Source Code Capital

Unitree Funding Story Exhibition

Ancient stories always carry a special kind of allure.

Event Recruitment | Aug. 20 WRC Gathering: What’s Still Missing in Embodied Artificial Intelligence?

Join us the evening of August 20 for a conversation: Models are getting smarter, but what's still missing for Embodied Artificial Intelligence?

WAIC After Hours: An AI Gathering Planned for 100 That Drew 300+

Meshy Closes Nearly $400 Million Series B, Source Code Capital Continues to Double Down

Source Code Capital led the company's Series A round in 2021, and continued to increase its investment in subsequent rounds, providing long-term support for the company's growth.

Independent Variable Robotics Closes Four Rounds in Two Months, Valuation Tops 20 Billion Yuan | Unity Ventures Portfolio News

Its investors span China's four major internet giants, corporate strategic investors, state-backed funds, and top-tier VC firms.

2026 MaHui | Source Code Capital's Zhang Xun: Growth Beyond Exponential — A Game With Fewer and Fewer Winners

The AI era has given us the longest slope and the wettest snow. Only one question remains — do we have the patience to keep rolling the snowball all the way down?

MaHui | Sand.ai Raises Over $100M Across Two Rounds, Existing Investor Source Code Capital Continues to Increase Stake

Source Code Capital led the seed round of Sand.ai in 2024 and was one of the company's earliest institutional investors.

MaHui 2026 | Source Code Capital's Han Guang: Standing at 1769 of the Intelligence Revolution

The question isn't "Will AI arrive?" — it's already here. As an entrepreneur, the choice is whether to stand on the shore watching the ship depart, or jump aboard.

2026 MaHui | DeepWise's Weijie Sun: Building an AI Scientist That Surpasses Humans, the Anthropic of Scientific Research

DeepWise has been working on something difficult but worthwhile — building a shared scientific foundation for research and discovery worldwide.

2026 MaHui | A Deep Connection Without End

"Like going back to that first MaHui, when we all climbed the Great Wall together..."

Event Recruitment | Let AI Grow in Real-World Scenarios

April 30 · Shenzhen. Code Brain x WAIC Future Tech. Looking forward to meeting you, the AI founder.

Booster Robotics Closes New Funding Round, Existing Investor Source Code Capital Continues to Increase Stake

Source Code Capital was the lead investor in J&T Global Express's Pre-A round and continued to increase its stake in subsequent funding rounds.

MaHui | Congratulations to MaHui Member Seeya Technology on STAR Market IPO, Becoming "China's First Domestic Silicon-Based OLED Stock"

Source Code Capital was one of the key investors in J&T Global Express's Series C round, providing continuous support throughout the company's growth.

Jieti Medical Closes 500 Million Yuan Strategic Round; Source Code Capital Co-Led Previous Round

Source Code Capital continued to follow on in this round as an existing shareholder. In the previous round, Source Code Capital was a co-lead investor.

MaHui Member AI-Native Community Nie Ta Raises Over $10M in Pre-A+ Round, Existing Investor Source Code Capital Continues to Increase Stake

Everyone gets to make their own "Disney"

Source Code Capital Co-Leads Pre-A Round in 3D AI Chip Startup Suanmiao Tech, Which Raised Nearly 1 Billion Yuan Across Two Consecutive Rounds

Source Code Capital has invested in more than 20 companies across the AI industry chain.

Source Code Capital's 2025: Do the Right Thing, Do Things Right

6 IPOs, 4.3 billion yuan in investment, over 16 billion yuan in fundraising, 563 service engagements

MaHui Member Weijiu Optoelectronics Closes Nearly 100 Million Yuan Angel+ Round to Accelerate R&D and Commercialization

Source Code Capital was the angel-round investor in Weijiu Optoelectronics and has continued to support the company ever since.

MaHui Member TTC Closes New Eight-Figure USD Funding Round to Deepen AI-Powered Talent Solutions

Source Code Capital led an even earlier funding round for TTC.

How Source Code Capital's Zhang Xun Went From "Hunter" to "Farmer" | Source Code Insights

Investment must ultimately return to the fundamentals of business and adhere to the common sense of operations.

What Are MaHui CEOs Reading? A 2025 Reading List for Founders

Over the past year, we sent 13 books to MaHui CEOs, including six recommended by Yi Cao, founder of Source Code Capital.

MaHui | Woan Robotics Founder Li Zhichen: The Future of Home Robots Is 'Clear Division of Labor,' Not 'All-Powerful Superhumans'

Woan Robotics, a member of MaHui, successfully listed on the Hong Kong Stock Exchange, becoming the "first AI embodied home robotics stock."

MaHui Member YxinData Raises Over 100 Million RMB in Series B to Accelerate Global Expansion

Deepening its focus on liquid cooling for data centers while accelerating its global expansion.

MaHui | Chinese AI Founders' Existential Choice: Models First or Applications First?

At the 2025 MaHui Investor Annual Meeting, a debate unfolded over the critical choices facing China's AI entrepreneurs...

Source Code Capital closes new dual-currency growth fund at $600 million

Long-term support and companionship for the great enterprises of this era as they grow.

MaHui Member Sirius Pharma Raises Over 300 Million Yuan in Series B, with Existing Investor Source Code Capital Increasing Stake

Solidifying an Innovative Footprint in RNA Therapeutics

MaHui Member LibLibAI Raises $130 Million in Funding; Existing Investor Source Code Capital Continues to Increase Stake

The Largest Single Funding Round in China's AI Application Sector in 2025

Code Brain | In Hangzhou, Witnessing the Rise of China's Smart Manufacturing and AI Enterprises

On September 23, Source Code Capital led more than 20 founders, CEOs, co-founders, and senior executives from its portfolio companies on visits in Hangzhou to Geely, Alibaba Cloud, and Manycore Tech — representatives of smart manufacturing and AI industries.

MaHui Book Giveaway | These 6 Books to Accompany You Into the Second Half of 2025

Special feature: six recommended books for all MaHui CEOs, including two picks from Yi Cao, founder of Source Code Capital — here's to kicking off a fresh second half of the year together with fellow founders.

MaHui Member Chaoyue Shijie Featured on UploadVR Homepage

In April, HyperVision closed an angel+ round exceeding RMB 10 million. Source Code Capital, which invested in its angel round in 2022, has supported and stood by the company ever since.

MaHui Entrepreneur | Yuanbao Inc. Founder Fang Rui: The IPO Is Just One Thing Checked Off the List

For China's insurance industry, we've only just laid the first "smart brick."

MaHui Member Whale Announces Completion of C1 and C2 Funding Rounds

MaHui | Congratulations to MaHui member Yuanbao Inc. on its successful Nasdaq listing

On the evening of April 30, 2025, Beijing time, Yuanbao Inc., a leading insurtech company, officially listed on the Nasdaq Stock Exchange in the United States.

MaHui Entrepreneur Xingxing Wang: With Enough Focus, I Don't Believe There's Any Problem That Can't Be Solved

Code Moment | Code Gather Members Make a Collective Appearance at CES, Showcasing Tech Innovation Power

Make business smarter, make life better.

MaHui Member WeiMai Closes RMB 200 Million Series D Round, Existing Shareholder Source Code Capital Continues to Increase Stake

Source Code Capital Earns Zero2IPO 2024 China Top 20 Venture Capital Firm and Multiple Rankings

MaHui Member Cloud Whale Raises Hundreds of Millions in New Funding as Overseas Revenue Surges Sevenfold

Code View | Making a Foreign Land Home: Investment Reflections on Industrial Basics and Manufacturing Going Global

Source Code Capital Wins Multiple Awards from 36Kr and Cyzone

Code View | Structural Opportunities Persist Long-Term — Growth-Stage Consumer Investment Strategy Through a Beta Lens

Code View | Booster Robotics: When the Starting Gun Fires, Stand Shoulder to Shoulder with the Robotics Giants

Code Brain | How to Break Down Strategic Goals? How to Control Corporate Cash Flow?

Event Recruitment: How Can AI/SaaS Companies Break Into Overseas Markets?

MaKe | MaHui Member CytoBridge Bio Closes Nearly RMB 200 Million Series B Round; Source Code Capital Led Pre-B Round

MaKe | Multiple MaHui Members Named to 2023 China Healthcare Industry Investment and Financing Glory List

Booster Robotics Raises Tens of Millions of RMB in Pre-A Round Led by Source Code Capital

The proceeds from this round will go toward small-batch production and market expansion, talent recruitment, and ongoing R&D iterations.

Source Code Capital Teams Up with Top Universities and AI Leaders for Gen-AI Future Discussion

You can connect with frontline founders, leading researchers, and Source Code Capital investors to exchange industry insights, explore career opportunities, and brainstorm startup ideas.

Event Registration | Let's Talk About the Hotly Discussed Vision Pro and Spatial Computing

MaHui Member Edianyun Launches GPT+ Product "Yizhihui," Bringing OpenAI Large Models to China's B2B Market

MaHui Book Giveaway | A Springtime Invitation to Reading and Serenity

MaHui | Multiple MaHui Members Named to 2023 Venture50 Lists

Source Code Capital VP Gong Li Named to 2023 Forbes China 30 Under 30 List

Code Moment | Yi Cao and Yungang Huang Named to Forbes China 2023 Midas List

MaHui Member Raysolve Completes Pre-A3 Strategic Funding Round

Accelerating the Commercialization of Full-Color Monolithic Chips

Source Code Capital Named to EqualOcean's Top 30 Globalization Investment Firms of 2023

AIGC 'Peak Series' | ModelBest's Li Dahai: We Are Entering a New Era of Collective Intelligence

A single fish doesn't have much intelligence, but a school of fish can demonstrate collective intelligence as a group.

MaHui Member PowerLaw AI Closes Nearly 80 Million Yuan Pre-B Round, Existing Investor Source Code Capital Continues to Increase Stake

Fulfilling the mission of using technology to make legal services better and more accessible.

Source Code Capital's Wu Fan Named to 2023 F40 China Young Investors List

Looking forward to working with more founders on this journey.

MaHui Members Featured on Jazzyear's 2023 Top Tech Rankings

Multiple MaHui members named to Jazzyear's 2023 year-end tech rankings

MaHui Book Gift | Kissinger's *On China*

Understanding China, Reading China

ROBOT+AI Summit Series | Mech-Mind: The People Giving Machines "Eyes"

How does an intelligent brain graft onto a mechanical body?

MaHui Member Lexin Technology Completes Hundreds of Millions of Yuan in Series A+ Funding

MaHui Member Lexin Technology Completes Hundreds of Millions of RMB in Series A+ Funding

Source Code Capital Wins Cyzone and Jiemian "Most Admired VC Firm" Awards

With all our hearts, together we cross the mountain pass.

Code Brain | Xianglu Technology CEO Kevin Guo: The Three Core Hurdles in Sales — "Select," "Deploy," and "Motivate"

The person in the No. 1 position needs to have a clear understanding of how the company might die.

Code View | Yi Cao Attends Tsinghua University Generative AI and Business Innovation Forum

Startups still have major opportunities.

MaHui Member Company Yungu Technology Raises Tens of Millions in B+ Round

MaHui portfolio company Cloud Valley Technology has raised tens of millions of RMB in a Series B+ round.

MaHui Member TTC Secures Tens of Millions of RMB in New Funding Round

The proceeds from this round will be used primarily for R&D of digital and intelligent products, expansion of the self-operated business team, and overseas market development.

MaHui Member KH Automotive Technologies Co., Ltd. Raises Over 300 Million Yuan in Series C; Source Code Capital Co-Led Series B

Including this Series C round, KH Automotive Technologies Co., Ltd. has completed four funding rounds in total, raising nearly RMB 1 billion in aggregate.

Code Class | Why Elon Musk and SpaceX Keep Bouncing Back from Failure

The Falcon 1, despite its repeated failures, laid the foundation for SpaceX's achievements today.

Unisun Energy Group Closes Series C Round, Existing Backer Source Code Capital Continues to Increase Stake

MaHui Book Giveaway | What Core Capabilities Does a Sales Lead Need?

The head of sales needs to be a field commander, even a general.

Create @ AI Hackathon Opens; Source Code Capital Invites Global AI Developers and Entrepreneurs to Compete

MaHui Book Giveaway | Pfizer CEO's New Book: How to Face an Uncertain Future?

The limits of scientific innovation, difficult yet precise decision-making, superlative teamwork, and step-by-step, grounded execution.

Source Code Capital Named to 36Kr's "Most Entrepreneur-Friendly Investors and Investment Firms" List

What Kind of Investor Does 2023 Need?

MaHui Members Cloud Whale and DeepWise Named to 36Kr's 2023 36Under36 List

"Research and technology" were their most prominent labels this time around.

AIGC "Peak Series" | With Global Vendors Racing to Build Large Models, Entrepreneurs Should Consider These Three Opportunities

Large language models, tools, and application R&D

MaHui Exchange | Foxconn and Source Code Capital Explore Smart Manufacturing Together to Accelerate Digital Transformation

Focusing on "Digital Transformation" to Build a Smart Manufacturing Ecosystem

World Book Day | Stay Curious and Think Independently—Here Is Your AIGC Reading List

Helping you see a broader AI future

Qiheshengke Biotechnology Raises Over 100 Million RMB in Pre-A Round with Source Code Capital Participation

This round of funding will help Qiheshengke Biotechnology accelerate the commercialization of gene-edited bio-breeding.

Zheng Yunduan | Ten Dimensions of Business Performance Policy

The best business performance policy is a virtuous cycle of "high standards — high performance — high income."

Xingmai Innovation Raises Nearly 200 Million Yuan in Angel Round, Source Code Capital Participates

The proceeds from this round will be used primarily for product R&D, supply chain development, and brand building.

Source Code Capital | Angela Zhu: Building a Brand with the Spirit of the Times

China needs a home goods brand that truly starts from the consumer and understands how Chinese people actually live.

Code Moment | "Standard Robots" Closes Hundreds of Millions of RMB in Series C Funding, Source Code Capital Was Joint Lead Investor in Series B

Another milestone in Stande's development history.

Source Code Capital | Tonight at 8 PM, Hear IKEA's First Chinese CEO Explain a Brand with the Spirit of the Times

On March 8, from 8:00 to 9:30 PM, the 13th episode of Source Code Capital's "Leap of Faith Livestream" goes live!

Source Code Capital Venture Launches AIGC EIR Recruitment

Join us, and ride this 100-meter wave with Source Code Capital.

AIGC 'Peak Series' | Investor Who Spent 336 Hours in Silicon Valley Talking with 60+ Experts Invites You to Discuss AIGC Startup Opportunities This Saturday

Welcome to sign up — let's chat together.

Source Code Capital | Bill Xiong of Earth-2: Entrepreneurs Must Have Light

Holding yourself to a higher standard in business really isn't a bad thing.

Zheng Yunduan | How to Think About Organizational Strategy in a New Era?

Strategic insight and strategic decision-making are the foundation of organizational will. In this new era, whether an organization can sustain its drive depends on whether there is shared "hope and meaning" that the organization can rally around.

Code Watch | Who Are the AIGC 'Big Players'?

How will value evolve across the generative AI value chain? Will new moats emerge? And who stands to be the biggest winner in this space?

MaHui | KH Automotive Technologies Co., Ltd. Delivers 50,000th Air Spring Assembly for Li Auto L9

MaHui | Three Source Code Capital Partners Named to Forbes China 2022 Midas List

Code Brain | Planning to Go Abroad? Stay on Top of the Latest Entry Policies

Get a quick global view in 2023 without losing your way.

MaHui AC | Gathering in the Greater Bay Area with CUHK-Shenzhen to Explore "New Energy and Green Development"

Building an Efficient Exchange Platform for Scientific Research Innovation and Industrial Development

MaHui | Source Code Capital's Xingshi Wang Named to 2022 "F40 China Young Investors" List

MaKe | Belief Leap Livestream Returns Tonight at 8 PM

MaHui | Zhonghai Energy Storage Closes Two Consecutive Rounds Worth Hundreds of Millions of Yuan, Source Code Capital Leads PreA+ Round

Flow Batteries Could Solve China's Energy Storage Safety Problem

MaKe | 12-inch Silicon Wafer Leader ESWIN Material Closes Nearly RMB 4 Billion Series C Round, Source Code Capital Joins

We look forward to supporting the long-term development of core Chinese technology enterprises like ESWIN Material.

Source Code Capital | The "Galaxy" of Scientist Entrepreneurship

MaHui | YQN Logistics Debuts at 5th CIIE, Co-Releases 2022 International Logistics Industry Digitalization Development Report

Source Code Capital | Belief-Driven Founding Teams Cut Through the Noise

Code Engraved | Keyi Tech Launches Loona, Another Kickstarter Smash Hit

It raised over 1,000 units in just three hours, putting it on track to become the best-selling consumer robot in Kickstarter crowdfunding history.

MaKe | Belief Leap Live: Starting Up Inside a Big Tech Firm vs. "Real" Entrepreneurship, Actually Pretty Different

MaHui | Raysolve Successfully Lights Up Monolithic Full-Color Chip, Powering Revolutionary Breakthrough for AR Glasses

MaHui | Graph Database Developer "Yueshu Technology" Closes Tens of Millions of Dollars in Series A Funding, Existing Investor Source Code Capital Continues to Increase Stake

Providing stable, efficient foundational internet technology services for global enterprises.

MaHui Entrepreneurs | Mid-Autumn Moon, Shared Across the Four Seas

MaKe | GalaxySpace Closes New Funding Round, Source Code Capital Was Pre-A Round Investor

MaHui | Multiple MaHui Members Win Awards at HICOOL 2022 Global Entrepreneurship Competition

MaHui | Serval Tech Announces Completion of Series A Financing Led by Source Code Capital

Building the next generation of data security solutions.

Code Brain | Zheng Yunduan: What Really Drives an Organization?

Code Moment | Green Nitrogen Bio Announces Completion of RMB 10 Million Seed Round, Source Code Capital as Sole Investor

Realizing the vision of gradually replacing chemical nitrogen fertilizers with biological nitrogen fertilizers, supporting sustainable agriculture and ecology worldwide.

MaHui | Belief Leap Livestream: Still Wang Jianshuo

On Persisting with Sharing, and What Changes and What Endures in Technology and Investing

MaHui | MobiDrop Closes Nearly 100 Million Yuan Series A+ Round, Existing Investor Source Code Capital Continues to Increase Stake

Pioneered high-throughput single-cell microbial sequencing technology

MaKe | Stori Announces New $150 Million Funding Round, Source Code Capital Invested in Series A+, B, and C

Delivering a Better Digital Banking Experience for Latin American Users

MaHui Entrepreneurs | Exploring the Known Unknowns and the Unknown Unknowns

Source Code Capital View | Technological Innovation for Carbon Neutrality in Sustainable Development

Code View | Is 41 the Optimal Age for Innovation?

Be a partner on the entrepreneurial journey, powering China's economic upgrade and transformation.

Code Moment | Youwei Biology Announces Close to 100 Million RMB Series B Round; Source Code Capital Led Series A

Advancing the Commercial Application of Dissolvable Microneedle Technology

MaHui | MaHui Member Biren Technology Forms Strategic Partnership with Ping An Technology to Build Industry Benchmark for Domestic Large-Scale Computing Chip Deployment

MaHui | Belief Leap Live: The Starry Sea of the Slash Scholar

MaHui | ICAN Closes Two Rounds Totaling Over 100 Million Yuan, Source Code Capital Leads Series A

Focused on providing full-growth-cycle smart planting decision guidance services for agricultural producers.

MaHui | Mech-Mind Announces C+ Round Funding, Source Code Capital Co-Led B+ Round

Driving the Ubiquitous Presence of Intelligent Robots

Code Moment | Zero2IPO Releases *2022 "Specialized, Refined, Distinctive, and Innovative" Enterprise Investment and Financing Research Report*

Yungang Huang on Maintaining a Steady, Long-Term Tech Investment Pace Through Peaks and Troughs

MaHui | Nearly 40 MaHui Members Named to 36Kr's X·36Under36 S-Class Young Entrepreneurs List

Code Brain | Eight Questions on Going Global: Where Are the New Business Opportunities?

Source Code Capital Wins Multiple Awards at 2021 ChinaVenture Rankings

MaHui | Source Code Capital's Xingchen Zhang Named to Cyzone's 40 Under 40 Investors List

"Finding tech founders full of conviction"

MaHui | Source Code Capital's Chang Kaisi: Tech Shifts Reshape Moats, Tech Entrepreneurship Breaks Boundaries

Tech disruption breaks down barriers

MaHui Entrepreneur | From One Universe to Another

Build metaverse worlds with ease.

Code Brain | Clear Despair Beats Vague Hope: On ToB Sales During the Pandemic

Together for a Shared Future

MaHui Entrepreneur | When the Founder of a "Software-Defined Storage" Company Is Also a Racing Driver

Infinite outward, infinite inward

MaHui | MaHui Member ONES Acquires SegmentFault to Build High-Quality Developer Community

MaHui Entrepreneurs | From 0 to 1 to 23.4 Reading Week: "General Knowledge and Big-Picture Thinking"

Day 4. Broaden your horizons, widen your perspective, and create more lasting, genuine value.

MaHui Entrepreneurs | From 0 to 1 to 23.4 Reading Week: "Organization and Talent"

Day 3, ten books, shared with all you fellow founders for mutual encouragement.

MaHui Entrepreneurs | From 0 to 1 to 23.4 Reading Week: Strategy and Operations

Day 2: Exploring Startup Strategy and Operations

MaHui Founders | From 0 to 1 to 23.4 Reading Week: "Startup Thinking"

Your journey for World Book Day starts here.

MaHui | Tonight at 8 PM, Source Code Capital Summer Internship Live Info Session

MaHui Entrepreneurs | Exploration Never "Extinguished" — Saluting the Spirit of Spaceflight

MaHui | MakeSens Announces Completion of Hundreds of Millions of RMB in Series B Financing

Starting from "battery safety," the company aims to provide "safer" technical solutions for grid systems.

Code Moment | Source Code Capital Launches 2022 Summer Internship Program

Creating Lasting, Genuine Value

MaHui | Keya Medical Accelerates Global Expansion with World's First AI Product Certified by China, Europe, and the United States

will be a milestone event in the development of AI healthcare in China

Code Moment | Biren Technology Lights Up China's Largest General-Purpose GPU Chip

The BR100 series, the first general-purpose GPU chips, were successfully powered on in their initial bring-up.

Code Brain | What It Takes to Be a "Leader": Three Essentials

Every manager should first become a leader.

MaHui Entrepreneur | Sleep Well, Then Explore a More Lucid Entrepreneurial Life

Better Inward Exploration

Source Code Capital's Yungang Huang: The Essential Quality for Entrepreneurs Is a Resilient, Bold Spirit of Exploration

We want to be partners on your entrepreneurial journey.

Fairino Raises Over $50 Million in Series B Led by Source Code Capital

Delivering high-performance collaborative robot products at extreme cost-performance ratios.

Code Moment | GalaxySpace Launches Seven Satellites in One Rocket

China's first low-orbit broadband communications test constellation

Taichi Graphics Raises $50 Million in Series A Funding Led by Source Code Capital

Dedicated to empowering every ordinary person to create their own digital world.

Digital therapeutics company IBT无疆科技 announced the completion of its Pre-A+ funding round, with existing investor Source Code Capital continuing to increase its stake.

Advancing the Commercialization of Next-Generation Digital Therapeutics

Source Code Capital Entrepreneur Services 2.0: From "Two Pillars" to "Six Wholes"

"Full Code Ahead for You"

AI Chronic Disease Management Platform DeepNaps Announces New Round of Funding in the Tens of Millions of Dollars, Existing Investor Source Code Capital Continues to Increase Stake

In the future, it aims to serve 50% of China's chronic disease patients.

China's Next-Gen Energy Storage System Integrator JD Energy Announces Completion of Series A Funding Round with Source Code Capital Participation

A global innovator in productized energy storage system solutions.

Data tech company XSKY closes RMB 400 million Series F funding round with Source Code Capital participation

Data Evergreen

Source Code Capital announced that Wei Lai has been appointed as Ecosystem Partner.

Creating Lasting, Real Value

The Growth Logic of New Brands on Douyin E-Commerce

Good content, good products, good service.

Source Code Capital's Chang Kaisi: How Consumer Brands Achieve Cycle-Crossing Growth

Product is king.

Source Code Capital Portfolio Company Cyclone Raises $150 Million in Series C, with Existing Backer Source Code Capital Continuing to Increase Stake

Automation is everywhere, digitization is within reach.

Corporate Training SaaS Provider CoolCollege Raises Hundreds of Millions of Yuan in Series B Led by Source Code Capital

Will continue to explore AI, gamification, and metaverse-based learning.

IrisView, a next-gen OS R&D platform, closes two consecutive rounds totaling nearly RMB 100 million, with Source Code Capital leading the A+ round

Focused on building a next-generation operating system for next-gen devices like AR/VR headsets.

Source Code Capital portfolio company Zhangshang Fucai announces completion of Series B funding round, Source Code Capital led angel round

"The Building Materials Market of the New Era"

Xijiezhachuan, a fried-skewer snack brand, announced the completion of a 295 million yuan Series A funding round led by Source Code Capital.

"Ten Thousand Stores in a Hundred Cities," dedicated to helping 100,000 Chinese people successfully realize their entrepreneurial dreams.

Jellyfish Intelligence Raises 70 Million Yuan in Series A Led by Source Code Capital

Let everyone enjoy the beauty of design through AI intelligence.

Source Code Capital closes fifth RMB fund, raising over 7 billion yuan to back tech innovation and SMEs

Invest early, invest small, invest in tech

Source Code Capital portfolio company Mech-Mind raises 1 billion yuan, with existing investor Source Code Capital continuing to increase its stake

Make intelligent robots ubiquitous.

Source Code Capital portfolio company HAI ROBOTICS raises over $200 million across two rounds, with existing shareholder Source Code Capital continuing to increase its stake

Accelerating its global expansion, the company's operations now span more than 30 countries and regions across five continents.

Source Code Capital portfolio company Keenon Robotics announced the completion of a $200 million Series D funding round. Source Code Capital led the company's Series B round.

Dedicated to providing intelligent autonomous delivery solutions for enterprises worldwide.

Source Code Capital Portfolio Company Mannkando Raises Nearly $10 Million in Pre-A Round, with Source Code Capital Continuing to Increase Its Stake

Supply chain advantages were scaled up further through deep partnerships with nearly 200 premium European repair shops.

Soluble Microneedle Technology Company Youwei Biology Completes Tens of Millions of Yuan in Series A Financing Led by Source Code Capital

Effortless, painless drug delivery through a simple patch application.

Source Code Capital's Xingshi Wang and Yungang Huang Named MVIP Young Investors of the Year and Best Digital Healthcare Investor

MVIP of the Year, Best Investor in Digital Healthcare.

Chemical.AI, an intelligent chemical synthesis platform, announced the completion of a nearly $15 million Series A+ funding round led by Source Code Capital.

Dedicated to solving new drug synthesis problems through artificial intelligence and chemical big data

Xunweishi raises tens of millions of yuan in angel round co-led by Source Code Capital

Put consumer needs first, and elevate happiness and satisfaction.

Unisun Energy Group Announces Completion of Series B Funding Led by Source Code Capital

A pioneer and innovation driver in China's distributed solar PV industry, with operations spanning nearly 300 cities and over 2,000 power stations nationwide, and a total operating capacity of nearly 5 GW.

How Young Consumers Powered This Year's 618 Shopping Festival: A Look at Source Code Capital's New Consumption Bets

Seeking founders who pursue product excellence

Source Code Capital's Hongjiang Zhang Ranks No. 1 Among Chinese Mainland Scientists in Global Top 1000

In 2021, Hongjiang Zhang was ranked number one in mainland China among the world's top 1,000 computer scientists.

Source Code Capital Portfolio Company Blokees Raises 600 Million Yuan in Series B, Existing Investor Source Code Capital Continues to Increase Stake

Build a global children's brand born from China.

Internet Insurance Tech Platform Yuanbao Inc. Closes Nearly RMB 1 Billion Series C Led by Source Code Capital

It has accumulated millions of paying users, covering more than 90% of domestic regions.

Dandan Chen: No Need to Fear the Endless Pursuit of Truth—Every Inch of Progress Brings Its Own Joy

Stay in a posture of growth.

'Clean Beauty' Pioneer Brand 'Lan' Announces New Funding Round Led by Source Code Capital

It was the first to propose the "nourish skin with oil" concept, and at one point broke into Tmall's top 10 serum category rankings.

Source Code Capital Portfolio Company Mech-Mind Closes Hundreds of Millions of RMB Series C Led by Meituan, Existing Shareholder Source Code Capital Continues to Increase Stake

Smart industrial robot solutions have already been deployed across automotive, home appliances, steel, food, logistics warehousing, healthcare, banking, and many other sectors.

Biren Technology, a general-purpose intelligent chip design company, announced the completion of its Series B funding round — Source Code Capital participated in the investment.

Founded just over a year ago, it has raised more than 4.7 billion yuan in total funding.

Daily Black Chocolate Raises Over 100 Million Yuan in Series A+ and B Rounds, Source Code Capital Leads Series A+

China's top-selling dark chocolate category on 2020 Double 11

Source Code Capital Portfolio Company YiCan Closes Nearly $10 Million Series A, with Existing Investor Source Code Capital Increasing Stake

The platform has served more than 1,500 enterprise clients across a wide range of industries, including enterprise services, artificial intelligence, e-commerce, healthcare, automotive and transportation, food & beverage and retail, education, and finance.

Source Code Capital portfolio company Jianhai Technology announced the completion of a 150 million yuan Series B investment, with existing shareholder Source Code Capital continuing to increase its stake.

Dedicated to advancing post-diagnosis disease management systems for patients, it has already partnered with more than 1,000 hospitals.

Let me tell you a joke, the startup CEO is back again 2.0......

This isn't a bug, it's 2.0.

Source Code Capital Portfolio Company Baibu Closes $110 Million Series D+ Round, Source Code Capital Continues to Increase Stake From Angel Round Onward

Its portfolio includes business platforms such as Baibu, Quanbu, and Feisuo Zhizao, forming a vertically integrated digital service platform for the textile and apparel industry.

Galixir, a Source Code Capital portfolio company, raises tens of millions of dollars in funding, with existing investor Source Code Capital continuing to increase its stake

Galixir's technical capabilities are built on sophisticated AI models, enabling end-to-end coverage of drug discovery from hit compounds to preclinical candidates.

Source Code Capital portfolio company CassTime raises $35M in Series C3 round led by returning shareholder Source Code Capital

One-stop auto aftermarket industrial internet platform & industry solutions.

Source Code Capital Portfolio Companies Mech-Mind Robotics, HAI ROBOTICS, and Haochezhu Huzhu Named to The Information's 2020 TI50 List

Eleven Chinese companies made the list, with three portfolio companies from Source Code Capital among them.

SCRM Service Provider Dustess Announces Completion of Series A Funding Led by Source Code Capital

Serving more than 30 industries and over 5,000 enterprises, enabling intelligent and precise private-domain marketing.

Source Code Capital Portfolio Company Narwal Named to TIME's Best Inventions List: Changing the World Together

"100 Inventions That Changed the Way We Live"

Source Code Capital portfolio company GalaxySpace announces new funding round, with existing shareholder Source Code Capital continuing to increase its stake

GalaxySpace, the first unicorn in China's commercial aerospace and satellite internet sectors, has now entered the final assembly phase for its second self-developed broadband communications satellite.

vesoft Raises Nearly $10M in Pre-A+ Round Led by Source Code Capital

It has been battle-tested across multiple business scenarios at leading tech companies, with proven results in financial risk control, knowledge graphs, and other applications at more than ten enterprises including Tencent, Meituan, Qichacha, Xiaohongshu, and 360 Finance.

Mech-Mind Robotics announced the completion of a nearly RMB 100 million Series B+ funding round, jointly invested by Source Code Capital and HSG.

Focused on the R&D of AI-enabled intelligent solutions for industrial robots, it has become one of the fastest-growing and largest startups globally in the AI + industrial robotics space.

A Step-by-Step Breakdown of the U.S. IPO Process

A practical handbook covering the essential preparations and key considerations across all three phases of going public: pre-IPO, during the IPO, and post-listing.

A-share reform dividends far exceed expectations, making it the top choice for listings amid transformation

A-Share IPO Opportunities Under the Registration-Based Reform: An Investment Banking Perspective

Source Code Capital's Wu Jian: Discovering Value in Robots Through the Lens of Industrial Internet

The "last mile" of industrial internet is seeing a convergence of favorable timing, positioning, and human capital in the robotics sector.

Let’s Write the Code That Changes the World Together

Bring your curiosity and creativity. Join a frontier company. Change the world together.

Domestic skincare brand PMPM raises tens of millions of yuan in pre-A and pre-A+ rounds, with Source Code Capital as sole angel investor

Launched less than six months ago, it has accumulated nearly RMB 50 million in GMV, growing 100x in just over six months.

Source Code Capital Portfolio Company Cyclone Robotics Closes Nearly $40 Million Series B Round, Source Code Capital Continues to Increase Stake

Already serving hundreds of domestic clients across financial services, government, energy, and high-tech sectors.

Promises of eternal love are no match for consistent, active engagement.

Companionship is the most romantic vow in an ordinary world.

Source Code Capital Portfolio Company ZNLH Announces Completion of C1 Round Financing, Source Code Capital Led B Round

ZNLH has maintained stable, scaled profitability for three consecutive years and will seek to go public when the timing is right.

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.

"Small" Trademarks, "Big" Trouble: How Can Entrepreneurs Effectively Avoid Pitfalls? | Code Brain Episode 14

In the business world, intellectual property has long been a critical moat for enterprise development.

Source Code Capital Portfolio Company CassTime Announces $50 Million Series C2 Funding Round, Source Code Capital Co-Led Series C1

The business has expanded to 366 cities nationwide, serving 1.5 million vehicles per month.

Designer Toy Platform Suplay Raises Several Million USD in Pre-A Round Led by Source Code Capital

The STF Designer Toy Online Exhibition generated over 3 million yuan in sales and drew more than 800,000 total views.

Silicon Integrated, a ToF chip design company, announced the completion of a 180 million yuan Series B funding round.

Focused on high-performance analog and mixed-signal chip technologies and their applications, it has served tens of millions of flagship-brand smartphones.

Source Code Capital's Hongjiang Zhang Ranks No. 1 in China for Third Consecutive Year on Global Top Computer Scientists List

Guide2Research 2020 Global Top 1,000 Computer Scientists h-index Rankings

Source Code Capital portfolio company YiCan announced the completion of a multi-million-dollar Pre-A funding round, with existing investor Source Code Capital continuing to increase its stake.

The company serves nearly 1,000 clients, with 70% being post-Series A companies or those generating annual revenue exceeding RMB 20 million.

Growth, Growth, Growth, Growth, Growth, Growth, Growth, Growth, Growth

Grow Into Who You Are

WANGBAOBAO, a Source Code Capital portfolio company, closes nearly 100 million yuan Series B with continued follow-on from Source Code Capital

After reaching number one in Taobao's cereal category, they kept replicating the "zero to one" playbook.

Founders' Reading List: Anything Catch Your Eye? | World Book Day

Love to read, and read good books.

Forbes Releases Major Rankings, Source Code Capital's Yi Cao and Yungang Huang Make the List

Create lasting, real value.

Source Code Capital portfolio company inDeco raises $20 million Series C, with existing backer Source Code Capital increasing its stake

It raised three rounds of funding in just a year and a half, totaling 240 million yuan.

World's First Smart Mopping Robot 'Cloud Whale' Announces Close to 100 Million Yuan Series B Funding Led by Source Code Capital and ByteDance

The World's First Smart Mopping Robot

AI-powered pharmaceutical formulation development company "METiS" announced the completion of a multi-million dollar angel round — Source Code Capital participated as a follow-on investor.

The world's first startup to use AI to drive pharmaceutical formulation development, dedicated to providing drug companies with rapid, precise intelligent formulation R&D through high-throughput formulation platforms and AI computing technologies.

Everything You Need to Find a Job

Where Are the Jobs in 2020?

Source Code Capital portfolio company "Qingzhu" announces completion of tens of millions of dollars in Series B funding — Source Code Capital was the sole angel round investor

Qingzhu currently has over 3,000 partner hotels under contract, with full coverage across all first-tier, new first-tier, and second-tier cities nationwide.

The Industry's Growth Double Helix

Why we say efficiency is the only competitive advantage for industrial internet companies.

Delivery Robot Maker Keenon Closes RMB 200 Million Series B Round Led by Source Code Capital

Keenon has partnered with more than 1,000 B2B clients, expanding into over 400 cities across China and multiple overseas markets.

Mexican Digital Bank Stori Announces $10 Million Series A+ Round Co-Led by Source Code Capital

Stori also announced the official launch of the Stori digital credit card in Mexico, adding a market-leading fully online application and usage experience to its existing physical credit card that can be used on global credit card networks.

Code Brain "Standing Together Against COVID-19" Series Session 7: Sales Team Management During Extraordinary Times

**Speaker:** Jiawei Gan, Operating Partner at Hillhouse, former COO of Meituan

One Table, 21 Actionable Tips: Here's Our Online Training Methodology

A methodology for 24-hour decision-making, initiation, preparation, and coordination, plus an eight-day, six-session online course series.

Code Brain 'Standing Together Against COVID-19' Series Session Five: Interpreting Macro Policies and Industry Logic Amid Pandemic Shock

Speaker: Zhongmin Wang, Former Vice Chairman of the National Council for Social Security Fund (SSF), and Chairman of the FOF Committee at the Asset Management Association of China (AMAC)

"Code Brain" "Standing Together Against COVID-19" Series Session Four: Reverse Thinking — How Entrepreneurs Should View the Pandemic From a Different Angle

Guest: **Zhou Yahui**, Founder, Chairman, and CEO of OPay

Code Brain 'Standing Together Against COVID-19' Series Session Two: Pandemic's Impact on the Financing Environment and Corporate Response Recommendations

Guest: Ruyi Guo, Managing Partner, Taihe Capital

Code Brain "Standing Together Against COVID-19" Series Session 1: Employer Compliance and Practical Guidance During the Novel Coronavirus Outbreak (Beijing, Shanghai, Guangzhou, and Shenzhen Case Studies)

Speaker: Hu Chongchong, Partner at Beijing Zhonglun W&D Law Firm

Congratulations to Source Code Capital portfolio company GalaxySpace on the successful launch of its first satellite!

China's First Low-Orbit Broadband Communications Satellite with 10 Gbps Transmission Capability Successfully Launched

Source Code Capital portfolio company "Chuxin" announces completion of over RMB 230 million in Series B financing — Source Code Capital was the sole investor in its angel round

It provides full-stack AIoT solution leasing services for restaurant back-of-house operations, pioneering the "LIS" model — Leasing Intelligence Services.

Online Cereal Brand WANGBAOBAO Closes Series A Led by Source Code Capital and Vertex Ventures China

This year at the Tmall Double 11 Shopping Festival, WANGBAOBAO took the top spot among cereal brands on Tmall, with annual sales up more than 20x.

Source Code Capital-Backed Space Transportation Raises Nearly 100 Million Yuan in Pre-A Round, Source Code Capital Was Sole Angel Investor

In just one year since its founding, the company has successfully completed two suborbital rocket flight tests, laying the groundwork for the future development of launch vehicles, high-speed transport, and space tourism.

Source Code Capital Portfolio Company Baibu, a Textile B2B Platform, Announces $300 Million Series D Funding Round; Source Code Capital Was Sole Investor in Angel Round

The largest single financing round in China's textile and fabric sector to date.

Technology-Powered New Consumer Brands: It's Only Just Begun | Source Code Capital 2019

"Knowledge Capital, Deep Practice" — Source Code Capital's 2019 Ma Hui annual conference brought together the founders and CEOs of Linji Convenience Store, WeiMai, Juli Xinfang, RELX, and Qingzhu Hotel to explore how technology empowers new consumption.

RPA Firm Cyclone Announces Close of Nearly $10 Million Series A Funding Round

Among domestic RPA startups, Cyclone currently sits in the top tier by revenue, funding raised, and valuation.

Three Realms of Industrial Internet Entrepreneurship | Source Code Capital Insights

A new wave of deep business model innovation in industrial internet is underway.

Brands: Meaning, Symbols, Value | Code Brain Episode 10

"Forget what you're selling. Remember what you're giving."

Source Code Capital Congratulates Portfolio Company Space Transportation on Successful First Flight Test of Tianxing I-1 Horizontal Recovery Technology Verification Rocket

It took a historic step forward in the domestic pursuit of reusable rocket recovery technology.

Source Code Capital Portfolio Company "Xinshengli" Announces Completion of Several Million USD Pre-A Round

Focusing on Developing Children's Mathematical Thinking

Source Code Capital Closes $570 Million New Fund

Create lasting, real value

Yi Cao of Source Code Capital Named to 2019 Forbes Midas List

Create Lasting, Real Value

Source Code Capital Portfolio Company BLUE Mobile Completes Series C Financing

Southeast Asia New Retail + New Finance Platform

Source Code Capital Portfolio Company Huzan Technology Closes $30 Million Series B Round, Existing Backer Source Code Capital Continues to Increase Stake

Leading the social retail services space

Two Portfolio Companies Close Funding Rounds, Four Achieve Strategic Upgrades, and Two Rank First on Global Top Lists | Source Code Capital Community · February

"Ma Hui Notes" chronicles the small steps forward of our community members, shares in the joy of their growth, and looks toward an even brighter future.

Here's a joke for you: the startup CEO is back again...

Don't cry when you finish reading this.

Source Code Capital Portfolio Company ABC Technology Raises $30 Million in Series B Funding

Has partnered with nearly 50 leading financial institutions

Source Code Capital Congratulates Portfolio Company MOGU (NYSE:MOGU) on NYSE IPO

An IPO is the beginning of a brand-new journey.

4 Companies Close Funding Rounds, 8 Undergo Strategic Upgrades, Multiple Firms Named "2018 King of New Economy" | Source Code Capital Monthly · November

"Ma Hui Journal" is where we document our team's small steps forward, share the joy of growth, and look ahead to an even brighter future.

Hongjiang Zhang: AI's Long-Term Development Requires Someone to Sit on the Cold Bench

We hope AI fundamental research can look further into the future.

The Great To B Adventure

The true B2B adventurers have mostly become big winners.

PanPay Raises Tens of Millions of RMB in Pre-A Round from Source Code Capital

The Best Solution for Solving Global Payment Challenges for Foreign Trade Companies

Alumni Interview: Yi Cao — Computer Science Inspires My Decision-Making

The idea that the combination of data, algorithms, and computing power produces optimal decisions is a business approach directly inspired by computer science.

Export E-commerce: How to Seize New Opportunities in the Trillion-Yuan Blue Ocean Market | Source Code Capital Insights

Cross-border e-commerce is the new blue ocean in a trillion-dollar market.

Climber Summits Mount Everest with Peking University Mountaineering Club

Mountaineering and entrepreneurship are both acts of faith — gazing up at the stars, surviving against nine-to-one odds.

Six Companies Upgrade Strategies, Meituan's Xiaoxian Fresh Expands Into Offline Grocery Retail | Source Code Capital Monthly · May

【Source Code Capital Chronicle】A record of our team's small but meaningful steps forward, celebrating growth, and looking toward an even brighter future.

Impact of Asset Management Rules on Institutions and Response Strategies | A New Era for Asset Management

A Detailed Look at Development Opportunities Under the Asset Management New Rules for Banks and Wealth Management, Securities Firm Asset Management, Public Funds, Private Funds, Trusts, and Robo-Advisors

Decoding New Retail: Online-Offline Integration Opens Up New Possibilities | Source Code Capital 2018

New Trend: OMO

Three Trillion-Dollar Markets: Founders on Fast and Slow | Source Code Capital 2018 Ma Hui

Decoding the Rhythm of Entrepreneurship

Source Code Capital and Its Portfolio Companies Win 11 ChinaVenture 2017 Annual Awards

Create Lasting, Real Value

Lianjia's Zuo Hui: The Changing and Unchanging Real Estate Market

Decoding the Future of the Real Estate Market

Yimi Dida Closes Nearly $100 Million Series C Round, Existing Investor Source Code Capital Continues to Increase Stake

"Crowdfunding and crowdsourced logistics"

Decoding Huawei's Three Billboards | Source Code Capital Private School

Strategic focus, strategic investment, strategic breakthrough.

Fruit Retail Giant Pagoda Announces Completion of Series B Financing, Source Code Capital Helps Accelerate Growth

Opening up its entire supply chain and franchise partnerships, Pagoda grows together with the fruit industry.

Source Code Capital 2017: The Year of Establishing Our Footing

Never Settle

ByteDance Named World's Strongest AI Startup by CB Insights, Six Companies Announce Business Upgrades | Source Code Capital Briefing · December

【Source Code Capital Journal】Here we record our teammates' step-by-step progress, share the joy of growth, and look forward to an even brighter future.

Four Dimensions to Map Innovation Opportunities in InsurTech | Source Code Capital Internal Reference

InsurTech, the next big thing? Exclusive: Issue 9 of *Source Code Capital Internal Reference*

Source Code Capital Named Among Top 30 B2B Investment Firms in China for 2017

Top 30 B2B Investment Firms in China 2017

Ma Hui Ecosystem in August: Funding, Upgrades, and Honors | Ma Hui Chronicle

**Source Code Capital Chronicle**: A place to record our team's small steps forward, share the joy of growth, and look toward an even brighter future.

Mobile Going Global: Entrepreneurs Should Zero In on the Big Opportunity in Content Products | Source Code Capital Insights

"Mobile going global" has evolved over nearly a decade into a new phase of content going global. How can entrepreneurs catch the next big thing?

Hongjiang Zhang: AI Is the Next Big Opportunity for Chinese Startups

The world is experiencing a third wave of artificial intelligence, and this AI wave differs significantly from the internet boom. The internet was primarily driven by business models, whereas AI is propelled by technology itself.

Targeting Unicorns in the Consumer Upgrade Wave | Source Code Capital Insights

"Consumption upgrade" has become a sustained investment theme commanding capital markets' attention. How do we understand the underlying patterns behind this phenomenon, and how do we identify great consumer companies? Source Code Capital presents the third installment of its exclusive *Source Code Capital Internal Reference* series, based on its analysis and research.

Microsoft Research Asia's Zheng Yu: AI Applications in Urban Management and Business

AI and big data are racing to penetrate every corner of business and daily life. In the future, every company may be a big data company, an AI company — just as every company is now an internet company.

Jingbo Wang: In Finance, Operations Are What Make Licenses Valuable | 2017 Source Code Capital

On April 22, Jingbo Wang, Chairwoman and CEO of Noah Holdings, spoke at Source Code Capital's 2017 Ma Hui gathering, sharing with attendees across cohorts how to navigate the "three-year breakthrough period" in entrepreneurship.

Hongjiang Zhang Joins Source Code Capital as Venture Partner

Source Code Capital announced today that Hongjiang Zhang, former CTO of Microsoft Asia-Pacific R&D Group, former president of Microsoft Asia Engineering Institute, and former CEO of Kingsoft, has joined the firm as a Venture Partner.

Source Code Capital was ranked among China's Top 50 Best Venture Capital Firms, Top 20 Best Foreign Venture Capital Firms, and Top 10 Best Investment Firms in Tech Finance for 2016.

Source Code Capital ranked 50th on ChinaVenture's 2016 "China's Top 100 Best Venture Capital Institutions" list and 20th on the "China's Top 50 Best Foreign Venture Capital Institutions" list, and was named one of the top ten best investment institutions in China's tech finance industry for 2016.

Hui Fenqi Raises Another 230 Million Yuan as Rental Installment Market Enters Era of Giants

As the rental installment market matures and capital flows in, this startup — born from a simple frustration with how much of a hassle renting can be — is growing fast.

With AI, Yongqianbao Hit One Million Monthly Transactions

A monthly transaction volume of 1 million means roughly over 30,000 transactions per day — a new loan is originated on the Yongqianbao platform every three seconds. And many of the people initiating these loans have no credit cards and no access to traditional financial services...

Yi Cao Named "Investor of the Year 2016" by iBlack Horse

The 2016 Chuangye Heima Community Conference was held today in Beijing, where Yi Cao, founding partner of Source Code Capital, was named "Investor of the Year 2016."

Yi Cao of Source Code Capital Named Cyzone's 2016 China Angel Investor of the Year

Yi Cao emphasized that great companies and outstanding investors succeed by capturing the convergence of three peaks: "the right timing, the right place, and the right people."

Yijiupi Closes $100 Million Series C Round, Source Code Capital Backs E-commerce 'Dark Horse' in Alcohol Industry

The strong growth prospects that came with aligning with strategic investors undoubtedly became the most powerful tailwind behind Yijiupi's rapid completion of its Series C round.

Yi Cao: The More Cross-Disciplinary a Startup, the Higher Its Odds of Success

Just as gathering all seven Dragon Balls can summon Shenron, the more boundaries a startup crosses, the higher its odds of success.

Source Code Capital Named to 2015 China Best Foreign Venture Capital Firms Top 50

From April 11 to 13, 2016, ChinaVenture hosted the "2016 China Investment Annual Conference" in Shanghai, where Source Code Capital was named to the "2015 Top 50 Best Foreign VC Firms in China."

[Wuzhen] Source Code Capital's World Internet Conference Trip

The Second World Internet Conference opened on December 16 in Wuzhen, a waterside town in Jiangnan. Yi Cao, founding partner of Source Code Capital, was invited by the organizers to attend the event. Meanwhile, *Beijing News*, the conference's sole officially designated publication, named Source Code Capital the "Best Emerging Investment Firm of 2015."

Source Code Capital Wins Three Annual Awards from Top Venture Capital Institutions in 2015

Source Code Capital was named to Zero2IPO's "Top 50 Best VC Firms in China 2015" and "Top 10 Best Fintech Investors in China 2015." It also received ChinaVenture's "Top 10 Best Mobile Internet VC Investors of the Year in China."