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MPC (formerly Matrix Partners China) is a Beijing-based venture capital firm founded in 2008 as the China investment arm of Matrix Partners. It focuses on early-stage and early growth deals in China's new economy, deep technology, industrial digitalization, healthcare, and frontier technology sectors.
Average disclosed round size is $117.5M (across 8 rounds with reported amounts).
Portfolio
11
Fund Size
$1.6B
Top Stage
Series C
Last 12 Mo
0
Team
David Su
Founding Managing Partner
David Zhang
Founding Partner
Huadong Wang
Managing Partner
Stella Wang
Managing Director
Zhuang Liu
Managing Director
Harry Man
Partner
Ti Tong
Partner
Joy Zhou
Director
Liu Feng
Director
Weijia Chen
Director
Xiaoxiao Tang
Director
Frankie Li
Vice President
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Grit Bio | Series B | $60M | Sep 2023 |
| NNebulaGraph | Series A | — | Sep 2022 |
 PingCAP | Series D | $270M | Nov 2020 |
 NiKang Therapeutics | Series B | $50M | Sep 2020 |
 Klook | Series D | — | Apr 2019 |
 Yuanfudao | Growth | $300M | Dec 2018 |
| PingCAP | Series C | $50M | Sep 2018 |
| HHuang Bao Che Trip | Series C | $50M | Mar 2018 |
 Xpeng Motors | Series A | — | Dec 2017 |
| FFutu Securities | Series C | — | Jun 2017 |
 LiveMe | Series C | $60M | May 2017 |
| IInverse Matrix | Seed | $100M | — |
Top Co-Investors
Matrix Partners8 shared
IDG Capital3 shared
Tencent Investment2 shared
HongShan2 shared
GGV Capital2 shared
Morningside2 shared
Elevation Capital2 shared
5Y Capital2 shared
Yunqi Partners2 shared
Notion Capital2 shared
Sequoia Capital1 shared
Shunwei Capital1 shared
Lightspeed Venture Partners1 shared
Alibaba Capital Partners1 shared
Greenwoods Asset Management1 shared
GIC Private Limited1 shared
DST Global1 shared
CPE1 shared
Boyu Capital1 shared
Last updated: 8 September 2026