# China Equity: portfolio, investments and team

> China Equity is a private equity based in China. 11 investments on record, latest Jul 2018. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/chinaequity-investment-co (Millionrounds; every figure on the page links to its filing or article)

China · [Investor](https://millionrounds.com/investors)

# China Equity

Filed with the SEC to raise a fund in Sep 2026, closing $4M. Last cheque observed Jul 2018.

Quiet New fund $3.9M, Sept 2026 Private equity

Series A Series B Series C Financial Services

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 11 on record

Since the last cheque **3016** days **00** hrs **00** min **00** sec

Median round **$59M** Rounds led **0 of 11** Sole investor **7 rounds** Exits **1 from the portfolio** Mostly in **China, 100%**

Pitch China Equity

## China Equity highlights

- 01 11 rounds on record
- 02 Mostly Series A and Series B: 70% of its rounds
- 03 Sole investor in 7 rounds, median $2.4M
- 04 1 exits from the portfolio

## What they do

> The page mentions 'portfolio' and congratulates portfolio companies on IPOs, indicating it invests in companies. Translated from Chinese, from their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Sectors:** Financial Services
- **Based in:** Beijing, China
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **11 appearances**

- **2018** 1 round
- **Jul** **[Bliss Cake](https://millionrounds.com/company/bliss-cake)** Series B · CN · China Money Network **$59M** With 3 others
- **2015** 2 rounds
- **Jul** **[Livall Riding](https://millionrounds.com/company/livall-riding)** Series A · CN **$13M** Sole investor
- **Mar** **[Juesheng.com](https://millionrounds.com/company/juesheng-com)** Series B · CN **Undisclosed** Sole investor
- **2013** 1 round
- **Mar** **[Pinwine.cn](https://millionrounds.com/company/pinwine-cn)** Series B · CN **Undisclosed** With 1 other
- **2011** 2 rounds
- **Oct** **[Eayun](https://millionrounds.com/company/eayun)** CN **Undisclosed** Sole investor
- **Jan** **[Mbaobao](https://millionrounds.com/company/mbaobao)** Series C · CN **$2.0M** Sole investor
- **2010** 1 round
- **Jan** **[Ifensi.com](https://millionrounds.com/company/ifensi-com)** Series A · CN **$27M** Sole investor
- **2007** 1 round
- **Mar** **[Ifensi.com](https://millionrounds.com/company/ifensi-com)** Seed · CN **$2.4M** Sole investor
- **2004** 1 round
- **Jun** **[Baidu](https://millionrounds.com/company/baidu)** Series C · CN · marketwatch.com **$100M** With 8 others
- **2000** 2 rounds
- **Sept** **[LongShine Technology](https://millionrounds.com/company/longshine-technology)** Series A **$1.2M** With 2 others
- **Jan** **[Rising](https://millionrounds.com/company/rising)** Series A · CN **$1.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

CV **Cameron Vail** Managing Director of the General Partner, SALI Fund Partners, LLC i Filing they signed

TA **Thomas A Nieman** Managing Director of the General Partner, SALI Fund Partners, LLC i Filing they signed

We also hold **8** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Baidu](https://millionrounds.com/company/baidu)** Listed **Undisclosed** Aug 2005

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$3.9M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Series B Series C

Median round joined **$59M** the round, not its cheque Alone, median **$2.4M**

Led 0 of 11 rounds **0%**

- **Sole investor:** 7 rounds
- **Last cheque:** Jul 2018
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A *4*
- Series B *3*
- Series C *2*
- Seed *1*

Cheques by year Led Joined

2000 2018

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## Quick answers about China Equity

### What does China Equity invest in?

China Equity invests most often at Series A and Series B (70% of the rounds on record), in sectors such as Financial Services.

### How active is China Equity?

11 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2018.

### What has China Equity invested in recently?

Its most recent investments on record: Bliss Cake (Series B, Jul 2018).

### How big are China Equity's cheques?

The median round it joins is $59M.

### Does China Equity lead rounds?

Rarely, if at all: none of its 11 investments on record names it as the lead.

### Where does China Equity invest?

Most of the companies it backs are in China (100%).

### Is China Equity investing now?

No investments in the last 12 months; the latest was in Jul 2018.

### What kind of investor is China Equity?

China Equity is a private equity firm based in Beijing, China.

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