What do CEOs of smart manufacturing companies talk about when they get together?
In 2020, the robotics sector commanded the absolute attention of the entire venture capital community.
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2021: Original Aspiration Is the Future
In less than 24 hours, we'll say goodbye to 2020. For founders, this year may have meant a quiet exit, a rollercoaster ride, a narrow escape, or — for the brave — charging forward against all odds. Whatever the plot twists, the fire inside and the light in their eyes never went out. That's the power of passion, of obsession, of pure conviction.
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.
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.
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.
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.
600 Million DAU: How New Consumer Brands Can Master Douyin to Prep for Double 11
By August 2020, Douyin (including the Volcano Engine version) had reached 600 million DAU, representing not just user affection for the platform but also enormous commercial opportunity and unlimited potential for new consumer brands.
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.**
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.
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.