@sourcecodecapital
创造持久真实价值
Entrepreneurship is a never-ending journey of self-cultivation, and the strength of your fundamentals directly determines how far your company can go. The pandemic laid bare the operational blind spots and organizational weaknesses of startups, making management fundamentals a critical test and required course for core leadership teams.
Sunwoda Electric Vehicle Battery Co., Ltd. (hereinafter referred to as "Sunwoda EVB") announced that it has recently completed its Series A financing round of approximately RMB 8 billion, with **Source Code Capital serving as a co-lead investor**. Founded in 2014, Sunwoda EVB is committed to becoming a world-class provider of power battery system products and solutions; the proceeds from this round will be mainly used for capacity expansion, technology development, and product iteration.
Recently, Wang Di, an executive director at Source Code Capital who focuses on dual-carbon investments, sat down with *Caijing* magazine for an interview alongside industry peers to discuss the sector's unique characteristics and how to properly support its development.
36Kr has learned that Shanghai Fenchadian Network Technology Co., Ltd. (hereinafter referred to as "Fenchadian") announced the completion of a Pre-A funding round worth tens of millions of RMB. This round was led by HSG, with the capital to be used primarily for product R&D and technical team expansion. **Six months prior, Fenchadian also received exclusive seed funding from Source Code Capital's seed investment arm.**
Source Code Capital partners Yi Cao, Yungang Huang, and Xingshi Wang earned multiple awards on the strength of deals including Li Auto, ByteDance, and RLX Technology. Xingshi Wang ranked on ChinaVenture's "2021 Top 20 Best Internet Industry Investors in China."
From **August 8 to August 11**, the 2022 Zhongguancun Forum series event — the AI for Science Summit — was held **online**. This year's summit carried the theme "**AI for Science: Co-Creating the Future**" and featured **one main forum and six thematic sub-forums**. Multiple academicians, scholars, researchers, and entrepreneurs delivered **over 50** top-tier presentations, interpreting cutting-edge topics from diverse perspectives.
Recently, Wu Fan, an investor at Source Code Capital focused on the dual-carbon sector, was invited to speak at Jazzyear's 2022 "Jazzyear Gravity X" Tech Industry Investment Summit. He shared his views on the current state of China's new energy development, how to approach the new energy industry from an investment perspective, and the differences between China and overseas new energy markets. The conference also released the 2021-2022 China Tech Industry Investment Rankings, with **Source Code Capital named to the 2021-2022 Carbon Neutrality Best Investment Institutions TOP** list.
Recently, RuiGu Mall announced it has raised a total of $400 million in equity financing over the past six months. In October 2021, it completed a $250 million round led by Primavera Venture Partners, with participation from Source Code Capital, Taikang Life Insurance, Prologis GLP, C&D Emerging Investment, Eastern Bell Capital, CDH Investments VGC, and Chengwei Capital. In May 2022, it closed a $150 million round led by Ontario Teachers' Pension Plan's
On July 25, global research and advisory firm Gartner released its 2022 Magic Quadrant for Robotic Process Automation (RPA). Cyclone, a leading Chinese RPA vendor, has once again been named to the report following its 2021 debut as the first Chinese RPA company to enter the quadrant. In 2022, Cyclone achieved a significant leap in positioning, cementing its status as a notably strong Chinese enterprise within the Magic Quadrant — a recognition driven by its robust product capabilities and standout market performance.
**#MaHuiFounders** Resilient and bold, exploring without end
