Harmay is a retailer based in China that specializes in premium cosmetics and beauty products, emphasizing contemporary fashion and aesthetics. The company offers a curated selection of well-known international cosmetics and skincare brands alongside its own self-developed skincare products. By focusing on high-quality, modern makeup and beauty solutions, Harmay aims to cater to urban consumers seeking both established and unique beauty offerings, promoting the idea of beauty and a beautiful lifestyle.
PingPong
Private Equity Round in 2022
PingPong is a financial technology company founded in 2015 that serves as a growth partner for international eCommerce, catering to over 750,000 online sellers globally. The company specializes in cross-border payments, having processed more than 90 billion USD to date, with daily transfers exceeding 150 million USD. By offering a free account, PingPong enables sellers to minimize costs associated with international transactions, manage marketplace profits, and secure better exchange rates than traditional banks. Its platform consolidates various financial services, including VAT and supplier payments, into a single interface, enhancing operational efficiency and time management for users. PingPong collaborates with established financial institutions, ensuring compliance with regulatory requirements across the U.S., Europe, and Asia, thereby fostering trust among global merchants.
PatPat is an online shopping platform tailored for mothers, providing significant discounts on a variety of baby, toddler, kids, and maternity products. The platform features daily deals that can reach discounts of 50-90% off, with some items available for free. By maintaining strong relationships with manufacturers, PatPat is able to offer prices that are exceptionally competitive. The shopping experience is designed to be efficient, allowing moms to easily find affordable products for their families without excessive time or financial investment. New promotional events are launched daily at 6am PST, ensuring a fresh selection of deals for shoppers.
Dingdong Maicai
Series D in 2021
Dingdong Maicai is a leading Chinese community-based online retail platform specializing in fresh produce, founded in 2014 and headquartered in Shanghai. The company focuses on enhancing the fresh food consumption experience through its technologically driven service model, which includes direct procurement from producers, efficient pre-warehouse distribution, and rapid home delivery within 29 minutes. It offers a wide range of products, including fresh vegetables, meat, seafood, and other daily necessities, accessible via the Dingdong Fresh app and mini-programs. Operating in major cities like Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou, Dingdong Maicai is recognized as one of the fastest growing on-demand e-commerce companies in China, supported by an extensive self-operated fulfillment network.
Tongcheng-Elong Holdings
Venture Round in 2021
Tongcheng-Elong Holdings is a Chinese website based on tours & travels.
New Century Hotel Group
Acquisition in 2021
New Century Hotel Group Ltd. is a prominent operator of hotels and resorts in eastern China, managing a diverse portfolio that includes luxury hotels, business accommodations, and resort properties. Founded in 1988 and headquartered in Hangzhou, the company provides a range of services to enhance its hotel operations, including facilities for meetings, banquets, celebrations, buffets, and cocktail parties. In addition to managing existing hotel assets, New Century Hotel Group offers comprehensive support before a hotel opens, which includes technical advice, market and financial feasibility analysis, hotel construction services, and design consultation. The company is dedicated to delivering high-quality hospitality experiences while ensuring operational excellence across its properties.
Yuanfudao
Series G in 2020
Yuanfudao, founded in 2012, is the largest online live course platform in China, catering to primary and secondary school students. With over 1 million paying users, it provides a comprehensive curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. The platform features live online tutoring conducted by nationally recognized teachers, allowing students to receive quality education from home. By utilizing big data analysis, Yuanfudao enables students to identify their learning weaknesses and engage in targeted learning, thus enhancing their educational outcomes. The combination of its extensive course offerings and a large pool of qualified educators benefits hundreds of thousands of students across the country.
58.com
Acquisition in 2020
58.com is a prominent Chinese classified advertisements platform that connects local merchants and consumers, allowing them to share information and advertise services within their communities. Launched in 2005 and based in Beijing, the platform serves as a for-profit equivalent of Craigslist in the United States, focusing on providing accessible and credible information to lower-income individuals and the unemployed. It offers a range of services, including targeted advertising, online marketing, and customer relations management. With a user base exceeding 50 million registered users and over 1 million daily posts, 58.com ranks as the leading local life service website in China. The company has expanded its presence to 32 cities and employs 6,500 staff members. Its marketing strategies encompass both online and offline channels, utilizing paid advertisements on search engines and traditional media to enhance visibility. Competitors in the space include Ganji.com and Baixing.com.
Ruby Marie Hotel & Bar
Private Equity Round in 2020
Ruby Marie Hotel & Bar is located in the Stafa Building.
Dragonpass
Private Equity Round in 2019
Dragonpass is a rapidly growing provider of premium travel services, focused on enhancing the airport experience for both business and leisure travelers. The company offers a digitally integrated mobile application that facilitates access to a range of exclusive amenities, including a restaurant program and concierge services such as VIP terminal access, airport valet parking, and various premium benefits. Through its platform, Dragonpass allows customers to enjoy privileges and discounts on services within the airport, such as dining, spa treatments, and transportation options. By prioritizing comfort and convenience, Dragonpass aims to transform the often hectic airport environment into a more serene and enjoyable experience for its members.
LvYue Travel Information Technology (Beijing) Co., Ltd., established in 2016 and based in Beijing, operates within the hotel management sector in China. The company is part of the Luyue Group, which is strategically linked to Ctrip Group and focuses on integrating hotel management with information technology and procurement. Under the leadership of CEO Zhang Qiang, the Luyue Group aims to enhance the tourism industry by leveraging internet innovations and technology to improve operational effectiveness. It utilizes data-driven strategies derived from user information from Ctrip and Qunar.com, alongside its own technology development team. The group is recognized for its innovative systems, including the Aladdin global intelligent location system and XPMS, which facilitate the management of non-standard hotels through a comprehensive service approach.
Beeplus Co-working Space
Series B in 2019
Beeplus Co-working Space, officially known as Zhuhai Beeplus Technology Co., Ltd, was established in 2015 and is headquartered in Zhuhai, China. The company offers shared workspaces, conference rooms, and a range of services tailored to entrepreneurs, freelancers, startups, artists, small businesses, and larger corporate divisions. Beeplus is recognized for its innovative approach, utilizing container construction to create joint office spaces and cultural activity platforms. By focusing on enterprise parks and university campuses, Beeplus aims to foster a community for young individuals aged 20 to 30, promoting collaboration and a new lifestyle among its members. The company serves a diverse clientele within China, providing an environment conducive to productivity and networking.
PingPong is a financial technology company founded in 2015 that serves as a growth partner for international eCommerce, catering to over 750,000 online sellers globally. The company specializes in cross-border payments, having processed more than 90 billion USD to date, with daily transfers exceeding 150 million USD. By offering a free account, PingPong enables sellers to minimize costs associated with international transactions, manage marketplace profits, and secure better exchange rates than traditional banks. Its platform consolidates various financial services, including VAT and supplier payments, into a single interface, enhancing operational efficiency and time management for users. PingPong collaborates with established financial institutions, ensuring compliance with regulatory requirements across the U.S., Europe, and Asia, thereby fostering trust among global merchants.
eHi Car Rental
Acquisition in 2018
eHi Car Services Limited is a leading car rental platform in China, established in 2006 and headquartered in Shanghai. The company provides a wide range of car rental services to individual consumers and corporate clients across the country, operating more than 500 outlets in over 80 cities. eHi specializes in both self-drive and chauffeured car services, which include airport pickups, inter-office transfers, and transportation for events such as conventions and promotional tours. The company has become a preferred choice for business travelers and urban professionals, boasting a client base that includes numerous Fortune 500 companies across various industries, including energy, education, and finance. eHi's advanced vehicle management system enhances its service efficiency, allowing it to cater effectively to the diverse needs of its clientele.
MyDreamPlus
Series C in 2018
MyDreamPlus is a co-working space startup that focuses on providing a technologically advanced working environment. Established in May 2015, the company integrates space design, smart office management, and community operations to create high-quality workspaces. MyDreamPlus designs innovative furniture and develops management systems that allow customers to address office-related tasks through their smartphones, such as accessing doors, booking meeting rooms, and sharing Wi-Fi passwords. With a presence in over 20 locations primarily in major cities like Beijing and Chengdu, the company has attracted more than 300 enterprises, with a significant majority being established firms. This diverse clientele includes notable companies such as COFCO, Chinese TAL Education Group, Airbnb, and VIPKID, reflecting MyDreamPlus's commitment to catering to various business needs, from startups to larger corporate teams.
Lefull is a service company specializing in housing rental operations and asset management. It provides a comprehensive range of services, including property management, which encompasses furnishing, cleaning, and security for high-quality apartment buildings. Lefull focuses on creating private and inviting living spaces tailored for young renters. Additionally, the company offers acquisition and construction management services, along with consultation support for the development of rental housing projects. Its expertise extends to planning and design, market feasibility research, and strategic recommendations, ensuring that clients receive thorough guidance throughout the rental process.
Zouchu Qu
Series A in 2018
Zouchu Qu offers global HR solutions for healthcare, hospitality, construction, catering, retail, civil and mechanical engineering sectors.
MyDreamPlus
Series B in 2018
MyDreamPlus is a co-working space startup that focuses on providing a technologically advanced working environment. Established in May 2015, the company integrates space design, smart office management, and community operations to create high-quality workspaces. MyDreamPlus designs innovative furniture and develops management systems that allow customers to address office-related tasks through their smartphones, such as accessing doors, booking meeting rooms, and sharing Wi-Fi passwords. With a presence in over 20 locations primarily in major cities like Beijing and Chengdu, the company has attracted more than 300 enterprises, with a significant majority being established firms. This diverse clientele includes notable companies such as COFCO, Chinese TAL Education Group, Airbnb, and VIPKID, reflecting MyDreamPlus's commitment to catering to various business needs, from startups to larger corporate teams.
Alliancc Art Group
Corporate Round in 2018
Alliancc Art Group is a Chinese company based in Shenzhen that operates a comprehensive music complex. The organization runs various music-related venues, including music restaurants and music pubs, while also offering music training and artist agency services. In addition to its core operations, Alliancc Art Group is engaged in multiple industries such as bars, karaoke (KTV), real estate, logistics, software development, and hospitality. The company also has investments in media productions and educational initiatives focused on training actors and musicians. Through these diverse activities, Alliancc Art Group aims to promote and support the music industry in China.
Mafengwo is a prominent Chinese travel social networking site that facilitates the sharing of travel experiences among users. The platform boasts over one million entries of user-generated travel guides and more than five million ratings and reviews, catering to a diverse array of travel-related needs, including information on hotels, flights, travel routes, visas, and insurance. Since its inception, Mafengwo has served over 25 million users, emphasizing user experience by continually enhancing its social platform for sharing travel information. Its core product, the Travel Guide, encompasses more than 95% of global travel destinations and has surpassed 100 million downloads. In 2012, Mafengwo expanded its offerings by integrating booking services from major platforms such as Booking, Agoda, Ctrip, and eLong, further solidifying its position in the travel industry.
Yitiao is an online video content producer and e-commerce start-up.
Joint Wisdom is a company that specializes in data analytics and technology solutions for the hospitality industry. It offers a comprehensive suite of services, including hotel big data, property management systems, and a platform for managing hotel reviews and data. Additionally, Joint Wisdom conducts OTA quality inspections and provides tools for hotel quality assessments, enabling hotels to evaluate their performance and align with consumer expectations. The company leverages cloud-based technology and data intelligence products to support hotel brands in optimizing operations and enhancing revenue management. By helping hotels develop differentiated offerings and customize pricing strategies, Joint Wisdom aims to improve overall market positioning and customer satisfaction.
ByteDance
Venture Round in 2016
ByteDance is a technology company that develops and operates a range of content platforms, most notably TikTok and Douyin. It aims to enhance user experiences through innovative technology, allowing individuals to connect, create, and consume content seamlessly. The company specializes in mobile applications that cater to online media, entertainment, and social networking, leveraging artificial intelligence to deliver personalized content that aligns with users' preferences. In addition to its flagship platforms, ByteDance provides tools that facilitate content creation and collaboration, reflecting its commitment to enriching lives through technology.
Mind Education
Private Equity Round in 2015
Mind Education is a prominent educational organization based in Beijing, China, specializing in study-travel services for children aged 3 to 18. Founded as an alumni enterprise of Tsinghua University, the company has developed a comprehensive system of over 200 educational products aimed at enhancing social competence and quality-oriented education. Its offerings include domestic and international summer camps, winter camps, themed camps, parent-child programs, and teacher training initiatives. Since its inception in 2002, Mind Education has served nearly 10,000 primary and secondary schools, providing high-quality educational experiences both within China and abroad. The organization operates from its headquarters in Tsinghua Science Park and has established branches across several provinces. With a dedicated workforce of over 300 full-time employees and a large network of part-time staff from esteemed universities, Mind Education is committed to ensuring that every child has the opportunity to participate in enriching study tours.