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 Ride Sharing

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.

Optibus

Series D in 2022
Optibus leverages the power of machine learning and optimization algorithms to redefine the way mass-transportation is planned and operated. Optibus’ disruptive technology drive some of the most complex transportation operations worldwide, helping to improve the quality of service, increase efficiencies, save money, and streamline operations.

ShareChat

Debt Financing in 2022
ShareChat is an Indian social media startup founded in 2015 and headquartered in Bangalore, Karnataka. The platform is designed to cater to India's diverse vernacular audience, offering content consumption and sharing services exclusively in 15 Indian languages. With a focus on understanding the needs of its users, ShareChat enables individuals to connect through private messaging, tagging, and personal messaging features. Users can share a variety of content, including videos, jokes, and songs, fostering a vibrant community that reflects the rich linguistic diversity of India. The platform serves over 1.17 billion wireless network users in the country, positioning itself as a significant player in the social media landscape.

CARS24

Series G in 2021
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, that specializes in buying and selling used cars through a network of channel partners across various cities. Founded in 2015, the company aims to transform the used car market by providing a tech-enabled marketplace that ensures an efficient and reliable selling experience for car owners. CARS24 employs an AI-enabled pricing algorithm to offer accurate market and appraisal prices, enhancing transparency in transactions. Additionally, the company provides car inspection and valuation services, facilitating secure sales for customers. CARS24 also operates a financial services division that offers vehicle lending products to enhance customer financing options.

CargoX

Series F in 2021
CargoX is a technology-driven freight marketplace based in Sao Paulo, Brazil, established in 2013. The platform connects shipping companies with a network of over 1.4 million trucks, effectively addressing the issue of excess capacity in the transportation sector. By providing real-time information on available truck capacity, CargoX enhances freight visibility and helps shippers identify optimal solutions for transporting a wide range of products throughout Brazil. This approach not only reduces shipping costs for clients but also increases earnings for truck drivers while minimizing CO2 emissions associated with empty trucks on the road.

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.

GoTo Group

Funding Round in 2021
GoTo Group is an Indonesian technology company formed by the merger of Gojek and Tokopedia in May 2021. It integrates e-commerce, ride-hailing, delivery, and financial services into a single platform, primarily serving the Indonesian market. In 2024, GoTo divested its e-commerce business, partnering with TikTok Indonesia to create a new entity. Following this change, the company is expected to see its on-demand services generate the majority of its revenue, while its financial services begin to grow. Before the divestment, a significant portion of its non-financial services revenue was derived from e-commerce activities, and the company plans to expand its offerings to include loans and buy now, pay later options, enhancing its overall service ecosystem.

CARS24

Series F in 2021
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, that specializes in buying and selling used cars through a network of channel partners across various cities. Founded in 2015, the company aims to transform the used car market by providing a tech-enabled marketplace that ensures an efficient and reliable selling experience for car owners. CARS24 employs an AI-enabled pricing algorithm to offer accurate market and appraisal prices, enhancing transparency in transactions. Additionally, the company provides car inspection and valuation services, facilitating secure sales for customers. CARS24 also operates a financial services division that offers vehicle lending products to enhance customer financing options.

Oxa

Series B in 2021
Oxbotica develops autonomous vehicle software. They provide autonomy software that has low compute power requirements. They use laser vision and radar for localization, redundancy, and cloud management services that enable businesses to help bring autonomy to vehicles.

Full Truck Alliance

Venture Round in 2020
Full Truck Alliance is a platform that connects shippers with truckers to facilitate shipments across distance ranges and cargo weights. its revenues principally from shippers' and truckers' use of its platforms in connection with freight matching services.

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.

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.

Swiggy

Series I in 2020
Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.

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. Operating in over 260 cities, Tuhu offers same-day or next-day delivery and installation services for automobile after-sales products. The company utilizes its website, mobile app, call center, and third-party e-commerce platforms to deliver a digitalized and on-demand service experience. Tuhu's platform addresses a wide range of automotive service demands, including the replacement of tires and chassis parts, as well as auto maintenance, repair, and detailing. By connecting car owners with suppliers and automotive service stores, Tuhu effectively fulfills the requirements of most passenger vehicle models sold in China.

Nio

Post in 2019
NIO Inc. is a pioneer in China’s premium smart electric vehicle market. NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. NIO officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 and plans to commence deliveries in 2020.

ON TIME

Venture Round in 2019
ON TIME is a mobile travel service provider company.

T3 Mobile Travel Services

Series A in 2019
T3 Mobile Travel Services is a provider of car-sharing and travel solutions that emphasizes renewable energy and innovative technology. The company operates an online car-hailing platform designed for both individual and corporate clients. T3's services include autonomous driving capabilities and a self-operated system that integrates a connected car security framework, AI facial recognition, and high-precision mapping. This technology enables users to experience professional, efficient, and safe ride-hailing services. T3 aims to create a "smart mobility ecosystem," leveraging data from technology partners and manufacturing expertise from automotive firms to enhance its offerings in the travel services market.

YIQI Exchange

Series B in 2019
YIQI Exchange is a new energy service provider that introduces a power-changing mode for two-wheeled travel. By establishing a power-changing station, the vehicle, battery pack and charging infrastructure are connected to each other to meet the user's need to change power during travel. Users can also perform full battery management through the APP.

Mogu Zhixing

Series A in 2019
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.

Swiggy

Series H in 2018
Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.

Gojek

Series F in 2018
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.

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.

WeShare

Series B in 2018
WeShare is a Chinese financial services provider. The company is helping consumer financial institutions to enhance their ability to access customers, risk control and funds.

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. Operating in over 260 cities, Tuhu offers same-day or next-day delivery and installation services for automobile after-sales products. The company utilizes its website, mobile app, call center, and third-party e-commerce platforms to deliver a digitalized and on-demand service experience. Tuhu's platform addresses a wide range of automotive service demands, including the replacement of tires and chassis parts, as well as auto maintenance, repair, and detailing. By connecting car owners with suppliers and automotive service stores, Tuhu effectively fulfills the requirements of most passenger vehicle models sold in China.

Xiaohongshu

Series D in 2018
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.

RenRenChe

Series E in 2018
Founded in April 2014, Renren is the first to enter the used car market in C2C mode. It has developed into a comprehensive car trading service platform integrating used cars and new car transactions, financial services and after-sales services. For second-hand car transactions, Renren provides free door-to-door valuation, sales, replacement and other services for the majority of car owners. In order to strictly control the quality of the car in the sale, the Renren car has established a 249 test standards and a dual detection mechanism through a self-built professional appraisers team, and has reached a cooperation with the China Automobile Dealers Association to become a national standard for second-hand car testing. The industry's first strategic partner in the “certification” certification, the layer of protection is only for the rest of the car. At the same time, for the buyer, the Renren car provides a series of after-sales guarantees such as 14-day returnable car, one-year/20,000-kilometer core component warranty and 200 million yuan guarantee, leading the industry change. In April 2018, Renren was awarded a new round of financing by the Goldman Sachs Group, Tencent, Didi and other investments of $300 million. This is the third time that Tencent has added a Renren car. Previously, Renren had won a strategic investment of 200 million US dollars, and then carried out in-depth cooperation in ecological co-construction, technology, and operation.

Full Truck Alliance

Private Equity Round in 2018
Full Truck Alliance is a platform that connects shippers with truckers to facilitate shipments across distance ranges and cargo weights. its revenues principally from shippers' and truckers' use of its platforms in connection with freight matching services.

Gojek

Series E in 2018
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.

Chehaoduo

Series C in 2018
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Uber

Secondary Market in 2017
Uber is a technology company that operates a ridesharing mobile application, connecting riders with partner drivers in over 300 cities globally. Founded in 2009, Uber has transformed urban mobility by making transportation more accessible and efficient. Users can submit trip requests through the app, which then routes these requests to nearby drivers, facilitating transportation arrangements in real time. In addition to its core ridesharing services, Uber is also advancing into the realm of autonomous vehicles through its Uber Advanced Technologies Group, which focuses on developing self-driving technology aimed at providing safe and reliable transportation. Furthermore, Uber Elevate is exploring the future of aerial ridesharing, collaborating with various stakeholders to establish a framework for air travel innovation. Overall, Uber's operations encompass a diverse range of transportation solutions, enhancing the connectivity of cities and their inhabitants.

WM Motor

Corporate Round in 2017
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.

WM Motor

Series B in 2017
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.

Nio

Series D in 2017
NIO Inc. is a pioneer in China’s premium smart electric vehicle market. NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. NIO officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 and plans to commence deliveries in 2020.

Ola

Private Equity Round in 2017
Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.

Meituan Bike

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

Yixin Group

Series C in 2017
Yixin Group is a transaction platform for vehicle loans. Yixin Group Limited (02858.HK) is primarily engaged in transaction platform business and self-operated financing company.

Yixin Capital

Funding Round in 2017
The firm aims to develop a consumer-centric automotive transaction platform which connects consumers with a partner network that includes automakers, auto dealers, financing and insurance partners, as well as aftermarket service providers.

Huochebang

Series B in 2017
Huochebang operates an online truck logistics platform designed to connect cargo shippers with truck drivers across China. By facilitating communication between these two groups, the platform allows truck drivers to find available freight loads and vacant parking spaces while also providing listings for truck sales and used truck auctions. This comprehensive approach helps streamline the logistics process, improving efficiency and reducing transportation costs for users in the trucking industry. Through its integrated services, Huochebang addresses the challenges faced by both truckers and shippers, enhancing their operational capabilities.

Nio

Series C in 2017
NIO Inc. is a pioneer in China’s premium smart electric vehicle market. NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. NIO officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 and plans to commence deliveries in 2020.

Meituan Bike

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

Huochebang

Series B in 2016
Huochebang operates an online truck logistics platform designed to connect cargo shippers with truck drivers across China. By facilitating communication between these two groups, the platform allows truck drivers to find available freight loads and vacant parking spaces while also providing listings for truck sales and used truck auctions. This comprehensive approach helps streamline the logistics process, improving efficiency and reducing transportation costs for users in the trucking industry. Through its integrated services, Huochebang addresses the challenges faced by both truckers and shippers, enhancing their operational capabilities.

Pepo

Seed Round in 2016
Pepo connects you with people who share your passions. Welcome to Pepo, a place where everyone has a story. Every day, thousands of people turn to Pepo to share their stories and connect with experts and enthusiasts. Travelers. Foodies. Fans. Politicos. Designers. Dog lovers. Gym fits. LGBTs. No matter their interests, Pepo connects users with the people and voices that matter most to them. Pepo is the fastest easiest way to connect with people who share similar passions. On Pepo, users can create and join public, private, or secret live chats with people who share their interests. Users can add tags to their profiles to highlight their interests and expertise. Pepo matches users with other people who share related interests. Pepo offers live chats instantly with experts, fans, and people in the known.

Meituan Bike

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

Hike

Series D in 2016
Hike is a blockchain gaming company committed to answering the tough questions as it brings the best of Web2 and Web3 together. The company is at the core of enabling gaming as a source of new economic opportunities. Hike is BUIDLing the Rush Gaming Universe (RGU), a brand new social gaming experience where players can use their skills to Play, Earn & Grow.

Yixin Capital

Funding Round in 2016
The firm aims to develop a consumer-centric automotive transaction platform which connects consumers with a partner network that includes automakers, auto dealers, financing and insurance partners, as well as aftermarket service providers.

Nio

Series B in 2016
NIO Inc. is a pioneer in China’s premium smart electric vehicle market. NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. NIO officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 and plans to commence deliveries in 2020.

Byton

Series A in 2016
BYTON turns cars into a next-generation smart device. At BYTON automobiles and digital literacy are equally at home with each other. As a start-up, the company creates an environment for free thinking and action. Moreover, the company aims to become a global pioneer in the coming era of connected mobility by designing its cars as a fully connected smart device on wheels.

Didi

Funding Round in 2016
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi-hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation.

Xiaohongshu

Series C in 2016
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.

ibibo Group

Venture Round in 2016
ibiboGroup is an Indian online travel group that owns properties such as Goibibo.com, a B2C online travel aggregator; redBus.in, an online bus ticketing platform; and travelboutique, a B2B online travel platform. In 2010, ibiboGroup organically developed and launched Goibibo.com that enables consumers to buy air tickets, hotels, and bus tickets via both mobile and desktop. It has become a mobile and online travel platform in India for bookings, after sales, payments, and refunds. The combined travel assets of ibiboGroup makes the company one of the largest in terms of volume of transactions. ibiboGroup was founded in 2006 by [Ashish Kashyap](https://www.crunchbase.com/person/ashish-kashyap) and the company also owns a minority stake in Naspers’ global payments business, PayU Global. It is headquartered in Gurgaon, India.

FlightCar

Series B in 2015
FlightCar, Inc. is a car rental service that operates an online platform connecting car owners with travelers in need of vehicles while at the airport. Founded in 2012 and based in San Francisco, California, FlightCar allows individuals who are parking their cars at airports to rent them out to other approved travelers, providing a cost-effective and convenient option for transportation. The company has expanded its services to multiple locations across the United States, including major cities such as Austin, Boston, Chicago, Los Angeles, and Seattle. By facilitating this peer-to-peer rental system, FlightCar aims to enhance the travel experience for both car owners and renters, promoting a collaborative community among travelers.

RenRenChe

Series C in 2015
Founded in April 2014, Renren is the first to enter the used car market in C2C mode. It has developed into a comprehensive car trading service platform integrating used cars and new car transactions, financial services and after-sales services. For second-hand car transactions, Renren provides free door-to-door valuation, sales, replacement and other services for the majority of car owners. In order to strictly control the quality of the car in the sale, the Renren car has established a 249 test standards and a dual detection mechanism through a self-built professional appraisers team, and has reached a cooperation with the China Automobile Dealers Association to become a national standard for second-hand car testing. The industry's first strategic partner in the “certification” certification, the layer of protection is only for the rest of the car. At the same time, for the buyer, the Renren car provides a series of after-sales guarantees such as 14-day returnable car, one-year/20,000-kilometer core component warranty and 200 million yuan guarantee, leading the industry change. In April 2018, Renren was awarded a new round of financing by the Goldman Sachs Group, Tencent, Didi and other investments of $300 million. This is the third time that Tencent has added a Renren car. Previously, Renren had won a strategic investment of 200 million US dollars, and then carried out in-depth cooperation in ecological co-construction, technology, and operation.

Huochebang

Series A in 2015
Huochebang operates an online truck logistics platform designed to connect cargo shippers with truck drivers across China. By facilitating communication between these two groups, the platform allows truck drivers to find available freight loads and vacant parking spaces while also providing listings for truck sales and used truck auctions. This comprehensive approach helps streamline the logistics process, improving efficiency and reducing transportation costs for users in the trucking industry. Through its integrated services, Huochebang addresses the challenges faced by both truckers and shippers, enhancing their operational capabilities.

Didi

Private Equity Round in 2015
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi-hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation.

HomeHero

Series A in 2015
HomeHero is a non-medical home care provider that leverages technology and human compassion to extend the health system into the home. It caters to individual families seeking assistance in the home care and partner with customized health systems to create non-medical home care programs. HomeHero offers a wide range of post-acute services, such as personal care and companionship, transitional care, postoperative recovery, medication management, transportation and assistance with activities of daily living.

Lyft

Series E in 2015
Lyft is a transportation company that operates a mobile application designed to connect drivers with passengers seeking rides. Founded in 2013, it has become the second-largest ride-sharing service provider in the United States and Canada. The Lyft app allows users to request various types of rides, including private, shared, and luxury options, while also facilitating payment. In addition to ride-sharing, Lyft has expanded its services to include bike and scooter-sharing, promoting multimodal transportation solutions. The company primarily focuses on serving college, university, and corporate communities, and it enables riders to schedule rides up to seven days in advance.

CYNGN

Series C in 2015
Cyngn Inc is an industrial autonomous vehicle technology company focused on developing innovative solutions for autonomous driving. Its primary product, DriveMod, is a versatile autonomous driving platform that can be deployed across various vehicle types produced by Original Equipment Manufacturers. The company aims to enhance the presence of autonomous machines in diverse environments, contributing to the transformation of industries through advanced technology. By leveraging its expertise, Cyngn is positioned to facilitate the widespread adoption of autonomous vehicles, making them more accessible and functional in everyday applications.

Remark

Seed Round in 2015
Remark is a mobile application designed to enhance online social interactions by allowing users to share their daily experiences in a genuine and unfiltered manner. The platform focuses on fostering authentic relationships among users, enabling them to express their thoughts and emotions without hesitation. By facilitating ephemeral sharing, Remark aims to create a space where individuals can connect with like-minded friends and cultivate meaningful connections. The company emphasizes the importance of authenticity in social media, striving to make online interactions more enjoyable and fulfilling.

Breadtrip

Series C in 2014
BreadTrip is a social travel application launched in May 2012 that allows users to document and share their travel experiences through travelogues. The platform enables users to create detailed maps of their visited locations, upload photos with descriptions, and record essential travel information such as accommodations and flights. BreadTrip enhances the travel planning process by providing features that include tracking travel routes, adding geo-tags to photos, and offering offline support for recording travel footprints. Users can also interact with others by searching for travelogues and engaging with photos through likes and comments, facilitating a community of shared travel experiences.

Didi

Series D in 2014
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi-hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation.

Renren Kuaisong

Series A in 2014
Renren Kuaisong (formerly Renren Kuaidi) is a crowdsourced delivery system. Renren Kuaisong, which literally translates to “Everyone Express,” let’s anyone who meets the eligibility requirements sign up to be a courier. Those requirements include real-name authentication, binding a bank card, a smartphone with a phone number, and a photo. Couriers can choose to deliver packages by bike, scooter, car, bus, or even on foot.

Renren Express

Series A in 2014
Renren Express provides a platform allowing any registered users to provide local town delivery services.

Vurb

Series A in 2014
Vurb’s mission is to create a smarter, more connected mobile world that empowers people to do more of what they want all in one app. Vurb enables people to find, plan, and do by connecting them to the most relevant information and tools from apps and services in a single mobile experience. The company was founded in 2011 by Bobby Lo and was the winner of TechCrunch Disrupt NY 2014. Vurb is based in San Francisco and is financially backed by Redpoint Ventures, Max Levchin, Drew Houston, Data Collective, and other Silicon Valley luminaries. We're hiring! vurb.com/jobs

CYNGN

Series B in 2013
Cyngn Inc is an industrial autonomous vehicle technology company focused on developing innovative solutions for autonomous driving. Its primary product, DriveMod, is a versatile autonomous driving platform that can be deployed across various vehicle types produced by Original Equipment Manufacturers. The company aims to enhance the presence of autonomous machines in diverse environments, contributing to the transformation of industries through advanced technology. By leveraging its expertise, Cyngn is positioned to facilitate the widespread adoption of autonomous vehicles, making them more accessible and functional in everyday applications.

Waddle

Seed Round in 2011
Instant group albums. Connect. Create. Together. Waddle is the best way for groups to connect and privately create memories together through social albums. Start a Waddle album on the fly, add the friends you want included, and everyone can instantly share photos and messages with the group. Waddle albums are private - so you can be yourself and create memories with those that matter most.
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