Wanrong Zhao
赵万荣
Wanrong Zhao is an investor at Source Code Capital, which he joined in 2017 straight out of school, focusing on B2B/S2B and real-estate-aftermarket investments; before that he had worked or interned at McKinsey, Didi's strategic investment arm, and Kinzon Capital . Per Source Code Capital's own posts, he was the angel-round investor in — and later a board director of — building-materials distributor Zhangshang Fucai, backing its efficiency play against traditional distribution channels and its RMB 30 million Series A+ in 2019 . His most recent appearance in the corpus is a November 2021 comment on Source Code's bet on XR operating-system maker IrisView, where he framed the OS as indispensable to the future XR ecosystem ; elsewhere has no material on his activities since then.
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Semiconductor tech company **Raytron** announced the completion of a Pre-A funding round in the tens of millions of dollars. Source Code Capital was the sole investor in its angel round.
Specializes in Micro-LED microdisplay chip architecture design, process development, and monolithic full-color technology research.
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.
Growth, Growth, Growth, Growth, Growth, Growth, Growth, Growth, Growth
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Unlocking Real Estate Aftermarket Potential Through Industrial Internet | Source Code Capital Insights
Three converging waves: post-property traffic shifting from B2C-led to B2B-led, "one-stop procurement" reducing decision points, and prefabrication comprehensively reshaping the industry chain.
Source Code Capital portfolio company Zhangshang Fucai announced the completion of a RMB 30 million Series A+ funding round, with existing investor Source Code Capital continuing to increase its stake.
Zhangshang Fucai is a B2B online platform for construction finishing materials, gradually replacing the traditional offline distribution model represented by "building materials markets."
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.
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.






