Source Code Capital announced today that Hongjiang Zhang, former CTO of Microsoft Asia-Pacific R&D Group, former president of Microsoft Asia Engineering Institute, and former CEO of Kingsoft, has joined the firm as a Venture Partner.
Source Code Capital ranked 50th on ChinaVenture's 2016 "China's Top 100 Best Venture Capital Institutions" list and 20th on the "China's Top 50 Best Foreign Venture Capital Institutions" list, and was named one of the top ten best investment institutions in China's tech finance industry for 2016.
On March 28, Yongqianbao announced the completion of its Series C funding round, with Source Code Capital participating as a follow-on investor.
Cijinrong has raised RMB 65 million in its Series A funding round, led by Source Code Capital, with Matrix Partners China and Yunqi Capital — both investors from its angel round — participating. The proceeds will be used primarily for team expansion, employee training, and product and technology refinement.
"New finance" is an even bigger opportunity than social media, search, e-commerce, O2O, and what came before.
Recently, Synced closed its Pre-A funding round, led by ByteDance with participation from Source Code Capital, Xunchan Tou, and 5Y Capital.
Yimi Dida, a well-known domestic logistics network platform, completed its Series A+ funding round today, raising over 100 million yuan.
Source Code Capital was named to the "Top 30 Emerging Investment Firms of 2016" list in Wuzhen.
Yi Cao pointed out that in the future, energy won't be scarce, land won't be scarce, and housing won't be scarce either. What will be truly scarce is good technology, the ability to allocate resources well, and people who continuously strive to create value.
In the 2015 Fintech 100 ranking, Qudian placed fourth; in this year's list, it has broken into the top three.
