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Peng Yongdong: What Is Strategy? | Code Meet 2019

At Source Code Capital's 2019 annual Code Conference, KE Holdings CEO Yongdong Peng drew on the company's strategic thinking and practice to argue that strategy must answer a fundamental question: "What does our existence mean for this industry and for consumers?" It requires clarity on where you stand today—point A—and where you're headed, point B—and then committing to long-term initiatives anchored in enduring values and principles. Strategy, he said, is about consistently doing the difficult but right thing. Guided by these unchanging values, KE Holdings and Lianjia have pursued scientific management and values-driven culture building.

源码资本·2019年12月5日

Source Code Capital Wins Five Awards Including Zero2IPO's 2018 Top 50 China VC Firms

From December 5-7, 2018, Zero2IPO and PEDaily hosted the 18th Annual China Equity Investment Forum in Beijing, drawing numerous industry participants. The forum's flagship "Zero2IPO — China Equity Investment Annual Rankings" were unveiled on December 7. In this year's selection, Source Code Capital took home five awards:

源码资本·2018年12月8日

Textile B2B platform Baibu announced the completion of a $100 million Series C2 funding round, with existing investor Source Code Capital continuing to increase its stake.

Source Code Capital portfolio company Baibu, a B2B textile platform, announced the completion of a $100 million Series C2 funding round led by Tiger Global Management, with follow-on investments from existing shareholders Source Code Capital, Chengwei Capital, Yunqi Capital, and Xiongniu Capital. Chongying Capital continued to serve as the exclusive financial advisor for this round.

源码资本·2018年11月21日

Beijing Launches BAAI Action Plan; Source Code Capital Investment Partner Hongjiang Zhang Named First Chairman

On November 14, at the opening ceremony of the 2018 China (Beijing) International Technology Transfer Conference, the Beijing AI Initiative was officially launched and the Beijing Academy of Artificial Intelligence (BAAI) was inaugurated. Wang Zhigang, Secretary of the Party Leadership Group and Minister of the Ministry of Science and Technology, and Jining Chen, Deputy Secretary of the Beijing Municipal Party Committee and Mayor, attended the meeting.

源码资本·2018年11月14日

Niu Technologies IPO Lands on Nasdaq; 3 Companies Close Funding Rounds; Code Brain Issue 8 Mines India | Code Brain Newsletter · October

Four years since Source Code Capital's founding, the many member companies of the Source Code family have grown into a thriving forest, and the "Ma Hui" has become a platform for Source Code Capital's LPs, partners, and entrepreneurs to connect. *Ma Hui Journal* is here to record the incremental progress of our partners, share the joy of growth, and look forward to an even brighter future.

源码资本·2018年10月31日

4 Companies Close Funding Rounds, 7 Firms Undergo Strategic Upgrades: Code Brain Issue 7 Breaks Down WeChat Ecosystem and Mini Program User Acquisition | CodeHui Journal · August

Four years since Source Code Capital's founding, the many portfolio companies in its extended family have grown into a thriving forest. The "Ma Hui" has also become a platform for Source Code Capital's LPs, partners, and entrepreneurs to connect and exchange ideas. *Ma Hui Journal* is here to record the small steps of progress made by our friends, share the joy of growth, and look forward to an even brighter future.

源码资本·2018年8月31日

How to Design Mini Program Virality: Acquiring Users at Low Cost | Code Brain Issue 7

**"Code Brain"** is a key component of Source Code Capital's post-investment service system, and also an offline, small-scale gathering for the Code Club community. Held monthly, each session brings together Code Club CEOs and external expert advisors for private, in-person brainstorming sessions on the topics and sectors that entrepreneurs care about most at that moment — creating networked learning that strengthens both the value of the Code Club community and each founder's individual growth.

源码资本·2018年8月24日

A Deep Dive into Legal Structures and Issues for Domestic and Overseas (VIE) Equity Incentive Plans | ESOP Research

Preface: Source Code Capital recently surveyed founders on ESOP (Employee Stock Ownership Plan) topics and discovered that CEOs face many shared challenges. How large should the option pool be at different stages of a company? How should ESOP be granted? To whom? How much? How can companies communicate with employees to achieve real motivational impact? As companies grow, how does ESOP connect with capital markets? When liquidity opportunities arise, how are ESOP gains taxed — and how can taxes be minimized? When employees depart, how should their ESOP be

源码资本·2018年8月17日

SaaS Business Fundamentals and Value-Add Criteria | Source Code Capital Internal Reference

Yi Wen Hao joined Source Code Capital in 2014, focusing on investments in artificial intelligence, enterprise services, and education. The projects he has invested in and managed include outstanding companies such as Haiwind Education, Suishouji (Feidee), ABotz Technology, Huishoubao, WeDoctor (Weimai), Chuxin Intelligence, and Minxing Shensai. Mr. Hao previously worked at Tencent, where he was responsible for the overall planning of the Enterprise QQ product line. He also held positions at ASIAGROUP and Frost & Sullivan, focusing on corporate strategy and market growth.

源码资本·2018年7月6日

Going Global: Finding Value Opportunities Worldwide | Code Meet 2018

On April 20, Source Code Capital's 2018 Code Society annual conference, themed "Open Source Iteration · Decoding the Future," was held in Beijing. Yuan Di, Vice President of Investment at Source Code Capital; Xia Kai, founder of Zenjoy; Rui Chen, founder of BluePay; and Chen Ning, founder of RozBuzz, shared their insights and reflections on building global businesses.

源码资本·2018年5月3日

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