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The Venture Codex

Overview

Online direct sales company with significant market share in China.

Founded

1998

Deals · 12mo

2

Stage focus

Series C

Geographic focus

China
United States

Sector focus

E-Commerce
Internet
Logistics
Marketplace
...

Investment portfolio

22rounds
NAMEDATESIZE
DeepSeek
Jun 2026Participated
$7.4 BOther Equity
Zhuji Dynamics
Feb 2026Participated
$200 MSeries B
PaXini Tech
Aug 2025Led
$139 MSeries A
OakDeer Robotics
Jul 2024Led
$27 MOther Equity
Xingsheng Youxuan
Dec 2020Led
$700 MOther Equity
Terminus Technologies
Aug 2019Participated
$283 MSeries C
Xinning Logistics
May 2019Led
$55 MOther Equity
Zhidaohulian
Feb 2019Participated
$120 MSeries A
Gojek
Jan 2019Participated
$920 MOther Equity
Dada Group
Aug 2018Led
$500 MOther Equity
Tiki
Jan 2018Led
$50 MSeries C
Pomelo Fashion
Oct 2017Led
$19 MSeries B
DeepSeek
Jun 2026Participated
$7.4 BOther Equity
Zhuji Dynamics
Feb 2026Participated
$200 MSeries B
PaXini Tech
Aug 2025Led
$139 MSeries A
OakDeer Robotics
Jul 2024Led
$27 MOther Equity
Xingsheng Youxuan
Dec 2020Led
$700 MOther Equity
Terminus Technologies
Aug 2019Participated
$283 MSeries C
Xinning Logistics
May 2019Led
$55 MOther Equity
Zhidaohulian
Feb 2019Participated
$120 MSeries A
Gojek
Jan 2019Participated
$920 MOther Equity
Dada Group
Aug 2018Led
$500 MOther Equity
Tiki
Jan 2018Led
$50 MSeries C
Pomelo Fashion
Oct 2017Led
$19 MSeries B
22
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

JD.com: 22 funding rounds are recorded in the selected participation categories.All available history.
JD.com: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A12
Series B11
Series C+26
Other Equity54

Monthly Deal Activity

JD.com: 22 deals are recorded across 146 months.All available history.
JD.com: 22 deals are recorded across 146 months. All available history
MonthDeals
Sep '141
Oct '140
Nov '140
Dec '142
Jan '151
Feb '150
Mar '150
Apr '150
May '151
Jun '151
Jul '151
Aug '152
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '171
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '191
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '191
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

JD.com: E-Commerce & Retail is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

JD.com: E-Commerce & Retail is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
E-Commerce & Retail9
Hardware & Robotics9
Networks, Cloud & Communication8
Transportation & Logistics7
Consumer & Lifestyle4
Professional Services4
Health & Life Sciences3
AI & Machine Learning3
Travel & Hospitality2
Enterprise Software2
Manufacturing2
Food & Agriculture2
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Real Estate & Construction1
Space & Frontier Tech1
Marketing & Advertising1
Fintech1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

JD.com: 22 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

JD.com: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M1
$10M-$25M1
$25M-$50M3
$50M-$100M5
$100M-$250M3
$250M-$500M3
$500M-$1B4
$1B+1

Deals By Geography

JD.com: China has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

JD.com: China has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
China14
United States3
Europe1
Taiwan1
Indonesia1
Thailand1
Vietnam1
JD.com: 20 co-investors are shown, with Tencent sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

JD.com: Led accounts for 41% and participating for 59% of round participation.All available history.
JD.com: Led accounts for 41% and participating for 59% of round participation. All available history
CategoryDeals (count)Share (%)
Led941%
Participating1359%
JD.com: Single-lead accounts for 78% and co-led for 22% of lead dynamics.All available history.
JD.com: Single-lead accounts for 78% and co-led for 22% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead778%
Co-led222%

Team

Haoyu Shen

CEO - JD Mall

Harlan Bratcher

Global Business Development Head

Richard Liu

Senior PR manager

Sandy Ran Xu

Chief Executive Officer and Executive Director

Shengqiang Chen

CEO - Internet Finance

Vicky Zhuang

GM, International Business, North America

Zhen Fan

Software Development Engineer