Yi Cao Named to ChinaVenture-FT China Top 100 Investors of the Year 2016

On August 15, 2016, ChinaVenture's "China Investment Annual Conference 2016" was held in Shenzhen, where the "ChinaVenture 2016 China Best Investors" list was released. Yi Cao, founding partner of Source Code Capital, was named among the "China Top 100 Leading Investors."

Yi Cao has spent 11 years in the venture capital industry, focusing on TMT. His investments span multiple sectors, including e-commerce, information platforms, internet finance, gaming and entertainment, social communities, and O2O. Before founding Source Code Capital, he spent five years at Sequoia Capital.

Source Code Capital was founded in 2014, specializing in early-stage TMT investments. It currently manages $500 million USD and 1.5 billion RMB. Its limited partners include nearly 20 CEOs of publicly listed tech companies such as Xing Wang of Meituan and Yiming Zhang of ByteDance, as well as executives from BAT, forming an industrial capital investor alliance called "Ma Hui." Industrial capital will play an increasingly important role in the new economy ecosystem, and Source Code Capital is committed to combining industrial and financial capital efficiently to help innovative companies thrive.

Source Code Capital focuses on innovative sectors including new finance, industrial internet, service e-commerce, and digital globalization. Its portfolio companies include: new finance firms such as Qufenqi, GESAFE, Yinke, Yongqianbao, Ether Capital, Nongfenqi, and Suishou; industrial internet companies such as Yijiupi, Kakao, Youban, WeiMai, Baibu, and Ruigu; service e-commerce companies such as Meituan, Lianjia, CHJ Automotive, Jiaoer Waimai, Haibian, and MOGU; and digital globalization companies such as ByteDance, Mobimagic (360 Security), and Zenjoy.

Since its founding, Source Code Capital has received numerous prestigious awards, including: Zero2IPO's 2015 "Top 50 China Venture Capital Firms," 2015 and 2014 "Top 10 China Internet Finance Investment Firms," and 2014 "Top 10 Emerging China VC/PE Firms"; ChinaVenture's "2015 Top 10 China Best Mobile Internet Industry Strategic Investors," "2014 Top 10 China Best Emerging Venture Capital and Private Equity Firms," and "2014 Top 5 China Best Mobile Internet Industry Investors"; and Rongzi China's 2014 "China Emerging Investment Firm." Source Code Capital also serves as a council member of the China Internet Finance Association — the only early-stage investment firm to hold this position.