Jiayu Capital

Jiayu Capital (嘉御资本/嘉御基金) is an investment fund led by David Wei (卫哲), who previously served as CEO of Alibaba.com before moving into venture capital . The firm is best known for its early and repeated backing of Anker Innovations, where it reportedly secured three exclusive investment windows by creating what Wei described as "incremental value" . Beyond Anker, Jiayu has built a portfolio spanning AI infrastructure, semiconductors, enterprise software, and robotics — including Qiyuan World (a general AI company), Zunpai Communications (Wi-Fi chips), Jingneng Microelectronics (automotive power semiconductors), ONES (R&D management tools), XKool Technology (AI for architecture), and more recently AheadForm (humanoid robotics) and Qiongche Intelligence (embodied AI) . In Wei's own framing, the fund gravitates toward companies that dominate niche segments even without category expansion — he cited the ice-machine maker Huikang as an example of a "single-category champion" with no real competitors in its segment . The fund's globalization thesis has also been tested by portfolio companies like Anker shifting supply chains to Southeast Asia to mitigate tariff exposure .