# Monolith Management: portfolio, investments and team

> Monolith Management is a growth equity based in China. 2 investments on record, 2 in the last 12 months, latest Oct 2026.

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

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

# Monolith Management

Last cheque observed Oct 2026; 2 cheques on record.

Email

Deploying now Growth equity

Series B Impact Investing Investment Management

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 2 on record

Since the last cheque **23** days **00** hrs **00** min **00** sec

Median round **$11B** Rounds led **0 of 2**

Pitch Monolith Management

## Monolith Management highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series B: 100% of its rounds

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Impact Investing Investment Management
- **Based in:** China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2026** 2 rounds
- **Oct** **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · CN · Google News search **$15B** With 36 others
- **May** **[DeepSeek](https://millionrounds.com/company/deepseek)** CN · TechNode **$7.4B** With 10 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 **3 named**

XC **Xi Cao** Director i Form ADV

XJ **Xing Jie Yang** Director and Chief Operating Officer i Form ADV

YW **Yuchen Wang** Chief Investment Officer i Form ADV

We also hold **2** 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

**$769M** gross assets of its funds Oct 2026

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

- **Legal name:** Monolith Management Limited
- **SEC number:** CRD 322982

## The cheque

Series B

Median round joined **$11B** the round, not its cheque

Led 0 of 2 rounds **0%**

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

Rounds by stage said on their site

- Series B *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [CATL](https://millionrounds.com/fund/catl) 2
- [China's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment) 2
- [IDG Capital](https://millionrounds.com/fund/idg-capital) 2
- [National AI Industry Investment Fund](https://millionrounds.com/fund/national-ai-industry-investment-fund) 2
- [NetEase](https://millionrounds.com/fund/netease) 2
- [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 Monolith Management. A count of rooms they were both in, not a relationship either has claimed.

[**CATL** Investment firm **2** rounds together](https://millionrounds.com/fund/catl)[**China's National Artificial Intelligence Industry Investment Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment)[**IDG Capital** Private equity **2** rounds together](https://millionrounds.com/fund/idg-capital)[**National AI Industry Investment Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/national-ai-industry-investment-fund)[**NetEase** Corporate VC **2** rounds together](https://millionrounds.com/fund/netease)[**Tengxun Touzi** VC firm **2** rounds together](https://millionrounds.com/fund/tengxun-touzi)

## Recently backed

The latest companies Monolith Management put money into.

[**DeepSeek** $15B · Oct 2026](https://millionrounds.com/company/deepseek)

## Quick answers about Monolith Management

### What does Monolith Management invest in?

Monolith Management invests most often at Series B (100% of the rounds on record), in sectors such as Impact Investing and Investment Management.

### How active is Monolith Management?

2 investments on record, 2 of them in the last 12 months. The most recent was in Oct 2026.

### What has Monolith Management invested in recently?

Its most recent investments on record: DeepSeek (Series B, Oct 2026).

### How big are Monolith Management's cheques?

The median round it joins is $11B.

### Is Monolith Management investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Monolith Management invest alongside?

Most often CATL (2 rounds together), China's National Artificial Intelligence Industry Investment Fund (2 rounds together) and IDG Capital (2 rounds together).

### What kind of investor is Monolith Management?

Monolith Management is a growth equity firm based in China.

### How much does Monolith Management manage?

About $769M, as gross assets of its private funds (Oct 2026).

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