Regarding Source Code Capital

Source Code Capital

Source Code Capital is an investment firm with an entrepreneurial spirit.

Since its founding in spring 2014, Source Code Capital has remained committed to investing in technology-driven innovation and the creation of lasting, genuine value. It has invested in more than 300 startups — including ByteDance, Meituan (3690.HK), KE Holdings (NYSE: BEKE), and Li Auto (NASDAQ: LI, 2015.HK) — across seed, early, and growth stages. Its portfolio spans industrial digitization, intelligent manufacturing, consumer technology, life sciences, green development, and global expansion. Source Code Capital places founders first, dedicating itself to "full code power for you" through MaHui, which connects entrepreneurs to an open ecosystem; Code Brain, which sharpens entrepreneurial thinking; and MaLi services, which help founders succeed.

The capital Source Code Capital manages comes primarily from national government guidance funds, local science and innovation funds, financial institutions, market-oriented fund-of-funds, corporate investors, globally renowned sovereign wealth funds, university endowments, charitable foundations, and pension funds. The firm maintains offices in Beijing, Shanghai, and Shenzhen.

An Inquisitive, Visionary Investment Team

Investing in Technology-Driven Innovation, Creating Lasting, Genuine Value

Full Code Power for You

MaHui: Connecting a More Open Entrepreneurial Ecosystem

Highlights from the 2021 MaHui Founder Annual Conference

Source Code Capital's Track Record

About Us

Source Code Capital is an investment firm with an entrepreneurial spirit.

Founded in the spring of 2014, Source Code Capital has been devoted to investing in technology-driven innovation and the creation of lasting, genuine value. We have invested in more than 300 companies, including ByteDance, Meituan (3690.HK), KE Holdings (NYSE: BEKE), and Li Auto (NASDAQ: LI, 2015.HK). We invest across all stages — from seed to growth — in sectors spanning industrial digitization, intelligent manufacturing, retail tech, healthcare and biotech, green development, and global expansion. Source Code Capital places founders first. We are devoted to providing comprehensive support that connects entrepreneurs through the MaHui ecosystem, sharpens entrepreneurial thinking through Code Brain courses, and drives founder success through MaLi professional services.

The capital Source Code Capital manages comes primarily from national government guidance funds, local science and innovation funds, financial institutions, market-oriented fund-of-funds, corporate investors, globally renowned sovereign wealth funds, leading university endowments, charitable foundations, and pension funds. Source Code Capital maintains offices in Beijing, Shanghai, and Shenzhen.

Source Code Capital invests in technology-driven innovation. We devote ourselves to lasting, genuine value creation.

Our Honors

• 2023 Top 100 China Venture Capital Firms — Zero2IPO Group
• 2021 Top 20 China Investment Firms in Artificial Intelligence — Zero2IPO Group
• 2021 Top 100 China Most Popular Venture Capital Firms to Entrepreneurs — 36Kr
• 2021 Top 50 China Most Popular Investment Firms to LPs — 36Kr
• 2021 Top 20 China Investment Firms in Healthcare — 36Kr
• 2021 Top 20 China Investment Firms in Enterprise Services — 36Kr
• 2021 Top 100 China Venture Capital Firms — CVInfo
• 2021 Top 20 China Most Popular Venture Capital Firms to LPs — CVInfo
• 2020 Top 100 China Investment Firms in Semiconductors — ijiwei.com
• 2021 Top 30 Investment Firms in Technology — Jazzyear
• 2024 Midas List — Forbes (Cao Yi)
• 2021 Top 30 China Most Influential Investors — Fortune China (Cao Yi)