Huishoubao
回收宝
Huishoubao (回收宝) is a Chinese second-hand electronics recycling and trade-in platform that was an early portfolio company of Source Code Capital. The firm led Huishoubao's Series A round and subsequently led its Series B, which was described at the time as the largest B-round in the industry at RMB 300 million . Source Code Capital continued to back the company across multiple funding rounds through at least 2020, listing it among its member companies alongside ByteDance, Meituan, and Li Auto .
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Coverage
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 announced that Wei Wang has officially joined as a partner.
After joining, Wang Wei will support Source Code Capital's portfolio companies on capital markets matters, drawing on his years of experience to empower companies with capital markets development needs.
Source Code Capital Closes RMB 3.8 Billion for Fourth RMB Fund
Late-stage investment, qualitative transformation, organizational capability
Source Code Capital Wins Multiple Awards in Zero2IPO's 2020 China Equity Investment Annual Rankings
Create Lasting, Real Value
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.
Source Code Capital Closes $570 Million New Fund
Create lasting, real value
Yi Cao of Source Code Capital Named to 2019 Forbes Midas List
Create Lasting, Real Value
Equity services platform YiCan announced it has raised several million dollars in an angel round from Source Code Capital.
"Tech + Consulting" Dual-Driven
Source Code Capital Wins Five Awards Including Zero2IPO's 2018 Top 50 China VC Firms
Create Lasting, Real Value
Source Code Capital and Portfolio Companies Win Multiple Awards at 36Kr's 2018 "King of New Economy"
The King of the New Economy — let us see the future.
Niu Technologies IPO Lands on Nasdaq; 3 Companies Close Funding Rounds; Code Brain Issue 8 Mines India | Code Brain Newsletter · October
【Source Code Capital Newsletter】Here we record the small steps forward taken by our team members, share the joy of growth, and look forward to an even brighter future.
Meituan IPO on Hong Kong Exchanges and Clearing Limited; 4 Companies Complete Funding Rounds; 8 Companies Win 12 Awards | Source Code Capital Monthly · September
**Source Code Capital Chronicles** — recording our teammates' step-by-step progress, sharing the joy of growth, and looking toward an even brighter future.
4 Companies Close Funding Rounds, 7 Firms Undergo Strategic Upgrades: Code Brain Issue 7 Breaks Down WeChat Ecosystem and Mini Program User Acquisition | CodeHui Journal · August
【Ma Hui Journal】A place to record the small steps forward of our community members, share the joy of growth, and look toward an even brighter future.
SaaS Business Fundamentals and Value-Add Criteria | Source Code Capital Internal Reference
Bonus Points Beyond the Three Core Business Metrics and Operating Data
Meituan Files for IPO, Three Companies Close Funding Rounds, Code Brain's Sixth Session Visits ByteDance | Ma Hui Journal · June
【Source Code Capital Chronicle】A place to record our teammates' small steps forward, share the joy of growth, and look toward an even brighter future.
Source Code Capital and Its Portfolio Companies Win 11 ChinaVenture 2017 Annual Awards
Create Lasting, Real Value
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.
Asset360 Closes New Funding Round; Existing Investor Source Code Capital Continues to Increase Stake
End-to-end, one-stop services covering the full lending lifecycle — from pre-loan origination and mid-loan management through post-loan collection and resolution.
Hai Feng Education Raises Tens of Millions of Dollars in Series C Funding from TAL Education Group and Source Code Capital
Following its Series B round in July 2017, this marks the second round of funding Hai Feng Education secured within six months.
Source Code Capital 2017: The Year of Establishing Our Footing
Never Settle
ByteDance Named World's Strongest AI Startup by CB Insights, Six Companies Announce Business Upgrades | Source Code Capital Briefing · December
【Source Code Capital Journal】Here we record our teammates' step-by-step progress, share the joy of growth, and look forward to an even brighter future.
3 Companies Secure Additional Funding, 1 Lists on NYSE, 6 B2B Firms Win Multiple Awards | Source Code Capital Monthly · October
**Ma Hui Journal:** A place to record the small steps forward of our community members, share in the joy of growth, and look toward an even brighter future.
Zhangshang Fucai Raises RMB 20 Million Angel Round from Source Code Capital and Buhuo Ventures
Zhangshang Fucai is, in simple terms, the JD.com of the renovation materials space.
Source Code Capital Portfolio Company Qudian Successfully Lists on the New York Stock Exchange | Live Photo Report
China's leading fintech company Qudian Inc. (NYSE: QD) listed on the New York Stock Exchange in the United States.
Four Global Unicorns Make the List, One Files for IPO, Two Raise New Funding | Ma Hui Monthly · September
**Source Code Capital Chronicle** — documenting the small steps of progress among our community, sharing the joy of growth, and looking forward to an even brighter future.
