Portfolio Exposure About Contact 中文
Core Infrastructure 12 companies
PingCAP pingcap.com

A leading distributed database company building next-generation data infrastructure.

Serves over 3,000 enterprises globally with strong commercial adoption.

Positioned at the core of modern data systems and enterprise infrastructure.

RisingWave risingwave.com

A cloud-native streaming database company.

Provides real-time data processing for modern applications.

Positioned in next-generation data infrastructure and analytics.

MiniMax minimax.io

A next-generation AI foundation model company.

Develops large-scale multimodal models across text, speech, and vision.

Part of the emerging layer of AI-native infrastructure providers.

MicroX Semiconductor (微崇半导体) aspiring.com.cn

A semiconductor inspection equipment company.

Develops differentiated technologies for wafer-level detection.

Operates in a high-barrier segment of the semiconductor industry.

Qinghe Semiconductor (青禾晶元) qhcrystal.com

A manufacturer of semiconductor bonding equipment.

Targets high-end chip manufacturing processes.

Benefits from domestic substitution trends.

Kuanneng Semiconductor (宽能半导体)

A silicon carbide wafer manufacturer.

Serves the rapidly growing new energy and EV sectors.

Operates in a strategic segment of power semiconductor supply chains.

Renxin Semiconductor (仁芯科技) r-semi.com

A chip design company focused on automotive applications.

Products are used in intelligent vehicle systems.

Benefits from the rapid growth of smart mobility.

Photonic Computing (光本位) lightstandard.co

A company developing optical computing chips.

Explores next-generation architectures beyond traditional silicon.

Positioned at the frontier of computing innovation.

Extropic extropic.ai

A semiconductor company developing thermodynamic computing chips.

Targets high-efficiency AI computation at scale.

Represents frontier infrastructure in AI hardware.

Astranis astranis.com

A satellite company building low-cost communications satellites.

Deploys spacecraft to provide targeted broadband coverage.

Represents next-generation infrastructure in global connectivity.

Stoke Space stokespace.com

A space technology company building reusable rockets.

Targets rapid and cost-efficient launches.

Represents next-generation space infrastructure.

Paravision paravision.ai

A computer vision company specializing in facial recognition.

Provides AI solutions across security and identity verification.

Represents infrastructure in AI vision systems.

Applied AI & SaaS 26 companies
Manycore / Kujiale (酷家乐) kujiale.com

A leading SaaS platform for home design and interior visualization.

Serves millions of users and tens of thousands of enterprise customers.

A benchmark company in industrial SaaS with IPO progression underway.

Panxing Digital Intelligence (盘兴数智) rockysaas.com

A full-stack e-commerce SaaS and data operations platform.

Serves over 6.5 million enterprise clients across China.

Enables large-scale digital transformation through AI and data infrastructure.

Zhichi Technology (智齿科技) zhichi.com

An enterprise customer engagement and contact center solution provider.

Generates stable recurring revenue across multiple industries.

Expanding into AI-driven automation and intelligent agent solutions.

IceKredit (冰鉴科技) icekredit.com

An AI-driven risk control platform focused on financial institutions.

Widely adopted by banks and lending platforms across Asia.

Strong data advantage provides long-term defensibility.

WIZ.AI wiz.ai

An AI voice automation platform focused on multilingual enterprise markets.

Serves clients across Southeast Asia with scalable deployment.

Leverages large language models to transform customer interaction.

Zhenling Technology (甄零科技) onecontract-cloud.com

A SaaS platform focused on contract lifecycle management.

Integrates legal, finance, and operations workflows for enterprises.

Embedded deeply within mission-critical business processes.

Conversant conversant.com.sg

A leading content delivery network provider in Southeast Asia.

Supports major internet platforms and enterprise clients.

Benefits from strong regional demand for digital infrastructure.

Dialpad dialpad.com

An enterprise communications platform integrating voice, messaging, and AI.

Serves businesses with cloud-based collaboration tools.

Positioned in the shift toward AI-driven enterprise communication.

ikala ikala.ai

An AI and cloud solutions provider.

Serves enterprises with data and marketing technology tools.

Positioned in enterprise AI adoption.

Tezign tezign.com

A creative collaboration platform for brands and designers.

Serves enterprises with digital content workflows.

Represents infrastructure in brand asset management.

Windfall Data windfalldata.com

A data intelligence platform providing consumer insights.

Serves enterprises with predictive analytics tools.

Positioned in data-driven decision making.

Padlet padlet.com

A collaborative digital workspace tool.

Widely used in education and enterprise environments.

Represents lightweight productivity infrastructure.

Terminal terminal.io

A global platform for hiring remote engineering teams.

Connects companies with distributed technical talent.

Benefits from remote work trends.

Haize Labs

An AI safety company focused on large language model testing.

Provides tools to evaluate reliability and robustness.

Represents infrastructure in AI risk management.

Briefcase briefcase.so

An AI-driven accounting automation platform.

Improves bookkeeping through contextual learning.

Represents productivity infrastructure in finance operations.

BLOK blok.ai

An AI experimentation platform for product teams.

Simulates user behavior to optimize digital experiences.

Represents infrastructure in product analytics.

Authologic authologic.com

A digital identity platform providing unified KYC APIs.

Integrates government-issued identity systems globally.

Represents core infrastructure in identity verification.

DeepFlow (Fractal) deepflow.com

An AI orchestration platform for human-agent workflows.

Optimizes collaboration between humans and AI systems.

Represents productivity infrastructure in AI operations.

Adclear.ai adclear.ai

A compliance automation platform for marketing in regulated industries.

Serves B2C brands in finance and similar sectors.

Benefits from increasing regulatory complexity.

Assuric

An AI platform focused on digital health compliance automation.

Helps healthtech companies meet NHS and GDPR standards.

Represents infrastructure in regulated healthcare software.

Incard incard.co

A fintech platform providing multi-currency accounts and financial automation tools.

Serves e-commerce businesses with real-time insights.

Benefits from growth in global commerce and digital finance.

Xing xing.com

A professional networking platform primarily in Europe.

Serves millions of users across German-speaking markets.

Represents regional leadership in professional networking.

H2

A financial technology company.

Has reached public market status.

Represents exposure to fintech sector growth.

Hahow hahow.in

An online learning platform focused on creative and professional skills.

Serves users primarily in Asia with a strong course ecosystem.

Benefits from demand for flexible education formats.

Cambly cambly.com

An online language learning platform connecting students with tutors.

Operates globally with a large base of active learners.

Benefits from long-term demand in remote education.

VeeR veer.tv

A VR content platform for immersive media experiences.

Hosts global creators and distributes virtual content.

Represents early-stage immersive media infrastructure.

Industrial & Supply Chain 13 companies
Zhaogang.com (找钢网) zhaogang.com

A leading steel trading platform in China.

Has achieved large-scale transaction volume and market penetration.

Publicly listed with strong liquidity and established market position.

Zhijing / Baibu (致景百布) baibu.com

A digital supply chain platform for the textile industry.

Connects manufacturers, fabrics, and orders through technology.

A key player in industrial internet transformation.

JD Industrial (京东工业) jingdongindustrials.com

An industrial procurement and supply chain platform.

Enables enterprises to digitize purchasing processes.

Advancing toward IPO with strong ecosystem backing.

Worldwide Logistics (环世物流)

A major cross-border logistics service provider.

Demonstrates strong global shipping capabilities and profitability.

Represents a stable, cash-flow-driven industrial asset.

Dongjing E-Net (东经易网) djey.com

A B2B packaging platform with integrated cloud factory capabilities.

Manages large-scale transaction volume across industries.

Drives digital transformation in traditional manufacturing.

Ant Best Logistics (蚂蚁必达) antbest.com

A cross-border supply chain and logistics platform.

Provides integrated trade, freight, and financing solutions.

Benefits from global trade expansion.

Flexport flexport.com

A global logistics and freight forwarding platform.

Serves enterprise clients with integrated supply chain solutions.

Represents a category-defining company in global trade infrastructure.

Floship floship.com

A cross-border logistics provider for e-commerce businesses.

Supports international fulfillment and delivery operations.

Benefits from growth in global online retail.

Guishan Technology (硅山技术)

A developer of control systems for electric heavy trucks.

Serves leading manufacturers in the EV ecosystem.

Benefits from the electrification of logistics and transport.

Demark Precision (德玛克) demark.com.cn

A high-precision manufacturing company.

Supplies components to semiconductor and energy sectors.

Represents strong industrial capability within the supply chain.

Yixiang Technology (忆享科技)

An IT services and outsourcing platform.

Supports enterprise cloud and digital infrastructure.

Maintains stable recurring business.

Zhongdiao Data (众调科技)

A data analytics platform serving enterprise clients.

Provides insights across automotive and industrial sectors.

Builds data-driven decision-making capabilities.

Heata heata.co

An energy technology company repurposing server heat.

Converts waste heat into usable household energy.

Represents efficiency innovation in energy systems.

Consumer & Distribution 21 companies
Aizuji (爱租机) aizuji.com

A leading electronics rental platform in China.

Operates across hundreds of cities with millions of users.

Combines asset utilization with consumer finance.

WOOK wook.com

A major cross-border e-commerce platform in Southeast Asia.

Operates across multiple countries with strong offline distribution.

Integrates supply chain, branding, and retail capabilities.

Wawayu (哇哇鱼)

A global mobile application and content developer.

Products reach hundreds of millions of users worldwide.

Monetizes through advertising and traffic-based models.

Weinian (微念)

A consumer brand platform integrating content and product development.

Manages well-known brands with strong IP influence.

Bridges culture, branding, and supply chain execution.

Sodao (搜道)

A beauty-focused live commerce and MCN platform.

Works with top influencers and large-scale product distribution.

Benefits from continued growth in social commerce.

Uju Holding (优矩控股) ujumedia.com

A Hong Kong-listed digital marketing and live-streaming e-commerce operator.

Full year 2024 revenue approached RMB 9 billion.

Provides one-stop short video marketing solutions across major platforms.

Jiamian Technology (假面科技) jiamiantech.com

A Weibo-backed interactive entertainment studio with 40+ mobile products.

Originator of China's first mobile social deduction game with over 200 million users.

Active portfolio of investments across the content and developer ecosystem.

Wuta Camera (悟他相机) wuta-cam.com

An AI-powered mobile beauty and photo editing application.

Over 200 million users globally, acquired by Weibo for $51.8 million in 2019.

Operates a freemium model expanding into AI portrait generation.

4Fun / Lequ Wuxian (乐趣无限) hr.4funvideo.com

A short video platform built for India's multilingual market.

Supports ten regional languages serving underserved user segments.

Early mover in India's localised UGC video ecosystem.

Airhelp airhelp.com

A digital platform providing compensation services for airline passengers.

Serves millions of users globally with strong coverage across major airlines.

Benefits from regulatory enforcement trends in air travel compensation.

Chaldal chaldal.com

An e-commerce platform focused on grocery delivery in Bangladesh.

Operates large-scale logistics infrastructure in urban areas.

Represents growth in emerging market online retail.

Bellabeat bellabeat.com

A consumer health technology brand focused on women's wellness.

Offers connected devices and subscription-based services globally.

Benefits from growing demand for personalized health tracking.

Calm calm.com

A leading digital platform for meditation and sleep content.

Serves millions of global users through a subscription model.

Represents scalable consumer wellness infrastructure.

Matthew's Choice

A consumer brand focused on health-oriented food products.

Operates in niche premium segments.

Benefits from increasing health-conscious consumption.

Rollr rollr.co

A premium personal care brand focused on refillable products.

Combines sustainability with high-end positioning.

Represents eco-conscious consumer branding.

Audiomob audiomob.com

An advertising platform focused on in-game audio ads.

Delivers non-intrusive user engagement formats.

Represents innovation in digital advertising.

Hims & Hers Health hims.com

A direct-to-consumer telehealth platform.

Publicly listed on NYSE (HIMS) with strong growth in digital healthcare services.

Positioned at the intersection of healthcare and subscription commerce.

Udemy udemy.com

A publicly traded online skills marketplace serving 77 million learners globally.

Enterprise segment generates over $500 million in Annual Recurring Revenue.

Listed on Nasdaq (UDMY), representing direct public market liquidity.

GLP-1 Pro

A consumer health brand focused on weight management supplements.

Targets demand driven by GLP-1 related trends.

Represents exposure to health-driven consumer products.

A digital health platform for managing wellness data.

Provides real-time insights and privacy tools.

Represents infrastructure in personal health management.

XTransfer (连连跨境) xtransfer.cn

China's leading B2B cross-border trade payment platform.

Serves over 450,000 SME exporters across 200+ countries with compliant multi-currency settlement.

Unicorn status achieved in 2021 with payment licences across five major jurisdictions.

Frontier & Optionality 17 companies
Keenon Robotics (擎朗智能) keenon.com/en

A global leader in commercial service robotics.

Deployed across restaurants, hotels, and retail environments.

Among the first robotics companies to achieve large-scale commercialization.

Neolix (新石器无人车) neolix.ai

An autonomous delivery vehicle company.

Products are widely deployed in logistics and last-mile delivery.

Represents one of the earliest scalable use cases of autonomous driving.

DeepRoute.ai (元戎启行) deeproute.ai

A developer of Level 4 autonomous driving solutions.

Has established partnerships with major automotive OEMs.

Well-positioned for large-scale deployment in smart mobility.

RealMan Robotics (睿尔曼) realman-robotics.cn

A manufacturer of lightweight collaborative robotic arms.

Builds full-stack capabilities from core components to systems.

Well-positioned in industrial automation and robotics deployment.

AI² Robotics (智平方) ai2robotics.com

A humanoid robotics company focused on embodied intelligence.

Combines large models with physical robotic systems.

Represents the frontier of next-generation robotics development.

X Square Robot (自变量机器人) x2robot.com

A developer of general-purpose embodied AI models.

Focuses on integrating machine learning with robotic execution.

Operating at an early but strategically important stage.

Qiongche Intelligence (穹彻智能) noematrix.ai

A robotics company specializing in force-feedback and control systems.

Focuses on foundational technologies for intelligent machines.

Builds critical capabilities for advanced robotics infrastructure.

Adlai Nortye (艾迪药业) adlainortye.com

A clinical-stage oncology company developing cancer immunotherapies and RAS-targeted therapies.

Lead candidate has completed a Phase 3 trial; closed a $150M placement in April 2026.

Listed on Nasdaq (ANL) with dual R&D operations in China and the US.

A company developing autonomous driving technology.

Builds solutions for logistics and industrial applications.

Represents long-term growth in intelligent transportation.

Simbe Robotics simberobotics.com

A robotics company focused on retail automation.

Deploys autonomous robots in stores for inventory tracking.

Represents automation in physical retail operations.

Titan Dynamics titandynamics.aero

An aerospace company developing unmanned aircraft systems.

Focuses on rapid and cost-effective production.

Represents innovation in defense aviation systems.

Phagos phagos.com

A biotech company using bacteriophages to combat infections.

Focuses on antibiotic-resistant bacteria solutions.

Represents next-generation pharmaceutical innovation.

Innerworks

A cybersecurity company focused on detecting AI-driven bots.

Identifies systems mimicking human behavior.

Represents infrastructure in AI-era security.

IONA

A drone logistics company focused on last-mile delivery.

Deploys autonomous systems in rural areas.

Represents next-generation delivery infrastructure.

A biotech platform improving microbial testing processes.

Reduces testing time from days to hours.

Represents efficiency gains in biomanufacturing.

Xiaoxiang Smart Packaging (小象智合)

A packaging design and manufacturing platform.

Integrates AI into product design workflows.

Serves consumer brands and manufacturing clients.

Elliot (Token)

A blockchain-based token project.

Operates within digital asset ecosystems.

Represents exposure to early-stage crypto infrastructure.

Tiange Capital holds direct or indirect positions in the following companies. Some positions are held through co-investment structures or special purpose vehicles.