World Internet Conference Opens; Source Code Capital Named New Investor of the Year

The global internet community has once again entered "Wuzhen Time," with the most cutting-edge forces in technology and capital now converging here.

On November 16, 2016, the third World Internet Conference opened in Wuzhen, Zhejiang. More than 300 well-known domestic and international internet companies including Microsoft, IBM, Alibaba, Tencent, and Baidu participated in this year's conference, with new products and technologies from over 100 global companies making their debut in Wuzhen.

Intelligent robots performing at the opening ceremony

At the same time, representatives of China's most outstanding entrepreneurs and investors gathered at the Wuzhen Makers' Night of the World Internet Conference.

Jack Ma, chairman of Alibaba, said at the conference: "In the future, computing power will become productivity, and data will become a means of production. I hope everyone can make full use of technological capabilities, manage data well, and truly create something of value to others — to help more people create unique value for the ideals in their hearts."

Wang Yuechun, editor-in-chief of Beijing News, released the 2016 China Maker White Paper and announced the 2016 Top 30 Emerging Investment Institutions list — Source Code Capital was named one of the "2016 Top 30 Emerging Investment Institutions."

This list was released by Beijing News, based on quantitative criteria from ChinaVenture covering 2015-2016 investment case volume and amount, exit case volume and amount, and performance, combined with qualitative assessments through expert panel scoring, support rate surveys, and online voting to select the 2016 Top 30 Emerging Investment Institutions in China.

Source Code Capital was founded in 2014, focusing on early-stage TMT investments, currently managing $500 million USD and 1.5 billion RMB. Its limited partners include nearly 20 CEOs of listed tech companies and executives from BAT, such as Xing Wang of Meituan and Yiming Zhang of Toutiao, forming the industry capital investor alliance "Ma Hui." Industry capital will play an increasingly important role in the new economy ecosystem, and Source Code Capital is committed to efficiently combining industry capital with financial capital to jointly drive the growth of innovative enterprises.

Source Code Capital focuses on innovative sectors including new finance, industrial internet, service e-commerce, and digital globalization. Representative portfolio companies include: new finance enterprises such as Qufenqi, GESAFE, INK Group, Yongqianbao, Ether Capital, Nongfenqi, and Suishou; industrial internet companies such as Yijiupi, Yimi Dida, Cardo, Uban, WeiMai, Baibu, and Ruigu; service e-commerce companies such as Meituan, Lianjia, CHJ Automotive, Jiaoer Waimai, Hai Na Bian, and MOGU; and digital globalization companies such as Toutiao and Zenjoy.

Since its founding, Source Code Capital has won numerous prestigious awards, including: Zero2IPO's 2015 "Top 50 China Venture Capital Institutions," 2015 and 2014 "Top 10 China Internet Finance Investment Institutions," and 2014 "Top 10 Emerging China VC/PE Institutions"; ChinaVenture's "2015 Top 10 China Best Mobile Internet Industry Strategic Investors," "2014 Top 10 China Best Emerging Venture Capital and Private Equity Institutions," and "2014 Top 5 China Best Mobile Internet Industry Investors"; and Rongzi China's 2014 "China Emerging Investment Institution." Source Code Capital also serves as a council member of the China Internet Finance Association — the only early-stage investment institution to hold this position.