elsewhere

Yi Cao, Source Code Capital: "Four-Have Youth" — What Good Companies Look Like in the Second Half

On January 12, 2020, Yi Cao, founding partner of Source Code Capital, was invited by Tsinghua University's PBC School of Finance to attend the "Tsinghua PBC Finance EMBA & EE 2020 New Year's Ideas Festival" as an alumnus. At the event, he delivered a talk titled *The Four-Quality Youth: Good Companies for the Second Half*, sharing his perspective on the qualities and capabilities that define a good company in the eyes of investors amid the backdrop of the internet's "second half."

源码资本·2020年1月16日

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

How Should Companies Going Global Make Strategic Choices and Decisions | Codeup 2019

As the "mass entrepreneurship and innovation" wave receded and new asset management regulations took effect, China's venture capital industry went from boom to sudden chill. Looking beyond to broader overseas markets became a fresh alternative to crowded domestic tracks. **Source Code Capital began exploring this territory back in 2017, following its "Three Horizontals, Nine Verticals" investment map under the "Global+" theme. It has covered multiple segments in key regions — spanning fintech, e-commerce, and local services — with investments in OPay, Zenjoy, Blu**

源码资本·2019年11月5日

Source Code Capital portfolio company YQN Logistics announced the completion of a $70 million Series C funding round, with existing shareholder Source Code Capital continuing to increase its stake.

On June 11, YQN Logistics, a leading domestic one-stop international logistics online service platform in China, officially announced the completion of a new $70 million Series C funding round — the largest single round of financing in China's shipping technology sector to date. This round was co-led by HSG and Coatue, with follow-on investment from Series A investor Source Code Capital, and investment bank Multifold Capital serving as exclusive financial advisor. Since November 2018, in roughly six months, YQN...

源码资本·2019年6月11日

Inclusive Finance in the New Economic Landscape | Code Brain Episode 11

Code Brain is a key component of Source Code Capital's systematic, productized post-investment service system, and a flagship 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 can receive ongoing intellectual nourishment. This is how we achieve our core goal of post-investment support that actually *helps*, creating unique value for entrepreneurs.

源码资本·2019年4月30日

Internet public-decoration company inDeco announced the completion of a nearly 110 million yuan Series A and B financing round, with Source Code Capital leading the Series A.

Recently, inDeco Lingzhu Zhizao, a domestic one-stop internet workspace solutions provider, announced that it completed a Series A round during the 2018 capital winter led by Source Code Capital, with ZhenFund, Everbright Aishi, and Nest.Bio Ventures participating as co-investors. The company also recently completed a second round with listed company Red Avenue New Materials, as well as investment firms Axiang Investment, Gaolishengzhu, and Shanghai Qianzhang participating. The total financing amount is nearly 110 million RMB. **This marks the largest completed financing round in the internet commercial renovation industry to date.**

源码资本·2019年4月22日

Commercial Rocket Launches: A Protracted Battle Balancing Technology, Market, and Conviction | Source Code Capital Internal Reference

**Investing in Enabling Tech and Mobility**

源码资本·2019年4月1日

Source Code Capital Portfolio Company Community Group-Buying Platform "Linlinyi" Raises $30 Million in Series A Funding, Existing Investor Source Code Capital Continues to Increase Stake

Source Code Capital portfolio company, community group-buying startup "Linlinyi," announced the completion of a $30 million Series A funding round. The round was led by Capital Today, with strategic investment from the Suning Ecosystem Fund. Existing shareholders Source Code Capital, Gaorong Ventures, and HSG continued to participate. Mumian Capital served as financial advisor.

源码资本·2019年1月2日

A Solid Finish to 2018, Continued Patient Growth in 2019 | Code Meet Journal · December

Four years since Source Code Capital's founding, the many companies in its portfolio have grown into a thriving forest, and the "Ma Hui" has become a platform for its LPs, partners, and entrepreneurs to connect. *Ma Hui Journal* is here to record the small steps forward of these partners, share in the joy of their growth, and look toward an even brighter future.

源码资本·2018年12月31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

源码资本

Articles