Xiang He Capital

Leading Chinese online entertainment service provider (NASDAQ: IQ), founded by Baidu.

Co-investorsHongShan Capital GroupShunwei Capital

Datagrand builds AI products for enterprises using large language models, knowledge graphs, and NLP, including an intelligent document processing platform, a knowledge management system, an AI agent platform, a digital-employee (DG Claw) platform, and a recommendation/marketing platform.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsMount Morning Capital

Wei LIU(Founder)in

Co-investorsGranite Asia

ByteDance builds a portfolio of digital platforms and services focused on short-form video, content creation, e-commerce, and workplace collaboration, serving creators and consumers globally.

Creator EconomyE-commerceMedia & EntertainmentBeijing, CN

Yiming Zhang(Founder)inRubo Liang(Founder; Chairman of the Board)inZhang Yiming(Founder)

Co-investors3Comma CapitalAglae VenturesBase PartnersCoatue ManagementEvolution VC PartnersGaldana Ventures+15 more

DataStory (数说故事) is a Chinese AI technology company that builds data collection, aggregation, and analytics products—including social listening, brand/category analysis, and voice-of-customer platforms powered by its EnlightAI multi-agent system and SocialGPT.

AI & Machine LearningData & InfrastructureMarketing Tech

Co-investorsCathay Capital

Provider of enterprise-grade AI-native multi-agent solutions that deliver an "AI operations team" capable of autonomously driving business growth.

AI & Machine LearningEnterprise SoftwareSaaS

Galy Lee(Founder)

Dustess (尘锋) provides a SCRM and private-domain operations platform built on the WeChat Work (企业微信) ecosystem, including tools for customer service, online storefronts, and growth operations along with AI customer-service agents.

AI & Machine LearningMarketing TechSaaSBeijing, CN

Galaxea AI (星海图) develops robots and a robotics development platform, including its R1 Pro, R1 Lite, and A1Z models and a VLA all-in-one machine, along with documentation and an open-source community for developers.

AI & Machine LearningHardwareRobotics

Provider of intelligent mobile robots and logistics automation solutions for manufacturing, including AMR, AGV, and composite robots.

Co-investorsSoftBank Vision Fund

Huolala (货拉拉) operates an on-demand freight and moving platform that matches users with drivers of vans, box trucks, and flatbed vehicles for cargo transport, moving, errands, and long-distance logistics.

Logistics & Supply ChainMarketplacesMobility & TransportationShenzhen, CN

Co-investors01vcShunwei Capital

Kuan Chen(Founder)in

Co-investorsQiming Venture PartnersInnoangel

Co-investorsCoatue ManagementiQiyiShunwei Capital

迦智科技 (Jiazhi Technology) develops intelligent mobile robots and autonomous forklifts (AGV/AMR) for internal logistics and material handling, offering single-machine, swarm, and whole-site intelligence solutions.

Advanced ManufacturingLogistics & Supply ChainRoboticsHangzhou, CN

Kuaikan Manhua is a Chinese digital comics (manhua/webtoon) platform offering serialized online comics across genres such as romance, fantasy, historical, and campus stories.

ConsumerCreator EconomyMedia & EntertainmentBeijing, CN

Co-investorsCoatue Management

LingXing provides SaaS for cross-border e-commerce sellers, covering inventory and purchasing (with 1688 ordering and restocking suggestions), logistics tracking, financial and profit management, multi-dimensional BI reporting, and advertising campaign management across platforms like Amazon FBA.

E-commerceRetail TechSaaS

Mogulinker (广东蘑菇物联科技有限公司) is a Chinese industrial AI company that builds physical AI control technology and a vertical large language model (灵知AI) for factory energy efficiency and utility/auxiliary power scenarios.

AI & Machine LearningEnergyEnterprise SoftwareGuangzhou, CN

Data-driven intelligent HR SaaS product for enterprises, covering recruitment channels, talent pools and analytics.

Singapore, SG

Orion Zhao(Founder)

Moonshot AI develops large language models for knowledge work and reasoning tasks.

AI & Machine LearningBeijing, CN

Co-investorsCathay InnovationK3 VenturesMonolith Venture Advisory LimitedSource Code Capital

Okawa develops and manufactures mid-drive motor systems for e-bikes, with self-developed torque sensors and controllers.

Next-generation autonomous driving system provider centered on 3D visual understanding with cost-effective stereo vision.

Co-investorsINCE Capital

ROX Motor (ADAMAS) is a Chinese automotive brand that designs and sells all-terrain luxury SUVs with in-car smart technology.

ConsumerHardwareMobility & Transportation

Co-investorsQiming Venture Partners

Sand.ai develops AI video generation models, including Magi-1.1, described as an autoregressive video model, and offers an API platform and tools for creating with its Magi models.

AI & Machine LearningDeep TechMedia & Entertainment

Co-investorsSource Code Capital

SelectDB is a real-time analytics data warehouse engine built on Apache Doris, offering high-concurrency ingestion, sub-second queries, lakehouse analysis over open formats like Hive and Iceberg, and unified structured, log, full-text, and vector data.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSunnyvale, US

Ambrose Niu(Founder)Guolei Yi(Founder)Linjiang Lian(Founder)Yongqiang Yang(Founder)

Yunquna (运去哪) provides international logistics and cross-border e-commerce supply chain services, including ocean, air, and rail freight, trucking, customs clearance, insurance, overseas warehousing, and last-mile fulfillment.

E-commerceLogistics & Supply ChainSaaS

Co-investorsSource Code Capital

Co-investorsCoatue Management

DataCanvas, a leader in China's AI foundational software products and solutions.

DataCanvas (九章云极) is an Asia-based provider of AI infrastructure and intelligent computing cloud services, offering high-performance computing, cloud, and model services for AI training and inference.

AI & Machine LearningCloud ComputingData & Infrastructure

Yunxi, a provider of enterprise digital transformation technology services and full-chain digital growth solutions.

Enterprise-grade digitalization technology provider offering full-link digital growth solutions and products.

AI-based new drug development company using deep learning, genomics and HPC for macromolecular drug R&D platforms.

AI-based new drug development company using deep learning and genomics for macromolecule drug discovery platforms.

Children's growth digital content platform fostering interest and skills in reading, expression and creativity.

Children's digital content growth platform fostering reading, expression, thinking, and creativity through staged content.

Specializes in advanced automotive braking systems including HIB one-box, EPB and disc brakes with full R&D-to-sales capability.

ByteDance, a Chinese tech company applying AI to mobile internet scenarios; products include Toutiao, Douyin and Xigua Video.

Infervision, an AI medical company covering lung, cardiovascular, breast and joint diseases across the medical workflow.

AI medical company covering lung, cardiovascular, breast, and bone diseases, holding CE, PMDA, FDA, and NMPA approvals.

Ishumei, an online business risk-control solution provider offering intelligent business and content risk-control products.

Ishumei (数美科技) provides AI-based online business risk-control solutions, including its Tianjing full-stack content recognition engine for identifying risky text, image, audio, and video content, plus large-model safety, verification, and human-review products.

AI & Machine LearningCybersecuritySaaS

Co-investorsShunwei Capital

Moonshot AI, a Chinese AGI startup that released the Moonshot large model and Kimi AI assistant.

StoneWise, an AI-driven new drug R&D company with an integrated platform for target pockets, molecule generation and virtual screening.

Stonewise develops MolVado, an AI-driven platform for small-molecule drug discovery that uses multimodal 3D molecular generation models to design candidate molecules based on protein pockets, reference fragments, or pharmacophores.

AI & Machine LearningBiotechDeep Tech

Co-investorsLinear Capital

SandStone, a company providing big-data intelligent storage products and distributed storage for the 5G+AIoT era.

Provider of big-data intelligent storage products and solutions for the 5G + AIoT era based on distributed storage technology.

Synyi, an AI company providing digital-intelligence healthcare applications and medical big-data solutions.

Synyi builds AI and large language model tools for hospitals and clinics, including AI-assisted diagnosis and consultation, clinical decision support and quality control, hospital operations management (using DRG/DIP and performance metrics), and clinical research platforms.

AI & Machine LearningDigital HealthHealthtech

Co-investorsZhenFund

Smart-vehicle innovation company enabling intelligent upgrades in new energy powertrains, cockpits and autonomous driving.

Smart vehicle innovation company focused on new-energy powertrains, smart cockpits, and autonomous driving.

Technology-driven smart logistics platform covering freight matching, financial services, and autonomous driving; considered infrastructure for China's trunk-line freight.

Technology-driven logistics platform aiming to build the world's largest smart logistics ecosystem, seen as infrastructure for China's trunk freight capacity.

iQiyi, a Chinese online video streaming platform Xiang He has partnered with since founding.

Industrial and collaborative robotics company.

Co-investorsShenzhen Capital GroupTusStar