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 company focused on the development of lithium-metal, solid-state batteries that offer significant advantages for electric vehicles. Their innovative technology is capable of achieving charge times as short as three minutes and maintaining capacity for over 10,000 cycles in lab-scale cells. By advancing solid-state battery technology, Adden Energy aims to facilitate the widespread adoption of electric vehicles globally, thereby playing a crucial role in promoting a cleaner and more sustainable 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 focused on product, security, and operational guarantees. Its offerings encompass four core functions: context dynamic strategy, asset threat analysis, data security protection, and abnormal behavior analysis. These solutions enable enterprises to safeguard their digital assets, defend against external threats, and identify internal anomalies, thereby enhancing overall security and operational integrity. Snow Tech supports both local and Software as a Service (SaaS) deployments, ensuring flexibility in meeting diverse client needs.

Corsair Pharma is focused on developing innovative therapeutic solutions aimed at enhancing the effectiveness of medications for patients. The company is working on a novel prodrug of treprostinil, which is designed to penetrate the skin, enter the bloodstream, and convert quickly to treprostinil in the liver. This approach has the potential to provide effective treatment options with rapid titration for patients suffering from pulmonary arterial hypertension (PAH). By utilizing a once-daily transdermal patch, Corsair Pharma aims to improve patient care and streamline the administration of treatment.

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 specializes in cybersecurity services aimed at minimizing the impact of cyber threats on organizations. Their offerings include cyber incident response, compromise assessment, loss adjusting, and digital forensics. The company is dedicated to ensuring a swift response to cyber incidents through comprehensive investigation services, which facilitate collaborative reviews and assessments of security policies, planning, communication, documentation, tools, and training. By providing tailored solutions for incident response and insurance, Blackpanda enables businesses to operate securely and sustainably in an increasingly digital landscape. Customer inquiries can be addressed through various channels, including phone, email, and online applications.

Accession Therapeutics, founded in 2020 and based in Oxford, United Kingdom, is focused on developing innovative immuno-oncology therapeutics aimed at treating challenging and widespread forms of cancer. The company's platform is designed to offer high specificity and potency, enabling it to effectively target various cancer cell variants while sparing healthy cells. Accession Therapeutics has pioneered a unique approach by engineering a viral point of entry into cancer cells, enhancing its ability to engage the immune system fully against tumors. This strategy aims to improve treatment outcomes for patients facing intractable cancer types.

Subtle Medical, Inc. is a healthcare technology company based in Menlo Park, California, that specializes in developing AI-powered medical imaging software for clinical imaging centers and hospitals. Founded in 2017, the company offers products such as SubtleMR and SubtlePET, both of which are FDA cleared and CE marked. These technologies enhance image quality in magnetic resonance imaging (MRI) and positron emission tomography (PET) exams by reducing noise and increasing sharpness, ultimately improving workflow efficiency while ensuring patient safety. Subtle Medical also features SubtleGAD, a technology recognized by the Radiological Society of North America, which aims to make imaging exams safer. The company employs a vendor-agnostic AI infrastructure that integrates seamlessly with existing scanners, allowing imaging providers to serve more patients effectively by enhancing image acquisition without disrupting their current workflow. Through its innovations, Subtle Medical seeks to improve the quality, value, and accessibility of medical imaging while significantly lowering costs and radiation exposure.

Enflame, also known as Suiyuan Technology, specializes in developing advanced neural network solutions for artificial intelligence applications. The company focuses on creating high-end deep learning chips designed specifically for cloud data centers, optimizing them for AI training platforms. These chips feature a proprietary architecture that delivers significant computational power while ensuring high energy efficiency and low costs. Additionally, they are programmable and compatible with 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 an innovative company in the waste management sector, focused on modernizing waste disposal services. Founded in 2019 and headquartered in San Francisco, California, the company offers an on-demand platform that provides customizable junk removal, dumpster rentals, recycling, and hazardous waste disposal. Dimension aims to meet contemporary consumer expectations for reliability and convenience while promoting environmental responsibility through effective waste diversion strategies. By leveraging a network of independent contractors, the company combines flexibility with accountability and scalability, ensuring a seamless experience for its customers. With significant backing from various investors, Dimension is positioned as a disruptive force in the industry, dedicated to enhancing the cleanliness of public spaces and facilitating responsible waste management.

Starna Therapeutics is focused on developing innovative drugs that utilize RNA technology at their core. The company possesses a proprietary RNA and organ-selective delivery technology platform, which underpins its extensive research and development pipeline. This pipeline addresses unmet clinical needs in various areas, including vaccines for infectious diseases, tumor immunology, and metabolic disorders. By leveraging its independent intellectual property rights, Starna Therapeutics aims to advance the field of RNA-based therapeutics and contribute to significant advancements in healthcare.

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 company focused on the development of lithium-metal, solid-state batteries that offer significant advantages for electric vehicles. Their innovative technology is capable of achieving charge times as short as three minutes and maintaining capacity for over 10,000 cycles in lab-scale cells. By advancing solid-state battery technology, Adden Energy aims to facilitate the widespread adoption of electric vehicles globally, thereby playing a crucial role in promoting a cleaner and more sustainable 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 focuses on developing and manufacturing a proprietary catheter-based system for renal mapping and ablation, specifically aimed at treating hypertension and various other serious conditions, including heart failure, arrhythmia, and renal failure. The company's core technology platform is based on radiofrequency (RF) ablation, which is integral to its approach in renal nerve mapping and selective ablation. This innovative medical device is designed to enhance treatment options for patients suffering from these significant health issues.

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 application used for ride-hailing, food delivery, and other services. GoTo Group is driving progress by providing technology infrastructure and solutions that enable everyone to participate in and thrive in the digital economy.

Accession Therapeutics, founded in 2020 and based in Oxford, United Kingdom, is focused on developing innovative immuno-oncology therapeutics aimed at treating challenging and widespread forms of cancer. The company's platform is designed to offer high specificity and potency, enabling it to effectively target various cancer cell variants while sparing healthy cells. Accession Therapeutics has pioneered a unique approach by engineering a viral point of entry into cancer cells, enhancing its ability to engage the immune system fully against tumors. This strategy aims to improve treatment outcomes for patients facing intractable cancer types.

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 specializes in the research, development, and production of advanced optical medical devices and systems. The company focuses on creating medical fluorescence navigation endoscopes that utilize aerospace and military optical technology for applications in healthcare. Its product offerings include endoscopic monitoring equipment, cancer screening tools, endoscopic navigation systems, and fluorescent imaging systems. These innovations enable medical institutions and healthcare providers to effectively observe and assess patient conditions, enhancing diagnostic capabilities and treatment outcomes.

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 an innovative company in the waste management sector, focused on modernizing waste disposal services. Founded in 2019 and headquartered in San Francisco, California, the company offers an on-demand platform that provides customizable junk removal, dumpster rentals, recycling, and hazardous waste disposal. Dimension aims to meet contemporary consumer expectations for reliability and convenience while promoting environmental responsibility through effective waste diversion strategies. By leveraging a network of independent contractors, the company combines flexibility with accountability and scalability, ensuring a seamless experience for its customers. With significant backing from various investors, Dimension is positioned as a disruptive force in the industry, dedicated to enhancing the cleanliness of public spaces and facilitating responsible waste management.

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 focuses on the development of single-cell genome technologies to enhance the understanding and treatment of human diseases. By collaborating with medical research institutions, hospitals, and pharmaceutical companies, the company leverages single-cell genomics and bioinformatics to create detailed maps of diseases. This approach allows for large-scale systematic disease mapping and the mining of extensive data sets, which aids partners in identifying new therapeutic targets and formulating innovative treatment strategies. Analytical Biosciences employs high-resolution databases and advanced data analytics to facilitate the discovery and validation of novel cellular targets and biomarkers, ultimately contributing to the development of 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, established in 2009 and headquartered in Changsha, China, operates convenience stores and offers B2B logistics and distribution services. The company's business model revolves around its community shopping platform, Xingsheng Youxuan, which was launched in 2018. This platform sources fresh products and caters to daily household consumer needs through an online ordering and offline pickup system, offering a wide range of fresh produce, groceries, and general merchandise.

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, also known as Suiyuan Technology, specializes in developing advanced neural network solutions for artificial intelligence applications. The company focuses on creating high-end deep learning chips designed specifically for cloud data centers, optimizing them for AI training platforms. These chips feature a proprietary architecture that delivers significant computational power while ensuring high energy efficiency and low costs. Additionally, they are programmable and compatible with 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, founded in 2013 and based in Tianjin, China, specializes in the research, development, production, and sales of underwater intelligent equipment. The company offers a range of products, including cable remotely operated vehicles, autonomous underwater vehicles, underwater gliders, and COPEX buoys. These products serve various applications such as marine resource surveys, underwater security, water conservancy, hydropower, transportation, salvage operations, and underwater aquaculture. Through its commitment to innovation, Deepinfar Ocean Technology aims to advance underwater exploration and technology.

Furong Xingsheng, established in 2009 and headquartered in Changsha, China, operates convenience stores and offers B2B logistics and distribution services. The company's business model revolves around its community shopping platform, Xingsheng Youxuan, which was launched in 2018. This platform sources fresh products and caters to daily household consumer needs through an online ordering and offline pickup system, offering a wide range of fresh produce, groceries, and general merchandise.

Zap Surgical Systems, Inc. is a medical technology company based in San Carlos, California, founded in 2014. The company designs and manufactures the ZAP-X radiosurgery platform, which is utilized for treating brain tumors and various conditions affecting the head and neck. This innovative system features a self-shielded design that eliminates the necessity for traditional radiation vaults, allowing for greater accessibility and point-of-care delivery in settings such as physician offices, ambulatory surgery centers, and satellite facilities. By enabling neurosurgeons and radiation oncologists to utilize precision radiation more effectively, Zap Surgical Systems aims to enhance treatment options for patients requiring advanced surgical interventions.

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 focuses on providing educational products and services for primary and high school students, utilizing artificial intelligence to enhance learning experiences. Its platform allows students to upload homework questions and seek answers, making it easier for them to tackle study-related challenges. In addition to homework assistance, Zuoyebang offers online courses, live lessons, and evaluations for students from kindergarten through 12th grade. The company has gained 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.