Participated · Equity · Oct 2025

Contemporary Amperex Intelligent Technology (CAIT-SH) is a 2021-founded subsidiary of battery giant CATL focused on intelligent vehicle platforms. Its flagship product, the Panshi skateboard chassis, embeds EV battery cells into the vehicle frame to boost safety, extend driving range, and cut automaker development time and cost. Since early 2024, CAIT-SH has signed partnerships to deploy Panshi with BAIC Group, Avatr Technology, JAC Motors, and VinFast across China, Southeast Asia, the Middle East, and Europe, and has presented the platform to Porsche AG. The company operates production and testing facilities in Yichun and Shanghai and employs about 600 people. Multiple Chinese media reports place its post-financing valuation above 10 billion yuan (≈$1.4 billion). Proceeds from its first outside round will fund mass production and commercialization of Panshi.

Participated · Series A · Jul 2025

RD Technologies is a Hong Kong-based fintech group founded in 2020 that focuses on building compliant stablecoin infrastructure and bridging Web2 enterprises with Web3 financial systems. Its flagship project is HKDR, a 1:1 Hong Kong dollar stablecoin backed by high-quality, highly liquid assets held in segregated custody with licensed financial institutions and subject to regular independent attestation reports. The company deploys enterprise-grade infrastructure for digital currency transactions and asset tokenization while emphasising responsible, sustainable innovation and industry-wide collaboration. RD InnoTech, part of the group, was admitted to the Hong Kong Monetary Authority's stablecoin issuer sandbox in July 2024 and intends to launch HKDR subject to regulatory requirements. RD plans to accelerate regulated stablecoin infrastructure ahead of Hong Kong's new licensing regime and to explore compliant stablecoin applications in financial services. As part of those efforts it signed a strategic MOU with ZA Bank to explore reserve asset custody and potential distribution roles for its stablecoin. Financially, RD Technologies recently completed an approximately US$40 million Series A2 financing following a Series A1 round in September 2024. RD Technologies builds a compliant financial platform intended to bridge Web2 and Web3, deploying fintech to enable easier access to financial services and enhance trade efficiency. The company is developing HKDR, a 1:1 Hong Kong Dollar stablecoin with reserves held in segregated custody and regular independent attestations. In July 2024 RD InnoTech Limited, its stablecoin issuer subsidiary, was admitted to the Hong Kong Monetary Authority stablecoin issuer sandbox to test HKDR's operational plan. RD Wallet Technologies Limited, another subsidiary, holds a Hong Kong Stored Value Facility licence (SVF0016) and began operations at the end of 2023, offering multi-currency fiat accounts for businesses. RD Technologies emphasizes its ties to Web3 infrastructure partners and stakeholders to support product rollout and regulatory compliance. The company raised financing to continue building its platform and to contribute to the development of Hong Kong's Web3 ecosystem.

Led · Equity · Feb 2021

Plus develops self-driving truck technology centered on its driver-in autonomous driving solution, PlusDrive. The company is commercializing PlusDrive with truckmakers and fleet partners, including a jointly developed automated truck with FAW and pilots with large fleets such as SF Express. Plus is in the final stages of certifying PlusDrive for commercial operation in China and plans to start mass production of the PlusDrive-powered automated truck this summer. The additional funding will enable Plus to expand global operations and commercial deployment across the U.S., China, Europe, and other parts of Asia. Plus says its technology delivers safety, efficiency, comfort, and sustainability benefits to truck makers and fleets. Financially, Plus announced a new $220 million funding round that is described as an extension of a $200 million round announced last month. Plus builds a full‑stack automated driving system for heavy trucks and works with truck manufacturers, shippers, and fleet operators to deploy that system at scale. The company says mass production of its automated trucks will begin in 2021 and it has more than 10,000 pre-orders. Plus plans to use recent funding to accelerate global commercialization, scale deployments in the U.S. and China, expand into Europe and other parts of Asia, and build a sales and support network to help fleets integrate its system. It also intends to grow its engineering team to continue developing its autonomous driving technology. Plus has completed pilots with major logistics providers, completed a cross‑country commercial freight run with Land O’Lakes, and entered a joint venture with FAW to be an exclusive autonomous trucking technology provider. The company was founded in 2016 and is headquartered in Cupertino, California.

Participated · Series B · Jan 2021

VSPN (Versus Programming Network) is a Chinese esports total-solutions provider that facilitates and broadcasts esports competitions and has expanded into related areas such as esports venues. It serves as the principal tournament organizer and broadcaster for a number of top competitions, partnering with more than 70% of China’s esports tournaments. The company offers end-to-end services across event organization, production and streaming for the esports ecosystem. VSPN plans to use new funding to branch out its overseas esports services and showcase diversified esports products and content. Dino Ying, founder and CEO, said the company is preparing for a new era in esports as the industry matures. The article does not disclose revenue or user metrics beyond its tournament partnerships. Founded in 2016 and headquartered in Shanghai, VSPN was an early pioneer in esports tournament organization and content creation out of Asia. The company operates a large content-production ecosystem and says it is by far the largest esports organization in China, with over 1,000+ employees and coverage of every major tournament. Beyond tournament production, VSPN has expanded into offline venue operations and has begun hosting large-scale events with in-person audiences under COVID-19 prevention measures. VSPN is pursuing a short-form video strategy and plans to work with platforms worldwide, with investor/partner Kuaishou positioned to support content distribution. The company is investing in data and R&D via a research center and is testing new technologies such as AR and VR to create novel esports experiences. Leadership includes founder and CEO Dino Ying and co-founder/president Ethan Teng.

Participated · Series C · Dec 2020

Horizon Robotics develops technology and solutions for autonomous driving in China. The company is publicly listed in Hong Kong and positions itself at the core of the self-driving ecosystem. Horizon intends to channel newly raised capital into continued research and development efforts. Management also plans to invest in emerging initiatives such as its Robotaxi program. By strengthening its R&D pipeline, the company aims to accelerate deployment of advanced autonomous driving products and services. No operating metrics such as revenue or user figures were disclosed in the article.