 2011
NANLING provides vehicle sales and after-sales maintenance services. They cover a complete set of comprehensive solutions for the automotive industry chain, including spare parts supply, auto insurance services, second-hand car trading platforms, and auto mortgage agency services.

MiiOW

Angel Round in 2011
MiiOW is a producer and supplier of fashion products. They provide products that include tracksuits, thermal clothing, underwear, pants, pantyhose, swimsuits, and tracksuits. They offer products that are available for shopping online.

Tingli Ketang

Venture Round in 2011
Tingli Ketang is an online English learning platform.

Aspiration

Series A in 2011
Aspiration offers brand marketing services. They provide an intelligent AI system that offers businesses real-time monitoring and fund management solutions such as statistics of media consumption, balance, recharge and other data, and integration of internal RM, EPR, and more.

Ningbo Renjian Pharmaceutical

Series A in 2011
Ningbo Renjian Pharmaceutical Co., Ltd., founded in 1988, is a high-tech enterprise specialized in manufacturing biochemical drugs, synthetic pharmaceutical intermediates, APIs and preparations. It has a staff of 500, in which technical personnel is more than 130. More than 90% of the products are exported to Europe, America, Japan, Southeast Asia, etc. The company has the honor to receive many awards such as “Top Export Enterprises of Ningbo”, “Technology Advancement Enterprises of Cixi”, “Model Enterprises for Science and Technology Innovation of Cixi”, “High Technology and New Technology enterprises of Cixi”, “High Technology and New Technology enterprises of Zhejiang Province 2002”The company's R&D center is evaluated “Provincial High Technology and New Technology Research and Development Center”. Biochemical APIs and Preparations: The manufacturing site, located at 555 Changchi Road in Cixi, occupies a land area of 40,000 square meters. It started operation in 2004 and passed GMP inspection in the same year. It has a good environment, professional layout and flow, adanced facilities. It produces APIs such as chorionic gonadotropin (hCG), menotropins (hMG), heparin sodium, oxytocin solution, powdered posterior pituitary , etc, and lyophilized powders for injection and small volume injections. Chorionic gonadotropin (hCG), menotropins (hMG) APIs and injections are main products. Chorionic gonadotropin (hCG) were continual twice evaluated “Famous Brand Products of Ningbo” .Lyophilized powder for injections and small volume injections includes Chorionic gonadotropin (hCG) for injection, menotropins (hMG) for injection, co-enzyme A for injection, oxytocin injection and ethylenediamine diaceturate injection, etc.

JIAOCHEN GROUP

Angel Round in 2010
Jiao Chen Group offers car maintenance, auto parts, beauty, automotive supplies, extended warranty services, automobile mortgages, and automobile integrated services.

idea

Venture Round in 2010
idea offers the development and research of mobile internet technology. They conduct research and development on wearable and smart home products, such as smart insoles, diapers, and more. They accurately and promptly record the users' physiological index data.

pudepharma

Series A in 2010
Pudepharma is a pharmaceutical company. It also engages in the research and development, production, and sale of chemical drugs and medicine compound preparations. It produces pharmaceutical raw materials, raw materials and powder injections, water injection, oral solid preparation, traditional Chinese medicine extraction, and more.

Wuxi Hua Dong Heavy Machinery

Series A in 2010
Wuxi Huadong Heavy Machinery Co., Ltd(HDHM), Founded in year 2004, is a A-share listed company and well-known in port machinery industry. It is specialized in manufacturing of Ship-to-Shore(STS) Container Cranes, Rail-Mounted Gantry(RMG) Container Cranes, Rubber-tyred(RTG) Container Cranes, General Gantry Cranes, Portal Cranes and other types of cranes. Company headquarter is located in Wuxi, which is known as the city of heavy Industry in the economically well-developed Yangtze River Delta. HDHM has professional managers, rich-experienced engineers and designers and skilled technicians. HDHM Cranes have been widely used in domestic seaports in Shanghai, Guangzhou, Dalian, Zhuhai, Zhanjiang, Jinzhou, Rizhao, Shanghai, Ningbo, Xiamen, Guangzhou and Guangxi, also, inland ports in Yibin, Luzhou, Chongqing, Wuhan, Wuhu and Nanjing. Besides, HDHM cranes have been exported to Southeast Asia, West Asia and and other countries. HDHM has established partnership with HWL, PSA and other ports that sharing or holding by world's leading port operator. With strong designing, manufacturing and installation abilities, HDHM is able to meet clients' requirements for quality, delivery period and services. So far, HDHM products have been used in more than 100 ports and yards all over domestic and overseas.

Saunaking

Angel Round in 1995
Saunaking manufactures and develops sauna products. The company sells air purification products, fitness equipment, and other related products. The company's products such as foot buckets, air purifiers, medical instruments, sauna rooms, infrared sauna rooms, far-infrared foot bath barrels, and medical equipment.

The Graph

The Graph is an indexing protocol that facilitates querying data from decentralized networks such as Ethereum and IPFS, serving as a vital component of the Web3 ecosystem. It allows developers to create and publish open APIs, known as subgraphs, which applications can access using GraphQL to retrieve blockchain data. Currently, The Graph provides a hosted service to simplify the development process, with plans to launch a decentralized network. It supports data indexing from Ethereum, IPFS, and POA, with additional networks anticipated in the future. As of now, thousands of developers have deployed over 3,000 subgraphs for decentralized applications, including prominent projects like Uniswap, Synthetix, and Decentraland. The platform has experienced significant growth in usage, highlighting its role in powering the decentralized web.
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