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.

Yi (Charlie) Cao

Managing Partner

Chang Kaisi

Partner

Runze Chen

Executive Director

Chen Hao

Investment Professional

Dandan Chen

Executive Director

Past deals in Trading Platform

CassTime

Series D in 2022
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. The company operates a comprehensive trading platform that offers full coverage of spare parts, facilitating transactions between buyers and sellers. In addition to its marketplace, CassTime provides a software-as-a-service (SaaS) management system tailored for automotive workshops, enhancing operational efficiency. The company also engages in supply chain finance and offers logistics services, ensuring streamlined processes for its users. By delivering detailed information on vehicle parts and supporting simpler settlements and aftersales services, CassTime enables a complete business-to-business transaction experience in the auto parts sector.

YunQuNa

Series D in 2021
YunQuNa is an online portal that offers logistics trading and services on a global scale. It provides logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.

JuLive.com

Series C in 2021
Julive is a new house transaction service platform.

CassTime

Series C in 2020
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. The company operates a comprehensive trading platform that offers full coverage of spare parts, facilitating transactions between buyers and sellers. In addition to its marketplace, CassTime provides a software-as-a-service (SaaS) management system tailored for automotive workshops, enhancing operational efficiency. The company also engages in supply chain finance and offers logistics services, ensuring streamlined processes for its users. By delivering detailed information on vehicle parts and supporting simpler settlements and aftersales services, CassTime enables a complete business-to-business transaction experience in the auto parts sector.

Wanwu Dezhi

Series C in 2020
The Wanwu Dezhi app is an e-commerce platform that offers a wide range of mobile Internet services, including Wenwan handicraft transactions, expert online treasure appraisal, and the Guofeng life community. It is dedicated to breaking down industry barriers and using the transparency of the Internet to establish and improve industry standards and efficiency. It provides users with cost-effective and high-quality cultural and entertainment products and a high-quality shopping experience through its three core services of live streaming, bidding, and one-price (distribution), while also providing a large number of commodities and a convenient online trading platform for merchants to buy and sell goods.

Wanwu Dezhi

Series B in 2020
The Wanwu Dezhi app is an e-commerce platform that offers a wide range of mobile Internet services, including Wenwan handicraft transactions, expert online treasure appraisal, and the Guofeng life community. It is dedicated to breaking down industry barriers and using the transparency of the Internet to establish and improve industry standards and efficiency. It provides users with cost-effective and high-quality cultural and entertainment products and a high-quality shopping experience through its three core services of live streaming, bidding, and one-price (distribution), while also providing a large number of commodities and a convenient online trading platform for merchants to buy and sell goods.

CassTime

Series C in 2019
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. The company operates a comprehensive trading platform that offers full coverage of spare parts, facilitating transactions between buyers and sellers. In addition to its marketplace, CassTime provides a software-as-a-service (SaaS) management system tailored for automotive workshops, enhancing operational efficiency. The company also engages in supply chain finance and offers logistics services, ensuring streamlined processes for its users. By delivering detailed information on vehicle parts and supporting simpler settlements and aftersales services, CassTime enables a complete business-to-business transaction experience in the auto parts sector.

YunQuNa

Series C in 2019
YunQuNa is an online portal that offers logistics trading and services on a global scale. It provides logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.

Zhangshangfucai

Series A in 2019
Zhangshangfucai is an online B2B trading platform specializing in building materials for decoration. The company connects customers directly with manufacturers and suppliers, facilitating the procurement of over one thousand types of commonly used construction materials. By streamlining the purchasing process, Zhangshangfucai enables timely delivery of online orders, ensuring that clients have access to essential auxiliary materials for their projects.

YunQuNa

Series B in 2019
YunQuNa is an online portal that offers logistics trading and services on a global scale. It provides logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.

Ruigu

Series B in 2018
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.

Zhangshangfucai

Series A in 2018
Zhangshangfucai is an online B2B trading platform specializing in building materials for decoration. The company connects customers directly with manufacturers and suppliers, facilitating the procurement of over one thousand types of commonly used construction materials. By streamlining the purchasing process, Zhangshangfucai enables timely delivery of online orders, ensuring that clients have access to essential auxiliary materials for their projects.

Bthub

Angel Round in 2018
Bthub Inc. is a Singapore-based company established in 2018 that specializes in the development of a cryptocurrency price comparison application. This application enables users to compare cryptocurrency prices across different exchanges, presenting them with the lowest available prices. Founded by a team of professionals with expertise in financial technology and quantitative trading, Bthub positions itself as a leading liquidity provider in the cryptocurrency sector. The company seeks to leverage established liquidity management and quantitative trading solutions from the foreign exchange market to enhance the emerging cryptocurrency industry. Bthub provides liquidity aggregation and quantitative trading services to digital asset exchanges and professional traders, aiming to optimize trading efficiency and enhance market access.

JuLive.com

Series B in 2018
Julive is a new house transaction service platform.

Cheduoduo

Series A in 2018
Cheduoduo is a Beijing-based company that operates a used car trading platform designed to connect used car dealers with consumers. The platform facilitates the buying and selling process by offering a range of services, including vehicle management, after-sale services, insurance, testing, evaluation, and extended warranty options. By providing these comprehensive services, Cheduoduo aims to streamline the used car market, making it easier for clients to navigate their transactions while ensuring a higher level of support throughout the process.

Zskuaixiao

Series B in 2018
Zskuaixiao is a business-to-business consumer goods distributing platform founded in 2016 and headquartered in Guangzhou, China. The company specializes in facilitating the distribution of consumer products between manufacturers and retailers. As of February 2020, Zskuaixiao operates as a subsidiary of Beijing Yijiupi E-Commerce Co., Ltd., enhancing its capabilities within the e-commerce sector.

Huishoubao

Series B in 2017
Huishoubao is a Shenzhen-based start-up specializing in mobile phone recycling. The company operates a platform that facilitates the refurbishment of used mobile phones, catering to both individual customers and second-hand mobile phone dealers. Huishoubao's team comprises experts from various fields, including the internet, supply chain, and the mobile phone industry, allowing them to leverage a comprehensive understanding of the mobile phone retail and recycling landscape. The platform enables customers to recycle their used devices and trade them for a predetermined value while salvaging parts from lower-quality devices for refurbishment. This approach underscores Huishoubao's commitment to sustainable practices in the mobile phone market.

Ruigu

Series B in 2017
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.

Zhangshangfucai

Seed Round in 2017
Zhangshangfucai is an online B2B trading platform specializing in building materials for decoration. The company connects customers directly with manufacturers and suppliers, facilitating the procurement of over one thousand types of commonly used construction materials. By streamlining the purchasing process, Zhangshangfucai enables timely delivery of online orders, ensuring that clients have access to essential auxiliary materials for their projects.

Lean Work

Series A in 2016
Lean Work HK Limited operates an online financial trading platform tailored for brokers in the foreign exchange and bullion markets. Founded in 2014 and headquartered in Shanghai, the company offers a suite of services including Broker Work, a customized back office management system, and Trader Account, a client portal that facilitates basic online business services for traders. Additionally, Lean Work provides Dealer Work, a risk hedging system that utilizes cloud architecture and features a user-friendly graphical interface accessible via web browsers. The company also supplies cloud hosting services, designed to enhance operational efficiency for financial brokers and traders alike.

Che300

Series B in 2016
Che300.com operates as a leading platform for used-car appraisal in China, akin to Kelly’s Blue Book in the United States. With a penetration rate exceeding 90% in the Chinese car dealer market, it serves as the exclusive appraisal data provider for numerous online marketplaces. The platform offers a comprehensive trading service that includes price and condition information for second-hand cars, enhancing transparency for consumers. Additionally, Che300.com provides financial services and insurance products to facilitate transactions, solidifying its role as a vital resource in the used-car market.

Ruigu

Series A in 2016
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.

Haoche51.com

Series B in 2015
It is a Beijing based online used car trading platform Haoche51.com

Uban

Series A in 2015
Uban is a Beijing-based company that offers an online platform for office leasing and trading services. The platform connects property owners, corporate customers, and brokers, facilitating the rental process and providing comprehensive follow-up services. By streamlining these interactions, Uban enables clients to access a range of real estate-related services through a single portal, enhancing the efficiency and effectiveness of office rental transactions.

kongkonghu.com

Series B in 2015
Kongkonghu operates a mobile community transaction platform that specializes in high-end leisure products for women. The platform connects buyers and sellers, facilitating the sale and purchase of unused items. By enabling users to shop for their desired products online, Kongkonghu provides a convenient marketplace tailored to women's interests in luxury leisure goods.

Huishoubao

Angel Round in 2015
Huishoubao is a Shenzhen-based start-up specializing in mobile phone recycling. The company operates a platform that facilitates the refurbishment of used mobile phones, catering to both individual customers and second-hand mobile phone dealers. Huishoubao's team comprises experts from various fields, including the internet, supply chain, and the mobile phone industry, allowing them to leverage a comprehensive understanding of the mobile phone retail and recycling landscape. The platform enables customers to recycle their used devices and trade them for a predetermined value while salvaging parts from lower-quality devices for refurbishment. This approach underscores Huishoubao's commitment to sustainable practices in the mobile phone market.

Zhaomei.com

Angel Round in 2015
Zhaomei.com is a B2B e-commerce platform focused on the coal market in China, providing upstream coal enterprises with comprehensive supply chain services. The company facilitates transactions and enhances operational efficiency through digital systems that manage production, transportation, and marketing processes. Zhaomei.com leverages advanced technologies, including the Internet of Things, cloud computing, big data, and artificial intelligence, to develop leading supply chain solutions within the coal industry. By offering tools for industry consulting and market indexing, Zhaomei.com aims to create an intelligent and safe operational environment for coal companies, enabling effective interaction between sellers and buyers through its platform.

Che300

Series A in 2015
Che300.com operates as a leading platform for used-car appraisal in China, akin to Kelly’s Blue Book in the United States. With a penetration rate exceeding 90% in the Chinese car dealer market, it serves as the exclusive appraisal data provider for numerous online marketplaces. The platform offers a comprehensive trading service that includes price and condition information for second-hand cars, enhancing transparency for consumers. Additionally, Che300.com provides financial services and insurance products to facilitate transactions, solidifying its role as a vital resource in the used-car market.

kongkonghu.com

Series A in 2015
Kongkonghu operates a mobile community transaction platform that specializes in high-end leisure products for women. The platform connects buyers and sellers, facilitating the sale and purchase of unused items. By enabling users to shop for their desired products online, Kongkonghu provides a convenient marketplace tailored to women's interests in luxury leisure goods.

WHmall

Series A in 2015
WHmall operates as a trading platform specializing in specialty chemicals. It provides an online platform designed to facilitate logistical management services, focusing on the chemical sector. The platform features trading capabilities that enable the efficient matching of supply and demand for resources and raw materials. By streamlining these processes, WHmall aims to enhance the flow of materials in the industry, contributing to better resource management and operational efficiency.

Kakao

Series A in 2015
CRM and trading platform for real-estate agents

Lean Work

Angel Round in 2014
Lean Work HK Limited operates an online financial trading platform tailored for brokers in the foreign exchange and bullion markets. Founded in 2014 and headquartered in Shanghai, the company offers a suite of services including Broker Work, a customized back office management system, and Trader Account, a client portal that facilitates basic online business services for traders. Additionally, Lean Work provides Dealer Work, a risk hedging system that utilizes cloud architecture and features a user-friendly graphical interface accessible via web browsers. The company also supplies cloud hosting services, designed to enhance operational efficiency for financial brokers and traders alike.

RiceQuant

Angel Round in 2014
RiceQuant is a developer of advanced quantitative asset management systems based in China. The company specializes in creating a platform that integrates financial data, investment research, portfolio optimization, and performance attribution, emphasizing the synergy between financial business scenarios and cutting-edge technology. By connecting quantitative traders and financial experts with financial institutions, RiceQuant facilitates the optimization of trading strategies through its innovative solutions. The company's focus on quantitative methodologies positions it as a leader in the asset management industry, aiming to transform traditional investment practices.

Haoche51.com

Series A in 2014
It is a Beijing based online used car trading platform Haoche51.com

YunQuNa

Series A in 2014
YunQuNa is an online portal that offers logistics trading and services on a global scale. It provides logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.
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