Participated · Series C · Jan 2024

Meishubao, founded in 2014, began as an online platform connecting high-school art students and art training institutions. It offers online courses, painting critique, and information on art colleges, and has expanded into Meishubao 1to1 for children aged 4–12. The company also provides Microschool, a SaaS product for art training institutions, aiming to build a comprehensive art education network in China. Meishubao plans to add one-to-many classes and AR animation courses this summer. Operating metrics cited include a teacher wage cost reduced to 30% of per-customer transaction, online course pricing at CNY 100 (50–70% of offline class price), and a free-trial conversion rate of approximately 30%. Founder Gan Ling projected the company would make a profit of CNY 700 million in 2019. Meishubao Education is a Chinese online art education platform. The company is backed by Tencent. It focuses on delivering art education courses and services online. It announced the completion of a Series D round of financing at $210 million. The financing round was led by TPG’s global impact investing platform, The Rise Fund. The company made the announcement on Thursday.

Led · Series A · Mar 2022

Enpower focuses on research and development of next-generation batteries and core materials, including lithium metal and all-solid-state batteries. The company says it integrates resources across China, Japan and the United States to build independent innovation capability and efficient execution. Enpower maintains long-term R&D partnerships with Nobel laureate Professor John Goodenough (UT‑Austin) and Professor Ryoji Kanno (Tokyo Institute of Technology). It also has strategic cooperative relationships with more than 20 upstream, midstream and downstream enterprises to advance industrialization and application of its technologies. In October 2021 Enpower released a lithium metal battery sample reported at 520 Wh/kg, 1100 Wh/L and 3600 mAh, with third-party testing in China and Japan (including Softbank) confirming performance. The company planned trial production in 2022 of soft-packed cells above 10 Ah and is pushing toward commercialization of ultra-high specific energy lithium metal batteries.

Led · Equity · Jan 2022

Apex designs and manufactures high-rate, configurable satellite bus platforms for commercial and government constellation customers. The company has proven hardware in orbit, including the one-year-on-orbit success of its first Aries spacecraft, and recently announced Comet, its largest bus. Apex emphasizes vertical integration, insourcing avionics, power systems, and acquiring Phase Four's Hall-effect Thruster technology to accelerate in-house propulsion production. The company is expanding manufacturing capacity in Los Angeles, signing a lease that adds 55,000 square feet and brings total space to over 100,000 square feet. Apex expects the expansion to increase spacecraft production by about 50 percent and to provide room for R&D, mission services, and payload integration. Financially, Apex completed a $200 million Series D that boosts its valuation above $1 billion, supporting faster delivery at constellation scale. Tanma SCRM is an integrated SaaS platform for marketing and services and an enterprise WeChat service provider. It offers a social SCRM system centered on customer management and sales management to connect customers and manage the full acquisition‑to‑operation lifecycle. The platform targets B2C and B2B enterprises across education and training, finance and insurance, medical beauty, home improvement, manufacturing, and enterprise services. Tanma emphasizes professional staff workflows—sales, consultants, and experts—to build trust and support long decision‑making cycles and high brand loyalty. Through content and tools it aims to improve employee expression and work efficiency, strengthen brand trust, and generate word‑of‑mouth sharing by customers. Founded in 2020, the company has completed multiple financing rounds including an A, B, and a B+ prior to the current investment.

Participated · Series C · Jun 2020

Tongcheng Life operates a community group-buying platform that lets customers order produce directly from farmers via a WeChat mini-program or through participating local store owners. Customers are banded into local buying groups to purchase in bulk, and orders are delivered to local stores or smart lockers for pickup. Fresh foods account for about 70% of the company’s volume, with the remainder made up of household goods and similar items. The model aims to reduce consumer prices and increase farmer returns by cutting out multiple intermediaries. Launched in 2018 and incubated by Tongcheng-Elong, the Suzhou-based startup plans to use new capital to enhance its supply chain and expand in eastern and southern China. Tongcheng Life has drawn significant agrifoodtech investment, including a prior $100 million Series B led by Legend Capital.

Participated · Series C · Oct 2018

Linklogis is a China-based supply chain finance and technology company. It uses big data, artificial intelligence and blockchain technology to provide supply chain financing solutions to Chinese micro and small enterprises. The company's core offering is supply chain financing technology tailored to micro and small enterprises in China. Linklogis has attracted both strategic and financial investors and recently raised US$220 million in a Series C financing round led by GIC. Additional participants included GLP, Skyworth, China Oceanwide, Welight Capital and existing investors Bertelsmann Asia Investments, Tencent Holdings, CITIC Capital and Loyal Valley Capital. The article does not disclose operating metrics, a valuation, or specific use of proceeds.