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.

Ben Feder

President, International Partnerships (North America)

Jeffrey Li

Managing Partner

Alvin Liu

Co-Founder

Steven Ma

SVP

James Mitchell

Chief Strategy Officer

David Wallerstein

Chief Exploration Officer

Ye Wang

Associate Director, Global Data Intelligence and Data Service, IEG

Yao Xia

Executive Director

Levin Yao

Managing Director, Tencent Investment

Wenlei Zhuang

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

Past deals in China

Mogu Zhixing

Series C in 2023
Mogu Zhixing is a software as a service (SaaS) connected cars platform launched in November 2017 by a Chinese company whose name can be translated as "Zhidao Network Technology Co." Leveraging its "hardware plus operating system plus application" service model, the company primarily provides a range of services like locating and tracking vehicles, generating traveling data and searching for car maintenance.

PuduTech

Series C in 2023
PuduTech takes catering industry as an entry point, and helps this traditional industry catch the first tide of Artificial Intelligence Era. They powers catering clients with robots to restructure their work flow, such as facilitating intelligent management, effective operation and standardized servicing. To liberate the attendants from laborious work, and let the robots do the job, is the mission of PuduTech.

Jaguar Microsystems

Series B in 2022
Jaguar Microsystems is a technology company founded by Dr. Sunny Siu in 2020, specializing in cloud computing and data processing solutions for data centers. The company develops data processing unit (DPU) chips that enhance the efficiency of data processing, with a particular emphasis on accelerated Remote Direct Memory Access (RDMA) and RoCE technologies. Jaguar Microsystems targets domestic cloud service providers, telecommunications, and Internet service providers, while also expanding its offerings to meet the demands of the global market.

Yuanyin Bio

Series A in 2022
Yuanyin Bio is a biotechnology company focuses on the research and application of circular RNA technology in the field of innovative drugs and therapies, builds a robust pipeline of preventive and therapeutic new drugs, and is dedicated to addressing clinically unmet disease needs. They serve in the field of innovative drugs and therapies. It establishes a pipeline of preventive and therapeutic new drugs and is committed to solving clinically unmet disease needs.

ShadowBot

Series C in 2022
ShadowBot specializes in creating software robots that automate repetitive online tasks. Its technology simulates human operations, allowing the robot to perform actions such as mouse clicks, keyboard input, and information retrieval across various applications. By integrating this automation into business processes, ShadowBot enables enterprises to enhance their efficiency and productivity, ultimately streamlining operations and reducing the time spent on routine tasks.

Wuzhi Intelligence

Seed Round in 2022
Wuzhi Intelligence is a technology company that specializes in artificial intelligence, security orchestration, automation, and response. They produce products for finance, operators, energy, tobacco, automobile manufacturing, and other industries.

Ingeek

Series B in 2022
Shanghai InGeek Cyber Security Co., Ltd, founded in 2002 and headquartered in Shanghai, China, specializes in information, network, and system security services. As a subsidiary of Shanghai Yinji Information Technology Co., Ltd, InGeek focuses on consulting, implementation, operation, maintenance, and software development related to cybersecurity. The company is committed to enhancing Internet of Things (IoT) security and provides industry-specific network information security products and comprehensive security solutions primarily for the communications, financial, and automotive sectors. InGeek aims to create a safer and smarter environment for connected vehicles, promoting innovation in technology while ensuring robust protection against cyber threats.

Wavarts

Venture Round in 2022
Wavarts Technologies specializes in delivering software and hardware solutions for the audio and video production industries. The company provides a range of technologies that adhere to both domestic and international standards, including AVS, EVD, IEEE, and IEC. Wavarts serves various content production and distribution sectors, encompassing movies, television programs, music, games, and playback devices such as mobile phones, televisions, set-top boxes, earphones, computers, automobiles, and theaters. Through its offerings, Wavarts assists clients in advancing research and development, standardization, and the industrialization of audio technologies.

Juwan Technology

Series A in 2022
Juwan Technology Research is a high-tech private enterprise that designs and builds battery and battery pack production capacity. The company focuses on the research and development, manufacturing, sales, and service of super fast charging power batteries, as well as a new generation of breakthrough energy storage devices and systems.

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 integration platform that encompasses various components, including data fusion, observability, discovery, and security operations. The company's solutions are grounded in the DataOps concept, aiming to enhance data infrastructure across multiple industries, such as banking, securities, insurance, energy, and telecommunications. Data Pipeline's offerings are designed to facilitate collaborative and self-service data discovery, enable end-to-end data link construction, and ensure continuous data security management throughout the data lifecycle. Its products have been recognized as best practices in modern data infrastructure, positioning the company as a key player in the data integration sector.

Nutshell Therapeutics

Series A in 2022
Nutshell Therapeuticstein drug discovery platform, composed of a well-integrated set of computational modules and experimental tools based on a proprietary AI algorithm and deep know-how derived from biochemistry and biophysics, possesses the capability to discover a host of drug entities, including various types of protein activators and subtype/mutation-selective small molecules.

SpeedFox

Series A in 2022
SpeedFox is an artificial intelligence company focused on innovating household cleaning and water technology. Originally starting with hot water bottles, the company has expanded its product range to include kitchen and storage supplies, along with various household electrical appliances. One of its notable developments is a smart cleaning appliance that combines vacuuming, sweeping, and mopping functions into a single device, designed for efficient cleaning of hard surfaces like wood and tile floors. SpeedFox collaborates with several leading suppliers to enhance its supply chain, contributing to its growth and the popularity of its diverse product offerings in both household and outdoor living categories.

ShadowBot

Private Equity Round in 2022
ShadowBot specializes in creating software robots that automate repetitive online tasks. Its technology simulates human operations, allowing the robot to perform actions such as mouse clicks, keyboard input, and information retrieval across various applications. By integrating this automation into business processes, ShadowBot enables enterprises to enhance their efficiency and productivity, ultimately streamlining operations and reducing the time spent on routine tasks.

WeShine

Series B in 2022
WeShine is a marketing and service platform that specializes in corporate account management solutions, primarily utilizing WeChat to enhance customer acquisition for businesses. Established in 2015 and headquartered in Nanjing, China, WeShine has successfully served over 150,000 businesses, with more than 30,000 of these being paid enterprise users. The platform focuses on integrated marketing and media services that leverage social media to enable mobile interaction and digital content sharing, helping clients to expand their customer base and improve marketing accuracy. With a global network of over 600 channel partners, WeShine operates offices in several major Chinese cities, including Guangzhou, Shenzhen, Beijing, Shanghai, Wuxi, and Wuhan.

Guoxin Technology

Post in 2022
Suzhou Guoxin is an embedded CPU and SoC chip R&D and manufacturer. It has formed several series of C*Core embedded CPU cores with its own intellectual property rights, as well as SoC chip design platforms for different applications, which can be applied to information security, intelligent Power grid, financial security, e-government, industrial control, office automation and other fields.

Quantinfo Technology

Series B in 2021
Quantinfo Technology is a financial information and technology company based in Shanghai, China, founded in 2014. The company specializes in providing quantitative trading solutions for financial institutions, focusing on electronic trading services that include market data cleansing, trading strategy development, execution, and risk management. Its flagship products, FinOne Backtesting and FinOne Quant Trading, offer tools for developing quantitative trading strategies, managing historical market data, and conducting backtesting. The firm serves various markets, including income, Forex, and precious metals, and counts major banks and financial institutions among its clients, such as ICBC and CITIC Securities. Through its comprehensive offerings, Quantinfo Technology enables clients to enhance their trading capabilities and achieve better market outcomes.

XSKY Data Technology

Series F in 2021
XSKY Beijing Data Technology Corporation Limited is a Chinese company that specializes in software-defined infrastructure products and services aimed at delivering innovative storage solutions for enterprises. By integrating internet carrier operations and mainstream open-source technologies, XSKY offers scalable storage solutions that facilitate cost-effective horizontal expansion for data centers. The company is a significant contributor to the open-source storage system Ceph, ranking among the top three globally and leading in China for source code contributions. Additionally, XSKY is the exclusive storage solution partner of Red Hat China and collaborates with major IT companies like Intel, Samsung, Dell, and Mellanox. Its products are utilized by early adopters in various sectors, including financial services, transportation, telecommunications, and energy, highlighting its commitment to enhancing data management and infrastructure innovation.

Vision Medicals

Series D in 2021
Vision Medicals specializes in pathogenic gene diagnostic services, aiming to enhance medical treatment precision for infections. The company utilizes advanced technologies such as high-throughput sequencing-based pathogen metagenomics and CRISPR for rapid diagnostics, significantly improving the ability to detect clinical pathogens and reducing reporting times. Vision Medicals has developed proprietary nucleic acid enrichment technology to identify pathogenic micronucleic acids in clinical samples. By leveraging an extensive database of pathogen detection, the company has established a comprehensive pathogen macro, supported by a genomics intelligent analysis and reporting system. Through its focus on research and development, Vision Medicals seeks to lead the medical diagnostic industry with innovative detection technology platforms that enhance the efficiency and accuracy of medical diagnoses.

Freda Biological

Venture Round in 2021
Freda Bio is a research and development company of hyaluronic acid skin care products. It owns a number of hyaluronic acid skin care brands including Yilian. It provides skin rejuvenation series, hyaluronic acid moisturizing series, fresh nourishing whitening series, bang moisturizing series, high Moisturizing series, snail series, muscle source series, hyaluronic acid liquid series and other products.

Moore Threads

Series A in 2021
Moore Threads, founded in 2020 and based in Beijing, China, specializes in developing Graphics Processing Unit (GPU) technology and services. The company focuses on enabling visual computing, artificial intelligence, and high-performance computing applications for a diverse range of sectors, including gaming and the creative industry. By providing advanced GPU technology and services for data centers, edge computing servers, professional workstations, and high-performance PCs, Moore Threads helps clients achieve significant computational power for their processes.

Xiaohongshu

Series E in 2021
Xiaohongshu, founded in 2013 and based in Shanghai, is a lifestyle sharing platform that facilitates the exchange of experiences through text, images, and videos. Initially created to assist overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle topics, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform allows users to post their favorite products, share shopping experiences, and discover global merchandise, particularly in the luxury and fashion sectors. It serves as both a social network and a social e-commerce platform, enabling users to review and purchase products from abroad.

EasyTransfer

Series C in 2021
EasyTransfer is a leading online tuition payment services platform designed specifically for international students and their families. Trusted by over 280,000 users, it processes more than $3 billion in transactions annually. The platform facilitates cross-border money transfers, making it easy for students to send and receive funds while studying abroad. EasyTransfer collaborates with notable partners such as Tencent, UnionPay, and Cashfree Payments, and is the exclusive international education payment service on WeChat. With a team of over 100 professionals fluent in various languages, the platform provides a user-friendly interface that allows for seamless transactions and real-time tracking of payments and compliance paperwork. Additionally, EasyTransfer employs advanced technology, including proprietary anti-money laundering systems, to ensure secure and efficient service, allowing transactions to be completed swiftly, often within an hour. The platform also offers a transparent bank market exchange rate with no markup, enhancing its appeal to users seeking reliable financial solutions for their educational needs.

Da Shi Wisdom

Venture Round in 2021
Da Shi Wisdom is engaged in 3D modeling, model application, and semantic analysis. The field of cultural heritage understanding and digital protection has absolute technological advantages and a wealth of practical experience. They own a number of patents in computer graphics, computer graphics, geospatial data acquisition and processing, new smart sensors, machine learning, and cloud computing.

PuduTech

Series C in 2021
PuduTech takes catering industry as an entry point, and helps this traditional industry catch the first tide of Artificial Intelligence Era. They powers catering clients with robots to restructure their work flow, such as facilitating intelligent management, effective operation and standardized servicing. To liberate the attendants from laborious work, and let the robots do the job, is the mission of PuduTech.

Dalezhuang

Seed Round in 2021
Dalezhuang is a digital technology integration platform that focuses on the home improvement sector. The company offers a cloud-based architectural design software that assists design engineers in completing their projects, ranging from floor plans to assembly design models. By leveraging this platform, clients can enhance their design work efficiency, streamlining the overall design process and improving project outcomes.

Kuaikan Manhua

Series F in 2021
Kuaikan Manhua is an online and mobile platform for original online comic artwork targeting young readers. Founded in 2014, Kuaikan Manhua is a comic-reading platform and community of interest that is popular among users. As of January 2019, the total number of users of the comics app is over 170 million, and the monthly users are over 40 million, and the market share in the comics market is more than half*. Kuaikan World’s vision is to build an ideal ecosystem of cultural-entertainment in the future, as well as bring happiness to the world. Kuaikan aims to help comic creators to create more widely-popular comics with positive, energetic and warm contents to millions of users.

Yipin Fresh

Venture Round in 2021
Yipin Fresh is the distributor of fresh and discounted food products.

HeyTea

Series D in 2021
HeyTea is a Chinese tea shop that specializes in cheese-topped tea and fruit tea. In 2012, HEYTEA originated from an alley in the riverside. Originally known as ROYALTEA , the royal tea was completely upgraded to the registered brand HEYTEA.

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.

Weilong Foods

Series A in 2021
Weilong Foods is a snack food brand that produces and manufactures spicy noodles, dried seafood, and other series of snack foods. The company was founded in 1999 by Liu Weiping and Liu Fuping in Luohe, Henan Province.
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.

QingCi Digital

Venture Round in 2021
QingCi Digital provides mobile game players with an unmatched gaming experience and interactive content. They develop and manage roguelike RPGs and casual games. They offer a range of games, such as endless adventure, Ares virus, lanterns and dungeons, the marvelous snail, and more.

WakeData

Series B in 2021
WakeData is a provider of comprehensive big data services designed for offline enterprises. The company specializes in integrating online and offline data to enhance operational efficiency and facilitate digital transformation for its clients. By leveraging technologies such as WiFi probes, camera face recognition, and user online behavior analysis, WakeData enables businesses to optimize their customer management and marketing strategies. This approach shifts enterprise IT from merely supporting business operations to driving them, transforming traditional marketing methods into targeted digital campaigns. Through its innovative solutions, WakeData aims to unlock the full value of offline data, contributing to more effective decision-making and management in the retail sector.

Shumei Technology

Series D in 2021
Shumei Technology is an information technology company that provides an AI-based business risk control for companies and organizations. It specializes in SaaS, AI-based risk control service network, data-driven products, and bigdata. The company was founded in 2015 and headquartered in Wangjing, Beijing, China.

Meituan

Post in 2021
Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors. Wang Xing founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.

Fiture

Series B in 2021
Fiture, a fitness technology company, is redefining the home fitness scenarios through intelligent hardware and AI-empowered fitness content.

Gaussian Robot

Series B in 2021
Gaussian Robot, founded in 2013 and headquartered in Shanghai, China, specializes in the development of commercial automatic sweeping robots. The company offers a range of products including automatic cleaning robots, unmanned sanitation vehicles, security robot solutions, and building distribution robots. Additionally, Gaussian Robot incorporates advanced autonomous positioning navigation modules into its offerings, aiming to enhance operational efficiency in various commercial settings.

Inssent

Series A in 2021
Inssent provides comprehensive equity solutions tailored for companies at various stages, including startups and pre-IPO firms. Their services encompass expert equity consulting and the inX equity management system, which integrates online equity administration, incentive plan implementation, and equity transfer processes. The inX system leverages the founding team's expertise in law, finance, and tax, along with advanced AI technology and industry data. Additionally, Inssent's software facilitates the tracking of capital investments and the establishment of equity incentive plans, enabling users to efficiently manage their capital and stock structure.

Ubitus

Venture Round in 2021
Ubitus Inc. is a technology company that specializes in cloud computing solutions, particularly for the gaming industry and digital media services. Founded in 2007 and headquartered in Tokyo, with a research and development center in Taipei, Ubitus offers a software platform designed for fixed-mobile convergence applications. Its products include ubiLive, which enables users to access and share online content across devices, and commercial mobile cloud gaming services. The company's innovative GameCloud technology allows for the streaming of both gaming and metaverse content on multiple devices, catering to game developers, telecommunications service providers, and device manufacturers. Ubitus has established strategic partnerships, including collaborations with Alibaba Cloud and Kokusai Kogyo Co. Ltd., to enhance its service offerings and expand its market reach.

Fenbeitong

Series C in 2021
Fenbeitong is the enterprise consumption platform for full process control. Through intelligent control rules and reminding measures, Debeitong helps enterprises to save a lot of money during travel, car use, procurement and other public consumption. Through the credit monthly payment and unified invoice consumption mode, Debeitong helps employees to spare money. , free of charge, no reimbursement, greatly improve the efficiency of business operations.
Zhejiang Century Huatong Group is a diversified Chinese company primarily engaged in three main sectors: internet gaming, automotive parts manufacturing, and artificial intelligence. In the gaming sector, the company develops and provides a variety of online games. In the automotive domain, it produces plastic components and metal stamped parts, focusing on research, development, and sales of automotive parts and related molds. Additionally, the group is involved in artificial intelligence and cloud data services, as well as research in brain science and the development of metaverse platforms and applications. This multifaceted approach positions Zhejiang Century Huatong Group as a significant player in both the gaming and automotive industries, while also exploring advancements in technology and innovation.

Fadada.com

Series D in 2021
Fadada.com they are providing enterprises, governments and individuals with online collaborative signing and management services for electronic contracts and electronic documents based on legal digital signature technology.

JuLive.com

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

Arctic Vision

Series B in 2021
Arctic Vision is a clinical-stage specialty ophthalmology company based in China, focused on developing innovative therapies to address unmet clinical needs in the treatment of ophthalmic diseases. The company boasts a portfolio of breakthrough technologies aimed at providing effective solutions for patients with rare eye conditions. Founded by prominent life sciences investors, Arctic Vision is led by an experienced team of industry veterans skilled in research and development as well as the commercialization of eye care products. Its commitment to advancing ophthalmic medicine positions it as a key player in both the Asian and global markets.

Tim Hortons China

Venture Round in 2021
Tim Hortons China operates a chain of coffee restaurants, providing a range of coffee and food products, including made-to-order shrimp sandwiches and salads, primarily through its outlets in Shanghai. Established in 2018, the company is based in Shanghai and functions as a subsidiary of Tim Hortons Inc. In addition to its physical locations, Tim Hortons China also offers online shopping options for its products, ensuring convenience for customers. The company maintains communications with its clientele through various channels, including phone, email, and online applications, to address inquiries and enhance customer service.

KMTECH

Post in 2021
KMTECH specializes in digital technology services aimed at enhancing the operational efficiency of retail catering businesses. The company offers software products and digital solutions that integrate mobile internet, cloud computing, and big data technologies. By focusing on these advanced technologies, KMTECH enables businesses to undergo digital transformation, thereby improving their ability to meet customer needs. Their service offerings include various solutions tailored for retail and catering sectors, positioning them as a key player in the digital landscape.

Furong Xingsheng

Venture Round in 2021
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates a network of convenience stores that focus on community shopping. The company offers a variety of fresh products, including vegetables, fruits, meat, poultry, seafood, and general merchandise. It employs a novel retail model that combines online ordering with offline pick-up, catering to the daily needs of household consumers. In addition to its retail operations, Furong Xingsheng also specializes in B2B logistics and distribution services, enhancing its efficiency in serving the local market.

Miaoshou Doctor

Series E in 2021
Miaoshou Doctor is a healthcare service platform for building an online communication service platform between patients and doctors. It helps healthcare professionals and patients to manage post-diagnosis outcomes and allows doctors to actively follow up with their patient's health through additional counseling and prescriptions. Tao He and Daoliang Han founded the company in 2015 and is based in Beijing, Beijing.

Vision Medicals

Series C in 2021
Vision Medicals specializes in pathogenic gene diagnostic services, aiming to enhance medical treatment precision for infections. The company utilizes advanced technologies such as high-throughput sequencing-based pathogen metagenomics and CRISPR for rapid diagnostics, significantly improving the ability to detect clinical pathogens and reducing reporting times. Vision Medicals has developed proprietary nucleic acid enrichment technology to identify pathogenic micronucleic acids in clinical samples. By leveraging an extensive database of pathogen detection, the company has established a comprehensive pathogen macro, supported by a genomics intelligent analysis and reporting system. Through its focus on research and development, Vision Medicals seeks to lead the medical diagnostic industry with innovative detection technology platforms that enhance the efficiency and accuracy of medical diagnoses.

XiaoBangGuiHua

Series B in 2021
XiaoBangGuiHua is an intelligent investment advisory service platform designed to assist Chinese middle-class families in managing their finances more effectively. The platform employs artificial intelligence algorithms and advanced asset allocation models to deliver systematic financial management solutions. It offers a variety of services, including personalized consultations and educational resources focused on financial risk management. Through its innovative approach, XiaoBangGuiHua aims to empower investors by providing them with the tools and knowledge necessary to enhance their financial decision-making and optimize their investment strategies.

Yunxuetang

Series E in 2021
Jiangsu cloud school network Technology Co., Ltd. was established in December 2011. As a comprehensive training platform for enterprise training, cloud school will be the leading Internet technology and personnel training concept applied to the enterprise personnel training and development, and effectively help corporate customers to enhance the value of talent, help enterprises succeed. The BaaS model, which is the development of the enterprise's talent development business, provides the professional enterprise university's overall solution through the "software platform, course service, course creation tool, operation service" and other dimensions. Cloud school music advocate "a business is a university" concept, is the cloud school BaaS business model landing on behalf of the product.

Spark Education

Series E in 2021
Spark Education is a global online education company that focuses on developing critical thinking skills in children through interactive live instruction, animations, and games. Founded in 2018, it has quickly gained traction, attracting over half a million users worldwide. The company’s offerings include various educational platforms such as Spark Math, which combines Singapore Math with Common Core standards, and Spark Chinese for language learning. Additionally, Spark Education encompasses Huohua Siwei, an online Chinese-language learning service, Allschool, an online marketplace that connects teachers and learners, and ClassPod, which facilitates interactive small-group classes. The organization is backed by prominent investors and aims to inspire a passion for learning and foster lifelong growth in its students.

Yunji Technology

Series C in 2021
Yunji Technology is a Chinese company that specializes in the development of commercial service robots designed to improve efficiency and reduce costs in customer service operations. Its robots are aimed at enhancing service experiences across various sectors, including hospitality, luxury retail, and restaurants. By automating certain aspects of customer service, Yunji Technology's solutions enable clients to save time and streamline their operations, ultimately empowering businesses to deliver improved services to their customers.

Keep

Series F in 2021
Keep is an innovative fitness platform that combines technology with a passion for sports, aiming to enhance the fitness experience for users. The company offers a comprehensive fitness solution that includes AI-assisted personalized curriculums, interactive live-streaming classes, and recorded fitness courses. These offerings are tailored to individual athletic levels, fitness goals, and daily workout habits. Additionally, Keep provides a range of smart fitness devices, gear, apparel, and nutritional products, creating an integrated ecosystem that bridges the physical and digital realms. By promoting a culture of fitness and encouraging community engagement, Keep seeks to inspire more individuals to embrace an active lifestyle.

Furong Xingsheng

Venture Round in 2021
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates a network of convenience stores that focus on community shopping. The company offers a variety of fresh products, including vegetables, fruits, meat, poultry, seafood, and general merchandise. It employs a novel retail model that combines online ordering with offline pick-up, catering to the daily needs of household consumers. In addition to its retail operations, Furong Xingsheng also specializes in B2B logistics and distribution services, enhancing its efficiency in serving the local market.

WorkTrans

Series D in 2021
WorkTrans is a human resource management software developer based in China that offers a comprehensive platform designed to enhance various HR functions. The company's software provides diversified attendance management, mobile scheduling, and unified oversight, facilitating efficient payroll processing, roster management, recruitment, and training. By streamlining these processes, WorkTrans aims to improve recruiting efficiency and expand development opportunities for its clients, allowing organizations to adapt to their evolving workforce needs.

Enflame

Series C in 2021
Enflame, also known as Suiyuan Technology, specializes in developing advanced neural network solutions for artificial intelligence applications. The company focuses on creating high-end deep learning chips designed specifically for cloud data centers, optimizing them for AI training platforms. These chips feature a proprietary architecture that delivers significant computational power while ensuring high energy efficiency and low costs. Additionally, they are programmable and compatible with mainstream machine learning frameworks, making them suitable for a wide range of AI training and optimization tasks.

DXY

Series E in 2020
DXY is an online healthcare community based in Hangzhou, Zhejiang, China, that connects healthcare professionals, consumers, and organizations. Founded in 2000 by Li Tiantian and Jin Zhang, the platform serves as a social media network focused on pharmaceuticals and life sciences, providing communication tools to enhance user productivity. DXY offers a wealth of resources, including informative articles on recent research and general health advice, facilitating knowledge exchange among physicians and life science professionals. Additionally, the company provides public health services online and engages in precision digital marketing. DXY is supported by prominent investors such as Trustbridge Partners, Tencent, and Hillhouse Capital, among others.

Haydon

Seed Round in 2020
HAYDON Black Hole provides synchronized and leading domestic counters of professional skin care, makeup and fragrance products for high-end customers in the Mainland.

Medbanks

Series E in 2020
Medbanks Network Technology, founded in 2014 and based in Beijing, specializes in data processing services for the healthcare sector. The company focuses on developing an oncology database that compiles clinical and professional medical service information gathered from hospitals. This resource aims to enhance the understanding and management of cancer care. In addition, Sipai Health Technology Co Ltd operates within the medical technology and health management space in China, encompassing three main segments: specialty pharmacy, physician research assistance, and health insurance services. The specialty pharmacy segment is the primary revenue driver, while the company predominantly conducts its business within the People's Republic of China.

RootCloud

Series C in 2020
RootCloud is a Beijing-based cloud computing platform founded in 2016 that specializes in Internet of Things (IoT) and industrial applications. The company connects industrial assets through various layers, including connection, platform, and application layers, to empower industries end-to-end. RootCloud targets machine manufacturers, equipment users, governmental regulatory agencies, and social organizations, offering services that encompass online machine management, smart manufacturing, research and development, and energy solutions. With over 10 years of experience, the company provides IoT and big data services globally, focusing on life-cycle management and digital transformation for large-scale manufacturing enterprises. By delivering software-as-a-service on the public cloud, RootCloud develops digital applications and solutions that enhance operational efficiency and improve product quality for its clients.

FJ Dynamics

Venture Round in 2020
FJ Dynamics is a global robotic company established in 2017 and headquartered in China. The company specializes in providing digital and autonomous solutions primarily for the agricultural and construction sectors. It develops intelligent logistics robots that leverage advanced technologies such as big data, the Internet of Things, deep learning, unmanned driving, and machine vision. FJ Dynamics offers a variety of products, including intelligent ground robots, terminal unmanned logistics systems, agricultural robots, and high-speed rice transplanters. These innovations aim to enhance productivity and efficiency within the agricultural industry.

Yonghui Fresh Food

Series B in 2020
Yonghui Fresh Food operates as a supply chain integration platform specializing in fresh food and agricultural products. The company focuses on delivering timely supply chain services to a diverse range of customers, addressing their various purchasing needs. By streamlining food management and supply chain processes, Yonghui Fresh Food supports enterprises within the food industry, ensuring efficient access to fresh products.

Gaiaworks

Series D in 2020
GaiaWorks develops a cloud-based workforce management platform designed to enhance operational efficiency for organizations. By integrating time and attendance tracking, intelligent scheduling, and labor optimization, the platform simplifies compliance and helps control labor costs. Utilizing data prediction derived from historical business metrics, such as sales volume and transaction numbers, GaiaWorks enables businesses to forecast labor needs accurately for upcoming cycles. This approach not only reduces compliance risks but also improves employee satisfaction and productivity. The company's solutions aim to provide a streamlined and effective way for organizations to manage their workforce.

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.

Full Truck Alliance

Venture Round in 2020
Full Truck Alliance is a company based in the People's Republic of China that operates a digital platform connecting shippers with truckers to streamline the shipment process. Through its mobile and website platforms, it offers comprehensive services that facilitate freight matching for various distance ranges and cargo weights. The company's revenue is primarily generated from the usage of its platforms by shippers and truckers, which includes both freight matching services and additional value-added services.

ZEGOCLOUD

Venture Round in 2020
Our journey in audio and video hardware and software development started back in 2001. The core team focused on key technologies in digital signals, algorithms for voice and video, as well as network transmission. We’ve learned from years of experience that delivering real-time audio and video is no easy feat. It can only be achieved with a wealth of knowledge in many different fields. Yet in this digital era, there are so many use cases for voice and video interaction to build bridges and forge links. So we started to explore how to share our passion for and expertise in audio and video solutions with more businesses and developers as a partner in their journey of success. That’s why we founded ZEGOCLOUD in 2015. With Real-Time Communication (RTC) empowered by AI, ZEGOCLOUD now seeks to turn the vision for Real-Time Interaction (RTI) into a reality. We lay the groundwork for businesses and developers to build RTI into their apps across mobile internet and the metaverse. Flexible, customizable, low code.

Dmall

Series C in 2020
Dmall, founded in 2015, specializes in providing a cloud-based, end-to-end SaaS platform tailored for the local retail industry. The company offers a comprehensive suite of services including retail core service cloud, e-commerce service cloud, and marketing and advertising service cloud, which enhance the operational, marketing, and sales capabilities of retailers and brand owners. Their platform integrates advanced software and artificial intelligence of things (AIoT) solutions, delivering holistic data insights that facilitate actionable improvements across retail operations. Dmall also features a fresh food e-commerce platform that allows customers to conveniently order fresh produce from nearby grocery stores online, bypassing traditional checkout lines. This digitalization empowers grocery stores with tools for digital marketing, order and stock management, and customer data analysis, thereby improving operational efficiency and reducing costs.

Zhenkunxing

Series E in 2020
ZKH is a digital service platform for industrial products that offers comprehensive supply chain solutions based on an E-commerce platform, digital tools, and intelligent service. Its platform offers a comprehensive selection of industrial accessories, consumables, general equipment, and spare parts. There are 28 product lines and over 4 million SKUs available, including PPE, hand tools, metal processing, fasteners, instruments, chemicals, and so on.

ChinaRoad

Venture Round in 2020
ChinaRoad provides real-time update of vacant parking spaces, accurate navigation to the parking lot entrance, and recommended destination for parking services. They also offer quick positioning of indoor parking and automatically generate car-finding route maps.

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.

Spark Education

Series E in 2020
Spark Education is a global online education company that focuses on developing critical thinking skills in children through interactive live instruction, animations, and games. Founded in 2018, it has quickly gained traction, attracting over half a million users worldwide. The company’s offerings include various educational platforms such as Spark Math, which combines Singapore Math with Common Core standards, and Spark Chinese for language learning. Additionally, Spark Education encompasses Huohua Siwei, an online Chinese-language learning service, Allschool, an online marketplace that connects teachers and learners, and ClassPod, which facilitates interactive small-group classes. The organization is backed by prominent investors and aims to inspire a passion for learning and foster lifelong growth in its students.

Xiaoe Tech

Series C in 2020
Xiaoe Tech is a technology service provider specializing in new education solutions. The company offers a range of products, including knowledge payment SaaS, new education SaaS, and enterprise training tools, alongside PaaS cloud services and content distribution solutions. Xiaoe Tech supports content entrepreneurs and educational institutions by providing essential resources such as tools, data, traffic, and talent needed to enhance their operations. Their services facilitate brand communication, traffic growth, classroom teaching, and student management, ultimately aiming to streamline business monetization in the education sector. The company’s focus is on helping clients build and manage their online knowledge platforms effectively, thereby promoting a closed-loop ecosystem for knowledge dissemination.

Sogou

Acquisition in 2020
Sogou.com is a Chinese search engine that enables users to search text, images, music, and maps. Sogou's product line is divided into two major domains: web and desktop applications. Web application products are designed to classify online information such as music, pictures, video clips, news, maps, and vertical information. Desktop applications aim to improve the user experience. Sogou Chinese Input is input software in China that helps users increase their typing speed. Sogou Browser adopts real dual-core techniques to accelerate online surfing speed for internet users and connects them with the cloud to recognize malicious websites and software. Sogou.com was launched on the 3rd of August in 2004.

Ruipeng Pet Healthcare

Venture Round in 2020
Ruipeng Pet Hospital is a Shenzhen-based pet medical and beauty care hospital operator, which covers pet healthcare, foster care, bathing, SPA, beauty, food, entertainment and leisure services.

XtalPi

Series C in 2020
XtalPi Inc. is a pharmaceutical technology company based in Cambridge, Massachusetts, with additional offices in China. Founded in 2014 by a team of quantum physicists from MIT, XtalPi focuses on transforming drug research and development through its Intelligent Digital Drug Discovery and Development (ID4) platform. This platform integrates quantum mechanics, artificial intelligence, and high-performance cloud computing to enhance the efficiency and accuracy of drug R&D processes. XtalPi's offerings include advanced tools for crystal structure prediction and determination, solid state testing, small molecule drug design, and AI model development. The company aims to accelerate drug discovery and development, thereby contributing to global health improvements. Its innovative technologies have garnered recognition within the industry and facilitated strategic partnerships with leading pharmaceutical companies.

TaiMei Technology

Venture Round in 2020
TaiMei Technology is a digital innovator specializing in the research and development sector of the life sciences industry. The company has created a comprehensive digital platform that facilitates clinical research by offering insights into various stages of drug development, pharmacovigilance, marketing, and market access. By leveraging advanced technologies such as artificial intelligence, big data, cloud computing, and mobile internet, TaiMei provides integrated solutions that support industry stakeholders throughout the entire product life cycle. The platform encompasses a range of functionalities, including clinical data management, medical imaging, trial management, and drug monitoring, all aimed at enhancing clinical research efficiency. Ultimately, TaiMei Technology is focused on building the future infrastructure of the life sciences industry to expedite product launches, improve drug safety, and enhance accessibility for patients and healthcare providers.

Fiture

Series A in 2020
Fiture, a fitness technology company, is redefining the home fitness scenarios through intelligent hardware and AI-empowered fitness content.

WM Motor

Series D in 2020
WM Motor is an automotive company that designs, manufactures, develops, and markets energy and battery-operated vehicles. It provides energy vehicle products and travel solutions to its customers. The company aims to conserve electronic vehicles in addition to intelligent data hardware, enabling consumers to utilize smart cars that are efficient and energy conserving. WM Motor’s products are built with three core technologies, the Living Motion electric powertrain, the Living Pilot intelligent driving assistance system, and the Living Engine operating system, which offers industry-leading smart connectivity and interactive features.

Singleron Biotechnologies

Series A in 2020
Singleron Biotechnologies Ltd. is a molecular diagnostic firm that specializes in the development and manufacture of single cell sequencing solutions. Established in 2018 and headquartered in Nanjing, China, with additional offices in Suzhou, the United States, and Germany, the company offers a range of innovative products including the Singleron Matrix, an automated instrument for single cell processing, and the GEXSCOPE microfluidic chip designed for single cell partitioning. Their product offerings also include single cell RNA sequencing kits, reagents for library construction, and analysis tools such as CeleScope for processing RNA-seq data and SynEcoSys for data mining and clinical interpretation. Singleron provides services in single cell RNA sequencing and bioinformatics analysis, and collaborates with research institutes, hospitals, and pharmaceutical companies in China and the U.S. The firm is committed to advancing single cell analysis techniques for applications in clinical diagnosis, drug development, and health management.

Yuanfudao

Series G in 2020
Founded in 2012, Yuanfudao is the largest online live course platform for primary and secondary school students in China. The platform serves over 1 million paying users, offering a diverse curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. Yuanfudao distinguishes itself through its online tutoring services, which connect students with a large pool of highly qualified teachers, many of whom are nationally recognized. This approach allows students to receive live tutoring from the comfort of their homes, making quality education accessible to hundreds of thousands across the country. Additionally, Yuanfudao employs big data analysis to help students identify their learning weaknesses and engage in targeted learning, further enhancing their educational experience.

Leyou Technologies Holdings

Acquisition in 2020
Leyou Technologies Holdings Limited is a game development and distribution company based in Admiralty, Hong Kong. Established in 1998, it specializes in online game operation and retail game development, with a focus on free-to-play multiplayer games. The company is known for developing and publishing Warframe, a popular science fiction-themed game that ranks highly among free-to-play titles on platforms like Steam. In addition to Warframe, Leyou operates several other free-to-play multiplayer games and maintains a robust pipeline of upcoming projects. The company owns notable game development studios, including Digital Extremes and Splash Damage, and employs around 600 staff members globally. Leyou also offers work-for-hire studio services, merchandise sales, marketing support, and consultancy services. With significant revenue derived from Canada, Leyou continues to explore opportunities to enhance its development capabilities and expand its portfolio through partnerships and acquisitions.

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.

Yipin Fresh

Series C in 2020
Yipin Fresh is the distributor of fresh and discounted food products.

Missfresh

Series E in 2020
Beijing Missfresh E-Commerce Co., Ltd. is a Chinese e-commerce platform focused on grocery delivery, specializing in high-quality fresh food. Founded in November 2014 and based in Beijing, the company operates a mobile application that allows consumers to purchase a wide variety of products, including fruits, vegetables, dairy, meat, seafood, snacks, and beverages. Missfresh delivers these items directly to customers' doorsteps through its network of delivery riders. The company serves 20 cities across China and integrates its services with third-party social platforms to enhance user accessibility. Its business model combines online and offline retail, catering to the growing demand for convenient and fresh grocery shopping solutions.

Meishubao

Series C in 2020
Meishubao is a company that operates an art education platform aimed at children. It focuses on enhancing online art education by integrating digital technology into teaching methodologies. The platform offers a variety of resources, including online reviews of artworks, demonstration videos, and personalized art classes, allowing users to explore and develop their creative skills. By leveraging technology, Meishubao aims to foster an engaging environment for aesthetic education and promote the advancement of art among young learners.

Furong Xingsheng

Corporate Round in 2020
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates a network of convenience stores that focus on community shopping. The company offers a variety of fresh products, including vegetables, fruits, meat, poultry, seafood, and general merchandise. It employs a novel retail model that combines online ordering with offline pick-up, catering to the daily needs of household consumers. In addition to its retail operations, Furong Xingsheng also specializes in B2B logistics and distribution services, enhancing its efficiency in serving the local market.

Keep

Series E in 2020
Keep is an innovative fitness platform that combines technology with a passion for sports, aiming to enhance the fitness experience for users. The company offers a comprehensive fitness solution that includes AI-assisted personalized curriculums, interactive live-streaming classes, and recorded fitness courses. These offerings are tailored to individual athletic levels, fitness goals, and daily workout habits. Additionally, Keep provides a range of smart fitness devices, gear, apparel, and nutritional products, creating an integrated ecosystem that bridges the physical and digital realms. By promoting a culture of fitness and encouraging community engagement, Keep seeks to inspire more individuals to embrace an active lifestyle.

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”.

Enflame

Series B in 2020
Enflame, also known as Suiyuan Technology, specializes in developing advanced neural network solutions for artificial intelligence applications. The company focuses on creating high-end deep learning chips designed specifically for cloud data centers, optimizing them for AI training platforms. These chips feature a proprietary architecture that delivers significant computational power while ensuring high energy efficiency and low costs. Additionally, they are programmable and compatible with mainstream machine learning frameworks, making them suitable for a wide range of AI training and optimization tasks.

Xigua City

Series B in 2020
Xigua City is an online computer programming education platform for children. Xigua City released the X Plan strategy, which uses AI and big data as the starting point, and use technology to promote curriculum development, teaching services, and learning experience iterative upgrade. This improves the LEAP curriculum system, promote learning evaluation based on AI+ Big Data and upgrade the teaching intelligent assistant system to build an active community. Xigua City was founded on 2013 and is headquartered in Hangzhou, China.

Huya.com

Post in 2020
Huya.com is China's interactive broadcast platform, enriched by the world's first communications service operators. The company's live products cover PC, Web, and mobile three-end, and have nearly 300 featured channels in 4 categories including online games, single-game hot games, mobile games, and entertainment variety, covering e-sports, music, sports, beauty, outdoor, A wide range of popular content such as reality shows, variety shows, entertainment, and food.

Airwallex

Series D in 2020
Airwallex is a global payment and financial platform designed to streamline international transactions and reduce the costs associated with traditional financial systems. It offers a comprehensive suite of services, including payment processing, treasury management, and spend management, all integrated into a single platform. By utilizing a network of local payment systems and application programming interfaces, Airwallex allows businesses to issue and pay invoices in their preferred currencies at competitive exchange rates. The company aims to empower entrepreneurs and businesses by providing them with the tools necessary to expand their operations and seize opportunities in markets worldwide.

Yuanfudao

Series G in 2020
Founded in 2012, Yuanfudao is the largest online live course platform for primary and secondary school students in China. The platform serves over 1 million paying users, offering a diverse curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. Yuanfudao distinguishes itself through its online tutoring services, which connect students with a large pool of highly qualified teachers, many of whom are nationally recognized. This approach allows students to receive live tutoring from the comfort of their homes, making quality education accessible to hundreds of thousands across the country. Additionally, Yuanfudao employs big data analysis to help students identify their learning weaknesses and engage in targeted learning, further enhancing their educational experience.

MiningLamp

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

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.

Leyaoyao

Series C in 2020
Leyaoyao operates as an intelligent payment platform specializing in offline self-service equipment. The company develops mobile payment software that enables businesses, particularly those with remote shops and vending machines, to securely accept and analyze mobile payments. Leyaoyao's solutions also offer remote machine override services, allowing users to manage transactions more efficiently.

Farfetch

Post in 2020
Farfetch is an online platform established in 2008 that connects buyers and sellers of personal luxury goods. It unites various independent fashion boutiques and offers a diverse range of products, including bags, dresses, shoes, and accessories. The company partners with over 1,000 luxury goods sellers to provide their inventory to nearly one million active customers, charging a commission for each sale. Farfetch operates a modular technology platform designed to enhance the luxury fashion ecosystem, utilizing a proprietary technology stack to support its applications, services, and data. In addition to its digital marketplace, Farfetch also includes Browns stores and the New Guard Group, and it offers solutions that facilitate the e-commerce operations of luxury brands. The company's focus on connecting luxury brands closely with the fashion industry underlines its commitment to the sector.
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