Peter Fang

Partner

Christine Lang

Partner

Lee Kai-Fu

Co-Founder, Chairman and CEO

Lei Liang

Partner

Bob Ren

Executive Director

Bobing Ren

Executive Director and General Manager, Frontier Tech Fund

Bob Ren

Executive Director

Tina Tao

President and Partner

Ning Tao

President and Partner

Jenny Wang

Co-Founder of AI Institute

Hua Wang

Co-Founder and Managing Partner

Nero Wang

Executive Director

Jiaping Wang

Research Partner

Ricky Wong

Senior Investment Manager

Peter Wu

Partner

Hao Xiong Ph.D

Partner and General Manager, Southern China

Xiaolong Yang

Senior Partner

Lijun Zhang

Partner

Eagle Zhang

Partner

Eagle Zhang

Partner

Ruan Xi

Investment Director

Past deals in Beijing

Megarobo

Series C in 2022
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Megarobo

Corporate Round in 2021
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Megarobo

Series B in 2021
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Megarobo

Series B in 2020
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Yidebang

Series B in 2019
Yidebang is a Beijing-based healthcare software developer, which provides management solution, drug supply, hierarchical diagnosis and treatment and other supporting medical services for basic-level clinics in China.

ZaiLouXia

Series A in 2018
Beijing Zailouxia Technology Co., Ltd. specializes in the operation of unmanned convenience stores and public refrigerators, focusing on enhancing access to fresh food products. The company provides a self-service shopping experience that allows customers to conveniently purchase snacks, fresh produce, and groceries. By implementing a reliable food supply chain, Zailouxia aims to improve community security and reduce costs associated with delivery and packaging. This innovative approach not only caters to consumer needs but also supports the overall livelihood of the community by making fresh food more accessible.

Win-Win Group

Series A in 2018
Financial technology company based in Beijing,providing mobile payment solutions for new retail software and hardware manufacturers.

Gaosi Education Group

Series C in 2017
Gaosi Education Group is a Chinese educational institution specializing in extracurricular tutoring for middle and primary school students. Founded in December 2009, it is headquartered in Beijing's Haidian District. The group focuses on gifted education, offering tailored courses for students from primary through junior high school. It features personalized one-on-one teaching centers and emphasizes mathematics competitions as a key component of its curriculum. With nearly 10,000 students enrolled, Gaosi Education Group employs around 100 full-time teachers and staff dedicated to teaching and research.

BITMAIN

Series A in 2017
Bitmain is a leading manufacturer of Bitcoin mining hardware, specializing in the development and sale of miners utilizing ASIC chip technology. Founded by pioneers in the digital currency sector, the company is staffed by a team of skilled engineers, financial experts, and cryptocurrency enthusiasts. Headquartered in Beijing, Bitmain also maintains offices in cities such as San Francisco, Tel Aviv, Hong Kong, Chengdu, and Shenzhen. The company focuses on providing high-quality, efficient computing solutions, including high-density server equipment and large-scale parallel computing software, to support the cryptocurrency mining industry.

MagMode

Series B in 2017
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

Momenta

Series B in 2017
Momenta is an autonomous driving startup operating out of Beijing. Its deep-learning-based software in perception, HD semantic mapping, and data-driven path planning enables the realization of full autonomy. Momenta offer multi-level autonomous driving solutions as well as big data products and services. Momenta’s team is composed of experts in computer vision and deep learning, including one of the authors of Faster R-CNN and ResNet, the most popular deep learning network, as well as winners of ImageNet 2015, MS COCO Challenge 2015, and ImageNet 2017. The company is leading the autonomous driving software space with advanced technical competence and a strong commitment to innovation.

Meituan Bike

Series E in 2017
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Xiaolu Clinic

Series B in 2017
Xiaolu Clinic is an online platform that connects consumers with providers of traditional Chinese medicine. Founded in 2016 and based in Beijing, the clinic offers consultancy services for patients dealing with chronic diseases and sub-optimal health, utilizing herbal remedies and dietary enhancements typical of traditional Chinese practices. Users can receive evaluations from qualified traditional Chinese medicine doctors, purchase herbal products online, and benefit from treatment monitoring and post-treatment analysis. Additionally, Xiaolu Clinic provides health management services to employees of major corporations, facilitating better health outcomes through its innovative medical platform. This platform also enhances communication between patients, health professionals, and hospitals, improving the overall efficiency of medical information exchange.

Meituan Bike

Series D in 2017
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Withwheat

Series A in 2016
Withwheat is a bakery chain that focuses on producing high-quality European-style soft bread and a variety of baked goods, including pastries and fruit cakes. The brand is known for its commitment to health-conscious baking, utilizing significantly lower amounts of sugar and oil compared to traditional bread, and avoiding preservatives, trans fats, and artificial flavors. This emphasis on quality and health has resulted in strong consumer demand. Withwheat operates micro shops throughout Beijing, allowing for efficient distribution of its products to a wide audience.

4Paradigm

Series A in 2016
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.

MagMode

Series A in 2016
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

Momenta

Series A in 2016
Momenta is an autonomous driving startup operating out of Beijing. Its deep-learning-based software in perception, HD semantic mapping, and data-driven path planning enables the realization of full autonomy. Momenta offer multi-level autonomous driving solutions as well as big data products and services. Momenta’s team is composed of experts in computer vision and deep learning, including one of the authors of Faster R-CNN and ResNet, the most popular deep learning network, as well as winners of ImageNet 2015, MS COCO Challenge 2015, and ImageNet 2017. The company is leading the autonomous driving software space with advanced technical competence and a strong commitment to innovation.

Meituan Bike

Series C in 2016
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Meituan Bike

Series B in 2016
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Withwheat

Angel Round in 2016
Withwheat is a bakery chain that focuses on producing high-quality European-style soft bread and a variety of baked goods, including pastries and fruit cakes. The brand is known for its commitment to health-conscious baking, utilizing significantly lower amounts of sugar and oil compared to traditional bread, and avoiding preservatives, trans fats, and artificial flavors. This emphasis on quality and health has resulted in strong consumer demand. Withwheat operates micro shops throughout Beijing, allowing for efficient distribution of its products to a wide audience.

Bubi

Seed Round in 2016
Bubi (Beijing) Network Technology Co., Ltd., established in 2013 and headquartered in Beijing, China, specializes in the innovation of blockchain technology and products. The company holds numerous patents related to blockchain key technologies and has developed a highly extensible and efficient service platform capable of supporting millions of users. This platform is utilized across various sectors, including digital assets, stock and bond markets, trade finance, supply chain management, credit, notarial certification, and data security. Bubi is actively engaged in developing trials and proofs of concept with exchange markets and banks, aiming to deliver tailored blockchain solutions that meet diverse business needs.

Xingkeduo

Series A in 2015
Xingkeduo is a contemporary hair salon brand based in Beijing, China, that leverages technology to enhance the haircut experience. Established in 2015, the company operates nearly 100 stores and employs over 320 hairdressers. By utilizing Internet tools and big data systems, Xingkeduo standardizes store operations and improves data management, which allows it to offer efficient services to a broad user base. The franchise focuses on providing quick hair styling and cutting services, with an emphasis on 15-minute appointments that can be booked and paid for through WeChat. This approach not only streamlines the customer experience but also aims to improve the livelihoods of the hairdressers involved.

Smellme

Series A in 2015
SmellMe, developed by Beijing McGrady Information Technology Co., Ltd., is a leading mobile application designed for pet owners. It serves as the largest pet community platform, allowing users to document and share their pets' lives while accessing valuable information about pet care. The app offers a range of features, including connections to veterinarians, grooming services, and adoption resources, enabling users to find essential pet-related services easily. By compiling and analyzing data on various aspects of pet health and training, SmellMe provides personalized recommendations to help users manage their pets' well-being effectively. This comprehensive approach simplifies pet ownership and fosters a supportive community for pet enthusiasts.

IM30

Angel Round in 2015
IM30 develops interesting, social strategy games that are long-lasting and enjoyable. It was founded in March 2015 by a team with experience at some of the world's largest gaming and internet companies. IM30 is based in Beijing, China, and is interested in what a good game is and how to make one.

Xingkeduo

Seed Round in 2015
Xingkeduo is a contemporary hair salon brand based in Beijing, China, that leverages technology to enhance the haircut experience. Established in 2015, the company operates nearly 100 stores and employs over 320 hairdressers. By utilizing Internet tools and big data systems, Xingkeduo standardizes store operations and improves data management, which allows it to offer efficient services to a broad user base. The franchise focuses on providing quick hair styling and cutting services, with an emphasis on 15-minute appointments that can be booked and paid for through WeChat. This approach not only streamlines the customer experience but also aims to improve the livelihoods of the hairdressers involved.

DewMobile

Series B in 2014
DewMobile Inc. is an internet corporation based in Beijing, China, specializing in the development of applications for various platforms, including Windows, Android, iOS, and Windows Phone. Founded in 2012, the company is best known for its flagship product, Zapya, a cross-platform sharing app that enables rapid wireless transfer of files between devices without the need for cables. This focus on innovative solutions for file sharing positions DewMobile as a key player in the global app market.

Tiantian Yongche

Series A in 2014
Tiantian Yongche is a carpool and ridesharing app. Tiantian Yongche currently operates in Beijing, Shanghai, Guangzhou, Hangzhou, Tianjin, Chengdu, and a handful of smaller cities.

Wandoujia

Series B in 2014
Wandoujia is a prominent mobile entertainment search engine based in Beijing, China, that significantly influences the mobile internet landscape. Established in 2010, the platform has been installed over 350 million times, with daily new installations surpassing 800,000. Wandoujia's extensive search index encompasses over one million options across various content categories, including apps, videos, ebooks, wallpapers, music, and themes, sourced from more than 130 content providers. The company has pioneered mobile search products that enhance user discovery and consumption of content. Additionally, Wandoujia has formed successful international partnerships that facilitate the entry of foreign applications into the Chinese market, collaborating with well-known developers such as Flipboard and Evernote. The company also publishes a monthly report titled "The Mobile Search Index," which highlights trends in mobile search within China. With a dedicated team of over 250 employees, Wandoujia continues to innovate in the realm of mobile applications and distribution.

DewMobile

Series A in 2013
DewMobile Inc. is an internet corporation based in Beijing, China, specializing in the development of applications for various platforms, including Windows, Android, iOS, and Windows Phone. Founded in 2012, the company is best known for its flagship product, Zapya, a cross-platform sharing app that enables rapid wireless transfer of files between devices without the need for cables. This focus on innovative solutions for file sharing positions DewMobile as a key player in the global app market.

Beijing Elex Technology

Series A in 2012
Beijing Elex Technology Co., Ltd., founded in 2008 and headquartered in Beijing, is a prominent game developer and provider of interactive entertainment and internet services. The company operates branches and research centers in St. Paul, Nanjing, and Hefei, catering to non-English speaking markets across over 30 countries in Asia-Pacific, Europe, and Latin America. Elex specializes in social, browser, and mobile games, boasting a user base of more than 40 million globally. As a leading social game developer in Asia, Elex is known for popular titles such as "Happy Harvest" and "City Life," which have performed well on various platforms, including localized ones across different regions. The company has also made significant strides in mobile gaming since establishing its wireless department in 2011, developing successful titles like "Clash of Kings" and "The Walking Dead: Survivors." Elex is dedicated to delivering high-quality gaming experiences and localized services, while also focusing on the evolution of the gaming industry through initiatives such as its collaboration with Tencent on the game cloud computing research platform, "Xing Cloud."

AVOS Systems

Series A in 2012
AVOS Systems is an Internet company founded by YouTube co-founders Chad Hurley and Steve Chen, headquartered in San Mateo, California, with additional offices in Beijing and Dunedin. The company focuses on developing a video sharing application that allows users to collaboratively create and edit videos by remixing public video clips, eliminating the need for original content. This innovative approach simplifies the video creation process, making it accessible to a wider audience. AVOS Systems is dedicated to producing high-quality products that enhance the everyday lives of its users while maintaining a commitment to excellence in both its offerings and its team.

Doodle Mobile

Series A in 2011
Doodle Mobile Ltd. is a Chinese company established in 2010 that specializes in the development and publication of mobile social games for the Android platform. The company has created a social gaming network known as Doodle Game Center, which allows users to connect and play games together. Doodle Mobile has launched nearly a hundred game products, including popular titles such as Restaurant Live, Dino Island, Fast Racing 3D, and Monster Smash, covering various genres from competitive games to puzzles and casual entertainment. With a user base exceeding 400 million globally, Doodle Mobile operates research and development centers in Beijing and Shanghai and employs around 100 staff members, all contributing to its innovative approach in the mobile gaming industry.

Umeng+

Series A in 2011
Umeng+ is a Beijing-based startup providing mobile application analytics solutions. Umeng+ is focused on providing professional mobile-applied statistics analysis tools, utility components, and promotion services for developers in China. The company has helped many mobile development teams better understand users' needs and individual developers promote their products. Umeng+ currently owns a professional team of more than 90 people who are from IT companies such as Google, Baidu, Sohu, Samsung, etc. In 2016 Umeng, CNZZ, and Diyuanxin (缔元信) was merged to form Umeng+ (友盟+).

Wandoujia

Series A in 2011
Wandoujia is a prominent mobile entertainment search engine based in Beijing, China, that significantly influences the mobile internet landscape. Established in 2010, the platform has been installed over 350 million times, with daily new installations surpassing 800,000. Wandoujia's extensive search index encompasses over one million options across various content categories, including apps, videos, ebooks, wallpapers, music, and themes, sourced from more than 130 content providers. The company has pioneered mobile search products that enhance user discovery and consumption of content. Additionally, Wandoujia has formed successful international partnerships that facilitate the entry of foreign applications into the Chinese market, collaborating with well-known developers such as Flipboard and Evernote. The company also publishes a monthly report titled "The Mobile Search Index," which highlights trends in mobile search within China. With a dedicated team of over 250 employees, Wandoujia continues to innovate in the realm of mobile applications and distribution.

Dianxin

Series A in 2011
Dianxin (点心移动) is a Chinese company providing intelligent terminal integrated solutions based on mobile internet. Established in 2010, (Beijing Wind Spirit Science and Technology Co., Ltd) is the first incubator company of Innovation Works that was under the leadership of Dr. Li Kaifu. It is committed to the professional development of Android applications, enhancing system functions such as integration capability, availability, and security of clouds in the operating system level. The company’s main products include baidu mobile guards (the original android optimized master), DX Home, DX-Power Manager, and more. The baidu mobile guards have accumulated more than 200 million loyal users. It also received ten million US dollars as Round A investment from Kanchenjunga Venture Capital in March 2011 and the accumulative total number of its users exceeded 100 million in February 2013.
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