Source Code Capital Wins Three Awards Including Top Investment Institution and Investor in China's New Finance Sector

On September 22, at the 36Kr WISE x New Finance Industry Summit themed "Technological Leap, Value Potential," 36Kr released its rankings of China's top 10 new-finance investment firms, top 10 new-finance investors, and most perceptive new-finance investors.

Source Code Capital was named among China's top 10 new-finance investment firms. Yi Cao, founding partner, was named among China's top 10 new-finance investors. Xingchen Zhang, vice president of investments, was named most perceptive investor in China's new-finance sector.

Founded in 2014, Source Code Capital has over its first three years invested in new-finance companies including: Qudian (Qu Fenqi), Zhirong Group (Yongqianbao), Yinke Group (Yinke.com), Suishouji, Nongfenqi, Hui Fenqi, Jieqian Kuai, Cijinrong, Yitai Capital, Zichan 360, Geshang Wealth, Lan Touzi, Xiaohu Finance, Ju'ai Cai, Beimi Wallet, Aboter, Mi Kuang Technology, Lean Work, and Lingjin Information.

Among these, Qudian (Qu Fenqi), Zhirong Group (Yongqianbao), Suishouji, and Nongfenqi were all named to CB Insights' 2017 Global Fintech 250, a list spanning 23 countries with 28 Chinese companies making the cut.

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Selection Methodology

For this ranking, 36Kr invited 82 investment firms active in new finance and analyzed 247 investment projects across different funding rounds to select China's top 10 new-finance investment firms.

Project scope: Drawing on classification frameworks from BI Intelligence, KPCB, and Citigroup Inc., new finance was divided into two layers — infrastructure and application.

1. Infrastructure refers to technologies that improve efficiency and reduce costs in financial services infrastructure, or expand the scenarios where financial services are available. Industries in this layer include blockchain, integrated payments, and big-data credit reporting.

2. Application refers to business-model innovations that optimize traditional financial activities through the internet, information technology, and new technological tools. Industries in this layer include online lending, internet crowdfunding, consumer finance, supply-chain finance, and wealth management. Investment projects fitting either layer were included in this ranking.

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China's Top 10 New-Finance Investment Firms

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China's Top 10 New-Finance Investors

From a pool of 51 investor candidates, 36Kr selected China's top 10 new-finance investors based on investment track record, project involvement, and board seats in the new-finance sector.

Among these investors' representative projects, 36Kr identified numerous unicorns and near-unicorns in new finance, including star projects such as Qudian, Lexin, Yongqianbao, QuantGroup, and Nongfenqi.

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Most Perceptive Investors in China's New-Finance Sector

In an industry where risk and opportunity coexist, 36Kr sought investors who discover early-stage projects through professional expertise, unique insight, risk control, and decisive investment judgment. These investors not only deliver standout investment performance but also bring entrepreneurs greater value through their courage, commitment, professionalism, and acumen.

Based on this, 36Kr released its most perceptive investor ranking, awarding this honor to the finest, most valuable early-stage investors working on the front lines.

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About Source Code Capital

Source Code Capital was founded in 2014, specializing in information-technology investments. It currently manages $750 million USD and 3 billion RMB. Its limited partners include sovereign wealth funds, charitable foundations, pension funds, fund-of-funds, family offices, national guidance funds, and large state-owned enterprises.

Its "Ma Hui" alliance comprises 20+ new-economy luminaries who serve as industrial-capital investors. Industrial capital will play an increasingly important role in the new-economy ecosystem. Source Code Capital is committed to efficiently combining industrial and financial capital to help innovative companies thrive.

Since its 2014 founding, Source Code Capital has focused on "Internet Plus," including: financial internet, industrial internet, and services internet; "Intelligence Plus"; and "Global Plus." Representative companies include: Qudian (Qu Fenqi), Geshang Wealth, Yinke.com, Zhirong Group (Yongqianbao), Suishouji, and Cijinrong in financial internet; Yi Jiupi, Yimi Dida, Xiaoguan Technology, Baibu, and Ruigu in industrial internet; Meituan, Lianjia, MOGU, and Kanjia in services e-commerce; Toutiao and Chehejia in "Intelligence Plus"; and Zenjoy and Mybo in "Global Plus."

In just over three years, Source Code Capital and founding partner Yi Cao have received extensive industry recognition.

Major awards from prominent media include:

Wealth (Chinese edition) 2016

"40 Under 40 China Business Elite"

Cyzone "2016 China Angel Investor of the Year"

36Kr "China's Top 10 AI Investment Firms"

"China's Top 10 AI Investors"

36Kr "China's Top 10 New-Finance Investment Firms"

"China's Top 10 New-Finance Investors"

"Most Perceptive Investor in China's New-Finance Sector"

ChinaVenture-Hurun 2016 China's Best Venture Capitalist

ChinaVenture 2016 China's Top 10 Fintech Investment Firms

China's Top 20 Foreign VC Firms

China's Top 50 VC Firms

iheima "2016 Investor of the Year"

Beijing News "2016 Top 30 Emerging Investment Firms"

Zero2IPO 2015 "China's Top 50 VC Firms"

Source Code Capital also serves as a council member of the National Internet Finance Association of China — the only early-stage investment firm to hold this position.