Participated · Equity · Feb 2026

Founded in 2021 by former Baidu Apollo engineers Zhuang Li and Kong Qi, Jiushi Intelligence focuses on L4-level driverless technology for urban distribution and logistics. Its flagship RoboVan line, including the Z-, E- and L-series vehicles, handles loads from 2 m³ to over 1.8 tons and operates in closed parks as well as open urban roads without high-definition maps. The company has built a fleet of more than 20,000 autonomous vehicles that serve over 300 cities across more than 10 countries, completing 1.5 billion cumulative deliveries and helping customers cut operating costs by an average of 66%. Jiushi claims an 88 % share of the medium- and large-sized RoboVan market and a 76 % share among key express and logistics clients. Flexible payment models such as “low-cost hardware + software installments” and major contracts—like China Post’s lease for 7,000 vehicles—have accelerated commercialization. Continuous technology improvements have reduced remote-operation labor to under 3 % of monthly costs, supporting large-scale deployment. To date the firm has publicly raised well over $800 million and is valued at more than RMB 10 billion (≈$10 billion).

Participated · Equity · Oct 2018

RoboSense is a world-leading provider of Smart LiDAR Sensor Systems. Its portfolio comprises LiDAR sensors, AI algorithms and IC chipsets that transform conventional 3D LiDAR sensors with comprehensive data analysis and interpretation systems. The company pioneers core technologies in LiDAR hardware, smart sensor software and chips and showcased its second-generation solid-state LiDAR RS-LiDAR-M1 at BYD's 2021 CEO annual meeting. RoboSense secured fixed-point project orders of multiple vehicle models in 2021. It has entered a strategic investment agreement and a strategic cooperation framework agreement with BYD to deepen partnership and continuously upgrade its intelligent perception capabilities. The cooperation aims to form an integrated technology matrix, broaden vertical coverage across the industry chain, and promote innovation and transformation in the smart new energy vehicle industry. RoboSense develops LiDAR environment-aware solutions for autonomous vehicles, with a stack that spans chips, LiDAR sensors and intelligent sensor systems that incorporate AI-aware algorithms. The company focuses on perception technology for autonomous driving, including solid-state LiDAR and AI sensing algorithms. It intends to use recent funding to increase market share, advance R&D of autonomous vehicle technologies and accelerate product development, long-term manufacturing and market penetration. Founded in 2014 and based in Shenzhen, China, RoboSense emphasizes core technology innovation across sensors and software. Prior investors include automotive, financial and AI backers such as Haitong Securities, Fosun Group, Oriental Fortune Capital, Kinzon Capital and Guangdong Investment Pte Ltd. The company reported closing new financing to support its expansion and R&D plans.

Participated · Equity · Jul 2018

GOGOX is a Hong Kong-based logistics platform. The company operates a digital logistics platform serving customers in the region. According to the article, GOGOX has raised nearly $100 million in a fresh funding round. The round was co-led by BOCOM and CMF. The article does not provide details on operating metrics, use of proceeds, or specific financing instruments. GoGoVan is a Hong Kong-based on-demand logistics service anchored around short-distance logistics and trips. The company became Hong Kong’s first billion-dollar startup via a merger last year and, together with 58 Suyun, claims to cover 300 cities with about eight million registered users and roughly 2,000 staff. GoGoVan plans to introduce a door-to-door option and other offerings intended to simplify logistics and delivery services. It has primarily focused on China to date but intends to expand into India and Southeast Asia using new capital. The company raised $250 million in the first phase of a new funding round and did not disclose a valuation for this raise. GoGoVan positions itself against rival Lalamove, which raised $100 million last year and is exploring an IPO. GoGoVan operates an app marketplace that connects van drivers with users for on-demand delivery and logistics. Launched in July 2013 and based in Hong Kong, the company has access to 18,000 registered commercial vehicles. It has processed more than one million transactions with a total value exceeding HK$120 million (about $15.5M) and manages roughly 300,000 transactions per month in Hong Kong. Corporate clients include Kerry Logistics, SF Express, and DHL. After expanding into Singapore, GoGoVan plans to use new funding to add product features and continue expansion into additional Asian markets. Co-founder and CEO Steven Lam said the company captured close to 50% of independent logistics providers in Hong Kong within nine months of launch.

Led · Equity · May 2018

ZTO Express is a Shanghai-based courier and logistics company that runs a partner-based network to provide parcel and delivery services for major e-commerce platforms. Its clients include Alibaba and rival JD.com, and the company has senior management ties to Alibaba’s logistics affiliate (ZTO CFO Huiping Yan previously worked at Cainiao). ZTO went public on the NYSE in 2016, raising $1.4 billion in what was that year’s largest U.S. IPO. The company’s share price closed at $19.30 (an all-time high since its IPO) ahead of the announced deal. ZTO has faced controversy, including a lawsuit alleging it exaggerated profit margins around its 2016 listing, which the company has denied. The announced investment is framed as supporting digitalization and faster logistics to enable Alibaba’s ‘new retail’ strategy that merges e-commerce and offline retail.