# Investors based in China (2026 list)

> 3,020 investors based in China, 4% active in the last 12 months. Led by Tengxun Touzi, IDG Capital, Shenzhen Capital Group Co.. Ranked by what they funded.

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

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

# Investors based in China

Updated 26 October 2026

Firms headquartered in China, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in China.

[See all 3,020 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-china)The top 25

**3,020** investors on the list No change this week

**822** cheques in 12 months *+2%* against the market

**$24M** median round they joined *+198%* against the market median

**4%** wrote a cheque in 12 months

**2%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) *Deploying now* VC firm · China **552** **$50M** median round **Oct 2026** last seen
- 2 [IDG Capital](https://millionrounds.com/fund/idg-capital) *Deploying now* Private equity · China **502** **$25M** median round **Oct 2026** last seen
- 3 [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) *Deploying now* Government · China **447** **$16M** median round **Jul 2026** last seen
- 4 [ZhenFund](https://millionrounds.com/fund/zhenfund) *Deploying now* VC firm · China **389** **$9.1M** median round **Oct 2026** last seen
- 5 [Legend Capital](https://millionrounds.com/fund/legend-capital) *Deploying now* VC firm · China **287** **$26M** median round **Oct 2026** last seen
- 6 [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) *Deploying now* VC firm · China **287** **$15M** median round **Oct 2026** last seen
- 7 [LD Capital](https://millionrounds.com/fund/xie) *Deploying now* VC firm · China **271** **$4.7M** median round **Aug 2026** last seen
- 8 [CICC](https://millionrounds.com/fund/cicc) *Deploying now* Investment bank · China **189** **$29M** median round **Sept 2026** last seen
- 9 [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) *Deploying now* VC firm · China **187** **$17M** median round **Jul 2026** last seen
- 10 [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) *Deploying now* VC firm · China **182** **$30M** median round **Sept 2026** last seen
- 11 [K2VC](https://millionrounds.com/fund/k2vc) *Deploying now* VC firm · China **175** **$7M** median round **Apr 2026** last seen
- 12 [Xiaomi](https://millionrounds.com/fund/xiaomi) *Deploying now* Investment firm · China **172** **$7.9M** median round **Jun 2026** last seen
- 13 [Plum Ventures](https://millionrounds.com/fund/plum-ventures) *Deploying now* VC firm · China **163** **$4.6M** median round **Mar 2026** last seen
- 14 [Sinovation Ventures](https://millionrounds.com/fund/sinovation-ventures) *Deploying now* VC firm · China **160** **$14M** median round **May 2026** last seen
- 15 [Cowin Capital](https://millionrounds.com/fund/cowin-venture-capital) *Deploying now* VC firm · China **151** **$14M** median round **Mar 2026** last seen
- 16 [Oriental Fortune Capital](https://millionrounds.com/fund/oriental-fortune-capital) *Deploying now* VC firm · China **147** **$14M** median round **Jul 2026** last seen
- 17 [Source Code Capital](https://millionrounds.com/fund/source-code-capital) *Deploying now* VC firm · China **144** **$30M** median round **Jul 2026** last seen
- 18 [Innoangel Fund](https://millionrounds.com/fund/innoangel-fund) *Deploying now* VC firm · China **139** **$3M** median round **Aug 2026** last seen
- 19 [Puhua Capital](https://millionrounds.com/fund/puhua-capital) *Deploying now* VC firm · China **136** **$15M** median round **Jun 2026** last seen
- 20 [Legend Star](https://millionrounds.com/fund/legend-star) *Deploying now* VC firm · China **133** **$10M** median round **Aug 2026** last seen
- 21 [Green Pine Capital](https://millionrounds.com/fund/green-pine-capital-partners) *Deploying now* VC firm · China **131** **$14M** median round **Mar 2026** last seen
- 22 [5Y Capital](https://millionrounds.com/fund/5y-capital) *Deploying now* VC firm · China **125** **$28M** median round **Sept 2026** last seen
- 23 [China Growth Capital](https://millionrounds.com/fund/china-growth-capital) *Deploying now* VC firm · China **120** **$14M** median round **Feb 2026** last seen
- 24 [Addor Capital](https://millionrounds.com/fund/addor-capital) *Deploying now* VC firm · China **113** **$14M** median round **Mar 2026** last seen
- 25 [Alibaba Group](https://millionrounds.com/fund/alibaba-group) *Deploying now* Corporate VC · China **113** **$35M** median round **Sept 2026** last seen

**2,995 more on this list**

Login free to see all 3,020, filter by stage, sector and market, and keep the ones that fit.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-china)

## The Newest Cheques

Rounds this list's investors joined most recently

- **25** Oct **[Bolt Biotherapeutics](https://millionrounds.com/company/bolt-biotherapeutics)** Other · $120M *With* [Lyfe Capital](https://millionrounds.com/fund/lyfe-capital)
- **23** Oct **[WasabiCard](https://millionrounds.com/company/wasabicard)** Pre-seed · $10M *With* [Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2)
- **22** Oct **[Huixi Technology](https://millionrounds.com/company/huixi-technology)** Series B *With* [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital)
- **22** Oct **[DeepSeek](https://millionrounds.com/company/deepseek)** Other · $1.5B *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- **22** Oct **[Maxinsights](https://millionrounds.com/company/maxinsights)** Seed · $30M *With* [INCE Capital](https://millionrounds.com/fund/ince-capital)
- **20** Oct **[Flow Games](https://millionrounds.com/company/flow-games)** $49M *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)

## Stages This Year

550 rounds

- Venture **35%**
- Series A **15%**
- Seed **13%**
- Series B **12%**
- Other **6%**
- Other **19%**

## What They Backed

Sectors, last 12 months

- AI **171**
- Biotech **56**
- Healthcare **43**
- Hardware & Electronics **35**
- Manufacturing **33**
- Robotics **27**

## Cheques by Quarter

Led Joined

182 Q1 25

196 Q2 25

269 Q3 25

310 Q4 25

362 Q1 26

90 Q2 26

100 Q3 26

35 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors based in United States 73,560](https://millionrounds.com/lists/investors-based-in-united-states)
- [Investors based in United Kingdom 8,105](https://millionrounds.com/lists/investors-based-in-united-kingdom)
- [Investors based in Canada 3,870](https://millionrounds.com/lists/investors-based-in-canada)
- [Investors based in India 3,853](https://millionrounds.com/lists/investors-based-in-india)
- [Investors based in Germany 3,440](https://millionrounds.com/lists/investors-based-in-germany)
- [Investors based in United Arab Emirates 2,910](https://millionrounds.com/lists/investors-based-in-united-arab-emirates)
- [Investors based in Australia 2,576](https://millionrounds.com/lists/investors-based-in-australia)
- [Investors based in France 2,267](https://millionrounds.com/lists/investors-based-in-france)
- [Investors based in Brazil 2,013](https://millionrounds.com/lists/investors-based-in-brazil)

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

## Quick answers about investors based in China

### Who are the most active investors based in China?

By cheques observed, the most active are Tengxun Touzi, IDG Capital, Shenzhen Capital Group Co., ZhenFund and Legend Capital.

### How many investors based in China are there?

3,020 are on record. 4% made an investment in the last 12 months and 2% have led a round.

### Which stages do investors based in China back?

Of the rounds with a named stage in the last 12 months, mostly Series A (27%) and Seed (22%).

### How big are the rounds investors based in China join?

The typical (median) round among the leading investors here is $14M.

### Which sectors do investors based in China back most?

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

### Which investors based in China lead the most rounds?

Tengxun Touzi (20 led), IDG Capital (8 led) and Vertex Ventures China (4 led).

### What have investors based in China invested in recently?

Recent rounds include Bolt Biotherapeutics (Other, Oct 2026, with Lyfe Capital), WasabiCard (Pre-seed, Oct 2026, with Vision Plus Capital) and Huixi Technology (Series B, Oct 2026, with Shunwei Capital).

### How is this list of investors based in China ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

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