Jul 13, 2023

Yimutian Yimutian is a technology-driven company dedicated to improving the quality of agricultural production and promoting the circulation efficiency of agricultural products. By leveraging mobile Internet technology to provide trade-matching and supply chain services, it seeks to become China’s leading agricultural B2B e-Commerce platform. Since its establishment in 2011, Yimutian has created a nationwide leading agricultural service platform for all categories of agricultural products, and is committed to “Bringing agricultural products direct from farm to city” and “Making every acre of land more valuable.” As of November 2019, the company’s total number of registered users exceeded 20 million, representing a coverage of over 2,800 counties across the country, and accounting for over 12,000 kinds of agricultural products. Early stage investments PPWang PPWang is a B2B mobile platform for clothing wholesale. The company relies on big data technology, live video broadcasts, and the Internet of Things to create a new e-Commerce wholesale platform for clothing, and seeks to upgrade the inefficient and disconnected traditional clothing supply chain in China. The company currently offers seven clothing categories, including women’s, men’s and children’s clothing, shoes, bags, accessories, and undergarments. Today, it has full coverage of the wholesale business chain in Guangzhou, Dongguan, Shenzhen, Hangzhou, and other cities. It is quickly becoming the “first choice” of supply among wholesalers and buyers, and has attracted over 9,000 wholesalers to merge onto the PPWang platform. This represents a coverage of over 850,000 merchant purchasers nationwide in China, over 40,000 orders per day, and a transaction volume exceeding RMB 8 million per day. Early stage investments Che300 Founded in April 2014, Che300 is an independent third-party vehicle pricing and condition query service platform. The company provides one-stop services for key data in the automobile trading and financial industry chain, such as vehicle pricing and vehicle condition information, vehicle loan asset scanning analysis, pre-lending and post-loan big data risk control, financing transactions and managing vehicle disposals. Che300 uses a powerful technical team, from data mining, data cleaning, modeling and output, which, when coupled with the AI ​​intelligent learning system, continually improves the accuracy of vehicle evaluation. Every day, 1 million vehicles pass the Che300 system evaluation, and the accuracy rate has exceeded 90%. Up to now, the cumulative number of calls for the evaluation system of the Che300 is about to exceed 3.5 billion, and the number of partners has exceeded 1,500. Early stage investments YQNLink YQNLink is a leading one-stop international logistics online service platform, offering comprehensive international logistics services including ocean freight, air freight, trucking services, customs clearance, warehousing, cargo insurance, port of destination services, etc. It is designed to apply the internet and digital technology to visualize and optimize cross-border supply chain logistics to achieve the same convenience as express delivery. YQNLink has completed the C round of financing and serviced more than 10,000 enterprises until now. Early stage investments Zsfucai Established in 2017, Zsfucai is a leading B2B e-Commerce provider of construction materials in China. Using technology, the company is transforming this RMB 300 billion transaction market, which to date remains highly traditional and fragmented. It aims to improve the industry’s efficiency and promote industry integration through Internet+. The company’s mission is to reshape the building materials industry chain, and become China’s most trusted e-Commerce site for home improvement and construction-related materials. Led by founder Chengkun Xue (a serial entrepreneur and previously co-founder of PPzuche), the company’s founding team has a wealth of experience in the Internet+ building materials space. Early stage investments Zhongneng United Founded in 2016, Zhongneng United Digital Technology Co. Ltd. is a B2B platform for construction equipment rental. The company’s existing fleet of nearly 10,000 units covers a variety of categories, such as scissor forklifts, straight-arm vehicles, curved-arm vehicles, and spider cars, meeting the construction needs of multiple fields across construction, industry, and commerce. The company relies on cutting-edge technologies such as big data, AI, and the Internet of Things to create a new intelligent industrial ecosystem, and is committed to becoming the world’s leading B2B service platform for engineering equipment. In the future, through adopting an open platform strategy, the company plans to build upon its leading position in the engineering equipment rental market and bring its technology and services worldwide. Growth stage investments Casstime Casstime, which focuses on "Auto parts search + Smart matching," is a leading auto parts trading platform in China. It provides services to 60,000 workshops in over 300 cities nationwide, and serves more than one million vehicles per month. Most of the core team members are from Huawei and Silicon Valley. Casstime evolves to build the technology infrastructure of the automotive aftermarket to improve the efficiency of the whole industry. At present, the business includes a procurement platform for workshops with full coverage of spare and maintenance parts, SaaS management system for workshops, supply chain finance, and other logistic services. Growth stage investments BIAOGUOWORKS Biaoguoworks empowers the entire fresh food supply chain and the new retail industry in China, using advanced technologies such as IoT and Big Data, enabling retailers to purchase fresh food from first-hand supplies with quality assurance. Biaoguoworks is one of the largest fresh B2B supply chain platforms. It was established by Chengdu Biao Fruit Technology Co., Ltd. It directly connects agricultural product production suppliers and retail stores, realizing fair competition across the entire chain of agricultural product circulation. The company helps resolve bottlenecks and disorganization from a fragmented supply chain. It provides the advantages of both e-Commerce and physical stores, greatly enhancing circulation and supply efficiency. Biaoguoworks assists the national rural revitalization campaign and helps promote the development of modern agriculture. Growth stage investments Beijing Chenfeng Information Technology Co., Ltd. Chenfeng is an one-stop private domain operation and management solution provider for private domain based on enterprise wechat ecology. It is committed to becoming the chief private domain operation and management expert in the whole industry and aiming to help enterprises to build a new operation and management model in the digital era，thus realize their high-quality development. At present, Chenfeng owns 13 urban centers across the country covering five regions: North China, central China, East China, South China and Southeast of China to provides digital marketing services for more than 10000 enterprises in over 30 industries including 7000 paying enterprises. Early stage investments Bytedance Bytedance is a technology company operating a range of content platforms that encourage and inspire creation and communication. Dedicated to building global platforms of creation and communication, Bytedance’s platforms enable people to discover and create a world of content powered by technology. It informs, educates, entertains and inspires people across languages, cultures and geographies. Available in over 150 markets and 75 languages, Bytedance’s platforms aim to help people discover the world and empower everyone to be a creator. In 2016, Bytedance established an AI Lab which builds on the company’s vast and complex datasets to develop state-of-the-art innovations in artificial intelligence. Growth stage investments Li Auto Founded in 2015, Li Auto (NASDAQ:LI) is committed to changing travel with technology to benefit more people. The Founder Li Xiang has over 10 years of experience in the automotive industry, and previously founded and led Autohome (NYSE: ATHM) public with a market capitalization of $10+ billion. ONE, the company’s first smart electric car, is designed as a medium and large luxury SUV addressing family travel, and can sit 6-7 people. ONE uses an extended range electric solution with a combined NEDC range of 800+ kilometers. It is fully equipped with its four-screen smart interaction and Driving Assistance System, which bring a more intelligent, safe, and convenient driving experience. Headquartered in Beijing, Li Auto (NASDAQ:LI) has a self-built manufacture base in Changzhou. It is fully equipped with an integrated research and innovation center, test center, and sales/service network, and aims to provide customers with best-in-class driving experience, vehicle delivery, and maintenance service. Early stage investments Mor.ai Founded in May 2016, Mor.ai is an artificial intelligence company with core cognitive computing and natural language understanding technologies. Mor.ai provides a one-stop “conversation robot” solution of “signal processing + speech recognition + semantic understanding + service automatic docking,” carrying out various services by voice dialogue through deep-docking cloud services and content. The “conversation robot” can enable various devices to interact with people naturally, and build a seamless intelligent machine collaboration network to complete tasks efficiently. In all, the technologies allow the machine to know the world, interact with people, and cohabitate. Early stage investments Yihang.ai Yihang.ai focuses on autonomous driving technologies, providing automakers with high reliability, high quality and cost-effective solutions. It is the first autonomous tech startup in China to receive mass production orders from OEMs. It is also a world industry leader. It is a tier-1 collaborator of sensory chip supplier Mobileye. The Yihang.ai team is proficient in artificial intelligence and in core algorithms, such as machine sensing, decision-making, control, and fault diagnosis. It brings together experts in the automotive industry and artificial intelligence. The team consists of domestic and foreign OEMs, Tier 1 suppliers, and top research institutions at home and abroad, including those educated from UC Berkeley, Cambridge and other reputable schools. Early stage investments Narwal Founded in 2016, Narwal (Yunjing Intelligence Technology) is an innovative company in the field of AI robotics. It is dedicated to developing humanized, one-click intelligent robots that provide household cleaning services with multiple functionalities. Narwal has developed the world’s first automatic intelligent mopping robot J1, which was rated one of the best products of CES2019. It has also been awarded the European PlusX Award, the Edison Prize for Invention Award, the EIA Gold Award, the CES Innovation Award, the German Red Dot Design Award and the German Innovation Award. In addition to a winning product, the company has comprehensive "full-stack" capabilities across production and sales, supply chain, R&D, quality control, branding and organization management. Early stage investments HAI ROBOTICS Founded in Shenzhen in 2016, HAI ROBOTICS is the pioneer of and leader in the box-type warehouse robot system. HAI ROBOTICS is committed to providing efficient, intelligent, flexible and customized warehousing automation solutions, to create value for each factory and logistics warehouse. HAI ROBOTICS focuses on the R&D and design of the box-type warehousing robot system. It has won multiple independent research and intellectual property recognition globally across core elements, such as the robot body, fundamental positioning algorithm, control system, robot scheduling, and intelligent warehouse management system. HAI ROBOTICS successfully launched its first HAIPICK ACR operation in 2015 as the first box-type warehousing robot system. Early stage investments Standard Robots Based on leading indoor unmanned driving technology, Standard Robots is committed to cooperating with flexible mobile robot products and dispatching systems to build a “factory-warehouse-distribution” digital logistics infrastructure for global high-end manufacturing factories and warehouses. Standard Robots has been deeply involved in the high-end manufacturing industry in China, and has the largest market share in 3C manufacturing. The products have been recognized by customers in Japan, the United States and other countries internationally. In the future, Standard Robots will expand the logistics data link of the entire manufacturing park based on 5G, and continue to expand overseas. Early stage investments KEYi Tech Founded in 2014, KEYi Technology Co., Ltd. is an innovative robotics company with strong competence in designing and developing STEAM Education robots in China. The team consists of top engineers and designers with working experiences from Pixar, Samsung, Intel and academic backgrounds from Tsinghua, BUAA and more. KEYi Tech owns more than 40 independent IPR, ranging from robotic designs to AI algorithms, and the company has strong connections with China’s top universities and enterprises. The company currently developed two robot products. The first-generation product is CellRobot, which is featured on Forbes, Digital trends, BBC, and other renowed media. In 2016, CellRobot was chosen as the “Best of CES” by BBC and won the championship in the 2017 Creative Business Cup in Copenhagen. Clicbot is the second-generation product and has the goal of making breakthroughs in the modular education robotics space. The industrial-level algorithms enable smoother and more natural robot movements, and the 200+ reactions really give Clicbot a personality. The company hopes to use this simple yet powerful product to deliver ultimate education values and bring smart robots to every family. Early stage investments XYZ Robotics XYZ Robotics was established in 2018 and is headquartered in Shanghai, China, with an R&D office in Boston, USA. The company's vision is "Pick Anything. Place Anywhere." Explore the boundaries of robotics and provide stable and efficient products. This is the dedicated pursuit of every XYZ-er. The XYZ Robotics technical team is the only consecutive "Top 3" winner in the Amazon Robotics Challenge, for three consecutive years. With the world's leading deep learning, 3D vision, robot motion planning and other cutting-edge technologies, it provides logistics and manufacturing industries with more efficient, accurate, and easier-to-deploy flexible solutions. This includes small parts sorting, middle part de-stacking, and industrial loading and unloading. Early stage investments PERA GLOBAL Pera Global is engaged in industrial simulation software, primarily in the fields of 3D printing, with both software and hardware manufacturing capabilities. The company focuses on building digital development systems based on positive design, resource integration, technology transformation, and ecosystem construction, and has a global vision. The company has national research institutes, provincial and ministerial simulation laboratories, provincial enterprise technology centers, and sophisticated industrial design center. It holds over 460 patents and software. With long-term service in the high-end manufacturing industry, it has now accumulated more than 5000 industrial customers in over 16 different industries. Pera Global has 25 years of experience in the R&D and information industry software development and service, with 8 years of advanced industrial design and additive manufacturing experience. It is a leader in the field of R&D information technology for industrial enterprises in China, developer of new industrial products, and founder of enterprise simulation systems and lean R&D systems. The company is also an industry leader in the field of PLM, as well as a leader of virtual simulation, additive manufacturing, and simulation technology, in China. Growth stage investments BIREN TECHNOLOGY Biren Technology was founded in 2019. The team is composed of core professionals and R&D personnel from the chip and cloud computing industry. As a designer and developer of intelligent processors intended for GPU and DSA computation architectures, they provide a unique insight in the industry. The company aims to develop intelligent processors, establish an efficient software and hardware platform to provide integrated solutions in the field of intelligent computing. The company’s products will be used for cloud computing, artificial intelligence training, graphics rendering, and high-performance general-purpose computing to allow breakthroughs in the domestic high-end intelligent computing chips sector. Biren Technology aims to become a high-tech company with an international perspective, leading technology. It aims to participate in the formulation of future industry standards, providing powerful, flexible and efficient general computing solutions for all industries. Growth stage investments SwitchBot SwitchBot is your simple switch to a smart home. With easy set-up, we help you to create a comfortable home with innovative smart home products. The idea of SwitchBot came up in a humid summer evening when we had to turn on the light and aircon. However, the light switch was far away and the aircon remote was missing, when we were sitting on a comfy couch. We wondered if we could build some products that did these for us and we've done it! Now with SwitchBot, thousands of our users are enjoying the smart home experience. We believe a smart home should be simple and comfortable. With the mission to improve everyone's life with innovation and technology, SwitchBot is dedicated to creating and crafting the most innovative smart home products for you. Early stage investments General Water Technology General Water Technology (GWT) is a pioneering company that leads the way in technology, design, manufacturing, distribution, and service of sustainable water solutions for residential and commercial sectors. With backing from GE and industry-leading venture capitals, GWT brings cutting-edge GE-branded water filtration solutions to the market, accompanied by exceptional customer services through our innovative Water as a Service (WaaS) business model. Our state-of-the-art filtration technologies are designed to provide high-quality water for a wide range of applications, while our WaaS model offers flexible and customized solutions to meet the unique needs of our customers. With a focus on sustainability, innovation, and customer satisfaction, GWT is committed to shaping the future of the water industry and making a positive impact on the world. Retail Tech Meili Inc. Meili Inc. (“Meili”) (NYSE: MOGU) is a fashion and lifestyle destination in China. Through a variety of fashion content and a wide range of fashion products, it offers a superior shopping experience while serving as a means for users to share and discover fashion trends. In 2011, Meili’s flagship APP Mogujie was launched. In June 2016, Meili Inc. was formed through the strategic merger of Mogujie and Meilishuo. Meili provides products and services across the Mogujie, Meilishuo and uni platforms. Early stage investments Meituan The mission of Meituan (3690.HK) is “We help people eat better, live better ”. As China’s e-commerce platform for services, Meituan (3690.HK) places its focus on the “Food+ Platform” strategy and always takes “eating” as the core of its businesses. Resorting to its advantages in scientific innovation, Meituan (3690.HK) joins hands with a vast number of merchants and diverse partners to offer consumers quality services and accelerate the digital upgrade of the life service industry on both demand and supply sides. Officially listed on the Main Board of the Stock Exchange of Hong Kong Limited on September 20, 2018, Meituan (3690.HK) has always centered on customers and kept increasing investment in scientific R&D, thus better fulfilling its social responsibilities, creating more values for the society, and seeking win-win cooperation with all partners. Growth stage investments NIU Technologies Founded in 2014, NIU (NASDAQ: NIU) is a leading provider of smart urban mobility solutions. Its innovative smart electric two-wheeled vehicles are redefining user mobility experiences in urban cities around the world. The company’s core team is made up of executives from BMW, Microsoft, Intel, Huawei, McKinsey, KKR, and Bain Capital, all of whom are committed to improving urban commuting globally. NIU currently designs, manufactures and sells high-performance smart e-scooters. It has a streamlined product portfolio consisting of three series, N, M and U, with multiple models and specifications for direct to consumer, delivery, and sharing markets. NIU has won seven major international design awards for its M-Series scooter, including the German Red Dot, German iF, American IDEA, Japan G-Mark, China Red Star, Hong Kong DFA and Taiwan Golden Pin in 2017. The M-Series is the only urban mobility product that has won all seven of these design awards in 20 years. In 2017, NIU launched the ultra-lightweight U-Series scooter, which has also been well-received by customers and design awards, including the German Red Dot. Growth stage investments Huizhaofang Huizhaofang was developed and operated by the Huizhaofang (Beijing) Network Technology Co., Ltd. It is a service platform launched by Huifenqi, a leading company in the rental market, providing renters with housing information and housing security services. Established in August 2017, Huizhaofang seeks to create a better rental experience for renters. The platform is connected with the branded apartment to ensure the authenticity of the property. As the apartment is directly rented, the agency fee is exempted, and the rental cost is reduced for the tenant. The Huifenqi brand enables monthly payment installment services. For tenants paying rent, the service provides a monthly payment product that greatly reduces financial pressures. The model forms a unique advantage of “real estate, agency fee free, and monthly rent payment.” Huishoubao Founded in 2014, Huishoubao is currently China’s leading consumer electronics recycling company. Huishoubao has attracted numerous leading Venture Capital investments, including Source Code Capital, Chengwei Capital, CITIC Capital, SMC, Strait Capital, Alibaba. Huishoubao takes a corporate vision of “Restoring Value to Those Set Idle,” and hopes to recreate value for its users through the art of recycling.​ Early stage investments XinChao Media Group XinChao Media Group is a technologically-driven, innovative company that transforms and empowers traditional media through the Internet. The company is led by founder Zhang Jixue, a media veteran with over 20 years of entrepreneurial and management experience, and is co-founded by Peng Shengdong (founder of 2345.net) and Shu Yi (founder of Limei DSP). XinChao is committed to providing customers with more accurate and effective community media traffic, and uses the elevator TV as the primary medium to reach middle-class communities. To date, it has expanded to 100+ cities nationwide in China, representing 700,000+ elevators, and reaching 200 million family groups every day. It has also attracted over 16,000 elevator TV advertising business partners. In the coming five years, XinChao aims to extend coverage to over 2 million elevators, and build a community media traffic platform for 300-500 million people every day. The company has significant investment from the founding team, and its investor base currently comprises of top-tier financial and strategic institutional investors such as Baidu, 2345.net, Opple Lighting, China Red Star, and other influential individual investors. Growth stage investments Linji Convenience Store Anhui Linji Convenient Store Co.ltd was founded by a team of enterprising experts in the convenient store business in May 2017.Located in Hefei which is renowned as an innovation hub and lake city,it has opened over 300 top-notch convenient stores all over China through acquisition and expansion. Convenient stores bearing its name have dotted cities like Hefei Wuhu Ma’an shan,Tongling，Bengbu，Huai’nan.In accordance with our company value“ Making life easier” and our operating beliefs:Coordination,Win-Win,Mutual Respect and Sharing,this company provides a efficient ,convenient and clean shopping environment and leisure shopping experience to our white collar customer base. We plan to expand to over 350 outlets in 2019 with an annual sale of 500 million Yuan,and will open over 2000 stores around Anhui in the next three years.Linji Convenience Store is committed to creating a third space of more convenient and higher quality urban life for customers, making Linji a national convenience store brand with high social responsibility and social recognition. Early stage investments RELX Technology RELX Technology (NYSE:RLX) is a consumer electronic cigarette company founded in China. Its main business is the development, design, and sales of RELX electronic cigarettes. With its advanced technology and product, its mission is to accelerate the transformation of the world’s one billion smokers, and bring to them healthier and happier lifestyles. RELX’s motto is, “Smoking can be delightful and carefree.”​ ​RELX Technology (NYSE:RLX) was founded in 2017, and has attracted numerous leading Venture Capital investments from Source Code Capital and IDG Capital. Currently, RELX has offices in Beijing, Shanghai, and Shenzhen, and has plans to expand internationally to better serve its global customer base. RELX’s founding team members come from renowned consumer electronics, FMCG, internet, consulting and investment companies, such as P&G, L'Oreal, Unilever, Huawei, Oppo, Mercedes-Benz, and Bain & Consulting.​ Early stage investments Ziroom Ziroom is a tech company that provides high-quality household products and life services, and is China’s largest rental apartment manager. Founded in October 2011, Ziroom has an established presence in Beijing, Shanghai, Shenzhen, Hangzhou, Nanjing, Guangzhou, Chengdu, Tianjin, and Wuhan. Currently commissioning and managing more than 700,000 properties for more than 350,000 property owners, Ziroom has served 1.6 million tenants and has managed assets collectively valued at over RMB 800 billion. Ziroom owns products such as Youjia, Zhengzu, Ziroom Apartment, zrChoice, Haozhai, Meeta Social Networking, and Ziroom Stay, providing clients with cleaning, moving, and home maintenance services. Growth stage investments PMPM PMPM, “Pour le Monde, Pour le Monde,” helps consumers discover unique and rare ingredients from around the world, and formulates effective skincare solutions for different skin types. PMPM is devoted to build a world-famous skincare brand that is originated in China. PMPM established a strong following since its early stage of development, having built close relationships with its customers, who highly value the adventurous sprits of the brand. PMPM created its original skin-care formula philosophy "X+Y+Z," in which X stands for natural ingredients with proven benefits found around the world, Y refers to the star component world, and Z refers to patented synergistic technology. As one of the most representative DTC brands rooted in China, PMPM has the vision to keep exploring the world and bringing its treasures back from afar in order to create all kinds of skin solutions. With its belief of “Explore the World, Empower your Skin,” PMPM aims to open up a window in consumers’ life, and empower everyone to explore the world a bit further. Early stage investments Wangbaobao Wangbaobao is committed to providing delicious, healthy and low-calorie cereals for the modern day consumer. Through multi-level innovations across product, category, and marketing, Wangbaobao developed and produces its own brand of oatmeal, granola, and cornflakes, suited for the Chinese market. The emphasis on taste and nutrition, along with a strong visual and easy-to-use packaging, appeals to consumers who enjoy a convenient and healthy lifestyle. Through its innovative approach, Wangbaobao redefines the perception and imagination of cereal, raising awareness and interest in health foods among young consumers across the nation. Early stage investments CHOCDAY Chocday is a leading Chinese consumer brand focused on the development of healthy dark chocolates. Since the brand was established in July 2019, it has entered over 100,000 offline terminal channels, becoming the number one brand in the omni-channel dark chocolate category. Chocday combines its concept, “Chocolate Makes Every Day Better,” with the world's leading chocolate R&D and manufacturing technology. They only use natural and pure imported raw materials, advocating for environmental protection and sustainability, and striving to continuously bring innovation and breakthroughs in both the tasting experiences and manufacturing processes. When it comes to dark chocolate, Chocday is relentlessly introducing healthier and “greener” options for consumers. Early stage investments ‘Blank’ ME, founded in 2016, is the fastest growing brand in the mid-to-high-end base makeup product category. Since its inception, ‘Blank’ ME has been dedicated to further advancing skin knowledge and science, with one single principle at its core: “Respect the skin.” They pioneered innovative cooperation with the world’s leading laboratories and supply chains, coining “From Shanghai, Made Worldwide.” They are committed to creating a truly suitable base makeup solution for each user, keeping in mind the skin characteristics of the Chinese. While protecting the natural texture of the skin, their products create a healthy glow and restores the “complexion” of the real skin. In their eyes, foundation makeup is the beginning of self-exploration, and it is also the original support, a blank canvas for everyone to express their aesthetics. ‘Blank’ ME hopes that their products can bolster the confidence of their users, giving them the audacity to explore the world during their journey.Together with ‘Blank’ ME, consumers can be a better self than they imagined, and experience all the excitement the world has to offer. Early stage investments usmile usmile, a comprehensive oral care brand under Guangzhou Stars Pulse Co., Ltd., advocates caring for oral health like skin, and helps users achieve ultimate cleanliness and a confident smile through scientific oral care solutions. The brand mission is to improve the oral health of everyone and protect their confident smile. usmile is the only brand that has won 13 international design awards. Since 2016, it has won the German reddot Award, German IF Design Award, Taiwan Golden Dot Design Award, China Red Star Design Award, Japan Good Design Award, International CMF Design Award, Good Contemporary Design Award, etc. usmile is one of the main authors of China's first group standard for electric toothbrushes organized and published by the China Household Electrical Appliances Association. usmile's patent on the swing test method for electric toothbrushes is included in the standard document and becomes the recommended test method. Growth stage investments LAN Lan, born in 2016, is a scientific and pure skin care brand. Lan’s skin care products advocate “purity and effectiveness” through stable and innovative formulas, and use the full potential of the power of nature. Based on oil, they developed an efficient, streamlined and pleasant skin care system. The company has a strict belief in never compromising on safety, and aims to provide consumers with safe and effective products based on the premise of “focusing on results.” In the future, the company will continue to fulfill its brand mission, which is “making skin care simple and enjoyable.” It aspires to help people develop their skin care awareness, and its vision is to become a world-renowned beauty brand. Early stage investments LUCKY WANG Lucky Wang is the world’s leading brand of “chicken feet snacks,” the number one chicken-based snack on Tmall. As of today, they have sold over 100 million bags on the network! Since its establishment, the company is dedicated to providing best-in-class consumer experience, and continuously strives to improve industry standards, striving to bring customers the most exciting and delicious “lo-mein” (a traditional Chinese way of marinade cooking). Relying on the traditional “lo-mein” recipe and its strict production process, the marinade produces a delicious and distinctive taste. Meanwhile, high-tech sterilization processes and preservation technology allow Lucky Wang to deliver freshness with every bite. Growth stage investments Weimai With the mission of “Making healthcare services simpler,” Weimai is based on the localization of medical health services, connecting all medical and health resources on a city-by-city basis. It is building a big data platform of healthcare services on a city-level basis, and providing users with Internet-based appointment registration systems, full-process payments, doctor online consultation, report inquiries, medical record management, prescription distribution, maternal and child and chronic disease management, graded diagnosis and treatment, and remote diagnosis, etc., to build a local one-stop healthcare service platform. It has devoted itself to make “everyone to have a health record, and that each family has a family doctor, and each city to have online hospitals.” Early stage investments Insnail Hospital Insnail Hospital is the first third-party insurance consulting platform in China. Insnail Hospital provides consulting services such as insurance purchasing and compensation claims to its users in a scientific and professional manner. Other services include risk analysis in product selection and comparison, pre-review of insurances, assistance in claim settlements and disputes resolution, as well as safeguarding rights of misguided sales, covering the entire insurance process. HANGZHOU WEIEASE TECH CO.,LTD HANGZHOU WEIEASE TECH CO.,LTD is an insurance and technology company, dedicated to serving the insurance sector through Internet+ and digitization. The company aspires to “serve society, serve the industry, and serve service agents.” Its innovative insurance APP aims to connect and empower industry-wide agents through better connectivity and more efficient operations. It also serves society by raising awareness on the protection and benefits that can be derived from being insured. After 3+ years of operation, the company is currently one of the largest Internet+ and insurance support platforms nationwide in China. Early stage investments Jianhai Technology Justhealth Technology was founded in 2015. It is a high-tech enterprise that uses Artificial Intelligence to achieve post-diagnosis disease management and service operations. Adhering to the concept of “Let care be a good prescription,” the company is committed to promoting the establishment of a disease management system for patients after diagnosis, in order to provide patients with a better life and safer medical services. JustHealth Technology has been deeply involved in the field of medical post-diagnosis for many years. It adopts data as core precipitation, AI to release industry performance, services to achieve commercial operations, and data security to establish a digital therapy ecosystem. For post-diagnosis patient disease management, JustHealth Technology launched three series of “C.S.D.” and completed the infrastructure construction of the hospital’s digital therapy. C.S.D. refers to “C series-disease management service co-construction,” “S series-smart patient service platform,” and “D series-digital therapy platform and scientific research.” The company uses "Jishi AI” to break through the key issues of post-diagnosis patient disease management services, reduce disease management costs, and improve disease management quality. JustHealth is focused on achieving a thorough, post-diagnosis disease management system and service operation health management system truly based on people needs. Bota Bota Bio is a synthetic biology company operating globally. The company builds a standardized and automated high-throughput experimental platform (Bio-foundry) that combines biological computing and machine learning to systematically engineer organisms. Committed to the development of a high-efficiency, green, low-cost industrial biological manufacturing technology suitable for large-scale production, Bota Bio provides key technical solutions for various domains such as chemicals, food, pharmaceutical and agriculture. Currently, the company’s business involves three major sectors: Biocatalysis, Biotransformation, and Biosynthesis. Its professional capabilities include biocomputing, strain engineering, and fermentation technology. Bota Bio’s core technology and management team come from the Massachusetts Institute of Technology, Harvard University, and Amyris, Ginkgo Bioworks, Zymergen, Codexis and other top universities in the world, as well as leading companies in the field of synthetic biology. In 2020, it was selected as one of the 50 smart companies from the MIT Technology Review. Early stage investments SIBIONICS SiBionics is a MedTech startup specialized in the R&D and commercialization of active implantable medical devices and medical artificial intelligence. Our company is headquartered in Shenzhen with additional R&D center and offices located in Los Angeles, Beijing and Guangzhou. Our project pipeline includes Retinal Prosthesis, Continuous Glucose Monitoring, Diabetic Retinopathy Screening and Gastric Cancer Screening, covering major aspects of healthcare, from health and chronic conditions management, to disease screening, diagnostics and treatment. As our projects keep making progress, SiBionics continues to set up a holistic R&D incubation platform by strengthening our independent capabilities in design and manufacturing, quality management, enterprise resource management, regulatory and governmental affairs, and intellectual property. Growth stage investments YUANBAO Yuanbao is an internet insurance intermediary platform operated by Yuanbao Insurance Brokers (Beijing) Co., Ltd., which was officially launched in 2020. As a new technology-driven Internet insurance intermediary, Yuanbao is committed to providing users with high-quality health insurance products and services. It focuses on improving the anti-risk ability of Chinese families across multiple aspects. Yuanbao has a national insurance brokerage license and cooperates with domestic well-known insurance companies to accurately match insurance products for “thousands of people and thousands of faces” as based on big data and AI technology, It provides one-stop support services, from health management, insurance consulting, intelligent underwriting and convenient insurance, to assisting in claims settlement. Several key products currently include medical insurance, critical illness insurance, and comprehensive accident insurance. Star products such as Yuanbao-Million Medical Insurance, Yuanbao-Huatai Comprehensive Accident Insurance, and Yuanbao-Million Anti-Cancer Insurance, have become a cost-effective choice for tens of millions of families nationwide in China. Growth stage investments NUTSHELL Today, it is increasingly recognized that more and more unmet medical needs may be met by tackling the undruggable targets in the realm of drug discovery. Along with other novel approaches, allostery has shown its potential to open another window for drug developers to broaden and diversify the drug space. Allostery is an inherent property of biomacromolecules in which topographically distinct binding sites within a protein are functionally coupled. Allosteric modulation of proteins enables exquisite control over a number of biological processes, presenting itself as a unique solution for drug developers to aim at undruggable targets. Furthermore, recent allosteric drugs, both approved and those still in clinical development stages, have simply demonstrated allostery as a proven drug discovery approach. NUTSEHLL is a suite of AI-based tools built upon a deep understanding of allosteric mechanism since 2013, when the enriched allosteric database was established around 2009. Currently, this well-established technology platform, in particular, the work flow know-how（SMA，PMA and PPA）enable to implement a complete compound discovery process from identification of the potential allosteric site, and all the way through to hit and lead molecule discovery, in conjunction with a strong medicinal chemistry capability. Thus far, NUTSHELL has been generating its own pipeline as well as enabling other academic and industry collaborators to develop allosteric drug. With our NUTSHELL proprietary platform and its early stage yet fast evolving allosteric based pipelines, NUTSHELL biotech is now becoming an oncology focused and novel target centered company and pioneering in allosteric drug discovery. Early stage investments ENGRIO Engrid is a high-tech enterprise specialized in urban central heating information products and services. The company is located in the Hangzhou High-tech Development Zone. Through the ENGRID smart heating system, the company adopts world leading technologies, such as balanced heat meter, room temperature soft measurement, heating network balance technologies, and cloud data, to provide a thorough heating solution to enterprises. The products and services cover applications such as heat exchange station monitoring systems, unit balance systems, household balance systems, heat metering and energy consumption monitoring systems, and energy-saving operation and maintenance services. After years of research in this domain, the company is a leader in core technical fields such as network balance, flow sensor, room temperature soft measurement, and meter valve integration. Engrid holds over 10 national invention patents. It presided over the formulation of the industry standard for balanced heat meter, and over the formulation of the “Balanced heat meter” industry standards for the National Energy Conservation Center “Guidelines for Data Collection in the Heating Industry.” In 2018, Engrid was shortlisted for 18 national key energy resources energy conservation demonstration projects recognized by the National Development and Reform Commission. Early stage investments POWEROAK Founded in 2013, Shenzhen Poweroak Technology Co. Ltd. has been focused on continuous R&D and innovation of distributed energy storage product and technology of micro-grid. We applied patents on the international advanced battery storage technology for new energy and provide the total scheme for application of energy storage battery each year. Besides, Poweroak is the global leader in the Integration of Solar Photovoltaic Generation with Battery Storage, the On/Off-Grid Bidirectional Inverters, the Intelligent Energy Management System Based on Internet, and etc. We serve customers with our complete sets of Project Design, R & D, Manufacture, Sales and After-sales of the Residential / Commercial photovoltaic energy storage system, and the Portable energy storage or the DC energy storage schemes. As our products have been sold in more than 70 countries around the world and as our branches have been functioned already in major global markets such as Japan, the United States, Australia, Germany, Nigeria, and so on., we have improved ourselves into one of the main manufacturers in the energy storage industry. Growth stage investments Unisun Energy Group Unisun Energy Group is dedicated to the development and construction of and investment in distributed clean energy power generation, operation and maintenance management, and research and development of smart energy technologies. The Group owns three brands: Unisun Power, Uper Energy and Optim Energy Technology. It runs more than 2,000 clean energy projects and provides O&M services for such projects with nearly 5 GW of generation capacity. The Group is the first clean energy power station operator in China that focuses on distributed clean energy power generation and has entered a stage of fast development. The Group brings together a large and unique range of talents: a management team with more than 10 years of experience on overseas clean energy projects, an elite project development team featuring varied cultural backgrounds, a domestic project team with considerable experience on 100 MW PV power projects, and a highly efficient international investment and financing team. Up to now, Unisun Energy Group has provided stable and reliable clean energy solutions for many Fortune 500 companies, and achieved many excellent results and run projects which mark a turning point in the history of the industry. Currently, the Group possesses more than 1 GW of solar PV projects, and during the 14th Five-Year Plan period, the Group plans to invest over 20 billion yuan in clean energy projects. Growth stage investments BLUE BLUE is Southeast Asia’s leading digital new retail platform. It has transformed into a full-process digital new retail platform through the offline physical shelf of the intelligent vending machine + online supermarket’s online virtual shelf mode. Currently, it has been able to sell tens of thousands of smart vending machines in Southeast Asia. Covering nearly 10 million users, the order volume per day is close to 1 million, creating a new retail brand of BLUEmart. At the same time, BLUE is the only licensed company with multiple third-party payment licenses in Southeast Asia. It has a variety of capabilities such as acquiring, wallet and payment, and has established a closed-loop BLUEpay payment capability. Early stage investments OPay OPay is an Africa-focused one-stop mobile platform for payment, transportation, food and grocery delivery, and other daily life services. Incubated by Opera, one of the leading browsers in Africa, users rely on OPay to send and receive money, pay bills, and order food and groceries everyday. Recently, OPay has expanded its ecosystem to new verticals, including the motorbike ridesharing service ORide, and food delivery service OFood. OPay believes everyone should be able to enjoy modern finance and world economic inclusion, without regard for physical borders, social status, or personal background. With a passionate team, sophisticated mobile platform, and a fast-growing community of users, OPay is making financial services more efficient for Africa. Early stage investments Stori Stori is currently focused on promoting financial inclusion in Mexico by providing underserved middle- and emerging middle-class customers with access to a credit card. We grow with our customers while helping them to build a strong credit history and manage their personal finances. We create and design products to partner with our customers throughout their financial journeys. Early stage investments BUD BUD is a user-generated platform that allows everyone to create 3D interactive content with its easy-to-use creation tools. Since its launch in June 2021, more than 8 million 3D content has been created on the platform and 3D assets have been traded more than 45 million times. Early stage investments