ZNLH
众能联合
ZNLH (众能联合) is a Chinese industrial-internet company that Source Code Capital backed from its Series B onward. Yang Tianli co-founded the firm and serves as its CEO . Source Code Capital led ZNLH's $50 million Series B in 2019 and continued to increase its stake through a cumulative RMB 3 billion Series C . Xingshi Wang, who joined Source Code Capital as partner in 2021, was the lead investor on the deal . The firm sits in a portfolio of industrial digitization bets that Source Code built from 2014 onward, alongside companies like Kaiyi, Yimidida, and Che300 .
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Coverage
Code Brain | 10 Insights on Sales Strategy Planning
Sales is a practical science, but it requires a clear understanding of the discipline first. You need to study your customers thoroughly and have a well-defined sales plan — only then can you *Whale* your way to victory from a thousand miles away.
Code Moment | ZNLH Closes Series D Round to Deepen Digital Push
Exploring New Engines for Construction Machinery, Charting New Paths for Industrial Upgrading
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'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.
Source Code Capital Closes $1 Billion New Fund Raise
Be the investment firm with the most entrepreneurial spirit
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.
Source Code Capital announced that Xingshi Wang has been appointed as partner.
Focus on long-term B2B investments in industrial internet, automotive and mobility, and other enterprise-facing sectors.
Source Code Capital portfolio company "Julive" announces completion of RMB 400 million Series C+ funding round, with existing shareholder Source Code Capital continuing to increase its stake
Operations span seven major urban clusters across 37 cities, having served more than 3 million households in total.
Source Code Capital portfolio company "Zoneneng United" announces completion of Series C with cumulative fundraising of RMB 3 billion; existing shareholder Source Code Capital continues to increase its stake
"The Zhongneng Model" — Powering Intelligent Transformation in the Construction Machinery Industry.
Let's meet today — I'll be waiting for you at the Shenzhen office!
Source Code Capital's Shenzhen office is now officially open, embedding itself at the cutting edge of South China's tech innovation and riding the new wave of smart manufacturing!
Source Code Capital announced that Wei Wang has officially joined as a partner.
After joining, Wang Wei will support Source Code Capital's portfolio companies on capital markets matters, drawing on his years of experience to empower companies with capital markets development needs.
Source Code Capital Closes RMB 3.8 Billion for Fourth RMB Fund
Late-stage investment, qualitative transformation, organizational capability
Source Code Capital Wins Multiple Awards in Zero2IPO's 2020 China Equity Investment Annual Rankings
Create Lasting, Real Value
HAI ROBOTICS, a logistics and warehousing robotics technology company, announced it has completed a financing round exceeding 100 million yuan, led by Source Code Capital in its Series B.
It has been deployed across 3PL, footwear and apparel, e-commerce, electronics, electric power, manufacturing, pharmaceuticals, and other industries.
Scent fragrance brand "Scentooze" announced the completion of a multimillion-yuan Pre-A funding round, with Source Code Capital as the sole investor.
With nothing more than a single render image, they hit 150,000 yuan in sales, and a presale planned for one month sold out in five days.
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.
Financial Opportunities in Industrial Internet | Code Brain Issue 13
The industrial internet is entering its "golden age," bringing new opportunities for financial empowerment and entrepreneurship.
Forbes Releases Major Rankings, Source Code Capital's Yi Cao and Yungang Huang Make the List
Create lasting, real value.
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
Standing Together to Weather the Storm — Source Code Capital and Code Club Members Rush Aid to Wuhan's COVID-19 Fight
"Isolate the virus, but never isolate love."
Xingshi Wang, Source Code Capital: Industrial Internet Innovation Through the Lens of Organizational Capability
Source Code Capital remains committed to creating lasting, tangible value, focusing on the challenges and uncertainties that member companies face as they scale from 1 to 100. And organizational capability building is one of the most critical factors determining whether a growth-stage industrial internet entrepreneur can achieve iterative expansion.
Where Are the Boundaries of Industrial Internet? | Source Code Capital 2019
"Knowledge Capital, Deep Practice" — at Source Code Capital's 2019 Ma Hui annual conference, the founders and CEOs of Xiaoyaoyao, Yijiupi, ZNLH, and YQN Logistics were invited to explore the boundaries and breakthroughs of industrial internet.
At the Doorstep of the Rental Economy | Source Code Capital Insights
Synchronous shifts on both the supply and demand sides are gradually pushing open the door to a rental economy.
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."
New-Style Premium Baijiu Brand "Kaishan" Closes Two Funding Rounds in Three Months, Led by Source Code Capital in A+ Round
Crafting "High-End Social Currency" for the New Elite
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
"ZNLH" announced the completion of a $50 million Series B funding round, led by Source Code Capital.
Building a Chinese version of United Rentals (NYSE: URI).
