Participated · Series A · Feb 2021

Founded in 2016 by New Hope Group, Xianshenghuo Cold Chain provides end-to-end cold-chain logistics, smart logistics, supply-chain and finance services for restaurant chains, fresh retailers and food producers. The company builds city cold-chain intelligent park networks and invests in digital technology R&D to integrate industry resources. It operates more than 70 branches, serves over 2,500 customers, and its flexible fulfillment network covers 31 provinces and nearly 700 cities with over 300,000 delivery points. Xianshenghuo emphasizes both software and hardware investment to strengthen warehousing, transport capacity and technological capabilities. The business has positioned itself as a leading food-ingredient circulation player in China and aims to deepen investment in cold-chain infrastructure and digitalization to expand service capacity. Xianshenghuo operates a tech-enabled logistics, warehousing, and distribution network that delivers fresh produce from farmers to enterprise customers including food processors, retailers, and catering companies. It runs a closed-loop management system covering the entire supply chain, enabling clients to order and pay for produce online while using automatic scheduling, demand forecasting, and other tools to improve efficiency. The platform also offers upstream services to farmer suppliers such as system and vehicle support, tax optimization, and financial management. As of the end of 2020 the company had a fleet of 45,000 cold chain-enabled delivery vehicles (own and third-party), 50,000 drivers, and over 120,000 square meters of cold storage, serving around 500 million shoppers in large and medium-sized Chinese cities. Xianshenghuo was launched in 2016 as a spin-out of New Hope Group and is based in Chengdu. Its Series A close comes amid a major growth spurt in China’s e-grocery and cold chain logistics sector.

Participated · Series C · Aug 2015

Tuhu operates an online marketplace for automobile after-sales products and services, selling tires, maintenance products, accessories and car wash services. The company reaches customers via its website, mobile app, call center and major third-party e-commerce platforms. It supports same‑day or next‑day delivery and installation through more than 15 fulfillment centers and a network of over 6,500 local service store partners in more than 260 cities across mainland China. Led by founder and CEO Chen Min, Tuhu completed a $100M Series C financing. The company intends to use the funds to further invest in people, technology and its offline presence. No revenue or user metrics were disclosed in the article.