Russia-China Investment Fund

The Russia-China Investment Fund (RCIF), established in June 2012, is a private equity fund based in Moscow, focusing on enhancing bilateral economic cooperation between Russia and China. Founded by the Russian Direct Investment Fund and China Investment Corporation, the fund originally secured $2 billion in commitments from these government-backed entities, with potential additional funding from international institutional investors. RCIF primarily invests in infrastructure and tourism, as well as sectors such as agriculture, mining, telecommunications, healthcare, oil and gas, energy, manufacturing, and services. The fund allocates at least 70% of its capital to projects in Russia and CIS countries, while up to 30% is directed towards investments in China. Its management team comprises seasoned investment professionals with extensive expertise in the Russian and Chinese markets.

14 past transactions

Eruditor Group

Debt Financing in 2021
Eruditor Group is an online marketplace that connects customers with a variety of professional service providers, including private tutors, sports coaches, beauty specialists, medical professionals, and repair technicians. Founded in 2005 and headquartered in Moscow, Russia, the company operates under several brands, such as Infodoctor, Kracemasters, and Vash Repetitor. Eruditor Group serves clients across major cities in Russia, Ukraine, and Kazakhstan, facilitating access to essential services in sectors like healthcare, beauty, sports, and education.

Biren Technology

Series B in 2021
Biren Technology is a high-tech startup specializing in the design and development of intelligent processors for GPU and DSA computation architectures. The company offers a range of integrated software and hardware solutions aimed at enhancing intelligent computing capabilities, with applications in cloud computing, artificial intelligence training, graphics rendering, and high-performance general-purpose computing. Their hardware department focuses on creating versatile and specific computing solutions, while the software division is led by experienced professionals and engineers. Additionally, their research institute is dedicated to advancing new intelligent computing system technologies, particularly in innovative architectures and advanced compilation techniques. Through these efforts, Biren Technology aims to enable customers to utilize domestic chip solutions and achieve significant technological advancements across various high-tech sectors.

Algorithmics

Private Equity Round in 2021
Algorithmics is an educational service provider focused on teaching coding and programming to children aged 6 to 17. The organization combines offline and online learning to help students create video games, cartoons, and various IT projects, fostering skills in STEM fields. Through its courses, Algorithmics emphasizes the development of critical thinking, logical reasoning, teamwork, and project planning abilities. The curriculum is designed to prepare children for future challenges, equipping them with creative and analytical skills that will benefit them in any profession they choose. The engaging and playful approach to learning aims to instill a strong foundation in mathematics and programming, ultimately promoting success in school and beyond.

MiningLamp

Series E in 2020
MiningLamp is a rapidly growing startup based in Beijing, China, established in 2014, specializing in big data solutions for enterprises. The company focuses on advanced applications of artificial intelligence in industries characterized by high knowledge and management complexity. MiningLamp assists clients in building their own knowledge graphs and leveraging artificial intelligence to transform data into actionable insights. By integrating perceptual and cognitive intelligence, it facilitates collaboration among people, machines, and organizations through multi-modal artificial intelligence and big data technologies. Its offerings include a self-developed big data platform that provides tools for data insight, business intelligence discovery, and data association analysis, enabling clients to effectively analyze and utilize both structured and unstructured data. Notable clients include China UnionPay, CCTV, and China Postal Savings Bank, showcasing MiningLamp's capability to enhance decision-making and operational efficiency, ultimately supporting digital transformation initiatives.

FineEx

Series D in 2020
FineEx is a prominent logistics service provider that focuses on e-commerce warehouse logistics and supply chain integration for brand owners and distributors. The company has established a nationwide logistics platform that combines warehousing and distribution services, leveraging a robust national warehousing network. By utilizing self-developed logistics systems and advanced technology, FineEx aims to enhance operational efficiency for both e-commerce and traditional retail businesses. Their services are designed to help enterprises reduce warehousing costs, improve turnover rates, and increase delivery efficiency, ultimately enhancing the overall customer experience.

Codemao

Series C in 2019
Codemao is an online education platform focused on teaching children computer coding through an engaging and interactive approach. Founded in 2015 by Tianchi Li and Yue Sun in Shenzhen, Guangdong, the platform utilizes a proprietary visual programming tool that allows students to create games, software, animations, and stories. By incorporating gamification into its curriculum, Codemao aims to make learning programming enjoyable and effective, catering to the unique learning characteristics of children. The platform not only emphasizes programming skills but also fosters logical thinking, creativity, and teamwork among young learners. Through its dynamic online community and game-based courses, Codemao provides a comprehensive educational experience that combines digital knowledge with various disciplines.

Tencent Trusted Doctors

Series C in 2019
Tencent Trusted Doctors, a company established in early August 2018 upon the merger of Tencent Doctorwork and Trusted Doctors, is acquiring the start-up in an attempt to create a private healthcare network that provides both online and offline services through the so-called "celebrity effect".

SoYoung

Series E in 2018
The Beijing-based company, which has seen 10 million downloads of its SoYoung app, is trying to enlist 200 clinics and thousands of plastic surgeons to its platform within three years as the industry in China faces less policy restrictions than traditional medical procedures, such as heart operations. It’s trying to tap an aesthetic medical services market forecast to double to $11.3 billion over the next five years, according to a prospectus from Union Medical Healthcare Ltd.

GoGoX

Series D in 2018
GoGoX, established in 2013, is a pioneering app-based platform for intra-city logistics in Asia, focused on providing efficient delivery services through innovative technology. The company connects individuals and businesses with thousands of drivers for real-time delivery needs, enhancing the everyday delivery experience. Originally launched in Hong Kong, GoGoX has expanded its operations to Singapore, South Korea, Mainland China, Taiwan, and India, with plans for further global growth. The company operates under two main brands: Kuaigou Dache in Mainland China and GoGoX in other Asian regions. Following a merger with 58 Suyun in 2017, GoGoX significantly increased its footprint in the logistics market, now serving over 300 cities and boasting a network of more than 8 million registered drivers. The platform offers features like instant matching and real-time tracking, facilitating a seamless connection between cargo van drivers and users, thus providing a convenient delivery experience while creating business opportunities for drivers.

MEGVII

Series C in 2017
Megvii, founded in 2011, is an artificial intelligence company that specializes in intelligent solutions and data services for enterprises and developers. The company is focused on its mission to create machines capable of seeing and thinking, leveraging its deep learning system, Brain++. Megvii aims to build a comprehensive AI engine that serves as the foundational technology for various applications. It connects standardized hardware, such as sensors and personal devices, with artificial intelligence and the Internet of Things (AIoT), commercializing three main application areas: Consumer IoT, City IoT, and Supply Chain IoT. By integrating hardware and software solutions, Megvii enables clients to efficiently establish AI infrastructure tailored to their needs, positioning itself as an expert in AIoT solutions.

Zhaogang.com

Series F in 2017
Zhaogang.com is a website that is specialized in steel trading information services for buyers and suppliers. Zhaogang.com obtained ten millions of dollars in angel funding at the end of 2011. It was launched in 2012.

Detsky Mir

Private Equity Round in 2014
Detsky Mir is a prominent retailer specializing in children's goods. The company operates a chain of retail departmental stores that offer a wide range of products, including toys, clothing, footwear, baby goods, stationery, art and craft sets, sporting goods, car seats, and furniture. Its focus on providing a comprehensive selection of items caters to the needs of families with children, making it a key player in the children's retail market.
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