Shenzhen Capital Group

Shenzhen Capital Group (深创投 / SCGC) is a Chinese state-backed venture capital fund where Ni Zewang serves in a leadership position . Per a 暗涌Waves profile from early 2024, Ni took the helm nine years after predecessor Jin Haitao's retirement, marking a generational transition at the firm .

In elsewhere's coverage, SCGC appears as an active growth-stage and strategic investor across hardware, AI, and deep tech. It has led or co-led rounds in humanoid robotics (Booster Robotics , AheadForm ), semiconductor infrastructure (Moore Threads , Innovative Semiconductor Substrate ), and AI applications (Baichuan , Hidream.ai , VAST ). It also re-invests in portfolio companies, as seen with its follow-on in Unitree . The fund frequently appears alongside other state-backed vehicles—Beijing and Shanghai AI industry funds, robotics-focused government funds—in what looks like a coordinated deployment pattern around strategic sectors . Elsewhere's corpus does not cover fund size, vintage structure, or detailed team composition beyond the Ni Zewang reference.