Xingchen Zhang
张星辰
Xingchen Zhang is a Managing Director at Source Code Capital, where he joined as the first investment-team hire — the firm's "third employee" overall — in 2020 . He leads the "Yisu" (一粟) initiative, a dedicated team focused on discovering and backing early-stage tech founders from zero to one, operating with a "bet on the person" (投人) investment philosophy and autonomous decision-making authority . His portfolio work spans AI and industrial automation, including Mech-Mind Robotics' Series B+ round in 2020 , as well as enterprise services such as Dustess' Series A that same year . Source Code Capital's own materials frame him as a voice on tech-driven innovation and specialized, refined enterprise investment .
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Coverage
After Leaving TikTok, He Built a Viral Video Cloning Agent — NemoVideo Raises Nearly $10 Million from IDG and Jinqiu
The core is the productivity community.
MaHui Members Cloud Whale and DeepWise Named to 36Kr's 2023 36Under36 List
"Research and technology" were their most prominent labels this time around.
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 | Bill Xiong of Earth-2: Entrepreneurs Must Have Light
Holding yourself to a higher standard in business really isn't a bad thing.
Source Code Capital | The Guardian of "Wandering Earth," Diweier, Premieres Tonight at 8 PM with Conviction
Let's get to know Xiong Wei, a man of "endless exploration," and understand his vision and practice of "space robots."
Source Code Capital | Tonight: Dedao's Li Xiang, Shixiang's Guangmi, Chaoyue's Zhang Meng, Yisu Xingchen, and You — Let's Make Big Tech Predictions!
Source Code Capital | Source Code Capital Honored with "Top Investors and Investment Firms Across Ten Innovation Economy Sectors" Awards
MaKe | Belief Leap Livestream Returns Tonight at 8 PM
ChatGPT is the talk of Silicon Valley, but the buzz is theirs.
"Some people laughed. Some people cried. The vast majority fell silent."
Code Moment | Belief Leap Livestream: Six Years Into Entrepreneurship, I'm Still the Company's No. 1 Customer Service Rep
Source Code Capital | The "Galaxy" of Scientist Entrepreneurship
Code Moment | The Leap of Faith Live Room: Scientists' "Ocean of Stars" in Entrepreneurship
Source Code Insights | Source Code Capital's Dual-Carbon Investments: Exploring New Species Through Full-Industry-Chain Deployment
Source Code Capital | Guangmi Li: Choosing Entrepreneurship Was My Leap of Faith
Code Moment | Leap of Faith Live: From Gunner to Sailor — How to Drive the Great Voyage of Tech
Code View | A Day in the Life of Green Power
MaHui | Multiple MaHui Members Win Awards at HICOOL 2022 Global Entrepreneurship Competition
Code View | Yungang Huang: "Cross-Disciplinary Convergence" Drives Innovation in Healthcare
Source Code Capital | Xingshi Wang and Two Other Source Code Partners Named to ChinaVenture "2021 Investors of the Year" Lists
Code Moment | Leap of Faith Livestream: Taichi Graphics' Ethan Yuanming Hu and His Six Sharp Turns
The Real Entrepreneurial Journey of a Genius Overachiever
Code Moment | 2022 ZGC Forum Series — AI for Science: Co-Creating the Future, Now Open with Multiple Academicians
MaHui | Belief Leap Livestream: Still Wang Jianshuo
On Persisting with Sharing, and What Changes and What Endures in Technology and Investing
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.
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
Source Code Capital | Source Code Capital Makes the "2022 Most Founder-Friendly Investors / Investment Firms List"
Code Moment | Zero2IPO Releases *2022 "Specialized, Refined, Distinctive, and Innovative" Enterprise Investment and Financing Research Report*
Yungang Huang Named to "Top 10 Young Partners"
"Partner on the Entrepreneurial Journey"
Code Moment | Tonight at 8 PM, "Leap" Opens
MaHui Founder | Mech-Mind's Tianlan Shao: Some of My "Grassroots" Experience
Code Moment | Source Code Capital Launches Seed-Stage Investment Initiative
Bet on your leap of faith
Xingchen Zhang | Source Code Capital: A Single Grain of Conviction, Betting on Your Leap of Faith
Cross mountains and seas to discover a precious seed.
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 Moment | Metaverse UGC Platform "BUD" Closes $36.8 Million Series B Round, Existing Shareholder Source Code Capital Follows On
A New Generation of 3D UGC Social Platforms
Code Moment | "inCreate Zitu" Announces $5.4 Million Angel Round with Source Code Capital Participation
Accelerating the Digital Transformation of the Commercial Renovation Industry
Code View | Xingchen Zhang, Source Code Capital: Technology-Driven Innovation from Zero to One
Metaverse social platform "BUD" announced the completion of a $15 million Series A+ funding round, with Source Code Capital participating in the investment.
The Next Generation of UGC Social Platforms
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.
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.
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.
Source Code Capital portfolio company "Suplay" announced the completion of two funding rounds totaling over $10 million, with Source Code Capital as the sole investor in the Pre-A round
A designer-toy consumer platform spanning the full IP and distribution chain.
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.
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.
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.
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.
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.
Growth, Growth, Growth, Growth, Growth, Growth, Growth, Growth, Growth
Grow Into Who You Are
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.
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.
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.
Inclusive Finance in the New Economic Landscape | Code Brain Episode 11
As a complement to traditional finance, inclusive finance sits at one end of the capital chain, bearing immense liquidity pressure from shifts in policy and market conditions; yet it also sits closest to micro and small-business customers, giving it the fastest path to spotting new scenarios and finding market opportunities.
Internet public-decoration company **inDeco** announced the completion of a nearly 110 million yuan Series A and B financing round, with **Source Code Capital** leading the Series A.
In two years, it has served nearly 1,000 enterprises.
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.
Textile B2B platform Baibu announced the completion of a $100 million Series C2 funding round, with existing investor Source Code Capital continuing to increase its stake.
Building a better, more efficient, more transparent, and smarter flexible supply chain service system for apparel fabrics and accessories.
The Great To B Adventure
The true B2B adventurers have mostly become big winners.
Niu Technologies IPO Lands on Nasdaq; 3 Companies Close Funding Rounds; Code Brain Issue 8 Mines India | Code Brain Newsletter · October
【Source Code Capital Newsletter】Here we record the small steps forward taken by our team members, share the joy of growth, and look forward to an even brighter future.
4 Companies Close Funding Rounds, 7 Firms Undergo Strategic Upgrades: Code Brain Issue 7 Breaks Down WeChat Ecosystem and Mini Program User Acquisition | CodeHui Journal · August
【Ma Hui Journal】A place to record the small steps forward of our community members, share the joy of growth, and look toward an even brighter future.
Those Potholes We Hit Building Startups, Season 2 | Code Meetup 2018
Season two, the excitement continues.
Source Code Capital Wins Three Awards Including Top Investment Institution and Investor in China's New Finance Sector
Leading new-finance companies include: Qudian, Yongqianbao, INK Group, Suishou, Nongfenqi, Cijinrong, and Ether Capital.





























































