Meituan-Dianping
Meituan-Dianping (3690.HK) 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 (NASDAQ: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

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

Li Auto
Founded in 2015, Li Auto (NASDAQ:LI) 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.
ONE, the company’s first smart electric car, is designed as a medium and large luxury SUV addressing family travel, and can sit 6-7 people. ONE uses an extended range electric solution with a combined NEDC range of 800+ kilometers. It is fully equipped with its four-screen smart interaction and Driving Assistance System, which bring a more intelligent, safe, and convenient driving experience.

Headquartered in Beijing, Li Auto has a self-built manufacture base in Changzhou. It is fully equipped with an integrated research and innovation center, test center, and sales/service network, and aims to provide customers with best-in-class driving experience, vehicle delivery, and maintenance service.

Early stage investments

XINGSHI WANG

RUNZE CHEN

YI CAO

Growth stage investments

XINGSHI WANG

RUNZE CHEN

YI CAO

Yimidida(Growth stage)
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

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

WEIEASE TECH
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

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

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 over 300 cities nationwide, 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 the 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 other logistic services.

Growth stage investments

XINGSHI WANG

RUNZE CHEN

Keenon
Established in 2010, Keenon focuses on the innovation and manufacturing of unmanned robots for indoor use. Keenon has strong core competitiveness in the autonomous positioning and navigation of robots, as well as core sensors. Currently, the main products are Keenon’s indoor unmanned delivery robots, which are mainly used for scenarios such as restaurant delivery, hotel service, medical supplies delivery, and express and takeaway delivery, among others.

Growth stage investments

YIWEN HAO

RUNZE CHEN