Source Code Capital announced that Wei Wang has officially joined as a partner.

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After joining, Wang Wei will support Source Code Capital's portfolio companies on capital markets matters, drawing on his years of experience to empower companies with capital markets development needs.

Source Code Capital announced today that Wei Wang has formally joined as a partner. Wang brings over a decade of experience in capital markets, having previously served as Vice President and Board Secretary at Qihoo 360. Before that, he worked at a top-tier investment bank, later joined Fortune Venture Capital, and held positions as Group Vice President, Board Secretary, and Chief Investment Officer at multiple listed companies.

Source Code Capital Partner Wei Wang

With Wang's arrival, Source Code Capital now has five partners including Wang, one investment partner, and nearly 80 team members across investment, portfolio support, and platform functions. Founding partner Yi Cao said: "We warmly welcome Wei to Source Code Capital! As we enter our sixth year, we're seeing an increasing number of portfolio companies approaching IPO. Wang's joining will significantly support our companies' successful listings on A-shares, US exchanges, and Hong Kong markets. His extensive capital markets experience will bring new competitiveness, vitality, and innovation to our organization. Wang deeply understands entrepreneurship and founders from multiple angles — he has grown alongside many technology-driven excellent companies, creating long-term value for them. After six years of development, Source Code Capital has formed a 'special forces' team comprising early-stage and growth-stage investment professionals, and an 'arsenal' of portfolio support and platform specialists. The division Wang leads will be crucial weaponry in that arsenal, supporting both our investment team and portfolio companies, and helping Source Code-backed founders become outstanding entrepreneurs in their respective fields."

In his new role, Wang will support Source Code portfolio companies on capital markets matters, leveraging his years of experience to empower companies with capital markets development needs. Previously, Wang led and managed IPOs, investments, M&A, private placements, equity incentives, and market capitalization management for multiple companies with tens or hundreds of billions in market cap, focusing on TMT, semiconductors, and intelligent manufacturing. Key projects include Qihoo 360, GigaDevice, Beijing GigaDevice, Xunyou Technology, and Suzhou Good-Ark Electronics. He is a seasoned capital markets expert with combined expertise in investment banking, investing, and listed company operations.

On joining Source Code Capital, Wang said: "I'm delighted to join the Source Code family and grateful for Yi Cao and the team's trust. We're in a period of rapid transformation in the macro and capital markets environment, presenting both tremendous opportunities and challenges for companies and investors alike. Amid countless variables, Source Code Capital has maintained its original mission, emphasizing empowerment and long-term partnership, continuously strengthening connections and engagement with companies, deeply uncovering enterprise value, and growing together with companies in mutual success. It is my strong belief in Source Code Capital's philosophy of 'creating lasting, real value' that makes me excited to fight alongside the team, helping companies build more connections with capital markets, and accelerating strategic execution and capability expansion through capital operations. I look forward to working with entrepreneurs to embrace major transformations in capital markets, seize significant historical opportunities at the intersection of industry and capital, and together witness a great era."

Source Code Capital also recently completed fundraising for its RMB Fund IV, raising RMB 3.8 billion. With this close, Source Code Capital's assets under management reach $1.5 billion and RMB 8.8 billion.

Source Code Capital's investment team has already completed the professional division and organic collaboration between its early-stage and growth-stage teams, enabling more confident and forceful continuous investment in outstanding companies and entrepreneurs from early to growth stages, achieving multi-round follow-on investment and sustained support for excellent founders. The combination of early and growth-stage perspectives enables comprehensive and diverse vision, more scientific decision-making, and ensures the investment team as a whole maintains a holistic view of industries, stages, expertise, and value judgment — providing more support to portfolio companies at different stages at the board and strategic levels.

To date, Source Code has nearly 200 portfolio companies spanning media and content, consumer services, industrial enterprises, finance, retail, automotive and real estate, education and healthcare. Portfolio companies (partial list) include: ByteDance, Meituan (3690.HK), KE Holdings (NYSE:BEKE); Li Auto (NASDAQ:LI), NIU Technologies (NASDAQ:NIU), RELX, Cloud Whale, Ziroom, Juli Xinfang, Huizhaofang, Pagoda, Meili United (NYSE:MOGU), Xinchao Media, Walnut Coding, WeiMai, Huishoubao, Linji, Qingzhu, ChaYanYueSe, WANGBAOBAO; Yijiupi, Yimi Dida, Xiaoyaoyao, Baibu, Edianzu, ZNLH, Keenon Robotics, Chuxin, YQN Logistics, Ruigu, CassTime, Car300; Qudian (NYSE:QD), Asset360, Insnail, Cijinrong, Abbotz; KrazyBee, Zenjoy/ME2ZEN (KOSDAQ: A950190), BLUE, OPay, and others.

At Source Code Capital, self-drive, truth-seeking, openness, curiosity, and excellence are the shared DNA of all Source Code people. The continuous evolution of organizational capability makes internal collaboration more efficient, enabling the team to keep growing in an atmosphere of candor and openness. Meanwhile, Source Code Capital continues to attract outstanding talent to strengthen its "special forces" and "arsenal." We will continue to work alongside resilient and bold entrepreneurs, leveraging technology and capital to drive commercial transformation, create lasting real value, make life better, make business smarter, and make humanity freer.

Source Code Capital continues to attract outstanding talent.

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