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

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

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

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

YQNLink(Early stage)
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

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

Yimidida(Early 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

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

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

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).

Growth stage investments

YI CAO

KAISI CHANG

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

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

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

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

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

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

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

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

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