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The Venture Codex

Yao Capital

Suite A, 10A, Jiushi Plaza, No 28 Zhong Shan Nan Road, Shanghai, 200010, China

Overview

Established in January 2016, Yao Capital(www.yaoweicapital.com) is an CNY 2 billion private equity firm co-founded by NBA Hall of Famer Yao Ming and 4 veteran investors including David Han, former Chief Investment Officer of Wanda Group and former Managing Director of the Carlyle Group, and Erik Zhang, team Yao leader. Yao Capital focuses on growth and buy-out stage investment opportunities in global sports industry with a China angle.

Total investments
3
Lead investments
2
Investments · 12mo
0
Active investors
1

Sector focus

  • Crowdfunding
  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Supermonkey

    Led · Series D · Feb 2019

    Super Monkey operates nearly 70 self-operated offline studios in top-tier Chinese cities including Beijing, Shanghai, Shenzhen, Nanjing, Wuhan and Chongqing. Its core offering is retailed group fitness classes, and it has expanded into long-cycled training camps, B2B training under "Super Monkey Academy," and brand derivative products. In early 2019 the company launched "SUPERMONKEY Mini" for one‑on‑one personal training and small-group classes and planned expansion to Guangzhou, Shanghai and Beijing, with a broader push toward nationwide personal training services. Management is positioning Super Monkey as a lifestyle brand addressing users' needs across training, catering, accessories and travel while pacing user growth. Operationally the company has developed an office administration system (updated 80 times) and initiated city partnerships to support rapid expansion and talent management. The company planned to open 100 new group-class studios across its nine cities by 2019 and emphasizes training and talent development through Super Monkey Academy to staff that growth. Supermonkey operates a paid group-class fitness model that turns traditional free gym classes into a retail system of purchasable group courses. The company offers about 100 types of classes (44 are especially popular), uses Les Mills content while developing its own proprietary courses, and has established a "Supermonkey Academy" for trainer training and R&D. It currently has fewer than 30 locations and a staff of roughly 150, about 50 of whom work in backend R&D; average daily classes in Beijing, Shanghai and Shenzhen reach about 10. Management says it devotes 20% of annual profits to internal R&D and runs a personal-trainer agent program to recruit and develop instructors. Supermonkey plans rapid national expansion, targeting roughly 100 locations in 2018 and entry into Guangzhou, Chengdu, Hangzhou and Nanjing, and is exploring B2B content licensing to other gyms. The company’s valuation already exceeds ¥1 billion and founders cite substantial member upsell potential based on backend data.

  • Moviebook

    Led · Equity · Sep 2018

    Moviebook is identified in the article as a technology company. Chinese private equity firm Yao Capital injected $29.2 million into Moviebook, per the DealStreetAsia China Digest. The coverage describes the transaction as an injection by a private equity firm but does not specify whether the funds were equity, debt, or another instrument. The article provides no details about Moviebook's product offerings, business model, or strategic plans. No operating metrics (revenue, users) or intended use of proceeds were disclosed. The piece also does not mention Moviebook's founding year, location, or prior funding rounds. Moviebook is a Beijing-based startup that develops technology to support online video services. It aims to leverage vast amounts of broadcasting, TV and internet video data to enable commercial opportunities for entertainment customers. The company will collaborate with SenseTime on a range of AI technologies, including augmented reality, to increase the use of AI in the entertainment industry. Financially, Moviebook completed a ¥1.36 billion (US$199M) Series D led by SenseTime. Previously it raised a ¥500 million Series C in 2017 (around US$75M). Other participants in the Series D included SB China Venture Capital (SBCVC), Qianhai Wutong, PAC Partners, Oriental Pearl and Lang Sheng Investment.

  • Mailman

    Participated · Series A · Aug 2017

    Mailman is a digital marketing agency that provides digital marketing services. The company raised $3 million in an A+ round, according to the article. The round was backed by China-based venture capital firms Kaixin Capital and Yao Capital. The article does not report any operating metrics, revenue, user counts, or specific future plans for Mailman. No additional financing details or participating investors were provided beyond the two named firms.

Team

  • David Han

    Co-Founder and Chief Executive Officer

    LinkedIn