Xinlian Capital

Xinlian Capital (芯联资本) is a strategic investment firm co-founded by Yuan Feng, who also serves as chairman of Xinlian Power (芯联动力) . The fund appears to operate with a tight industry linkage: Yuan Feng's dual role suggests it sits at the intersection of semiconductor manufacturing and capital deployment, a model increasingly common among Chinese hard-tech funds that anchor investing around supply-chain depth rather than pure financial return .

Elsewhere's corpus shows Xinlian Capital making at least two disclosed bets. It joined the Pre-A round of Fangqing Tech (昉擎科技), an AI chip and system architecture developer, alongside a major internet conglomerate and Yima Capital (翌马资本) — the industrial fund of Hundsun Electronics . It also appeared in the $120 million Series B1 for D-Robotics, listed among "strategic investment institutions" in a round crowded with auto-industry capital (BAIC Industry Investment, Ningbo Gaoxin) and semiconductor-linked funds .

The fund formally launched in September 2024, according to 暗涌Waves' year-end investor survey, which pictured its opening ceremony and quoted Yuan Feng on balancing "global vision" with "deep cultivation of local supply chains" . Elsewhere has not covered material on Xinlian Capital since late 2025.