Region: Asia · 10 firms listed · cheque sizes $1M to $500M
China is the world's second-largest venture capital market, with Beijing, Shanghai, and Shenzhen housing major VC firms. Chinese investors focus heavily on AI, deeptech, advanced manufacturing, and consumer internet. Despite regulatory changes, the ecosystem remains a powerhouse for innovation and startup scaling.
DCM is a multi-stage venture capital firm that partners with entrepreneurs to build market-leading companies. With offices in Beijing, Tokyo, and Silicon Valley, they focus on mobile internet, enterprise software, and frontier tech.
GGV Capital is a multi-stage venture capital firm that invests in companies across consumer internet, enterprise & frontier tech, and local services. They manage $9.2 billion in capital and have offices in Silicon Valley, Shanghai, and Beijing.
Hillhouse Capital is one of Asia's largest alternative asset managers with over $100 billion in assets under management. They invest across venture capital, growth equity, and private equity with a focus on long-term value creation.
HSG, formerly Sequoia Capital China, is a leading venture capital and private equity firm with over $55 billion in assets. They invest globally in technology, healthcare, and consumer sectors with offices across Asia.
Founded in 1993, IDG Capital is a leading investment firm with a global perspective. They have pioneered institutional investing in China and backed over 600 exits via IPOs and M&A worldwide.
Lightspeed China Partners is a leading China-focused venture capital firm serving entrepreneurs as lead investors in early stage and emerging growth companies. They focus on green tech, deep tech, enterprise services, and health tech.
Founded in 2008, Matrix Partners China is one of the leading venture capital firms focused on early stage and early growth deals in China, managing over 50 billion RMB. They invest in new economy, deep technology, and healthcare.
Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong, Seattle, Boston and San Francisco. They focus on healthcare, technology, and consumer investments.
Founded by Dr. Kai-Fu Lee, Sinovation Ventures is a leading venture capital firm that invests in technology startups in China and the US. They focus on artificial intelligence, robotics, education technology, and consumer internet.
Vertex Ventures China is part of the global Vertex Ventures network. They are operator-investors supporting innovative entrepreneurs with deep access to capital, talent, partners and customers to build truly global businesses.
The firms listed here write cheques across Seed, Growth rounds, with typical cheque sizes between $1M to $500M. Most of the 10 firms on this page keep offices in Beijing, Shanghai, Admiralty, so founders based there have an advantage in getting first meetings.
Capital concentrates in AI & Deep Tech, Consumer & Marketplace, Generalist, Healthtech. If your company sits in one of those categories, name the comparable portfolio company in your first email, because pattern matching is how partners triage a full inbox.
For a pre-seed or seed round, start with the 3 early-stage firms listed above rather than emailing every firm on the page. A focused list of five to eight matched investors consistently outperforms a mass send. Before you reach out, make sure your deck answers the stage-appropriate question: validation at pre-seed, repeatable traction at seed, and working systems at Series A.
This page lists 10 active venture capital firms and investment vehicles covering China, concentrated in Beijing, Shanghai, Admiralty. Each listing includes the firm's website, office address, typical cheque size and the rounds it leads or joins.
The firms listed here write cheques across Seed, Growth rounds, with typical cheque sizes ranging from $1M to $500M. 3 of the 10 firms on this page actively invest at pre-seed or seed stage, which is where most first-time founders in China start.
Based on the firms listed here, capital in China concentrates in AI & Deep Tech, Consumer & Marketplace, Generalist, Healthtech. Founders outside those categories can still raise, but should expect to do more work explaining market size and comparable exits.
Shortlist five to eight firms on this page whose stage and sector match your round, find a warm introduction through a portfolio founder where possible, and send a two-paragraph email with a link to an investor-ready deck. Cold outreach works in China when the first line makes the traction obvious.