Sequoia Capital, founded in 1972 and based in Menlo Park, California, is a prominent venture capital firm that invests in early to growth stage companies across various sectors, including technology, healthcare, financial services, and consumer services. The firm specializes in supporting startups and emerging growth companies, typically investing between $100,000 and $1 million in seed companies, $1 million to $10 million in early ventures, and $10 million to $100 million in growth investments. Sequoia Capital operates globally, with a presence in regions such as Israel, China, and Southeast Asia, and has built a diverse portfolio that includes notable companies like Airbnb, Alibaba, and JD.com. The firm emphasizes a partnership approach with entrepreneurs, leveraging decades of experience to guide them from initial concept through to public offering and beyond.

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. Based in Beijing, with additional offices in Shenzhen, Shanghai, and Silicon Valley, ZhenFund focuses on seed stage investments and has over $1 billion under management. The firm primarily targets sectors such as e-commerce, education, artificial intelligence, mobile internet, and healthcare. Its portfolio includes over 750 high-growth companies, highlighting its significant presence in China’s early-stage venture capital landscape. Notable investments include companies like OFO, VIPKID, and Hero Entertainment. ZhenFund aims to support and inspire the next generation of global entrepreneurs, leveraging the founders' extensive experience in the education sector and successful investment track records.

5Y Capital is a private equity and venture capital firm based in Shanghai, China, focused on seed, start-up, early venture, and growth capital investments. Founded in 2008 and previously known as Morningside Venture Capital, the firm manages approximately USD 5 billion in dual-currency funds, supported by global investors such as sovereign wealth funds, family offices, and endowments. 5Y Capital primarily invests in various sectors, including healthcare, technology, fintech, media, software, life sciences, and education, with a special emphasis on medical treatment, biotechnology, and digital health. The firm seeks opportunities in China and other emerging markets across Asia and the Pacific, aiming to support entrepreneurs in building innovative companies. 5Y Capital typically makes initial investments exceeding USD 500,000 per portfolio company and operates as a subsidiary of Morningside Group, which has been active in venture capital investments since 1992.

Shunwei, Inc. is a venture capital firm based in Beijing, China, founded in 2011 by Lei Jun, a notable figure in the tech industry. The firm specializes in early to mid-stage investments across various sectors, including technology, media, telecommunications, and the internet, with a particular focus on the local internet industry. Shunwei seeks to support startups and growth-stage companies, targeting investments primarily in China and India, while also pursuing cross-border opportunities. The firm has managed multiple investment funds and has executed hundreds of investments, maintaining a keen interest in innovative areas such as smart hardware, e-commerce, and internet finance. Shunwei's strategic approach includes partnerships with diverse investors, including sovereign wealth funds and family offices, reflecting its commitment to fostering the growth of technology-driven enterprises.

Qiming Venture Partners is a prominent venture capital firm based in Shanghai, China, with additional offices in Beijing, Suzhou, and Hong Kong. Founded in 2006, the firm specializes in investing in early to growth-stage companies across various sectors, including healthcare, information technology, consumer products, media, and clean technology. Qiming has established itself as a leading investment firm in China, managing multiple funds with over $1 billion in assets. The firm focuses on supporting innovative entrepreneurs and companies that demonstrate high growth potential, particularly in the technology and healthcare landscapes. Through its strategic investments, Qiming aims to foster the development of new business models and technologies, contributing to the dynamic entrepreneurial ecosystem in China.

Hillhouse Investment Group, founded in 2005 and headquartered in Hong Kong, is a private equity firm that specializes in a wide range of investments, from seed funding to buyouts and listed equities. The firm primarily focuses on opportunities in Asia but also selectively invests in North America and Europe. Hillhouse’s investment strategy is stage-agnostic, allowing it to invest in companies at various stages of growth, from startups to established public entities. Its portfolio spans several sectors, including consumer, technology, media, telecommunications, healthcare, energy transition, and advanced manufacturing. In healthcare, Hillhouse emphasizes biotechnology, medical devices, and pharmaceuticals. The firm is recognized for its commitment to independent research and employs sector experts to guide its investment decisions, aiming for long-term results rather than short-term gains.

GGV Capital IX is a venture capital fund managed by GGV Capital, a global firm founded in 2000 that focuses on investing in local founders across various sectors. The firm specializes in seed-to-growth stage investments, targeting industries such as Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud, and Frontier Tech. GGV Capital manages a total of $6.2 billion across 13 funds and has a diversified portfolio that includes notable companies like Airbnb, Alibaba, and Peloton. With offices in key locations such as Beijing, San Francisco, and Shanghai, GGV Capital aims to provide expansion capital ranging from $5 to $25 million for initial investments in both the United States and China. The firm's approach is to support innovative entrepreneurs and emerging technologies that can shape the future of their respective industries.

Legend Capital, a subsidiary of Legend Holdings Ltd., was founded in April 2001 and is based in Beijing, China. The firm manages private equity investments across four funds, totaling up to US$700 million, focusing primarily on early-stage ventures and mid-market growth companies. Its investment strategy targets sectors including information technology, telecommunications, media, healthcare, consumer goods, clean technology, and advanced manufacturing, with a strong emphasis on businesses that are either based in China or related to Chinese markets. Legend Capital is known for its active involvement with portfolio companies, providing them with essential business resources and tailored services to enhance development and optimize company performance in the Chinese market. The firm has built a diverse portfolio of over 60 companies, contributing to its reputation as a respected player in China's venture capital industry.

Tencent Holdings Limited, founded in 1998 and headquartered in Shenzhen, China, is a leading internet service provider that offers a wide range of value-added services and online advertising. The company's diverse portfolio includes popular platforms such as WeChat and QQ, which facilitate communication, entertainment, and e-commerce for millions of users. Tencent is recognized as the world's largest video game publisher, with flagship titles like Honor of Kings contributing significantly to its revenue. In addition to gaming and social networking, Tencent provides financial technology and cloud services, as well as invests in and produces films and television programs. The firm also engages in various technology-related services, including software development and information system integration. Tencent plays a vital role in the global venture capital landscape, holding substantial stakes in several prominent tech companies. Its user-centric approach and comprehensive service offerings position Tencent as a key player in the internet ecosystem both in China and internationally.

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 in 1999 by the Shenzhen Government. The company focuses on fostering national industries, enhancing national brands, and facilitating economic transformation through investments in small to medium enterprises and innovative high-tech companies. It targets businesses in their start-up, growth, and transformation stages, primarily within sectors supported by national policies, including information technology, internet, new media, biopharma, new energy, environmental protection, chemical engineering, and high-end equipment manufacturing. With registered capital of 5.42 billion RMB and total assets under management of 338.99 billion RMB, SCGC has built a substantial portfolio, comprising nearly 1,000 companies, with significant investments totaling 43.9 billion RMB. As of April 2019, the firm was recognized as a leader in the venture capital space, with 145 of its portfolio companies successfully listed across 16 global capital markets.

Kinzon (Shenzhen) Investment Management Co., Ltd. is a venture capital firm based in Beijing, China, with additional offices in Shanghai and Shenzhen. Founded in 2016, the firm specializes in early-stage and growth capital investments, focusing on sectors such as leading-edge technology, innovative consumption, and education. Kinzon Capital emphasizes investments in innovative business models and technological advancements, particularly in the post-mobile internet landscape and enterprise services. The firm has been recognized as one of the top new generation VC firms in China, receiving accolades for its contributions to artificial intelligence and its overall investment strategies.

Northern Light Venture Capital, established in 2005 by Feng Deng and Yan Ke, is a venture capital firm headquartered in Menlo Park, California, with a strong focus on China. The firm manages approximately $1.5 billion in committed capital across multiple funds, including both US and RMB funds, and has invested in over 180 portfolio companies. It specializes in early and growth stage investments, particularly in sectors such as information technology, healthcare, consumer services, and clean technologies. The management team comprises experienced executives, including Feng Deng and Yan Ke, who bring significant expertise from their backgrounds in technology and venture capital. Northern Light aims to identify and nurture innovative and disruptive business opportunities that leverage China's resources to create enduring enterprises in the global market. Notable portfolio companies include Meituan.com, Kaixin001.com, and Gogo.com.

WI Harper Group is a venture capital firm founded in 1993, with offices in San Francisco, Beijing, and Taipei. The firm specializes in early and growth-stage investments across the United States, Greater China, and the Asia Pacific region. It focuses on sectors such as technology, clean technology, healthcare, biotech, artificial intelligence, robotics, fintech, and new media. WI Harper Group has made over 300 investments, achieving more than 80 successful exits, and currently manages nine funds with more than $1 billion in capital. The firm is staffed by 19 dedicated investment professionals and maintains a strong track record of investing in notable companies.

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.

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.

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market.

Y&R Capital, established in May 2015, is a venture capital firm based in Beijing, China, focused on high-tech incubation and service management. It was jointly founded by Zhejiang Ganzhan Investment Management Co., Ltd. and Beijing Bochuang Xingsheng Technology Co., Ltd. The firm emphasizes investment in strategic emerging industries, particularly in the fields of medical health, artificial intelligence, robotics, and intelligent manufacturing. Y&R Capital aims to identify and support innovative companies that exhibit growth potential in these sectors, aligning its investment strategy with the evolving technological landscape.

GSR Ventures is a venture capital firm established in 2004 and based in Palo Alto, California. The firm specializes in early-stage investments, primarily targeting technology companies that focus on AI-enabled healthcare technology, enterprise software, and consumer platforms. GSR Ventures actively seeks to support entrepreneurs with global ambitions who are building disruptive businesses capable of dominating multi-billion dollar markets. The firm has led early funding rounds in notable companies such as Qunar, Xiaohongshu, Didi Chuxing, and Medable. With a total of approximately $3 billion under management, GSR Ventures is well-positioned to invest in innovative technology sectors both in the United States and internationally.

China Growth Capital is a venture capital firm established in 2006 and based in Beijing, China, specializing in early-stage investments, including seed, angel, incubation, and growth capital. The firm focuses on sectors such as fintech, enterprise software, enterprise services, frontier technology, life sciences, consumption upgrades, and marketplace platforms. It typically invests between RMB 1 million to RMB 5 million, with a maximum investment cap of RMB 15 million per company. With a keen interest in both China and Silicon Valley, China Growth Capital manages approximately 8 billion RMB in assets across various funds. Its notable portfolio includes companies such as Missfresh, Xiachufang, and Tiger Brokers.

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.

K2VC is a venture capital firm based in Beijing, China, founded in 2010. The firm specializes in angel and early-stage investments, primarily targeting technology start-ups within the Chinese market. K2VC focuses on sectors such as internet, e-commerce, mobile internet, fintech, consumption, new energy, advanced manufacturing, and software. The firm aims to promote innovation and technological advancement by supporting innovative business models and lifestyles.

Xiang He Capital is a venture capital firm founded in 2010 by Hesong Tang and Maggie Yang, with headquarters in Palo Alto and operations in Beijing. The firm specializes in early and growth-stage investments within the technology, media, and telecommunications (TMT) sector in China. With a team that boasts extensive experience in corporate development from Baidu and other leading internet companies, Xiang He Capital leverages strategic analysis and strong industry connections to identify promising investment opportunities. The firm targets a range of areas, including artificial intelligence, online education, logistics, fintech, online medical systems, and various internet-based services. Through its investment strategy, Xiang He Capital aims to drive innovation and facilitate the transformation of traditional industries.

Xiaomi Technology, founded in 2010 and headquartered in Beijing, is a mobile internet company that specializes in manufacturing and distributing smartphones and consumer electronics. The company operates through several segments, including Smartphones, IoT and Lifestyle Products, and Internet Services. Its smartphone offerings include popular models like the Redmi series, while its IoT segment features smart TVs, AI speakers, and various lifestyle products. Xiaomi has gained a loyal customer base by emphasizing user feedback in product design and continuously innovating its offerings, such as the MIUI operating system. It has expanded its presence beyond Mainland China, emerging as a market leader in India and increasing its footprint in Europe. The company also provides internet value-added services and engages in diverse activities such as retail, software development, and hardware repair services. With a commitment to delivering quality products at competitive prices, Xiaomi aims to enhance user experiences across its technology ecosystem.

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.

SDIC Fund Management, established in July 2009 and based in Beijing, is a prominent private equity and venture capital firm in China, associated with the State Development & Investment Corp., Ltd. The firm manages nearly 60 billion yuan in assets, drawing from a diverse range of sources, including financial institutions, social security funds, and both state-owned and private capital. SDIC Fund Management focuses its investments across various sectors, emphasizing mobile internet, cloud computing, big data, intelligent manufacturing, electric vehicles, healthcare, and advanced manufacturing technologies. It seeks to enhance productivity and growth within industries such as technology, media, and consumer services through its comprehensive asset management and investment strategies. With an additional office in Asia, the firm is recognized as one of the largest professional private equity institutions in the country.

CDH Investments is an alternative asset management firm established in 2002 and based in Beijing, China, with additional offices in Hong Kong, Singapore, Shanghai, and Shenzhen. The firm manages over $21 billion in assets and specializes in private equity, venture capital, growth capital, real estate, mezzanine and credit investments, public equities, and wealth management. CDH Investments focuses primarily on the Chinese market, targeting sectors such as consumer products and services, information technology, healthcare, clean technology, industrial manufacturing, and financial technology. The firm also has a real estate subsidiary, CDH Real Estate, which invests in various property types, including office, multi-family, and retail. With a team of over 150 investment professionals, CDH is committed to building long-term relationships with investors and portfolio companies, aiming to deliver superior returns and capture diverse investment opportunities across different stages of the corporate lifecycle.

Pre-IPO RMB Fund IV is a 2018 vintage venture capital fund managed by Pre-IPO Capital Partners. The fund is located in Shanghai and will invest in China.

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 venture capital firm founded in 2011 and based in Beijing, China. The firm specializes in investing in early and growth-stage startups, primarily focusing on technology, media, telecommunications, innovative consumption, e-commerce, and industries integrated with the internet. With a track record of investing in over 80 startups, several of which have achieved unicorn status, Joy Capital aims to partner with entrepreneurs, providing guidance and support during critical stages of business development. The firm also offers advisory services to companies, investment funds, and government organizations in the mobile and communications sectors across Europe, North America, and Asia.

China International Capital Corporation Limited (CICC), established in 1995 as China's first joint venture investment bank, is a prominent provider of financial services. It offers a wide range of services, including investment banking, capital markets, securities sales and trading for both institutions and individuals, fixed income, asset management, private equity, individual wealth management, and research. CICC is also known for its specialized healthcare investment fund, which focuses on buyout opportunities within the healthcare sector. Based in Beijing, CICC continues to play a significant role in the evolving financial landscape of China.

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 Capital, founded in April 2000, is a Shenzhen-based venture capital firm recognized as one of the earliest market-oriented firms in China. The company primarily invests in various sectors, including information technology, consumer goods and services, healthcare, advanced manufacturing, environmental services, and clean technology. Over the years, Fortune Capital has developed a reputation for high performance in the venture capital and private equity landscape in China. In addition to providing financial support, the firm offers personalized value-added services to its portfolio companies, fostering their growth and development. Fortune Capital holds several leadership positions in industry associations, reflecting its influence and commitment to the venture capital community.

Legend Star, founded in 2008 and based in Beijing, China, is a venture capital firm that operates as the independent early-stage investment arm of Legend Holdings. The firm focuses on nurturing entrepreneurs by providing investment, CEO training, and facilitating an entrepreneurs alliance. It has incubated and invested in nearly 600 companies, playing a significant role in the Chinese entrepreneurial ecosystem. Legend Star primarily targets investments in cutting-edge technology and medical health, actively engaging with emerging fields to foster innovation and growth.

DCM Ventures, founded in 1996 and based in Menlo Park, California, is a venture capital firm that focuses on investing in sectors such as software, consumer products, digital media, mobile, and communications. With a total of ten funds amounting to $4 billion, DCM has invested in over 400 technology companies across the United States and Asia. The firm’s team of partners brings extensive investing and operational experience, having collectively contributed to the growth of numerous startups into billion-dollar enterprises. DCM emphasizes the importance of providing hands-on operational guidance and leveraging a vast network of global business and financial resources to support its portfolio companies. The firm operates offices in Silicon Valley, Beijing, and Tokyo, aiming to assist entrepreneurs in creating transformative companies that enhance how technology is utilized by individuals and institutions.

Lenovo Capital and Incubator Group is a global investment entity that focuses on core technology and internet-related sectors, including cloud computing, big data, artificial intelligence, and robotics. Based in Quarry Bay, Hong Kong, the group manages venture capital funds, such as the Lenovo Smart Internet Innovation RMB Fund, which specifically targets the Internet innovation industry in China. The group's strategy emphasizes leveraging Lenovo's extensive global resources to promote research and development, facilitating new business avenues, and fostering innovation. Through targeted investments and incubation efforts, Lenovo Capital and Incubator Group seeks to align with Lenovo's strategic objectives and drive future advancements in technology.

Green Pine Capital Partners Co., Ltd., established in 2007 and headquartered in Shenzhen, China, is a venture capital and private equity firm specializing in various investment stages, from early to IPO. The firm focuses on sectors such as artificial intelligence, biotechnology, clean technology, e-commerce, and healthcare, among others. With over 15 billion RMB in managed assets through 21 special funds, Green Pine has invested approximately 7 billion RMB in 388 enterprises, including notable companies that have gone public or been acquired. The firm has an extensive investment history, having participated in the early funding rounds of prominent firms like BGI and Royole. Additionally, Green Pine operates two incubators and supports overseas Chinese scientists in establishing businesses in China, further enhancing its commitment to fostering innovation and growth in diverse industries.

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 is a leading American multinational technology company based in Redmond, Washington, that develops, manufactures, licenses, and supports a diverse range of software products and services. Its offerings include the Windows operating system, Microsoft Office suite, and a variety of enterprise solutions through Microsoft Dynamics, which encompasses customer relationship management (CRM) and enterprise resource planning (ERP) software. Additionally, Microsoft provides gaming hardware like Xbox consoles, as well as cloud services via Microsoft Azure. The company also runs several global accelerator programs, such as those in London, Seattle, Beijing, and Paris, aimed at nurturing startups by providing mentorship, technical support, and resources to foster growth and innovation. With a commitment to empowering entrepreneurs, Microsoft for Startups offers free access to its cloud services and facilitates connections with its extensive partner ecosystem. Founded by Bill Gates and Paul Allen in 1975, Microsoft has established itself as a pivotal player in the technology sector, serving both consumer and commercial markets worldwide.

SDIC Venture Capital Management Co., Ltd. is a Beijing-based investment firm established in 2016, focusing on sectors such as smart manufacturing, integrated circuits, artificial intelligence, network security, new materials, consumer products, information technology, environmental protection, new energy, biopharmaceuticals, and healthcare. The firm is a subsidiary of the State Development & Investment Corporation, a state-owned entity aimed at driving economic development in China. SDIC Venture Capital manages several funds with total assets amounting to 14 billion RMB. The firm prioritizes investments aligned with national strategic industries and key research initiatives, emphasizing technological innovation and the implementation of national development strategies. By fostering collaborations between government, society, and the market, SDIC Venture Capital aims to facilitate the transformation of scientific and technological advancements into practical applications while ensuring a return on investment.

Redpoint Ventures is a venture capital firm founded in 1999 and based in Woodside, California, with additional offices in Beijing and Shanghai, China. The firm specializes in early-stage and growth capital investments, primarily in technology, media, and alternative energy sectors. Redpoint Ventures focuses on a broad range of industries, including consumer internet, enterprise software, fintech, e-commerce, and digital media. The firm typically invests between $1 million to $50 million, with a preference for being a lead or co-lead investor in its portfolio companies. With a strong track record, Redpoint has backed over 465 companies, achieving 140 IPOs and mergers and acquisitions. The firm manages around $4 billion across multiple funds and seeks to partner with visionary founders to create new markets and redefine existing ones. Redpoint also operates Redpoint China Ventures, which focuses on early investments in the technology and media sectors within China.

Yunqi Partners is a venture capital firm based in Shanghai, established in 2014, that focuses on investing in seed, startup, early stage, and middle stage companies across various sectors, including mobile internet, smart devices, fintech, cloud computing, and big data. The firm manages multiple funds, including two in USD, one in RMB, and a special fund, with total assets amounting to billions of RMB. Yunqi Partners is distinguished by its professional investment team, which comprises members with diverse backgrounds from leading companies such as IDG Capital, GGV Capital, Google, and Microsoft Research Asia. This team has extensive experience in investment and has successfully invested in numerous innovative enterprises in China and the U.S. Additionally, the firm has closed significant funds dedicated to emerging technologies, such as artificial intelligence and robotics. Yunqi Partners maintains offices in major Chinese cities, including Beijing and Shenzhen, to support its investment activities.

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 Investment Advisers is a venture capital firm based in London, United Kingdom, that specializes in growth equity and late-stage investments. It is a subsidiary of SoftBank Group Corp. The firm focuses primarily on the technology sector, targeting areas such as artificial intelligence, robotics, internet-of-things, telecommunications, computational biology, cloud technologies, fintech, consumer internet, and healthcare. SoftBank Investment Advisers typically invests a minimum of $100 million in both minority and majority stakes in private or public companies, with a strong emphasis on opportunities in the United States and globally. Established in 2017, the firm aims to leverage its operational expertise and extensive global network to foster innovation and drive growth in its portfolio companies.

Linear Venture is a Shanghai-based venture capital firm established in 2014, specializing in investments in early to mid-stage technology-driven startups. The firm focuses on sectors such as data application, data infrastructure, and frontier technology, particularly in areas like artificial intelligence, big data, and the Internet of Things. Linear Venture aims to transform industrial chains and enhance startup growth through digitization and the integration of advanced technologies. Investments typically range from $3 million to $5 million, and the firm has backed over 30 startups, including notable companies in robotics and smart technology. With a partnership network that includes executives from leading internet companies, Linear Venture seeks to leverage industry expertise to support its portfolio companies in achieving rapid development and sustainable growth.

Frees Fund is a venture capital firm founded in 2015 and based in Beijing, China. The firm specializes in early-stage investments, aiming to support startups in various sectors, including technology, media, telecom, biomedical, consumer markets, hardware, deep technology, retail, education, entertainment, finance, intelligent manufacturing, artificial intelligence, biotechnology, pharmaceutical research and development, clean technology, energy, and new materials. By utilizing innovative investment strategies and advanced technologies, Frees Fund seeks to transform the traditional venture capital landscape and provide essential support to emerging enterprises, helping them grow into valuable contributors to society. The firm primarily focuses on becoming the first institutional investor for its portfolio companies.