Alpha Startups
阿尔法公社
Alpha Startups (阿尔法公社) is a Chinese venture fund where Liu Gang (刘罡) serves . In elsewhere's own reporting, Liu Gang is identified with the fund's handle "@阿尔法公社" . The fund appears as a co-investor alongside established names: it joined a $50 million Series B for Whale in 2021 alongside Temasek, NIO Capital and Linear Capital , and was listed among the financial investors in Luminous Sail Tech's 130 million RMB raise in 2025 alongside CDH Investments and Tsinghua-linked Inno Angel . Elsewhere's corpus does not contain details on the fund's founding date, AUM or specific investment thesis beyond these deal appearances.
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Coverage
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Reject grandiose startup narratives.
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The age of warring gods is back.
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Deciding is easy. Waiting is hard.
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A note on two investor gatherings held in September, 3,600 kilometers apart.
Source Code Capital portfolio company Whale announced the completion of a $50 million Series B funding round. Source Code Capital led the company's Series A round.
Accelerating the digital transformation of future-facing consumer brands across omnichannel marketing.
