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
Shenzhen, China
174 investments
Series C, Series A
Gaming, Fintech, AI …
Legend Capital
Beijing, China
103 investments
Series B, Series C
Enterprise Software, Healthcare, Consumer …
LAV
Shanghai, China
102 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
Alibaba Group Holding Ltd.
Hangzhou, China
98 investments
Series B, Series C
AI, E-Commerce & Marketplace, Fintech …
Source Code Capital
Beijing, China
88 investments
Series A, Series B
AI, Healthcare, Biotech & Life Sciences …
Fenbushi Capital
Shanghai, China
81 investments
Series A, Seed
Crypto & Web3
Baidu Ventures
Beijing, China
76 investments
Series A, Series B
AI, Biotech & Life Sciences, Robotics & Automation …
MPC
Beijing, China
75 investments
Series B, Series A
Enterprise Software, Healthcare, Consumer …
Shunwei Capital
Beijing, China
74 investments
Series C, Series B
AI, Fintech, E-Commerce & Marketplace …
GL Ventures
Beijing, China
69 investments
Series A, Series B
Biotech & Life Sciences, Healthcare, SaaS …
ZhenFund
Beijing, China
66 investments
Seed, Series A
AI, Consumer, Healthcare …
Gaorong Capital
Beijing, China
62 investments
Series A, Series B
AI, Consumer, Enterprise Software …
Xiaomi
Beijing, China
58 investments
Series B, Series C
Hardware & Semiconductors, AI, Mobility & Transportation …
Luminous Ventures
Shanghai, China
56 investments
Seed, Series A
AI, Biotech & Life Sciences, Climate & Energy …
5Y Capital
Shanghai, China
55 investments
Series A, Series B
AI, Biotech & Life Sciences, Consumer …
Northern Light Venture Capital
Beijing, China
51 investments
Series B, Series A
Enterprise Software, Healthcare, Consumer
Sinovation Ventures
Beijing, China
49 investments
Series A, Series C
AI, Enterprise Software, Healthcare …
CDH Investments
Beijing, China
46 investments
Series B, Series C
Telecom, Media & Entertainment, Healthcare …
SIG Asia Investment
Shanghai, China
45 investments
Series B, Series A
Consumer, Healthcare, Education …
Shenzhen Capital Group
Shenzhen, China
39 investments
Series B, Series A
AI, Biotech & Life Sciences, Hardware & Semiconductors …
Linear Capital
Shanghai, China
38 investments
Series A, Seed
AI, Data & Analytics, Hardware & Semiconductors …
Ant Group
Hangzhou, China
38 investments
Series B, Series A
Fintech, AI, Data & Analytics
Trustbridge Partners
Shanghai, China
38 investments
Series C, Series B
Healthcare, Media & Entertainment, Consumer …
Yunfeng Capital
Shanghai, China
37 investments
Series B, Series C
E-Commerce & Marketplace, Media & Entertainment, Enterprise Software …
Vision Plus Capital
Hangzhou, China
36 investments
Series A, Series C
AI, Healthcare, Fintech …
Loyal Valley Capital
Shanghai, China
36 investments
Series B, Series C
Consumer, Healthcare, Manufacturing
BAI Capital
Beijing, China
34 investments
Series A, Series B
Consumer, Media & Entertainment, Enterprise Software …
Meituan
Beijing, China
33 investments
Series B, Series C
Consumer, E-Commerce & Marketplace, Food & Agriculture …
Legend Star
Beijing, China
32 investments
Series A, Series B
AI, Biotech & Life Sciences, Healthcare …
3E Bioventures Capital
Beijing, China
31 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
Alibaba Capital Partners
Hangzhou, China
30 investments
Growth, Series C
E-Commerce & Marketplace, AI, Fintech …
China Growth Capital
Beijing, China
30 investments
Series B, Series A
Fintech, SaaS, Enterprise Software …
Sherpa Healthcare Partners
Beijing, China
29 investments
Series A, Series B
Healthcare, Biotech & Life Sciences
BioTrack Capital
Shanghai, China
29 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
HighLight Capital
Shanghai, China
29 investments
Series B, Series A
Healthcare, Biotech & Life Sciences
CreditEase
Beijing, China
26 investments
Series B, Series C
Fintech
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