Sequoia Capital is a prominent venture capital firm founded in 1972 and based in Menlo Park, California. The firm specializes in investing across various stages of startups, including seed, early, and growth stages, and focuses on sectors such as technology, healthcare, financial services, internet, and mobile. Sequoia typically invests between $100,000 and $1 million in seed companies, $1 million to $10 million in early-stage ventures, and $10 million to $100 million in growth investments. The firm operates globally, with significant activities in regions like Israel, China, and India, where it partners with dynamic founders to build successful companies. Sequoia's extensive portfolio includes notable firms and offers valuable insights and resources, benefiting from decades of experience in the venture capital landscape.

work with private equity and venture capital fund managers, investment advisors and business entities from around the world.

Matrix Partners is a venture capital firm established in 1977, with offices in San Francisco, Cambridge, Shanghai, Beijing, Mumbai, and Bangalore. The firm focuses on seed, early-stage, late-stage, and growth capital investments across various sectors, including software, communications, artificial intelligence, fintech, digital health, and clean technology. With a commitment to building long-term relationships with entrepreneurs, Matrix Partners aims to support visionary founders in developing significant, industry-leading companies. The firm has a strong track record, having participated in hundreds of investments, with many of its portfolio companies achieving successful IPOs or profitable mergers and acquisitions. The team at Matrix Partners combines local insights with global expertise, comprising both former entrepreneurs and seasoned investors.

ZhenFund is a venture capital firm established in 2011 by Bob Xu and Victor Wang in collaboration with Sequoia Capital China, focusing primarily on seed-stage investments. With over $1 billion under management, ZhenFund has become a significant player in China's early-stage venture capital landscape and is expanding its operations in the United States. The firm's portfolio includes over 750 high-growth companies, such as 17zuoye, OFO, VIPKID, and RED, reflecting its commitment to nurturing innovative startups. Bob Xu, a prominent figure in the industry, has seen multiple seed investments achieve IPOs in New York City, a testament to ZhenFund's successful investment strategy. The firm aims to support and inspire the next generation of global entrepreneurs through its investment activities.

Shunwei, Inc. is a Beijing-based venture capital firm founded in 2011, focusing on early to mid-stage investments primarily in the technology and internet sectors. The firm specializes in a diverse range of industries, including telecommunications, media, healthcare, smart manufacturing, e-commerce, and internet finance. Shunwei aims to support startups through incubation and growth capital investments, with a particular emphasis on opportunities within China and India, as well as cross-border investments. The firm has managed several funds and has been active in making numerous investments, contributing to the rapid growth of the local internet industry. Founded by notable entrepreneur Lei Jun, Shunwei has established itself as a significant player in the venture capital landscape, backing innovative companies and technologies.

5Y Capital is a private equity and venture capital firm based in Shanghai, China, specializing in seed, startup, early venture, and growth capital investments. Established in 1992, the firm focuses on a diverse range of sectors, including healthcare, technology, fintech, internet services, consumer services, media, and life sciences, among others. It aims to support entrepreneurs in building innovative companies, particularly in China and other emerging markets in Asia/Pacific. Managing approximately USD 5 billion in dual-currency funds, 5Y Capital attracts investments from global sources, including sovereign wealth funds and family offices. The firm typically makes initial investments exceeding USD 500,000 per portfolio company. 5Y Capital operates under the Morningside Group, which is committed to socially responsible investing, particularly in educational opportunities and scientific research.

Qiming Venture Partners is a prominent venture capital firm established in 2006 and headquartered in Shanghai, with additional offices in Beijing, Suzhou, and Hong Kong. The firm specializes in investing in early to growth-stage companies across various sectors, including media and internet, information technology, consumer and retail, healthcare, and clean technology in China. Since its inception, Qiming has built a reputation as a leading investment firm in the region, managing multiple funds with over $1 billion in assets. The firm aims to support promising entrepreneurs and innovative businesses, contributing to the development of China's dynamic economic landscape.

Hillhouse Investment Management, Ltd. is a private equity firm founded in 2005 by Zhang Lei, with a focus on long-term investments across various stages, from seed funding to buyouts and public equities. The firm operates globally, emphasizing opportunities in Asia, and invests primarily in sectors such as consumer goods, technology, media, telecommunications, healthcare, and advanced manufacturing. In the healthcare space, Hillhouse particularly targets biotechnology, medical devices, and pharmaceuticals. Its investment strategy is characterized by a stage-agnostic approach, allowing for continued investment in companies as they progress from startups to established public entities. Hillhouse is headquartered in Central, Hong Kong, with additional offices in Beijing and New York, and operates as a subsidiary of Hillhouse Capital Group Limited.

Legend Capital, founded in 2001 as a subsidiary of Legend Holdings Ltd., is a prominent asset manager based in China. With a focus on private equity investments, the firm manages approximately $700 million across four funds and specializes in early-stage and mid-market growth ventures. Its investment strategy primarily targets high-growth companies with significant operations in China or related markets, particularly in sectors such as information technology, consumer goods, clean technology, healthcare, and equipment manufacturing. Legend Capital is known for its active involvement with portfolio companies, providing comprehensive business resources and tailored services to enhance business development and company visibility in the Chinese market. The firm’s portfolio includes notable companies like Joyo.com, SinoCom, and Solarfun Power, reflecting its commitment to driving innovation and value creation within China's venture capital landscape.

GGV Capital is a global venture capital firm established in 2000, specializing in investments in local founders across various sectors. The firm focuses on seed-to-growth stage investments in areas such as Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud, and Frontier Tech. GGV manages approximately $6.2 billion in capital across 13 funds, offering expansion capital ranging from $5 to $25 million for initial investments. Its portfolio includes notable companies such as Airbnb, Alibaba, Affirm, ByteDance, and Peloton. GGV Capital operates offices in major tech hubs including Beijing, San Francisco, Shanghai, and Silicon Valley, emphasizing a commitment to supporting innovative businesses in the United States, China, and Southeast Asia.

Tencent Holdings Limited, founded in 1998 and headquartered in Shenzhen, is a leading internet service provider that offers a diverse range of value-added services and online advertising solutions. The company operates through several segments, including Value-Added Services (VAS), FinTech and Business Services, and Online Advertising. Tencent is well-known for its popular communication and social platforms, such as WeChat and QQ, which facilitate user connectivity and provide various digital content and lifestyle services. In addition to social networking, Tencent engages in online gaming, cloud services, and the production and distribution of films and television programs. The company's extensive portfolio also includes software development, information technology services, and online entertainment. Tencent's strategic focus is on delivering comprehensive online services that cater to the diverse needs of internet users, solidifying its position as a significant player in the global digital landscape.

Source Code Capital, founded in 2014, is a prominent venture capital firm based in Beijing, China, specializing in the technology, media, and telecommunications (TMT) sectors. With approximately $1.5 billion in assets under management, the firm invests in both early-stage startups and growth-stage companies, having partnered with nearly 150 leading Chinese technology founders, including notable firms such as Bytedance and Meituan. Source Code Capital focuses on three key drivers: Internet+, AI+, and Global+, and allocates investments across various sectors, including finance, media and entertainment, consumer services, enterprise, retail, transportation, housing, education, and healthcare. Additionally, the firm offers a comprehensive post-investment platform that provides startups with mentorship, resources, and insights to support the growth and success of their ventures.

Shenzhen Capital Group Co., Ltd is a venture capital firm established by the Shenzhen Government in 1999. The company aims to cultivate national industries, promote economic transformation, and support emerging industries. With a registered capital of 5.42 billion RMB and total assets under management of 338.99 billion RMB, the firm primarily invests in small and medium-sized enterprises (SMEs), innovative high-tech companies, and businesses in various stages of growth and transformation. Its investment focus spans sectors aligned with national policies, including information technology, new media, biopharma, new energy, environmental protection, and high-end equipment manufacturing. By April 2019, Shenzhen Capital Group had built a diverse portfolio of 994 companies, with investments totaling 43.9 billion RMB, and had successfully listed 145 of these companies across 16 global capital markets.

Northern Light Venture Capital, founded in 2005 by Feng Deng and Yan Ke, is a China-focused venture capital firm that manages approximately $1.5 billion in committed capital across multiple funds. With a team of five Managing Directors, it has invested in over 180 portfolio companies, primarily targeting early and growth stage opportunities in sectors such as information technology, new media, clean technologies, consumer services, and healthcare. The firm is distinguished by its partnership of experienced local Chinese and returnee executives, who have significant backgrounds in investing and entrepreneurship. Notable portfolio companies include Meituan.com, Kaixin001.com, and Gogo.com. Northern Light Venture Capital aims to leverage China's industrial and economic resources to foster innovative and disruptive business ventures that can thrive in the global market.

WI Harper Group is a venture capital firm established in 1993 that specializes in early and early expansion investments, primarily within Mainland China, Taiwan, and Silicon Valley. The firm has made over 300 investments and achieved more than 80 exits, managing nine funds with over $1 billion in capital. Its team of 19 investment professionals operates from offices in Beijing, Taipei, and San Francisco. WI Harper Group focuses its investments on technology, clean technology, and healthcare sectors. The firm has a notable track record, having invested in companies such as DivX, Focus Media, Vizio, SiRF, and Commerce One.

BlueRun Ventures is a venture capital firm established in 1998 and headquartered in Menlo Park, California, with additional offices in Shanghai, Beijing, and Korea. The firm specializes in early-stage investments, particularly in mobile businesses and consumer technologies, with a focus on mobile software, financial technology, and various sectors within the information technology landscape. BlueRun Ventures has a global investment strategy, targeting key markets in Asia, including China, Korea, and India, as well as regions in Canada, Europe, Japan, and the United States. The firm typically makes initial investments ranging from $0.1 million to $50 million, reserving additional capital for follow-on funding. Over its history, BlueRun has invested in more than 160 companies and has achieved notable exits, including PayPal, Waze, and Topsy. The firm was previously known as Nokia Venture Partners before rebranding in 2005.

Sequoia China Investment Management LLP is a venture capital firm specializing in seed stage, start-up, early stage, mid stage, late stage, and growth stage investments. It primarily invests in the field of technology/media, telecommunications, enterprise services, medical healthcare, new drugs, new diagnostic techniques, ophthalmology, consumer products/consumer services, consumer upgrade, logistics, supply chain, advanced manufacturing, robots, industrial technology, carbon neutrality, changes brought about by artificial intelligence technology on new drug development, and biomedical innovation with focus on gene therapy, gene sequencing, and gene editing. The firm prefers to invest in the primary and secondary markets. Sequoia Capital China Fund was founded in September 2005 and is based in Beijing, China with additional offices in Admiralty, Hong Kong; Shanghai, China; Bengaluru & New Delhi, India; Singapore; Tel-Aviv, Israel; and Menlo Partk, California. Sequoia China Investment Management LLP operates as a subsidiary of Sequoia Capital Operations LLC.

China Culture Industrial Investment Fund Management Co., Ltd. is a principal investment firm located in Beijing, China, primarily focused on the cultural industry. As the only state-level cultural industry investment fund, it plays a significant role in advancing the development of China's cultural sector, aligning with the goals set by the Party Central Committee and the State Council. The fund aims to attract social capital into the cultural industries, thereby enhancing investment and financing mechanisms. Established in 2009, the firm manages investments in various areas, including news publishing, media, cultural arts, cultural technology, and leisure activities. It is jointly established by several organizations, including state-owned enterprises, and operates under principles of standardized management and sound financial practices. The management's objective is to provide market-oriented investment services to foster the growth of China's cultural landscape.

GSR Ventures is a venture capital firm established in 2004 and based in Palo Alto, California. The firm specializes in early-stage investments, focusing primarily on technology companies that develop AI-enabled healthcare technology, enterprise software, and consumer platforms. GSR Ventures aims to support entrepreneurs with global ambitions who are creating disruptive businesses capable of capturing significant market share in multi-billion dollar industries. The firm manages approximately $3 billion across its various funds and has a history of leading early investment rounds in notable companies such as Qunar, Xiaohongshu, and Didi Chuxing, among others.

Gaorong Capital is a Beijing-based investment firm founded in 2013, specializing in early-stage investments primarily within the technology sector in the Asia-Pacific region. The firm targets various industries, including telecommunications, media, life sciences, cosmetics, and technology. Gaorong Capital manages multiple funds, such as the Gaorong RMB Fund I, which focuses on seed-stage startups and those preparing for initial public offerings on the Chinese A-share market. The investment firm is backed by a diverse group of prominent investors, including sovereign wealth funds, university endowments, family foundations, pension funds, and successful entrepreneurs from major companies like Tencent, Alibaba, Baidu, JD, and Xiaomi. This network provides Gaorong Capital with valuable industry resources, entrepreneurial expertise, and global insights, enhancing its capacity to support emerging ventures in the region.

Xiang He Capital is a venture capital firm founded in 2010 by Hesong Tang and Maggie Yang, with a focus on early and growth-stage investments in the technology, media, and telecommunications (TMT) sectors in China. The firm is headquartered in Palo Alto, California, and has a significant presence in Beijing. Both founders have extensive experience in corporate development, particularly from their previous roles at Baidu, where they led notable investments that shaped the TMT landscape in China. The team at Xiang He Capital possesses strong expertise in strategic analysis and maintains deep connections within the internet industry, enhancing their investment capabilities. Their portfolio includes companies in various domains, such as information technology, artificial intelligence, machine learning, edtech, and e-commerce, driven by a commitment to strategic insights and collective decision-making.

Baidu Ventures is an independent venture fund established in 2017, with offices in Beijing and San Francisco. It manages approximately $500 million across three funds, supported by Baidu and other prominent financial institutions. The fund's primary mission is to invest in entrepreneurs and companies that are advancing the field of artificial intelligence, particularly those innovating in the information technology sector. Baidu Ventures focuses on identifying and nurturing startups that are transforming everyday life and work through artificial intelligence and machine learning. One of its specific funds, the Baidu Artificial Intelligence RMB Fund, launched in 2018, is dedicated to investing in AI-focused companies within China.

K2VC is a venture capital firm founded in 2010 and based in Beijing, China. The firm specializes in angel and early-stage investments, primarily targeting the technology sector, including internet, e-commerce, mobile internet, and fintech. K2VC aims to promote change and technological progress by investing in innovative business models and lifestyles within Chinese technology start-ups.

CDH Fund IV is a private equity fund managed by CDH Investments, a firm established in 2002 and based in Beijing, China. The fund focuses on investments within China, particularly in the healthcare, business-to-consumer (B2C), and information technology sectors. CDH Investments has built a diversified alternative asset management platform, encompassing private equity, venture capital, growth capital, real estate, and more. The firm is known for its commitment to fostering long-term partnerships with global investors and portfolio companies, leveraging its experienced team to identify and capitalize on investment opportunities across various stages of the corporate lifecycle. By concentrating on industries such as healthcare and technology, CDH Fund IV aims to generate significant returns while aligning with market trends and consumer demands.

SIG China operates through SIG Asia Investments, a wholly foreign-owned enterprise based in Shanghai with an office in Beijing. The firm focuses on venture capital and private equity investments within China, aiming to deploy proprietary capital in companies operating in the region. As part of the larger Susquehanna International Group, which has over two decades of experience in financial services, SIG China benefits from a robust foundation in trading, market making, and institutional research. The team emphasizes an entrepreneurial approach, leveraging advanced technology and quantitative research to identify and develop investment opportunities. With a commitment to expanding its business in China, SIG Asia Investments plays a pivotal role in fostering growth within the local investment landscape.

Innoangel Fund is a venture capital firm established in 2013 and headquartered in Beijing, China. The firm focuses on investing in early-stage companies, specifically targeting seed to pre-Series A funding rounds. Innoangel Fund specializes in sectors such as artificial intelligence, robotics, consumer products, entertainment, information technology, healthcare, and financial technology. Additionally, it manages the Tianjin Innoangel RMB Fund, which is dedicated to investing within China.

Joy Capital is a Beijing-based venture capital firm established in 2011 that specializes in early and growth stage investments. The firm focuses primarily on technology, media, and telecommunications (TMT), as well as innovative consumption sectors such as e-commerce, automobile, and entertainment. With a strong track record, Joy Capital has invested in over 80 startups, including more than 10 that have reached unicorn status. The firm is committed to partnering with entrepreneurs, providing guidance during critical decisions and sharing the challenges and successes of building new businesses. Its founders bring extensive experience from their backgrounds as investors and operational executives across Europe, North America, and Asia.

Shenzhen Oriental Fortune Capital Co., Ltd. is a venture capital firm established in 2006 and headquartered in Shenzhen, China, with additional offices in Shanghai, Beijing, and Wuhu. The firm specializes in a broad range of investment stages, including seed, early venture, mid venture, late venture, emerging growth, pre-IPO, and growth capital. It primarily focuses on sectors such as information technology, telecommunications, biomedicine, advanced manufacturing, fintech, environmental protection, and cultural consumption. Oriental Fortune Capital aims to support companies that align with state economic policies and seeks investment opportunities across major Chinese regions, including the Pearl River Delta, Yangtze River Delta, and Circum-Bohai-Sea areas. The firm prefers to acquire control rights in its investments and typically allocates its portfolio with 20% dedicated to early-stage ventures, 40% to expansion-stage companies, and 40% to pre-IPO firms.

Fortune Venture Capital, established in 2000 and based in Shenzhen, is one of the pioneering venture capital firms in China. The firm specializes in investing in key sectors including technology, media, telecommunications (TMT), consumer goods and services, healthcare, clean technology, modern agriculture, and intelligent manufacturing. Recognized for its high performance in the venture capital industry, Fortune Venture Capital has held leadership positions within various investment associations. In addition to financial support, the firm offers tailored value-added services to its portfolio companies, enhancing their growth and operational efficiency.

DCM Ventures is a venture capital firm established in 1996 that focuses on assisting entrepreneurs in building transformative companies in the technology sector, particularly in software, consumer products, digital media, mobile, and communications. With a team that boasts over a century of combined investing and operational experience, DCM partners have a proven track record of guiding high-growth startups to billion-dollar valuations. The firm manages ten funds totaling $4.0 billion and has invested in over 400 technology companies across the United States and Asia. DCM operates from offices in Silicon Valley, Beijing, and Tokyo, providing portfolio companies with hands-on operational support and access to a wide-ranging network of global business and financial resources to foster their growth and success.

Alibaba Group is a leading global e-commerce and technology company based in Hangzhou, China, founded in 1999. It operates a diverse range of online and mobile commerce platforms, including Taobao, Tmall, and AliExpress, catering to both consumers and businesses. The company is structured into four main segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives. In addition to its marketplaces, Alibaba provides logistics services through Cainiao, digital payment solutions via Alipay, and various cloud services encompassing data management and analytics. The company also engages in digital content through platforms like Youku and Alibaba Pictures, while offering tools for business efficiency, such as DingTalk and Amap. Alibaba's extensive ecosystem connects consumers, merchants, and service providers, facilitating seamless transactions and enhancing operational efficiencies across its platforms.

Microsoft Corporation, founded in 1975 by Bill Gates and Paul Allen, is a multinational technology company headquartered in Redmond, Washington. The company develops, manufactures, licenses, and supports a diverse array of software products and services. Its offerings include the Windows operating system, Microsoft Office suite, and various enterprise software solutions under the Microsoft Dynamics brand, which encompasses customer relationship management and enterprise resource planning applications. Microsoft also produces hardware, including Xbox gaming consoles and Surface devices, and provides cloud services through Microsoft Azure. The company supports startups globally through initiatives like the Microsoft Accelerator and Microsoft for Startups, which offer mentorship, resources, and access to its cloud platform. Microsoft markets its products through a network of original equipment manufacturers, distributors, and resellers. The company serves a broad range of industries, including sales, retail, manufacturing, and financial services, making it a key player in the technology sector.

Fosun RZ Capital, established in 2013 and headquartered in Beijing, serves as the venture capital arm of Fosun Group, focusing on various stages of investment, from early startups through to pre-IPO opportunities. The firm primarily invests in sectors such as internet and high technology, including finance, education, healthcare, and innovative consumer products. Additional areas of interest encompass modern services, technology, media, telecommunications, and artificial intelligence, particularly in security, autopilot, and retail applications. With a portfolio exceeding 100 companies and approximately $1.2 billion in assets under management, Fosun RZ Capital has made investments across China, the United States, India, Israel, and Southeast Asia. The firm aims to leverage its strategic resources to foster science and technology innovation while creating connections between global markets and resources.

Redpoint is a venture capital firm founded in 1999, based in Woodside, California, with additional offices in San Francisco, Beijing, and Shanghai. The firm specializes in early-stage and growth capital investments, primarily focusing on technology, media, telecommunications, consumer internet, and alternative energy sectors. Redpoint manages approximately $4 billion across multiple funds and has a history of backing over 465 companies, resulting in 140 initial public offerings and mergers and acquisitions. Investments typically range from $0.1 million to $50 million, with a preference for seed and early-stage companies. Redpoint China Ventures, a division of the firm, specifically targets seed and early venture investments within the technology-driven consumer and enterprise IT sectors in China. The firm seeks to partner with visionary founders to drive innovation and market transformation across various industries.

SDIC Venture Capital Management Co., Ltd., established in 2016 and based in Beijing with an additional office in Shanghai, is a principal investment firm focused on advancing national strategic industries in China. It specializes in sectors such as smart manufacturing, integrated circuits, artificial intelligence, network information security, new materials, consumerism, information technology, environmental protection, new energy, biopharmaceuticals, and healthcare. The firm manages four funds, with total assets under management amounting to RMB 14 billion. SDIC Venture Capital aims to facilitate the marketization and industrialization of scientific and technological achievements while aligning with national innovation strategies. By investing in key research directions and supporting technological innovation, the firm seeks to implement national development strategies and foster collaboration among government, society, and market entities.

Yunqi Partners is a venture capital firm based in Shanghai, with additional offices in Beijing and Shenzhen. The firm manages multiple funds, including two USD funds, one RMB fund, and a special fund, with assets totaling billions of RMB. Yunqi Partners is supported by a diverse and experienced investment team, whose members have backgrounds in various industries and have previously worked at prominent companies such as IDG Capital, GGV Capital, Google, and Microsoft Research Asia. This team has successfully invested in numerous innovative enterprises in both China and the United States. One of its notable funds, Net Innovation, closed at CNY 640 million in June 2019, focusing on sectors such as artificial intelligence, advanced manufacturing, robotics, and the Internet of Things.

Bertelsmann Asia Investments (BAI), established in January 2008, is the investment arm of Bertelsmann AG, managing over 3 billion USD in funds. Based in Beijing with an additional office in Shanghai, BAI focuses on direct investments and fund of funds, targeting early-stage to growth-stage companies. The firm emphasizes sectors such as fintech, consumer upgrades, new media, education, electronic commerce, and mobile healthcare. BAI aims to support market frontrunners and innovators, leveraging Bertelsmann's extensive global resources to facilitate the growth of its portfolio companies. With a long-term and strategic investment approach, BAI primarily focuses on opportunities in the United States, Asia—especially China—and Europe.

New Alliance Capital is a venture capital and private equity firm founded in 2008 and headquartered in Shanghai, China. The firm specializes in early-stage, growth-stage, and pre-IPO investments across a diverse range of sectors, including high-end manufacturing, technology, advanced agriculture, consumer goods, information, media, energy, recycling, environmental protection, and modern services. New Alliance typically invests amounts ranging from approximately $4.71 million to $31.41 million. In addition to its investments in China, the firm also focuses on private equity opportunities in the United States, particularly in the technology, media, and telecommunications (TMT), cultural media, healthcare, and energy sectors.

SoftBank Group Corp. is a multinational telecommunications and internet corporation based in Tokyo, Japan. Established in 1981, it provides a wide range of services including mobile and fixed-line communications, broadband, and digital television. The company operates through several segments, including the SoftBank Vision Fund, which focuses on investing in technology sectors such as artificial intelligence, robotics, and fintech. Additionally, SoftBank manufactures and distributes mobile devices and offers services in e-commerce, internet advertising, and IT solutions. The firm also engages in renewable energy by generating and supplying electricity. Beyond telecommunications, SoftBank has interests in various sectors, including media, professional sports, and fashion through platforms like ZOZOTOWN. With a global presence, SoftBank actively invests in growth-stage companies, aiming to foster innovation and technological advancement across diverse industries.

Lightspeed China Partners is a prominent venture capital firm based in Shanghai, specializing in early-stage investments across various sectors, including mobile, Internet, software, and technology-enabled services. The firm manages three USD funds and one RMB fund, which collectively focus on identifying and nurturing the next generation of entrepreneurial leaders in China. Its investment strategy typically involves funding ranges from USD 0.5 million to USD 10 million, depending on the specific fund and target sector. The team at Lightspeed China Partners emphasizes a culture of equality, respect, and collaboration, reflecting their commitment to excellence and a win-win approach in business. By analyzing market trends and working closely with innovative teams, the firm aims to support entrepreneurs in realizing their visions.

SAIF Partners is a prominent private equity firm based in Hong Kong, established in 2001. The firm specializes in providing growth capital to companies across various sectors, including Information Technology, Internet, Mobile, Consumer Products and Services, Healthcare, Cleantech, Education, Modern Agriculture, Financial Services, and Manufacturing. With over $4 billion in capital under management and more than 100 investments since its inception, SAIF Partners has established itself as one of the largest and most active investment funds in the Asia region. The firm focuses on privately negotiated equity and equity-linked investments, primarily targeting opportunities in the greater China region, and is backed by local teams in Hong Kong, China, and India.

CBC Capital, founded in 2006 by Dr. Edward Suning Tian, is a private equity firm based in China that specializes in investments within the technology, media, and telecommunications (TMT) sectors. It is recognized as a significant player in the Chinese Internet and technology landscape, having made notable investments in both enterprise and consumer Internet companies. CBC Capital combines its operational expertise with strategic investment practices to enhance the value of its portfolio, which includes prominent firms such as 21Vianet, AsiaInfo, and Dianping. The firm manages multiple funds with a total asset under management exceeding USD 2 billion, focusing on opportunities primarily in East Asia. By targeting the TMT and information technology industries, CBC Capital continues to strengthen its position as a leading investor in these rapidly evolving sectors.

Baidu, established in 2000 and headquartered in Beijing, is the largest internet search engine in China, commanding over 50% of the market share as of 2024. The company provides a range of services, including online search, community forums, and vertical industry searches, as well as navigation and online storage solutions. Baidu's primary revenue, accounting for 72% in 2023, comes from online marketing services linked to its search engine. Beyond search, Baidu is focused on growth in artificial intelligence, cloud services, video streaming, voice recognition, and autonomous driving technologies. Additionally, Baidu manages investment funds, including a venture capital fund and a buyout fund, targeting sectors such as information technology, fintech, and machine learning.

Panda Capital, founded in 2015 by partners Wen, Liang Weihong, Li Xinyi, and Mao Shengbo, is a venture capital firm based in China that specializes in early-stage investments. The firm targets innovative and disruptive technology companies, typically participating as one of the first institutional investors in ventures ranging from Angel to Series B stages. Panda Capital focuses on fast-growing tech startups across various sectors, including data-driven AI applications, enterprise services, fintech, logistics, mobility, transportation, and emerging consumer trends. Its diverse portfolio includes notable companies like Mobike, Atzuche, and Mi-Me Financial. The firm has garnered recognition within the industry, earning several awards for its performance and impact in the venture capital space.

China Creation Ventures (CCV) is a Beijing-based venture capital firm that specializes in early-stage investments in Chinese startups, particularly within the technology, media, and telecommunications (TMT) sectors. Founded by Wei Zhou, a former managing partner at KPCB China, and his experienced investment team, CCV leverages its deep industry expertise to identify and support promising companies. The firm has invested in a range of successful enterprises, including JD.com, CreditEase, and Tan Tan Mobile Social, among others. Many portfolio companies have experienced significant growth and secured further financing, showcasing CCV's ability to nurture startups through critical early development stages.

Hongtai Capital Holdings is a private equity and venture capital firm based in Beijing, China, founded in November 2014. It operates through two main platforms: Aplus Fund and Aplus Capital. Aplus Fund focuses on direct investments at the angel and growth capital stages in sectors such as big data, artificial intelligence, financial technology, consumer education, and intelligent manufacturing. Aplus Capital concentrates on mature stage investments, acquisitions, and industry consolidation, particularly in healthcare, biotechnology, and advanced manufacturing in Shandong Province. The firm aims to invest in companies with potential for initial public offerings and typically engages in joint acquisitions, seeking majority stakes in portfolio companies. Hongtai Capital also invests in a wide range of sectors, including media, technology, consumer products, and environmental protection, targeting both non-listed companies and those on China's new third board. Investments generally range from CNY 0.5 million to CNY 500 million, with a preference for companies valued at up to USD 100 million. The firm is also interested in opportunities in Silicon Valley and Boston, USA.

SB China Venture Capital (SBCVC) is a private equity and venture capital firm established in 2000 and headquartered in Shanghai, China, with additional offices in various cities across Greater China and Taiwan. The firm specializes in early to late-stage investments, focusing on high-tech and high-growth sectors such as information technology, clean technology, healthcare, telecommunications, and advanced manufacturing. SBCVC manages both USD and RMB funds and is known for its extensive entrepreneurial experience, which enables it to identify and support promising startups. In addition to providing capital, SBCVC offers strategic guidance in areas like business development and resource management to help portfolio companies achieve their commercial potential. The firm has built a solid reputation through successful investments in notable companies, including Alibaba and Taobao. Its investment strategy emphasizes industries like software, fintech, and healthcare, reflecting a commitment to innovation and growth within the dynamic Greater China market.

China Merchants Capital Management Co., Ltd. is a venture capital and private equity firm founded in 2012, with headquarters in Shenzhen and Hong Kong. As a subsidiary of China Merchants Group, it serves as the group's investment management platform, focusing on alternative investments. The firm specializes in various stages of investment, including seed, startup, expansion, and mature stages, with a particular interest in the real estate technology sector. China Merchants Capital actively seeks opportunities in capital markets to foster new industries and integrates resources within the China Merchants Group to leverage synergies across financial and other sectors. The firm aims to invest in areas such as infrastructure, medical and pharmaceutical, financial services, high-tech, agriculture, media, and energy, among others. As of the end of 2014, it reported total assets under management of approximately $3 billion.

Temasek Holdings is an investment company based in Singapore, founded in 1974, with a diverse portfolio valued at approximately S$242 billion. The firm invests across various sectors, including telecommunications, media and technology, financial services, transportation, consumer products, real estate, life sciences, agriculture, and energy. Temasek's investment strategy is guided by long-term trends, focusing on themes such as transforming economies, rising middle-income populations, and emerging champions. Its investment structure includes a mix of liquid assets, listed and unlisted holdings, and private equity, reflecting a commitment to being a significant shareholder in both local and international businesses. Temasek Capital Management, a subsidiary, specializes in private equity and mid-stage technology and life sciences investments, further enhancing Temasek's global investment footprint.

Ceyuan Ventures is a Beijing-based early-stage venture capital firm established in 1999, specializing in investments in IT and emerging growth companies. The firm focuses on supporting innovative technology and media enterprises, emphasizing the importance of strong teams and business innovation. Ceyuan Ventures aims to assist entrepreneurs in developing and scaling world-class businesses, contributing to the growth of the technology sector in China. Through its various funds, including Ceyuan Ventures Fund II, the firm actively seeks to identify and nurture promising startups, positioning itself as a key player in the venture capital landscape.