China Merchants Group is a state-owned conglomerate directly administered by China's central government, headquartered in Hong Kong. Founded in 1872, it operates across transportation and logistics, integrated finance, property and parks, and strategic emerging tech ventures.
Average disclosed round size is $212.5M (across 21 rounds with reported amounts).
Portfolio
26
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Team
VP
Vincent Peng
Managing Director
VY
Vincent Yu
Managing Director and CEO
MW
Manlin Wu
Investment Analyst
SC
Simon Chen
Chief Investment Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| SSenad Technology | Series C | $44M | Jan 2026 |
| DDaimon | Bridge | — | Aug 2025 |
| RRoboScience | Seed | — | Jul 2025 |
 TransThera Biosciences | Series D | $100M | Jan 2023 |
 WeLion | Series D | — | Nov 2022 |
 Porton Advanced Solutions | Series B | $80M | Aug 2022 |
 WayRay | Series C | $80M | Jun 2022 |
| NNuwacell | Series A | $21M | Jan 2022 |
| WayRay | Series C | $80M | Jan 2022 |
 Moore Threads | Series A | — | Feb 2021 |
| WeLion | Series A | — | Jan 2021 |
 Eigencomm | Series B | — | Jan 2020 |
| Moore Threads | Series A | $313M | Jan 2020 |
| IInnoviz | Series C | $170M | Jun 2019 |
 Tongdun Technology | Series D | $100M | Apr 2019 |
| IInnoviz | Series C | $132M | Mar 2019 |
 Momenta | Growth | — | Oct 2018 |
| WayRay | Unknown | $80M | Sep 2018 |
 JD Logistics | Growth | $2.5B | Feb 2018 |
| BBroadlink | Series C | $54.5M | Jan 2018 |
 XTransfer | Series A | $10M | Jan 2018 |
 ForwardX | Series B | $10M | Jan 2018 |
 Ouyeel | Unknown | $294M | Jan 2017 |
| YYQNLink | Series A | — | Jan 2017 |
| 336Kr | Unknown | — | Jan 2016 |
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Top Co-Investors
Shenzhen Capital Group5 shared
Alibaba Group Holding Ltd.5 shared
Sequoia Capital4 shared
Source Code Capital4 shared
HongShan3 shared
Sinovation Ventures3 shared
GLP3 shared
GGV Capital3 shared
Xiaomi3 shared
01VC3 shared
Yunqi Partners3 shared
Gaorong Capital3 shared
Porsche AG3 shared
Tencent Investment2 shared
Coatue Management LLC2 shared
DCM Ventures2 shared
MediaTek2 shared
ByteDance2 shared
5Y Capital2 shared
Plug and Play Tech Center2 shared
Last updated: 20 October 2026