Coatue
Coatue is a global investment fund with a notable presence in Chinese consumer brands and cross-border tech deals. In the new-style tea sector, it has accumulated positions in three major chains: Heytea, Guming, and Ba Wang Cha Ji . It also joined SHEIN's funding round at a valuation below $70 billion in 2023 alongside Sequoia China, Tiger Global, Mubadala, and others . Beyond China, Coatue has been active in India—it co-led CRED's $215 million Series D in 2021 with Falcon Edge Capital and participated in its later Series E at over $4 billion valuation . Other China deals include co-leading Dingdong Maicai's $700 million Series D with DST Global in 2021 and backing YQN Logistics in earlier rounds . The fund operates as a dollar-denominated player navigating both consumer and tech infrastructure opportunities across markets.
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Coverage
Three "Tech Guys" Valentine's Day Gift: Early-Stage Portfolio Company Manycore Tech Completes Filing for Hong Kong IPO | Yunqi Capital
Race to become the "first global spatial intelligence stock"
5Y View | Bill Gurley: How the AI Wave Is Reshaping the Structure of Primary Markets
The AI wave interrupted a market correction that should have happened, and China's cutthroat competitive environment will actually forge stronger companies.
The Only Funding Round Mixue Bingcheng Ever Took: The Fortune of Being Chosen
"Different Money"
Chinese Investors Who Got to Mexico First | Dark Tide Goes Global
There will always be more people rushing in to take their place.
We invested in large language models, AI applications, and embodied intelligence, but BlueRun Ventures still feels it hasn't FOMO'd hard enough.
The more optimistic doers.
Coatue's Take on 2024: No AI Bubble, and US VC Exits Are Struggling Too
A tale of two extremes.
OpenAI Releases GPT-4o mini: Faster and Cheaper
Speed is justice.
Exclusive | Actually, DST Bought Xiaohongshu Secondary Shares
Mega funds still making deals.
Huang Songyan, Linear Capital: I've Moved to Munich, Hunting for Deals Across Europe
Fresh opportunities are surfacing.
A Foreign PE Firm's Thirtieth Birthday Party
"Writing a New Chapter, Setting Sail for Distant Horizons"
Code Brain | Top 10 AI Predictions for 2024
Heading into 2024: How We Think About AI Startup Investing | FreeS Fund Year-End Special
From 2023 to 2024: AI's Advances, Challenges, and New Opportunities
Trekking to Riyadh
Opportunity, wealth, and a surging tide of people.
Exclusive | Coatue Invested in Ba Wang Cha Ji — Can Dollar Funds Still Go Another 15 Years?
The Current Survival Reality of USD Funds.
Why does KKR keep emphasizing "keep it simple"?
The truly valuable investment opportunities in the AI wave are the "non-tech" plays.
Coatue's 2023 in Detail: Half Sea Water, Half Flame
Could AI become the lifeline of the economy over the next decade?
Exclusive | The General-Purpose LLM Startup Wave: The First Battle Is About to End
Contestants, take your positions.
Silicon Valley Bank, a fixture in venture capital for four decades, couldn't survive 40 hours of market panic.
China's venture capital world had a night of shock and panic.
Exclusive | SHEIN Nears Completion of New Funding Round at Valuation Below $70 Billion
A future showdown between SHEIN and Temu is inevitable.
Code Moment | Js.Design Announces Tens of Millions of Dollars in Series B+ Funding, Existing Shareholder Source Code Capital Follows On
Co-defining China's design tools with Chinese designers
Standing Firm in European Venture Capital Amid the Sound of Gunfire
This is more than a gold rush — it's a shift in the underlying logic of the global venture capital story.
2022, the Door Opens to the Future | 5Y News Monthly
The big news from last month.
5Y News | Indian Fintech CRED Closes Series E at Valuation Over $4 Billion
Its valuation nearly doubled in six months.
5Y News | After Raising Hundreds of Millions in Three Consecutive Rounds, "Yahaha" to Build Real-Time Digital Entertainment UGC Platform
A no-code, multiplayer interactive entertainment creation platform for global users.
Rongbao · May | Pinduoduo Enters the Era of 800 Million Users, Waterdrop Inc. Debuts on the NYSE
Meeting the needs of China's vast user base for a better life.
Source Code Capital portfolio company YQN Logistics announces completion of $100 million Series D1 funding round, with existing shareholder Source Code Capital continuing to increase its stake
After six years of rapid growth, the platform now serves approximately 20,000 enterprise clients, with projected shipping volume expected to reach 700,000 TEUs in 2021.
Dingdong Maicai Completes $1.03 Billion in Series D and D+ Funding Rounds
Make good ingredients as accessible as tap water — within everyone's reach, for the benefit of all.
Rongbao · April | Solid-state LiDAR leader Innoviz goes public; Genki Forest and Dingdong Maicai close new funding rounds
Major Events in April
The Best Is Always Ahead | 5Y News Monthly
Happy Labor Day!
5Y News | Indian Membership-Based Fintech and E-Commerce Platform CRED Raises $215 Million at $2.2 Billion Valuation
Another unicorn emerges in the Indian market.
5Y News | PingCAP Closes $270 Million Series D, Setting a New Global Database Milestone
We believe this round of funding is only the beginning of our global expansion — a small step toward the future. The $100 billion global database market is our true north.
Source Code Capital portfolio company YQN Logistics announced the completion of a $70 million Series C funding round, with existing shareholder Source Code Capital continuing to increase its stake.
It has served more than 10,000 enterprises to date, with over 150,000 freight rates across all shipping routes on the platform. The platform's 2019 cargo volume is projected to reach 300,000 TEU.
Two Portfolio Companies Close Funding Rounds, Four Achieve Strategic Upgrades, and Two Rank First on Global Top Lists | Source Code Capital Community · February
"Ma Hui Notes" chronicles the small steps forward of our community members, shares in the joy of their growth, and looks toward an even brighter future.
