CassTime
开思
CassTime (开思) is an auto-parts B2B platform that started by connecting parts suppliers with repair shops through its "CassTime Auto Parts" marketplace, then expanded upstream to build "CassTime Distribution" (开思集配), an F2B group-buying platform serving large buyers direct from OEMs, brand owners, and factories — completing two transaction loops by 2022, per a 2023 Source Code Capital update . Source Code Capital has been a repeated backer, co-leading the C1 round and joining subsequent rounds through at least 2023 , with partner Xingshi Wang naming it among his representative industrial-internet bets . The firm raised RMB 200 million in combined D2 and D3 rounds in 2023 .
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MaHui Moment | CassTime, MaHui Member, Raises RMB 200 Million in Series D2 and D3 Rounds
CassTime has built a digital infrastructure that connects the entire industry chain.
Source Code Capital closes fifth RMB fund, raising over 7 billion yuan to back tech innovation and SMEs
Invest early, invest small, invest in tech
Source Code Capital's Xingshi Wang and Yungang Huang Named MVIP Young Investors of the Year and Best Digital Healthcare Investor
MVIP of the Year, Best Investor in Digital Healthcare.
Source Code Capital Closes $1 Billion New Fund Raise
Be the investment firm with the most entrepreneurial spirit
Source Code Capital announced that Xingshi Wang has been appointed as partner.
Focus on long-term B2B investments in industrial internet, automotive and mobility, and other enterprise-facing sectors.
No-code platform QingFlow announces completion of tens of millions of RMB in Series A+ funding; existing investor Source Code Capital continues to increase its stake
Already serving more than 200,000 enterprises, government agencies, and schools across dozens of industries, both at home and abroad.
Source Code Capital portfolio company "MOODY" announced the completion of 380 million yuan in Series B and B+ funding, with existing shareholder Source Code Capital continuing to increase its stake.
Within three months of its founding, the company launched on Tmall and broke RMB 200 million in transaction volume in its first year.
Source Code Capital Portfolio Company Baibu Closes $110 Million Series D+ Round, Source Code Capital Continues to Increase Stake From Angel Round Onward
Its portfolio includes business platforms such as Baibu, Quanbu, and Feisuo Zhizao, forming a vertically integrated digital service platform for the textile and apparel industry.
Galixir, a Source Code Capital portfolio company, raises tens of millions of dollars in funding, with existing investor Source Code Capital continuing to increase its stake
Galixir's technical capabilities are built on sophisticated AI models, enabling end-to-end coverage of drug discovery from hit compounds to preclinical candidates.
Source Code Capital portfolio company Dustess announced the completion of its Series B funding round, with existing shareholder Source Code Capital continuing to increase its stake.
An all-in-one private-domain traffic operations platform that helps enterprises close six major marketing loops and complete their digital transformation.
Let's meet today — I'll be waiting for you at the Shenzhen office!
Source Code Capital's Shenzhen office is now officially open, embedding itself at the cutting edge of South China's tech innovation and riding the new wave of smart manufacturing!
Source Code Capital portfolio company CassTime raises $35M in Series C3 round led by returning shareholder Source Code Capital
One-stop auto aftermarket industrial internet platform & industry solutions.
Source Code Capital Closes RMB 3.8 Billion for Fourth RMB Fund
Late-stage investment, qualitative transformation, organizational capability
Scent fragrance brand "Scentooze" announced the completion of a multimillion-yuan Pre-A funding round, with Source Code Capital as the sole investor.
With nothing more than a single render image, they hit 150,000 yuan in sales, and a presale planned for one month sold out in five days.
Source Code Capital Portfolio Company ZNLH Announces Completion of C1 Round Financing, Source Code Capital Led B Round
ZNLH has maintained stable, scaled profitability for three consecutive years and will seek to go public when the timing is right.
Standard Robots Announces 100 Million Yuan Series B Funding Round, Co-Led by Lightspeed and Source Code Capital
Standard Robots has achieved full coverage of top-tier customers in the 3C industry.
Financial Opportunities in Industrial Internet | Code Brain Issue 13
The industrial internet is entering its "golden age," bringing new opportunities for financial empowerment and entrepreneurship.
Source Code Capital Portfolio Company CassTime Announces $50 Million Series C2 Funding Round, Source Code Capital Co-Led Series C1
The business has expanded to 366 cities nationwide, serving 1.5 million vehicles per month.
Source Code Capital portfolio company YiCan announced the completion of a multi-million-dollar Pre-A funding round, with existing investor Source Code Capital continuing to increase its stake.
The company serves nearly 1,000 clients, with 70% being post-Series A companies or those generating annual revenue exceeding RMB 20 million.
Forbes Releases Major Rankings, Source Code Capital's Yi Cao and Yungang Huang Make the List
Create lasting, real value.
Code Brain "Standing Together Against COVID-19" Series Session 7: Sales Team Management During Extraordinary Times
**Speaker:** Jiawei Gan, Operating Partner at Hillhouse, former COO of Meituan
Standing Together to Weather the Storm — Source Code Capital and Code Club Members Rush Aid to Wuhan's COVID-19 Fight
"Isolate the virus, but never isolate love."
Online Cereal Brand WANGBAOBAO Closes Series A Led by Source Code Capital and Vertex Ventures China
This year at the Tmall Double 11 Shopping Festival, WANGBAOBAO took the top spot among cereal brands on Tmall, with annual sales up more than 20x.
Source Code Capital-Backed Space Transportation Raises Nearly 100 Million Yuan in Pre-A Round, Source Code Capital Was Sole Angel Investor
In just one year since its founding, the company has successfully completed two suborbital rocket flight tests, laying the groundwork for the future development of launch vehicles, high-speed transport, and space tourism.
Xingshi Wang, Source Code Capital: Industrial Internet Innovation Through the Lens of Organizational Capability
Source Code Capital remains committed to creating lasting, tangible value, focusing on the challenges and uncertainties that member companies face as they scale from 1 to 100. And organizational capability building is one of the most critical factors determining whether a growth-stage industrial internet entrepreneur can achieve iterative expansion.
Where Are the Boundaries of Industrial Internet? | Source Code Capital 2019
"Knowledge Capital, Deep Practice" — at Source Code Capital's 2019 Ma Hui annual conference, the founders and CEOs of Xiaoyaoyao, Yijiupi, ZNLH, and YQN Logistics were invited to explore the boundaries and breakthroughs of industrial internet.
