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 6 cities, with 76 investment firms tracked by Goldilocks AI. The largest hubs are Beijing (37), Shanghai (28), Shenzhen (5).
Healthcare dominates the investment landscape in China, with 64% of investment firms focused on this sector.
China is a particularly strong hub for early-stage investing, with over 82% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 9 September 2026
Investment Firms
76
Total Investments
1,793
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 49 investment firms (64%) investing in the space. This is followed by Consumer (34), AI (32), Biotech & Life Sciences (30), Fintech (26).
Investment Stages in China
China investment firms are most active at the Series A stage (71 investment firms). This is followed by Series B (67), Seed (62), Series C (59), Growth (43).
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 (76)
Showing 1–36 of 76 investment firms
Tencent Investment
Shenzhen, China
130 investments
Growth, Series C
Gaming, Fintech, AI …
Source Code Capital
Beijing, China
81 investments
Series A, Series B
AI, Healthcare, Biotech & Life Sciences …
Legend Capital
Beijing, China
77 investments
Series B, Series C
Enterprise Software, Healthcare, Consumer …
Fenbushi Capital
Shanghai, China
65 investments
Series A, Seed
Crypto & Web3
Shunwei Capital
Beijing, China
54 investments
Series C, Series B
AI, Fintech, E-Commerce & Marketplace …
GL Ventures
Beijing, China
49 investments
Series A, Series B
Biotech & Life Sciences, Healthcare, SaaS …
LAV
Shanghai, China
47 investments
Series B, Series A
Biotech & Life Sciences, Healthcare
Baidu Ventures
Beijing, China
46 investments
Series A, Seed
AI, Biotech & Life Sciences, Robotics & Automation …
5Y Capital
Shanghai, China
46 investments
Series A, Series B
AI, Biotech & Life Sciences, Consumer …
Xiaomi
Beijing, China
45 investments
Series B, Series C
Hardware & Semiconductors, AI, Mobility & Transportation …
ZhenFund
Beijing, China
44 investments
Seed, Series A
AI, Consumer, Healthcare …
Alibaba Group Holding Ltd.
Hangzhou, China
37 investments
Series B, Series A
AI, E-Commerce & Marketplace, Fintech …
Gaorong Capital
Beijing, China
36 investments
Series A, Series B
AI, Consumer, Enterprise Software …
Linear Capital
Shanghai, China
36 investments
Series A, Seed
AI, Data & Analytics, Hardware & Semiconductors …
SIG Asia Investment
Shanghai, China
35 investments
Series A, Series B
Consumer, Healthcare, Education …
CDH Investments
Beijing, China
34 investments
Series B, Series A
Telecom, Media & Entertainment, Healthcare …
Northern Light Venture Capital
Beijing, China
33 investments
Series A, Series B
Enterprise Software, Healthcare, Consumer
Alibaba Capital Partners
Hangzhou, China
32 investments
Growth, Series C
E-Commerce & Marketplace, AI, Fintech …
Loyal Valley Capital
Shanghai, China
32 investments
Series B, Series C
Consumer, Healthcare, Manufacturing
Sinovation Ventures
Beijing, China
31 investments
Series A, Series C
AI, Enterprise Software, Healthcare …
Trustbridge Partners
Shanghai, China
30 investments
Series C, Series B
Healthcare, Media & Entertainment, Consumer …
Vision Plus Capital
Hangzhou, China
29 investments
Series A, Series B
AI, Healthcare, Fintech …
BAI Capital
Beijing, China
29 investments
Series A, Series B
Consumer, Media & Entertainment, Enterprise Software …
Shenzhen Capital Group
Shenzhen, China
28 investments
Series B, Series A
AI, Biotech & Life Sciences, Hardware & Semiconductors …
3E Bioventures Capital
Beijing, China
27 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
Legend Star
Beijing, China
27 investments
Series A, Seed
AI, Biotech & Life Sciences, Healthcare …
Ant Group
Hangzhou, China
26 investments
Series A, Series B
Fintech, AI, Data & Analytics
Yunfeng Capital
Shanghai, China
26 investments
Series B, Series C
E-Commerce & Marketplace, Media & Entertainment, Enterprise Software …
Meituan
Beijing, China
25 investments
Series B, Seed
Consumer, E-Commerce & Marketplace, Food & Agriculture …
Sherpa Healthcare Partners
Beijing, China
23 investments
Series A, Series B
Healthcare, Biotech & Life Sciences
China Growth Capital
Beijing, China
23 investments
Series C, Series A
Fintech, SaaS, Enterprise Software …
SNZ
Beijing, China
23 investments
Seed, Series A
Crypto & Web3, Fintech
BioTrack Capital
Shanghai, China
21 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
Fosun RZ Capital
Beijing, China
20 investments
Series A, Series B
AI, Biotech & Life Sciences, Consumer …
JD.com
Beijing, China
19 investments
Series C, Series D
E-Commerce & Marketplace, Logistics & Supply Chain
Chengwei Capital
Shanghai, China
18 investments
Series B, Series A
AI, Healthcare, Enterprise Software …
Page 1 of 3