源码资本

源码资本

@sourcecodecapital

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291 articles

Articles

Source Code Capital portfolio company "Miaoyou Technology" announces completion of RMB 50 million Pre-A funding round — Source Code Capital was sole angel-round investor

Source Code Capital portfolio company "Miaoyou Technology" announces completion of RMB 50 million Pre-A funding round — Source Code Capital was sole angel-round investor

Miaoyou Technology recently completed a RMB 50 million Pre-A funding round, with Oasis Capital as the lead investor. Source Code Capital, the angel-round investor, continued to increase its stake. **Source Code Capital was the sole investor in Miaoyou Technology's angel round.**

Li Yile of Source Code Capital: A Breakthrough in China's VC Model — The Era of Ecosystems and Value Creation Has Arrived

Li Yile of Source Code Capital: A Breakthrough in China's VC Model — The Era of Ecosystems and Value Creation Has Arrived

Drawing on China's VC practice, this article proposes the concept of "China ecosystem VC" and categorizes it into three types: corporate platform VC, resource integration VC, and portfolio strategy VC. It argues that these models represent improvements over traditional approaches across multiple processes, from sourcing and due diligence to post-investment management and exits. The development of China ecosystem VC, the article contends, signals that China's venture capital industry has fundamentally transformed and surpassed Western traditional VC — a manifestation of China rising as a global power.

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

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."

Peng Yongdong: What Is Strategy? | Code Meet 2019

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.

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

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**

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.

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...

Source Code Capital portfolio company "Fulin Technology" announces completion of tens of millions of RMB in Series A funding; existing shareholder Source Code Capital continues to increase its stake

Source Code Capital portfolio company "Fulin Technology" announces completion of tens of millions of RMB in Series A funding; existing shareholder Source Code Capital continues to increase its stake

Fulin Technology has officially announced the completion of its Series A financing round, raising tens of millions of RMB. BlueRun Ventures led the round, with Source Code Capital, the company's angel-round investor, continuing to invest additional capital. **Tang Kewei, founder and CEO of Fulin Technology, stated that the proceeds will be used for R&D and market expansion.**

New-Style Premium Baijiu Brand "Kaishan" Closes Two Funding Rounds in Three Months, Led by Source Code Capital in A+ Round

New-Style Premium Baijiu Brand "Kaishan" Closes Two Funding Rounds in Three Months, Led by Source Code Capital in A+ Round

New-premium baijiu brand "Kaishan" closed its Series A and A+ rounds within three months, with Hillhouse and Source Code Capital as investors. Following this financing, Kaishan has become one of the most eye-catching early-stage bets in the consumer upgrade space.