# CPE: portfolio, investments and team

> CPE is an investment firm based in China. 5 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/cpe-2 (Millionrounds; every figure on the page links to its filing or article)

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

# CPE

Last cheque observed Oct 2026; 5 cheques on record.

Deploying now Investment firm

Growth Series C Customer Service Telecommunications Impact Investing

Deploying now

**100%** of best year **3** **cheques in 12 months**, 5 on record

Since the last cheque **18** days **00** hrs **00** min **00** sec

Median round **$2.0B** Rounds led **1 of 5** Mostly in **China, 80%**

Pitch CPE

## CPE highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Growth and Series C: 100% of its rounds
- 03 Led 1 rounds

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Customer Service Telecommunications Impact Investing
- **Based in:** Beijing, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2026** 3 rounds
- **Oct** **[DeepSeek](https://millionrounds.com/company/deepseek)** CN · Google News search **$15B** With 18 others
- **Jul** **[Kling AI](https://millionrounds.com/company/kling-ai)** Growth · CN · TechNode **$3.0B** *Led*
- **May** **[Moonshot AI](https://millionrounds.com/company/moonshot-ai)** CN · TechCrunch **$2.0B** With 5 others
- **2021** 1 round
- **Jun** **[Insilico Medicine](https://millionrounds.com/company/insilico-medicine)** Series C · HK · Firms' own news pages **$255M** With 18 others
- **2019** 1 round
- **May** **[Chuangmi Technology](https://millionrounds.com/company/chuangmi-technology)** CN · Voice **$15M** With 2 others

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 **7 named**

CN **Ching Nar Cindy Chan** Director of Cpe Funds Management Limited i Form ADV

KW **Kin Wa Choi** Alternative Director of Cpe Funds Management Limited i Form ADV

LN **Lei Nie** Director of Cpe Funds Management Limited i Form ADV

MK **Man Kin Kwong** Alternative Director of Cpe Funds Management Limited i Form ADV

PL **Pak Leung Tang** Alternative Director of Cpe Management International Limited i Form ADV

WS **Wai Shan Wong** Director of Cpe Funds Management Limited i Form ADV

YH **Yongbing He** Director of Cpe Funds III Limited i Form ADV

We also hold **9** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$6.3B** gross assets of its funds, 2 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** CPE Funds Management Limited
- **SEC number:** CRD 161479

## The cheque

Growth Series C

Median round joined **$2.0B** the round, not its cheque

Led 1 of 5 rounds **20%**

- **Sole investor:** Never alone
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Growth *1*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) 2

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## Who they invest alongside

The investors most often in the same rounds as CPE. A count of rooms they were both in, not a relationship either has claimed.

[**Tengxun Touzi** VC firm **2** rounds together](https://millionrounds.com/fund/tengxun-touzi)

## Recently backed

The latest companies CPE put money into.

[**DeepSeek** $15B · Oct 2026](https://millionrounds.com/company/deepseek)[**Moonshot AI** $2.0B · May 2026](https://millionrounds.com/company/moonshot-ai)

## Quick answers about CPE

### What does CPE invest in?

CPE invests most often at Growth and Series C (100% of the rounds on record), in sectors such as Customer Service, Telecommunications and Impact Investing.

### How active is CPE?

5 investments on record, 3 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has CPE invested in recently?

Its most recent investments on record: DeepSeek (Undisclosed round, Oct 2026), Kling AI (Growth, Jul 2026) and Moonshot AI (Undisclosed round, May 2026).

### How big are CPE's cheques?

The median round it joins is $2.0B.

### Does CPE lead rounds?

Yes: it led 1 of its 5 investments on record (20%).

### Where does CPE invest?

Most of the companies it backs are in China (80%) and Hong Kong SAR China (20%).

### Is CPE investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does CPE invest alongside?

Most often Tengxun Touzi (2 rounds together).

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