Rongbao · July | Beibei Group Launches New Business Beicang, "Ronghui" Discusses Public Affairs Strategy...
Creating better life through innovation.
About Rongbao: Rongbao will be published monthly, curating noteworthy news and insights from Gaorong Ventures and its portfolio companies. Each issue shares just 10 items — including key funding updates and milestones, but also new trends, innovations, and perspectives. Just as Gaorong's vision is to "create" a better life, we believe every step of innovation brings infinite possibilities.
Social E-Commerce · Beibei Group Launches Beicang, Empowering Individual Entrepreneurs
On July 20, Beicang, a social e-commerce platform under Beibei Group focused on brand flash sales, officially launched. Beicang also partnered with over a thousand brand merchants to establish the "Beicang Global Authentic Quality Goods Alliance," jointly committing to consumers that every product sold on Beicang is "authentic quality merchandise."
According to reports, during its internal testing period of just over a month, Beicang attracted more than 1,200 brands, with an average of 82 new brands added daily. Within 30 days of internal testing, transaction volume reached 20 million yuan. Meanwhile, 150,000 sales associates have joined the platform. Zhang Lianglun, Chairman of Beibei Group, noted that Beicang integrates China's best brand sources through supply chain empowerment, aiming to provide comprehensive data and technology solutions for all associates. Going forward, Beicang will implement initiatives including the "Global Authentic Quality Goods Alliance," "Brand Escort Program," "Beicang Entrepreneurship Camp," and "Beicang Buyer Stores" to ensure high-quality service empowerment for associates and support their rapid growth.
AI · Dr. Shuicheng Yan Joins YITU as Chief Technology Officer
Recently, Dr. Shuicheng Yan, an internationally renowned expert in computer vision and machine learning, officially joined YITU as Chief Technology Officer.
Dr. Yan is an IEEE Fellow, IAPR Fellow, and ACM Distinguished Scientist. His primary research areas are computer vision, machine learning, and multimedia analysis. To date, he has published over 600 papers in top international journals and conferences, with more than 40,000 citations and an H-index of 98. He was named a "Thomson Reuters Highly Cited Researcher" in 2014, 2015, 2016, and 2018. Dr. Yan previously served as Vice President, Chief Scientist, and Dean of the AI Research Institute at 360 Group.
At YITU, Dr. Yan will lead the team to further strengthen the company's technical advantages in AI fundamental theory and original algorithms. He will provide robust technical support for YITU's commercial scenario deployment, promoting the company's integrated software and hardware solutions to more domains with greater customer proximity, competitive cost, and efficiency — driving industrial development and social progress.
Long-Term Rental Apartments · Danke Apartment Unveils "Smart Fresh Air" System, Leading Service Upgrade
On July 9, Danke Apartment announced the official launch of its self-developed "Smart Fresh Air System," a tailored air quality solution for rental housing.
The "Smart Fresh Air System" is the first of its kind in China's long-term rental apartment industry. Danke Apartment will gradually install fresh air equipment in all eligible properties. It represents one of the most feasible and effective measures currently available to address indoor air quality in rental housing, featuring advanced technology, significant results, simple operation, and economic viability. The introduction and promotion of the "Smart Fresh Air System" — combining source control with fresh air exchange — marks a potential resolution to the air quality issues that have long plagued the long-term rental apartment industry.
Robotics · Geek+ Completes Lead C1 Round Financing, AI-Driven Intelligent Supply Chain Services
On July 10, Geek+ announced the completion of a new industry-leading C1 lead financing round (Read more). This round was led by GGV Capital and D1, with follow-on investment from existing shareholders including Warburg Pincus.
Founded in early 2015, Geek+ is a globally renowned intelligent logistics robotics company dedicated to building the infrastructure and service network for smart logistics, driving AI-powered digital supply chain transformation. The company has experienced rapid growth in international expansion, successful case volume, and industry application diversity. Currently, Geek+ has shipped over 7,000 units total, successfully completed more than 200 projects, and achieved global business coverage, maintaining the top market share in Japan. In product development and production capacity, Geek+ leads industry trends, having pioneered the innovative RoboShuttle robotic picking solution and established its Nanjing factory, now in full production, providing stronger momentum for future growth.
Going forward, Geek+ will continue to actively drive industry development, evolving from logistics robotics to AI-driven intelligent supply chain services. Upholding its philosophy of "customer first, extreme innovation," the company will continue to empower agile and flexible supply chain systems, advancing the "machines assisting humans" direction worldwide.
Fresh Retail · Dingdong Maicai Strategic Partnership with Shanghai Farm to Enhance Agricultural Supply Quality
On July 20, Dingdong Maicai and Shanghai Farm — the largest modern agricultural production base outside Shanghai proper — announced a strategic partnership to provide consumers with safe, healthy, and traceable quality products from the source, jointly advancing the integrated transformation of Shanghai's agricultural production and sales, and promoting an online-offline integrated fresh retail model.
Liang Changlin, Founder and CEO of Dingdong Maicai, stated: "As a leading fresh retail company in China, Dingdong Maicai will play a leading role — empowering agricultural bases while sourcing healthy, safe, and delicious products for consumers from the origin, delivering Shanghai Farm's quality ingredients to millions of households through our efficient and complete supply chain system." Dingdong Maicai provides fresh grocery delivery in as fast as 29 minutes through 345 front warehouses. As of July 16, daily orders had surpassed 400,000.
Going forward, Dingdong Maicai will further extend to agricultural sources, implementing direct source procurement to ensure food safety traceability. Currently, the company has established direct source procurement partnerships with over 200 cooperatives and more than 3,000 farmers and breeders, covering categories including fruits and vegetables, meat and poultry, eggs, and live aquatic products.
Fintech · Insurance Big Data Risk Control Provider Zhanlüe Data Completes Nearly 100 Million Yuan Series B
Insurance technology company Zhanlüe Data announced the completion of a nearly 100 million yuan Series B financing round (Read more). This round was led by Lingfeng Capital, with follow-on investment from PPDai and other investors.
Zhanlüe Data is a technology company focused on health insurance risk control, serving insurance payers by providing enterprise-level big data risk control solutions for commercial insurance companies and insurance intermediaries. Its founding team members come from top Silicon Valley technology companies, with a core team comprising technical experts, insurance business specialists, and healthcare experts.
Unlike general fintech risk control providers, Zhanlüe Data focuses on a vertical track, deeply cultivating the health insurance sector and using digital technology and AI to serve insurance payers. The company has pioneered a "digital health insurance risk control closed loop" model, effectively coordinating data integration between public medical insurance and commercial health insurance, connecting operational stages including product design, underwriting, claims, and customer service to achieve joint dynamic risk control throughout the product lifecycle — providing digital empowerment for product design, rationalized pricing, and refined operations.
Currently, Zhanlüe Data has established risk control partnerships with multiple insurance companies, including China Life, PICC, China Taiping, CPIC, China United Insurance, China Continent Insurance, and Hannover Re.
Following this financing round, Zhanlüe Data will accelerate its national business expansion and strategic layout, further developing partnerships with upstream and downstream insurance institutions to consolidate its leading position in health insurance risk control.
Intelligent Operations · Bish Technology Raises Tens of Millions in Series A+, Continuing to Upgrade AIOps Platform
Bish Technology recently announced the completion of a tens of millions of yuan Series A+ financing round (Read more). This round was led by Gaorong Ventures, with follow-on investment from the National SME Development Fund managed by Oriental Fortune Capital, as well as existing shareholders Shunwei Capital and Future Capital.
Following this round, Bish Technology will continue accelerating the development of its platform-level intelligent operations product, enriching its AIOps algorithms, expanding its intelligent operations team, and further increasing customer value through its products and services.
Founded in late 2016, Bish Technology possesses strong research and technical capabilities, dedicated to building world-leading AIOps intelligent operations engines that empower the IT operations field with AI technology. The company has a top-tier algorithm team from Tsinghua University's Department of Computer Science; its core technical team comes from leading internet companies including Microsoft Research Asia, Alibaba, and Baidu, having published over 100 papers at top international academic conferences; and its sales, delivery, and product teams comprise senior experts with an average of more than 10 years of industry experience.
Starting in Q2 2019, the company began a major version upgrade of the Bish Intelligent Operations Platform, creating a professional, integrated, and powerful out-of-the-box intelligent operations platform supported by AI algorithms and knowledge graphs, with a unified algorithm framework encompassing unified data access, algorithm orchestration, intelligent analysis, data storage, and frontend display.
The Bish AIOps Intelligent Operations Platform has won recognition from multiple financial institution clients. In real-world IT operations scenarios, Bish Technology's intelligent operations algorithms have achieved over 90% accuracy in fault detection and localization, reducing mean time to resolution by more than 50%.
Ronghui · Salon on Public Policy and Public Affairs Strategy for New Economy Enterprises
On July 27, Gaorong Ventures' innovation community "Ronghui" hosted a themed salon on "Public Policy and Public Affairs Strategy" for new economy enterprises. The salon invited guests including Shi Dongwei, former Alibaba Vice President of Public Affairs and President of Qidi Blockchain Group, and Zhu Huaxin, Director of the Public Opinion and Public Policy Research Center at People's Daily Online, to share with Gaorong portfolio companies on topics including the macro policy environment, strategic architecture of corporate public affairs functions, and public affairs strategy for new economy enterprises.
The innovation community "Ronghui" is committed to providing entrepreneurs with top-tier industry insights and perspectives, and offering resource connections and strategic support for portfolio companies. Previously, "Ronghui" has organized multiple themed salons covering corporate strategy, capital operations, operations management, human resources, marketing, financial management, brand PR, equity incentives, and user growth.
Gaorong Sharing · China Media Investment Development Report (2019) Released
In July, Jiantou Huawen and the Enterprise Supervision Department of People's Daily jointly released the China Media Investment Development Report (2019). Now in its fifth consecutive year of publication, this report is China's first comprehensive research report on investment and financing in the cultural media industry. It is divided into four sections: "General Report," "Case Studies of Chinese Media Enterprises," "Case Studies of Chinese Media Investment Enterprises," and "Chronicle of Major Events."
In the investment enterprise case studies section, Gaorong Ventures analyzes how the internet and information technology are reconstructing the cultural media industry, drawing from its portfolio companies in online education and live streaming. These include Huike Group, Tarena, Kuaipeilian, and Magao Education in online education, as well as HUYA Inc. in live streaming.
Industry Recognition · Gaorong Ventures Wins "Top 3 China VC Funds by Returns" and Other Awards
At the 2019 China Fund of Funds Summit mid-year recognition hosted by the China Venture Capital Committee and China Fund of Funds Alliance, Gaorong Ventures was named to the Top 3 China VC Funds by Returns. Gaorong Ventures founding partners Chang Chen and Gao Xiang were listed on the 2019 "PEDaily TOP100" investors ranking. In the "2019 China Fund Partners Annual Series Rankings" released by Investment.com in partnership with the China Venture Capital Committee, Chang Chen was named to the Top 20 Best Investors of 2018-2019. On the Financing China 2018-2019 China Equity Investment Industry List, Gaorong Ventures received awards including Top 20 Best Investment Institutions in China's Internet/Mobile Internet Industry, and Top 10 Investment Institutions in China's 5G and IoT Industry.
