Meituan Longzhu

Meituan Longzhu (美团龙珠) is Meituan's corporate venture capital arm, founded by Zhu Yonghua, who was noted in 2017 as one of the few CVC investors on the "36Under36" list at a time when most peers came from traditional financial VC backgrounds . In its first five years, the fund built a consumer-focused portfolio spanning Heytea, Mixue Ice Cream & Tea, Manner Coffee, Li Auto, and Guming, among others . More recently, Meituan Longzhu has expanded beyond its consumer roots: it led a September 2025 funding round for pool-cleaning robot maker Beatbot and, as of April 2026, made its first investment in the nuclear fusion sector via Nova Fusion, betting on the intersection of fusion energy and AI infrastructure . Partner Wang Xinyu described the firm's posture in late 2024 as one of active engagement rather than retreat, emphasizing physical fitness as preparation for navigating complex market conditions .