IDG Capital is a global venture capital and private equity firm founded in 1993 and headquartered in Hong Kong. It operates across multiple markets with a broad international footprint and manages investments in technology, consumer, healthcare, and finance sectors, supporting companies through venture, growth, buyouts, and secondary investments. The firm emphasizes long-term value creation by combining global resources with local market insight to help founders scale, pursue geographic expansion, and form strategic partnerships, with a history of cross-border activity and exits in China and beyond.

Morningside is a venture capital firm based in the greater Boston area, founded in 1986 as a family office for the Chan family. It makes investments in companies developing novel science and technology across life sciences, digital health, artificial intelligence, materials and general technology, with a long-term, values-driven approach and a focus on ethical company-building. The team comprises investment professionals with deep sector experience, and the firm maintains charitable commitments to education, research and healthcare, supporting institutions such as the Harvard T.H. Chan School of Public Health, UMass Chan Medical School and the MIT Morningside Academy for Design.

Hiway Capital is a venture capital firm based in Guangzhou, China. Established in 2007, it focuses on investments across manufacturing, healthcare, new materials and energy, agriculture, and enterprise services.

SDIC Innovation Investment Management is the private equity and venture capital arm of State Development & Investment Corp. It makes investments across technology and manufacturing sectors, including mobile internet, internet of things, cloud computing, big data, information technology services, industrial robotics, and intelligent manufacturing. The firm also targets high-end medical equipment, diagnostics, high-value consumables, modern agricultural equipment, ships and marine engineering, new materials, clean energy, energy conservation, and healthcare; for new energy vehicles it focuses on intelligent upstream and downstream supply chains, power batteries and systems, and related technologies. Founded in 2009, the company is based in Beijing with an additional office in Asia. The firm aims to support development and deployment of innovative technologies through private equity and venture capital investments.

Shenzhen Capital Group is a government-backed venture capital firm established in 1999 by the Shenzhen government. It concentrates on cultivating national industries and brands, promoting economic transformation, and supporting enterprises in emerging sectors. The firm invests in SMEs and innovative high-tech companies across information technology, the internet, new media, biopharma, new energy, environmental protection, chemical engineering, new materials, high-end equipment manufacturing, and consumer services, including startups and growth-stage firms. It operates a broad network of funds across 28 provinces, enabling cross-regional capital flows and collaboration among government, industry, and academia to link the Guangdong-Hong Kong-Macao Greater Bay Area with other regions. The approach emphasizes long-horizon value creation, ESG considerations, and aligning financial returns with social impact, contributing to modernization and high-quality development in China.

Legend Capital is a Beijing-based venture capital firm established in 2001 as the investment arm of Legend Holdings. It manages multiple funds with a focus on backing high-growth ventures rooted in China or markets related to China, including early-stage information technology companies and growth-stage opportunities across sectors such as network applications, outsourcing and professional services, infrastructure components, consumer goods, clean technology, healthcare, equipment manufacturing and modern services. As an active investor, Legend Capital provides portfolio companies with strategic resources to support business development and market positioning in China, aiming to create value and maximize returns through hands-on involvement and industry networks.

Shunwei Capital is a Beijing-based venture capital firm founded in 2011 that backs early to growth-stage technology and internet-focused companies. It targets sectors including deep technology, smart manufacturing, Internet+, consumer technology, enterprise services, and electric vehicles, and it pursues both domestic China investments and cross-border opportunities. The firm is known for supporting portfolio companies with capital and hands-on involvement, and its investments span notable names such as Xiaomi, Agora, Huami Technology, iQIYI, and Viomi. Shunwei operates multiple funds and has historically invested in information technology, internet services, hardware and smart devices, and related sectors through a global perspective.

Y&R Capital is a Beijing-based venture capital firm founded in 2015 that concentrates on investments in precision medicine, intelligent services, and high-end manufacturing. The firm targets opportunities in medical health, artificial intelligence and robotics, and intelligent manufacturing, supporting innovative companies at the forefront of strategic emerging industries.

WI Harper Group is a venture capital firm with offices in San Francisco, Beijing and Taipei that conducts early-stage and early-expansion investments in the United States, Greater China and the Asia Pacific. Founded in 1993, it has made hundreds of investments with a history of multiple exits and manages capital across several funds. The firm backs companies in technology-driven sectors such as healthcare, biotechnology, artificial intelligence, robotics, fintech, sustainability and new media, spanning seed to growth stages. Leveraging deep cross-border expertise, WI Harper pursues a global-local approach to support portfolio companies and foster collaboration between Greater China and international markets, reflecting a long-standing effort to develop the regional VC ecosystem.

FG Venture is a Shanghai- and Shenzhen-based venture capital firm that backs technology startups in information technology and manufacturing ecosystems. It focuses on high-growth opportunities in IT infrastructure, cloud computing, the Internet of Things, big data, SaaS, microchips and semiconductors, and advanced manufacturing, including modules, intelligent devices, robotics, and drones. It supports ventures across information technology and manufacturing, using platforms built on open-source technologies such as Hadoop and Spark to handle data from GB to PB scales. The firm seeks to help portfolio companies reach world-class enterprise status and deliver strong returns through an internationally oriented approach and active collaboration with entrepreneurs. FG Venture maintains offices in Shanghai and Shenzhen and invites startups to submit business plans via its portal. Its portfolio spans chip-module supply chains, intelligent automotive, big data, cloud computing, and advanced manufacturing.

Bright Venture Capital is a venture capital firm headquartered in Shenzhen, China. It focuses on early- and middle-stage investments across technology-related sectors, including information technology, internet, cloud computing and advanced manufacturing, and seeks opportunities in adjacent areas such as media, telecommunications, culture and media, healthcare education, entertainment consumer, and new retail. The firm pursues investments in both private equity in the primary market and secondary stock opportunities.

Founded in 2015 in China, Panda Capital is a venture capital firm focused on early-stage technology startups. It targets companies from angel to Series B rounds and aims to be among the first institutional investors. The firm concentrates on fast-growing tech sectors such as data-driven AI applications, enterprise services, fintech, logistics, mobility and transportation, and new generation consumer trends. Based in Shanghai, Panda Capital emphasizes disciplined, patient investing and seeks to identify genuine opportunities early, supporting portfolio companies through their growth.

GGV Capital is a global venture capital firm that reorganized in March 2024 into two distinct entities: Granite Asia, based in Singapore, which focuses on investments across the Asia-Pacific region including Southeast Asia, Japan, China, India, and Australia; and Notable Capital, headquartered in Silicon Valley with offices in San Francisco and New York, which invests in the United States, Israel, Europe, and Latin America. The firm has historically provided expansion capital in the US and China and supports founders with resources such as a founder portal and career opportunities.

Glory Ventures is a Shanghai-based venture capital firm established in 2015 that targets early and growth-stage technology investments in information technology, artificial intelligence, Internet of Things, smart manufacturing, and related sectors driven by China’s industrial upgrading and AI development. It pursues cross-border opportunities, notably in Israel and China, and emphasizes a research-driven approach to leverage industrial resources, build strategic value across the value chain, and support exits through M&A or IPO. The firm fuses private equity resources with industrial partners to create synergies, provides active governance and value-added ecosystem building to accelerate portfolio companies in areas such as AI hardware and software, autonomous driving, robotics, enterprise services, cloud computing, and consumer technology. Glory Ventures manages multiple funds with global reach and collaborates with leading electronics, automotive, internet, storage, and cloud players to foster an information technology ecosystem, including initiatives like the OpenClaw platform.

Northern Light Venture Capital is a venture capital firm founded in 2005 that backs early- and growth-stage technology-driven companies. It targets opportunities in information technology, healthcare, consumer sectors, and related industries, with a China-focused approach that aims to leverage China’s industrial, economic, and human resources to build enduring global enterprises. The firm manages multiple funds to support its portfolio, including RMB funds and US-dollar vehicles.

Sequoia Capital China is a venture capital firm founded in September 2005, headquartered in Beijing, with additional offices in Hong Kong and Shanghai. The firm specializes in a wide range of investments across various stages, including seed, start-up, early, mid, late, and growth stages. Its investment focus spans multiple sectors, including consumer services, technology, healthcare, financial services, and energy. Key areas of investment include agriculture, education, industrial technology, clean technology, blockchain, and advanced manufacturing. Sequoia Capital China aims to support innovations in medical health, consumer goods, logistics, and artificial intelligence, among others. The firm typically invests between $100,000 and $1 million in seed companies, $1 million to $10 million in early-stage ventures, and $10 million to $50 million in growth investments. As a subsidiary of Sequoia Capital, it leverages a broad network and expertise to foster the development of promising businesses primarily within China.

Source Code Capital is a Beijing-based venture capital firm founded in 2014, focused on partnering with resilient technology entrepreneurs to drive transformative change and create lasting value in China. It invests across seed, early, and growth stages in the TMT sectors, guided by its Big 3 drivers: Internet+, AI+, and Global+. The firm has backed notable companies such as ByteDance, Meituan, Beike, and Li Auto, and supports portfolio companies through a post-investment platform that offers mentorship, resources, and access to a broad network. With a Beijing office, it emphasizes diligence, founder proximity, and value creation.

5Y Capital is a Shanghai-based venture capital firm focusing on early-stage and growth investments in technology, life sciences, healthcare, fintech, internet services, software, and consumer technologies across China and the Asia-Pacific region. Founded in 2008 by Ken Shi and Richard Liu, it was formerly Morningside Venture Capital and is associated with the Morningside Group. The firm operates from offices in Shanghai, Beijing, Shenzhen, and Hong Kong and backs ambitious founders to scale innovative businesses globally.

CDH Investments is an international private equity and diversified alternative asset manager founded in 2002 and based in Beijing with an office in Hong Kong. The firm operates a multi-asset platform spanning private equity, venture, growth capital, real assets, credit, mezzanine, public equities and wealth management, with a focus on Greater China and selective cross-border opportunities in Southeast Asia. It targets investments in consumer, technology, new energy and healthcare sectors, among others, and has a track record of large-scale deals and strategic collaborations including the buyout of Shuanghui (WH Group) and related corporate activity. Backed by institutional investors, CDH Investments manages substantial assets and serves a broad set of institutional clients, emphasizing long-term value creation and active portfolio management.

Xianghe Capital is a Beijing-based venture capital firm that focuses on early-stage and growth investments in China, with emphasis on AI, advanced manufacturing, new energy and new materials, and TMT. Founded in 2016 by Tang Hesong and Yang Liu, former Baidu corporate development leaders, it combines strategic analysis with hands-on backing to help portfolio companies scale and pursue leadership opportunities in evolving tech sectors. The team draws on experience from Baidu and other tech leaders to provide market insight, ecosystem support and strategic guidance to founders.

Gaorong Capital is a Beijing-based venture investment firm that backs early-stage technology companies in Asia-Pacific. Founded around 2013, it focuses on technology sectors including telecommunications, media, life sciences, cosmetics, and other tech, providing strategic resources and global perspectives to portfolio companies through a diverse base of limited partners and industry executives, including sovereign wealth funds, university endowments, pension funds, and leaders from Tencent, Alibaba, Baidu, JD, Xiaomi, Focus Media and VIPShop.

Lighthouse Capital Management is a Shanghai-based venture capital firm that focuses on early-stage investments in hardware equipment, Internet-enabled businesses, and enterprise data services across China and the United States. It supports high-potential content and product startups to accelerate growth and digital transformation, aiming to back ambitious ventures with strategic guidance. The firm operates multiple RMB funds and a USD fund, managing tens of billions of yuan in assets across domestic and international markets.

Baidu Ventures is the independent venture capital arm of Baidu, established in 2017. It focuses on early-stage investments in artificial intelligence and frontier technologies, funding AI-driven opportunities across areas such as AIGC, embodied intelligence, autonomous driving, advanced computing, and life sciences. The firm aims to accelerate emerging technologies into real-world impact and to build ecosystems in robotics, AI infrastructure for AIGC, and city-scale autonomous driving applications. It operates from Beijing and San Francisco and manages approximately $500 million across multiple funds, supporting entrepreneurs shaping the next generation of AI and related industries.

China Growth Capital is a Beijing-based venture capital firm founded in 2006 that backs technology companies across seed to Series B stages, with a focus on enterprise software, fintech, AI, autonomous driving, robotics, and related frontier technologies, as well as marketplaces and consumer platforms. The firm operates in China and maintains an extended interest in Silicon Valley, typically investing RMB 1 million to 5 million with a hard cap of RMB 15 million per company. It manages around RMB 8 billion in assets and pursues a hands-on approach through its 3V model, blending venture capital, lending, and post-investment value-added services to support portfolio companies with strategic guidance and resources. The portfolio spans notable Chinese tech names and global opportunities, reflecting a broad technology focus and cross-border exposure.

SOSV is a global venture capital firm focused on deep tech investments that address human and planetary health, backing seed-to-growth startups and delivering hands-on programs that accelerate product development, customer acquisition, and fundraising. It operates accelerator-like facilities for deep tech founders, including IndieBio in San Francisco and New York (referred to as SOSV SF & NY) and HAX in Newark, offering labs, offices, engineering support, mentorship, and broad access to an investor network. With a large and active portfolio across dozens of countries, SOSV supports hundreds of pre-seed and follow-on investments annually from its New Jersey base and through its global network, emphasizing long-term founder support beyond initial funding and fostering collaboration among portfolio companies and investors.

BlueRun Ventures is a venture capital firm founded in 1998 and based in California, with offices in the United States, Shanghai, Beijing, and Korea. It focuses on investments in fintech, digital health, enterprise software, consumer experiences, information technology, and mobile, with an emphasis on mobile opportunities and technology-enabled platforms. The firm supports a broad portfolio of companies across the United States and Asia and has achieved notable exits including PayPal, Waze, and Topsy, reflecting its experience in scaling technology-driven businesses across global markets.

Plum Ventures is a Chinese venture capital firm founded in 2014 and based in China that makes seed and early-stage investments in technology, new media, telecommunications, consumer sectors, hardware and related fields. It supports portfolio companies beyond capital through post-investment services such as follow-on financing, media coverage, legal and tax support, executive search, mentorship, and resource matching to help founders grow and navigate early growth.

Lenovo Capital and Incubator Group is Lenovo's global corporate venture capital arm and startup accelerator that supports early- to growth-stage technology companies by leveraging Lenovo's ecosystem. With a presence in Beijing, Shanghai, Shenzhen, Hong Kong, Israel and the United States, LCIG invests across artificial intelligence, semiconductors, robotics and intelligent devices, aiming to accelerate silicon-based innovation. Since its founding in 2016, it has built a broad ecosystem through collaborations and events, and its portfolio includes notable companies such as CATL, Meituan, Cambricon, Megvii and NIO. The group highlights milestones like humanoid robot deliveries under the HuoZhong and GuangMing initiatives and successful exits including listings on the STAR Market and the Hong Kong Stock Exchange, reflecting its role in advancing technology startups within Lenovo's global network.

Oriental Fortune Capital is a Shenzhen-based venture capital firm that invests across seed to Pre-IPO and growth stages, including mezzanine and new third board opportunities. It backs sectors such as information technology, semiconductors, big data, telecommunications, media, healthcare and life sciences, green technology, energy, new materials, advanced manufacturing, consumer goods, and entertainment. The firm pursues investments in China with a focus on major cities—Shenzhen, Shanghai, Beijing, Xi’an, and Wuhu—and regional clusters in the Pearl River Delta, Yangtze River Delta, and Circum-Bohai-Sea. It follows a staged allocation approach, typically dedicating about 20% of its portfolio to early-stage, 40% to expansion, and 40% to Pre-IPO opportunities. The company maintains offices in Shanghai, Beijing, and Wuhu and has a history dating back to 2006–2007.

Vision Plus Capital, also known as Yuan Jing Capital, is a venture capital firm founded in 2015 and based in Hangzhou, China, with additional offices in Beijing, Shanghai and Hong Kong. The firm focuses on early-stage investments across internet and healthcare technology sectors, including internet innovation, digital health, intelligent technology, AI, enterprise services, consumer internet and related areas, and seeks to support startups with practical experience in talent recruitment, strategic planning, operational upgrading and financing strategies. Vision Plus Capital targets opportunities in China, including cross-border RMB and dollar investments, and backs ventures that leverage data analytics, AI and digital infrastructure to drive enterprise digitization and enhanced consumer services.

Zoy Capital is a venture capital firm founded in 2013 and based in Beijing, China, with offices in Shanghai, Shenzhen, and Suzhou, focusing on equity investments in artificial intelligence, service robots, and modern media.

Hua Capital is a Beijing-based venture capital firm focused on the semiconductor sector in China. The team comprises experienced semiconductor industry entrepreneurs and investment professionals with extensive expertise in entrepreneurship, management, and investing. Founded in 2014, the firm pursues professional, international and industry-chain-focused investment strategies and makes investments across stages, including early, growth, and mature opportunities, aiming to create value for portfolio companies and help them become leaders in the semiconductor industry.

Light Silver Capital is a China-based venture capital firm.

Redpoint Ventures is an independent venture capital firm founded in 1999 and based in California. It invests in seed, early, and growth-stage technology companies across sectors including internet, software, consumer, fintech, healthcare and infrastructure, and provides strategic support to help portfolio companies with product development and go-to-market initiatives. The firm maintains content initiatives that share market insights and trends. Redpoint pursues a global investment approach with billions of dollars in committed capital and investments across the United States and China. It typically acts as a lead or co-lead investor in portfolio companies and seeks to back firms with scalable, technology-enabled potential.

Founded in 1972, Sequoia Capital is a venture capital firm based in Menlo Park, California. It provides capital and strategic guidance to a limited number of companies across the idea to growth stages, emphasizing long-term partnerships. The firm invests globally in software, information technology, internet, mobile, TMT, healthcare, financial services, energy, media, and retail sectors, often supporting companies from early formation through scale. Sequoia collaborates with portfolio leadership to help with product development, market expansion, and company building, drawing on deep operating experience and a focus on enduring value creation.

Vertex Ventures Southeast Asia & India is the corporate venture capital arm of Vertex Holdings, based in Singapore. It funds high-growth startups in Southeast Asia and India, with emphasis on Singapore, India, Indonesia, Thailand and other regional hubs, targeting first institutional rounds. The firm operates within the Vertex Ventures global network, collaborating with venture funds in the United States, China and Israel to provide local knowledge and global reach. Through its corporate backing, it aims to support entrepreneurs with operating experience and access to capital, talent, partners and customers to help build globally scalable businesses.

CAS Star is a venture capital firm based in Xi’an, China, with an additional office in Beijing. It invests in high-tech sectors such as optoelectronic chips, artificial intelligence, biotechnology, aerospace, smart manufacturing, information technology, energy, oncology, advanced manufacturing, SaaS, and space technology, and it actively participates in technology-driven incubation. The firm aims to build a scientific and technological entrepreneurial ecosystem by collaborating with research institutions, angel funds, incubators, and entrepreneurship training to support technology entrepreneurs.

Birch Venture Capital is a Taipei-based venture capital firm specializing in early-stage investments across the United States, China and Taiwan. It maintains portfolios in California, Taiwan, and parts of Eastern and Southern China and focuses on high-tech sectors including semiconductors, optical displays, mobile and fixed communications, Internet services, software development, green energy, and environmental technologies. The firm supports portfolio companies through growth and provides exits beyond IPOs, including mergers and acquisitions. Founder and General Partner Max Wu, with over 30 years of experience in the global information technology industry and venture capital, leads the firm’s investment activities.

Winreal Investment is a venture capital firm based in Shanghai, China. Founded in 2015, it focuses on investments in advanced manufacturing, semiconductors, and information technology.

SB China Venture Capital is a venture capital and private equity firm founded in 2000 and headquartered in Shanghai, China, with offices in Beijing, Shenzhen, Chengdu, Hangzhou and Taiwan. It focuses on high-growth technology companies across information technology, AI and data infrastructure, cloud and fintech, as well as clean technology, healthcare, consumer and retail, and advanced manufacturing, investing across all stages in Greater China. The firm combines entrepreneurial and operating experience to provide portfolio companies with value-added support, including strategic planning, business development, recruiting and resource deployment, helping startups realize strategic and commercial potential.

Rockley Group is an Oxford, United Kingdom-based investment firm with offices in Shanghai and Beijing. It concentrates on growth capital, expansion capital, and late-stage investments in sectors such as sustainability, energy, information technology, data management, healthcare, industrial efficiency, environmental technology, sensor systems, agricultural technology, safety, and new media. The firm targets opportunities in the United Kingdom and China, with a focus on Shandong and Shanxi provinces in China. Rockley Group aims to develop technology-driven businesses in large, timely markets, unlocking value and contributing to global sustainability and human well-being through strategic investments and expert oversight. A diverse international team leverages experience and local partnerships to identify opportunities and support scalable growth.

Addor Capital is a venture capital firm based in Nanjing, China. It backs early-stage to growth-stage companies across sectors including green technologies, semiconductors, new materials, healthcare and life sciences, information technology, and advanced manufacturing in China. The firm reports assets under management exceeding 100 billion RMB and operates an ecosystem of affiliated platforms under the Yida Hub brand to support portfolio companies and knowledge sharing, with emphasis on research capabilities and investor protection.

OrbiMed is a global healthcare investment firm focused on supporting the development of therapies, medical devices, diagnostics, and health IT. Established in 1989, it manages a broad investment platform across venture capital, private equity, and public equity, targeting opportunities from early-stage startups to mature companies. The firm backs companies across biopharmaceuticals, biotechnology, life sciences, and digital health, providing financing and strategic resources to accelerate innovation. With a multinational presence and offices in New York, San Francisco, Mumbai, Herzliya, Shanghai, and beyond, OrbiMed pursues a diversified portfolio of healthcare companies worldwide.

Meridian Capital Asia is a Singapore-based venture capital firm founded in 2008 that concentrates on technology-driven startups in Asia. It has raised nine funds totaling over $1.5 billion and has invested in more than 260 companies, with notable exits across sectors such as deep tech, artificial intelligence, robotics, cloud and SaaS, enterprise software, advanced manufacturing, renewable energy, semiconductors, agri-tech, education, internet and new media. The portfolio spans Southeast Asia, China, the United States, Japan, Europe and the Middle East, and the firm maintains offices in Singapore, Silicon Valley, Shanghai and Beijing. The team comprises experienced partners with deep expertise in technology, finance and entrepreneurship and emphasizes digitalization and technology innovation to support growth and early-stage companies in technology, consumer internet, media and related sectors across the region.

Chengwei Capital is a venture capital firm founded in 1999 and based in Shanghai, China. It backs companies across diverse sectors, including technology, consumer goods, healthcare, manufacturing, education, energy, and financial services, with a focus on scalable opportunities within China's economy and beyond. It has invested over $3 billion in its portfolio, supporting ventures in areas such as video streaming, AI-driven drug discovery, renewable energy, enterprise AI solutions, and advanced materials. The firm emphasizes emerging technologies and disruptive business models to help shape the future of multiple industries.

Volcanics Venture is a Shanghai-based venture capital firm founded in 2016 that identifies, invests in, and actively supports early to growth-stage startups across intelligent technology, health care and healthtech, as well as AI-enabled internet and cloud technology sectors. It manages RMB and USD funds totaling over 3 billion yuan in assets and operates from Shanghai with an additional office in Beijing. Led by partners Suyang Zhang, Yeshun Dong, and Ying Wu, who bring more than six decades of combined VC investment and corporate management experience, the firm provides hands-on guidance and value-added services to portfolio companies to drive sustainable growth and returns for its limited partners.

ZWC Partners is an Asia-based private equity firm focusing on growth-stage investments and strategic buyouts in technology and consumer sectors across high-growth markets. Founded in 2015, it manages over USD 2.5 billion in assets and operates with teams in Hong Kong and China, Japan, Singapore, Indonesia, France, and Italy, enabling opportunities across Asia and beyond. The firm leverages an integrated ecosystem of industry leaders, entrepreneurs, and management teams to provide portfolio companies with capital and strategic resources aimed at accelerating growth, productivity, and value creation. Its investment philosophy centers on altruism and Innovation-Driven Value Investing, emphasizing solutions to real industry pain points and measurable productivity gains. ZWC Partners maintains a diversified investor base including corporates, family offices, and institutional investors, and has a track record across technology and consumer sectors in global high-growth markets.

CD Capital is a Shanghai-based venture capital firm focused on life sciences and medical technology. Established in 2013, it manages both USD and RMB funds and supports innovative healthcare companies through early- to growth-stage investments. The firm has backed a broad portfolio of companies across China and global markets, including Urotronic, iRay Technology, Aidite, Qi Biodesign, and Full-Life Technologies, and has facilitated notable milestones such as a Shenzhen listing for Aidite. CD Capital emphasizes helping disruptive medical technologies reach commercial potential and deliver value to its investors.

Shenzhen Guozhong Venture Capital Management is a Shenzhen-based venture capital firm established in 2015. It targets investments in green and low-carbon technologies, new energy vehicles, semiconductors and electronic information, advanced materials and manufacturing, medical and health, and artificial intelligence. The firm is entrusted to manage the first entity fund of the Small Medium Enterprises Development Fund (Shenzhen) LLP, a six-billion-yuan vehicle, with a registered capital of about 100 million yuan; ownership is split between Shenzhen venture capital group (49%) and the SME Development Fund (Shenzhen) management team (51%).

BioVenture is a China-based healthcare investment firm anchored in Suzhou's bioBAY ecosystem, specializing in early- and growth-stage life sciences companies. Since 2013, it has supported more than 200 portfolio companies across new drug discovery, medical devices, diagnostics, precision medicine and medical services, with a network built on BioBAY that enables post-investment value-add and rapid growth. The company is known for a seasoned investment team, strong industry resources, and world-class scientific advisors, and has backed multiple portfolio companies that have progressed to public listings on major markets. BioVenture emphasizes global reach, robust deal flow, and a commitment to helping portfolio companies scale through strategic guidance and operational support.