China Renaissance
华兴资本
China Renaissance is an investment bank founded and led by Bao Fan, with Wang Lixing serving as interim leader. Beyond this basic description, elsewhere's corpus does not contain detailed coverage of the firm's history, scale, or operations.
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Coverage
AI Unicorn Factory
Script, catfish, loop, rainmaker, role model, results.
Before Pop Mart's IPO, an unpublished interview with Wang Ning
Only human nature never changes.
Exclusive | SiliconFlow, the First to Catch DeepSeek's Traffic Wave, Raises Hundreds of Millions in New Funding Led by Alibaba
A series of choices that were at once accidental and inevitable.
Where Are the Bold State Investors?
Breaking Down the Most Active Local State-Owned Capital.
Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
Looking Back at 2023: The World Has Really Changed
These people and events reshaped 2023 — and will shape the years ahead.
The Indefatigable Zheng Xuanle
The Dividend Generation and Those Who Get Their Hands Dirty
It’s not just Taihe Capital that needs a "second founding."
Start over from scratch.
Fan Bao's disappearance is a situation no one wanted to see.
"The Long March has only just begun."
Three Barometers for the Primary Market, for Your Reference
The bilateral order of the primary market is being restructured on both sides.
Robotics, SaaS, and innovative drug sectors close new funding rounds; chips and medical devices unveil major new products | Rongbao · August
Differentiated innovation and global opportunities.
Global E-commerce SaaS Platform Dianxiaomi Raises $110 Million in Series D to Accelerate International Expansion
The platform has served more than 1.5 million users worldwide and processes over RMB 350 billion in annual order transaction volume.
On the first day of August, we spoke with 23 investors about "confidence."
And, what are the things that are hard but right, and what are the things that are hard but wrong.
Buyouts in China: A "Boy Who Cried Wolf" Fable
After so many cycles of euphoria and heartbreak, will Chinese buyouts finally deliver a different ending this time?
5Y News | METiS Pharmaceuticals Closes Two Consecutive Rounds Raising $150 Million Total
Become an industry innovation leader.
Code Engraved | METiS Pharmaceuticals Announces Two Consecutive Rounds totaling $150 Million
The most advanced pipeline programs are expected to begin pivotal clinical trials in 2023.
Global SaaS, New Brands, and Biopharma Companies Close New Funding Rounds | Rongbao · February
The vitality of spring.
Global E-commerce SaaS Platform Dianxiaomi Closes $100 Million Series C, Now Serving Over 1.2 Million Merchants Worldwide
Helping global e-commerce sellers boost efficiency and core competitiveness.
December, Everything Within Reach | 5Y News Monthly
The big news from last month.
Source Code Capital portfolio company Jianhai Technology announced the completion of a 500 million RMB Series B+ funding round, with existing shareholder Source Code Capital continuing to increase its stake.
The "Baike Thousand Courtyards" initiative is about to launch.
Gaorong Monthly · October | Gaorong Ventures Named Among Zero2IPO's Top 10 VC Firms of the Year; Nuro Closes Major Series D Round
Autonomous driving, healthcare, and chip sectors see new funding rounds; Genki Forest unveils "Triple Zero Factory" strategy; Dingdong Maicai stabilizes prices and ensures supply.
5Y News | Corporate Interactive Learning Platform UMU Closes Series C3 Funding Round of Several Hundred Million RMB
Redefining SaaS for the Internet Era.
Privacy-preserving computation and data-circulation leader **Huakong Qingjiao** closes RMB 500 million Series B round
Accelerate the development of data-factor circulation infrastructure.
Jellyfish Intelligence Raises 70 Million Yuan in Series A Led by Source Code Capital
Let everyone enjoy the beauty of design through AI intelligence.
7 Companies Raised Nearly 1.5 Billion Yuan, 4 Valued Above 1 Billion Yuan | FreeS Family Funding News · September
Every step of growth for an innovative company: from 0 to 1, from 1 to 10, and from 10 to 100
Source Code Capital portfolio company METiS Pharmaceuticals announced the completion of angel+ and Pre-A funding rounds totaling over 100 million yuan, with existing investor Source Code Capital continuing to increase its stake.
It was the first to propose building an AI-driven formulation development platform, jointly advancing new formulation drugs to clinical trials.
5Y News|Unknown Closes Tens of Millions of Dollars in Series B+ Funding to Advance Microbiome Drug Clinical Trials
Leading domestic microbiome therapeutics company Unknown has recently completed a tens-of-millions-of-dollars Series B+ funding round, with continued backing from 5Y Capital.
Source Code Capital portfolio company "Wanwudezhi" announced the completion of an $80 million Series C funding round, with existing shareholder Source Code Capital co-leading the round and continuing to increase its stake.
Within a year of launch, the app has amassed over 42 million registered users, with monthly transaction volume exceeding 1 billion RMB.
FreeS Fund Recognized with China Renaissance "2019 Top 10 Best Angel Investment Firms" and Multiple Other Accolades
Do what's right, not what's easy.
Source Code Capital Portfolio Company Baibu, a Textile B2B Platform, Announces $300 Million Series D Funding Round; Source Code Capital Was Sole Investor in Angel Round
The largest single financing round in China's textile and fabric sector to date.
Source Code Capital Portfolio Company Yimi Dida Raises RMB 1.8 Billion in Series D, Existing Shareholder Source Code Capital Continues to Increase Stake
This round set a record for the largest financing in China's less-than-truckload (LTL) express freight industry.
The Fourth Annual Ma Hui Conference Successfully Held, CEOs Gather to Share Entrepreneurship Insights, Four Companies Announce Completed Financing Rounds | Ma Hui Journal · April
**Source Code Capital Newsletter:** Here we record the small steps of progress made by our team members, share the joy of growth, and look forward to an even brighter future.
Yimi Dida Closes Nearly $100 Million Series C Round, Existing Investor Source Code Capital Continues to Increase Stake
"Crowdfunding and crowdsourced logistics"
6 Companies Close Funding Rounds, 2 Make Latest Global Unicorn List | Source Code Capital Monthly · January
【Ma Hui Journal】A place to record the small steps forward, share the joy of growth, and look toward an even brighter future.

































