Companies


We at Source Code Capital insist on fundamental research and independent thinking to drive our investments. We are focused on our “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ (China-angle companies in the international arena), and invest along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare. To date, our team has led investments in close to 150 companies in both early and growth stages.

Internet +

– Internet + Consumer –
Meili Inc.
Meili Inc. (“Meili”) is a fashion and lifestyle destination in China. Through a variety of fashion content and a wide range of fashion products, it offers a superior shopping experience while serving as a means for users to share and discover fashion trends. In 2011, Meili’s flagship APP Mogujie was launched. In June 2016, Meili Inc. was formed through the strategic merger of Mogujie and Meilishuo. Meili provides products and services across the Mogujie, Meilishuo and uni platforms.

Early stage investments

TONG SUN

YI CAO

Meituan-Dianping
Meituan-Dianping is China’s largest e-commerce platform for a broad variety of local services, and uses technology to connect consumers and merchants. With its “We Help People Eat Better, Live Better” mission, Meituan-Dianping offers a one-stop platform to enhance consumers’ daily lives. It currently has a leading market position in many areas including restaurant reviews, catering and takeaway services, hotel, travel, beauty, parent-child activities, leisure and entertainment.
The company also aims to transform China’s service industry by providing merchants with a wide range of solutions, including targeted online marketing tools, cost-effective on-demand delivery infrastructure, cloud-based ERP systems, integrated payment systems, and supply chain and financing solutions. By leveraging AI technologies and innovation, Meituan-Dianping is empowering local consumers and transforming the entire service industry into a digital ecosystem.

Growth stage investments

YI CAO

XINGSHI WANG

RUNZE CHEN

NIU Technologies
Founded in 2014, NIU is a leading provider of smart urban mobility solutions. Its innovative smart electric two-wheeled vehicles are redefining user mobility experiences in urban cities around the world. The company’s core team is made up of executives from BMW, Microsoft, Intel, Huawei, McKinsey, KKR, and Bain Capital, all of whom are committed to improving urban commuting globally.
NIU currently designs, manufactures and sells high-performance smart e-scooters. It has a streamlined product portfolio consisting of three series, N, M and U, with multiple models and specifications for direct to consumer, delivery, and sharing markets. NIU has won seven major international design awards for its M-Series scooter, including the German Red Dot, German iF, American IDEA, Japan G-Mark, China Red Star, Hong Kong DFA and Taiwan Golden Pin in 2017. The M-Series is the only urban mobility product that has won all seven of these design awards in 20 years. In 2017, NIU launched the ultra-lightweight U-Series scooter, which has also been well-received by customers and design awards, including the German Red Dot.

Growth stage investments

YIWEN HAO

RUNZE CHEN

YI CAO

Huizhaofang
Huizhaofang was developed and operated by the Huizhaofang (Beijing) Network Technology Co., Ltd. It is a service platform launched by Huifenqi, a leading company in the rental market, providing renters with housing information and housing security services. Established in August 2017, Huizhaofang seeks to create a better rental experience for renters. The platform is connected with the branded apartment to ensure the authenticity of the property. As the apartment is directly rented, the agency fee is exempted, and the rental cost is reduced for the tenant. The Huifenqi brand enables monthly payment installment services. For tenants paying rent, the service provides a monthly payment product that greatly reduces financial pressures. The model forms a unique advantage of “real estate, agency fee free, and monthly rent payment.” 

Early stage investments

TONG SUN

Huishoubao
Founded in 2014, Huishoubao is currently China’s leading consumer electronics recycling company. Huishoubao has attracted numerous leading Venture Capital investments, including Source Code Capital, Chengwei Capital, CITIC Capital, SMC, Strait Capital, Alibaba. Huishoubao takes a corporate vision of “Restoring Value to Those Set Idle,” and hopes to recreate value for its users through the art of recycling.​

Early stage investments

YIWEN HAO

YI CAO

Ke.com (Homelink)
Ke.com established in April 2018. Positioned as a premium housing service platform powered by technology. Ke.com has competitive advantages in product, quality control and data mining.By bringing together and enabling agencies on the top rung of the property market, Ke.com has carved out a landscape of premium housing services and propelled the continued growth of the business , and provided customers all-around services in second-hand, brand new properties,rentals,decoration and community service.

Growth stage investments

YI CAO

KAISI CHANG

JIHONG ZHANG

Weimai
With the mission of “Making healthcare services simpler,” Weimai is based on the localization of medical health services, connecting all medical and health resources on a city-by-city basis. It is building a big data platform of healthcare services on a city-level basis, and providing users with Internet-based appointment registration systems, full-process payments, doctor online consultation, report inquiries, medical record management, prescription distribution, maternal and child and chronic disease management, graded diagnosis and treatment, and remote diagnosis, etc., to build a local one-stop healthcare service platform. It has devoted itself to make “everyone to have a health record, and that each family has a family doctor, and each city to have online hospitals.”

Early stage investments

YIWEN HAO

WANRONG ZHAO

YI CAO

Growth stage investments

YIWEN HAO

WANRONG ZHAO

YI CAO

Julive
Julive is the largest B2C new house trading platform in China. Since its official launch in 2015, Julive has been providing services to customers in 11 major cities, including Beijing, Shanghai, and others. With its large online database, experienced agents and highly standardized service processes, Julive provides better services and operates more efficiently than its competitors.

Early stage investments

XINGSHI WANG

YANG LIU

Growth stage investments

XINGSHI WANG

YANG LIU

KnowBox
KnowBox specializes in K12 Internet education and is committed to becoming the “Google Classroom in China.” It is a leading platform of online homework and game-based content for the underserved K6 teachers and students segment in China. The company is dedicated to becoming a comprehensive platform for students to learn and integrate various educational and coaching resources. Multi-device adaptation, data synchronization, and teacher and student connection are combined to complete the cycle of teaching and learning.

Growth stage investments

YUNGANG HUANG

NAN HE

XinChao Media Group
XinChao Media Group is a technologically-driven, innovative company that transforms and empowers traditional media through the Internet. The company is led by founder Zhang Jixue, a media veteran with over 20 years of entrepreneurial and management experience, and is co-founded by Peng Shengdong (founder of 2345.net) and Shu Yi (founder of Limei DSP).
XinChao is committed to providing customers with more accurate and effective community media traffic, and uses the elevator TV as the primary medium to reach middle-class communities. To date, it has expanded to 100+ cities nationwide in China, representing 700,000+ elevators, and reaching 200 million family groups every day. It has also attracted over 16,000 elevator TV advertising business partners. In the coming five years, XinChao aims to extend coverage to over 2 million elevators, and build a community media traffic platform for 300-500 million people every day.
The company has significant investment from the founding team, and its investor base currently comprises of top-tier financial and strategic institutional investors such as Baidu, 2345.net, Opple Lighting, China Red Star, and other influential individual investors.

Growth stage investments

YI CAO

KAISI CHANG

Walnut Coding
Walnut Coding is a leading online coding education institution serving K-12 students in China. The company’s vision is to be “the parents’ most trusted children’s coding education brand” in China. Walnut is committed to inspiring and advancing children’s learning through scientific methods and advanced technologies, including artificial intelligence and adaptive learning. The company is also dedicated to promoting coding education through high-quality and reliable coding products and services for children worldwide.

Early stage investments

NAN HE

Pagoda
Pagoda is a large-scale fruit franchise with integrated businesses in fruit cultivation, marketing, branding, retailing, warehousing, scientific research, and workforce training. Since the company was founded in 2001, Pagoda has already covered more than 60 cities nationwide, over 3,000 retail stores, 21 distribution centers, and 230 fruit orchard bases. Pagoda provides over 30 million families in China with fresh and mouthwatering fruit products from around the globe.

Growth stage investments

KAISI CHANG

YANGJIE SHE

Linji Convenience Store
Anhui Linji Convenient Store Co.ltd was founded by a team of enterprising experts in the convenient store business in May 2017.Located in Hefei which is renowned as an innovation hub and lake city,it has opened over 300 top-notch convenient stores all over China through acquisition and expansion. Convenient stores bearing its name have dotted cities like Hefei Wuhu Ma’an shan,Tongling,Bengbu,Huai’nan.In accordance with our company value“ Making life easier” and our operating beliefs:Coordination,Win-Win,Mutual Respect and Sharing,this company provides a efficient ,convenient and clean shopping environment and leisure shopping experience to our white collar customer base. We plan to expand to over 350 outlets in 2019 with an annual sale of 500 million Yuan,and will open over 2000 stores around Anhui in the next three years.Linji Convenience Store is committed to creating a third space of more convenient and higher quality urban life for customers, making Linji a national convenience store brand with high social responsibility and social recognition.

Early stage investments

KAISI CHANG

Growth stage investments

KAISI CHANG

RELX Technology
RELX Technology is a consumer electronic cigarette company founded in China. Its main business is the development, design, and sales of RELX electronic cigarettes. With its advanced technology and product, its mission is to accelerate the transformation of the world’s one billion smokers, and bring to them healthier and happier lifestyles. RELX’s motto is, “Smoking can be delightful and carefree.”​
​RELX was founded in 2017, and has attracted numerous leading Venture Capital investments from Source Code Capital and IDG Capital. Currently, RELX has offices in Beijing, Shanghai, and Shenzhen, and has plans to expand internationally to better serve its global customer base. RELX’s founding team members come from renowned consumer electronics, FMCG, internet, consulting and investment companies, such as P&G, L'Oreal, Unilever, Huawei, Oppo, Mercedes-Benz, and Bain & Consulting.​

Early stage investments

YUNGANG HUANG

NAN HE

Ziroom
Ziroom is a tech company that provides high-quality household products and life services, and is China’s largest rental apartment manager. Founded in October 2011, Ziroom has an established presence in Beijing, Shanghai, Shenzhen, Hangzhou, Nanjing, Guangzhou, Chengdu, Tianjin, and Wuhan. Currently commissioning and managing more than 700,000 properties for more than 350,000 property owners, Ziroom has served 1.6 million tenants and has managed assets collectively valued at over RMB 800 billion. Ziroom owns products such as Youjia, Zhengzu, Ziroom Apartment, zrChoice, Haozhai, Meeta Social Networking, and Ziroom Stay, providing clients with cleaning, moving, and home maintenance services.

Growth stage investments

KAISI CHANG

JIHONG ZHANG

YI CAO

Qing Hotels
Qing Hotels helps the hotel innovation platform in the new era, providing marketing, brand building, operation, hotel talents, supply chain and system empowerment for franchised hotels. It aims to help franchisees, improve operational efficiency and operating income. Since its establishment, it has been stationed in 153 cities, 29 provinces and cities, and more than 2,700 hotels have joined. It has completed three consecutive rounds of funding from top-tier institutions and has emerged as the leader among domestic light franchise hotel chain brands.

Early stage investments

YUNGANG HUANG

NAN HE

JIHONG ZHANG

– Internet + Product –
Baibu
Baibu is the leading fabric B2B e-commerce platform in China. It solves four major pain points of the apparel business in the process of sourcing and purchasing fabric: low efficiency in search, high costs in sourcing, variability in quality, and no guarantee of after-sales service. So far, its scope covers seven cities with over 3 million SKUs. It has partnered with nearly 3,000 upstream fabric factories and thousands of downstream garment enterprises. Its monthly sales revenue has exceeded RMB 100 million.

Early stage investments

XINGCHEN ZHANG

YANGJIE SHE

Growth stage investments

XINGCHEN ZHANG

YANGJIE SHE

Yimutian
Yimutian is a technology-driven company dedicated to improving the quality of agricultural production and promoting the circulation efficiency of agricultural products. By leveraging mobile Internet technology to provide trade-matching and supply chain services, it seeks to become China’s leading agricultural B2B e-Commerce platform. Since its establishment in 2011, Yimutian has created a nationwide leading agricultural service platform for all categories of agricultural products, and is committed to “Bringing agricultural products direct from farm to city” and “Making every acre of land more valuable.” As of November 2019, the company’s total number of registered users exceeded 20 million, representing a coverage of over 2,800 counties across the country, and accounting for over 12,000 kinds of agricultural products.

Early stage investments

YI CAO

WANRONG ZHAO

PPWang
PPWang is a B2B mobile platform for clothing wholesale. The company relies on big data technology, live video broadcasts, and the Internet of Things to create a new e-Commerce wholesale platform for clothing, and seeks to upgrade the inefficient and disconnected traditional clothing supply chain in China. The company currently offers seven clothing categories, including women’s, men’s and children’s clothing, shoes, bags, accessories, and undergarments. Today, it has full coverage of the wholesale business chain in Guangzhou, Dongguan, Shenzhen, Hangzhou, and other cities. It is quickly becoming the “first choice” of supply among wholesalers and buyers, and has attracted over 9,000 wholesalers to merge onto the PPWang platform. This represents a coverage of over 850,000 merchant purchasers nationwide in China, over 40,000 orders per day, and a transaction volume exceeding RMB 8 million per day.

Early stage investments

YI CAO

WANRONG ZHAO

Che300
Founded in April 2014, Che300 is an independent third-party vehicle pricing and condition query service platform. The company provides one-stop services for key data in the automobile trading and financial industry chain, such as vehicle pricing and vehicle condition information, vehicle loan asset scanning analysis, pre-lending and post-loan big data risk control, financing transactions and managing vehicle disposals.
Che300 uses a powerful technical team, from data mining, data cleaning, modeling and output, which, when coupled with the AI ​​intelligent learning system, continually improves the accuracy of vehicle evaluation. Every day, 1 million vehicles pass the Che300 system evaluation, and the accuracy rate has exceeded 90%. Up to now, the cumulative number of calls for the evaluation system of the Che300 is about to exceed 3.5 billion, and the number of partners has exceeded 1,500.

Early stage investments

XINGSHI WANG

YQNLink
YQNLink is a leading one-stop international logistics online service platform, offering comprehensive international logistics services including ocean freight, air freight, trucking services, customs clearance, warehousing, cargo insurance, port of destination services, etc. It is designed to apply the internet and digital technology to visualize and optimize cross-border supply chain logistics to achieve the same convenience as express delivery. YQNLink has completed the C round of financing and serviced more than 10,000 enterprises until now.

Early stage investments

YI CAO

YANG LIU

Growth stage investments

XINGSHI WANG

YANG LIU

Yijiupi
Beijing Yijiupi E-commerce Co., Ltd. was established in 2014 and operates its B2B e-commerce platform to serve a wide range of resellers and retailers (F&B stores, convenience stores, supermarkets, and other channels). Yijiupi gained a firm lead in the consumer goods B2B e-commerce industry after years of rapid development and intensive development. In 2016, the company expanded its business horizontally in the areas of FMCG such as beverages, food, and other consumer goods, covering all first and second-tier cities in China. Yijiupi has now become China’s leading FMCG B2B e-commerce platform.

Growth stage investments

YI CAO

KAISI CHANG

JIHONG ZHANG

Ruigushop
The MRO industrial product trading market has significant space for innovation and efficiency improvements. Ruigushop was formally established in 2015 and officially began its sales in 2016. Ruigushop is committed to reforming the supply chain of the traditional industrial internet market, bringing an efficient purchasing experience to each user. It has been deployed in more than 100 cities across China.

Early stage investments

YI CAO

XINGSHI WANG

RUNZE CHEN

Yimidida
Established in 2015, Yimidida is the fastest-growing LTL company in China. With goals to become a customer preferred, logistics-based integrated service platform, it has pioneered a “network-crowdfunding + capacity-crowdsourcing” model, and has set up a national service network with 179 hubs, more than 3,800 routes and 10,000 depots. Yimidida has attracted numerous leading Venture Capital and Private Equity investments, such as GLP, Source Code Capital, Cathay Capital, CDH, CDB International, K2VC, SINO-OCEAN, HOPU and others.

Early stage investments

YI CAO

YANG LIU

Growth stage investments

XINGSHI WANG

RUNZE CHEN

CHUXIN
CHUXIN, a leader of smart commercial kitchens, is committed to improving the level of intelligence and automation in commercial kitchens, and in improving the infrastructure of seven million restaurants in China. Liu Changyi, the founder of CHUXIN, is a graduate of Tsinghua University and had held various senior positions at Tencent and Meituan. Liu has a deep understanding of the high-tech industry, as well as the F&B and catering business.

Early stage investments

YIWEN HAO

YI CAO

ZSKX
With a focus on Tier 2-4 cities in China, by leveraging its self-built warehouse, market team, and information platform, ZSKX has built an efficient channel to directly serve small stores. Since launching in July 2016, it has grown rapidly to become China’s leading, and South China’s first FCCG B2B platform, and has won the favor of leading organizations such as Source Code Capital, Meituan.com, GLP Group, and other leading firms.

Early stage investments

XINGSHI WANG

XiaoYaoYao
XiaoYaoYao was founded in August 2015, and operates its main product, “Yao Help,” China’s leading B2B platform of pharmaceuticals wholesale and distribution. It is a major technology solutions provider for hundreds of thousands of Chinese pharmacies, clinics and other medical institutions. By combining the most advanced technologies with data-driven business models, XiaoYaoYao has focused on building an efficient and effective pharmaceutical distribution system in China. Its slogan sums up the company’s business: “Convenient and inexpensive purchasing, let Yao Help!”

Early stage investments

YI CAO

XINGSHI WANG

RUNZE CHEN

Growth stage investments

YI CAO

XINGSHI WANG

RUNZE CHEN

Zsfucai
Established in 2017, Zsfucai is a leading B2B e-Commerce provider of construction materials in China. Using technology, the company is transforming this RMB 300 billion transaction market, which to date remains highly traditional and fragmented. It aims to improve the industry’s efficiency and promote industry integration through Internet+. The company’s mission is to reshape the building materials industry chain, and become China’s most trusted e-Commerce site for home improvement and construction-related materials. Led by founder Chengkun Xue (a serial entrepreneur and previously co-founder of PPzuche), the company’s founding team has a wealth of experience in the Internet+ building materials space.

Early stage investments

YI CAO

WANRONG ZHAO

Edianzu
Edianzu is the largest enterprise IT leasing service and management platform in China, creating a closed loop for the IT office industry chain, from equipment leasing, to IT services, asset management, to PC manufacturing, equipment recycling, and one-stop solutions to corporate IT problems. It also provides corporate customers with free deposits, monthly payments, 4 hours expedited on-site repair services, product life cycle warranty and other expedited services.

Growth stage investments

KAISI CHANG

JIHONG ZHANG

YANGJIE SHE

Huzan Social Retail
Huzan Social Retail (affiliated with Shanghai Huzan Information Technology) focuses on providing one-stop social-retail management and operational services for merchants. It addresses SaaS for social-retail businesses innovatively in an era that is driven by consumption upgrade and technological innovation. Huzan helps merchants build private domain traffic, focus on products and services, better manage their social-retail CRM, and ultimately help them provide customers with a better experience.

Early stage investments

DANDAN CHEN

YIWEN HAO

JIHONG ZHANG

Zhongneng United
Founded in 2016, Zhongneng United Digital Technology Co. Ltd. is a B2B platform for construction equipment rental. The company’s existing fleet of nearly 10,000 units covers a variety of categories, such as scissor forklifts, straight-arm vehicles, curved-arm vehicles, and spider cars, meeting the construction needs of multiple fields across construction, industry, and commerce. The company relies on cutting-edge technologies such as big data, AI, and the Internet of Things to create a new intelligent industrial ecosystem, and is committed to becoming the world’s leading B2B service platform for engineering equipment.
In the future, through adopting an open platform strategy, the company plans to build upon its leading position in the engineering equipment rental market and bring its technology and services worldwide.

Growth stage investments

XINGSHI WANG

RUNZE CHEN

Casstime
Casstime, which focuses on“ Auto parts search + Smart matching” , is a leading auto parts trading platform in China. It provides services to 60,000 workshops in more than 300 cities of China, and serves more than one million vehicles per month. Most of the core team members are from Huawei and Silicon Valley. Casstime evolves to build the technology infrastructure of the automotive aftermarket to improve efficiency of the whole industry. At present, the business includes a procurement platform for workshops with full coverage of spare and maintenance parts, SaaS management system for workshops, supply chain finance, and logistic services.

Growth stage investments

XINGSHI WANG

RUNZE CHEN

– Internet + Financial –
Qudian Group
Qudian Group (NYSE: QD), founded in March 2014, is a leading fin-tech company in China. The Company uses big data-enabled technologies, algorithmic simulations and technology services to create value for financial institutions, and help young consumers approach a better life. After its market debut on the New York Stock Exchange (NYSE) on October 18, 2017, Qudian launched its retail auto finance service, Dabai. Aimed at providing the “first car for young people,” Dabai enjoys great popularity in the market as it has completely transformed the auto retail and finance experience by its user-centric service, low down-payment requirements, and transparent and affordable fees.

Early stage investments

YI CAO

XINGSHI WANG

Growth stage investments

YI CAO

XINGSHI WANG

Asset 360
Asset 360(www.zichan360.com) was founded in December 2014, and affiliated with Beijing Trust Link Science & Technology Ltd. It is the first online and big data-powered financial non-performing loan disposal service platform in China. Asset 360 defines itself as an Internet asset management company, utilizing big data technologies, including the Internet, artificial intelligence, machine learning, semantic analysis, and other tools for asset pricing, disposal decision, and financial product matching management. It provides comprehensive post-lending asset management services by working with asset disposal institutions throughout the country.

Early stage investments

TONG SUN

Magnet Finance
Magnet Finance, a pioneer of supply chain finance, focuses on small and micro enterprise credit in B2B, verticals, SaaS, ERP suppliers, and other fields. Yan Qiang, the founder of Magnet Finance, is a pioneer in combining small and micro finance theories with implementation and actual practice. Yan was named one of the “2014 Shanghai Financial Industry Leaders.”

Early stage investments

XINGCHEN ZHANG

YANGJIE SHE

Growth stage investments

XINGCHEN ZHANG

YANGJIE SHE

Insnail Hospital
Insnail Hospital is the first third-party insurance consulting platform in China. Insnail Hospital provides consulting services such as insurance purchasing and compensation claims to its users in a scientific and professional manner. Other services include risk analysis in product selection and comparison, pre-review of insurances, assistance in claim settlements and disputes resolution, as well as safeguarding rights of misguided sales, covering the entire insurance process.

Early stage investments

TONG SUN

XIAOLIANG WANG

HANGZHOU WEIEASE TECH CO.,LTD
HANGZHOU WEIEASE TECH CO.,LTD is an insurance and technology company, dedicated to serving the insurance sector through Internet+ and digitization. The company aspires to “serve society, serve the industry, and serve service agents.” Its innovative insurance APP aims to connect and empower industry-wide agents through better connectivity and more efficient operations. It also serves society by raising awareness on the protection and benefits that can be derived from being insured. After 3+ years of operation, the company is currently one of the largest Internet+ and insurance support platforms nationwide in China.

Early stage investments

YUNGANG HUANG

RUNZE CHEN

AI +

Bytedance
Bytedance is a technology company operating a range of content platforms that encourage and inspire creation and communication.
Dedicated to building global platforms of creation and communication, Bytedance’s platforms enable people to discover and create a world of content powered by technology. It informs, educates, entertains and inspires people across languages, cultures and geographies. Available in over 150 markets and 75 languages, Bytedance’s platforms aim to help people discover the world and empower everyone to be a creator.
In 2016, Bytedance established an AI Lab which builds on the company’s vast and complex datasets to develop state-of-the-art innovations in artificial intelligence. 

Growth stage investments

YI CAO

KAISI CHANG

LEADING IDEAL
Founded in 2015, Leading Ideal is committed to changing travel with technology to benefit more people. The Founder Li Xiang has over 10 years of experience in the automotive industry, and previously founded and led Autohome (NYSE: ATHM) public with a market capitalization of $10+ billion.
In October 2018, the smart electric car brand “Ideal Car” was unveiled, and the company released ONE, a luxury SUV, as the first of its intelligent electric vehicle series. ONE uses an extended range electric solution with a combined NEDC range of 800+ kilometers. It is fully equipped with intelligent systems, a four-screen smart interaction, and full-vehicle voice capabilities. Ideal ONE expects to commercialize and commence deliveries towards the end of 2019.

Early stage investments

XINGSHI WANG

RUNZE CHEN

YI CAO

Growth stage investments

XINGSHI WANG

RUNZE CHEN

YI CAO

ABC FinTech
Founded in July 2016, ABC FinTech is a technology-driven financial science and technology company, headquartered in Beijing, China. The company’s main business is around artificial intelligence and blockchain technologies.

Early stage investments

YIWEN HAO

YI CAO

Mor.ai
Founded in May 2016, Mor.ai is an artificial intelligence company with core cognitive computing and natural language understanding technologies. Mor.ai provides a one-stop “conversation robot” solution of “signal processing + speech recognition + semantic understanding + service automatic docking,” carrying out various services by voice dialogue through deep-docking cloud services and content. The “conversation robot” can enable various devices to interact with people naturally, and build a seamless intelligent machine collaboration network to complete tasks efficiently. In all, the technologies allow the machine to know the world, interact with people, and cohabitate.

Early stage investments

YIWEN HAO

Yihang.ai
Yihang.ai focuses on autonomous driving technologies, providing automakers with high reliability, high quality and cost-effective solutions. It is the first autonomous tech startup in China to receive mass production orders from OEMs. It is also a world industry leader. It is a tier-1 collaborator of sensory chip supplier Mobileye. The Yihang.ai team is proficient in artificial intelligence and in core algorithms, such as machine sensing, decision-making, control, and fault diagnosis. It brings together experts in the automotive industry and artificial intelligence. The team consists of domestic and foreign OEMs, Tier 1 suppliers, and top research institutions at home and abroad, including those educated from UC Berkeley, Cambridge and other reputable schools.

Early stage investments

XINGSHI WANG

YANG LIU

RUNZE CHEN

Global +

Zenjoy
Zenjoy is a mobile internet company focused on the international market. Based in Beijing with subsidiaries in the U.S., Germany, Japan and Hong Kong, it develops casual games, utility apps, trivia live video streaming app, and mobility vehicle sharing products. Its apps have been downloaded over 1 billion times to date, including the Word Connect game which is ranked #1 in the U.S. and many European countries, and Cash Show, which is the first trivia-type life video show in Europe, as well as the top-rated mobility vehicle sharing platform, Wind.

Early stage investments

YI CAO

DI YUAN

BLUE
BLUE is Southeast Asia’s leading digital new retail platform. It has transformed into a full-process digital new retail platform through the offline physical shelf of the intelligent vending machine + online supermarket’s online virtual shelf mode. Currently, it has been able to sell tens of thousands of smart vending machines in Southeast Asia. Covering nearly 10 million users, the order volume per day is close to 1 million, creating a new retail brand of BLUEmart. At the same time, BLUE is the only licensed company with multiple third-party payment licenses in Southeast Asia. It has a variety of capabilities such as acquiring, wallet and payment, and has established a closed-loop BLUEpay payment capability.

Early stage investments

DI YUAN

RiverPay
RiverPay is an integrated payment and marketing platform that connects Chinese consumers with global merchants. RiverPay is authorized for Alipay and WeChat Pay transactions, reaching over hundreds of mainstream social marketing and advertising platforms. RiverPay currently serves merchants across the world with clients including Saks Fifth Avenue, Prada, Tiffany and Co, Dolce & Gabbana, Fairmont Hotels, and many others.

Early stage investments

DI YUAN

KrazyBee
Headquartered in Singapore, KrazyBee is a leading fintech company which aims to solve India’s credit issues for young professionals. The founding team comes with extensive experience both in India and China, and given this backdrop, the company has been awarded the Non-Banking Financial Company (NBFC) license from the Reserved Bank of India. With technology at its core, KrazyBee is dedicated to providing young people in India with access to more convenient and equitable financial services, offering ethical operations and stringent risk-control mechanisms, and improving India’s overall credit system.
Since inception in May 2016, KrazyBee has served over 10 million users with quality financial services over multiple stages of their lives, while also establishing credit awareness. This includes helping students access e-Commerce EMI services, advanced salary services, or enabling young adults to apply for loans for family planning. As KrazyBee continues to strengthen and enhance their risk management forecasts, AI technology, and big data algorithmic capabilities, it aims to diversify its services to financial institutions in future, and ultimately help India establish a more widespread credit economy.

Early stage investments

XINGCHEN ZHANG

YANGJIE SHE

Growth stage investments

XINGCHEN ZHANG

YANGJIE SHE

OPay
OPay is an Africa-focused one-stop mobile platform for payment, transportation, food and grocery delivery, and other daily life services. Incubated by Opera, one of the leading browsers in Africa, users rely on OPay to send and receive money, pay bills, and order food and groceries everyday. Recently, OPay has expanded its ecosystem to new verticals, including the motorbike ridesharing service ORide, and food delivery service OFood.

OPay believes everyone should be able to enjoy modern finance and world economic inclusion, without regard for physical borders, social status, or personal background. With a passionate team, sophisticated mobile platform, and a fast-growing community of users, OPay is making financial services more efficient for Africa.

Early stage investments

DI YUAN

FUQIANG GUAN

YI CAO

Growth stage investments

DI YUAN

FUQIANG GUAN

YI CAO