Plug & Play China
Block G, Zhizao Street Zhongguancun, Haidian District, Beijing, 100080, China
Overview
Plug and Play China is an ecosystem and has created a multi-dimensional open innovation platform that includes universities and research labs, government agencies, venture capital firms, and city innovation partners. They connect large corporate partners with early-stage and growth-stage start-ups with consistent strategies to jointly build an innovation ecosystem.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 2
Sector focus
- Asset Management
- Finance
Investment portfolio
- CODE27
Participated · Seed · Mar 2026
CODE27 develops interactive character technology that combines holographic-style display hardware with real-time voice, vision, and memory capabilities to create immersive virtual companions. The company positions its products to bring characters from anime and games into fans’ lives via dedicated hardware experiences. It operates from Covina, CA and has additional offices in Silicon Valley, Tokyo and Shenzhen. In March 2026 the company raised over $10M in seed and seed extension funding. CODE27 plans to use the new funding to expand operations and advance its development efforts. The article did not disclose revenue, user metrics, investors, prior rounds, or valuation.
- Dowsure
Participated · Series B · Feb 2022
Dowsure (豆沙包) operates a digital API platform serving cross-border e‑commerce sellers. In 2017 it pioneered cross-border e‑commerce insurance in China, and in 2019 it launched digital financial products with banks using its API technology, models, and algorithms. Over years in the sector it has accumulated cross-border scenario understanding, system implementation capabilities, and risk‑control technology output. On July 19 the company completed a B3 financing round totaling several tens of millions of RMB. The financing came from the Service Trade Innovation Development Guidance Fund. Dowsure says it will use technology‑driven product innovation to empower domestic and foreign financial institutions and provide inclusive, reasonable, and convenient financial services to domestic cross‑border e‑commerce SMEs. Dowsure is a Shenzhen-based fintech that provides unified lending experiences and lending technology for cross-platform sellers on marketplaces such as Amazon, eBay, Shopee, Lazada and Shopify DTC sellers. It serves as Amazon’s lending service provider and has built a proprietary assessment model with data API connectivity and account-locking features. The company works with dozens of Chinese banks to enable pure credit loans based on store data with no collateral, acting as technology and data provider. Its lending technology business has operated for eight months and has facilitated more than CNY 35 billion in GMV for Chinese sellers on the Amazon platform. Dowsure says its assessment model and algorithms can be implemented for other digital assets that have continual online cash flow but are underbanked by traditional financial institutions. Following the $20M Series B, the company intends to use the funds to accelerate growth and expand operations.
Team
Saeed Amidi
Founder & CEO
ZHU Xiaowen
LinkedIn