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源码资本

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156 articles

Articles

New Economy Listings Account for Nearly 60% of Hong Kong's IPO Market — Why Has Hong Kong Become Fertile Ground for New Economy Companies?

New Economy Listings Account for Nearly 60% of Hong Kong's IPO Market — Why Has Hong Kong Become Fertile Ground for New Economy Companies?

Since the registration-based IPO systems were introduced on the STAR Market and ChiNext, the A-share market has seen a surge in listings. Amid shifting international political and economic conditions, some Chinese concept stocks have rerouted their listing plans, opting for secondary listings in Hong Kong or returning to the A-share market. At the same time, US markets continue to attract interest thanks to their mature capital market infrastructure.

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A-Share IPOs Enter a Golden Age: How Should Companies Map Their Capital Strategies Amid Reform?

A-Share IPOs Enter a Golden Age: How Should Companies Map Their Capital Strategies Amid Reform?

Since the registration-based IPO systems were introduced on the STAR Market and ChiNext, A-shares have seen a surge in listings. Amid shifting international political and economic conditions, some US-listed Chinese companies have rerouted their listing strategies, opting for secondary listings in Hong Kong or returning to A-shares. At the same time, US capital markets remain attractive thanks to their mature and well-developed financial infrastructure.

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Source Code Capital Closes RMB 3.8 Billion for Fourth RMB Fund

Source Code Capital Closes RMB 3.8 Billion for Fourth RMB Fund

Source Code Capital has recently completed fundraising for its fourth RMB fund, raising 3.8 billion yuan. With the close of this fund, Source Code Capital's assets under management now total $1.5 billion and 8.8 billion yuan.

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AI-powered disease management platform "Jianhai Technology" announces completion of RMB 60 million Series A3 funding round, led by Source Code Capital

AI-powered disease management platform "Jianhai Technology" announces completion of RMB 60 million Series A3 funding round, led by Source Code Capital

Domestic AI-powered disease management platform Hangzhou Jianhai Technology Co., Ltd. (hereinafter referred to as "Jianhai Technology") announced the completion of a RMB 60 million Series A3 funding round, led by Source Code Capital with Sherpa Healthcare Partners participating. TanZhen Capital served as the exclusive financial advisor. Since 2020, Jianhai Technology has raised two funding rounds totaling over RMB 100 million.

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Source Code Capital portfolio company "Ruigu Mall" announces completion of hundreds of millions of RMB in Series C2 funding; existing shareholder Source Code Capital continues to increase its stake

Source Code Capital portfolio company "Ruigu Mall" announces completion of hundreds of millions of RMB in Series C2 funding; existing shareholder Source Code Capital continues to increase its stake

Just eight months after closing its Series C1 round, Ruigu Mall — a leading domestic industrial supply chain platform — announced the completion of a Series C2 round worth several hundred million RMB. Existing shareholders Source Code Capital, Eastern Bell Capital, CDH Investments, and Chengwei Capital all doubled down, with Chongying Capital serving as the exclusive financial advisor for this round. **Source Code Capital was the sole investor in Ruigu Mall's Series A round and has continued to support its Series A+ and Series B financings.**

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Source Code Capital portfolio company KE Holdings successfully went public, becoming China's "first listed residential services platform."

Source Code Capital portfolio company KE Holdings successfully went public, becoming China's "first listed residential services platform."

On August 13, 2020 local time, KE Holdings (hereinafter referred to as "KE"), a portfolio company of Source Code Capital, made its IPO debut on the New York Stock Exchange under the ticker NYSE:BEKE, becoming China's first publicly listed "living services platform." The IPO priced at $20 per ADS, with 106 million ADSs issued, raising $2.12 billion in total proceeds.

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Cloud-native distributed messaging system "StreamNative" announced the completion of a multi-million-dollar Pre-A funding round led by Source Code Capital.

Cloud-native distributed messaging system "StreamNative" announced the completion of a multi-million-dollar Pre-A funding round led by Source Code Capital.

StreamNative, the open-source streaming data company behind Apache top-level project Pulsar, announced it has raised several million dollars in a Pre-A funding round, **led by Source Code Capital**. StreamNative received seed funding from HSG at its founding, and HSG continued to participate in this Pre-A round.

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Emerging colored-contact brand "MOODY" closes RMB 60 million angel and Series A funding round; Source Code Capital follows on in Series A

Emerging colored-contact brand "MOODY" closes RMB 60 million angel and Series A funding round; Source Code Capital follows on in Series A

Recently, new domestic color contact lens brand MOODY announced the completion of a RMB 60 million funding round. The angel round was led by Hillhouse, with Plum Ventures participating; the Series A was led by Matrix Partners China, with Source Code Capital participating and Hillhouse making additional follow-on investment. Previously, MOODY had raised a seed round led by Yisan Capital with Plum Ventures also participating, with Palm Capital serving as the exclusive financial advisor for both rounds.

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Li Auto delivers its 10,000th Li ONE to customer, setting record for fastest delivery of 10,000 vehicles among new EV brands

Li Auto delivers its 10,000th Li ONE to customer, setting record for fastest delivery of 10,000 vehicles among new EV brands

On June 16, 2020, Li Auto held the 10,000th Li ONE customer delivery ceremony at its Changzhou plant. Since officially beginning deliveries in December 2019, Li Auto had completed its first 10,000 deliveries in just six and a half months — a period that included both the Lunar New Year holiday and the COVID-19 outbreak — setting a record for the fastest 10,000-unit delivery of any new model by a Chinese or foreign EV startup.

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Strategic Thinking on Douyin Marketing for Consumer Brands | Code Brain No. 12

Strategic Thinking on Douyin Marketing for Consumer Brands | Code Brain No. 12

Code Brain is a key component of Source Code Capital's systematized, productized post-investment service infrastructure. It's a flagship post-investment offering designed to help Code Club founders upgrade their thinking. At every stage, we strive to deeply understand and continuously explore what entrepreneurs need, iterating on Code Brain in real time so that founders at different phases receive a steady stream of intellectual nourishment. This is how we achieve our core goal of post-investment support that actually "moves the needle" — creating distinctive value for entrepreneurs.

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