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    Investment Firms in China

    The ecosystem is distinguished by its massive domestic market and strong government support for strategic sectors like artificial intelligence and fintech. Major hubs such as Beijing, Shanghai, and Shenzhen are central, often leveraging deep connections to university research and established tech giants. Venture capital activity, which matured significantly in the 2010s, remains a dominant force in funding series-stage growth for innovative companies.

    China has a deep venture capital ecosystem spanning 8 cities, with 87 investment firms tracked by Goldilocks AI. The largest hubs are Beijing (40), Shanghai (30), Hangzhou (5).

    Healthcare dominates the investment landscape in China, with 61% of investment firms focused on this sector.

    China is a particularly strong hub for early-stage investing, with over 77% of investment firms active at the Seed or Pre-Seed stage.

    Last updated: 20 October 2026

    Investment Firms

    87

    Total Investments

    2,675

    Top Sector

    Biotech & Life Sciences

    Top Stage

    Series A

    Top Investment Sectors in China

    The most popular sector focus among China investment firms is Healthcare, with 53 investment firms (61%) investing in the space. This is followed by AI (38), Consumer (36), Biotech & Life Sciences (32), Enterprise Software (29).

    Investment Stages in China

    China investment firms are most active at the Series A stage (85 investment firms). This is followed by Series B (81), Series C (75), Seed (67), Growth (47).

    Where they are

    Each circle is a city; its area is the number of investment firms based there, and darker circles hold more.

    Browse by City

    All Investment Firms (87)

    Showing 1–36 of 87 investment firms

    Tencent Investment logo

    Tencent Investment

    Shenzhen, China

    174 investments

    Series C, Series A

    Gaming, Fintech, AI …

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    Legend Capital logo

    Legend Capital

    Beijing, China

    103 investments

    Series B, Series C

    Enterprise Software, Healthcare, Consumer …

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    LAV logo

    LAV

    Shanghai, China

    102 investments

    Series A, Series B

    Biotech & Life Sciences, Healthcare

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    Alibaba Group Holding Ltd. logo

    Alibaba Group Holding Ltd.

    Hangzhou, China

    98 investments

    Series B, Series C

    AI, E-Commerce & Marketplace, Fintech …

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    Source Code Capital logo

    Source Code Capital

    Beijing, China

    88 investments

    Series A, Series B

    AI, Healthcare, Biotech & Life Sciences …

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    Fenbushi Capital logo

    Fenbushi Capital

    Shanghai, China

    81 investments

    Series A, Seed

    Crypto & Web3

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    Baidu Ventures logo

    Baidu Ventures

    Beijing, China

    76 investments

    Series A, Series B

    AI, Biotech & Life Sciences, Robotics & Automation …

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    MPC logo

    MPC

    Beijing, China

    75 investments

    Series B, Series A

    Enterprise Software, Healthcare, Consumer …

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    Shunwei Capital logo

    Shunwei Capital

    Beijing, China

    74 investments

    Series C, Series B

    AI, Fintech, E-Commerce & Marketplace …

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    GL Ventures logo

    GL Ventures

    Beijing, China

    69 investments

    Series A, Series B

    Biotech & Life Sciences, Healthcare, SaaS …

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    ZhenFund logo

    ZhenFund

    Beijing, China

    66 investments

    Seed, Series A

    AI, Consumer, Healthcare …

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    Gaorong Capital logo

    Gaorong Capital

    Beijing, China

    62 investments

    Series A, Series B

    AI, Consumer, Enterprise Software …

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    Xiaomi logo

    Xiaomi

    Beijing, China

    58 investments

    Series B, Series C

    Hardware & Semiconductors, AI, Mobility & Transportation …

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    Luminous Ventures logo

    Luminous Ventures

    Shanghai, China

    56 investments

    Seed, Series A

    AI, Biotech & Life Sciences, Climate & Energy …

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    5Y Capital logo

    5Y Capital

    Shanghai, China

    55 investments

    Series A, Series B

    AI, Biotech & Life Sciences, Consumer …

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    Northern Light Venture Capital logo

    Northern Light Venture Capital

    Beijing, China

    51 investments

    Series B, Series A

    Enterprise Software, Healthcare, Consumer

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    Sinovation Ventures logo

    Sinovation Ventures

    Beijing, China

    49 investments

    Series A, Series C

    AI, Enterprise Software, Healthcare …

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    CDH Investments logo

    CDH Investments

    Beijing, China

    46 investments

    Series B, Series C

    Telecom, Media & Entertainment, Healthcare …

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    SIG Asia Investment logo

    SIG Asia Investment

    Shanghai, China

    45 investments

    Series B, Series A

    Consumer, Healthcare, Education …

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    Shenzhen Capital Group logo

    Shenzhen Capital Group

    Shenzhen, China

    39 investments

    Series B, Series A

    AI, Biotech & Life Sciences, Hardware & Semiconductors …

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    Linear Capital logo

    Linear Capital

    Shanghai, China

    38 investments

    Series A, Seed

    AI, Data & Analytics, Hardware & Semiconductors …

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    Ant Group logo

    Ant Group

    Hangzhou, China

    38 investments

    Series B, Series A

    Fintech, AI, Data & Analytics

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    Trustbridge Partners logo

    Trustbridge Partners

    Shanghai, China

    38 investments

    Series C, Series B

    Healthcare, Media & Entertainment, Consumer …

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    Yunfeng Capital logo

    Yunfeng Capital

    Shanghai, China

    37 investments

    Series B, Series C

    E-Commerce & Marketplace, Media & Entertainment, Enterprise Software …

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    Vision Plus Capital logo

    Vision Plus Capital

    Hangzhou, China

    36 investments

    Series A, Series C

    AI, Healthcare, Fintech …

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    Loyal Valley Capital logo

    Loyal Valley Capital

    Shanghai, China

    36 investments

    Series B, Series C

    Consumer, Healthcare, Manufacturing

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    BAI Capital logo

    BAI Capital

    Beijing, China

    34 investments

    Series A, Series B

    Consumer, Media & Entertainment, Enterprise Software …

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    Meituan logo

    Meituan

    Beijing, China

    33 investments

    Series B, Series C

    Consumer, E-Commerce & Marketplace, Food & Agriculture …

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    Legend Star logo

    Legend Star

    Beijing, China

    32 investments

    Series A, Series B

    AI, Biotech & Life Sciences, Healthcare …

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    3E Bioventures Capital logo

    3E Bioventures Capital

    Beijing, China

    31 investments

    Series A, Series B

    Biotech & Life Sciences, Healthcare

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    Alibaba Capital Partners logo

    Alibaba Capital Partners

    Hangzhou, China

    30 investments

    Growth, Series C

    E-Commerce & Marketplace, AI, Fintech …

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    China Growth Capital logo

    China Growth Capital

    Beijing, China

    30 investments

    Series B, Series A

    Fintech, SaaS, Enterprise Software …

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    Sherpa Healthcare Partners logo

    Sherpa Healthcare Partners

    Beijing, China

    29 investments

    Series A, Series B

    Healthcare, Biotech & Life Sciences

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    BioTrack Capital logo

    BioTrack Capital

    Shanghai, China

    29 investments

    Series A, Series B

    Biotech & Life Sciences, Healthcare

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    HighLight Capital logo

    HighLight Capital

    Shanghai, China

    29 investments

    Series B, Series A

    Healthcare, Biotech & Life Sciences

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    CreditEase logo

    CreditEase

    Beijing, China

    26 investments

    Series B, Series C

    Fintech

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