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

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

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

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

Cha Yan Yue Se
Cha Yan Yue Se (Modern China Tea Shop) was founded in 2013 in Changsha, Hunan. It is a well-known brand of handcrafted milk tea, delivered in an contemporary style that incorporates attractive elements from both Chinese and Western tea culture. The company integrates R&D, production and sales, and its visually appealing colors and flavors of milk tea offers a refreshing and affordable high-quality leisure experience. This unique "New Chinese-style Fresh Tea" market segment not only brings customers a cup of fresh tea, but also a taste of the beauty of China.

Growth stage investments

KAISI CHANG

JIHONG ZHANG

Narwal
Founded in 2016, Narwal (Yunjing Intelligence Technology) is an innovative company in the field of AI robotics. It is dedicated to developing humanized, one-click intelligent robots that provide household cleaning services with multiple functionalities. Narwal has developed the world’s first automatic intelligent mopping robot J1, which was rated one of the best products of CES2019. It has also been awarded the European PlusX Award, the Edison Prize for Invention Award, the EIA Gold Award, the CES Innovation Award, the German Red Dot Design Award and the German Innovation Award. In addition to a winning product, the company has comprehensive "full-stack" capabilities across production and sales, supply chain, R&D, quality control, branding and organization management.

Early stage investments

KAISI CHANG

TONG XIANG

JIHONG ZHANG

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

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

Ke Holding Inc.
Ke Holding Inc. (NYSE: BEKE) was established in April 2018. Positioned as a premium housing service platform powered by technology, Ke Holding Inc. (NYSE: BEKE) 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 Holding Inc. (NYSE: BEKE) has carved out a landscape of premium housing services. It propels the continued growth of the business, and provides customers with all-around services in second-hand housing and brand new properties transactions, rentals, decoration and other community services.

Growth stage investments

YI CAO

KAISI CHANG

JIHONG ZHANG

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

Wangbaobao
Wangbaobao is committed to providing delicious, healthy and low-calorie cereals for the modern day consumer. Through multi-level innovations across product, category, and marketing, Wangbaobao developed and produces its own brand of oatmeal, granola, and cornflakes, suited for the Chinese market. The emphasis on taste and nutrition, along with a strong visual and easy-to-use packaging, appeals to consumers who enjoy a convenient and healthy lifestyle. Through its innovative approach, Wangbaobao redefines the perception and imagination of cereal, raising awareness and interest in health foods among young consumers across the nation.

Early stage investments

JIHONG ZHANG

KAISI CHANG