VMS Asset Management

VMS Group was established in 2006. Since then, it has grown to become a leading multi-strategy financial group providing specialized investment solutions and consulting services. Licensed with the Hong Kong Securities and Futures Commission to carry on business in Type 4 (Advising on Securities) and Type 9 (Asset Management) Regulated Activity, VMS Asset Management is the asset management arm of the Group, specializing in Private Equity investments. Its investment focus is on growth-stage companies in sectors across Healthcare, TMT (including new retail and new services) and Deep Tech. Leveraging on a Greater China focus with global connectivity value proposition, VMS has successfully completed more than 150 investments both onshore in China and offshore around the world since inception. Headquartered in Hong Kong with more than 70 staff and a presence in Beijing, VMS Group currently has in excess of USD 4.0 billion of assets under management.

37 past transactions

CiDi

Series C in 2022
CiDi focuses on the technological innovation and execution required to create practical, self-driving commercial vehicles and products. The company has obtained public road testing permits for SAE Level 4 trucks capable of exceeding 100km/h on highways. During the first two years, the company completed numerous projects for various commercial and special vehicles. CiDi, for example, has delivered unmanned and remote-controlled mining trucks to mining areas for operation, as well as operated intelligent buses on open city streets and mass-produced V2X-connected vehicles and equipment in multiple cities and regions.

Laiye

Series C in 2022
Laiye is a digital workforce platform that empowers organizations by integrating AI Agents to boost employee productivity and creativity. The platform combines various intelligent automation capabilities, including RPA and IDP, to streamline operations and enhance business outcomes.

Slope Finance

Series A in 2022
Slope Finance develops a mobile decentralized exchange and wallet that allows users to access Solana Pay, engage in decentralized finance, manage non-fungible tokens visually, and perform token swaps. Slope Finance is a full-stack platform built on Solana that includes the sectors of DEX, Wallet, and NFTs, offering users speed, near-zero transaction fees, and an intuitive interface. Slope Finance enables users to create new or import existing Ethereum and Solana wallets, as well as store and clone assets with a single click.

Uniskin

Series B in 2021
Uniskin is a cosmetics brand that provides skin-care products suitable for the local area and people.

SyMap Medical

Series E in 2021
SyMap is dedicated to developing a proprietary, catheter-based renal mapping and ablation system for renal denervation therapy to treat hypertension and other diseases, such as heart failure, arrhythmia, and renal failure.

HAI ROBOTICS

Series C in 2021
HAI ROBOTICS creates and delivers value to every warehouse and factory with advanced robotics and AI algorithm. The company provides efficient, intelligent, flexible and customizable automation solutions to optimize warehousing operations. Dedicated to R&D in autonomous case-handling robotic (ACR) system, HAI ROBOTICS possesses a number of patents. As pioneers in ACR, HAI ROBOTICS successfully launched the first ACR system HAIPICK in 2015. The company has been perfecting its products continuously with its expanding customer portfolio ever since. With HAIPICK, warehouse automation can be deployed within one week. HAIPICK has increased warehouse operation efficiency by 3-4 times, and storage density by 80%-130% for clients including DHL Supply Chain, BEST Supply Chain and Phillips etc..

CiDi

Series B in 2021
CiDi focuses on the technological innovation and execution required to create practical, self-driving commercial vehicles and products. The company has obtained public road testing permits for SAE Level 4 trucks capable of exceeding 100km/h on highways. During the first two years, the company completed numerous projects for various commercial and special vehicles. CiDi, for example, has delivered unmanned and remote-controlled mining trucks to mining areas for operation, as well as operated intelligent buses on open city streets and mass-produced V2X-connected vehicles and equipment in multiple cities and regions.
Diseases do not recognize borders; why should drug innovation? We are a team of scientists and physicians driven by a shared commitment: to fulfill unmet medical needs for patients worldwide by harnessing the most effective resources and efficient processes for drug development. We may take the brainchild of a scientist in one country to conduct proof of concept studies in another, and seamlessly transition to later clinical development globally. We coined our approach “Borderless Innovation.” Focused on immunology and inflammation, we are developing a new generation of drug candidates characterized by prolonged pharmacokinetic and pharmacodynamic effects as well as improved safety margins. This will potentially enable improved efficacy/safety profiles and dosing convenience. Leveraging cutting-edge technology, we have a rich pipeline consisting of four clinical-stage assets, targeting validated pathways, and multiple innovative preclinical candidates.

BlissBio

Series B in 2021
Bliss Bio is a biopharmaceutical company focused on development of tumor targeting and immunotherapy drugs.

Chime Biologics

Series A in 2021
Chime Biologics, is a world-class experienced Contract Development and Manufacturing Organization (CDMO), providing customer-centric and cost-effective services for timely premier-quality biopharmaceutical development and manufacturing. We provide a comprehensive solution supporting our customers from analytical and process transfer to early-stage biopharmaceutical development through late-stage clinical and commercial drug substance and drug product manufacturing for Global Supply.

Didi Freight

Series A in 2021
DiDi Freight is a freight service platform that focuses on intra-city shipping and moving solutions. The company offers a variety of vehicles to meet diverse transportation needs, ensuring each delivery is fully insured and drivers are rigorously screened. DiDi Freight aims to provide transparent pricing and reliable services to enhance the shipping experience for customers.
Windtree Therapeutics (formerly Discovery Laboratories) is a clinical-stage biotechnology company focused on developing novel surfactant therapies for respiratory diseases and other potential applications. Windtree proprietary technology platform includes a synthetic, peptide-containing surfactant (KL4 surfactant) that is structurally similar to endogenous pulmonary surfactant — and novel drug-delivery technologies being developed to enable noninvasive administration of aerosolized KL4 surfactant. Windtree is focused initially on improving the management of respiratory distress syndrome (RDS) in premature infants and believes that its proprietary technology may make it possible, over time, to develop a pipeline of KL4 surfactant product candidates to address a variety of respiratory diseases for which there are few or no approved therapies.

Dingdong Maicai

Series B in 2019
Dingdong Maicai is a fresh vegetable e-commerce platform that is dedicated to accelerating production through technology. Its platform provides a service model that includes direct procurement at the point of origin, pre-warehouse distribution, and home delivery in 29 minutes or less. It was upgraded to give users a fresh food consumption experience with a specific quality, time, and category. Dingdong Maicai was established in May 2017 and provides services in Shanghai, Beijing, Shenzhen, Hangzhou, Suzhou, and other cities.

I-Mab Biopharma

Series C in 2019
I-MAB is a clinical-stage biopharmaceutical company committed to the discovery, development, and commercialization of novel or highly differentiated biologics to treat diseases with significant unmet medical needs, particularly cancers and autoimmune disorders. .

Bangsun Technology

Series C in 2019
Bangsun Technology is a Hangzhou-based real-time financial risk management company. It provides services including payment anti-fraud, application anti-fraud, Internet lending, data service, robot defense and anti-money laundering for financial institutions.

New Horizon Health

Series C in 2019
New Horizon Health is an innovative bio-tech company focusing on early screening and genetic testing services for high-incidence cancer homes. Nuohui Health is committed to reducing the morbidity and mortality of cancer through biotechnological means. It first proposed the slogan of early cancer screening and is committed to promoting early cancer screening into thousands of households so that the public can enjoy convenient and efficient health services .

Zhangmen

Series E in 2019
Zhangmen is an online tutoring platform provides tutoring courses to students. Through the online and mobile apps of Zhangmen, primary and middle school students from eight to 18 years old can select top teachers who have graduated from China’s first-class universities such as Tsinghua, Peking University, and Fudan, for personalized, one-on-one tutoring sessions. They provided online education services in a one-to-one comprehensive transformation.

Crossbar

Venture Round in 2018
Crossbar is a startup company pioneering a new class of non-volatile resistive RAM (RRAM) memory technology. Designed to usher in a new era of electronics innovation, its technology will deliver up to a terabyte (TB) of storage on a single chip the size of a postage stamp, with very low power and very high performance. Backed by top tier investors, they have assembled an expert team that is shattering memory barriers with a new, innovative approach. Crossbar ReRAM lets designers rethink the compute/storage paradigm, free from the constraints of traditional flash and DRAM memories. From persistent memory that brings data closer to CPU to cognitive memory that enables in-memory computing without a host CPU, ReRAM is ushering in a new era of data storage and processing for both edge and cloud computing.

Profusa

Series C in 2018
Profusa, Inc. operates in the health care sector. It is dedicated to the development of a new generation of biointegrated sensors that empowers the individual with the ability to monitor their unique body chemistry in unprecedented ways to transform the management of personal health and disease. The company was incorporated in 2009 and is based in Cupertino, California.

Chemclin

Private Equity Round in 2018
Chemclin Biotech is a Chinese technical service provider that is focused on in-vitro diagnostic instruments and auxiliary reagents for clinical diagnosis. Chemclin Biotech’s service covers clinical inspection instruments, auxiliary reagents (chemiluminescence, biochemical, exemption), technical services, management and certification, independent medical laboratories, and more. The company is dedicated to the introduction of diagnostic products and services to the Chinese market.

TalkingData

Series E in 2018
TalkingData’s advanced data statistics and analytic software have reached nearly 1.5 billion mobile devices in China, providing the most data-rich, reliable and profound market reports from benchmark KPIs, to user behavior studies, to industry movements, trends, and forecasts. Our insightful reports can provide you powerful insights into the Chinese Mobile Internet market. TalkingData offers the best-in-class Big Data products varying from highly-scalable data mining, deep data analytics, DMP (Data Management Platform), analytical reports, industry benchmarking, and deep-dive market insight reports. Today, 80% of the Top 50 developers in China rely on us to track their app metrics, analyze user data points, and monetization. Talkingdata was established in Sep. 2011 in Beijing. The Company finished Series A/B funding rounds of over tens of millions of dollars in 2013 and 2014 respectively. After nearly 4 years of rapid development, we now have close collaboration with 90% of the Top 10 distribution channels (Mobile app stores) and Top 10 Ad Networks in China. We are also developing cross-border cooperation with financial and other traditional industries.
Renrui offers integrated human resources services and digital technology solutions. They offer services such as business outsourcing, digital operations, and recruitment processing. They also offer human resources outsourcing services.

Eden Biologics

Convertible Note in 2018
Eden Biologics, formerly known as JHL Biotech ("JHL") , is a biopharmaceutical company that develops biosimilars and accelerates the development programs for clients & partners through the provision of contract development and manufacturing services. We are specialists in manufacturing biologics, from cell line development to commercial manufacturing with both global and regional regulatory affairs expertise.

Youdao

Series A in 2018
Youdao develops and operates mobile applications by using big data technology. It allows users to search for web pages, images, news, music, blogs, and Chinese-to-English dictionary. Youdao began operation in 2007, with its headquarters in Beijing in China. It operates as a subsidiary of NetEase.

Pony.ai

Series A in 2018
Pony.ai develops autonomous driving technology for vehicles. The company utilizes artificial intelligence and machine learning for vehicle navigation. Its systems are designed to operate in various driving conditions and environments. Pony.ai collaborates with automotive manufacturers to integrate its technology into commercial vehicles.

Meicai

Series E in 2018
Meicai sells agricultural products online that aims to change agriculture, rural areas, and farmers through the Internet.

Keyssa

Series C in 2017
Keyssa reinvented the connector with Kiss Connectivity. It’s a tiny solid-state system that makes device-to-device data flow simple, secure and instantaneous - freeing product designers and consumers from metal connectors, cables and wireless networks. Kiss Connectivity is a new way to transmit huge amounts of data and video rapidly between devices in close proximity, with virtually no battery drain. Keyssa’s coffee bean-sized connector combines breakthroughs in mechanical design, electromagnetics, materials science, and semiconductor technologies. Because this tiny system uses extremely high frequency (EHF) signals to transmit information securely using standard protocols, it avoids the manufacturing and consumer challenges of today’s other wired or wireless-network options for connecting devices.

Gamida Cell

Series F in 2017
Gamida Cell is a biopharmaceutical company developing advanced cell therapies for patients with blood cancers and hematologic diseases. Its product includes NiCord, a cell therapy based on NAM-expanded cord blood developed to improve and extend the life-saving benefits of hematopoietic stem cell transplant. The company applies an expansion platform supporting the properties of NAM to allogeneic cell sources that include omidubicel, an investigational product with potential as a life-saving alternative for patients in need of bone marrow transplant.

Souche

Series D in 2017
Souche, a leading automotive new retail platform in China, is founded by Mr. Yao Junhong, the former CAR Inc. founding team member and vice president, in December, 2012. By August 2018, Souche raised over $1.2 billion from investment or ganizations, including Alibaba group, Ant Financial Services Group, Morningside Venture Capital, Warburg Pincus, Primavera Capital Group, etc. Souche joined '2017 New Global Unicorns Ranking' by Silicon Valley global research organization PitchBook. Souche thrives to become the big intelligent brain of automotive industry. Souche has gradually constructed integrated automotive new retail ecosystem through years of development. Souche is regarded as 'the Alibaba of Chinese automotive industry'. Today, Souche and its relative corporations dedicate in numerous businesses, which include automotive financial leasing platform Tangeche, B2B industrial chain service platform Chehang168, Used-car online trade platform Cheyipai, Car sharing customized platform TIHD, SaaS products for used-car automotive dealers Dafengche and new-car sub-channels automotive dealership network Maicheguanjia, automotive dealership group ERP system provider Breakthrough, Kingdee and automotive supply chain warehouse logistics integrated service provider Iyunche, etc.

iQiyi

Series G in 2017
iQiyi is a Chinese ad-supported television and movie portal providing fully-licensed, high-definition, professionally produced content. iQiyi launched a large copyright procurement plan to create a comprehensive copyright content database covering movies, TV dramas, variety shows, documentaries, animation and travel, and other content. The company also enables brands to maximize their ROI with the SWS (Search-Watch-Share) model. Launched on April 22, 2010, as Qiyi, the company received investment funds from Baidu and Providence Equity Partners. On November 26, 2011, Qiyi announced its rebranding with the iQiyi brand name and a new logo. As of August 2012, iQiyi had over 370 million PC users, with a total monthly time spent of over 1,374 million hours, along with 90 million activated mobile users. iQiyi's major competitors include Youku.com, Tudou.com, and PPTV.

NextVR

Series B in 2016
NextVR enables the transmission of live, long-form virtual reality content in broadcast quality – leading the way for live and on-demand VR to become a mainstream experience for sporting events, concerts, cinematic productions and more. Launched in 2009, NextVR has more than 26 patents granted or pending for the capture, compression, transmission, and display of virtual reality content. NextVR's platform allows the fully immersive content to be streamed with pristine quality using current home and mobile Internet connections. NextVR was founded by veterans in stereoscopic imaging technology, software development and an award-winning filmmaker

Post-Quantum

Series A in 2016
Post-Quantum was founded to counter the emergent threat of quantum cryptanalysis. The company has since branched out into Identity and Access Management (IAM) and blockchain-enabled enterprise SaaS.

Pharmaron

Private Equity Round in 2015
Pharmaron provides research, development, and manufacturing services throughout the drug discovery, preclinical, and clinical development processes across therapeutic modalities, including small molecules, biologics, and CGT products. Their services include laboratory chemistry, biosciences, chemistry, manufacturing, safety assessment, clinical development, and drug discovery services.

KingMed Diagnostics

Private Equity Round in 2015
KingMed Diagnostics provides medical facilities with outsourced medical examination and pathology diagnosis services. Its offerings include mass spectrometry, inspection, pathology diagnosis, immunology testing, biochemical luminescence testing, genetic testing, physical and chemical testing, and pathology diagnosis.
UCloud Information Technology provides IaaS (base cloud computing), independent research and development, computational resource, storage resource, network resource, and other basic IT infrastructure services. It offers UCloud Physical Host that provides physical servers, UCloud Host, a UCloud-based mature cloud computing technology, UCloud Load Balancer, a load balancing service that offers automatic allocation of application data among multiple cloud hosts, UCloud Network, a UCloud network service that manages network resources, and UCloud Extended Hybrid Cloud that offers a hybrid deployment service of cloud platforms and server hosting. UCloud Information Technology also provides UCloud Disk that provides permanent hard disk storage space for cloud hosting, UCloud DataBase, a data base service based on mature cloud computing technology, UCloud Memory Storage, a key-value memory database, UCloud Content Delivery Network services, Object Storage that provides unstructured file storage services for Internet applications, UCloud Distributed Data Processing solutions, Cloud Security that provides testing services, and scheduling interface solutions for cloud computing resources. It serves video, O2O and E-Commerce, Internet finance, PaaS/SaaS, game, mobile SNS, online education, and digital marketing sectors. Ji Xinhua, Hua Kun, and Mo Xianfeng founded UCloud Information Technology in 2011. Its headquarters is in Shanghai in China.

FinVolution Group

Series C in 2015
FinVolution Group, formerly known as PPDai, is an online platform for peer-to-peer small unsecured loans in China. It builds a safe, high-performance, honest network platform with creative technology and ideals. FinVolution Group standardizes personal behaviors of debit and credit and brings returns to both lenders and borrowers. FinVolution was founded in August 2007 by founders from well-known companies.

Mediheal

Private Equity Round in 2015
Mediheal is a beauty brand that offers everyday sheet masks. The company approaches beauty scientifically, collaborating with leading dermatologists, scientists, and aestheticians to develop incredibly powerful all-in-one skin solutions. By redefining sheet masks as a flexible, expert, and cutting-edge treatment option, Mediheal has revolutionized the industry.
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