Tencent Holdings

Tencent Holdings Limited is a leading internet service provider based in Shenzhen, China, known for its extensive range of value-added services, including online games, social networking, financial technology, and online advertising. Founded in 1998, Tencent operates major platforms such as WeChat and QQ, which facilitate communication, entertainment, and e-commerce for millions of users. The company is recognized as the world's largest video game publisher, with popular titles like Honor of Kings in its portfolio. In addition to its core services, Tencent is involved in the production and distribution of films and television programs, as well as software development and digital content licensing. With a focus on user-oriented strategies, Tencent continues to adapt and expand its offerings, positioning itself as a vital part of daily life for many consumers in China and beyond.

Hongwei Chen

Executive Director of Investment

Martin Lau

President

Jeffrey Li

Managing Partner

Alvin Liu

Co-Founder

Steven Ma

SVP

Danying Ma

Managing Director

Huateng Ma

Co-Founder, Chairman and CEO

Ye Wang

Associate Director, Global Data Intelligence and Data Service, IEG

Bo Wang

Vice President, Tencent Games

Xiaoguang Wu

Senior Executive Vice President and CEO

Yao Xia

Executive Director

Levin Yao

Managing Director, Tencent Investment

Wenlei Zhuang

Vice President of Tencent Cloud and Head of Tencent Cloud Strategic Investment

phil mu

Chief Investment Officer

Dowson Tong

President of Social Network Group, Senior Executive Vice President

Past deals in Asia

Narwal Robotics

Series E in 2025
Narwal Robotics, officially known as Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd., specializes in the design, development, and production of intelligent cleaning robots. Founded in 2016 and headquartered in Dongguan, China, with an additional office in Shenzhen, the company targets the high-end consumer market. Its flagship product, the Narwal T10, is a self-cleaning robot designed for automated mopping and floor cleaning, utilizing advanced navigation positioning, map construction, and structural design. This technology allows for efficient unmanned cleaning services, providing consumers with convenience and effective cleaning solutions.

Chunyu Yisheng

Venture Round in 2024
Chunyu Yisheng, established in 2011 and headquartered in Beijing, is a mobile application designed to enhance communication between physicians and patients. The app allows doctors to access their patients' medical records and facilitates direct interaction, enabling patients to schedule appointments and communicate with their healthcare providers. Additionally, Chunyu Yisheng offers reservation line treatment services, further supporting users in managing their health. The company focuses on leveraging Internet technology to improve health outcomes and streamline the healthcare experience.

Sinovent

Series E in 2024
Sinovent, established in 2016, is a global biopharmaceutical company with headquarters in Suzhou, China, and offices in Beijing, China, and Boston, U.S.A. It specializes in developing advanced treatments for global healthcare challenges, with a focus on oncology, autoimmune diseases, and infectious diseases. Sinovent's portfolio comprises 12 products in various stages of development, leveraging its expertise in science, management, and finance to deliver innovative solutions to patients worldwide.

RedPine Medical

Series C in 2022
RedPine Medical, founded in 2015 and headquartered in Guangzhou, China, specializes in the manufacture of single-use medical endoscopes. The company focuses on providing advanced minimally invasive surgical devices for various applications, including urology, gynecology, ear, nose, and throat (ENT), pneumology, gastroenterology, and general surgeries. By emphasizing innovative solutions, RedPine aims to enhance detection, diagnosis, and treatment in medical settings, positioning itself as a global leader in the field of integrated minimally invasive surgical solutions.

Narwal Robotics

Series C in 2022
Narwal Robotics, officially known as Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd., specializes in the design, development, and production of intelligent cleaning robots. Founded in 2016 and headquartered in Dongguan, China, with an additional office in Shenzhen, the company targets the high-end consumer market. Its flagship product, the Narwal T10, is a self-cleaning robot designed for automated mopping and floor cleaning, utilizing advanced navigation positioning, map construction, and structural design. This technology allows for efficient unmanned cleaning services, providing consumers with convenience and effective cleaning solutions.

Ingeek

Series B in 2022
Shanghai InGeek Cyber Security Co., Ltd., founded in 2002 and headquartered in Shanghai, China, specializes in providing comprehensive services in information, network, and system security. As a subsidiary of Shanghai Yinji Information Technology Co., Ltd., InGeek focuses on promoting Internet of Things security and delivering industry-specific solutions for the communications, financial, and automotive sectors. The company offers a range of services including consulting, implementation, operation, maintenance, and software development, aimed at enhancing network information security. InGeek is committed to advancing the safety and practicality of smart, connected vehicles, thereby contributing to a more secure digital landscape.

Data Pipeline

Venture Round in 2022
Data Pipeline is a Beijing-based company that specializes in streaming data integration services. It offers a comprehensive data infrastructure platform rooted in the DataOps methodology, which encompasses various product offerings including data integration, data fusion, data observability, and data security solutions. The company's platforms are designed to enhance data management across multiple industries such as banking, securities, insurance, energy, and telecommunications. Data Pipeline's system is recognized as a best practice for new data infrastructure and ensures a complete range of functionalities, including collaborative and self-service data discovery, end-to-end data link construction, and continuous data security management. This holistic approach addresses the growing need for robust data solutions in today’s digital landscape.

WeShine Network

Series B in 2022
WeShine Network is a marketing and service platform based in Nanjing, China, established in 2015. The company specializes in providing integrated marketing solutions, primarily utilizing the WeChat platform to facilitate corporate account management for business users. WeShine Network enables enterprises to attract and acquire customers through various channels, enhancing their marketing precision and broadening their customer base. With over 150,000 businesses served and more than 30,000 paid enterprise users, the company has built a substantial presence globally, supported by a network of over 600 channel partners. Its offices are located in major cities such as Guangzhou, Shenzhen, Beijing, Shanghai, Wuxi, and Wuhan.

Quantinfo Technology

Series B in 2021
Quantinfo Technology is a Shanghai-based company, established in 2014, that specializes in providing financial information and technology solutions tailored for capital markets. The firm offers a range of products, including FinOne Backtesting and FinOne Quant Trading, which facilitate the development and execution of quantitative trading strategies. These tools encompass features such as historical market data management, algorithm backtesting, data source aggregation, and risk management. Quantinfo Technology serves various financial sectors, including income, Forex, and precious metals, with a clientele that includes notable institutions like ICBC, Bank of Ningbo, and CITIC Securities. By delivering comprehensive quantitative trading support, the company aids financial institutions in optimizing their trading strategies and operations.

XSKY Data Technology

Series F in 2021
XSKY Data Technology, based in Beijing, specializes in software-defined infrastructure products and services. It offers a range of storage solutions, including XCBS (cloud), XEBS (block), XEUS (unified), XEOS (object), and XEDP (unified data platform), catering to diverse sectors such as finance, telecom, energy, and government. XSKY is a significant contributor to the open-source Ceph storage system, ranking top 3 globally. It partners with leading tech companies like Intel and Samsung, providing scalable, cost-effective storage solutions tailored for enterprise needs.

Moore Threads

Series A in 2021
Moore Threads, founded in 2020 and located in Beijing, China, specializes in the development of Graphics Processing Unit (GPU) technology tailored for various applications, including visual computing, artificial intelligence, and high-performance computing. The company provides advanced GPU technology and services to corporate clients across multiple sectors, such as gaming and the creative industry. Its offerings include solutions for data centers, edge computing servers, professional workstations, and high-performance personal computers, allowing clients to execute complex computational tasks efficiently.

Xiaohongshu

Series E in 2021
Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.

Kadokawa

Post in 2021
Kadokawa Corporation, established in 1945 and headquartered in Tokyo, Japan, operates as a comprehensive entertainment company. It engages primarily in publishing, film production, and digital content businesses, including animation, videos, games, rights, merchandising, and network entertainment services. The company also runs a video-sharing website and offers products and services tailored for global intellectual property expansion and digital transformation.

HeyTea

Series D in 2021
HeyTea is a Chinese tea shop that focuses on innovative beverages, particularly cheese-topped tea and fruit tea. Founded in 2012 in an alley by the riverside, the company initially operated under the name ROYALTEA before rebranding to HEYTEA. The franchise offers a diverse range of products, including instant milk tea, fruit tea, and traditional Chinese tea, aimed at providing customers with unique flavor combinations. Through its distinct offerings, HeyTea has established itself as a prominent player in the tea beverage market.

Xiaopangxiong

Series C in 2021
Xiaopangxiong "The little bear" is part of Shanghai Miju Network Technology Co., Ltd., founded by senior home improvement, senior building materials and senior Internet experts. The company's professional service to the landlord, decoration team leader, decoration company, provide decoration, design, auxiliary materials, main materials, and other one-stop building materials procurement, distribution, and after-sales service.

XVERSE

Angel Round in 2021
XVERSE is a technology company platform that develops 3D user-generated content. It aims to become one of the operating systems (OS) of the true Internet and one of the important content providers. The company is located in Shenzhen, China.

Soul APP

Series D in 2021
Launched in 2016, Soul App is now one of the leading social networking applications in China. With a robust user base among Chinese Gen Z, Soul was designed to empower self-value expression and foster genuine relationships based on interest graphs and AI algorithms. Soul aspires to build a virtual social playground for its users to socialize, connect and maintain relationships free from the geographic and social constraints. Soul is the first social networking platform in China that requires all users to interact through avatars, and has a unique business model driven by the integration of intensive user interactions and an engaging community. Soul distinguishes itself from other peers with focus on virtual identities, open-ended relationships based on interest graphs, extensive user generated content (UGC), decentralized content distribution and its proprietary technologies. Nowadays, Soul pioneers in embracing the AI technologies in the social networking industry to meet the evolving social demand from the younger generation. In 2020, Soul kicked off its AIGC technology R&D. In 2023, Soul launched a proprietary large language model (LLM), Soul X, and has seamlessly embedded AI capabilities across use cases on its platform, which epitomizes Soul's product philosophy of the “Synergic Model-application Interplay”.

Archosaur Games (Zulong Entertainment)

Post in 2021
Zulong Entertainment (stock code: 9990.HK) is a mobile game company in China with the ability to develop premium mobile games and a good market reputation.

Shumei Technology

Series D in 2021
Shumei Technology is a private information technology company based in Wangjing, Beijing, China, founded in 2015. The company offers solutions for financial and online fraud using artificial intelligence and data analytics. It specializes in software-as-a-service (SaaS) and provides AI-based risk control services designed to help businesses and organizations manage and mitigate risks. Shumei Technology focuses on delivering data-driven products and leveraging big data to enhance its service offerings.

Meituan

Post in 2021
Meituan, established in 2010 and headquartered in Beijing, China, operates a comprehensive online platform offering retail and group buying services. It specializes in delivering Chinese food from local restaurants and provides online group discounts for a wide range of sectors, including movies, groceries, restaurants, entertainment, and health/fitness. As of 2020, Meituan holds a dominant 70.7% share in China's food delivery market. Its revenue streams are primarily derived from on-demand services (58%), hotel booking, coupon sales, and advertising (17%), with new initiatives contributing the remaining 25%. These new initiatives, such as community group buying and non-food delivery, are poised to transform Meituan into a broader grocer and logistics business, potentially surpassing food delivery as its primary focus.

Gaussian Robot

Series B in 2021
Gaussian Robot is a company based in Shanghai, China, that specializes in the development and manufacturing of commercial automatic sweeping robots. Founded in 2013, the company offers a range of products designed for various applications, including commercial cleaning robots, unmanned sanitation vehicles, security robot solutions, and building distribution robots. Additionally, Gaussian Robot provides autonomous positioning navigation modules to enhance the functionality of its robotic solutions. Through its innovative approach, the company aims to improve efficiency and effectiveness in commercial cleaning and service automation.

Saint Bella

Series C in 2021
Saint Bella is a prenatal and postpartum care center located in Zhuhai City, China, founded in 2017. The center focuses on providing comprehensive services for mothers and their children, including mother and child care, art therapy, and lunar nursing care. Designed to address the spiritual and physical needs of pregnant women, Saint Bella aims to support mothers in becoming better versions of themselves during the critical 28 days following childbirth. The center not only offers nursing services but also fosters a luxurious lifestyle for mothers and their babies, creating an environment conducive to healing and personal growth.

Ubitus

Venture Round in 2021
Ubitus Inc. is a technology company specializing in cloud computing solutions aimed at enhancing fixed-mobile convergence applications. Founded in 2007 and headquartered in Tokyo, with a research and development center in Taipei, Ubitus develops software platforms that enable device manufacturers and telecommunications service providers to facilitate the sharing of live content and access to digital media. Its notable products include ubiLive, a software client and web portal designed for content access and device connectivity, and robust mobile cloud gaming services. Ubitus is recognized for its innovative GameCloud technology, which allows for the streaming of not only gaming content but also metaverse experiences across multiple devices. The company has established strategic partnerships with major players, such as Alibaba Cloud and Kokusai Kogyo Co. Ltd., enhancing its capability to deliver advanced cloud-enabled rich media services.

Zhejiang Century Huatong Group Company

Post in 2021
Zhejiang Century Huatong Group Company is a diversified enterprise based in China, primarily engaged in three main sectors: internet gaming, automotive parts manufacturing, and artificial intelligence. In the gaming sector, the company develops and publishes a range of online games. In the automotive domain, it focuses on the research, development, production, and sale of plastic and metal stamped parts, serving as a secondary supplier of auto components. Additionally, the company is involved in artificial intelligence cloud data services, brain science research, and the development of metaverse applications, reflecting its commitment to innovation and technological advancement.

Rakuten Group

Post in 2021
Rakuten Group, established in 1997, is a global leader in internet services, operating in over 30 countries. The company offers a wide range of digital services, including e-commerce, telecommunications, fintech, advertising, and artificial intelligence. Its core business is e-commerce, with platforms like Rakuten Ichiba, an internet shopping mall, and Rakuten Travel, an online travel reservation service. Rakuten's fintech services include Rakuten Card, Rakuten Bank, and Rakuten Securities. The company also operates as a mobile network operator in Japan. Rakuten Group's venture capital arm, Rakuten Capital, invests in early to growth-stage companies globally, focusing on e-commerce, mobile services, travel, digital content, and fintech. The company's mission is to "empower people and society" through the internet and become the world's leading internet services company.

Arctic Vision

Series B in 2021
Arctic Vision is a clinical-stage specialty ophthalmology company based in China, focused on developing innovative therapies to meet the unmet clinical needs in ophthalmic diseases. The company boasts a leading portfolio of breakthrough technologies aimed at addressing various eye care challenges in China, Asia, and globally. Established by prominent life sciences investors, Arctic Vision is guided by a team of experienced professionals from the ophthalmic industry, who possess extensive knowledge in research and development as well as commercialization of eye care products. The company's efforts include the development of new ophthalmic medicines, particularly gene therapies, that hold significant commercial potential and aim to improve the recovery outcomes for patients with rare ophthalmic conditions.

Tim Hortons China

Venture Round in 2021
Tim Hortons China is a subsidiary of Tim Hortons Inc., established in 2018 and headquartered in Shanghai. The company operates a chain of coffee restaurants that serve a variety of coffee products alongside food offerings, including made-to-order shrimp sandwiches and salads. Tim Hortons China emphasizes customer service, addressing inquiries through multiple channels such as phone, email, and online applications. The company aims to provide a unique dining experience by blending coffee culture with fresh meal options in the Chinese market.

Furong Xingsheng

Venture Round in 2021
Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

Miaoshou Doctor

Series E in 2021
Miaoshou Doctor is a healthcare service platform established in 2015 by Tao He and Daoliang Han, headquartered in Beijing. The company focuses on facilitating communication between patients and healthcare professionals, enabling effective management of post-diagnosis outcomes. Its platform empowers doctors to actively monitor their patients' health through ongoing counseling and prescription support, enhancing the overall patient care experience. By streamlining interactions and follow-ups, Miaoshou Doctor aims to improve health outcomes and foster better relationships between patients and their healthcare providers.

Xiaobangguihua

Series B in 2021
Xiaobangguihua is an intelligent investment advisory service platform tailored for Chinese middle-class families. The company offers financial management and risk education through personalized consultation plans, enabling clients to make informed investment decisions. Leveraging advanced artificial intelligence algorithms and sophisticated asset allocation models, Xiaobangguihua provides systematic financial solutions aimed at optimizing investment outcomes. Its services include various tools and applications designed to assist users in managing their finances effectively. The company’s mission is to empower individuals to improve their financial literacy and utilize their resources more wisely.

Furong Xingsheng

Venture Round in 2021
Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

WorkTrans

Series D in 2021
WorkTrans is a human resource management software developer based in China. The company offers a platform that supports various training modes and capabilities, enhancing developmental opportunities for its clients. Its software facilitates efficient attendance tracking, mobile scheduling, and unified management, enabling organizations to streamline payroll processing, roster management, recruitment, and training related to attendance. By improving these aspects, WorkTrans aims to enhance recruiting efficiency and overall workforce management for businesses.

DXY

Series E in 2020
DXY is an online healthcare community based in Hangzhou, Zhejiang, China, founded in 2000 by Li Tiantian and Jin Zhang. The company focuses on connecting healthcare professionals, consumers, and organizations through a specialized social media platform that emphasizes pharmaceuticals and life sciences. DXY provides a range of communication software and tools aimed at enhancing productivity among its users. The platform hosts informative articles on the latest medical research and general health advice, facilitating knowledge exchange between physicians and the public. Additionally, DXY offers public health services online and engages in precision digital marketing to further support its community. The company is backed by prominent investors, including Trustbridge Partners and Tencent.

Medbanks

Series E in 2020
Medbanks Network Technology, based in Beijing and founded in 2014, specializes in data processing services tailored for the healthcare sector. The company focuses on developing an oncology database that consolidates clinical and professional medical services, leveraging information collected from hospitals. This initiative enhances the availability of critical data for healthcare providers and researchers. Medbanks plays a significant role in supporting the healthcare industry's need for accurate and comprehensive medical information, thereby contributing to advancements in patient care and treatment methodologies.

Mininglamp

Series E in 2020
MiningLamp is a rapidly growing startup based in Beijing, China, specializing in big data solutions for enterprises. Founded in 2014, the company focuses on developing advanced artificial intelligence technologies tailored for industries with complex knowledge and management needs. MiningLamp assists clients in building knowledge graphs and applying AI to transform data into actionable insights. Its proprietary big data platform, MDP, offers various products, including Data Insight and Business Intelligence Discovery, which enable clients to analyze and leverage both structured and unstructured data. By integrating perceptual and cognitive intelligence, the company facilitates human-machine collaboration and supports organizations in their digital transformation efforts. MiningLamp has successfully delivered solutions to notable clients, including China UnionPay and CCTV, enhancing their operational efficiency and decision-making capabilities.

RootCloud

Series C in 2020
RootCloud is a Beijing-based cloud computing platform founded in 2016, specializing in industrial Internet-of-Things (IoT) applications. It offers a comprehensive solution that encompasses various layers, including connection, platform, and application layers, aimed at enhancing industrial operations. The company primarily serves machine manufacturers, equipment users, government agencies, and social organizations, providing services such as smart manufacturing, research and development, and equipment financing. RootCloud leverages its extensive expertise in IoT and big data to support digital transformation and life-cycle management for large-scale manufacturing enterprises. By delivering service-as-a-service applications on public cloud infrastructure, RootCloud enables clients to improve operational efficiency and product quality, fundamentally reshaping the way industrial enterprises manage their businesses.

FJ Dynamics

Venture Round in 2020
FJ Dynamics is a global robotics company founded in 2017 and headquartered in China. The company specializes in developing digital and autonomous solutions for various sectors, with a strong focus on agriculture and construction. FJ Dynamics integrates advanced technologies such as big data, the Internet of Things, deep learning, unmanned driving, and machine vision to create intelligent logistics robots and innovative agricultural machinery. Their product offerings include intelligent ground robots, terminal unmanned logistics systems, agricultural robots, and high-speed rice transplanters. By enhancing productivity and efficiency in the agricultural industry, FJ Dynamics aims to transform traditional practices through automation and smart technology.

Wizard Games

Venture Round in 2020
Wizard Games high-tech entrepreneurial game company in China.

Waterdrop

Series E in 2020
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

Hefu Noodle

Series D in 2020
Hefu Noodle operates a chain of noodle restaurants in China, specializing in a variety of dishes that include herbal noodle soup, master gravy bolognese, super trotters, matsutake soup, meat sauce noodles, and crab oil shoots. Founded in 2012 and based in Shanghai, the company aims to establish itself as a leading brand in the Chinese-style high-end fast food sector. Hefu Noodle provides a unique dining experience that combines quality meals with traditional Chinese decor and a cozy atmosphere, catering to busy individuals seeking a slow-paced dining option.

VSPN

Series B in 2020
VSPN is an internet sports and cultural media company that focuses its business on e-sports. It provides core marketing and entertainment content operations as its core business, providing brand marketing, artist brokerage, e-sports TV, and e-sports venues. Founded in 2015, Quantum Sports VSPN (Versus Programming Network) and is based in Shanghai, China.

Sogou

Acquisition in 2020
Sogou is a prominent Chinese internet company primarily known for its search engine, Sogou Search, which allows users to search for text, images, music, and maps. Founded in 2004, the company has developed a range of products aimed at enhancing user experience across web and desktop applications. Notably, Sogou Input Method is a cloud-based Chinese language input software that captures contemporary expressions and phrases, creating an extensive vocabulary library that aids users in typing efficiently. Additionally, Sogou offers the Sogou Browser, which employs dual-core technology to enhance online browsing speed and safeguards users from malicious websites. The company primarily operates within China, generating the bulk of its revenue from the domestic market while also providing access to a wealth of content through partnerships, such as with Tencent's Weixin Official Accounts.

XtalPi Technology

Series C in 2020
XtalPi Inc. is a pharmaceutical technology company that focuses on digital drug development solutions, leveraging quantum mechanics and artificial intelligence to enhance the efficiency of drug research and development. Founded in 2014 by a group of quantum physicists at MIT, the company has developed its Intelligent Digital Drug Discovery and Development (ID4) platform, which integrates advanced cloud computing algorithms to aid pharmaceutical firms in critical stages of drug R&D. XtalPi offers various tools, including XtalForc for visual force field calculations, XtalVision for crystal structure predictions, and Renova for platform support of its AI research initiatives. Its comprehensive services encompass crystal structure determination, solid-state testing, small molecule drug design, and collaborations in antibody and peptide research. Based in Cambridge, Massachusetts, with additional offices in China, XtalPi has established strategic partnerships with leading international pharmaceutical companies, demonstrating the broad applicability and recognition of its innovative technologies across the pharmaceutical value chain.

Singleron Biotechnologies

Series A in 2020
Singleron Biotechnologies Ltd. is a molecular diagnostic company specializing in single cell sequencing solutions. Founded in 2018 and based in Nanjing, China, with additional offices and laboratories in Suzhou, the United States, and Germany, the firm develops a range of innovative products, including the Singleron Matrix automated instrument for high-density microwell processing and GEXSCOPE single cell RNA sequencing kits. The company also offers a microfluidic chip for cell partitioning, magnetic beads for cell barcoding, and tools for data analysis such as CeleScope and SynEcoSys, which facilitate the interpretation of single cell sequencing data. Singleron provides services in single cell RNA sequencing, single nucleus RNA sequencing, and bioinformatics analysis, aiming to advance clinical diagnosis, drug development, and health management. The company collaborates with research institutes, hospitals, and pharmaceutical firms primarily in China and the United States, leveraging its exclusive IP license from Yale University to enhance its innovative capabilities in single cell analysis.

Yuanfudao

Series G in 2020
Yuanfudao, founded in 2012, is the largest online live course platform in China, catering to primary and secondary school students. With over 1 million paying users, it provides a comprehensive curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. The platform features live online tutoring conducted by nationally recognized teachers, allowing students to receive quality education from home. By utilizing big data analysis, Yuanfudao enables students to identify their learning weaknesses and engage in targeted learning, thus enhancing their educational outcomes. The combination of its extensive course offerings and a large pool of qualified educators benefits hundreds of thousands of students across the country.

Leyou Technologies Holdings

Acquisition in 2020
Leyou Technologies Holdings Limited is a game development and distribution company headquartered in Admiralty, Hong Kong. Founded in 1998, it specializes in the development and operation of online games, primarily focusing on free-to-play multiplayer titles. The company is best known for its flagship product, Warframe, a science fiction-themed multiplayer action game developed by its subsidiary, Digital Extremes. Leyou also owns several game development studios and employs around 600 full-time staff. In addition to game development, Leyou provides work-for-hire studio services, merchandise sales, marketing support, and consultancy services. The company generates a significant portion of its revenue from sales in Canada, with additional income from China, the United States, and the United Kingdom. Leyou is committed to expanding its portfolio of high-quality games and seeks to acquire additional game studios to enhance its development capabilities.

Waterdrop

Series D in 2020
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

Missfresh

Series E in 2020
Beijing Missfresh E-Commerce Co., Ltd. is an e-commerce platform based in Beijing, China, that specializes in the delivery of fresh grocery products. Founded in November 2014, the company operates a mobile application that allows consumers to conveniently purchase a wide range of items, including fruits, vegetables, dairy products, meat, seafood, beverages, and snacks. Missfresh's services are available in 20 cities across China, providing an integrated online-and-offline shopping experience. The platform emphasizes high-quality fresh food and facilitates quick delivery to customers' doorsteps through its dedicated delivery riders.

Furong Xingsheng

Corporate Round in 2020
Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

Marvelous

Post in 2020
Marvelous Inc. is a Japanese entertainment company headquartered in Tokyo, specializing in the planning, development, and production of a diverse range of content. Founded in 1997, Marvelous engages in the creation and operation of online games for various platforms, including App stores and PCs, as well as the development of home video game software. The company also produces amusement machines and creates audio-visual content, including music and videos, often centered around animation. Additionally, Marvelous is involved in theatrical entertainment, planning and producing stage works and musicals inspired by its gaming and animation properties. Through its various segments, Marvelous aims to cater to market needs and enhance the entertainment experience for its audience.

Soul APP

Series D in 2020
Launched in 2016, Soul App is now one of the leading social networking applications in China. With a robust user base among Chinese Gen Z, Soul was designed to empower self-value expression and foster genuine relationships based on interest graphs and AI algorithms. Soul aspires to build a virtual social playground for its users to socialize, connect and maintain relationships free from the geographic and social constraints. Soul is the first social networking platform in China that requires all users to interact through avatars, and has a unique business model driven by the integration of intensive user interactions and an engaging community. Soul distinguishes itself from other peers with focus on virtual identities, open-ended relationships based on interest graphs, extensive user generated content (UGC), decentralized content distribution and its proprietary technologies. Nowadays, Soul pioneers in embracing the AI technologies in the social networking industry to meet the evolving social demand from the younger generation. In 2020, Soul kicked off its AIGC technology R&D. In 2023, Soul launched a proprietary large language model (LLM), Soul X, and has seamlessly embedded AI capabilities across use cases on its platform, which epitomizes Soul's product philosophy of the “Synergic Model-application Interplay”.

Xigua City

Series B in 2020
Xigua City is a Hangzhou-based education technology company founded in 2013. It operates an online platform offering computer programming lessons tailored for children aged 5-12. The company employs AI and big data to continually enhance its curriculum, teaching services, and learning experience, aiming to cultivate young students' interest in coding languages through engaging, gamified projects. Xigua City partners with experienced program developers to create intuitive teaching styles suitable for young learners.

Huya.com

Post in 2020
Huya Inc. operates a leading game live streaming platform in China, facilitating interactive broadcasts that allow real-time interaction between broadcasters and viewers. Founded in 2011 and headquartered in Guangzhou, Huya provides a diverse array of live streaming content, encompassing a vast library of approximately 3,800 games across various genres, including esports, mobile, and console games, as well as entertainment categories like talent shows and online theater. Additionally, Huya runs Nimo TV, which focuses on game streaming in Southeast Asia and Latin America. The company also engages in online advertising, marketing services, software development, and internet value-added services. As a subsidiary of Tencent, Huya benefits from the support of one of the largest technology companies in China, with Tencent holding a significant equity stake and voting power.

Yuanfudao

Series G in 2020
Yuanfudao, founded in 2012, is the largest online live course platform in China, catering to primary and secondary school students. With over 1 million paying users, it provides a comprehensive curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. The platform features live online tutoring conducted by nationally recognized teachers, allowing students to receive quality education from home. By utilizing big data analysis, Yuanfudao enables students to identify their learning weaknesses and engage in targeted learning, thus enhancing their educational outcomes. The combination of its extensive course offerings and a large pool of qualified educators benefits hundreds of thousands of students across the country.

Mininglamp

Series E in 2020
MiningLamp is a rapidly growing startup based in Beijing, China, specializing in big data solutions for enterprises. Founded in 2014, the company focuses on developing advanced artificial intelligence technologies tailored for industries with complex knowledge and management needs. MiningLamp assists clients in building knowledge graphs and applying AI to transform data into actionable insights. Its proprietary big data platform, MDP, offers various products, including Data Insight and Business Intelligence Discovery, which enable clients to analyze and leverage both structured and unstructured data. By integrating perceptual and cognitive intelligence, the company facilitates human-machine collaboration and supports organizations in their digital transformation efforts. MiningLamp has successfully delivered solutions to notable clients, including China UnionPay and CCTV, enhancing their operational efficiency and decision-making capabilities.

Ke.com

Series D in 2020
KE Holdings Inc., known as Beike, operates a comprehensive platform for housing transactions and services in China, enhancing the user experience through both online and offline channels. Founded in 2001 and headquartered in Beijing, the company facilitates a range of housing-related transactions, including the sale and rental of existing and new homes, home renovation, and real estate financial solutions. Beike operates through its branded Lianjia stores in major cities like Beijing and Shanghai, while also collaborating with various third-party agencies, including franchise partners. The platform aims to create a high-quality ecosystem for real estate services, supporting over 100,000 property agents and reaching more than 200 million households. Additionally, Beike has expanded its offerings internationally, providing services for Chinese families seeking overseas properties across 11 countries. The company's growth strategy includes plans to cover over 300 cities in China and build a robust network of accredited partners.

PlatinumGames

Corporate Round in 2020
PlatinumGames Inc. is a Japanese video game developer founded in 2006 and based in Osaka, Japan. The company specializes in the production of home video games, online games, and downloadable content across various platforms, including PlayStation, Nintendo, Xbox, and PC. PlatinumGames is known for its focus on creating high-quality, engaging gaming experiences, utilizing its expertise in game design, programming, and content delivery to meet the evolving preferences of gamers.

Shumei Technology

Series C in 2020
Shumei Technology is a private information technology company based in Wangjing, Beijing, China, founded in 2015. The company offers solutions for financial and online fraud using artificial intelligence and data analytics. It specializes in software-as-a-service (SaaS) and provides AI-based risk control services designed to help businesses and organizations manage and mitigate risks. Shumei Technology focuses on delivering data-driven products and leveraging big data to enhance its service offerings.

Elpiscience Biopharmaceuticals

Series B in 2019
Elpiscience Biopharmaceuticals Co., Ltd. is a clinical-stage biopharmaceutical company based in Pudong, China, with an additional office in Suzhou. It specializes in developing next-generation immunotherapies aimed at treating cancer. The company boasts a robust pipeline of innovative molecules that target a wide array of challenges in immuno-oncology. Founded by experienced leaders and scientists in the biopharmaceutical field, Elpiscience is committed to advancing at least one innovative molecule into clinical trials each year, with the goal of improving treatment options for cancer patients globally.

Satellogic

Series C in 2019
Satellogic is a company that designs and operates a constellation of nano satellites for high-resolution Earth observation. Founded in 2010 and based in Palo Alto, California, Satellogic provides real-time data streams that support decision-making across various sectors, including government, agriculture, and environmental monitoring. The company's innovative platform allows for the frequent remapping of the planet, delivering detailed imagery for applications such as disaster response, infrastructure monitoring, border security, and illegal logging detection. With a global operational presence across North America, Europe, Asia, and South America, Satellogic primarily generates its revenue from the Asia Pacific region, catering to both governmental and commercial clients.

Vipshop

Venture Round in 2019
Vipshop Holdings Limited is a prominent online discount retailer in China, specializing in offering a wide range of branded products at significant discounts, typically between 10% and 90% off their original prices, through daily flash sales. The company manages various aspects of its operations in-house, including warehousing, retailing, product procurement, software development, and information technology support, while utilizing third-party logistics providers for distribution and shipping. Vipshop sources its branded products primarily through a consignment model, collaborating with over 29,000 global partners as of December 2023. The leadership team includes Eric Ya Shen, who serves as chairman and CEO, holding a substantial portion of voting rights and equity in the company.

Kuaishou Technology

Series F in 2019
Kuaishou Technology, founded in 2011 and based in Beijing, China, operates an online video and photo sharing application known as Kuaishou. The platform enables users to broadcast their daily activities and engage with a global audience through short videos, photos, and live streams. Kuaishou aims to enhance individual happiness by leveraging big data and artificial intelligence technology, promoting equal opportunities through its algorithms and ethical values. The app empowers everyday individuals in China to share their experiences and connect with fans worldwide. Additionally, Kuaishou has an international counterpart, Kwai, which offers similar features tailored for users outside of China. With an average of 275.9 million daily active users, Kuaishou generates revenue by selling virtual items, online marketing, and earning commissions from e-commerce transactions on its platform.

BOSS Zhipin

Series E in 2019
BOSS Zhipin is an online recruitment platform in China in terms of average MAU. BOSS Zhipin are a pioneer in introducing a disruptive model which is transforming China’s online recruitment industry – the Direct Recruitment Model. Our mobile-native product promotes instant direct chats between Bosses and job seekers, delivers accurate recommendation results, and is powered by proprietary AI algorithms and big data insights.

Gaosi Education Group

Series D in 2019
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.

Medbanks

Series D in 2019
Medbanks Network Technology, based in Beijing and founded in 2014, specializes in data processing services tailored for the healthcare sector. The company focuses on developing an oncology database that consolidates clinical and professional medical services, leveraging information collected from hospitals. This initiative enhances the availability of critical data for healthcare providers and researchers. Medbanks plays a significant role in supporting the healthcare industry's need for accurate and comprehensive medical information, thereby contributing to advancements in patient care and treatment methodologies.

Tuhu

Series F in 2019
Tuhu is a prominent integrated online and offline platform for automotive services in China, catering to car owners' diverse needs through a customer-centric model. The company offers same-day or next-day delivery and installation of automobile after-sales products in over 260 cities across mainland China. Tuhu's services are accessible via its website, mobile app, call center, and third-party e-commerce platforms. By streamlining its supply chain and providing a digitalized, on-demand service experience, Tuhu effectively connects car owners, suppliers, and automotive service stores. Its platform accommodates a wide range of passenger vehicle models and fulfills various automotive service demands, including tire and chassis parts replacement, maintenance, repair, and detailing.

Golden Technology

Series B in 2019
Golden Technology is a big data service company based in China that specializes in providing electronic invoicing solutions through blockchain technology. The company has developed a digital invoicing and transaction record-keeping platform designed to serve various sectors, including grocery retailers, parking lots, and restaurants. Its platform offers a range of services such as electronic invoicing, reimbursement, record-keeping, and transaction inspection and management. By leveraging blockchain, Golden Technology aims to provide convenient and cost-effective alternatives to traditional paper-based receipts, enhancing the efficiency and transparency of financial transactions.

Fapiaoer

Series B in 2019
Fapiaoer is a Chinese electronic invoicing service provider under Tencent-backed Chinese project incubator and group-buying platform GaoPeng. Based on a variety of business success stories, with a strong operating, technical, product team, Gao Peng internal restructuring team to provide electronic invoicing services in an effort to create the most convenient and most reasonable electronic invoice preparation, preservation, and reimbursement experience for users. , Tencent and U.S. GROUPON Each group invested 50 million U.S. dollars to develop a group purchasing business company to become: Wechat commercialization project incubation platform, Tencent eco-layout early investment platform, Group purchasing model integration optimization of new e-commerce platform and other three business lines go hand in hand with diversified technology The company, currently Tencent, is the single largest shareholder of Gao Peng.

VIPKid

Series E in 2019
VIPKid is an education technology company that facilitates real-time online English immersion learning for children, primarily in China. Founded in 2013 and launched in 2014, VIPKid connects over 500,000 paying students with more than 60,000 teachers from the United States and Canada. The platform aims to provide an American elementary school experience, allowing Chinese students, especially those in remote areas, to learn English and gain a broader understanding of the world from their homes. VIPKid emphasizes personalized learning to cater to the unique needs of each student, fostering curiosity and cultural exchange. The company has established itself as a market leader in online education in China, attracting significant investments from notable venture capital firms.

Crossingstar Studio

Series A in 2019
Crossingstar Studio, founded in 2016 and based in Hangzhou, China, specializes in the production of comics and the development and publication of mobile games. The company collaborates with authors and game designers to transform their creative concepts into fully realized works, which are subsequently hosted on various external platforms. In addition to producing in-house comic content, Crossingstar Studio is dedicated to fostering a supportive and collaborative work environment, offering employees a range of benefits that enhance their overall experience.

Zhuanzhuan

Series B in 2019
Zhuanzhuan is an online marketplace based in China that specializes in the buying and selling of secondhand goods. Launched in November 2015, it serves as a goods trading unit for 58.com, the country's largest online marketplace. The platform facilitates the trading of secondhand items by providing users with an efficient trading environment and quality assurance services. This approach enables customers to enhance their trading experiences and effectively utilize secondhand goods. Zhuanzhuan aims to streamline the process of secondhand trading, making it accessible and reliable for a broad audience.

Nio

Post in 2019
Nio is a Chinese electric vehicle manufacturer that designs, manufactures, and sells premium smart electric vehicles globally. Founded in 2014, Nio offers a range of SUVs with varying seating capacities, along with innovative charging solutions such as battery swapping services and mobile charging trucks. The company also provides value-added services like insurance packages, maintenance, and roadside assistance. Nio collaborates with industry leaders for autonomous driving technologies and manufactures its vehicles through strategic partnerships. As of 2023, Nio has sold over 160,000 electric vehicles in China alone, capturing approximately 2% of the market share for new energy passenger vehicles.

IngageApp

Series E in 2019
Xiaoshouyi develops software solutions for customer relationship, sales force, and workforce management. IngageApp provides a next-generation CRM solution by leveraging mobile social platform and big data technologies. With its SaaS and PaaS framework, the solution empowers users to engage, sell and provide services to their customers through a seamlessly integrated end-to-end process from marketing automation, sales automation, partner relationship management, to customer and field services. Founded in 2011, in 2017 IngageApp became the first Chinese CRM vendor to be named in Gartner Magic Quadrant for Sales Force Automation (SFA). More than 4,000 companies in over 20 industries use IngageApp to grow their business. Founded by Allan Shi, IngageApp is based in Beijing, China with offices across China and an R&D center in the Silicon Valley. IngageApp has raised several rounds of venture funding from leading investors like Sequoia, Tencent and Matrix Partners.

Webuy Group

Series C in 2019
Webuy Group, established in 2017 and headquartered in Hangzhou, China, operates as a community-based e-commerce platform focused on apparel. The company owns several brands, including Shaking Baby and Haoyiku. Webuy Group utilizes a social e-commerce model that connects consumers with brands through WeChat, China's leading social media application. This platform allows merchants to share product links directly within their social networks, facilitating immediate purchases. By leveraging trust built through these networks, Webuy Group enhances customer engagement and offers features such as quick payment settlements and low return rates. Additionally, the company provides ongoing training to support business improvement, helping partner brands manage inventory effectively while enabling individual merchants to reach their customers more efficiently.

Yijiupi

Series D in 2019
Yijiupi is an e-commerce company based in Wuhu, Anhui, China, founded in September 2014. The company specializes in restructuring the wine supply chain and has expanded its offerings to include a variety of alcoholic beverages and snacks. Yijiupi's platform facilitates the wholesale distribution of premium branded alcoholic products, promoting efficient nationwide distribution channels for liquor stores. Additionally, the company provides warehouse and distribution sharing services, supply chain financial services, and operates offline chains, aiming to serve a broader range of users in the beverage and food industry.

Xiaobangguihua

Series B in 2019
Xiaobangguihua is an intelligent investment advisory service platform tailored for Chinese middle-class families. The company offers financial management and risk education through personalized consultation plans, enabling clients to make informed investment decisions. Leveraging advanced artificial intelligence algorithms and sophisticated asset allocation models, Xiaobangguihua provides systematic financial solutions aimed at optimizing investment outcomes. Its services include various tools and applications designed to assist users in managing their finances effectively. The company’s mission is to empower individuals to improve their financial literacy and utilize their resources more wisely.

Zhihu

Series F in 2019
Zhihu is a prominent Chinese social question-and-answer platform that allows users to seek information by soliciting opinions and insights from individuals rather than relying solely on traditional forum responses. Established to foster a community-driven exchange of knowledge, Zhihu has grown significantly, with a registered user base exceeding 300,000 by early 2012. The company operates primarily within the online content community space, monetizing its services through a combination of paid memberships, advertising, content-commerce solutions, and vocational training offerings. All of its revenue is generated from within China, reflecting its focus on the domestic market and its commitment to providing users with a rich and engaging platform for knowledge sharing.

Linkfin Technology

Series B in 2019
Linkfin Technology is a Shanghai-based auto finance company that specializes in providing auto-backed loans to micro and small businesses, as well as individual customers in China. Established in June 2017, the company offers a range of auto finance-related products and financial technology solutions tailored for microenterprises, financial institutions, and vehicle dealers. Its services include risk management, big data application, marketing, customer acquisition, and product innovation, all aimed at making auto finance services more accessible and cost-effective. With a commitment to enhancing the auto financing experience through technology, Linkfin Technology operates in a rapidly evolving industry, positioning itself as a key player in the Chinese market.

Workec

Series C in 2019
Newdo Technology is a Chinese company committed to creating an enterprise online service platform by building up a humanized enterprise network and raising the efficiency of people's coordination and business operation. EC Client is a major product of the company, where its development process has been certificated by ISO9000. It also acquired 7 software registration rights. It provides online customer services, enterprise-based short messages, calling centers, electronic faxes, and other value-added services. Newdo Technology was founded in April 2007. It obtained angel investments from domestic investors in September 2008, and venture investments in August 2011, from Tencent, a Chinese internet company.

LEJU Robotics

Series B in 2019
Leju Robotics, founded in 2016 and headquartered in Shenzhen, Guangdong, China, specializes in the research, development, marketing, and manufacturing of intelligent humanoid robots. The company has assembled a talented team of professionals in the fields of robotics and artificial intelligence, enabling it to maintain 100% independent intellectual property over its hardware and control systems. Leju Robotics focuses on creating robots that serve various functions, including educational, family, and entertainment purposes, enhancing human-machine interaction. By leveraging proprietary algorithms and core technologies, the company aims to provide innovative solutions that improve personal and educational experiences for users, all while embodying a humanoid appearance and intelligence.

Ziroom

Series B in 2019
Ziroom is a leading provider of apartment rental and residential services in China, established in 2011 in Beijing. Unlike traditional leasing models, Ziroom operates as an online-to-offline (O2O) company specializing in professional housing asset management. It manages over 600,000 properties and serves more than 1.4 million customers across nine major cities, including Beijing, Shanghai, and Shenzhen. The company offers a diverse selection of high-quality, renovated apartments for rent, along with comprehensive residential services such as cleaning, moving, and maintenance. Through its innovative approach, Ziroom has positioned itself as a key player in the long-term rental market in China, catering to the evolving needs of urban residents.

Waterdrop

Series C in 2019
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

HeyTea

Series C in 2019
HeyTea is a Chinese tea shop that focuses on innovative beverages, particularly cheese-topped tea and fruit tea. Founded in 2012 in an alley by the riverside, the company initially operated under the name ROYALTEA before rebranding to HEYTEA. The franchise offers a diverse range of products, including instant milk tea, fruit tea, and traditional Chinese tea, aimed at providing customers with unique flavor combinations. Through its distinct offerings, HeyTea has established itself as a prominent player in the tea beverage market.

Furong Xingsheng

Series A in 2019
Furong Xingsheng is a Chinese company based in Changsha that owns and operates convenience stores. Established in 2009, it specializes in providing B2B logistics and distribution services. The company also functions through its community shopping platform, Xingsheng Youxuan, launched in 2018, which caters to consumers by offering fresh produce, meat, seafood, staples, and general merchandise. This platform employs a unique retail model that combines online ordering with offline pick-up, allowing household consumers to meet their daily needs conveniently through a network of community-based convenience stores.

QTC Care

Series A in 2019
QTC Care, founded in 2013 and headquartered in Shanghai, China, provides a range of medical services both domestically and internationally. The company specializes in preventative care, second opinions, multidisciplinary consultations, and personalized medical solutions tailored to meet the needs of high-end clients. With branches in major cities across the United States, Japan, Singapore, and Europe, QTC Care is dedicated to facilitating access to quality healthcare worldwide. It has established partnerships with over 600 renowned medical institutions and thousands of top-tier medical professionals, positioning itself as a leader in the globalization of medical services. The company's offerings include remote consultations, online diagnoses, and educational resources, particularly focused on cancer care, ensuring that patients receive comprehensive treatment and support from exceptional healthcare providers globally.

Tangdou

Series C in 2019
Tangdou is a Chinese company that specializes in providing online dance lessons, particularly for senior citizens. Headquartered in China, Tangdou operates a mobile application that allows users to watch and upload dance videos. This platform enables users to learn a variety of dance styles from the convenience of their homes, catering specifically to the interests and needs of older adults. Through its innovative approach, Tangdou aims to promote physical activity and social engagement among seniors, enhancing their quality of life through dance.

Mininglamp

Series D in 2019
MiningLamp is a rapidly growing startup based in Beijing, China, specializing in big data solutions for enterprises. Founded in 2014, the company focuses on developing advanced artificial intelligence technologies tailored for industries with complex knowledge and management needs. MiningLamp assists clients in building knowledge graphs and applying AI to transform data into actionable insights. Its proprietary big data platform, MDP, offers various products, including Data Insight and Business Intelligence Discovery, which enable clients to analyze and leverage both structured and unstructured data. By integrating perceptual and cognitive intelligence, the company facilitates human-machine collaboration and supports organizations in their digital transformation efforts. MiningLamp has successfully delivered solutions to notable clients, including China UnionPay and CCTV, enhancing their operational efficiency and decision-making capabilities.

Waterdrop

Series B in 2019
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

Ke.com

Series D in 2019
KE Holdings Inc., known as Beike, operates a comprehensive platform for housing transactions and services in China, enhancing the user experience through both online and offline channels. Founded in 2001 and headquartered in Beijing, the company facilitates a range of housing-related transactions, including the sale and rental of existing and new homes, home renovation, and real estate financial solutions. Beike operates through its branded Lianjia stores in major cities like Beijing and Shanghai, while also collaborating with various third-party agencies, including franchise partners. The platform aims to create a high-quality ecosystem for real estate services, supporting over 100,000 property agents and reaching more than 200 million households. Additionally, Beike has expanded its offerings internationally, providing services for Chinese families seeking overseas properties across 11 countries. The company's growth strategy includes plans to cover over 300 cities in China and build a robust network of accredited partners.

Sea

Post in 2019
Sea is a consumer internet company focused on enhancing the lives of consumers and small businesses in Southeast Asia through technology. Its primary businesses include Shopee, Garena, and SeaMoney. Shopee, the largest e-commerce platform in the region by gross merchandise value and transaction volume, operates as a hybrid C2C and B2C marketplace across eight key markets, with Indonesia being the largest contributor. Originally founded as a gaming company, Garena has evolved significantly, with its game Free Fire becoming the most downloaded game in early 2022 and a major revenue driver. SeaMoney complements these ventures by offering financial services, including lending, which is expected to grow in significance within the company’s portfolio. Through these diverse business lines, Sea aims to capitalize on the burgeoning digital economy in Southeast Asia.

AutoAI

Series A in 2019
AutoAI Technology Co., Ltd. is a developer and operator of advanced navigation technologies for connected vehicles, primarily focusing on the automobile industry. Established in 2018 and based in Beijing, China, the company creates a comprehensive platform that integrates various Internet services into vehicles. Its offerings include telematics components, a vehicle-optimized Android operating system, and cloud-based technologies for data acquisition, storage, and analysis. AutoAI's software solutions enhance dashboard computers with integrated navigation, entertainment, voice control, and driver assistance functions. Additionally, it provides services such as real-time weather updates, traffic information, parking solutions, fueling options, and insurance services, positioning itself at the forefront of intelligent, self-driving vehicle technology. AutoAI operates as a subsidiary of NavInfo Co., Ltd.

Yuanfudao

Series F in 2018
Yuanfudao, founded in 2012, is the largest online live course platform in China, catering to primary and secondary school students. With over 1 million paying users, it provides a comprehensive curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. The platform features live online tutoring conducted by nationally recognized teachers, allowing students to receive quality education from home. By utilizing big data analysis, Yuanfudao enables students to identify their learning weaknesses and engage in targeted learning, thus enhancing their educational outcomes. The combination of its extensive course offerings and a large pool of qualified educators benefits hundreds of thousands of students across the country.

Medbanks

Series D in 2018
Medbanks Network Technology, based in Beijing and founded in 2014, specializes in data processing services tailored for the healthcare sector. The company focuses on developing an oncology database that consolidates clinical and professional medical services, leveraging information collected from hospitals. This initiative enhances the availability of critical data for healthcare providers and researchers. Medbanks plays a significant role in supporting the healthcare industry's need for accurate and comprehensive medical information, thereby contributing to advancements in patient care and treatment methodologies.

G7

Private Equity Round in 2018
G7 is a company that specializes in fleet management systems aimed at optimizing the transportation ecosystem. With a significant installation base of 800,000 cargo vehicles across China, G7 utilizes proprietary hardware devices to gather and analyze data for logistics companies and drivers. The company's platform enables businesses to locate and monitor transportation vehicles, track driver behaviors, and estimate departure and arrival times. Additionally, G7 provides detailed insights on route optimization, fuel consumption, and cargo conditions, such as temperature and humidity, which helps corporate clients and business owners enhance the efficiency of their transportation networks.

Crossingstar Studio

Series A in 2018
Crossingstar Studio, founded in 2016 and based in Hangzhou, China, specializes in the production of comics and the development and publication of mobile games. The company collaborates with authors and game designers to transform their creative concepts into fully realized works, which are subsequently hosted on various external platforms. In addition to producing in-house comic content, Crossingstar Studio is dedicated to fostering a supportive and collaborative work environment, offering employees a range of benefits that enhance their overall experience.

Peilian.com

Series C in 2018
Peilian.com is an online music tutoring platform established in 2014 and headquartered in Shanghai, China. Founded by Ge Jialin, an accomplished accordion player with extensive teaching experience, the company specializes in offering one-on-one music lessons for various instruments, including piano, violin, guzheng, and accordion. Peilian.com utilizes technology to connect students with tutors through devices such as computer tablets, iPads, and mobile phones, facilitating personalized instruction in a convenient and accessible manner.

Momenta

Series C in 2018
Momenta is an autonomous driving startup based in Beijing that specializes in developing advanced software solutions for full autonomy in vehicles. The company leverages deep learning technologies for perception, high-definition semantic mapping, and data-driven path planning, providing multi-level autonomous driving solutions alongside big data products and services. Momenta's team includes leading experts in computer vision and deep learning, contributing to the company's innovative approach to autonomous driving. Their technology is designed to enhance driving efficiency and safety, aiming to improve the overall experience for users through artificial intelligence.

Linklogis

Series C in 2018
Linklogis Inc is a technology solution provider specializing in supply chain finance in China. The company develops a financial service platform that leverages big data, artificial intelligence, and blockchain technologies to facilitate direct connections between asset providers and funding sources. This enables small-sized companies to access financing more conveniently. Linklogis operates in two primary segments: Supply Chain Finance Technology Solutions and Emerging Solutions. The Supply Chain Finance Technology Solutions encompass products like Anchor Cloud and FI Cloud, while Emerging Solutions include offerings such as Crossborder Cloud and SME credit technology solutions. By focusing on practical applications and innovative technologies, Linklogis aims to enhance the efficiency of supply chain financial services in the market.

Yijiupi

Series D in 2018
Yijiupi is an e-commerce company based in Wuhu, Anhui, China, founded in September 2014. The company specializes in restructuring the wine supply chain and has expanded its offerings to include a variety of alcoholic beverages and snacks. Yijiupi's platform facilitates the wholesale distribution of premium branded alcoholic products, promoting efficient nationwide distribution channels for liquor stores. Additionally, the company provides warehouse and distribution sharing services, supply chain financial services, and operates offline chains, aiming to serve a broader range of users in the beverage and food industry.

Tuhu

Series E in 2018
Tuhu is a prominent integrated online and offline platform for automotive services in China, catering to car owners' diverse needs through a customer-centric model. The company offers same-day or next-day delivery and installation of automobile after-sales products in over 260 cities across mainland China. Tuhu's services are accessible via its website, mobile app, call center, and third-party e-commerce platforms. By streamlining its supply chain and providing a digitalized, on-demand service experience, Tuhu effectively connects car owners, suppliers, and automotive service stores. Its platform accommodates a wide range of passenger vehicle models and fulfills various automotive service demands, including tire and chassis parts replacement, maintenance, repair, and detailing.
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