Xianghe Capital

Founded by Mr. Hesong Tang and Ms. Maggie Yang, Xiang He Capital is a venture capital fund focusing on early and growth stage investments in TMT industry in China. Before starting Xiang He, Mr. Tang was Baidu's VP of Corporate Development, overseeing strategic investments and M&A, and Ms. Yang was Baidu's Managing Director of Corporate Development. They have led a series of landscape-changing deals such as iQiyi, Qunar, PPS and 91 wireless, which all have a significant impact on China's TMT industry. Xiang He's team have a background from Corporate Development of Baidu, other leading internet companies, and VC funds. The team is particularly strong in strategic analysis and has deep connections in the internet industry. Xiang He's investments are driven by strategic analysis and collective wisdom.

Hesong Tang

Founding Partner

Maggie Yang

Co-Founding Partner

Past deals in China

Helixon

Series A in 2022
Huashen Zhiyao is a biotechnology company that accelerates novel drug discovery for unmet medical needs. Huashen Zhiyao develops an AI drug development platform and antibody engineering experiment platform to provide researchers with intelligent systems for microscopic molecular calculation, simulation, and design, committing to improving the speed and efficiency of new drug development.

Sensors Data

Series D in 2022
Founded in 2015 by Sang Wenfeng, Sensors Data specializes in big data analysis services and user behavior insights. The company has developed an analytics platform that offers eight analysis models for comprehensive cross-analysis, allowing clients to deeply understand user behavior, evaluate marketing effectiveness, and enhance product experiences. Sensors Data serves over 300 clients, including notable companies like Ofo, a bike-sharing service, Keep, a fitness app, and Miaopai, a video-sharing platform. Through its professional consulting services, Sensors Data aims to improve operational efficiency and provide valuable insights into user behaviors for its diverse clientele.

Data Grand

Series C in 2022
Data Grand specializes in text processing technology and intelligent office robot services, offering a range of solutions aimed at enhancing business efficiency across various industries. Their services include a text mining engine, intelligent recommendation systems, knowledge graphs, smart document reviews, and advanced search systems. Additionally, Data Grand provides tools for customer opinion insights, optical character recognition, and robotic process automation. By employing cutting-edge technologies such as natural language understanding and generation, the company enables users to efficiently extract, review, and search information from extensive databases. This focus on intelligent software systems helps enterprises improve their data mining capabilities while ensuring compliance and safety.

Guandata

Series C in 2022
Guandata is committed to the philosophy of “AI+BI makes decisions more intelligent” and is committed to providing next-generation data analytics and business intelligence (BI) solutions to new retail, new finance, pan-Internet and integrated group customers.

DataStory

Series C in 2022
Guangzhou DataStory Information Technology Co., Ltd. specializes in cloud-based brand marketing and channel operation solutions. Founded in 2015 and headquartered in Guangzhou, China, with additional offices in Shenzhen, Beijing, Shanghai, and Chengdu, the company offers a range of products designed to support data-driven decision-making. Its Shuoshao Radar platform assists with marketing strategy by researching industry trends, brand positioning, consumer insights, and optimizing media resources. The Brand Radar platform focuses on consumer voice data from e-commerce platforms, while Innovative Radar manages the digital lifecycle of products. DataStory leverages big data and artificial intelligence to empower businesses with comprehensive analytics, enabling them to make informed decisions based on both internal and external data.

Ractigen Therapeutics

Series A in 2022
Ractigen Therapeutics is an early-stage pharmaceutical company focused on developing first-in-class therapies that aim to selectively restore the expression of therapeutic genes silenced in diseased cells. Utilizing a groundbreaking technology known as RNA activation (RNAa), which originated from research at the University of California San Francisco, Ractigen is working on a diverse pipeline of candidate medicines targeting various conditions with significant unmet medical needs. The company’s innovative approach addresses diseases related to inadequate gene expression, concentrating on key therapeutic areas such as central nervous system disorders, tumors, liver diseases, and ophthalmic conditions. By leveraging its unique technology and a portfolio of innovative patents, Ractigen strives to deliver effective treatment options to patients.

Lingxing

Series C in 2021
Lingxing is a cross-border e-commerce SaaS service provider of ERP functional software products and solutions.

Helixon

Angel Round in 2021
Huashen Zhiyao is a biotechnology company that accelerates novel drug discovery for unmet medical needs. Huashen Zhiyao develops an AI drug development platform and antibody engineering experiment platform to provide researchers with intelligent systems for microscopic molecular calculation, simulation, and design, committing to improving the speed and efficiency of new drug development.

Jiepei.com

Series B in 2021
Jiepei.com Inc. is an online marketplace based in Hangzhou, China, specializing in the manufacturing of printed circuit boards (PCBs) and related electronic components. The company operates Jieji Extreme Speed PCB Super Factory, which aims to create a collaborative platform for the electronic information industry. Jiepei.com focuses on various sectors including consumer electronics, communications equipment, industrial control, instrumentation, intelligent hardware, and the Internet of Things. It offers professional one-stop services such as PCB customization, surface mount technology (SMT), and component distribution, catering to manufacturers in the electronics field.

IPLUSMOBOT

Series B in 2021
IPLUSMOBOT is one of the global leading companies in the autonomous mobile robot field, ranking the first of China industrial logistics natural navigation AMR market occupancy. IPLUSMOBOT was founded in 2016, whose headquarter is in Hangzhou and its subcompany have been established in Shenzhen and Tokyo. It provides logistics automatic, digital and intelligentized products to manufacturing industry, and helps enterprises increase the configuration efficiency of production and circulation resources, and integrated operation efficiency and benefits. So far, IPLUSMOBOT has served over 1000 customers, and the business scenes cover such industries as semiconductor, FPD, electronics, Lithium battery, photovoltaic, automobile, aviation, household electrical appliances, pharmaceutical, energy, food industry and so on.

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.

Aqrose Technology

Series B in 2021
Aqrose Technology Co., Ltd., founded in 2017 from the AI Lab of Tsinghua University, specializes in the application of advanced artificial intelligence and machine vision technologies in industrial settings. The company provides a range of products, including its standardized intelligent industrial vision platform AIDI and the AIPICK intelligent inspecting and sorting robot, which utilize 3D vision technology for automation. Aqrose's solutions support various sectors such as consumer electronics, automotive, new energy, pharmaceuticals, semiconductors, and logistics, enhancing manufacturing processes and product quality. With deployments in over 100 factories, including leading enterprises in advanced manufacturing and smart logistics, Aqrose is committed to empowering its clients through innovative technology.

Aqrose Technology

Series B in 2020
Aqrose Technology Co., Ltd., founded in 2017 from the AI Lab of Tsinghua University, specializes in the application of advanced artificial intelligence and machine vision technologies in industrial settings. The company provides a range of products, including its standardized intelligent industrial vision platform AIDI and the AIPICK intelligent inspecting and sorting robot, which utilize 3D vision technology for automation. Aqrose's solutions support various sectors such as consumer electronics, automotive, new energy, pharmaceuticals, semiconductors, and logistics, enhancing manufacturing processes and product quality. With deployments in over 100 factories, including leading enterprises in advanced manufacturing and smart logistics, Aqrose is committed to empowering its clients through innovative technology.

Rokae

Series C in 2020
Rokae specializes in the research, development, production, and application of lightweight industrial robots and advanced robot control systems aimed at enhancing industrial automation. The company focuses on delivering high-performance robotic products and interactive control systems across various sectors, including computing, communications, consumer electronics, textiles, food, medicine, and automotive manufacturing. By emphasizing independent research and development, Rokae aims to provide tailored hardware and integrated application solutions that add significant value for high-end manufacturers.

Tongcheng Shenghuo

Series C in 2020
Tongcheng Life is a community O2O group purchase service platform. With the community as a unit, it establishes a community sales office and completes offline delivery. The platform provides supply, logistics, storage and after-sales support. It mainly provides primary edible agricultural products, food, daily necessities, flowers and gardening, and crafts. , Beauty products and other services.

Sandstone

Series B in 2020
Sandstone is a provider of next-generation data storage solutions, specializing in software-defined storage systems that assist enterprises in transitioning from traditional storage to cloud environments. The company's offerings include a unified storage platform, mass object storage, and an ultra-fusion machine, all designed to address the complexities of data storage, traffic, and management. By focusing on storage virtualization and computation virtualization, Sandstone aims to create a robust cloud computing infrastructure. Additionally, the company is involved in data processing, mining, analysis, and intelligence, catering to the growing demands of big data systems and services.

Zuoyebang

Series E in 2020
Zuoyebang is an online education startup based in Beijing, China, founded in 2014 by Hou Jianbin. The company focuses on providing educational products and services for primary and high school students, utilizing artificial intelligence to enhance learning experiences. Its platform allows students to upload homework questions and seek answers, making it easier for them to tackle study-related challenges. In addition to homework assistance, Zuoyebang offers online courses, live lessons, and evaluations for students from kindergarten through 12th grade. The company has gained significant backing from prominent investors, including Baidu, Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners.

Mancando

Series B in 2020
Mancando is an automotive parts supplier based in Guangzhou, Guangdong, China, established in August 2015. The company specializes in providing a comprehensive range of car wearing parts essential for auto repair factories. Its product portfolio includes components for lubrication, braking, wiper, filtering, ignition, timing, and lighting systems. By integrating traditional auto parts management with internet and platform management, Mancando offers an innovative approach that allows customers to access all necessary automotive products from a single source.

Sensors Data

Series C in 2020
Founded in 2015 by Sang Wenfeng, Sensors Data specializes in big data analysis services and user behavior insights. The company has developed an analytics platform that offers eight analysis models for comprehensive cross-analysis, allowing clients to deeply understand user behavior, evaluate marketing effectiveness, and enhance product experiences. Sensors Data serves over 300 clients, including notable companies like Ofo, a bike-sharing service, Keep, a fitness app, and Miaopai, a video-sharing platform. Through its professional consulting services, Sensors Data aims to improve operational efficiency and provide valuable insights into user behaviors for its diverse clientele.

Hotspot

Series B in 2020
Shanghai HotSpot Catering Management Co., Ltd. is a catering company established in 2008 and based in Shanghai, China. The company operates two central kitchens located in the Shanghai Nanhui Industrial Zone and Jinqiao, covering an area of approximately 3,000 square meters. HotSpot specializes in providing comprehensive catering solutions, including food distribution, on-site canteen hosting, and restaurant operations tailored for various clients such as industrial parks, manufacturing services parks, and commercial office buildings. With the capacity to serve 40,000 meals per day, HotSpot aims to enhance the dining experience through intelligent management systems, innovative space design, and a commitment to social responsibility, all while integrating specialty cuisines into its offerings.

DataCanvas

Series C in 2020
DataCanvas is a data analysis service platform based in China.

Dingdong Class

Series B in 2020
Dingdong Ketang is an intelligence (AI)driven online english language learning platform.

Shumei Technology

Series C in 2020
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.

Yunxi

Series B in 2019
Yunxi Technology, based in Hangzhou, is an intelligent digital service provider specializing in cloud migration and digital transformation for medium-sized enterprises. The company leverages big data and cloud technology to offer network construction and cloud application services, targeting industries such as consumer goods, real estate, and automotive. With a focus on driving enterprise digital transformation, Yunxi utilizes a dual-center platform centered on business and data. The company has successfully implemented digital solutions for over 40 leading domestic and international companies, including Zhujiang Beer and Changan Ford. Yunxi has a robust technical team, comprising more than 85% of its 600+ employees, which underscores its strong capabilities in research and development. As a core partner of Alibaba Cloud, Yunxi aims to enhance digital service offerings and facilitate industry transformation through innovative cloud solutions. The company has also secured strategic investments from prominent funds, further supporting its growth and service expansion in the digital landscape.

Yihui Information

Series A in 2019
Yihui Information provides technical assistance and integrated hardware and software solutions. They also offer development kits, virtualization, cloud native that includes mission-critical cloud native, microservices architecture, container management services, and more.

Dingdong Class

Series A in 2019
Dingdong Ketang is an intelligence (AI)driven online english language learning platform.

Guandata

Series B in 2019
Guandata is committed to the philosophy of “AI+BI makes decisions more intelligent” and is committed to providing next-generation data analytics and business intelligence (BI) solutions to new retail, new finance, pan-Internet and integrated group customers.

Beidian

Series A in 2019
Beidian providing consumers with home, clothing, food, beauty, mother and baby, etc. good stuff. Different from the traditional platform, the store communicates through the social sharing of people, realizes the three-way connection between consumers, shopkeepers and supply chain, and delivers selected good goods to consumers. Badian adheres to the source supply chain model and has reached in-depth cooperation with tens of thousands of high-quality brands, source factories and agricultural products bases around the world to ensure that consumers can spend less money to buy better products.

Moka

Series B in 2019
Moka is a software-as-a-service (SaaS) company that specializes in optimizing recruitment processes for businesses. Its platform leverages machine learning algorithms and artificial intelligence to analyze resumes and identify key characteristics of job seekers. By utilizing local semantic analysis and pattern matching, Moka effectively summarizes recruitment behavior data and conducts extensive statistical analysis. This enables organizations to gain insights into industry trends and refine their candidate selection process. The platform automates candidate screening and makes recommendations, allowing recruiters to post job listings across various platforms with ease. Moka aims to enhance recruitment effectiveness by helping companies identify suitable candidates more accurately and efficiently.

Huolala

Series D in 2019
Huolala offers logistics services, moving, less-than-truckload, car rental and sales, and after-car services. Founded in 2013 and grown in the Guangdong-Hong Kong-Macao Greater Bay Area.

DiYiDan

Series C in 2018
DiYiDan is an online platform that fosters community engagement among users who share a passion for anime, comics, and games (ACG). It provides a space for individuals to discuss and exchange information, including game strategies, popular titles, and related multimedia content. The platform not only facilitates learning about various aspects of ACG but also encourages users to connect with like-minded individuals, thereby enhancing their social interactions and skills within this niche community.

Sensors Data

Series C in 2018
Founded in 2015 by Sang Wenfeng, Sensors Data specializes in big data analysis services and user behavior insights. The company has developed an analytics platform that offers eight analysis models for comprehensive cross-analysis, allowing clients to deeply understand user behavior, evaluate marketing effectiveness, and enhance product experiences. Sensors Data serves over 300 clients, including notable companies like Ofo, a bike-sharing service, Keep, a fitness app, and Miaopai, a video-sharing platform. Through its professional consulting services, Sensors Data aims to improve operational efficiency and provide valuable insights into user behaviors for its diverse clientele.

DataCanvas

Series B in 2018
DataCanvas is a data analysis service platform based in China.

Infervision

Series B in 2018
Infervision is an artificial intelligence company based in Beijing that specializes in medical imaging diagnosis. Utilizing deep learning technology and computer vision, Infervision develops innovative solutions to assist in the diagnosis of cancers and other medical conditions. The company launched the world's first artificial intelligence precise healthcare platform and has introduced intelligent X-ray and CT diagnosis products, which are currently undergoing trials in several prominent hospitals in China. Infervision collaborates closely with top medical institutions, fostering strong partnerships with nearly 20 Tertiary Grade A hospitals, including Peking Union Medical College Hospital and Tongji Medical College. This collaboration aims to enhance the integration of medical data, technology, and application scenarios, ultimately providing more accurate and efficient diagnostic tools for healthcare professionals. Through its research and development efforts, Infervision is committed to advancing the field of artificial intelligence in healthcare, thereby improving patient outcomes and reducing costs.

Ezcarry

Series A in 2018
Ezcarry is an international logistics solutions provider headquartered in Shanghai, China. The company offers a comprehensive online trading platform tailored for trading enterprises, integrating both domestic and international logistics services. Ezcarry's platform connects various logistics resources and manages the international logistics supply chain while also providing supply chain financial services. This one-stop solution is designed to meet the technology and logistics needs of logistics and international companies efficiently.

Kuaikan Manhua

Series D in 2017
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.

Lalamove

Series C in 2017
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.

Zuoyebang

Series C in 2017
Zuoyebang is an online education startup based in Beijing, China, founded in 2014 by Hou Jianbin. The company focuses on providing educational products and services for primary and high school students, utilizing artificial intelligence to enhance learning experiences. Its platform allows students to upload homework questions and seek answers, making it easier for them to tackle study-related challenges. In addition to homework assistance, Zuoyebang offers online courses, live lessons, and evaluations for students from kindergarten through 12th grade. The company has gained significant backing from prominent investors, including Baidu, Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners.

iQiyi

Series G in 2017
iQIYI, Inc. is a prominent online entertainment service provider in China, offering a diverse range of content and services under its brand. The company delivers internet video, online games, live broadcasting, online literature, animations, and e-commerce, operating a platform that features both professionally-produced and self-created content. With approximately 100 million paying subscribers and around 500 million monthly active users, iQIYI generates revenue primarily through subscription fees, content distribution, gaming, and online advertising. The platform also provides user-generated content for free, monetized through video-brand advertisements. Additionally, iQIYI operates iQIYI Mall, an e-commerce site focused on entertainment-related products, and offers a live broadcasting service and a social media platform. Established in 2009 and headquartered in Beijing, iQIYI is a subsidiary of Baidu Holdings Limited and competes with other major streaming services in a rapidly evolving industry.

Lalamove

Series B in 2017
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.

Yunmanman

Series D in 2016
Yunmanman is a mobile application dedicated to enhancing efficiency in the road transport and logistics sector. It serves as a platform that connects truck drivers with cargo owners, facilitating improved cargo allocation and transportation management. By providing comprehensive information and transaction services, the application aids users in finding suitable vehicles for their goods and vice versa. Yunmanman is based in Shanghai's Jiading Industrial Zone and was co-founded by a team of executives, including several experts from the logistics industry, notably from Alibaba. The company's focus is on optimizing freight transportation through intelligent logistics solutions and efficient vehicle dispatch.

Zuoyebang

Series B in 2016
Zuoyebang is an online education startup based in Beijing, China, founded in 2014 by Hou Jianbin. The company focuses on providing educational products and services for primary and high school students, utilizing artificial intelligence to enhance learning experiences. Its platform allows students to upload homework questions and seek answers, making it easier for them to tackle study-related challenges. In addition to homework assistance, Zuoyebang offers online courses, live lessons, and evaluations for students from kindergarten through 12th grade. The company has gained significant backing from prominent investors, including Baidu, Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners.
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