Source Code Capital

Source Code Capital, established in 2014, is a prominent venture capital firm based in China, specializing in the Technology, Media, and Telecommunications (TMT) sectors. With approximately $1.5 billion USD and RMB 3.5 billion under management, the company invests in both early-stage startups and growth-stage companies, focusing on three key areas: Internet+, AI+, and Global+. Their portfolio spans across various sectors, including media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare. Since its inception, Source Code Capital has successfully partnered with nearly 150 leading Chinese technology founders, such as Bytedance and Meituan. The firm offers a comprehensive range of post-investment services, mentorship, resources, and global perspectives to support its portfolio companies and their founders.

Kaisi Chang Ph.D

Executive Director

Runze Chen

Executive Director

Dandan Chen

Executive Director

Wu Fan

Managing Director

Yiwen Hao

Vice President

Yungang (Samuel) Huang

Partner

Li Lulin

Investor

Di Wang

Managing Director

Wu Jian

Partner

Tong Xiang

Partner

Lei Xin

Vice President

Di Yuan

Partner

Past deals in HoReCa

Guduwai Chinese Hamburger

Series A in 2025
Guduwai Chinese Hamburger is a brand of Hunan Guduwai Catering Management. It combines traditional pastry craftsmanship with modern hamburger forms.

Xiweiying Dumplings and Claypots

Series A in 2025
Xiweiying Dumplings and Claypots is a Chinese fast food brand which provides customers with a healthy and delicious dining experience

Chayan Yuese

Series A in 2019
ChaYanYueSe is a prominent milk tea franchise based in Changsha, China, established in mid-2014. It is recognized as the first milk tea brand in the country to embrace a traditional Chinese style, offering a unique cultural approach to its beverage offerings. The franchise specializes in a variety of crafted beverages, including cream-topped tea lattes and milk tea, aimed at delivering an innovative and enjoyable tea-drinking experience. ChaYanYueSe operates from its headquarters located on Huangxing Pedestrian Street and provides comprehensive information on franchise opportunities, including fees and discounts, through its official website.

Canyin Laoban Neican

Series A in 2016
Canyin Laoban Neican is a platform for the operation and management of catering enterprises. They provide systematic knowledge services for catering experts. They offer course modules such as store operation courses and product practical courses that endow catering operators with multi-dimensional capabilities such as data capabilities, product capabilities, operation management capabilities, brand capabilities, supply chain capabilities, and chain operation capabilities, and provide community connections, in-depth consultation, and innovative services.

Jiaoer Waimai

Series A in 2014
Fast Food Chain Focused on Sichuan Cuisine
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