IDG Capital
IDG 资本
IDG Capital is a venture capital fund whose portfolio, as elsewhere's corpus records it, includes Luckin Coffee, Insta360, SHEIN, and MiniMax; it also led Heytea's funding round and is a major shareholder of Bilibili . Named investors on the team include Meng Lian and partner Xiaojun Li .
That's the extent of the direct coverage — elsewhere's corpus doesn't carry fuller material on IDG Capital's founding, fund size, or strategy, so a deeper profile isn't something we can source here.
AI-generated — may contain errors, please verify.
Coverage
Weibang Zhendian Closes Nearly RMB 100 Million Series B Led by Dalton Venture to Advance Commercialization in Industrial Inspection, Clinical, and AI for Science | Dalton Venture News
Recently, **Zhejiang Weibang Zhendian Optoelectronic Technology Co., Ltd. (hereinafter: Weibang Zhendian) completed a nearly RMB 100 million Series B round, led by Dalton Venture with participation from IDG Capital**. The funds will primarily be used to advance the commercialization of its products in industrial inspection, clinical applications, AI for Science, and other fields. Prior to this, Weibang Zhendian had completed two funding rounds, with investors including Tao Capital, FreeS Fund, Founder Hesheng, Naton Capital, and SND Group.
Zixun Technology Completes Pre-IPO Funding Round, Accelerating Development of E-Commerce AI Application Platform LinkFox
Ranked first in China's e-commerce security operations product market
PHYMI Closes Nearly $100 Million Seed Round to Bring Physical Agents into Open, Dynamic Real-World Environments | Yunqi Partners
Building a Physical Agent for the Open, Dynamic, Real World
Gaorong Ventures Report: Physical AI, Domestic Computing Power, Controllable Nuclear Fusion, and Medical Innovation Companies Close Major Funding Rounds
From the continuous leap in model capabilities to hard tech crossing the thresholds of engineering and industrialization, a new wave of technological innovation is accelerating toward the real world.
The Full Story of Alibaba's Investment in Moonshot AI
Game Changer.
SHEIN's Fundraising History
Tales from China's Investment Past: ______.
An American Engineer's 11 Days in China
China in 2036 will look very different from 2026.
Xpeng Motors' robotics unit raises over $900 million in first funding round, leading scaled production and application of physical AI
Accelerate the mass production of Xpeng Motors IRON and the R&D iteration of Xpeng's physical AI model, pushing advanced humanoid robots toward a new stage of global commercial application.
Post-90s Quantum Computing Team "Vector Singularity" Raises Over 100 Million Yuan in Angel Round | 5Y News
The funds raised will be used for R&D of the first-generation neutral-atom general-purpose quantum computer.
When the pure-hearted are lonely, they create a world of their own.
Hear your own voice.
Meshy Closes Nearly $400 Million Series B, Source Code Capital Continues to Double Down
Source Code Capital led the company's Series A round in 2021, and continued to increase its investment in subsequent rounds, providing long-term support for the company's growth.
LimX Dynamics Closes Pre-IPO Round, Raising $400 Million in Six Months | Oasis Capital Vitality
Building the Ecosystem to Accelerate Scaled Development in the Physical AI Era
From Medallion to AI-Native Asset Management: GIM Closes Three Funding Rounds
Will a Century-Old Asset Management Industry Be Rewritten by AI?
5Y News | AI-Native Investment Management Firm GIM Closes Tens of Millions of Dollars in Series A Funding
Model capabilities, agent capabilities, and closed-loop research capabilities.
Code Moment | Independent Variable Robotics Closes Four Consecutive Funding Rounds, Valuation Exceeds 20 Billion Yuan
Source Code Capital participated in SelfVariable's Series C round, another key move in its Embodied Artificial Intelligence ecosystem map.
Independent Variable Robotics Closes Four Rounds in Two Months, Valuation Tops 20 Billion Yuan | Unity Ventures Portfolio News
Its investors span China's four major internet giants, corporate strategic investors, state-backed funds, and top-tier VC firms.
5Y News | Archon Robotics Closes Nine-Figure RMB Seed Round
What Should Robots Learn from Humans?
ZhenFund angel project "YuanCe Future" (源策未来) has raised hundreds of millions of RMB in its Series A funding round, aiming to build the OpenAI of the humanoid robot era.
A University of Hong Kong professor has founded a startup to build a general-purpose, full-body embodied intelligence brain.
"YuanCe Future" Secures Hundreds of Millions in Series A Funding, Targeting Embodied Intelligence to Build the OpenAI of Humanoid Robots
Building a world-leading general-purpose full-body embodied brain.
Go invest in games, like you've never been hurt before.
Playing the game of life.
Liblib, what's your dream?
Here's to hoping we can keep winning.
MaHui | Sand.ai Raises Over $100M Across Two Rounds, Existing Investor Source Code Capital Continues to Increase Stake
Source Code Capital led the seed round of Sand.ai in 2024 and was one of the company's earliest institutional investors.
The DeepSeek Financing Story
"The world was always meant to be this way."
Yunqi Capital Joins Taiyi Liangsheng's 300 Million Yuan Pre-A Round, Neutral-Atom Quantum Computing Enters Acceleration Phase | Yunqi Partners
Accelerating into the Fast Lane of Neutral-Atom Quantum Computing
Neutral-atom quantum computing company Taiyi Liangsheng has raised 300 million yuan in a Pre-A funding round, co-led by Gaorong Ventures.
The first domestic company focused on building complete ytterbium-atom neutral-atom quantum computers.
MaHui Entrepreneurs | Booster Robotics' Cheng Hao: Not Chasing Trends, Just Building an Embodied AI Company That's "Still Here in Ten Years"
Qiming View | William Hu: Globalization of China's Healthcare Innovation Just Beginning, Will Be Investment Theme for Next 10-20 Years
China's healthcare innovation globalization has only just begun, and it will remain a sustained investment theme for the next 10-20 years.
The Unforgettable Series C Funding of Moonshot AI
A stroke of genius.
Jinghe Biotech Closes Nearly RMB 400 Million Series B Round, Continues to Lead Domestic Targeted Radiopharmaceutical Innovation
Patient-centered, relentlessly refined.
"You've got a shovel that can dig up gold — you're definitely not lending it out first" | A Conversation with Kaiwuji's Lu Ziheng: Using AI to Invent New Materials
As long as you're still stirring things up, there's still hope.
Who's the World's Top FA? Not Fan Bao
"Not Fan Bao" April 27, 2026 Qiu Mu *Burying AI* If you clicked on this headline, you probably already know the answer. Allow me to formally introduce — the unicorn factory that hit a $1.3 billion valuation before its product even officially launched, the King Maker holding several "AI Douyins" and world-model projects, the benefactor of Lovart's Melvin Chen on his road to success, the Farsighted Capital that uses Wu Ma as its own Dou+. As the most accomplished player in the current meta of China's venture capital market...
Source Code Capital | "Zhide New Energy" Closes Hundreds of Millions of RMB in Funding; Existing Shareholder Source Code Capital Continues to Double Down
Source Code Capital participated in J&T Global Express's Series C funding round in 2022.
Zero real-world training data, nearly 100% success rate! Sudu Tech debuts self-developed system #Sudo R1 | Oasis Vitality
Unlocking a New Paradigm in Embodied Artificial Intelligence
$2 Billion Startup SurgeTech's Debut in Embodied AI Is a Blockbuster: Zero Real-World Data, Zero-Shot, 98% First-Attempt Grasp Success Rate | BlueRun Ventures Family Headlines
Sudo Tech's Embodied Model #Sudo R1 Makes Its Debut
"You wouldn't lend out a shovel that can dig up gold" | A Conversation with Lu Ziheng of Kaiwu Ji: Using AI to Invent New Materials
Booster Robotics Closes New Funding Round, Existing Investor Source Code Capital Continues to Increase Stake
Source Code Capital was the lead investor in J&T Global Express's Pre-A round and continued to increase its stake in subsequent funding rounds.
Yunqi Capital Portfolio Company Manycore Tech Lists on Hong Kong Stock Exchange: From First Institutional Investment to the IPO Bell
13 Years Alongside a Peer, Witnessing the Birth of "The World's First Spatial Intelligence Stock"
IDG Li Xiaojun's 52 Latest Aphorisms
Slow down, and think.
Source Code Snapshot | "Oak Deer Robotics" Closes 300 Million Yuan Funding Round, Source Code Capital Sole Angel Investor
AI Cooking Robots Enter New Phase of Scaled Deployment
16 Companies Making Agents More Useful Are Raising Funding
Product-Agent Fit
AI Unicorn Factory
Script, catfish, loop, rainmaker, role model, results.
After 13 Years, Manycore Tech Clears Hong Kong Stock Exchange Listing Hearing | Qixing Chronicles
Set to become the "world's first publicly traded spatial intelligence company"
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"
The Fundraising Stories of China's "Six Little Tigers": Six Paths, Six Lives
If Kimi ever goes public, will the bell-ringing photo look very different?
MiniMax Goes Public: The $1.5 Billion Fundraising Blitz, 15 Reasons Investors Bet on It, and How Long Each One Lasts
One Year in AI, Five Years on Earth
PhotonPay Secures Tens of Millions of Dollars in Series B Funding Led by IDG Capital
What Will the Next-Generation Value Network Look Like?
January, Emergence, and Prologue | 5Y News Monthly
The big news from last month.
Rongbao | Biren Technology and Seyond list successfully in Hong Kong, Moonshot AI completes major funding round
A new chapter begins.
Moving Forward Together! Chen Yu Promoted to Managing Partner at Yunqi Capital | Yunqi Team
Marching forward side by side, continuing to rise.
5Y News|Moonshot AI Closes $500 Million Series C Round, Aims to Become a World-Leading AGI Company
Moonshot AI will become an LLM that is "distinctive" and "undefinable."
Qiming Venture Partners' Alex Zhou: From Founding Investor to IPO Cornerstone, Firmly Believing in Biren Technology's Ability to Navigate Long Cycles
"We won't invest too early before the wave arrives, nor will we follow the crowd once the wave has fully formed. We aim to seize the moment — that 'half-step' just before the big wave hits — to find and back the most promising teams."
MaHui | MaHui Member Moonshot AI Closes $500 Million Series C, Aims to Become a World-Leading AGI Company
Source Code Capital was an early, long-standing shareholder in Moonshot AI.
Moonshot AI Completes $500 Million New Funding Round, Zhilin Yang: Kimi Will Become a Distinctive LLM
"Become the world's leading AGI company."
Sp.01 | Debriefing China's Primary Market in 2025 (Ft. Crossroads)
Valued at $70 Million: ZhenFund and IDG Bet on Another Path for AI Companionship
Not just AI boyfriends.
Li Xiaojun: 52 Annual Reflections Saved on My Phone | End of 2025
Train its own model.
Innovation Often Happens Where No One Has Gone Before | 5Y News Monthly
The big news from last month.
I think the sun will shine bright tomorrow morning | Opening Remarks
Maybe wrong, always fun.
Hypershell Raises $70 Million, Oasis Capital Increases Its Stake | Oasis Vitality
Counselor Vitality / Counselor on Vitality (Note: This appears to be a title or heading without surrounding context. "参赞" can mean "counselor/advisor" or "to participate in and assist," while "生命力" means "vitality/life force." The interpretation depends on context — it could be a role title like "Counselor on Vitality," a section header like "The Vitality of Counselors," or a verb phrase like "Contributing to Vitality." Additional context would help determine the precise rendering.)
5Y News|Hypershell Raises $70 Million in Pre-B and Series B Funding
Leading the Consumer Exoskeleton Into a New Era
Hypershell Raises $70 Million Across Two Funding Rounds
Empower people to act, and expand the horizons of their world.
Gambo says it wants to build the best game engine, and a community too | Sketch
Creativity comes from players.
Hypershell Closes Two Rounds Totaling $70 Million in Funding
Toward a Future Where Everyone Is "Iron Man"?
What Did He See? | A Conversation with Zhang Fan: Former COO of Zhipu AI, Founder/CEO of Yoolee AI — Why He's Convinced AI's Opportunity Lies in ToB
"Treat AI as a person.
After Leaving TikTok, He Built a Viral Video Cloning Agent — NemoVideo Raises Nearly $10 Million from IDG and Jinqiu
The core is the productivity community.
Behind Luckin Coffee's "Coming Ashore": IDG's Gamble and New Faces
New consumption, new investment, new narratives.
MaHui Spotlight | Booster Robotics, a MaHui member humanoid robotics company, closes new funding round with existing investor Source Code Capital increasing its stake
Continue strengthening mass-production and delivery capabilities
Beware of Fake VC Scams
"Private funds raise capital only from specific qualified investors who meet certain criteria." Qiming Venture Partners reminds all investors and entrepreneurs to stay vigilant, verify authenticity, and avoid financial losses.
Managing $7 billion in annual ad spend, the person who understands global traffic better than anyone just built an AI agent
What happens when we treat data as a living organism?
Lxson Completes 200 Million Yuan Angel++ Round, Focusing on Consumer Embodied Intelligence Product Development | Oasis Capital
Counselor on Vitality
Lxson Completes 200 Million Yuan Angel++ Round, Continues Focus on Consumer-Grade Embodied Intelligence Product Development
Accelerating the Mass-Market Scale-Up of Consumer Embodied AI Products
ZhenFund angel project LeXiang Technology announced the completion of a 200 million yuan angel++ round, continuing to focus on consumer-grade embodied intelligence product R&D
This funding round aims to accelerate the scaled deployment of consumer-grade embodied-intelligence products.
The AI Investment Mid-Game: Talent Wars, Faith Divides, and Super Opportunities
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Trying, Listening to Your Inner Voice, Building Irreplaceability — Talking Opportunities and Choices in the AI Era with Four Gen Z Young People
No one can become someone else; they can only become themselves.
Trying, Listening to Your Inner Voice, Building Your Irreplaceability — Four Gen Zers on Opportunities and Choices in the AI Era
Head AI reminds me of Miraculous Department Store.
"Swallows return to familiar haunts" — or more fully, "Swallows return, as if from times gone by." This is a line from the Song dynasty poet Yan Shu's *Washing Creek Sand* (*浣溪沙*), expressing a bittersweet sense of recognition and the cyclical return of things past, tinged with the melancholy that what returns is never quite the same.
Manycore Tech's Huang Xiaohuang: The "Hammer" and the "Stars" of 14 Years Building a Company | Yunqi Capital Doers
From GPU Rendering to Spatial Intelligence
IDG Bets on Liu Jingkang: A Victory for Doubling Down on Young Founders
The company turned ten this year; its VC backers have been along for the ride for twelve.
Yunqi Capital Quarterly | Spring Winds Ask Nothing of the Traveler; We Chart Our Own Course
A Closer Look at Yunqi Capital's Recent Moves
On a Winter Night for Game Investment, Shen Li Wants to Build a NExT 2.0 | Entering the Arena
A new adventure.
The Clear Path, Hidden Path, and Rocky Path of AI Fundraising
Where does the money come from?
Yunqi Capital Portfolio Company Zhaogang Group Successfully Lists on Hong Kong Stock Exchange | Yunqi Capital
On March 10, **Zhaogang Group**, a Yunqi Capital portfolio company and operator of China's largest steel e-commerce platform, officially began trading on the Main Board of the Hong Kong Stock Exchange under **ticker symbol 06676**, marking Hong Kong's second-ever De-SPAC transaction.
The Only Funding Round Mixue Bingcheng Ever Took: The Fortune of Being Chosen
"Different Money"
From Selling Robot Vacuums to Billions, a Post-'95 Entrepreneur Enters the AI Hardware Race | Z Talk
"Being number one" is the most efficient management tool.
Renjie Guo's AI Hardware Startup Lxson Closes Nearly RMB 200 Million Angel Round | Oasis Capital
Counselor Vitality / Counselor on Vitality (Note: "参赞生命力" appears to be a title or phrase without surrounding context. "参赞" can mean "counselor/advisor" (a diplomatic title) or "to participate in and assist." "生命力" means "vitality" or "life force." If this is a book title or article heading, it could be rendered as *Counseling Vitality* or *On Vitality* depending on the author's intent. Additional context would help determine the best translation.)
Lxson Raises Nearly RMB 200 Million in Angel Round, Co-Invested by Monolith
Embrace the best technology and the best partners
2024, When Everyone Stands at a Crossroads: 96 Investors' Decisions
Deciding is easy. Waiting is hard.
Pony.ai's Funding Story: Daydreams in a Winter Storm
The final exam is approaching.
MaKe | MaHui Member Galaxy Universal Completes 500 Million RMB Strategic Funding Round
Galaxy Universal Raises 500 Million Yuan in Strategic Funding Round | BlueRun Ventures Headlines
Embodied Intelligence Powers a New Future for General-Purpose Robotics
A VC Leads the Way Out of the Quadrant | BlueRun Ventures Perspective
Catching the Next Big Thing in Tech's Sea Change
The VC 2.0 generation celebrated its tenth birthday in early autumn.
What about the next decade?
MaKe | MaHui Member Galaxy Universal Raises 700 Million RMB in Angel Round
A VC Lesson from Tian Xuan
Thirty years, a journey of departures and returns.
Minimax's Yan Junjie in Conversation with Huang Mingming: AGI, There's Only One Path — the Hardest One
A Conversation on Non-Consensus and Long-Term Optimal Solutions
China's LLM Funding War: The Quick Death of Romance
Do the investors regret it?
Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
Money, Contradictions, and ESG
*Who Cares Wins*
Tang Xiaoou and His Unfinished AI Puzzle
The Unfulfilled Ambitions of a 55-Year-Old Scientist
The Investor Who Made the Most Money Off Pinduoduo
"Though millions may oppose me, I will go."
DPI > 1 — it's a magic spell.
Before taking responsibility for a new world, GPs must first answer to their LPs.
Southeast Asia Investment Finally Has a Success Story
A Resolute Choice
5Y News | GravityXR Closes Hundreds of Millions of RMB in Series A Funding to Advance Dedicated Chip for "XR Spatial Computing"
Create a brand-new world that blends the virtual and the real.
GravityXR has completed a Series A financing round of several hundred million RMB, led by Lisi Capital.
A Complete Transformation of Future Human-Computer Interaction
AGI in Practice: Summer Results, Diverse Ecosystems, and Frontier Insights | Yunqi Capital Quarterly · Summer
Large language models have been integrated across thousands of industries, and a new ecosystem is flourishing.
Why Won't Chinese Database Companies Simply "Copy" the Snowflake Model? | Yunqi Capital Science Chat
Respect the market, seek common ground while reserving differences.
Yunqi Capital Invited to Become a Founding Council Member of the Global Tech Industry Alliance | Yunqi News
Helping Unite Global Tech Forces
Oasis Capital Invited to Sign Shanghai Lingang New Area QFLP Partnership Pilot
Counselor Vitality
Code Moment | "Singularity Energy" Closes Over RMB 700 Million Series B Round, Source Code Capital Continues to Double Down
JD Energy will continue to contribute its share of strength to the healthy, high-quality development of the energy storage industry and to the realization of China's dual-carbon goals!
Li Xiang x Li Feng: Why Did ChatGPT Emerge Today? What Happens Next? | Li Feng Column
Is there still a chance to build a Chinese OpenAI?
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.
Conversations with 29 Tech Investors: There Are Treasures, But No Treasure Map
Investing in tech is definitely the right call, but consensus remains scarce.
"Kujiale" Featured by Chinese Embassy in Kenya, Digital Showroom Technology Advances International Exchange | Yunqi Capital
New Ways of Cross-Cultural Exchange
We Analyzed 1,000 LP Commitments and Found 30 Hidden Top Family Offices
They are also a microcosm of China's commercial evolution.
The Hidden Depths of the Primary Market
If a perfect deal is one where everyone wins, then in an S deal, that may never be possible.
From the Big League to the Niche: The Glory Days of a Generation of Chinese VCs
How they will rethink fame, cycles, and investment.
Challenger Ventures invested in Alexander Wang, but says consumer spending could still get colder
"I still prefer historical stories to science fiction."
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.
Two Decades of RMB Funds: Between Life and Death
Are USD Funds in Trouble? Is It the RMB Funds' Turn to Make a Move?
XR chip developer GravityXR has raised tens of millions of RMB across angel and Pre-A rounds within six months
Focused on tackling XR-dedicated smart chips.
Harry Wang on Linear Capital: Lessons from Transitioning from Tech to Investing
A while back, Harry Wang, founder and CEO of Linear Capital, was invited to an online sharing event co-hosted by the Harvard Venture Capital Club and MIT Chinese Entrepreneurs Organization (MIT CEO). At the event, Harry shared his journey from engineer to investor,
Where Are the Next-Generation Consumer Opportunities in 2022? | Li Feng Column
What Will the Next Generation of Consumer Innovations Look Like?
Linear Capital News | Linear Capital-led Pre-A round portfolio company "Akenong" announces over 100 million RMB funding round, with Linear Capital continuing to increase its support
On June 23, 2022, Aicron, China's first smart crop cultivation decision-making service provider, announced the completion of two consecutive funding rounds — a Series A and a Series A+ — totaling over RMB 100 million. The Series A was led by Source Code Capital, while the Series A+ was jointly led by IDG Capital and Hillhouse. Linear Capital and Bits x Bites participated in both rounds as co-investors.
MaHui | ICAN Closes Two Rounds Totaling Over 100 Million Yuan, Source Code Capital Leads Series A
Focused on providing full-growth-cycle smart planting decision guidance services for agricultural producers.
MaHui | Mech-Mind Announces C+ Round Funding, Source Code Capital Co-Led B+ Round
Driving the Ubiquitous Presence of Intelligent Robots
Investment, People, Life | 5Y Capital Pub Vol. 7 x This Is Sound Life
A serendipitous journey, moments that left me in awe of founders, and bits of life along the way.
MaHui | Source Code Capital's Xingchen Zhang Named to Cyzone's 40 Under 40 Investors List
"Finding tech founders full of conviction"
SheIn Says No IPO Plans for Now as New $100 Billion Valuation Remains Unconfirmed
SheIn responds exclusively to *Dark Tides Waves*.
A grain of sand for the era, a mountain for USD funds
To survive in an era of sweeping change, keeping your eyes on the ground is never enough — you have to look up at the sky too.
China's Next-Gen Energy Storage System Integrator JD Energy Announces Completion of Series A Funding Round with Source Code Capital Participation
A global innovator in productized energy storage system solutions.
3 Biopharma Companies Raise Over 1 Billion Yuan Combined | FreeS Family Funding News · October–November
Firmly bullish on the development of biomedical innovation in China
November: Foresight and Boundless Imagination | 5Y News Monthly
The big news from last month.
5Y News | Xpeng Motors announces completion of over $500 million Series A funding round
This marks the largest single funding round to date in Asia's low-altitude manned aircraft sector.
Source Code Capital portfolio company Mech-Mind raises 1 billion yuan, with existing investor Source Code Capital continuing to increase its stake
Make intelligent robots ubiquitous.
As Fierce as August | 5Y News Monthly
The big news from last month.
Xiaoice Closes Series A Funding Round, Li Di: AI Beings Will Be Everywhere in the Future | 5Y News
Unveiled super-natural speech synthesis technology — AI now comes infinitely closer to the sound of a real human voice.
FreeS Family Funding News · June | Saturnbird, Shize Biotech, and Light Travel Secure Funding
We also released two short videos this week — follow us to check them out.
April, When All Things Grow | 5Y News Monthly
Looking back at last month's big events, ready to take on Q2 with full confidence.
Biren Technology, a general-purpose intelligent chip design company, announced the completion of its Series B funding round — Source Code Capital participated in the investment.
Founded just over a year ago, it has raised more than 4.7 billion yuan in total funding.
5Y News | "Zansi" Raises Tens of Millions of RMB in Series B Funding, to Launch Vertical Brand "Wei Laodi" Following "Mr. Soup"
A bowl of soup, a cat, a restaurant management group.
5Y News | 5Y Capital Portfolio Company StartDT (奇点云) Closes RMB 80 Million B2 Round
Openness and mutual success: building a new cloud-based, data-intelligent business together.
Source Code Capital portfolio company WeiMai announced the completion of a $100 million Series C+ funding round, with existing shareholder Source Code Capital continuing to increase its stake.
Making healthcare services more accessible, now covering 160+ cities across China with deep partnerships with 1,000 public hospitals nationwide.
FreeS Fund Wins Multiple Awards from 36Kr, Jiemian, Sansheng, and Lieyunwang | Frees Fund Vol.5
Do what is right, not what is easy.
5Y News|Deepexi Completes $40 Million Series A4 Round
Deepexi raised $40 million in its Series A4 round. We talked about why organizational building matters.
Tang Ning x Li Feng: How Can Startups Seize the Trillion-Dollar Wealth Management Transformation Opportunity?
What should the composition of a future-oriented portfolio look like?
What Happened to China's First Wave of '90s Founders? | FreeS Fund 2020 CEO Annual Meeting
"When you're young and truly believe in something, you'll give it everything you've got."
Waterdrop Inc. has completed a $230 million Series D funding round, co-led by Swiss Re Group and Tencent.
Leveraging internet technology to ensure accessible, affordable healthcare for the masses — safeguarding hundreds of millions of families.
General-Purpose Intelligent Chip Designer Biren Technology Completes Major Pre-B Round Financing
Dedicated to achieving breakthroughs in domestically produced high-end general-purpose AI computing chips.
Returning to China to Start a Business? Answers to Questions You Did — and Didn't — Think to Ask | Recap of FreeS Fund's First Open Day
Have ideals, but don't be idealistic.
A Visual Guide to How New Platforms Are Born | Li Feng Column
The Importance of Datafication to Platform Ascendance
Thinking Through Turning Points and Opportunities Amid the Pandemic from a Global Citizen's Perspective | FreeS Fund North America Online Sharing
Welcome to sign up, VC friends from across the US and anyone following the China-US venture capital scene.
A Veteran Educator's 10,000-Word Reflection on K-12 Education's Reconstruction and Resilience Amid the Pandemic | FreeS Fund Business School
A child's time is irreversible. The essence of education is to produce good outcomes.
Li Feng's New Year Outlook | One Chart to See China's Opportunities in 2020
Setting aside emotion and noise, let's take a serious look at the era we inhabit.
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.
FreeS Fund was named to Zero2IPO's "Top 50 China VC Firms of 2019" and "Top 30 China Cultural Consumption Investment Firms of 2019."
Do what's right, not what's easy.
Gaorong Monthly · November | Gaorong Ventures Wins "2019 China VC Firm of the Year" and Other Awards, 24 Portfolio Companies Named to 36Kr's "King of New Economy" List
Embrace the power of technology and innovation to create a better life together.
FreeS Fund Named to 36Kr's "China's Most Influential Early-Stage Investment Institutions TOP 10"; Four Portfolio Companies Win "King of New Economy" Annual Company Awards
Do what is right, not what is easy.
African Mobile Payments and Mobility Service Provider OPay Closes $120 Million Series B Round | Gaorong Ventures News
OPay is one of Africa's fastest-scaling companies, having grown into Nigeria's leading mobile payments and ride-hailing service provider.
FreeS Fund 2019 North America Trip ② | We Hope to Walk Through the Fog and Discern the Patterns with You
Six VC Meetups — Come Say Hi
We have an "Investment Observer" position waiting for you to join.
"Do What's Right, Not What's Easy" — Together
Jing Liu in Conversation with Li Feng: China's Economy Is Bottoming Out, Full of Opportunities
In the end, it's not about the moves — it's about the strength behind them.
Rongbao · September | YITU and Zhuiyi Clinch World Championship Titles, "Ronghui" Steps into QQ Mini Programs...
Wishing everyone a happy National Day!
GalaxySpace has completed a new round of financing, aiming to provide global 5G satellite communications and satellite internet services.
Following this round of funding, the company will continue to focus on R&D for low-orbit broadband communications satellites and the commercial deployment of application scenarios.
Source Code Capital portfolio company WeiMai announced the completion of a new $100 million series funding round, with existing shareholder Source Code Capital continuing to increase its stake.
A pioneer and leader in "Internet + Healthcare" service platforms. Its services cover more than 150 million people, with 100,000 doctors on the platform offering a wide range of healthcare service SKUs.
FreeS Fund Lands on 36Kr's "Top 10 Dark Horse Funds in China," Hard Tech Bets Earn LP Recognition
Do what's right, not what's easy.
Shuidi Mutual Aid Completes Nearly RMB 500 Million Series B Round, Gaorong Ventures Continues to Increase Stake
Safeguarding Hundreds of Millions of Families
Li Xiang × Li Feng: Strip Away the Emotion, What Did China Look Like in 2019?
The Year Expectations Shift
FreeS Fund Is Hiring Investors | Let's Do What's Right, Not What's Easy
"The Summit" is rising — we're waiting for you!
The Gaorong Ventures Way: Know What to Do, Know What Not to Do
A matter of resolve.
Video Technology Company YouHua Tech Raises Tens of Millions of USD in Series B Funding | Gaorong Ventures News
We will continue to increase R&D investment. Strong technical and product capabilities are the foremost conditions for winning in the video space.
Congratulations to MOGU on its successful NYSE listing.
Make fashion within reach.
Li Feng in Conversation with Zheren Hu: On "High" Valuations — We Were Quite Resolute at the Time
As an early-stage investor, we have the privilege of meeting these original dreams at their inception and watching them grow into something great.
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.
Fundraising, Licensing, New Launches, Team Building, Awards… 15 Notable Events from an April to Remember | FreeS Fund Blackboard · April
Look ahead, keep doing.
The "Oscars of Global Investing" Unveiled: Source Code Capital's Yi Cao Makes Forbes' 2018 Midas List
Yi Cao of Source Code Capital made the *Forbes* 2018 Midas List, recognized as the youngest best investor globally.
Spend Your Summer Mastering VC Skills | "Fengshen Rankings" Season 3 Recruitment
Want to come?
FreeS Fund Is Hiring a PR Lead | Join Us and Make Impact Visible
Welcome aboard.
Club Factory Raises $100 Million in Series C, FreeS Fund Continues to Follow On | Funding News
Cross-border e-commerce — a market that rivals daigou in scale.
The Last "FreeS Fund Family Update" of 2017 | FreeS Fund Bulletin · December
After a year of trudging forward, may you find more fellow travelers here.
Yi Cao Named to 2017 China Top Venture Capitalists TOP50
Jiemian and Toutiao jointly released the "Top Venture Capitalists in China" list for the first time.
The holiday is just around the corner, and we want to share six pieces of good news with you | FreeS Fund Chalkboard · September
Looking forward to crossing paths with more innovators and the extraordinary.
The World Is Out There, and We Have to Go | 8 Young FreeS Fund Entrepreneurs Named to Forbes China "30 Under 30" List
Meet youth. Meet innovation and the extraordinary.
Registration is now open for "Do It Today Vol.5," a workshop co-hosted by FreeS Fund.
We'll be waiting for you~





















































































































































































