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On January 4, Hai Feng Education, a K12 online one-on-one tutoring brand, announced the completion of its Series C funding round of tens of millions of US dollars from TAL Education Group and Source Code Capital.
Time flows on like a river, never ceasing day or night. It is the fundamental variable in nearly every function that governs how things operate in this world — driving the endlessly fascinating transformations of nature, society, technology, business, and entrepreneurs alike. Linear or nonlinear, single-point or planar, wave or spiral, divergent or convergent, tranquil or surging, cyclical or transcendent.
Three and a half years since Source Code Capital's founding, the many companies in our extended family have grown into a thriving forest. Code Meet — our gathering for founders, LPs, and partners — has become a vital platform for exchange. We're launching a new column: *Code Meet Chronicles*, where we'll document our partners' progress, celebrate their growth, and look forward to an even brighter future.
RozBuzz, a news feed app dedicated to delivering aggregated mobile internet content to India's massive urban and semi-urban population, has officially announced the completion of its Series A funding round. **The round raised tens of millions of RMB, led by Shunwei Capital, with Xiaomi and Source Code Capital participating as co-investors.**
On November 28, 2017, Beijing — Jiemian and Toutiao jointly released the "China Top Venture Capital Firms" list for the first time, with 50 top venture capital firms including Source Code Capital making the cut. China's innovation and entrepreneurship are gradually entering a high-level stage, with new innovation models constantly emerging and startup trends continuously shifting. Jiemian's survey aims to identify those who are best at seizing opportunities amid China's ever-changing economic landscape, who possess the most profound judgment and leadership in innovative industries, and who demonstrate
Mr. Wang Xiaoliang joined Source Code Capital in 2017. Prior to that, he interned at DiDi's Strategy Department and McKinsey & Company, and had a brief stint as an entrepreneur. Mr. Wang Xiaoliang graduated from the School of Economics and Management at Tsinghua University.
Three years since Source Code Capital's founding, the many member companies of the Source Code family have grown into a thriving forest. Ma Hui has also become a platform for Source Code Capital's entrepreneurs, LPs, and partners to connect and exchange ideas. We're launching a new mini-column: **Ma Hui Journal**, where we'll record our partners' incremental progress, share the joy of their growth, and look forward to an even brighter future.
B2B building-materials marketplace Zhangshang Fucai recently raised a RMB 20 million angel round from Source Code Capital and Buhuo Ventures. The funding will go toward acquiring seed users, validating its business model, and boosting sales.
On the morning of October 18, 2017, U.S. time, Qudian Inc. (NYSE: QD) — a Source Code Capital portfolio company and China's leading fintech firm — officially listed on the New York Stock Exchange, becoming the first overseas-listed stock in China's consumer finance installment sector. Qudian priced its IPO at $24 per ADS (American Depositary Share), offering 37.5 million shares. Before the underwriters exercised their over-allotment option (greenshoe), the IPO size
Lyu Yuemei joined Source Code Capital in 2014, focusing on industrial internet, consumer, and enterprise services. Her investment and portfolio management experience includes leading companies such as Yijiupi, Yimi Dida, and Ruigu. Prior to joining Source Code Capital, she worked at Wanxie Technology and CEC Capital, where she led M&A and integration efforts with publicly listed companies, accumulating seven years of experience in venture capital and investment. Lyu holds a master's degree from Beijing University of Posts and Telecommunications.
