Top VC Firms in China

INCE Capital focuses on investments in China. They primarily invest in consumer, lifestyle, and services companies at the U stage.

Linear Capital invests in earliest-stage startups applying frontier technologies, focusing on AI software and applications, AI hardware and embodied intelligence, AI for science and manufacturing, energy materials, and biotech, primarily in China.

Focuses on early-stage investments in China. Primarily invests in the consumer, lifestyle, and services sectors, targeting B2C companies.

Founded in 2017, Quan Capital is a venture capital firm based in Shanghai, China. The firm prefers to invest in the therapeutic biotech/pharma, enabling technologies/high-end specialty services, and companion diagnostic & precision medicine sectors.

Focuses on Series B investments in China. Primarily invests in the Industry & Hardware sector, supporting B2B companies.

Trustbridge Partners is a growth equity firm focusing on investments in the consumer, healthcare, and technology sectors in China.

Alibaba Group is a large conglomerate that invests across various sectors, primarily focusing on companies that can benefit from or integrate with its existing e-commerce ecosystem. They target growth-stage companies in sectors like e-commerce, logistics, digital media, and technology, with a strong interest in the Chinese and Indian markets.

Founded in 2011, Shunwei Capital is a venture capital firm based in Beijing, China. The firm seeks to invest in deep technology, smart manufacturing, Internet+, consumption, enterprise services, and the electric-vehicle sectors.

Enlight Growth Partners is a China-focused growth capital investor. They target opportunities in supply chain, data, fintech, SaaS and IoT.

Primavera Capital Group is an Asia Pacific-based global investment firm connecting global investors with leading companies in the Asia Pacific region. The firm seeks to develop trusted, lasting partnerships with high-potential growth companies to promote entrepreneurship, fuel innovation, create business value, and have a positive impact on the world.

Focuses on investments in Chinese companies. Primarily invests in the Healthcare & Life Sciences sector, with a preference for later-stage ventures.

Boyu Capital focuses on late-stage investments primarily in China, with a key emphasis on healthcare, biotech, technology, and consumer internet sectors. They back growth-stage startups positioned to scale rapidly in these high-potential markets.

CITIC Capital is a global alternative investment management and advisory company that invests primarily in private equity, real estate, structured investment and finance, special situations, and asset management, focusing on China-related investments.

Legend Capital invests primarily in growth-stage companies in China, focusing on biotechnology, healthcare, and emerging technologies. They target innovation-driven startups at series-a to series-c-plus stages to support scalable enterprises in B2B and B2C markets.

ZhenFund focuses on early to growth-stage investments primarily in China, investing in technology, healthcare, and AI sectors. The firm supports startups across B2B, B2C, and B2B2C models, aiming to back visionary entrepreneurs with scalable business potential.

5Y Capital (formerly known as Morningside Ventures) is a venture capital firm that invests in early to growth-stage companies across various sectors, including healthcare, consumer, and technology.

Invests in late-stage companies in China. Focuses on the Healthcare & Life Sciences sector.

Baidu Ventures (BV) is an independent venture capital firm focusing on artificial intelligence (AI) and deep technology. They invest in early-stage companies with innovative technologies and high growth potential.

Focuses on investments in the consumer, lifestyle, and services sectors, primarily in China. They typically invest in companies at the Series F stage.

Focuses on early and growth-stage investments in the healthcare and life sciences sectors across Asia. They target companies with innovative technologies and strong growth potential.

Focuses on early-stage investments in the US. Specializes in the Industry & Hardware sector.

Sinovation Ventures invests primarily in early and growth-stage AI and technology startups focused on China and global markets, emphasizing innovation in education, healthcare, and frontier technologies to empower the future of artificial intelligence.

Focuses on investments in the Industry & Hardware sector, primarily in China. Targets companies in the Series C stage.

Morningside focuses on partnering with innovative companies in technology and healthcare sectors primarily across China and North America, investing in growth-stage rounds to scale global market leaders.