# Enterprise software investors in China (2026 list)

> 14 enterprise software investors in China, 86% active in the last 12 months. Led by Tengxun Touzi, Qiming Venture Partners, IDG Capital.

Source: https://millionrounds.com/lists/enterprise-software-investors-in-china (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Enterprise software investors in China

Updated 7 November 2026

Firms observed backing a enterprise software company in China in the last two years, wherever the firm is based.

[See all 14 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fenterprise-software-investors-in-china)The top 14

**14** investors on the list No change this week

**195** cheques in 12 months *+3%* against the market

**$36M** median round they joined *+344%* against the market median

**86%** wrote a cheque in 12 months

**57%** have led a round

## The Top 14

Ordered by cheques observed, never by anything anyone paid for

Deploying now (12)

- 1 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) *Deploying now* VC firm · China **553** **$50M** median round **Nov 2026** last seen
- 2 [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) *Deploying now* VC firm · Hong Kong SAR China **526** **$25M** median round **Oct 2026** last seen
- 3 [IDG Capital](https://millionrounds.com/fund/idg-capital) *Deploying now* Private equity · China **504** **$25M** median round **Oct 2026** last seen
- 4 [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) *Deploying now* VC firm · China **288** **$15M** median round **Oct 2026** last seen
- 5 [Northern Light Venture Capital](https://millionrounds.com/fund/nlvc) *Deploying now* VC firm · United States **194** **$14M** median round **Sept 2026** last seen
- 6 [Baidu](https://millionrounds.com/fund/baidu) *Deploying now* Investment firm · China **72** **$36M** median round **Nov 2026** last seen
- 7 [Sequoia Capital China](https://millionrounds.com/fund/sequoia-capital-china) *Deploying now* VC firm · China **34** **$60M** median round **Oct 2026** last seen
- 8 [Lenovo](https://millionrounds.com/fund/lenovo) *Deploying now* Growth equity · China **13** **$41M** median round **Oct 2026** last seen
- 9 [MTR Lab](https://millionrounds.com/fund/mtr-lab) *Deploying now* Corporate VC · Hong Kong SAR China **2** **$21M** median round **Sept 2026** last seen
- 10 [Kunlun Capital](https://millionrounds.com/fund/kunlun-capital) *Deploying now* VC firm · China **1** **-** median round **Oct 2026** last seen
- 11 [Hangzhou state-backed investors](https://millionrounds.com/fund/hangzhou-state-backed-investors) *Deploying now* Investment firm **1** **-** median round **Oct 2026** last seen
- 12 [Linping district state-backed investors](https://millionrounds.com/fund/linping-district-state-backed-investors) *Deploying now* Investment firm **1** **-** median round **Oct 2026** last seen
- 13 [Pudong VC](https://millionrounds.com/fund/pudong-vc) quiet VC firm **1** **$140M** median round **Jul 2025** last seen
- 14 [Zhangjiang Group](https://millionrounds.com/fund/zhangjiang-group) quiet Investment firm **1** **$140M** median round **Jul 2025** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- **2** Nov **[GenRobot AI](https://millionrounds.com/company/genrobot-ai)** Series A · $100M *With* [Baidu](https://millionrounds.com/fund/baidu)
- **30** Oct **[Archon Robotics](https://millionrounds.com/company/archon-robotics)** Seed *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **30** Oct **[01.AI](https://millionrounds.com/company/01-ai)** Round *With* [Hangzhou state-backed investors](https://millionrounds.com/fund/hangzhou-state-backed-investors)
- **29** Oct **[PhotonPay](https://millionrounds.com/company/photonpay)** Series C · $40M *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **28** Oct **[LattixOrigin](https://millionrounds.com/company/lattixorigin)** Seed · $10M *With* [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital)

## Stages This Year

171 rounds

- Venture **31%**
- Series A **13%**
- Other **12%**
- Series B **11%**
- Series C **9%**
- Other **24%**

## What They Backed

Sectors, last 12 months

- AI **61**
- Biotech **32**
- Healthcare **21**
- Robotics **14**
- Pharma **10**
- Fintech **8**

## Cheques by Quarter

Led Joined

39 Q1 25

38 Q2 25

67 Q3 25

82 Q4 25

75 Q1 26

24 Q2 26

33 Q3 26

22 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in United States 3,683](https://millionrounds.com/lists/ai-investors-in-united-states)
- [Fintech investors in United States 1,166](https://millionrounds.com/lists/fintech-investors-in-united-states)
- [AI investors in United Kingdom 1,039](https://millionrounds.com/lists/ai-investors-in-united-kingdom)
- [Big Data & Analytics investors in United States 1,039](https://millionrounds.com/lists/big-data-investors-in-united-states)
- [Biotech investors in United States 914](https://millionrounds.com/lists/biotech-investors-in-united-states)
- [Energy investors in United States 798](https://millionrounds.com/lists/energy-investors-in-united-states)
- [Robotics investors in United States 797](https://millionrounds.com/lists/robotics-investors-in-united-states)
- [Construction investors in United States 742](https://millionrounds.com/lists/construction-investors-in-united-states)
- [Cybersecurity investors in United States 702](https://millionrounds.com/lists/cybersecurity-investors-in-united-states)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in b2b software and saas

- Lean B2B: Build Products Businesses Want Étienne Garbugli · 2014 4.16 from 249 ratings on Goodreads B2B software and SaaS About the book www.leanb2bbook.com « This is a must read for every B2B entrepreneur, SaaS creator or consultant and business school student. It's the kind of book you don't read once, you go back to it on a regular basis. » - Carmen Gerea, CEO & Co-founder, UsabilityChefs Lean B2B helps… On AmazonListen on Audible
- The Pricing Roadmap: How to Design B2B SaaS Pricing Models That Your Customers Will Love Ulrik Lehrskov-Schmidt · 2023 4.43 from 207 ratings on Goodreads B2B software and SaaS About the book "The definitive resource on SaaS pricing, I absolutely can not recommend this book enough." Viktor Heide, COO of Contractbook.com, Forbes "30 under 30" A foolproof method to achieve skyrocketing sales, growth, and profits for your software as a service (SaaS) product starts… On AmazonListen on Audible
- Integrity: The Courage to Meet the Demands of Reality Henry Cloud · 2006 4.22 from 3,393 ratings on Goodreads B2B software and SaaS About the book Integrity. It is more than simple honesty. It's the key to success. A person with integrity has the -- often rare -- ability to pull everything together, to make it all happen no matter how challenging the circumstances. Drawing on experiences from his work with Fortune 500… On AmazonListen on Audible
- Blueprints for a SaaS Sales Organization by Jacco vanderKooij Jacco van der Kooij · 2015 4.33 from 324 ratings on Goodreads B2B software and SaaS About the book Because of their very nature, SaaS companies live and die on revenue growth. And once the service is ready there is a very small window in which to scale. Missing that window is the difference between massive success and mediocrity. With such high stakes, it is crucial to get a… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=b2b_software).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about enterprise software investors in China

### Who are the most active enterprise software investors in China?

By cheques observed, the most active are Tengxun Touzi, Qiming Venture Partners, IDG Capital, Shunwei Capital and Northern Light Venture Capital.

### How many enterprise software investors in China are there?

14 are on record. 86% made an investment in the last 12 months and 57% have led a round.

### Which stages do enterprise software investors in China back?

Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Series B (20%).

### How big are the rounds enterprise software investors in China join?

The typical (median) round among the leading investors here is $36M.

### Which sectors do enterprise software investors in China back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which enterprise software investors in China lead the most rounds?

Tengxun Touzi (20 led), Qiming Venture Partners (8 led) and IDG Capital (8 led).

### Where are enterprise software investors in China based?

Among the most active, most are based in China (7), Hong Kong SAR China (2) and the United States (1).

### What have enterprise software investors in China invested in recently?

Recent rounds include T-Therapeutics (Series B, Nov 2026, with Tengxun Touzi), GenRobot AI (Series A, Nov 2026, with Baidu) and Archon Robotics (Seed, Oct 2026, with IDG Capital).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)