Participated · Series B · Jun 2026

Over the past year Silicon Mobile Technology has achieved explosive growth in the enterprise market, operating a Token-factory model to deliver efficient MaaS (model-as-a-service). The company reports daily token call volumes reaching tens of trillions and serves more than 10 million users and over 10,000 enterprise customers. Its revenue grew by more than 10x year-over-year, and its overseas business reached monthly revenues in the hundreds of thousands of U.S. dollars. The firm positions itself across the energy, chip, compute infrastructure, cloud services, large-model and scenario-application ecosystem and has attracted investment from leaders across those segments. The announcement did not disclose founding year or headquarters location.

Participated · Series D · May 2018

Meiweibuyongdeng is a restaurant booking app launched in 2013. The platform enables users to book restaurants and places an emphasis on reducing wait times for dining. In May 2018 the company closed a Series D1 equity round of RMB400 million (US$63 million). That round valued the startup at RMB4 billion (US$631 million). Previous investors include Meituan‑Dianping, Baidu and Alibaba’s local services platform Koubei. The company is planning to open a shared kitchen where customers can order and share food.

Led · Equity · Oct 2017

Tujia operates an online booking marketplace for short-term alternative accommodations and competes directly with Airbnb in China. The company separated its online booking business from its offline unit earlier this year. CEO Luo Jun says the firm will use new capital to standardize elements of its accommodations—such as linen washing, cleanliness, and smart capabilities—and to invest in the domestic high-end real estate market and overseas expansion. Tujia reports 180 million downloads, several hundred thousand daily booking inquiries, coverage of 345 destinations in China and more than 1,000 overseas via partnerships, and about 650,000 listings. The company has pursued M&A, acquiring rival Mayi.com in June.

Participated · Equity · Dec 2013

eHi Auto Services is a Shanghai-based car rental company led by CEO and Founder Ray Zhang. The company provides car rental services to both corporate clients and consumers across 80 cities. It operates more than 400 service outlets and its fleet exceeds 13,000 vehicles covering 100 different vehicle types. eHi received an investment of over $100m from Ctrip.com International Ltd. and other existing investors. Ctrip will become the company’s second-largest strategic partner after Enterprise Holdings, which invested in 2012. Past investors include Qiming, Ignition, Jafco, New Accesss, CDH, Goldman Sachs and Enterprise. eHi Car Rental is a Shanghai-based operator offering customer-oriented self-drive service, short-term chauffeured service and long-term fleet management for corporate clients. It operates over 120 self-drive locations in 34 cities and provides chauffeured service in over 70 cities, serving over half a million customers. Its fleet exceeds 4,000 vehicles, ranging from mini-size cars to 53-seat buses. The company signed a US$70M agreement with a consortium of international investors led by Goldman Sachs. Management said the proceeds will be used to expand the fleet and geographic coverage, provide more value-added services, pioneer a greener lifestyle through car sharing, and promote fleet outsourcing to more corporate clients. The transaction is expected to complete soon as eHi aims to maintain its leading position in China’s car rental market.