Rui Han
韩锐
Rui Han (韩锐) is a partner at Gaorong Ventures, known primarily as the firm's consumer-investing lead and later as one of the backers of Moonshot AI . He rose through the firm from investment manager to managing director — named to 36Kr's "36 Under 36" investors list in 2019 — and to partner by 2020 , with a 2024 40U40 young-investor award to his name as well . His deal track includes Danke Apartment, Dingdong Maicai, Perfect Diary, Qian Dama, and Grab . Per Gaorong's own account, his style is boots-on-the-ground: to diligence a logistics deal he rode a truck from Guangzhou to Chongqing, eating and sleeping alongside the drivers . His consumer thesis, as he put it at a 36Kr summit in 2020, is that "every industry is worth deconstructing all over again" , with transferable trust as what makes a brand.
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Coverage
Warm congratulations to Mingming Henmang on its successful IPO on the Hong Kong Stock Exchange, with Gaorong Ventures co-leading the first round.
China's largest chain retailer of leisure food and beverages.
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?
Rongbao | Biren Technology and Seyond list successfully in Hong Kong, Moonshot AI completes major funding round
A new chapter begins.
I think the sun will shine bright tomorrow morning | Opening Remarks
Maybe wrong, always fun.
Warm congratulations to parent company Bubu Bus (BeBeBus) on its Hong Kong IPO — Gaorong Ventures is the largest institutional investor.
"The first publicly listed maternal and infant consumer tech company."
Rongbao | Multiple autonomous driving, nuclear fusion, gaming, and innovative drug companies raise hundreds of millions of RMB in funding
From commercial deployment to world-first breakthroughs, innovation never stands still.
"ShiningSoul" has raised several hundred million RMB in its Series A funding round, with Gaorong Ventures participating in the investment.
Define the next-generation TCG ecosystem.
A Conversation with Mingming Henmang: Extreme Efficiency and AI Mastery Are the Decisive Factors in Retail Today | Gaorong Future
Digitalization and AI are driving intelligent decision-making and granular management across supply chains.
Gaorong Report · 2025 | Innovative Drugs, Agri-Tech, AI Content Platforms Close Funding Rounds; Gaorong Earns Multiple Accolades
Innovation as the sail, hard work as the oar.
Rongbao | Generative AI Powers Industries, Snack Chains Hit 10,000 Stores, Chip Tape-Out Success, Healthcare Goes Global
Innovation lights the path to growth.
Consensus Within Non-Consensus: A Conversation Among China's LLM Investors | Yunqi Tech π
New Wave, New Future
When Moonshot AI's investors sat down with MiniMax's investors
Five individuals and two companies.
Two Roads Diverge, But You Can't Travel Both | 2024 · Under 36
Make your choice.
Rongbao | Major Acquisition in Innovative Drugs; Laser Chips, Quantum Computing, and Global Payment Platform Secure New Funding
"Every step forward feels like a bloom."
How Far Are We from LLMs Creating New Commercial Growth and Super Apps? | Ronghui · Inside Volcano Engine
Large language models are driving new business growth and novel forms of interaction.
Accelerated R&D and Commercialization of Frontier Products: Medical Devices, Digital Services, and New Brands Go Global | Rongbao
As the year draws to a close and a new one begins, the pace never lets up.
Baseus Technology Completes Series A+ Round to Build Moat Through Design Innovation and R&D
User-centric, practical, and beautiful.
When Young People Live by "Save Where You Can, Splurge Where It Counts," How Should Brands Harness Youth Power? | Inside Dewu
Frontline Insights on Youth Power.
Li Guofei's 10,000-Word Interview: Seeking Wisdom Is About Constantly Breaking the Prison of the Mind
Two worlds that seem to have nothing to do with each other may, at their foundations, arrive at the same destination by different paths.
Chip companies, surgical robots, and consumer tech brands close new funding rounds | Rongbao · June
Notable developments to watch in June.
How 28 Young People Spent 33 Hours on an Island
A celebration means something when it's shared.
"You're only 36. You can be anyone you want to be."
Never stop moving forward.
Chip/Consumer Electronics/Gene Editing Firms Raise New Funding; Quantum Computers, Micro-Display Chips Achieve Global Leadership | Rongbao · April
Targeting international advanced standards.
Consumer electronics leader Baseus Technology completes Series A financing of several hundred million RMB, staying true to "practical and beautiful"
Gaorong Ventures participated in the investment.
BOSS Zhipin Completes Dual Primary Listing, Baijiayun Debuts on Nasdaq, Gaorong Ventures Earns Multiple Accolades | Gaorong Monthly · December
Racing Into 2023
Congratulations to Giant Biogene on its Successful Listing on the Main Board of the Hong Kong Stock Exchange | Gaorong Ventures News
"The first publicly traded collagen stock."
From the Big League to the Niche: The Glory Days of a Generation of Chinese VCs
How they will rethink fame, cycles, and investment.
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.
Robots, AI, and Simulation Technologies Accelerate Industrial Adoption | Rongbao · June
Technology drives industrial transformation.
A Conversation with Lark, Genki Forest, and ToDesk: Organizations, Like People, Need Their Own Creed
An organization needs a creed to attract mission-driven employees.
Gaorong Monthly · December | Gaorong Ventures and Its Frontier Tech / Consumer / Healthcare / Enterprise Service Portfolio Companies Win Multiple Annual Awards
Its technological and innovative capabilities have won recognition.
Chuanwazi Foods Raises Nearly RMB 300 Million in Series A Funding, Aiming to Become China's Go-To Brand for Fresh Sauce
Bold and zesty, there for every meal.
Gaorong Monthly · October | Gaorong Ventures Named Among Zero2IPO's Top 10 VC Firms of the Year; Nuro Closes Major Series D Round
Autonomous driving, healthcare, and chip sectors see new funding rounds; Genki Forest unveils "Triple Zero Factory" strategy; Dingdong Maicai stabilizes prices and ensures supply.
Gaorong Bulletin · September | Gaorong Ventures Ranks Top 3 in 2021 VC Fund Returns, Milestones for Cross-Border Services, New Drug R&D, and New Brands
Consumer investment is returning to natural consumer demand, and medical technology innovation is emerging.
Efficacy skincare brand "Shiyan" has raised nearly 100 million RMB in a Series A round led by Gaorong Ventures.
Focusing on novel process innovation to create products that actually deliver results.
Rongbao · August | Medical Firms Accelerate Clinical Trials; New Funding for Chip, Consumer, and Overseas Expansion Companies
Make innovative technology accessible to more people.
Congratulations to Dingdong Maicai on its successful NYSE listing! | Gaorong Ventures News
Make fresh, quality ingredients as accessible as running water — within everyone's reach, for the benefit of all.
Rongbao · April | Solid-state LiDAR leader Innoviz goes public; Genki Forest and Dingdong Maicai close new funding rounds
Major Events in April
Busy Snacks Closes First Funding Round of 240 Million Yuan to Build a Next-Generation National Snack Brand
It didn't just build brand value — it created an entire snacking infrastructure.
Genki Forest Completes New Strategic Funding Round, Charts Four Paths to Build "Genki Forest of the World"
Build out the full value chain to integrate R&D, manufacturing, and sales, and capture the opportunities created by the rise of China's new generation of young consumers.
Gaorong Bulletin · December | Multiple Gaorong Ventures Portfolio Companies Secure New Funding in Chips, Robotics, AI Drug Discovery, New Brands, and Other Sectors
Stepping into 2021.
Warm congratulations to Yatsen Holding, parent company of Perfect Diary, on its successful NYSE listing | Gaorong Ventures News
It became the first U.S.-listed Chinese beauty stock, with Gaorong Ventures leading its early round and standing by it ever since.
Rongbao · September | Groundbreaking New Product Launches in Large-Memory Software, Robotics, Nanopore Gene Sequencing, and More
Technology and innovation will help build a better future.
Consumer Brand Growth Insights Report: There's No Universal Formula for Brand Dominance, Only One Underlying Logic
The Three Genes of a Successful Brand.
Rui Han of Gaorong Ventures Decodes the Battleground for Future Consumer Giants: Transferable Trust Is What Makes a Brand
Above category, the first way to classify tomorrow's consumer giants is by "scenario and function."
Gaorong Monthly · August | Waterdrop Completes $230 Million Series D Funding; Gaorong Ventures Named Among 36Kr's "Top 5 Most GP-Trusted VC Firms by LPs"
Shuidi, Kaikeba, and other companies closed major funding rounds, while Gaorong Ventures received multiple industry honors.
Rongbao · June | Gaotu Techedu Marks 6th Anniversary by "Redefining the Large Live-Streaming Class Model," YITU's Leo Zhu Publishes Signed Op-Ed in *People's Daily*
Never stop moving forward — create value, explore the unknown.
Rongbao · May | Large-Memory Computing, Autonomous Driving and Other New Technologies Accelerate Adoption; Integration of Goods and Services Emerges as New Consumption Trend
Underlying technological innovation and new demographics are driving infinite possibilities.
Gaorong News · December | Gaorong Ventures Named Among "China's Top 3 Best VC Funds of 2019," Ronghui "Youth Innovation Camp" Concludes
The future is bright.
Leading Community Fresh Food Brand "Qian Damayi" Closes Nearly RMB 1 Billion Series D Round | Gaorong Ventures News
Boosting efficiency and the customer experience in the fresh food industry, so every meal is truly fresh.
Topping Tmall's Double 11 Beauty Rankings, Perfect Diary Wants to Be the New L'Oréal for the Internet Era | A Gaorong Ventures Feature
Tmall Double 11's No. 1 Beauty Brand: The Journey and the Original Vision
Gaorong Ventures Honored with 36Kr's "Top 10 Most Founder-Friendly VC Firms in China 2019" and Other Awards
Gaorong Ventures remains committed to identifying exceptional founders and building long-term value alongside them.
Rui Han of Gaorong Ventures Named to "36 Under 36" Outstanding Investors List: You Have to See It, and You Have to Dare to Believe It
"VC is Vision plus Conviction."
A Visual Breakdown of Gaorong Ventures' Retail Investment Model: Why It Keeps Doubling Down on the Fresh Grocery Sector
What kind of business model can better carry consumers' channel trust? And push closer to the endgame of retail?
Gaorong Ventures 2018: New Consumer and New Tech for Long-Term Value
Building shared, long-term value.
Yue Bin, founding partner of Gaorong Ventures, won the "Top 10 Most Influential VC Investors of 2018" award.
Gaorong Ventures was named to the "2018 Top 10 Most Influential VC Firms." At the same time, Rui Han, Aisi Zuo, and Wang Xin, vice presidents at Gaorong Ventures, were jointly selected as "Most Popular Elite Investors of the Year."
The Gaorong Ventures Way: Know What to Do, Know What Not to Do
A matter of resolve.
