Led · Series B · Oct 2025

Founded in late 2023, LiblibAI has become China’s largest multimodal AI model and creative community, integrating image, video, 3D and LoRA training capabilities into a single platform. Its product suite spans the entire AI creative workflow—from inspiration and visual design to dynamic video generation—enabling creators to move seamlessly from concept to finished content. The company’s “tools + community” strategy aggregates leading open- and closed-source generation models while incentivizing user contributions, helping it attract more than 20 million creators across illustration, photography, e-commerce, posters and IP design. In October 2025, LiblibAI released version 2.0, transforming the offering from a simple tool aggregator into a professional AI creative studio with multi-model composition and pro-level visual-effects templates. Management plans to leverage its newly raised capital to accelerate global expansion and build a worldwide multimodal content ecosystem. Financially, the firm has just secured a $130 million Series B round—the largest AI application raise in China this year—providing significant runway for growth and team expansion.

Participated · Series B · Jan 2024

M Stand is a newly emerged coffee chain positioned on “better coffee and more fashionable social space.” Since entering the market earlier this year, the brand has pursued aggressive physical expansion, growing store count multiple-fold at a pace of over 10 new stores in a single month. It has expanded beyond Shanghai into Hangzhou, Ningbo, Shenzhen and Guangzhou, and is targeting scenes including business, leisure, community and transport hubs. The company emphasizes a trendy brand DNA to move from a social-media “check-in” destination into mainstream consumer segments. M Stand recently completed a sizable financing round, which the company has framed as supporting its rapid roll-out and commercialization. EIKAI Capital served as the company’s chief financial advisor on the transaction.

Led · Series B · Jul 2021

Maycur is a software-as-a-service (SaaS) firm. DealStreetAsia reports the company raised 200 million yuan (approximately $30 million) in a Series B++ financing. The round was backed by CMC Capital. The article does not provide product-level details, customer metrics, revenue figures, or operating performance. No information on future plans, valuation, or use of proceeds was disclosed in the piece.

Led · Series E · Jul 2021

HeFu Laomian operates a nationwide chain of Chinese noodle restaurants, using a signature “Chinese study” flagship store format in premium malls. The company focuses on mid-to-high-end Chinese noodle dishes and multi-brand餐饮 (multi-brand restaurant) expansion. It has sustained revenue growth of over 50% year-over-year for several years, with average single-store revenue around ¥550,000/month, monthly sales per square meter (坪效) of ¥4,800, per-employee productivity of ¥55,000/month, and an average ticket price of ¥45. As of June 2021 the chain had more than 340 stores, opened its 100th Shanghai store in May, and was opening roughly one new store every two days, targeting about 450 stores by year-end. The company plans to use new capital to build out an industry-chain ecosystem, create new brands, expand channels, and develop digital capabilities to support multi-brand growth.

Participated · Series B · Jan 2021

WeRide develops full-stack autonomous driving software and hardware aimed at enabling robotaxi operations and other self-driving mobility services. The company has struck international partnerships, including deals in Southeast Asia with Uber, to broaden the deployment of its technology. It competes directly with other advanced players such as Pony.ai, Baidu’s Apollo Go and Alphabet’s Waymo. Financially, WeRide raised $440.5 million in its U.S. Nasdaq IPO in October 2024 and followed that with a 2.39 billion HKD ($306 million) secondary listing in Hong Kong last week. Despite these sizable capital injections, its share price dropped by up to 15% immediately after the Hong Kong debut amid an oversupplied local IPO market and concerns about overseas expansion. The fresh capital is expected to support continued R&D and geographic growth, though the company faces fierce competition and market skepticism. Uber remains a notable backer, highlighting strategic alignment with global ride-hailing platforms.