The Fourth Annual Ma Hui Conference Successfully Held, CEOs Gather to Share Entrepreneurship Insights, Four Companies Announce Completed Financing Rounds | Ma Hui Journal · April
Four years since Source Code Capital's founding, the many member companies of the Source Code family have grown into a thriving forest. Ma Hui has also become a platform for Source Code Capital's LPs, partners, and entrepreneurs to exchange ideas. *Ma Hui Chronicles* records the incremental progress of our friends, shares the joy of growth, and looks forward to an even brighter future.
To
Our
Readers
Four years since Source Code Capital's founding, the family of portfolio companies has grown into a thriving forest, and Ma Hui has become a platform for our LPs, partners, and entrepreneurs to connect. Ma Hui Journal is here to record every step of progress, share the joy of growth, and look forward to an even brighter future.
April
Ma
Hui
Journal
Briefing
「Financing」
Yimi Dida announces completion of 500 million RMB Series C round
Existing shareholder Source Code Capital continues to increase its stake
Nongfenqi completes several-hundred-million RMB Series C round
Existing shareholder Source Code Capital continues to increase its stake
Meituan signs agreement to fully acquire Mobike
ErGeng completes 120 million RMB Series B3 round
「Upgrades」
Meituan to partner with Baidu on unmanned food delivery
First order may land in Xiong'an
Lianjia launches open platform "KE Holdings"
Rental segment has already integrated 400+ brands
Ziroom partners with 5 major internet brands
To jointly launch the sixth season of the Swallow Plan
Hai Feng Education launches "Cape of Good Hope" AI system
Making personalized teaching possible
Baoxianshi integrates with Cloud Quick Pass
Edianzu launches 4-hour on-site service
New rental model with flexible leasing and returns
Pagoda signs Japanese agricultural expert Masaki Kotsuki
「2018 Ma Hui Annual Meeting Quotes」
Zuo Hui: The digitization of real estate industry data online represents a massive future opportunity.
Wang Chaocheng: When your business and cash flow are stable, you must run for your life.
Zheng Wencheng: Every offer goes through my careful review before confirmation.
Wang Weihua: The insurance industry is a ten-trillion-level market, growing more than 10% annually.
Zheng Yubin: In China's supermarket industry, large-scale modern supply chain enterprises will emerge upstream.
Gao Yang: B2B is a highway; S2B is a forest.
Li Meng: Having algorithms and data — that's the core of evolving from B2B to S2B.
Li Lei: If you're not certain you can be number one at something, replace it immediately.
Wang Peng: Strategy is based on values — why are we building this company in the first place.
Zhou Jian: After solving capability issues when hiring executives, you still need to check whether they love the industry and can integrate into the team.
「Honors」
Global investment "Oscars" announced
Source Code Capital's Yi Cao makes the list
Forbes 2018 Global Best Investors List
Source Code Capital and portfolio companies
Win 11 ChinaVenture 2017 annual awards
Pagoda shortlisted for retail's Oscar
"High-Growth Chain Brand of the Year"
Huishoubao makes 2018 China
Most Investable Rising Star Enterprises Top 100
Hai Feng Education founder and CEO Zheng Wencheng
Wins Chinese Influential Education Figure award
KnowLeGene, Moran AI make
Xtecher Top 100 "Most Valuable" Tech Projects list
1
Milestone
Yimi Dida announces completion of 500 million RMB Series C round
Existing shareholder Source Code Capital continues to increase its stake
On April 23, Yimi Dida officially announced the completion of its 500 million RMB Series C round, led by Sino-Ocean Capital and Hopu Investment, with Prologis and Source Code Capital continuing to follow on.
Lucky Yang, founder and CEO of Yimi Dida, stated that this round of funding will be used to further advance Yimi Dida's national network construction, build an efficient, high-quality operations system, deepen end-delivery service capabilities, develop diversified supply chain financial services, strengthen platform information system support capabilities, and build a symbiotic and mutually beneficial logistics ecosystem.
Source Code Capital Investment Vice President Lü Yuemei noted that the express freight sector is still in its early stages, and national express freight network companies have tremendous potential. Yimi Dida represents new models and new technologies — lower costs and higher efficiency. In an era of rapid change in commercial flows and logistics, Yimi Dida has demonstrated flexible and agile adaptability, continuously building a future-oriented network that can aggregate more industry resources.
2
Nongfenqi completes several-hundred-million RMB Series C round
Existing shareholder Source Code Capital continues to increase its stake
On April 8, "Nongfenqi," a leading domestic agricultural services company, formally disclosed that it had completed a several-hundred-million RMB Series C round. This round was led by ZhiYi Capital, with BAI, Yonghua Investment, Shunwei Capital, Source Code Capital, ZhenFund, InnoVen Capital, and others following on. China Renaissance served as the exclusive financial advisor for this round.
In addition to continued expansion of business scale and strengthening of agricultural service channel advantages, the Series C funding will continue to deeply explore market potential in the agricultural materials sector, integrate advanced agricultural technology and university research resources, and build the "Nongfenqi Future Agriculture Laboratory."
Source Code Capital Investment Vice President Sun Tong stated: "Nongfenqi quickly entered agricultural production scenarios through financial services, and in the process built a powerful ground network. Through efficiency improvements and empowerment, it has gradually penetrated value points upstream and downstream in the industry chain. Rapidly growing business data gives us even more confidence in Nongfenqi."
3
Meituan signs agreement to fully acquire Mobike
On April 4, Meituan and Mobike jointly announced that they had signed an agreement for Meituan's full acquisition of Mobike. Through this acquisition, Meituan and Mobike will provide users with a full-scenario consumption experience, jointly fulfilling the mission of "helping people eat better and live better."
Meituan CEO Xing Wang stated: "Mobike is a rare truly original Chinese creation, a brand with genuine design sensibility that promotes green transportation and low-carbon living, with enormous social value. I thank Mobike's outstanding team — they were not only the pioneers of smart bike-sharing but also successfully exported this Chinese innovation overseas. Meituan is optimistic about Mobike's development and the future of smart mobility, and will fully support Mobike in continuing to adhere to technological innovation, bringing users quality products and services, and through business and scenario integration, creating a better life for consumers." Mobike will maintain independent branding and independent operations going forward, continuing to provide better service to Mobike users while maximizing protection of user and partner rights and interests, and continuing to create value for the industry.
4
ErGeng completes 120 million RMB Series B3 round
On April 1, ErGeng formally announced the completion of its Series B3 round, with funding of 120 million RMB. This round was jointly led by Xiongniu Capital and Kunyan Capital, with Qianhai Equity Investment FOF following on. ErGeng was founded in Hangzhou in 2015. Over three years, ErGeng grew from a Hangzhou local company to establishing more than ten branch offices nationwide, and from a single new media entity to a comprehensive ecosystem covering media, education, film, cultural creativity, and cloud platforms. This round marks ErGeng's fourth funding round in its three years since founding, demonstrating not only rapid and stable development but also repeated recognition and favor from capital markets.
Currently, ErGeng Media, a subsidiary of ErGeng Group, has established a content brand matrix including ErGeng Video, ErGeng Canteen, More City, More Entertainment, mol Moore Fashion, Fanyin Studio, and more than 40 others, having produced over 5,000 video works viewed more than 30 billion times globally, with daily video plays reaching 60 million.
what's new
1
Meituan to partner with Baidu on unmanned food delivery
First order may land in Xiong'an
On April 19, Baidu held a press conference in Beijing to officially release Apollo 2.5. At the event, a Baidu employee told media that Meituan and Baidu had reached an agreement to pilot unmanned food delivery in Xiong'an.
In actual operation, unmanned food delivery will not follow the traditional point-to-point order pickup and delivery model, but rather lean toward batch delivery — perhaps not as fast as point-to-point, but with improvements in safety, personnel allocation, and cost. Landing scenarios will lean more toward enclosed and restricted areas.
2
Lianjia launches open platform "KE Holdings"
Rental segment has already integrated 400+ brands
On April 23, Lianjia officially released the new app "KE Holdings," a platform encompassing second-hand homes, new homes, rentals, and home renovation. It is reported that KE Holdings will open resources and online capabilities, aggregating and empowering quality service providers across the industry to build a quality living services ecosystem, providing comprehensive living services including second-hand homes, new homes, rentals, and home renovation.
Furthermore, KE Holdings will inherit and upgrade Lianjia.com's product technology, quality control, and data mining capabilities, continuing to iterate the "Building Dictionary," developing innovative technologies such as VR home viewing to provide consumers with better service experiences. Through visualization of online transaction processes, offline closed-loop services, and platform guarantees, it will provide security for more consumers.
KE Holdings will also build a service provider credit evaluation system to help consumers select quality service providers. Through empowerment across marketing, operations, supply chain, technology data, finance, transactions, and other dimensions, it will enable quality service providers and brands to better develop within the platform ecosystem.
3
Ziroom partners with 5 major internet brands
To jointly launch the sixth season of the Swallow Plan
On April 24, 2018, the sixth season of the "Ziroom Swallow Plan" for 2018, initiated by Ziroom — an O2O technology company in the living space brand — officially kicked off. The Swallow Plan is Ziroom's most important corporate social responsibility project each year, aimed at providing new college graduates entering society with specialized support including monthly rent payments and deposit waivers.
Since its launch in 2013, the Swallow Plan has run for five consecutive years, benefiting 500,000 graduates from 1,000 universities worldwide, with rental deposit waivers exceeding 200 million RMB. This year, the sixth season of the Ziroom Swallow Plan will partner with DiDi, Tencent Video, Trip.com Group, Lagou.com, and Dedao App, among other internet brands, to provide new college graduates worldwide with one-stop specialized support worth over 300 million RMB across housing, transportation, entertainment, travel, career, and knowledge domains, empowering global college graduates to soar bravely.
4
Hai Feng Education launches "Cape of Good Hope" AI system
Making personalized teaching possible
On April 23, Hai Feng Education, a top domestic K12 online education platform, held its "AI Empowerment · Learning Plus" intelligent learning upgrade conference at the Park Hyatt Beijing. At the conference, Hai Feng Education formally announced its new brand slogan — "Technology-Driven · Personalized Teaching." At the same time, it heavily launched "Cape of Good Hope," the first landed AI application achievement in the K12 online education sector.
At the intelligent learning upgrade conference, Hai Feng Education founder, CEO, and chief homeroom teacher Zheng Wencheng stated: "The Hai Feng Intelligent Learning Center is a smart learning system independently developed by Hai Feng Education, built through four years and over 100 million RMB in continuous R&D upgrades. To further leverage the advantages of Hai Feng Education's original 'intelligent teaching + human teaching' dual-engine teaching model, the 'Cape of Good Hope' AI system was born. Its unique features lie in four aspects: AI empowerment, enabling every teacher to precisely grasp students' learning emotions and focus levels; AI motivation, enabling every child to sustain focus on classroom learning; AI intelligent monitoring of teaching processes, making classrooms more transparent and giving parents greater peace of mind; AI intelligent analysis of every class, continuously outputting classroom improvement recommendations, putting personalized teaching into practice.
5
Baoxianshi integrates with Cloud Quick Pass
Recently, ChinaPay (UnionPay Electronic Payment) partnered with well-known third-party insurance service platform "Baoxianshi" mobile app to be among the first to integrate with UnionPay's "Cloud Quick Pass." According to Analysys Qianfan big data analysis from September 2017, Baoxianshi's mobile platform far exceeded competitors in user scale and user loyalty, firmly holding second place in the third-party insurance service platform industry behind Ping An Life.
Currently, the "Baoxianshi" mobile platform has made "Cloud Quick Pass" its recommended payment method for users. After this powerful partnership, the mobile platform is expected to hit new market targets this year, maintaining second place and contending for first. All users who log into the "Baoxianshi" mobile platform and purchase any insurance product through "Cloud Quick Pass" will also receive surprise discounts.
6
Edianzu launches 4-hour on-site service
New rental model with flexible leasing and returns
On April 13, at its "Service Product Upgrade Conference," Edianzu formally announced that IT service would achieve 4-hour on-site repair and resolution, while also breaking industry conventions by launching a new model supporting flexible leasing and returns for brand-new computers.
This Edianzu service upgrade has three main aspects: First, service guarantee upgrades, providing dual warranty service standards from original equipment manufacturers plus Edianzu. Second, service quality upgrades — when customers call the 400 service hotline for IT repairs, Edianzu provides 10-second phone response, 1-hour backup equipment arrival, and 4-hour on-site repair and resolution. Third, providing professional IT desktop operations and maintenance services for enterprises, helping enterprises solve office equipment warranty and IT operations issues in one stop.
Furthermore, Edianzu's "brand-new computers support flexible leasing and returns" product will officially launch soon. The product includes both the independently developed QuickPC E series and the addition of Dell Latitude 3490 series, with ultra-low rental prices as low as 85 RMB/month. This initiative creates a new model for office computer leasing, compared to the previous approach where only non-new machines could be flexibly leased and returned, building a more attractive product between enterprise staffing flexibility and brand-new equipment needs.
7
Pagoda signs Japanese agricultural expert Masaki Kotsuki
Recently, Pagoda formally reached cooperation with Japanese agricultural expert Masaki Kotsuki, who will become a contracted expert for Pagoda, providing comprehensive consultation and guidance for agricultural production at Pagoda's planting bases.
To ensure optimal air, soil, climate, and water quality at the source of fruit production, unlike the industry's typical direct base sourcing approach that merely involves purchasing at the base end, Pagoda adopts a more precise and efficient control method — direct base sourcing starts from planting, from soil improvement, implementing source management of fruit production quality at the base. This cooperation with Kotsuki is also based on this philosophy. Kotsuki is a renowned expert in Japanese agriculture who has devoted over 20 years to researching organic cultivation in Japan, using crop physiological and chemical properties to cultivate crops, thereby improving crop yield and quality.
Quote
Zuo Hui (Chairman, Lianjia)
There's an important trend: online-ization. In my view, real estate is one of the last or final few industries in China undergoing difficult online-ization. Why so difficult? Because the entire chain is too long. Under such circumstances, truly driving consumers toward substantial online consumption is quite challenging. This is the PV and UV data we see behind every real estate transaction. From Lianjia's data, every transaction corresponds to 10,000 PVs, and in Beijing, 20,000 PVs. This far exceeds the industry average of roughly 3,000 PVs. This means that the first generation of online users and related data in real estate is emerging — this is the beginning of real estate online-ized transactions. Many industries today, from manufacturing to trading platforms to services, have undergone a process of data online-ization, and we ourselves feel this represents a massive future opportunity.
Wang Chaocheng (Founder & CEO, Yijiupi)
You need to clearly understand how much money is in your accounts, and match your development speed accordingly. I'm a relatively conservative person — investors like to talk about 18 months of cash flow, and we have more than enough. Overall, "fast" differs by industry, relates to competition, and requires balancing business quality with cash flow. If the company goes bankrupt, being fast is meaningless. When your business and cash flow are stable, you must run for your life. Actually, there's no such thing as regional internet or category internet — internet is platform-based, national.
Zheng Wencheng (Founder & CEO, Hai Feng Education)
Currently at Hai Feng, I interview people at two reporting levels — everyone must be personally interviewed by me, and every offer is carefully reviewed and confirmed by me. If there are issues, I raise them. Regarding executive recruitment, Yungang often recommends good talent to me. Chatting with candidates until midnight — there's no problem spending more time on such good talent. This is the most worthwhile investment during a CEO's rapid growth phase. We need to learn from the management approaches of currently strong operations internet companies, and figure out new methods suitable for our industry. How to solve this problem is the hardest thing I think about every day.
Wang Weihua (Founder & CEO, Baoxianshi)
The insurance industry is a ten-trillion-level market, and annual growth exceeds 10% every year, with original premium growth exceeding 20% annually — that's trillion-level. I think among all industries, such growth rates are relatively rare. And in the process of several trillion RMB in annual original premium growth, Baoxianshi is a platform providing services and help, serving those at the very bottom who create this multi-trillion market — insurance agents who were once considered "frauds."
Zheng Yubin (Founder & CEO, Zhangshangkuaixiao)
So I believe that in China's supermarket industry, large-scale modern supply chain enterprises will emerge upstream in the future — this is a very certain opportunity. Yesterday at the new consumption forum we were discussing something: we found that consumer demand fragmentation is very evident, with head brands' share continuously declining and small-but-beautiful brands' share continuously rising. Imagine five years from now, when a large proportion of the consumer goods market will be occupied by small-but-beautiful brands with very precise user definitions. The probability of future national brands like Rejoice emerging will become increasingly small, meaning fewer and fewer brands will have the capability to independently build national distribution networks or complete channel matrices. Therefore, infrastructure like fast-moving consumer goods B2B platforms will become increasingly rigid.
Gao Yang (Founder & CEO, Ruigu)
S2B and B2B are linguistic distinctions — in my eyes, the essential difference is that B2B is a highway, while S2B is a forest. So-called highway: B2B connects point-to-point product sales connections. Whether self-operated or matchmaking, buying from upstream and selling downstream — the essence is product transactions. S2B is a forest, and in a forest there must be a natural ecosystem with water, air, and meat, giving downstream B-end enormous capabilities.
Li Meng (Founder & CEO, Xiaoyaoyao)
With internet tools, having algorithms and data — that's the core of evolving from B2B to S2B. Helping them with facial recognition, member management, finance, helping them build a good ecosystem — this goes a step further than simply selling goods and making deliveries. When data accumulates to a certain degree, through algorithms, so-called C2M and C2B can emerge. This is a step-by-step evolution process, with the core foundation being technological revolution and scientific progress.
Li Lei (Founder & CEO, Hui Fenqi)
We were founded on December 10, 2014. Initially we wanted to build an internet intermediary in the rental space. Although I personally visited hundreds of traditional intermediary companies, my understanding of the industry wasn't deep at the time — I thought the industry was too "low" and had to be eliminated. This was my immature thinking at the time. I misjudged my team's and my own capabilities; my understanding of society and the world was perhaps inadequate, thinking things weren't that complex and difficult. But two things happened at the time: first, iwjw raised a lot of money and grew extremely fast — so fast I couldn't even imagine it; second, another giant also launched a new rental brand. Later, my team and I concluded that if we weren't certain we could be number one at something, we had to replace it immediately. Finally, we concluded that in this industry, finance comes first, then transactions. Facts proved that the B2B2C rental business underwent massive market testing in 2015-2016, and many were abandoned by the market.
Wang Peng (Founder & CEO, Juli Xinfang)
First, strategy must be thoroughly thought through — strategy is based on values, why are we building this company in the first place. Before entrepreneurship, I worked in real estate for many years and felt two pain points. First, developers were increasingly exhausted selling houses — it was obvious that developers were concentrating from low turnover to high turnover, with low-turnover developers quickly dying and high-turnover developers rapidly growing, and high turnover required fast sales and quick capital recovery, with increasing pressure. Second, homebuyers' pressure was also increasing. In the previous twenty years, homebuyers were mainly driven by investment demand — in Beijing and Shanghai there was a saying "get on the bus first," buy with whatever money you have. Investment demand is a single decision point, looking only at return on investment, not whether it's suitable for living.
Zhou Jian (Founder & CEO, Nongfenqi)
In agriculture, particularly capable people indeed have no capability issues, but once they actually enter the industry, they don't last very long. Our most painful experience was probably in 2016-2017 when we were fundraising — we had just changed CFO, with good capabilities, having worked at Big Four and as CFO at a listed company. But after all executives landed and spent a week in the countryside, they immediately resigned upon return, right during the company's critical fundraising period. In summary, at the time when hiring executives, after solving capability issues, we didn't consider whether they could love the agriculture industry, whether they could integrate into this team, causing many early oversights and mistakes.
Honor & Awards
1
Global investment "Oscars" announced
Source Code Capital's Yi Cao makes the list
Forbes 2018 Global Best Investors List
The "Oscars" of the global investment field — the 2018 Forbes Midas List — was announced the evening of April 3, U.S. time. Among the 100 top global investors on the 2018 list, 17 had Chinese backgrounds. Source Code Capital founding partner Yi Cao received this heavyweight award this year, also the youngest entrant on this list. The Forbes Midas List takes its name from the ancient Greek King Midas who could turn stone to gold, and is also known as the "Golden Touch" list. Its annual release is called the "Oscars of the venture capital world." The "Golden Touch" list has always been known for professionalism, rigor, and authority, synonymous with venture capitalists "with the most discerning eyes who can earn excess returns."
2
Source Code Capital and portfolio companies
Win 11 ChinaVenture 2017 annual awards
On April 24, the "12th China Investment Annual Summit" hosted by ChinaVenture was held in Shanghai, with the "ChinaVenture 2017 Annual" list released simultaneously. In this list release, Source Code Capital and Source Code Capital portfolio companies won a total of 11 awards.
Source Code Capital won:
ChinaVenture 2017 "China Best Return VC Institution TOP10" (TOP10)
ChinaVenture 2017 "China Best Foreign VC Institution TOP50" (TOP9)
ChinaVenture 2017 "China Best VC Institution TOP100" (TOP21)
ChinaVenture 2017 "China Technology Finance Industry Best Investment Institution TOP10" (TOP10)
Source Code Capital founding partner Yi Cao won:
ChinaVenture 2017 "China Best VC Investor TOP100" (TOP21)
Source Code Capital portfolio companies Lianjia.com, Ziroom, Qudian, Pagoda, Hai Feng Education, and Huishoubao respectively won the following awards:
Lianjia.com: ChinaVenture 2017 "China Internet Industry Best Life Services Investment Case TOP10" (TOP3)
Ziroom: ChinaVenture 2017 "China Internet Industry Best Life Services Investment Case TOP10" (TOP10)
Qudian: ChinaVenture 2017 "China Internet Industry Best Exit Case TOP10" (TOP7)
Pagoda: ChinaVenture 2017 "China New Consumption Industry Best Investment Case TOP10" (TOP1)
Hai Feng Education: ChinaVenture 2017 "China Culture, Sports & Entertainment Media Industry Best Education & Training Investment Case TOP10" (TOP5)
Huishoubao: ChinaVenture 2017 "China Internet Industry Best Internet/Mobile Internet Investment Case TOP10" (TOP6)
3
Retail's Oscar
Pagoda wins "High-Growth Chain Brand of the Year" grand prize
The 2018 Linkshop Conference was held in Hangzhou on April 12-13, with the theme "Asking the Channel," exploring retail channel and model transformation. At the conference, besides heavyweight shares from multiple retail industry entrepreneurs including RT-Mart Chairman Huang Mingduan demonstrating the evolution of retail channel patterns, the Linkshop Conference's biennial China Retail Commercial Langya List, known in the industry as "retail's Oscar," was formally announced.
Linkshop, as China's number one authoritative retail portal, used six major awards at the 2018 Linkshop Conference — "Style Figure of the Year, China's Good Store, Excellent Store Manager, Most Influential Commercial Project of the Year, Chain Brand of the Year, and Top Ten Service Providers" — to recognize enterprises, stores, and individuals that have forged ahead in recent years. Among them, Pagoda, based on its recent new developments in chain store systems, won the new generation retail commercial Langya List "High-Growth Chain Brand of the Year" grand prize at the awards ceremony held the evening of April 12. Yonghui Superstores, LAWSON, and other outstanding well-known brands also received awards.
4
Huishoubao makes 36 Strategies · Hurun Report
2018 China Most Investable Rising Star Enterprises Top 100
On April 19, the 36 Strategies · Hurun Report China Tour "Star Power Awards Ceremony" was held in Shenzhen, heavily releasing the "2018 China Most Investable Rising Star Enterprises Top 100," aiming to discover the most investable future unicorns in various subdivided fields. As a leading player in the mobile phone recycling field, Huishoubao was honored to make the list.
It is reported that for this selection, the Hurun Research Institute spent one year visiting over 5,000 rising star enterprises nationwide, conducting comprehensive assessments based on multiple dimensions including business model, team management, enterprise scale, growth speed, funding stage, industry leadership, enterprise risk resistance, media attention, personnel composition, and user reputation. Huishoubao's inclusion in this list was also within expectations.
5
Hai Feng Education founder and CEO Zheng Wencheng
Wins Chinese Influential Education Figure award
On April 10, the 2017-2018 Chinese Educators Conference and "Focus on China" Education Ceremony was successfully held at Phoenix Center in Beijing. The conference was initiated by the All-China Federation of Returned Overseas Chinese and Phoenix TV, and co-hosted by Phoenix Education and the China Overseas Chinese Public Welfare Foundation. Spanning the globe, it shared the achievements of China's education reform from a worldwide perspective, jointly celebrating Chinese education on a global scale. Hai Feng Education, as a leader in K12 online education, was invited to participate, and its founder Zheng Wencheng was awarded the "Chinese Influential Education Figure" award by the conference.
6
KnowLeGene, Moran AI make
Xtecher Top 100 "Most Valuable" Tech Projects list
On April 18, the "2018 Smart Creation Future Technology Conference" — the first "Top Ten Most Valuable" Awards and Technology Entrepreneurship Enterprise Alliance Launch Ceremony, co-hosted by the Investment Consulting Professional Committee of the National Development and Reform Commission China Investment Association and well-known tech media Xtecher, was held in Beijing.
Beijing KnowLeGene Data Technology Co., Ltd. won consistent recognition from judges and host organizations for its innovation and focus in the fintech field, and was selected as number one on the fintech sector "Top Ten Most Valuable Innovation and Entrepreneurship Enterprises" list. Moran AI was selected as number seven on the intelligent interaction (voice) sector "Top Ten Most Valuable Innovation and Entrepreneurship Enterprises" list.
View more Ma Hui Journal
Ma Hui Journal · March | 5 companies receive funding, multiple make China's Unicorn TOP100
Ma Hui Journal · January | 6 companies complete funding, 2 make latest global unicorn list
Ma Hui Journal · August | Funding, upgrades, and honors
Source Code Capital
Creating Lasting Real Value
WeChat ID: sourcecodecapital
More professional content
Follow our official WeChat