IDG Capital is a global investment firm with over 30 years of experience, originating in China and headquartered in Hong Kong. It finances companies across venture capital, growth equity, buyouts, secondary markets and public markets, supporting a lifecycle from early stage to scale. The firm maintains a worldwide presence with offices across the Americas, Europe and Asia Pacific, and backs a large portfolio through long-term, value-driven partnerships with founders. IDG Capital leverages a combination of local market insight and global resources to identify inbound and outbound opportunities in China and other Asian markets, while collaborating with sovereign wealth funds, pension funds, and other institutional investors as limited partners. Its track record includes hundreds of exits and involvement in notable growth stories across technology, consumer, healthcare and other sectors, reflecting a disciplined approach to building lasting companies.

Morningside Group is a venture capital firm founded in 1986, originally established as a family office for the Chan family, and is based in the greater Boston area. The firm makes venture investments in companies with novel science and technology, pursuing a long-term, patient approach to company-building and emphasizing ethical practices. Its investment focus spans life sciences, digital health, artificial intelligence, materials science, and information technology. In addition to its investment activities, Morningside supports charitable initiatives in education, research, and healthcare, with partnerships including 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 founded in 1999 and based in Shenzhen, China. It concentrates on SMEs and innovative high-tech enterprises in emerging industries, including IT, internet, new media, biopharma, new energy, environmental protection, new materials, chemical engineering, and high-end equipment manufacturing, supporting companies in the start-up, growth and transformation stages. The group pursues a long-term, ESG-conscious investment approach and leverages a dense funding network to connect government, industry and academia, promoting regional innovation from the Guangdong-Hong Kong-Macao Greater Bay Area to inland corridors. Its portfolio spans leading Chinese technology and manufacturing firms, reflecting a broad footprint across semiconductors, healthcare, energy and industrial tech, with assets under management of about 339 billion RMB.

Legend Capital is a Beijing-based venture capital firm founded in 2001 and affiliated with Legend Holdings. It focuses on early-stage venture capital and growth equity investments in China and markets related to China, aiming to back high-growth technology-enabled companies and cross-sector ventures. The firm concentrates on sectors such as information technology, communications, consumer, healthcare, industrials, and modern services, with an emphasis on companies that leverage China's scale and ecosystem. Legend Capital provides portfolio companies with strategic resources, network access, and operational support to accelerate business development in the Chinese market and beyond. Over the years, it has built a substantial portfolio of companies and exited a number of investments through various channels, reflecting its role in supporting entrepreneurship and ecosystem development in China's venture capital landscape. The firm operates from offices in major Chinese cities and Hong Kong to support entrepreneurs and partners across the region.

WI Harper Group is a San Francisco-based venture capital firm with roots in China, founded in 1993. It invests in early-stage and growth-stage technology companies across the United States, Greater China and the Asia Pacific, with emphasis on healthcare, biotechnology, artificial intelligence, robotics, fintech, sustainability, and related sectors. The firm maintains a global-local approach, leveraging a network across Beijing, Taipei and San Francisco to support startups from seed to later stages. Over its 30-year history, WI Harper has backed more than 250 companies across about 30 countries and has raised over $1 billion in committed capital, reflecting hands-on involvement and long-term partnerships. Its portfolio spans consumer electronics, software and industrial tech, and the firm seeks opportunities where technology can scale globally, bridging East and West markets.

Shunwei Capital is a Beijing-based venture capital firm founded in 2011 that backs internet and high-tech startups across China. It focuses on early- and growth-stage investments in technology, internet services, hardware and smart devices, and related sectors, and provides capital plus hands-on guidance to help entrepreneurs scale. The firm pursues opportunities in China’s internet and IT ecosystems and has backed notable companies such as Xiaomi, Agora, Huami Technology, iQIYI, and Viomi Technology.

Y&R Capital is a Beijing-based venture capital firm and high-tech incubator established in 2015 that concentrates on medical health, artificial intelligence and robotics, and intelligent manufacturing; it funds precision medicine initiatives and related technologies and also offers incubation and service management to portfolio companies.

Kinzon (Shenzhen) Investment Management is a venture capital firm founded in 2016 that focuses on early‑stage and growth investments in leading‑edge technology, innovative consumption, and education sectors. The firm operates secondary funds and maintains offices in Beijing, Shanghai, and Shenzhen.

Panda Capital is a Shanghai-based venture capital firm founded in 2015 that concentrates on early-stage technology investments, from angel rounds to Series B, with the aim of being the first or second institutional investor for ambitious startups. The firm focuses on fast-growing tech sectors including data-driven AI applications, enterprise services, fintech, logistics, mobility and transportation, and new generation consumer trends. It manages RMB and USD funds and emphasizes value discovery through independent research and close collaboration with entrepreneurs to help scale capabilities and markets.

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.

F&G Venture is a China-based IT investment firm that focuses on technology startups across information technology and advanced manufacturing value chains. It targets sectors including IT infrastructure, cloud computing, internet of things, software and platform markets, big data, and semiconductors, as well as high-end manufacturing domains such as chip modules, intelligent devices, robotics and drones. The firm leverages industry insight, local execution capabilities, and IT ecosystem resources to identify and nurture high-potential startups, helping them mature into world-class enterprises, with an entrepreneurial, professional, and results-oriented culture and offices in Shanghai and Shenzhen.

Glory Ventures is a Shanghai-based venture capital firm founded in 2015 that backs early- and growth-stage startups, with a focus on artificial intelligence, Internet of Things, intelligent hardware, and enterprise services, as well as sectors tied to China’s industrial upgrading and consumption upgrade. It pursues cross-border opportunities, particularly between China and Israel, and operates with a research-driven approach that connects industrial resources with private equity and public-listed companies to build strategic value chains. The firm seeks to support portfolio companies through value-added partnerships and potential exits by M&A or IPO, aiming to foster an ecosystem across multiple industries by backing companies that advance AI, autonomous driving, robotics, smart manufacturing, and cloud computing. Glory Ventures collaborates with industrial capital and leading investors to accelerate growth in its China and Israel investments.

GGV Capital is a global venture capital firm that restructured in 2024 into two brands: Granite Asia and Notable Capital. Granite Asia, headquartered in Singapore, concentrates on investments across the Asia-Pacific region, including Southeast Asia, Japan, China, India, and Australia. Notable Capital, based in Silicon Valley with offices in San Francisco and New York, concentrates on investments in the United States, Israel, Europe, and Latin America. The organization backs technology companies across early to growth stages and maintains an active portfolio strategy across regions. Notable investments include Streamlit, HashiCorp, Grab, Affirm, Poshmark, Wish, and Airbnb. The firm provides resources for founders through its platform and founder portal.

IMM Investment is a Seoul-based asset manager and private equity firm specializing in venture capital, growth equity, infrastructure, mezzanine and multi-asset strategies. Founded in 1999, it operates across Asia with offices in Seoul, Tokyo and Hong Kong, and pursues investments in information technology, healthcare/biotech and manufacturing, as well as technology-enabled sectors such as IT infrastructure and digital hardware. The firm emphasizes active ownership, collaboration with portfolio companies, and cross-border opportunities, including fund-of-funds and real estate. It targets mid-sized companies in South Korea and broader Asia, focusing on value creation through growth, mergers and acquisitions, and strategic recapitalizations, and manages a multi-stage investment approach across startups, expansion and mezzanine rounds. The team, comprising seasoned investment professionals, aims to deliver strong risk-adjusted returns and supports entrepreneurs through various growth phases.

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.

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.

Source Code Capital is a Beijing-based venture capital firm founded in 2014 that invests across seed, early, and growth stages in China’s technology sectors, with a focus on Internet+, AI+, and Global+ opportunities. The firm backs a wide range of sectors including media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare, and has backed notable Chinese tech companies such as ByteDance, Meituan, Beike, and Li Auto. It operates a portfolio-wide platform named Code Hub to facilitate collaboration, mentorship, and resource sharing among founders and portfolio companies, leveraging its research-driven approach to support companies through growth and international expansion. The firm emphasizes macro, meso, and micro perspectives, data and technology-driven value creation, and practical support to founders.

CDH Investments is a China-based international private equity and diversified alternative asset manager founded in 2002. It operates a multi-asset platform spanning private equity, venture, growth capital, real assets, credit and mezzanine, public equities and wealth management, with a focus on investments in Greater China and Southeast Asia. The firm targets opportunities across consumer, technology, energy and healthcare sectors and seeks long-term value creation through partnerships with leading enterprises and institutional investors. Its experienced team collaborates across platforms to support growth, transformations and strategic exits, positioning CDH Investments as one of China’s early professional alternative asset managers with a broad track record of cross-border and domestic investments.

5Y Capital is a Shanghai-based venture capital firm with additional offices in Beijing, Shenzhen, and Hong Kong. Founded in 2008 by Ken Shi and Richard Liu, it operates as part of the Morningside Group. The firm backs early to growth-stage opportunities across sectors including technology, life sciences, healthcare, fintech, internet, information services, software, consumer and education. It targets investments in China and broader Asia/Pacific emerging markets, with typical initial commitments above USD 500,000, and supports portfolio companies through multiple growth stages. 5Y Capital has a global reach with a diverse portfolio and aligns with responsible investing principles as indicated by its signatory status to the UN Principles for Responsible Investment.

Founded in 2013, Gaorong Capital is a Beijing-based venture capital firm that targets early-stage technology investments in the Asia-Pacific region. The firm backs companies across telecommunications, media, life sciences, cosmetics, and technology, helping them scale through strategic resources and guidance. Its investor base includes sovereign wealth funds, university endowments, pension funds, foundations, and funds of funds, as well as entrepreneurs from leading technology groups who contribute industry experience and global perspectives.

Xianghe Capital is a Beijing-based venture capital firm that invests in early- and growth-stage opportunities across technology, media and telecommunications, artificial intelligence, advanced manufacturing, new energy, and new materials in China. Founded in 2016 by Tang Hesong and Yang Liu, former Baidu corporate development leaders, the firm pursues technically disruptive opportunities through a strategic-analysis-driven approach and provides deep strategy, investment, and operational support to its portfolio companies. Its team combines experience from Baidu’s strategic investment unit with other top tech firms, enabling strong industry connections and hands-on guidance in areas such as artificial intelligence, automotive supply chains, and enterprise services. Xianghe Capital has a substantial capital base—over RMB 15 billion in assets under management—and a portfolio of more than 80 companies, including unicorns, reflecting its scale and emphasis on growth-stage opportunities.

Lighthouse Capital Management is a Shanghai-based venture capital firm that backs early-stage technology companies in China and the United States. It focuses on hardware equipment, Internet-plus applications, and enterprise data services, and supports portfolio companies with capital and strategic guidance to drive growth. The firm manages several RMB funds and a USD fund, with assets under management in the tens of billions of RMB, and seeks to partner with startups to accelerate innovation across sectors.

Baidu Ventures is the venture capital arm of Baidu, based in Beijing with an office in San Francisco. Established by Baidu in 2017 as an independent fund, it focuses on early-stage investments in AI-centered technologies, including artificial intelligence, life sciences, robotics, big data, and related tech sectors, with emphasis on AI-driven applications such as autonomous driving and embodied intelligence. The firm backs startups developing next-generation technologies and scalable platforms that leverage AI, pursuing opportunities across Asia and global markets.

SOSV is a global venture capital firm that provides early-stage and seed investments alongside structured accelerator programs and deeply resourced facilities to accelerate product development. Focused on deep tech, human and planetary health, and cross-border software, SOSV backs startups from pre-seed onward and runs programs that accelerate technical development, regulatory strategy, and fundraising. The firm maintains labs and engineering spaces with specialist staff in multiple regions, including the United States and Asia, to support portfolio companies in biosafety, chemistry, mechatronics, analytics, and electrical engineering. Programs such as HAX and other live events offer founders access to prototyping, testing, and investor networks. Annually, SOSV makes around sixty pre-seed investments (up to roughly $550k each) and participates in numerous follow-on rounds, leveraging a global portfolio and extensive co-investor network to help deeply technical startups scale and reach markets.

BlueRun Ventures is a venture capital firm founded in 1998 and headquartered in San Mateo, California, with offices in the United States and in Asia, including Shanghai, Beijing, and Korea. The firm invests globally in fintech, digital health, enterprise software, and consumer experiences, and has a focus on information technology, mobile, and consumer technologies, particularly mobile opportunities. It backs early-stage companies and has built a portfolio of more than 160 companies, with notable exits such as PayPal, Waze, Topsy, and Coupa. The firm originated as Nokia Venture Partners and renamed BlueRun Ventures in 2005, reflecting its evolution as an independent investor that partners with entrepreneurs to grow innovative businesses.

China Growth Capital is a Beijing-based venture capital firm founded in 2006 that invests in early to growth-stage companies. The firm focuses on sectors including SaaS, fintech, enterprise software and services, frontier technologies, life sciences, online education, consumer internet, and marketplaces, with a geographic emphasis on China and Silicon Valley. It typically supports seed to Series B rounds, with investment sizes commonly in the low to mid millions of dollars per company and a hard cap around fifteen million per company. The firm has built a multi-fund platform and manages assets across RMB and USD vehicles. China Growth Capital aims to back startups with scalable business models and global potential.

Lenovo Capital and Incubator Group is Lenovo’s corporate venture capital and incubation arm, building a global ecosystem with hundreds of portfolio entrepreneurs across Beijing, Shanghai, Shenzhen, Hong Kong, Israel and the United States. It supports ventures through venture investment, incubation programs and ecosystem collaborations such as the Venture Academy and Tech Watch Tower. The group backs companies in core technology sectors including artificial intelligence, semiconductors, robotics, autonomous driving and smart manufacturing, with a portfolio that features notable names such as CATL, Meituan, Cambricon, NIO, Megvii and Yunji Technology. It focuses on advancing mass production and integration through initiatives like the Spark & Light Plan, aiming to move ventures from research and development to scaling manufacturing, including humanoid robotics initiatives. Lenovo Capital and Incubator Group also emphasizes industry events and global leadership in tech, exemplified by activities such as the Lenovo VC CEO Annual Conference and the CVC Week. Overall, it operates as Lenovo’s toolkit to scout, fund and incubate next-generation technologies and help integrate them into Lenovo’s strategic roadmap.

Oriental Fortune Capital is a Shenzhen-based venture capital firm that invests in seed to Pre-IPO opportunities across China. The firm backs early to growth-stage companies in information technology, semiconductors, big data, telecom, media and entertainment, biomedicine and healthcare, energy and environmental technology, new materials, advanced manufacturing, consumer goods, and related services. It concentrates on investments in key Chinese markets, with operations in Shenzhen and offices in Shanghai, Beijing and Wuhu, and focuses on the Pearl River Delta, Yangtze River Delta, and Circum-Bohai-Sea regions including major cities such as Shenzhen, Guangzhou, Shanghai, Nanjing, Tianjin and Beijing. Portfolio strategy emphasizes allocations of roughly 20% to early stage, 40% to expansion, and 40% to Pre-IPO opportunities. The firm seeks to identify innovative, growth-oriented technology and modern service companies that can scale domestically and regionally within China.

Mitsubishi UFJ Capital is a Tokyo-based venture capital firm established in 1974 that funds seed, development-stage and startup companies in Japan, focusing on life sciences, healthcare, biotechnology, information technology, electronics and other high-technology sectors such as fintech and AI. It pursues cross-border opportunities and investment syndication, often collaborating with MUFG and international partners to support portfolio companies’ growth and access to overseas markets, and to connect Japanese portfolio companies with strategic partners and potential exits.

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.

Plum Ventures is a venture capital firm founded in 2014 and based in China, specializing in seed and early‑stage investments across technology, new media, telecommunications, consumer sectors, hardware, and the broader internet economy. It is described as one of China’s most active early‑stage investors, backing hundreds of companies and providing comprehensive post‑investment support such as follow‑on financing, media exposure, legal and tax guidance, executive recruitment, mentorship, and resource matching. The firm emphasizes speed and discipline in its investment process, making decisions rapidly and offering swift bridge financing. Its portfolio spans consumer and technology companies across digital, energy, semiconductors, intelligent manufacturing, and related fields, reflecting a focus on teams with strong heart and market fit. Plum Ventures markets itself as a long‑standing partner to founders, aiming to help companies grow from seed to scale through hands‑on guidance and strategic value creation.

SMBC Venture Capital is the venture capital arm of Sumitomo Mitsui Banking Corporation, focusing on growth equity and buyouts across information technology, life sciences, services, and manufacturing. Founded in 2005 and headquartered in Tokyo with an office in Osaka, it leverages the SMBC network to connect portfolio companies with large corporates, talent, and specialists, providing stage-appropriate, coordinated support through its integrated team. The firm pursues a long-term, growth-focused approach and invests across industries and stages, aiming to back companies that improve lives and address social challenges. Its portfolio has included more than 400 companies that have achieved initial public offerings, reflecting its emphasis on value creation alongside entrepreneurs.

Mizuho Capital is the venture capital arm of Mizuho Financial Group, based in Tokyo, Japan. It invests in innovative startups and growth-stage companies, leveraging the Mizuho ecosystem (including Mizuho Bank, Mizuho Securities, and Mizuho Trust & Banking) to support portfolio companies. The firm focuses on information technology and biotechnology, while also backing opportunities across internet-related services, healthcare, manufacturing, and services sectors. It originated in 2002 through the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment, and is part of a broader corporate group with ties to Mizuho Bank. The firm has a history of portfolio companies going public and maintains a recognized presence in Japan's venture capital landscape.

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 China-based venture capital and private equity firm specializing in semiconductor investments, including buyouts, early-stage, growth, and mature-stage opportunities. The firm targets integrated circuits and related industries in China and provides portfolio companies with professional operation, management, and value-added services to support growth. The team comprises semiconductor entrepreneurs and industry veterans from China and abroad with extensive experience in entrepreneurship, management, and investing; the firm leverages its specialized industry knowledge and network to help portfolio companies scale and pursue leadership in the semiconductor sector.

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

Global Brain is an independent venture capital firm based in Tokyo that supports startups with extensive hands-on guidance and open innovation with large corporations. It manages over $2.7 billion in assets and has invested in more than 1,300 deals, with about 450 portfolio companies and a history of 42 IPOs and 89 M&A exits. The firm backs seed to growth-stage technology companies globally, spanning Europe, North America, Africa, and Asia-Pacific, and collaborates with corporate venture programs and public partners to accelerate portfolio growth. Its investments cover sectors such as artificial intelligence, space, education, HR tech, life sciences, and enterprise software, among others.

Redpoint Ventures is a venture capital firm founded in 1999 and based in Woodside, California. It funds seed, early, and growth-stage technology companies across software, internet, cloud, consumer, fintech, healthcare, and infrastructure, with investments spanning the United States and China through Redpoint China Ventures. The firm manages multiple funds and supports portfolio companies with capital, strategic guidance, and go-to-market assistance to accelerate product development, scaling, and market adoption. Redpoint maintains ecosystem content and thought leadership to inform its network of founders and investors, and operates as an independent registered investment adviser focused on technology-enabled businesses.

Sequoia Capital is a venture capital firm founded in 1972 and based in Menlo Park, California. It provides capital and strategic guidance to seed, early, and growth-stage technology companies, focusing on software, information technology, internet, and related sectors. The firm operates globally, with investments and activity across the United States, China, India, Israel, and other markets through a network of regional partners. Sequoia Capital emphasizes selective, long-term partnerships, working closely with portfolio companies to assist with product development, business building, and market expansion to support durable growth.

Addor Capital is a growth capital firm based in Nanjing, China. It invests in seed-, early-, and growth-stage companies across sectors including clean technology, health, new materials, advanced manufacturing, consumer services, cultural industries, and TMT in China, providing growth financing to help portfolio companies scale in the domestic market.

IER Venture Capital Co., Ltd. is a principal investing firm specializing in startups and growth stage investments. IER Venture Capital Co., Ltd. is based in Shenzhen, China.

OrbiMed is a global healthcare-focused investment firm founded in 1989 and headquartered in New York. It manages assets across public and private markets and pursues opportunities across the healthcare spectrum, including biopharmaceuticals, medical devices, diagnostics, digital health, and health services. The firm invests in startups, growth-stage companies, and established entities, leveraging scientific and medical expertise to support development and commercialization. It also offers financing solutions such as structured debt and royalty monetization for intellectual property and medical diagnostics.

S&G Investment is a Shanghai-based investment firm founded in 2016 that focuses on education sector opportunities, including K-12 and adult vocational education. It operates as a principal investment firm and is governed by an executive management team. The firm manages multiple education-focused funds and deploys capital across early- and growth-stage opportunities within China’s education landscape.

ORIX Capital is the venture capital arm of ORIX Corporation, based in Tokyo, Japan. It acts as a corporate venture and growth investor, backing mid- to growth-stage companies and pursuing opportunities with potential IPOs. Leveraging the ORIX Group's network, assets, and management know-how, it supports entrepreneurs to scale and manage risk. It invests across multiple sectors and aims to create value beyond capital through the parent company's resources and governance.

Volcanics Venture is a Shanghai-based venture capital firm founded in 2016 that manages RMB and USD funds with assets under management exceeding RMB 3 billion. It concentrates on mid-to-early stage Chinese startups with high growth potential in intelligent technologies, new healthcare and life sciences, and technology-driven consumer sectors, including internet innovation, artificial intelligence, cloud technology, and smart devices. The firm provides ongoing value-added services to portfolio companies and combines a global perspective with local experience to support growth and generate sustainable returns for investors. The management team consists of Suyang Zhang, Yeshun Dong, and Ying Wu, who bring extensive venture capital and corporate-management experience, and the firm operates from offices in Shanghai and Beijing.

Linear Capital is a Shanghai-based venture capital firm founded in 2014 that concentrates on data intelligence, data infrastructure, and frontier technology. It invests in early- and mid-stage technology startups, emphasizing applications of data, artificial intelligence, and related digital technologies across sectors such as internet services, fintech, robotics, and IoT. The firm positions itself as an active partner, providing strategic support beyond capital, including talent acquisition, market development, and investor relations to help portfolio companies scale. With a global perspective, Linear Capital seeks to bridge industry expertise and technological innovation to accelerate the commercial adoption of frontier technologies.

Meridian Capital Asia is a Singapore-based venture capital firm founded in 2008. It has raised more than 1.5 billion across nine funds and invested in more than 280 startups, with a portfolio spanning deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise software, semiconductors, renewables, new materials, fintech, consumer internet, and other digital sectors. The firm participates in a range of financing rounds from early to late stage, including mergers and acquisitions, and emphasizes digitalization and innovation across technology-enabled markets in Asia and beyond. Its portfolio includes companies such as BOSS Zhipin, Weimob, Biren Technology, and Origin Quantum. Meridian Capital Asia maintains offices in Singapore, Silicon Valley, Shanghai, and Beijing, and its investments cover Southeast Asia, China, the United States, the Middle East, Japan, and Europe. The firm is regarded as a leading venture capital institution, supported by a team of experienced partners led by Founding Managing Partner Tracy Ji and senior executives with cross-border technology and finance expertise.

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.