# Investors based in Shanghai (2026 list) > 349 investors based in Shanghai, 7% active in the last 12 months. Led by LD Capital, Yunqi Partners, DT Capital Partners. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-shanghai (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Shanghai Updated 7 November 2026 Firms with an address in Shanghai. A head office is a fact about the firm; where it invests is on its own page. [See all 349 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-shanghai)The top 25 **349** investors on the list No change this week **69** cheques in 12 months *-1%* against the market **$19M** median round they joined *+139%* against the market median **7%** wrote a cheque in 12 months **4%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (10) - 1 [LD Capital](https://millionrounds.com/fund/xie) *Deploying now* VC firm · China **271** **$4.7M** median round **Aug 2026** last seen - 2 [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) *Deploying now* VC firm · China **101** **$15M** median round **Jun 2026** last seen - 3 [DT Capital Partners](https://millionrounds.com/fund/dt-capital-partners) *Deploying now* VC firm · China **80** **$14M** median round **Mar 2026** last seen - 4 [Eastern Bell Capital](https://millionrounds.com/fund/eastern-bell-capital) *Deploying now* Private equity · China **72** **$15M** median round **Jul 2026** last seen - 5 [SNZ Holding](https://millionrounds.com/fund/snz-capital) *Deploying now* VC firm · China **50** **$3M** median round **Sept 2026** last seen - 6 [Chengwei Capital](https://millionrounds.com/fund/chengwei-capital) quiet VC firm · China **26** **$45M** median round **Oct 2019** last seen - 7 [Lightspeed China Partners](https://millionrounds.com/fund/lightspeed-china-partners) quiet VC firm · China **26** **$24M** median round **Apr 2019** last seen - 8 [CID Group](https://millionrounds.com/fund/the-cid-group) dormant Private equity · China **23** **$5.7M** median round **Aug 2019** last seen - 9 [Fosun Group](https://millionrounds.com/fund/fosun-group) quiet Corporate VC · China **15** **$25M** median round **Aug 2019** last seen - 10 [SBCVC](https://millionrounds.com/fund/softbank-china-capital) dormant VC firm · China **15** **$29M** median round **Mar 2019** last seen - 11 [Ping An Capital](https://millionrounds.com/fund/ping-an-capital) quiet Corporate VC · China **13** **$93M** median round **Nov 2018** last seen - 12 [WuXi AppTec](https://millionrounds.com/fund/wuxi-apptec) quiet Growth equity · China **13** **$66M** median round **May 2019** last seen - 13 [IPV Capital](https://millionrounds.com/fund/ipv-capital) quiet VC firm · China **12** **$1.5M** median round **Sept 2019** last seen - 14 [Milestone Capital](https://millionrounds.com/fund/milestone-capital-3) quiet Investment firm · China **10** **$7.5M** median round **Jun 2014** last seen - 15 [NewMargin Ventures](https://millionrounds.com/fund/newmargin-ventures) dormant VC firm · China **10** **$20M** median round **May 2015** last seen - 16 [CMC Capital Group](https://millionrounds.com/fund/cmc-capital-partners) *Deploying now* Corporate VC · China **9** **$71M** median round **Sept 2026** last seen - 17 [Fosun Capital](https://millionrounds.com/fund/fosun-capital) dormant VC firm · China **9** **$40M** median round **Jun 2019** last seen - 18 [Gobi China](https://millionrounds.com/fund/gobi-china) dormant Investment firm · China **9** **$7M** median round **Nov 2013** last seen - 19 [Ivy Capital](https://millionrounds.com/fund/ivy-capital-2) *Deploying now* Hedge fund · China **9** **$249M** median round **Jul 2026** last seen - 20 [BVCF](https://millionrounds.com/fund/bioveda-china-fund) dormant Private equity · China **7** **$100M** median round **Jun 2018** last seen - 21 [Glory Ventures](https://millionrounds.com/fund/glory-ventures) *Deploying now* VC firm · China **7** **$26M** median round **Sept 2026** last seen - 22 [Loyal Valley Capital](https://millionrounds.com/fund/loyal-valley-capital) *Deploying now* Private equity · China **6** **$117M** median round **Oct 2026** last seen - 23 [Red Star Macalline](https://millionrounds.com/fund/red-star-macalline) dormant Investment firm · China **6** **$26M** median round **Sept 2019** last seen - 24 [TF Capital](https://millionrounds.com/fund/tf-capital) *Deploying now* VC firm · China **6** **$54M** median round **May 2026** last seen - 25 [Ventech China](https://millionrounds.com/fund/ventech-china) quiet VC firm · China **6** **$8M** median round **Sept 2019** last seen **324 more on this list** All 349 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-shanghai) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *With* [Pan-Lin Capital](https://millionrounds.com/fund/panlin-capital) - **2** Nov **[GenRobot AI](https://millionrounds.com/company/genrobot-ai)** Series A · $100M *With* [SAIC Motor](https://millionrounds.com/fund/saic-motor) - **23** Oct **[WasabiCard](https://millionrounds.com/company/wasabicard)** Pre-seed · $10M *With* [01vc](https://millionrounds.com/fund/01vc) - **22** Oct **[Maxinsights](https://millionrounds.com/company/maxinsights)** Seed · $30M *With* [INCE Capital](https://millionrounds.com/fund/ince-capital) - **12** Oct **[Mistlabs Ltd.](https://millionrounds.com/company/mistlabs-ltd)** Pre-seed · $26M *Led by* [Luminous Ventures](https://millionrounds.com/fund/luminous-ventures-2) - **12** Oct **[Ambi](https://millionrounds.com/company/ambi)** Seed · $26M *Led by* [Luminous Ventures](https://millionrounds.com/fund/luminous-ventures-2) ## Stages This Year 65 rounds - Venture **20%** - Seed **20%** - Series A **20%** - Series B **15%** - Other **9%** - Other **15%** ## What They Backed Sectors, last 12 months - AI **27** - Robotics **9** - Fintech **6** - Biotech **6** - Construction **5** - Web3 & Crypto **5** ## Cheques by Quarter Led Joined 15 Q1 25 12 Q2 25 28 Q3 25 20 Q4 25 25 Q1 26 16 Q2 26 14 Q3 26 7 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Shanghai ### Who are the most active investors based in Shanghai? By cheques observed, the most active are LD Capital, Yunqi Partners, DT Capital Partners, Eastern Bell Capital and SNZ Holding. ### How many investors based in Shanghai are there? 349 are on record. 7% made an investment in the last 12 months and 4% have led a round. ### Which stages do investors based in Shanghai back? Of the rounds with a named stage in the last 12 months, mostly Seed (28%) and Series A (28%). ### How big are the rounds investors based in Shanghai join? The typical (median) round among the leading investors here is $25M. ### Which sectors do investors based in Shanghai back most? In the last 12 months, mostly AI, Robotics and Fintech. ### Which investors based in Shanghai lead the most rounds? CMC Capital Group (3 led), Lightspeed China Partners (1 led) and Fosun Group (1 led). ### What have investors based in Shanghai invested in recently? Recent rounds include Sand.ai (Series A, Nov 2026, with Pan-Lin Capital), GenRobot AI (Series A, Nov 2026, with SAIC Motor) and WasabiCard (Pre-seed, Oct 2026, with 01vc). ### How is this list of investors based in Shanghai 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)