Zero2IPO
清科创业
Zero2IPO (清科创业, part of 清科集团) is a China private-equity industry services firm best known as the sector's ranking authority — its research arm, Zero2IPO Research (清科研究中心), has published the annual China VC/PE rankings every year since 2001, most recently the 25th edition in December 2025, drawing on its proprietary Pedata (私募通) SaaS database to score firms on fundraising, investment, and exits . It was founded by Gavin Ni (倪正东), who serves as chairman of Zero2IPO Group and chairman/CEO of Zero2IPO Holdings . Beyond rankings, the group also co-invests — Zero2IPO Holdings joined the nearly RMB 200 million Series A of financial AI company Xuntu Technology in March 2026, per Qiming Venture Partners — and co-publishes industry research, such as a 2017 B2B trading platform report with Source Code Capital . In practice its year-end list functions as an industry scorecard: Qiming touted breaking into the top three VC firms for the first time in the 2025 edition , while Source Code Capital and Oasis Capital both publicized their 2024 placements .
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Coverage
Dalton Venture's Sun Qi: Focus, Steady Rhythm, Multiple Paths — Actively Positioning Through the Cycle | Dalton Insights
On July 3–4, 2025, **the 19th China Fund Partners Conference, co-hosted by Zero2IPO and PEDaily, was held in Shanghai**. This year's gathering brought together capital leaders to discuss industry trends, examine the latest dynamics in China's LP market, and explore the path forward for venture capital in a new cycle. **Dalton Venture founding and managing partner Sam Sun was invited to join the roundtable forum *"Cycle Positioning, Investment Strategies"*** to exchange views with fellow guests on the evolution of investment cycles and responsive strategies.
Qiming Venture Partners' Duane Kuang, William Hu, and Alex Zhou Named to PEDaily's 2025 TOP100 Investors List
The awards have been held for ten consecutive editions, becoming a window into observing industry shifts, with the aim of selecting 100 outstanding investors who have delivered strong investment performance while also driving progress in China's venture capital landscape.
Dalton Venture's Sun Qi: Building Confidence Through Cyclical Swings, Riding Out Industry Ups and Downs | Dalton Insights
As winter fades and spring arrives, China's venture capital industry's annual opening gala convened as scheduled. On February 28, 2025, the "PEDaily 100" hosted by Zero2IPO and PEDaily took place in Sanya, bringing together the investment community to take the pulse of an unprecedented 2025. **Dalton Venture founding managing partner Sam Gao** was invited to participate in the roundtable discussion ***Healthcare Investment: Against the Current***, sharing Dalton Venture's positioning and thinking in the healthcare sector.
MaHui Members Make Zero2IPO's 2024 VENTURE50 List
Source Code Capital Earns Zero2IPO 2024 China Top 20 Venture Capital Firm and Multiple Rankings
MaHui | Multiple MaHui Members Named to 2023 Venture50 Lists
"MiniMax" Named to 2023 VENTURE50 "Digital Technology" and "Emerging Companies" Lists | Oasis Capital Vitality
Counselor Vitality
5Y Capital's Kai Liu: Tech Investing Should Create Flywheel Effects That Ultimately Benefit Everyone | 5Y View
The New Paradigm of Hard Tech Investment
Code View | Source Code Capital's Yiwen Hao: Helping Entrepreneurs See Farther, Deeper, and More Precisely
How VCs Can Navigate Uncharted Territory
Linear Capital Wins Zero2IPO "Top 30 Early-Stage Investment Firms in China 2023" and Other Awards
From December 13 to 15, the 23rd China Equity Investment Annual Forum, hosted by Zero2IPO Group and PE Daily, was held in Shanghai. On the 15th, Zero2IPO released its annual China equity investment rankings — the 23rd consecutive year it has done so since 2001. On this year's list, Linear Capital was once again named to the **"Top 30 Early-Stage Investment Firms in China 2023"** and also received **"Top Investment Firm in China's Digital Economy 2023"**...
BlueRun Ventures' Jui Chan Named to PEDaily's 2023 TOP100 Investors
Support founders who refuse to be defined and dare to go first.
Yunqi New Energy and Digitalization Forum Held in Changzhou | Yunqi Ecosystem
Connecting portfolio companies with industry leaders to drive deep integration between innovation chains and industrial chains.
MaHui | Nearly 20 MaHui Members Named to PEDaily's 2022 Venture50
Linear Capital Wins Zero2IPO "Top 30 Early-Stage Investment Firms in China 2022" and Other Awards
From December 21 to 23, the 22nd China Equity Investment Annual Forum was held in Shenzhen, hosted by Zero2IPO and Investment.cn. On the 23rd, Zero2IPO's research arm released its annual China equity investment rankings — the 22nd consecutive year the firm has published the ranking since 2001.
Yunqi Capital Earns Multiple Honors Including Zero2IPO "China's Top 5 Early-Stage Investment Firms" | Yunqi News
Resilient Growth, a Promising Future Ahead
The Essential GP Skillset Today: Reading Policy, Reading the Macro Trend, and Getting the Timing Right | Dalton Insight
China's past economic growth was bought with high-intensity input of production factors. The only way to break through going forward is to use technology to transform production relations and shift toward high-quality development.
The worse the market gets, the more GPs want LPs to have the guts to deploy capital.
GPs need to buckle down and get the work done — happily.
Code Moment | Zero2IPO Releases *2022 "Specialized, Refined, Distinctive, and Innovative" Enterprise Investment and Financing Research Report*
Source Code Capital's Dandan Chen Named to PEDaily's "S50 Women Investors" List
A Tribute to All the Amazing Women
