Lightspeed
光速中国
Lightspeed Venture Partners is a global venture capital fund, best known in the Chinese VC context as the origin of the Lightspeed China lineage . Per an 暗涌Waves piece, that lineage ran from the US brand Lightspeed to an independent Lightspeed China (光速中国), then 光速光合, and finally today's 光合创投 (Guanghe Ventures) — a Shanghai Xintiandi-headquartered firm that, in the piece's words, "finally completed its coming-of-age in its twentieth year" . A separate spin-off, Luminous Ventures (光合创投 per the entity record), also traces to Lightspeed and has backed Muxi and Unitree . On the global side, Lightspeed has appeared as an investor in deals like Indian social platform ShareChat's $502 million round at a $2.1 billion valuation in 2021, alongside Tiger Global, Snap and Twitter . Beyond this, elsewhere's corpus covers the China offshoots far more than Lightspeed's own history and strategy, so a fuller profile isn't available here.
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Coverage
Heart Capital's Yanchen Liu: AI Enters Its Next Phase — Opportunities, Moats, and Globalization | Voice
What does it take to build a global AI company?
One Rocket, Ten Satellites: Launch Success
This marks the first large-scale deployment mission for a satellite internet constellation.
Seeing Disaster From Space: MicroNano Space Supports Emergency Rescue at Gyirong Port | Heart Capital Portfolio
When disaster strikes, satellites give rescue operations an extra pair of "eyes."
XPENG AEROHT's Deli Zhao: He Flew Before the World Believed | Xin Star PORTFOLIO
A door opening to the sky.
We Built a Rocket Landing Game With AI | Heart Capital News
A salute to Zhuque-3.
Heart Capital Congratulates LandSpace on Zhuque-3 Reusable Rocket's Successful Orbital Insertion and Recovery | HeartStar PORTFOLIO
Accelerate China's commercial reusable rockets into the engineering validation phase.
Unpopular Truths: Nine Insights for Hard-Tech Founders from Three Chinese Scientists | VOICE
Seeking the fearless who will step into the dark tunnel.
Zhejiang Party Secretary Wang Hao Visits Hangzhou to Research Xi Wang's Innovative Development | Xinxing PORTFOLIO
One chip powers a hundred industries.
MicroNano Space and Huantian Intelligence Jointly Developed Six Satellites Successfully Launched and Networked | Xinxing PORTFOLIO
Accelerating the commercialization of China's aerospace information industry.
Xi Wang Sunrise Xu Bing: Where Is AI's Biggest Opportunity in the Next Decade? | Xinxing PORTFOLIO
Building houses and rules for AI Agents.
LandSpace's Zhuque-3 Reusable Yao-2 Carrier Rocket Completes Static Fire Test | Xinxing PORTFOLIO
This laid a solid foundation for the implementation of subsequent flight missions.
Heart Capital's Yan Han: Venture Capital, My "Lighthouse" in Life | Voice
"VC is the thing I can imagine myself still pouring my heart into at sixty."
He Xiaopeng in Conversation with Xiaojun Zhang: Physical AI Is 100 Times Harder Than Digital AI | Xingxin PORTFOLIO
A full pivot to the R&D roadmap for physical AI.
On the Eve of IPO, a Conversation with METiS Pharmaceuticals' Caida Lai: From Formulas on a Whiteboard to "The SpaceX of Pharma"
The story behind the investment.
Congratulations to METiS Pharmaceuticals on its Hong Kong Stock Exchange IPO — FreeS Fund invested in four consecutive early rounds.
From Whiteboard Equations to the "SpaceX" of Pharma
Heart Capital Congratulates METiS Pharmaceuticals on Successful Listing on the Main Board of the Hong Kong Stock Exchange | Heart Star PORTFOLIO
The world's first publicly listed AI drug delivery company.
AI Transformation: If History at the Port of New York Is Any Guide, Transformation Is a Pipe Dream — You Have to Be Born Again | VOICE
Finding a new place in the AI era.
"Micro-Nano Starry Sky" Debuts at Shanghai Commercial Aerospace Conference: The "Underwater Anchor Tenant" That Raised 1.56 Billion Yuan in a Year | Xinxing PORTFOLIO
A leading domestic high-end satellite manufacturer.
Heart Capital's Bingjian Wu: When "Lobster" Started Replying to My WeChat Messages for Me, I Saw the Glimmer of an Agent | Voice
The Great AI Voyage of the Chinese Diaspora
Heart Capital's Yanchen Liu: Finding Founders Who Stay Real Amid the Noise | VOICE
Invest in China's technology with conviction.
From Red Ocean to Blue Ocean: Xpeng Motors Redefines Autonomous Driving with Second-Generation VLA | Xinxing PORTFOLIO
THE FUTURE is now within reach.
Yan Han of Heart Capital: Going All-In on China's Hard Tech, Capturing the "Tip of the Pyramid" in Non-Consensus | Heart News
Heart Capital was named "China's Most Promising Investment Firm."
Heart Capital's Bingjian Wu: When AI Becomes Consensus, We Choose Non-Consensus | Voice
Be the earliest companion to non-consensus value.
Heart Capital's Yanchen Liu | When Energy Stands at the Edge of Its Next Leap: Controlled Nuclear Fusion Through a VC Lens | VOICE
"The ultimate energy source" is moving from science fiction to engineering reality.
Yan Han, Heart Capital | Future Core Assets: Global Market Opportunities from China's Tech Innovation | Heart Voice
The world is rethinking Chinese tech, and the narrative around it is being rewritten.
Heart Capital's Yan Han: Startup Mindset — How Startups Can "Cross the River by Feeling the Stones" | VOICE
Every river crossed is a journey of the soul.
"Too Human for Comfort": Xpeng Motors' IRON Robot Sparks Debate as Embodied Intelligence Blurs Human-Machine Boundaries | Xinxing PORTFOLIO
An embodied intelligence company exploring the future of mobility in the physical AI world, with a global outlook.
Heart Capital's Yan Han: Betting on "China Innovation, Global Market" for the Next 50 Years | VOICE
Global capital is rethinking China.
"Micro-Nano Starry Sky" Successfully Launches Satellite Internet Test Satellite, Company Initiates IPO | Xinxing PORTFOLIO
Dedicated to doing China tech investment right.
Xpeng Aeroht Takes First Step in Abu Dhabi Partnership, "Land Aircraft Carrier" Vehicle X3-F Receives Special Flight Permit in UAE | XinXing PORTFOLIO
China's flying cars take flight in the UAE, with comprehensive low-altitude strategic cooperation being advanced across the country.
Heart Capital's Bingjian Wu: I Don't Ask AI Startups About Their "Endgame" | Xinsheng VOICE
Build a boat and wait for the tide to rise.
DouDong AI: "Heart and Shadow, Always Together" — 1 Million New Users in 10 Days. More Than a Tool, It's the Next Gateway for Emotional Companionship | Xingxing PORTFOLIO
Xin Ying Sui Xing doesn't want to make Doudou AI a pure utility product.
Heart Capital-Backed AI Semiconductor Maker Ambiq Lists on NYSE | Heart News
On July 30, 2025, Ambiq Micro (ticker: AMBQ), an edge AI chip company backed by Heart Capital, successfully listed on the New York Stock Exchange. The stock opened at $38 on its first trading day, well above its IPO price of $24. Trading was temporarily halted intraday after the share price surged 74.17% due to excessive volatility. The company closed with a market cap of $660 million. As a leading player in ultra-low-power semiconductors...
Heart Capital's Yan Han: Global Innovation Enters "China Time" as International Capital Reshapes the Value Map | VOICE
Diligently invest in China's technology sector.
2025 Fan Deng Annual Speech: The Innerly Relaxed Person Allows Everything to Happen | Xinxing PORTFOLIO
Endorsement: In an era of AI frenzy, why do we still need to read? And in an age of universal anxiety, how can we rebuild our inner order? At Fan Deng's 202...
A Conversation with He Xiaopeng: I'd Rather Walk Slowly and Fall Less Often | Xinxing PORTFOLIO
Efficiency and effectiveness are the focal points of the reforms He Xiaopeng is currently pushing inside the company.
The Clear Path, Hidden Path, and Rocky Path of AI Fundraising
Where does the money come from?
Heart Capital's Yan Han: Patience, Original Aspiration, Cultivation, and Dedication | VOICE
Invest in China's technology with conviction and care.
Kerry Han Lands His First Fundraise of 2025, Says He'll Reject All US Dollars
The sentimental Han Yan told an even more sentimental story.
"The Land Aircraft Carrier" Achieves Manned Flight: At 40, He Sees the World from Above | Xinxing PORTFOLIO
Mapping out a bold vision for urban low-altitude flight.
Xpeng Aeroht's "Land Aircraft Carrier" Debuts: The World's Only Car That Can Carry an Aircraft | Xinwen NEWS
Pre-sales are planned to begin by the end of this year.
"LandSpace Becomes First Private Commercial Rocket Company to Win National Science and Technology Progress Award | Xinwen NEWS"
LandSpace participated in a project that won the 2023 State Scientific and Technological Progress Award!
Heart Capital Congratulates RoboSense on Its Hong Kong Stock Exchange Listing | Heart Capital News
A global leader in the LiDAR and perception solutions market.
The Investor Who Made the Most Money Off Pinduoduo
"Though millions may oppose me, I will go."
AI Thinking Part Three: One-Year-Old vs. Eighteen-Year-Old AI | VOICE
The best way to predict the future is to create it.
Heart Capital Officially Joins UNPRI, Committed to Becoming an Innovation Leader in Sustainable Development | Heart News
Create positive value with heart and purpose.
Xpeng Motors Secures $700 Million Investment from Volkswagen Group, Chinese EV Brand Goes Global | Xinwen NEWS
Rooted in China, reaching out to the world.
Heart Capital Leads Pre-A Round of Tens of Millions of RMB for "Xiyunda," Building a Full-Chain End-to-End Cross-Border Logistics Network | HeartStar PORTFOLIO
Xiyunda — making cross-border expansion simpler.
AI Reflections, Part Two: The Open Cards and Hidden Cards in AI | VOICE
Consensus and Non-Consensus in AI.
A Framework for Thinking About AI Application Startups in the Age of GPT | VOICE
Operating systems are a game for the few, but application startups are open to many.
Yan Han, Heart Capital: The Best Way to Deal with Change Is to Embrace It Wholeheartedly
Look outward, create value; look inward, cultivate yourself.
The AI Inflection Point in the GPT Wave: Who's Betting Big? Who's Benefiting?
On February 28, ChinaVenture hosted a closed-door salon in Shanghai on the "AI Singularity," focusing on the impact of ChatGPT on entrepreneurship and investment in artificial intelligence. Zheng Can, Managing Director of Linear Capital, and Fangbo Tao, founder and CEO of Mindverse — an angel-round portfolio company of Linear Capital — attended the event and shared their perspectives on the topic. **Zheng Can noted that Linear Capital had already been tracking the AIGC space and had made multiple investments in the sector.**
Hesai Group surged 10% in its IPO — a promising start to 2023
Get moving!
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.
New Tracks, Interdisciplinary Fields, Down-Market Expansion, Data Infrastructure... Four Companies Raise Nearly 1.2 Billion RMB in Funding | FreeS Family Funding News · Vol 10
Looking forward to working alongside more outstanding founders.
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.
瀚巍微电子完成Pre-A+轮融资，发布最新款超低功耗UWB芯片 Hanwei Microelectronics Completes Pre-A+ Round, Unveils New Ultra-Low-Power UWB Chip
Accelerate the adoption of new products in consumer electronics and industrial internet product segments.
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.
Standard Robots Announces 100 Million Yuan Series B Funding Round, Co-Led by Lightspeed and Source Code Capital
Standard Robots has achieved full coverage of top-tier customers in the 3C industry.
MemVerge Secures $19 Million Strategic Investment to Accelerate the "Big Memory Computing" Era
Intel, Cisco, NetApp, and SK hynix — industry leaders — have joined forces to invest, spearheading the big memory revolution.
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.
