Primavera Capital Group

Primavera Capital Group is a global investment firm based in China, with offices in Beijing, Hong Kong, and Silicon Valley. Founded in 2010 by Dr. Fred Hu, a prominent economist and former Goldman Sachs executive, the firm focuses on a broad range of investment strategies, including growth equity, private credit, restructuring financing, and full buyouts. Primavera manages funds in both RMB and USD for a diverse array of clients, including leading institutions, corporations, and families. The firm employs over 30 investment professionals who leverage their extensive experience in global capital markets and deep industry knowledge. They emphasize rigorous fundamental research and sophisticated analysis of economies, industries, and companies to identify attractive investment opportunities and guide their decisions.

Max Chen

Co-Founding Member and Partner

Jimmy Guo

Managing Director

Edward Han

Managing Director

Fred Hu

Founder, Chairman and CEO

Philip Hu

Founding Member and Managing Director

David Lin

Managing Director

Gigi Ng

CFO and Partner

Wei Wang

Managing Director

William Wang

Founding Partner

Kenneth Wong

Co-Founding Partner, Investment Committee Member and Co-Chair of Investment Portfolio Monitoring and Management Committee

Michael Woo

Managing Director

Samantha Xiao

Managing Director

Dapeng Zhu

Managing Director

Johnny Zou

Executive Director

66 past transactions

VAST

Seed Round in 2024
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

Series A in 2024
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

Seed Round in 2024
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

Seed Round in 2024
Mianbi Smart enables large-scale model acceleration and application execution using artificial intelligence.

Snow Tech

Seed Round in 2024
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

Series B in 2023
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

Series A in 2023
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

Series A in 2023
Blackpanda provides cyber security services such as cyber incident response, compromise assessment, loss adjusting and investigations, digital forensics, and incident response preparation. Their customers inquiries are addressed through phone, email, and online applications.

Accession Therapeutics

Series A in 2022
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

Series B in 2022
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

Series C in 2022
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

Series A in 2022
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

Seed Round in 2022
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

Series A in 2022
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

Series A in 2022
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

Series B in 2022
Hex Trust is a fully licensed and insured provider of bank-grade custody solutions for digital assets, established in 2017 and headquartered in Sheung Wan, Hong Kong. The company offers a proprietary platform, Hex Safe™, which delivers a range of services including custody, decentralized finance (DeFi), brokerage, and financing solutions tailored for financial institutions, digital asset organizations, corporate clients, and private individuals. Hex Trust aims to facilitate the integration of digital assets into traditional business models while ensuring a secure, scalable, and compliant custody framework. The firm is registered as a Trust Company under the Hong Kong Trust Ordinance and is licensed to provide custodial services in Singapore, adhering to local regulations. With offices in Hong Kong, Singapore, and Vietnam, Hex Trust is actively expanding its presence in Europe and the Middle East.

Robotphoenix

Series D in 2022
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

Seed Round in 2022
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

Series D in 2022
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

Series A in 2022
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

Series B in 2022
Starfield Food Science Technology is a Shenzhen-based company focused on producing plant-based meat products. Established in 2019, it operates its own research and development and manufacturing facilities to create innovative alternatives to traditional meat, utilizing plant proteins. The company is committed to delivering safe, healthy, and environmentally friendly food options while striving to address issues like famine and sustainability. Starfield aims to develop artificial meat products that closely resemble their animal-based counterparts, thereby enhancing consumer acceptance and promoting a transition towards more sustainable dietary choices. Its products are available through various retail outlets and online platforms.

Xbiome

Series B in 2021
Xbiome is a pioneering pharmaceutical company in China focused on intestinal micro-ecology, utilizing artificial intelligence to enhance gut health management for a population of 1.3 billion. The company specializes in developing microbial pharmaceuticals aimed at treating microecological intestinal disorders. By analyzing both patient and donor intestinal flora, Xbiome accelerates the creation of effective treatments. Their innovative approach includes the use of living biological drugs and microbial small molecule modulators, which aim to provide patients with relief from various gastrointestinal diseases.

Avistone Pharmaceuticals

Private Equity Round in 2021
Avistone Pharmaceuticals is a clinical-stage biotechnology company focused on precision oncology therapeutics.

SyMap Medical

Series E in 2021
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

Series C in 2021
Love, Bonito is the best and largest vertically integrated, omni-channel women’s fashion brand in the region. Founded in 2010, she has grown to 150 people strong, proudly headquartered in Singapore with country offices in Indonesia, Malaysia, and Hong Kong and an omni-channel presence across these 4 markets, plus an international e-commerce site that ships globally. Love, Bonito is redefining what retail means - thoughtful, experiential, community-driven - with sights set on becoming the most thoughtful brand globally, for the everyday woman.

Ruigu

Series D in 2021
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

Private Equity Round in 2021
Envision is a global energy internet service provider.

GoTo Group

Funding Round in 2021
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

Seed Round in 2021
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

Series D in 2021
Shukun Technology is a Chinese healthcare company, established in 2017 and based in Beijing, that focuses on developing diagnostic systems utilizing machine learning and artificial intelligence. The company specializes in assisting medical professionals with the diagnosis of cardiovascular diseases and tumors by employing deep learning algorithms to analyze medical images. This technology enables the automatic identification of lesions and the generation of diagnostic reports, thereby enhancing the efficiency of the diagnostic process for doctors and improving the quality of care provided in primary hospitals.

OptoMedic

Series D in 2021
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

Acquisition in 2021
Mead Johnson Nutrition is a manufacturer of infant and children's nutritional products, focusing on meeting the dietary needs of young children. The company provides a range of routine infant formulas, including Enfamil Premium, Enfamil A+, and Enfalac Premium, designed as primary nutrition sources or supplements to breastfeeding. It also offers specialty formulas addressing feeding tolerance issues, such as Enfamil Gentlease for fussiness and Enfamil A.R. for spit-up. Additionally, Mead Johnson produces medical foods for specific dietary management, like Nutramigen for milk protein allergies and Puramino for severe allergies. For older children, it provides nutritional products under brands like Enfagrow and Sustagen. The company also offers prenatal and postnatal supplements for expectant and nursing mothers, pediatric vitamins for infants, and oral electrolyte solutions for hydration. Founded in 1905 and headquartered in Glenview, Illinois, Mead Johnson Nutrition markets its products to mothers, healthcare professionals, and retailers across approximately 50 countries globally, now operating as a subsidiary of Reckitt Benckiser Group.

Dimension

Seed Round in 2021
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.

Jenscare Biotech

Venture Round in 2021
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

Series A in 2021
Analytical Biosciences is a single-cell genome developer that aims to create and apply accurate maps of human diseases. In collaboration with medical research institutions, hospitals, and pharmaceutical companies, we are committed to exploiting the application of single-cell genomics and bioinformatics in the diagnosis and treatment of human diseases. Through large-scale systematic disease single-cell mapping, big data intelligence mining is carried out to help a wide range of partners discover new therapeutic targets and develop new treatment strategies.

Beisen

Series F in 2021
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

Venture Round in 2021
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates a network of convenience stores that focus on community shopping. The company offers a variety of fresh products, including vegetables, fruits, meat, poultry, seafood, and general merchandise. It employs a novel retail model that combines online ordering with offline pick-up, catering to the daily needs of household consumers. In addition to its retail operations, Furong Xingsheng also specializes in B2B logistics and distribution services, enhancing its efficiency in serving the local market.

4Paradigm

Series D in 2021
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

Series C in 2021
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

Series B in 2020
Xbiome is a pioneering pharmaceutical company in China focused on intestinal micro-ecology, utilizing artificial intelligence to enhance gut health management for a population of 1.3 billion. The company specializes in developing microbial pharmaceuticals aimed at treating microecological intestinal disorders. By analyzing both patient and donor intestinal flora, Xbiome accelerates the creation of effective treatments. Their innovative approach includes the use of living biological drugs and microbial small molecule modulators, which aim to provide patients with relief from various gastrointestinal diseases.

Deepinfar Ocean Technology

Series B in 2020
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

Corporate Round in 2020
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates a network of convenience stores that focus on community shopping. The company offers a variety of fresh products, including vegetables, fruits, meat, poultry, seafood, and general merchandise. It employs a novel retail model that combines online ordering with offline pick-up, catering to the daily needs of household consumers. In addition to its retail operations, Furong Xingsheng also specializes in B2B logistics and distribution services, enhancing its efficiency in serving the local market.

Zap Surgical Systems

Private Equity Round in 2020
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.

LBX Pharmacy

Post in 2019
LaoBaiXing offers customers low prices, in-store consultation service and membership programs. New store formats with added focus on health and beauty products are being rolled out. LaoBaiXing was founded in 2001 in Hunan province as a family business. The company is preparing an IPO and expects to be listed in the China A-share market during 2014.

Shijiazhuang Junlebao Dairy

Funding Round in 2019
Shijiazhuang Junlebao Dairy is a prominent dairy products company based in China, specializing in a diverse array of offerings that include fluid milks, flavored milk, yogurt, baby formula, and milk powder. The company has developed a comprehensive operational framework that encompasses the entire dairy industry chain, ensuring coordinated development and a focus on nutrition, health, and safety for its consumers. By prioritizing quality and innovation, Junlebao Dairy aims to meet the growing demand for dairy products in the market while promoting the well-being of its customers.

Danke Apartment

Series D in 2019
Danke Apartment is a prominent internet-enabled apartment management startup based in China, established 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 tailored solutions for both property owners and renters. The company centralizes the operation of apartments sourced from property owners, standardizing their design, renovation, and furnishing. This approach allows Danke Apartment to deliver high-quality, reliable services without the need for physical storefronts, ensuring a seamless online experience for users. Through its innovative rental business model, Danke Apartment continues to redefine how residential rentals are experienced in urban environments.

Ubox

Corporate Round in 2019
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

Series D in 2019
Onion Math is an online education platform.

Danke Apartment

Series C in 2019
Danke Apartment is a prominent internet-enabled apartment management startup based in China, established 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 tailored solutions for both property owners and renters. The company centralizes the operation of apartments sourced from property owners, standardizing their design, renovation, and furnishing. This approach allows Danke Apartment to deliver high-quality, reliable services without the need for physical storefronts, ensuring a seamless online experience for users. Through its innovative rental business model, Danke Apartment continues to redefine how residential rentals are experienced in urban environments.

Hello TransTech

Series G in 2018
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 Gongsi

Funding Round in 2018
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

Series C in 2018
Lufax is a technology-driven personal financial services platform based in China and associated with Ping An Insurance. The company specializes in providing a range of financial services, including wealth management and retail credit facilitation. It offers investment services tailored for institutions and individual investors, focusing on financial asset transactions and transaction financing consulting. Additionally, Lufax provides services related to financial asset allocation and manages a platform for facilitating these transactions, thereby enhancing the efficiency of financial operations for its clients.

ByteDance

Series E in 2018
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

Series B in 2018
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

Series D in 2018
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

Series F in 2018
Souche, a leading automotive new retail platform in China, is founded by Mr. Yao Junhong, the former CAR Inc. founding team member and vice president, in December, 2012. By August 2018, Souche raised over $1.2 billion from investment or ganizations, including Alibaba group, Ant Financial Services Group, Morningside Venture Capital, Warburg Pincus, Primavera Capital Group, etc. Souche joined '2017 New Global Unicorns Ranking' by Silicon Valley global research organization PitchBook. Souche thrives to become the big intelligent brain of automotive industry. Souche has gradually constructed integrated automotive new retail ecosystem through years of development. Souche is regarded as 'the Alibaba of Chinese automotive industry'. Today, Souche and its relative corporations dedicate in numerous businesses, which include automotive financial leasing platform Tangeche, B2B industrial chain service platform Chehang168, Used-car online trade platform Cheyipai, Car sharing customized platform TIHD, SaaS products for used-car automotive dealers Dafengche and new-car sub-channels automotive dealership network Maicheguanjia, automotive dealership group ERP system provider Breakthrough, Kingdee and automotive supply chain warehouse logistics integrated service provider Iyunche, etc.

WorldStrides

Private Equity Round in 2017
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

Series E in 2017
Souche, a leading automotive new retail platform in China, is founded by Mr. Yao Junhong, the former CAR Inc. founding team member and vice president, in December, 2012. By August 2018, Souche raised over $1.2 billion from investment or ganizations, including Alibaba group, Ant Financial Services Group, Morningside Venture Capital, Warburg Pincus, Primavera Capital Group, etc. Souche joined '2017 New Global Unicorns Ranking' by Silicon Valley global research organization PitchBook. Souche thrives to become the big intelligent brain of automotive industry. Souche has gradually constructed integrated automotive new retail ecosystem through years of development. Souche is regarded as 'the Alibaba of Chinese automotive industry'. Today, Souche and its relative corporations dedicate in numerous businesses, which include automotive financial leasing platform Tangeche, B2B industrial chain service platform Chehang168, Used-car online trade platform Cheyipai, Car sharing customized platform TIHD, SaaS products for used-car automotive dealers Dafengche and new-car sub-channels automotive dealership network Maicheguanjia, automotive dealership group ERP system provider Breakthrough, Kingdee and automotive supply chain warehouse logistics integrated service provider Iyunche, etc.

Dashu

Series C in 2017
Dashu Finance is a financial service provider focused on supporting small and micro-business owners through unsecured credit loans sourced from institutional investors. The company offers a range of loan products, including education, corporate credit, rent, and car loans. Utilizing advanced credit analysis based on big data, Dashu aims to deliver tailored financing solutions to enterprises while also equipping traditional financial institutions with credit analysis tools. This dual approach enhances access to credit for small businesses and fosters better financial decision-making within the sector.

Moviebook

Series C in 2017
Moviebook is a Chinese startup based in Beijing that focuses on advanced video recognition and online video technology. The company develops intelligent image production technology tailored for the education, entertainment, and media sectors. By leveraging AI-driven interactive video analytics, Moviebook specializes in structured visual analysis, image synthesis, intelligent video editing, physical action analysis, and scene information recovery. Its innovations aim to enhance user experiences, diversify communication methods, and lower operational costs within the online video industry. Through its commitment to technology and creativity, Moviebook aspires to create a significant impact in the realm of video interaction.

Koubei

Private Equity Round in 2017
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

Private Equity Round in 2016
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

Series B in 2016
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

Series A in 2016
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

Private Equity Round in 2012
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

Series E in 2012
Xunlei Limited is a prominent Internet platform in China that specializes in digital media content and cloud acceleration technologies. Founded in 2003 and headquartered in Shenzhen, the company offers a range of products, including the Xunlei Accelerator, which enhances digital transmission speeds, and cloud acceleration subscription services for premium content delivery. Its mobile application, Mobile Xunlei, allows users to search and download digital media efficiently on mobile devices. Additionally, Xunlei provides the Xunlei Media Player for both online and offline content playback, as well as services related to online gaming, live video streaming, and online advertising. The company has also ventured into blockchain technology, launching applications that have gained significant traction in the market. With a strong focus on technological innovation, Xunlei continues to expand its offerings to enhance user experience and meet the evolving demands for digital content consumption. As of December 2019, its platform attracted approximately 88.3 million monthly unique visitors.
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