@sourcecodecapital
创造持久真实价值
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:
On November 28, 36Kr released its inaugural "2018 New Economy Kings" list.
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.
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.
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.
A Long March 4B carrier rocket ignites and lifts off. (Photo: Zheng Taotao)
Mr. Wu Di joined Source Code Capital in 2016, focusing on consumer sector investments. Prior to Source Code Capital, he worked at BDA, serving top-tier USD hedge funds and private equity firms, and accumulated extensive research experience in e-commerce, gaming, and internet advertising. Mr. Wu holds a bachelor's degree in management from the University of International Business and Economics.
On September 20, Source Code Capital portfolio company Yijiupi announced the completion of its Series D funding round at a valuation of $1.1 billion, officially joining China's internet "unicorn club." Yijiupi had completed its Series C round in October 2016; nearly two years later, it launched a new funding round in June of this year and quickly signed the Series D capital increase agreement.
In the spring four years ago, we hastily launched version 1.0, beginning to document our green years. Back then, we were brave, exhilarated, and filled with boundless hope — also somewhat green, reckless, and restless. That year, our website, media coverage, and the "Code Meet" annual conference were all attempts to gain the industry's recognition, validation, and partnership. Based on the hazy impressions formed by these modest visions and aspirations, we also earned the trust of many friends from all walks of life. Thank you for this "brave" trust.
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.
