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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 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 136 of 76 investment firms

    Tencent Investment logo

    Tencent Investment

    Shenzhen, China

    130 investments

    Growth, Series C

    Gaming, Fintech, AI

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    Source Code Capital logo

    Source Code Capital

    Beijing, China

    81 investments

    Series A, Series B

    AI, Healthcare, Biotech & Life Sciences

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    Legend Capital logo

    Legend Capital

    Beijing, China

    77 investments

    Series B, Series C

    Enterprise Software, Healthcare, Consumer

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    Fenbushi Capital logo

    Fenbushi Capital

    Shanghai, China

    65 investments

    Series A, Seed

    Crypto & Web3

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    Shunwei Capital logo

    Shunwei Capital

    Beijing, China

    54 investments

    Series C, Series B

    AI, Fintech, E-Commerce & Marketplace

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    GL Ventures logo

    GL Ventures

    Beijing, China

    49 investments

    Series A, Series B

    Biotech & Life Sciences, Healthcare, SaaS

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    LAV logo

    LAV

    Shanghai, China

    47 investments

    Series B, Series A

    Biotech & Life Sciences, Healthcare

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    Baidu Ventures logo

    Baidu Ventures

    Beijing, China

    46 investments

    Series A, Seed

    AI, Biotech & Life Sciences, Robotics & Automation

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    5Y Capital logo

    5Y Capital

    Shanghai, China

    46 investments

    Series A, Series B

    AI, Biotech & Life Sciences, Consumer

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    Xiaomi logo

    Xiaomi

    Beijing, China

    45 investments

    Series B, Series C

    Hardware & Semiconductors, AI, Mobility & Transportation

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    ZhenFund logo

    ZhenFund

    Beijing, China

    44 investments

    Seed, Series A

    AI, Consumer, Healthcare

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    Alibaba Group Holding Ltd. logo

    Alibaba Group Holding Ltd.

    Hangzhou, China

    37 investments

    Series B, Series A

    AI, E-Commerce & Marketplace, Fintech

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    Gaorong Capital logo

    Gaorong Capital

    Beijing, China

    36 investments

    Series A, Series B

    AI, Consumer, Enterprise Software

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    Linear Capital logo

    Linear Capital

    Shanghai, China

    36 investments

    Series A, Seed

    AI, Data & Analytics, Hardware & Semiconductors

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    SIG Asia Investment logo

    SIG Asia Investment

    Shanghai, China

    35 investments

    Series A, Series B

    Consumer, Healthcare, Education

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    CDH Investments logo

    CDH Investments

    Beijing, China

    34 investments

    Series B, Series A

    Telecom, Media & Entertainment, Healthcare

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    Northern Light Venture Capital logo

    Northern Light Venture Capital

    Beijing, China

    33 investments

    Series A, Series B

    Enterprise Software, Healthcare, Consumer

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    Alibaba Capital Partners logo

    Alibaba Capital Partners

    Hangzhou, China

    32 investments

    Growth, Series C

    E-Commerce & Marketplace, AI, Fintech

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    Loyal Valley Capital logo

    Loyal Valley Capital

    Shanghai, China

    32 investments

    Series B, Series C

    Consumer, Healthcare, Manufacturing

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    Sinovation Ventures logo

    Sinovation Ventures

    Beijing, China

    31 investments

    Series A, Series C

    AI, Enterprise Software, Healthcare

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    Trustbridge Partners logo

    Trustbridge Partners

    Shanghai, China

    30 investments

    Series C, Series B

    Healthcare, Media & Entertainment, Consumer

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    Vision Plus Capital logo

    Vision Plus Capital

    Hangzhou, China

    29 investments

    Series A, Series B

    AI, Healthcare, Fintech

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    BAI Capital logo

    BAI Capital

    Beijing, China

    29 investments

    Series A, Series B

    Consumer, Media & Entertainment, Enterprise Software

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    Shenzhen Capital Group logo

    Shenzhen Capital Group

    Shenzhen, China

    28 investments

    Series B, Series A

    AI, Biotech & Life Sciences, Hardware & Semiconductors

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    3E Bioventures Capital logo

    3E Bioventures Capital

    Beijing, China

    27 investments

    Series A, Series B

    Biotech & Life Sciences, Healthcare

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    Legend Star logo

    Legend Star

    Beijing, China

    27 investments

    Series A, Seed

    AI, Biotech & Life Sciences, Healthcare

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    Ant Group logo

    Ant Group

    Hangzhou, China

    26 investments

    Series A, Series B

    Fintech, AI, Data & Analytics

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    Yunfeng Capital logo

    Yunfeng Capital

    Shanghai, China

    26 investments

    Series B, Series C

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

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    Meituan logo

    Meituan

    Beijing, China

    25 investments

    Series B, Seed

    Consumer, E-Commerce & Marketplace, Food & Agriculture

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    Sherpa Healthcare Partners logo

    Sherpa Healthcare Partners

    Beijing, China

    23 investments

    Series A, Series B

    Healthcare, Biotech & Life Sciences

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    China Growth Capital logo

    China Growth Capital

    Beijing, China

    23 investments

    Series C, Series A

    Fintech, SaaS, Enterprise Software

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    SNZ logo

    SNZ

    Beijing, China

    23 investments

    Seed, Series A

    Crypto & Web3, Fintech

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    BioTrack Capital logo

    BioTrack Capital

    Shanghai, China

    21 investments

    Series A, Series B

    Biotech & Life Sciences, Healthcare

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    Fosun RZ Capital logo

    Fosun RZ Capital

    Beijing, China

    20 investments

    Series A, Series B

    AI, Biotech & Life Sciences, Consumer

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    JD.com logo

    JD.com

    Beijing, China

    19 investments

    Series C, Series D

    E-Commerce & Marketplace, Logistics & Supply Chain

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    Chengwei Capital logo

    Chengwei Capital

    Shanghai, China

    18 investments

    Series B, Series A

    AI, Healthcare, Enterprise Software

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