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.
They made 1 investments in the last 12 months. Average disclosed round size is $514.6M (across 6 rounds with reported amounts).
Portfolio
11
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
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| DDaimon | Bridge | — | Aug 2025 |
| PPorton Advanced Solutions | Series B | $80M | Aug 2022 |
 Moore Threads | Series A | — | Feb 2021 |
 Eigencomm | Series B | — | Jan 2020 |
| Moore Threads | Series A | $313M | Jan 2020 |
 Momenta | Growth | — | Oct 2018 |
 JD Logistics | Growth | $2.5B | Feb 2018 |
| BBroadlink | Series C | $54.5M | Jan 2018 |
| YYQNLink | Series A | $100M | Jan 2015 |
 DeePhi | Series A | $40M | — |
| ZZhigu | Unknown | — | — |
| MMyMRO | Series B | — | — |
Top Co-Investors
Shenzhen Capital Group3 shared
Tencent Investment2 shared
HongShan2 shared
Sequoia Capital2 shared
Source Code Capital2 shared
GGV Capital2 shared
ByteDance2 shared
5Y Capital2 shared
Sequoia China2 shared
Sinovation2 shared
Hillhouse Investment1 shared
Notion Capital1 shared
CCB International (Holdings) Limited1 shared
CaaS Capital1 shared
HMI Capital Management, L.P.1 shared
Fosun RZ Capital1 shared
First Momentum Ventures1 shared
SoftBank Vision Fund1 shared
Coatue Management LLC1 shared
Last updated: 9 September 2026