Primavera Capital Group

VAST is an artificial intelligence business that develops and manufactures general-purpose 3D big models. Its goal is to develop a popular 3D content production tool, a 3D user-generated content platform, and utilize 3D space to enhance user experience.

Adden Energy is a developer of advanced lithium-metal solid-state batteries, focusing on innovative technologies that support the mass adoption of electric vehicles. The company has achieved remarkable performance metrics, including charge times as short as three minutes and impressive capacity retention exceeding 10,000 cycles in laboratory conditions. By creating these cutting-edge energy storage solutions, Adden Energy aims to significantly enhance the sustainability of electric vehicles, thereby contributing to a cleaner and more environmentally friendly future.

OPTIX is a designer and manufacturer of AR waveguides and VR optics module. It develops cutting-edge optics technology and offers advanced solutions for the next-gen AR and VR products.

Mianbi Smart enables large-scale model acceleration and application execution using artificial intelligence.

Snow Tech specializes in providing digital security products and services tailored for enterprise cybersecurity. The company develops a network security access architecture that employs a three-in-one service model, which includes product-based, security-centered, and operation-based guarantees. Its offerings encompass four core functions: context dynamic strategy, asset threat analysis, data security protection, and abnormal behavior analysis. Through these capabilities, Snow Tech enables enterprises to safeguard their digital assets, defend against external attacks, and identify internal security threats effectively. The company supports both local and Software as a Service (SaaS) deployment, addressing the diverse needs of its clients in an increasingly complex digital landscape.

Corsair Pharma is focused on developing innovative drug solutions to enhance the therapeutic profiles of existing medications, with an emphasis on improving treatment options for patients. The company is specifically advancing a novel prodrug of treprostinil, which is engineered to permeate the skin, enter the bloodstream, and convert swiftly to active treprostinil in the liver. This unique approach aims to facilitate effective and rapid titration of parenteral delivery, allowing healthcare professionals to treat patients with pulmonary arterial hypertension (PAH) through a once-daily transdermal patch. By prioritizing patient outcomes, Corsair Pharma is positioned to deliver superior therapeutic solutions in the pharmaceutical landscape.

Jiana Energy offers sodium-ion batteries that can be used for energy storage of green energy such as solar energy and wind energy, smart grid power generation side, user side, backup power supply, low-speed electric vehicles, two-wheeled vehicles, and other fields.

Blackpanda is a provider of cyber security services focused on minimizing the impact of cyber threats. The company specializes in cyber incident response, offering services such as compromise assessments, digital forensics, loss adjusting, and incident response preparation. Through these offerings, Blackpanda ensures a swift response to adverse cyber events, enabling organizations to collaboratively review and assess their policies, planning, and training. By addressing customer inquiries via phone, email, and online applications, Blackpanda supports businesses in enhancing their cyber security posture and accessing incident response and insurance solutions to operate securely and sustainably.

Accession Therapeutics is a biopharmaceutical company based in Oxford, United Kingdom, founded in 2020. The company is focused on developing innovative immuno-oncology therapeutics aimed at combating intractable and widespread forms of cancer. Accession Therapeutics has engineered a unique viral point of entry that allows for targeted delivery of treatments to cancer cells while avoiding healthy cells. This approach is designed to enhance the specificity and potency of cancer therapies, effectively addressing tumor diversity and allowing for comprehensive activation of the immune system in the vicinity of tumors.

Subtle Medical, Inc. is a healthcare technology company based in Menlo Park, California, specializing in AI-powered medical imaging solutions. Founded in 2017, the company develops innovative software products such as SubtleMR and SubtlePET, which are designed to enhance image quality in magnetic resonance imaging (MRI) and positron emission tomography (PET) scans. These products utilize proprietary deep learning algorithms to reduce image noise and improve sharpness, thereby increasing efficiency and safety in clinical workflows. Subtle Medical's technology is FDA cleared and CE marked, and it operates on a vendor-agnostic AI infrastructure that integrates seamlessly with existing imaging systems. The company's mission is to enhance the quality, value, and accessibility of medical imaging by lowering costs, reducing imaging time, and minimizing radiation and contrast doses for patients.

Enflame Technology specializes in developing neural network solutions tailored for artificial intelligence applications. The company's primary offerings include high-end deep learning chips designed specifically for cloud data centers and AI training platforms. These chips feature a proprietary architecture that emphasizes high computational power and energy efficiency, while also being programmable and cost-effective. Enflame Technology's products are optimized for mainstream machine learning frameworks, making them suitable for a wide range of AI training and optimization tasks.

Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.

PLANET TWELVE PRIVATE LIMITED operates as a web3 gaming platform and ecosystem aimed at empowering developers to create and monetize immersive, user-generated experiences within the metaverse. The company provides a user-friendly platform that includes drag-and-drop world-building tools, secure asset management, and decentralized governance features. With its no-code editor and on-chain infrastructure, PLANET TWELVE enables creators to design games and economies that are truly owned by the community, fostering a dynamic and innovative environment for a new generation of web3 entertainment.

Dimension is a company focused on modernizing the waste management industry by providing an innovative on-demand platform for waste disposal services. Founded in 2019 and based in San Francisco, California, Dimension offers a range of customizable solutions including junk removal, dumpster rentals, recycling, and hazardous waste disposal. The company aims to meet contemporary customer expectations for reliability, convenience, and a seamless experience by leveraging the flexibility of independent contractors alongside robust waste diversion data. Through its technology-enabled approach, Dimension seeks to enhance public cleanliness and facilitate responsible waste management, contributing to a greener environment.

Starna Therapeutics is a biotechnology company dedicated to the development of innovative drugs centered around RNA technology. The company boasts an advanced RNA and organ-selective delivery platform, supported by independent intellectual property rights. Starna Therapeutics focuses on addressing unmet clinical needs through its extensive research and development pipeline, which encompasses a range of therapeutic areas, including vaccines for infectious diseases, tumor immunology, and metabolic disorders. By leveraging its expertise in RNA technology, Starna Therapeutics aims to create effective solutions for various health challenges.

Hex Trust is a licensed provider of bank-grade custody solutions for digital assets, established in 2017 and headquartered in Sheung Wan, Hong Kong. The company operates through its proprietary platform, Hex Safe™, which offers a range of services, including custody, decentralized finance (DeFi), brokerage, and financing solutions. Targeting financial institutions, digital asset organizations, and private clients, Hex Trust aims to facilitate the integration of digital assets into their business models while adhering to a secure, scalable, and compliant framework. The firm is registered as a Trust Company under the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider license, along with a Capital Markets Services license in Singapore, allowing it to provide regulated custodial services. With additional offices in Singapore and Vietnam, Hex Trust is also expanding its presence across Europe and the Middle East to further enhance its service offerings.

Robotphoenix is an industrial robot manufacturing company that focuses on developing lightweight high-speed industrial robots. They offer various types of robot products such as parallel robots, SCARA robots, small six-axis robots, coordinate robots, AGV robots, and wafer handling robots. They provide robots for various commercial applications such as the medical, food, logistics, and chemical industries.

Adden Energy is a developer of advanced lithium-metal solid-state batteries, focusing on innovative technologies that support the mass adoption of electric vehicles. The company has achieved remarkable performance metrics, including charge times as short as three minutes and impressive capacity retention exceeding 10,000 cycles in laboratory conditions. By creating these cutting-edge energy storage solutions, Adden Energy aims to significantly enhance the sustainability of electric vehicles, thereby contributing to a cleaner and more environmentally friendly future.

Hong Kong Asia Heart Centre is a cardiovascular specialist chain that provides various cardiovascular assessment and surgical services. Founded in 1999, The Hong Kong Asian Heart Center has a professional medical team with many years of experience in the treatment of heart disease.

BreAX Biotech develops a breath-based diagnostic platform leveraging a proprietary single-photon ionization-time-of-flight mass spectrometer. It can provide sensitivity of pptv level (10-12) and a response speed of the second level, realizing high-sensitivity detection and real-time qualitative and quantitative analysis of VOCs in trace to ultra-trace concentrations (10-9~10-12). Breax's human exhaled breath detection mass spectrometer has obtained the NMPA registration certification, becoming the world's first breath detection mass spectrometry platform approved for clinical application. Breax's current clinical focus includes tuberculosis, malignant tumors, infectious diseases, and metabolic diseases.

Starfield Food Science Technology is a Chinese company based in Shenzhen that specializes in producing plant-based meat products. Founded in 2017, the company operates its own research and development facilities as well as manufacturing plants. Starfield is committed to creating safe, healthy, and environmentally friendly food options, with a long-term goal of developing artificial meat products that are indistinguishable from animal-based meats. The company sells its products through various outlets and online platforms.

Xbiome Co. Ltd., established in 2017 and headquartered in Shenzhen, China, is an AI-based microbiome drug development company. It specializes in the analysis of patient and donor intestinal flora using artificial intelligence to accelerate the development of effective pharmaceuticals for microecological intestinal disorders. Xbiome's products focus on micro-ecological treatment, aiming to manage the gut health of a vast population.

Avistone Pharmaceuticals is a clinical-stage biotechnology company focused on precision oncology therapeutics.

SyMap Medical is focused on the development and manufacturing of innovative medical devices aimed at treating hypertension and related diseases, including heart failure, arrhythmia, and severe asthma. The company specializes in a proprietary catheter-based renal mapping and ablation system that utilizes radiofrequency (RF) ablation technology. This system is designed for renal denervation therapy, which involves mapping and selectively ablating renal nerves to effectively manage hypertension. Through its advanced technology platform, SyMap Medical aims to address significant health challenges associated with major cardiovascular and respiratory conditions.

Love, Bonito is a leading vertically integrated, omni-channel women’s fashion brand established in 2010. Headquartered in Singapore with additional offices in Indonesia, Malaysia, and Hong Kong, the company employs around 150 people. Love, Bonito operates across these four markets and globally through an international e-commerce site. The brand is known for its thoughtful, experiential, and community-driven approach to retail, aiming to become a global leader in providing fashion solutions tailored to the everyday woman.

Ruigu, founded in 2013, is an e-commerce platform specializing in the Chinese electrical hardware sector. It primarily serves manufacturers of maintenance, repair, and operations (MRO) industrial products, as well as numerous small and medium-sized enterprises involved in the distribution of these products. Ruigu facilitates digital transactions for purchasing, sales, and inventory management, enabling businesses to modernize their operations and enhance efficiency in the MRO industrial market.

Envision Group is a global energy internet service provider that focuses on integrating advanced technology with renewable energy solutions. The company is dedicated to creating a sustainable energy ecosystem by leveraging digital platforms to optimize energy production and consumption. Envision aims to enhance energy efficiency and promote the use of clean energy sources, aligning with global efforts toward sustainability and reduced carbon emissions. Through its innovative approach, Envision contributes to the development of smart energy systems that facilitate the transition to a greener future.

GoTo Group is an Indonesian technology company formed by the merger of Gojek and Tokopedia in May 2021. It integrates e-commerce, ride-hailing, delivery, and financial services into a single platform, primarily serving the Indonesian market. In 2024, GoTo divested its e-commerce business, partnering with TikTok Indonesia to create a new entity. Following this change, the company is expected to see its on-demand services generate the majority of its revenue, while its financial services begin to grow. Before the divestment, a significant portion of its non-financial services revenue was derived from e-commerce activities, and the company plans to expand its offerings to include loans and buy now, pay later options, enhancing its overall service ecosystem.

Accession Therapeutics is a biopharmaceutical company based in Oxford, United Kingdom, founded in 2020. The company is focused on developing innovative immuno-oncology therapeutics aimed at combating intractable and widespread forms of cancer. Accession Therapeutics has engineered a unique viral point of entry that allows for targeted delivery of treatments to cancer cells while avoiding healthy cells. This approach is designed to enhance the specificity and potency of cancer therapies, effectively addressing tumor diversity and allowing for comprehensive activation of the immune system in the vicinity of tumors.

Shukun Technology is a Chinese healthcare company founded in 2017 and headquartered in Beijing. It specializes in developing diagnostic systems that leverage machine learning and artificial intelligence to detect cardiovascular diseases and tumors. By employing deep learning algorithms, Shukun Technology intelligently analyzes medical images to automatically identify lesions and generate comprehensive reports. The company's innovations aim to enhance the efficiency of medical professionals, ultimately improving the quality of diagnosis and treatment in primary healthcare settings.

OptoMedic is a company focused on the research, development, and production of advanced optical medical devices and systems. It specializes in medical fluorescence navigation endoscopes that leverage aerospace and military optical technology for medical applications. Its product portfolio includes endoscopic monitoring equipment, cancer screening tools, endoscopic navigation systems, and fluorescent imaging systems. These innovations are designed to enhance the ability of medical institutions and healthcare professionals to effectively assess and monitor patient conditions.

Mead Johnson Nutrition specializes in the production and sale of nutritional products focused primarily on infants and children. The company offers a diverse range of infant formula products, including standard options like Enfamil Premium and Enfalac Premium, as well as specialized formulas addressing feeding tolerance issues, such as Enfamil Gentlease and Enfamil A.R. Furthermore, Mead Johnson Nutrition provides medical and specialty formulas, including Nutramigen for cow’s milk protein allergies and Enfamil Premature for low birth weight infants. For older children, the company markets nutrition products under brands like Enfagrow and Sustagen. Additionally, Mead Johnson Nutrition offers prenatal and postnatal supplements for mothers, pediatric vitamins for infants, and oral electrolyte solutions for hydration. Founded in 1905 by Edward Mead Johnson and headquartered in Glenview, Illinois, the company operates as a subsidiary of Reckitt Benckiser Group and serves customers in approximately 50 countries worldwide.

Dimension is a company focused on modernizing the waste management industry by providing an innovative on-demand platform for waste disposal services. Founded in 2019 and based in San Francisco, California, Dimension offers a range of customizable solutions including junk removal, dumpster rentals, recycling, and hazardous waste disposal. The company aims to meet contemporary customer expectations for reliability, convenience, and a seamless experience by leveraging the flexibility of independent contractors alongside robust waste diversion data. Through its technology-enabled approach, Dimension seeks to enhance public cleanliness and facilitate responsible waste management, contributing to a greener environment.

Ningbo Jenscare Scientific develops solutions around structural heart disease that include the treatment of the tricuspid valve, mitral valve, aortic valve, and heart failure. The company's contact information is its physical address.

Analytical Biosciences is a developer of single-cell genomics focused on creating precise maps of human diseases. The company collaborates with medical research institutions, hospitals, and pharmaceutical firms to leverage single-cell genomics and bioinformatics for improving disease diagnosis and treatment. By conducting large-scale systematic mapping of diseases at the single-cell level, Analytical Biosciences engages in extensive data mining to support its partners in discovering new therapeutic targets and developing innovative treatment strategies. Utilizing high-resolution databases and advanced data analytics, the company aims to unlock disease mechanisms and facilitate the identification and validation of novel cellular targets and biomarkers. This approach positions Analytical Biosciences at the forefront of advancing next-generation therapeutics and diagnostics.

Beijing Beisen Cloud Computing Co., Ltd. specializes in developing software as a service (SaaS) solutions for integrated talent management. Founded in 2005 and based in Beijing, the company offers a comprehensive platform that includes services for talent assessment, recruitment management, performance management, succession planning, and employee development. Beisen’s Human Resource Service Platform focuses on internet recruitment, while its Business People Service Network provides information and recruitment services. The company also delivers platform as a service (PaaS) for cloud architecture development, along with system implementation and custom development services. Its iTalentX platform features cloud-native applications designed to streamline human capital management (HCM) processes, enabling organizations to effectively recruit, evaluate, and retain talent throughout the employee lifecycle.

Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

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

Enflame Technology specializes in developing neural network solutions tailored for artificial intelligence applications. The company's primary offerings include high-end deep learning chips designed specifically for cloud data centers and AI training platforms. These chips feature a proprietary architecture that emphasizes high computational power and energy efficiency, while also being programmable and cost-effective. Enflame Technology's products are optimized for mainstream machine learning frameworks, making them suitable for a wide range of AI training and optimization tasks.

Xbiome Co. Ltd., established in 2017 and headquartered in Shenzhen, China, is an AI-based microbiome drug development company. It specializes in the analysis of patient and donor intestinal flora using artificial intelligence to accelerate the development of effective pharmaceuticals for microecological intestinal disorders. Xbiome's products focus on micro-ecological treatment, aiming to manage the gut health of a vast population.

Deepinfar Ocean Technology Co., Ltd is a technology enterprise based in Tianjin, China, specializing in the research, development, production, and sales of underwater intelligent equipment. Founded in 2013, the company offers a range of products including cable remotely operated vehicles, autonomous underwater vehicles, underwater gliders, and COPEX buoys. These products are utilized across various sectors such as marine resource surveys, underwater security, water conservancy, hydropower, transportation, salvage operations, and underwater aquaculture. Deepinfar emphasizes innovation and independent development in its operations.

Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

Zap Surgical Systems, based in San Carlos, California, specializes in developing advanced medical technologies. Founded in 2014, the company's flagship product is ZAP-X, a gyroscopic radiosurgery platform designed for precise, non-invasive treatment of brain tumors and head & neck conditions. Unlike traditional systems, ZAP-X's self-shielded design eliminates the need for radiation vaults, enabling its use in various healthcare settings previously unfeasible or cost-prohibitive.

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

Shijiazhuang Junlebao Dairy is a prominent dairy products company based in China, specializing in the production and sale of a diverse array of dairy items. Its product offerings include fluid milks, flavored milk, baby formula, yogurt, and milk powder. The company has developed a comprehensive operational framework that spans the entire dairy industry chain, focusing on coordinated development, nutrition, health, and safety for consumers. Through its commitment to quality and innovation, Shijiazhuang Junlebao Dairy aims to meet the evolving needs of its customers while promoting health and wellness in the dairy sector.

Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Beijing UBOX Online Technology Corp. is a prominent player in China's vending machine industry, established in 2011 and headquartered in Beijing. The company manufactures vending machines and operates a nationwide network, providing a unique online-to-offline (O2O) shopping experience. Customers can shop through a mobile application and collect their purchases from Ubox's interactive vending machines. This innovative approach not only enhances traditional vending services but also integrates digital and physical retail, positioning Ubox as a leader in the market.

Onion Math is an online education platform.

Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Hellobike develops and provides a bike sharing mobile application. Its application promotes the development of the shared bicycle segment market through the cooperation with the traditional car rental businesses and scenic spot supervision agencies of the tourist attractions. Han Mei founded Hellobike in 2016 as Shanghai Junzheng Network Technology. Its headquarters is in Shanghai in China.

Alibaba Bendi Shenghuo Fuwu Gonsi focuses on on-demand online services. It was established by Alibaba Group as the holding company for [Ele.me](https://www.crunchbase.com/organization/ele-me#section-overview) (food delivery service) and [Koubei](https://www.crunchbase.com/organization/koubei) (online restaurant guide business), which merged in August 2018.

Lufax is a technology-driven personal financial services platform based in China and affiliated with Ping An Insurance. The company specializes in various financial services, including wealth management and retail credit facilitation. Lufax offers a range of services related to financial asset transactions, including investment services for institutions and individual investors, as well as transaction financing consulting. Its comprehensive platform supports financial asset allocation and transaction organization, enabling clients to manage their financial needs effectively. Through its innovative approach, Lufax aims to enhance financial accessibility and efficiency for its users.

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.

Xpeng Motors is a Chinese electric vehicle and technology company that specializes in the design and manufacture of smart cars. The company emphasizes local market needs and prioritizes consumer experience, integrating advanced autonomous driving features and internet-connected technologies into its vehicles. This approach aims to enhance the overall functionality and appeal of their cars, making them more than just traditional vehicles. Additionally, Xpeng Motors has a subsidiary, Xpeng Robotics, which focuses on developing smart robots as part of its broader mobility ecosystem.

Zuoyebang is an online education startup based in Beijing, China, founded in 2014 by Hou Jianbin. The company offers a web and mobile learning platform tailored for primary and high school students, providing a range of educational products and services. Its platform leverages artificial intelligence to allow students to upload homework questions and search for answers to their academic queries. In addition to homework assistance, Zuoyebang offers online courses, live lessons, and evaluations for students from kindergarten through 12th grade. The company has garnered significant backing from prominent investors, including Baidu, Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners.

Souche, founded by Yao Junhong in December 2012, is a prominent automotive new retail platform in China. The company has attracted significant investments, raising over $1.2 billion by August 2018 from notable organizations such as Alibaba Group and Ant Financial Services Group. Recognized in the 2017 New Global Unicorns Ranking by PitchBook, Souche aims to be a central intelligence hub for the automotive industry. Over the years, it has developed an integrated automotive retail ecosystem that includes various businesses. These encompass Tangeche, an automotive financial leasing platform; Chehang168, a B2B industrial chain service platform; Cheyipai, an online used-car trading platform; and TIHD, a car-sharing service. Additionally, Souche offers SaaS products for used-car dealers through Dafengche and operates a new-car dealership network called Maicheguanjia. The company also provides ERP systems for dealership groups and integrated supply chain logistics services. Souche is often referred to as "the Alibaba of the Chinese automotive industry."

WorldStrides, Inc. is an educational travel company based in Charlottesville, Virginia, that offers a variety of travel programs for students ranging from elementary to graduate levels. Founded in 1967, the company provides cultural awareness programs, specialized courses, and academic trips across the United States and globally. Its offerings include history, science, and arts programs for younger students, as well as international travel opportunities for those studying business, medicine, and law. Additionally, WorldStrides facilitates performance opportunities for students in the arts, allowing them to showcase their talents in prestigious venues and events. The company also organizes educational experiences that promote cultural exchange and learning, partnering with various organizations to enhance these opportunities. With offices in the United States, the United Kingdom, Australia, China, and Chile, WorldStrides aims to enrich students' educational journeys through global exposure and adventure.

Souche, founded by Yao Junhong in December 2012, is a prominent automotive new retail platform in China. The company has attracted significant investments, raising over $1.2 billion by August 2018 from notable organizations such as Alibaba Group and Ant Financial Services Group. Recognized in the 2017 New Global Unicorns Ranking by PitchBook, Souche aims to be a central intelligence hub for the automotive industry. Over the years, it has developed an integrated automotive retail ecosystem that includes various businesses. These encompass Tangeche, an automotive financial leasing platform; Chehang168, a B2B industrial chain service platform; Cheyipai, an online used-car trading platform; and TIHD, a car-sharing service. Additionally, Souche offers SaaS products for used-car dealers through Dafengche and operates a new-car dealership network called Maicheguanjia. The company also provides ERP systems for dealership groups and integrated supply chain logistics services. Souche is often referred to as "the Alibaba of the Chinese automotive industry."

Dashu Finance is a specialized credit facility that serves small and micro-business owners by providing unsecured credit loans sourced from institutional investors. The company focuses on facilitating access to various types of financing, including education, corporate credit, rent, and car loans. Utilizing advanced credit analysis based on big data, Dashu not only offers loans directly to enterprises but also equips traditional financial institutions with credit analysis tools. This dual approach aims to enhance financial support for small businesses while improving the overall lending process.

Moviebook is a Chinese startup based in Beijing that specializes in video recognition and online video technology. The company focuses on developing an innovative video interaction platform with significant commercial potential. Its offerings include AI-driven interactive video analytics, which encompass structured visual analysis, image synthesis, intelligent video editing, physical action analysis, and scene information recovery. By leveraging advanced technology, Moviebook aims to enhance user experiences, diversify communication methods, and lower operational costs within the education, entertainment, and media industries.

Koubei.com is a comprehensive life search engine established in 2004, focusing on local services across various sectors including dining, entertainment, housing, and travel. It serves as a valuable resource for consumers in medium and large cities, offering detailed information about restaurants and entertainment options, which are among its most popular features. The platform enables users to locate shops, read guest reviews, and access services related to house rentals and secondhand property transactions. Additionally, Koubei.com incorporates a credit system for domestic classified information, enhancing user trust and engagement. Its application facilitates direct interaction with local merchants, allowing users to place orders, make payments, and leave reviews seamlessly.

Yum! China, a market leader with decades of accumulated consumer loyalty and world-class operations in China, will become a franchisee of Yum! Brands in Mainland China. It will have exclusive rights to three category-leading brands: KFC, China’s leading quick-service restaurant concept, and a favorite of Chinese consumers; Pizza Hut, by far the leading casual dining brand; and Taco Bell, which is expanding globally but is not yet in China, providing significant upside potential. Yum! China will have an attractive investment profile and significant opportunity for growth. The Company is expected to have no significant debt, with substantial financial capacity to invest in its business. A favorite of China’s growing middle class, Yum! China has the potential to grow to 20,000 restaurants or more in the future from approximately 6,900 restaurants today. The business also has significant sales and profit growth potential in its existing restaurants, which the Company plans to capture over time by growing its core offerings and expanding further into new initiatives such as home delivery.

Ant Group Co., Ltd. is a leading provider of digital payment and financial services in China, known for its flagship product, Alipay, a widely used digital payments platform. Established in 2000 and headquartered in Hangzhou, the company offers a variety of financial solutions, including Yu'e Bao, an online cash management platform that invests users' funds in a money market fund; Huabei, a consumer credit service facilitating buy now, pay later options; and MYbank, an online bank focused on serving small businesses and entrepreneurs. Additionally, Ant Group operates Xiang Hu Bao, a mutual aid platform for health protection, and Zhima Credit, a credit assessment service for businesses. The company aims to foster digital transformation across the service industry, ensuring that consumers and small enterprises have equal access to inclusive and sustainable financial services. In July 2020, it rebranded from Ant Small and Micro Financial Services Group Co., Ltd. to Ant Group Co., Ltd.

Cainiao Logistics provides logistics services to Alibaba Group. It operates warehouses and express delivery stations. Cainiao Logistics also operates a logistics information platform which provides real-time access to information for both buyers and sellers. Shen Guojun founded China Smart Logistics Network on May 28, 2013 that later became Cainiao Logistics, with its headquarters in Shenzhen in China.

Alibaba Group is the largest online and mobile commerce company globally, primarily known for its extensive e-commerce platforms that connect buyers and sellers. It operates notable marketplaces in China, including Taobao, which focuses on consumer-to-consumer transactions, and Tmall, which caters to business-to-consumer interactions. The company's core business lies in its China commerce retail division, which is a significant source of cash flow. In addition to retail and wholesale transactions, Alibaba also generates revenue from various sectors, including international commerce, local consumer services, cloud computing, digital media and entertainment, and logistics through its Cainiao network. Alibaba's diverse portfolio positions it as a key player across multiple industries, including retail, logistics, and technology.

Xunlei Limited is a prominent technology company based in Shenzhen, China, specializing in cloud-based acceleration technology and digital media content distribution. Founded in 2003, Xunlei operates an advanced internet platform that allows users to efficiently access, manage, and consume various digital media content. The company's key offerings include the Xunlei Accelerator, which enhances internet transmission speeds, and a range of cloud acceleration subscription services designed for both individual and corporate users. Xunlei has also developed a mobile application, Mobile Xunlei, to facilitate digital media access on mobile devices, alongside the Xunlei Media Player for seamless content playback. The company has expanded its services to include online gaming, live video streaming, and advertising, while also venturing into blockchain technology, launching applications that enhance digital transactions. With a significant user base, Xunlei continues to innovate in shared computing and cloud computing, aiming to enhance the digital experience for its customers.