@sourcecodecapital
创造持久真实价值
The news that the Shanghai Stock Exchange will launch the STAR Market and pilot a registration-based IPO system quickly became a focal point of attention in capital markets.
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.
Four years since Source Code Capital's founding, the many member companies of the Source Code family have grown into a thriving forest, and Ma Hui has become a platform where Source Code Capital's LPs, partners, and entrepreneurs exchange ideas. *Ma Hui Chronicles* records the small steps of progress made by our friends, shares the joy of growth, and looks forward to an even brighter future.
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.
On September 4, 36Kr released its 2018 China Top 100 Most Founder-Friendly Investors / Investment Firms list, compiled after sending research invitations to **3,700 venture capital institutions** and surveying 800 startup founders.
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.
**"Code Brain"** is a key component of Source Code Capital's post-investment service system, and also an offline, small-scale gathering for the Code Club community. Held monthly, each session brings together Code Club CEOs and external expert advisors for private, in-person brainstorming sessions on the topics and sectors that entrepreneurs care about most at that moment — creating networked learning that strengthens both the value of the Code Club community and each founder's individual growth.
