Heart Capital's Yan Han Named "China's Best Investor of 2025" | Heart News
Invest in China's tech with conviction.
Recently, the authoritative tech innovation service platform Qimingpian released its "2025 Top 100 Best Investors in China" list. Yan Han, founder of Heart Capital, was named "2025 Best Investor in China." Han graduated from the Department of Electronic Engineering at Shanghai Jiao Tong University, and previously worked as an engineer at Microsoft China and as a core member and consultant on McKinsey & Company's Telecommunications, Media, and High Technology research team. Over nearly two decades in venture capital, he has founded and managed two investment brands: Lightspeed and Heart Capital.
Across his nearly twenty-year global VC career, Han has become an early investor in numerous industry-leading companies, including MetaX (688802.SH) at the Pre-A round, Xpeng Motors (NYSE: XPEV, 09868.HK) and Full Truck Alliance (NYSE: YMM) at the A round, and FinVolution (NYSE: FINV) at the B round, alongside other successful early-stage investments such as LandSpace, Micro-nano Starry Sky, Xpeng Motors, Lanhu, Sunmi Technology, Polestones Auto, and Fan Deng Reading. Han has continued to deepen his focus on artificial intelligence and foundational key technologies, building a formidable position in AI computing power. In December 2025, MetaX, the domestic GPU chip company he backed at the Pre-A round, officially listed on the STAR Market, with its market capitalization surpassing 330 billion yuan. This successful IPO marks not only a milestone for MetaX's development but also a new phase for domestic GPU chips moving beyond "proof of concept" toward scale and commercialization. Previously, he also invested in Xi Wang, a full-stack self-developed computing chip enterprise. These investments reflect his long-term conviction in China's hard tech innovation and core technology breakthroughs.
Heart Capital is constructing an increasingly clear vision of the future along the trajectory of Chinese technology: starting from artificial intelligence and embodied intelligence, putting down deep roots in foundational pillars like chip semiconductors and controlled nuclear fusion, and expanding outward into the vast domains of aerospace and oceans. Faced with these grand propositions that will define the future, we will continue to seek out and support entrepreneurs with global vision and unwavering idealism, becoming their most steadfast companions on the journey.
In 2025, China's equity investment market has entered a new stage where full-chain recovery across "fundraising, investing, managing, and exiting" runs parallel with high-quality transformation. The precise deployment of policy dividends and the steady rebuilding of market confidence have formed a powerful synergy, not only injecting strong capital momentum into technological innovation and industrial upgrading but also catalyzing structural transformation across the industry ecosystem.
Beijing Qimingpian Technology Co., Ltd. is a tech innovation service platform that discovers and promotes technology companies, dedicated to helping them enhance brand influence and secure commercial partnership opportunities. It also provides data products for government agencies, financial institutions, large enterprises, and consulting firms to search for, identify, and connect with companies, while offering tools to improve management and efficiency for tech innovation enterprises.
Founded in 2022, Heart Capital is an early-stage venture capital fund focused on technology and digitalization in China. The team is primarily composed of Yan Han, founding partner of Lightspeed, core investors, a chief financial officer, and seasoned investors from industry backgrounds. The team's past investments include Xpeng Motors (NYSE: XPEV, 09868.HK) and Full Truck Alliance (NYSE: YMM) at the A round, MetaX (688802.SH) at the Pre-A round, as well as RoboSense (02498.HK), FinVolution (NYSE: FINV), LandSpace, Micro-nano Starry Sky, Huitian, Xi Wang, Polestones Auto, Sunmi, World Logistics, Baichuan, Yunmanman Cold Chain, Fan Deng Reading, Lanhu, and Starfield. Rooted in China with a global outlook, Heart Capital is committed to finding true value in non-consensus. It respects the value of "people" and champions the potential of the "heart," looking forward to accompanying more young Chinese entrepreneurs in strengthening China and going global.