Code Moment | TTC Closes RMB 10-Million-Level Funding Round Led by Source Code Capital

Beijing Caiduodui Information Technology Co., Ltd. (True Talents For China, hereafter "TTC") recently announced it has raised tens of millions of RMB in a new funding round led by Source Code Capital, with participation from several well-known entrepreneurs and angel investors. The proceeds will be used primarily for team expansion and recruitment, as well as investment in digital and intelligent R&D.

TTC founder and CEO Xiaofeng Xiao said the successful close of this round demonstrates that investors remain bullish on China's talent industry — quality projects continue to attract top-tier firms even during a capital winter. The funding will strengthen TTC's digital and intelligent R&D capabilities and enable greater investment in organizational development to recruit more top talent. Going forward, TTC will deepen its multi-layered, all-around strategic collaboration with Source Code, precisely matching and channeling quality resources to support Source Code and its portfolio companies' strategic expansion and talent needs, providing efficient, professional talent services and intellectual support to fuel their growth. The best practices developed through this partnership will then be scaled to serve thousands of excellent Chinese enterprises.

TTC Founder & CEO Xiaofeng Xiao

Source Code Capital partner Kaisi Chang said that talent is the foundation of innovation, and China's human resources market offers massive opportunity to continuously power every industry. By building standards, data infrastructure, and mechanisms, the HR industry's digitalization level has enormous room for improvement, which would raise overall sector efficiency. The TTC team brings deep industry experience, strong learning ability, and a genuine commitment to using technology, products, and services to improve industry efficiency. In just one year, TTC's delivery rate, business capabilities, and client reputation have won market validation. He believes that driven by innovation, TTC will continue creating value for the industry and its clients.

From left: Source Code Capital Partner Kaisi Chang, TTC Founder & CEO Xiaofeng Xiao, TTC Co-founder Xiaomin Ji, Source Code Capital Partner and Chief Human Resources Officer Yunduan Zheng

TTC was incubated by CGL Group, a leading Chinese talent asset management firm, with the goal of building an industry digital platform for talent recruitment. The TTC team believes that "build proprietary operations first, then build the platform" is the necessary path for platform companies — first establishing a recruitment firm with scale, efficiency, and quality through client portfolio development, organizational building, and digital infrastructure, then replicating that experience across the industry to improve service quality and supply efficiency.

TTC's core founding team hails from talent recruitment, internet, finance, and other industries. Founder and CEO Xiaofeng Xiao has 16 years of executive search experience and previously served as co-founder and COO of CGL Group, supporting over 100 partners and driving revenue growth from zero to 500 million RMB. Xiao holds a bachelor's degree from Nankai University, an MBA from Tianjin University, and an EMBA from CEIBS.

In less than a year, TTC has assembled a team of more than 80 people and achieved revenue exceeding 30 million RMB. It has built industry teams covering advanced manufacturing, new energy, new energy vehicles, biopharmaceuticals, medical devices, finance, hard tech, and real estate, with presence in Beijing, Shanghai, Qingdao, Jinan, Suzhou, Chengdu, and North America.

Going forward, TTC will continue to deeply understand clients' mid-to-senior talent search needs, continuously track and uncover industry trends, and further focus on advanced manufacturing and hard tech, new energy, new consumption, healthcare and pharmaceuticals, enterprise services, and fintech. It will implement refined key account management, providing professional talent solutions that drive clients' business innovation, accompanying clients through changing market environments to achieve commercial success.