# Logistics investors in China (2026 list)

> 28 logistics investors in China, 86% active in the last 12 months. Led by IDG Capital, HSG, Hill House Capital. Ranked by what they funded.

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

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

# Logistics investors in China

Updated 7 November 2026

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

[See all 28 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Flogistics-investors-in-china)The top 25

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

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

**$139M** median round they joined *+1638%* against the market median

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

**29%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (21)

- 1 [IDG Capital](https://millionrounds.com/fund/idg-capital) *Deploying now* Private equity · China **504** **$25M** median round **Oct 2026** last seen
- 2 [HSG](https://millionrounds.com/fund/hsg) *Deploying now* VC firm · Hong Kong SAR China **498** **$31M** median round **Oct 2026** last seen
- 3 [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) *Deploying now* Family office · Singapore **248** **$60M** median round **Sept 2026** last seen
- 4 [5Y Capital](https://millionrounds.com/fund/5y-capital) *Deploying now* VC firm · China **126** **$28M** median round **Oct 2026** last seen
- 5 [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) *Deploying now* VC firm · China **107** **$12M** median round **Jul 2026** last seen
- 6 [jd.com](https://millionrounds.com/fund/jd-com) *Deploying now* Growth equity · China **28** **$200M** median round **May 2026** last seen
- 7 [HongShan](https://millionrounds.com/fund/hongshan) *Deploying now* VC firm **5** **$103M** median round **Jul 2026** last seen
- 8 [37 Interactive Entertainment](https://millionrounds.com/fund/37-interactive-entertainment) *Deploying now* Corporate VC · China **4** **$273M** median round **Sept 2026** last seen
- 9 [CICC Capital](https://millionrounds.com/fund/cicc-capital) *Deploying now* Investment firm **3** **$300M** median round **Sept 2026** last seen
- 10 [Rocket Capital](https://millionrounds.com/fund/rocket-capital-2) *Deploying now* VC firm · Netherlands **2** **$81M** median round **Jan 2026** last seen
- 11 [SenseCapital](https://millionrounds.com/fund/sensecapital) *Deploying now* VC firm · India **2** **$139M** median round **Feb 2026** last seen
- 12 [XPeng](https://millionrounds.com/fund/xpeng) *Deploying now* VC firm **2** **$520M** median round **Aug 2026** last seen
- 13 [Jingming Capital](https://millionrounds.com/fund/jingming-capital) *Deploying now* Investment firm **2** **$174M** median round **Aug 2026** last seen
- 14 [HighLight Capital](https://millionrounds.com/fund/highlight-capital-2) quiet VC firm · China **1** **$139M** median round **Jul 2025** last seen
- 15 [Lens Technology](https://millionrounds.com/fund/lens-technology) *Deploying now* Corporate VC **1** **$100M** median round **Aug 2026** last seen
- 16 [Ningbo Tuopu Group](https://millionrounds.com/fund/ningbo-tuopu-group) *Deploying now* Investment firm **1** **$100M** median round **Aug 2026** last seen
- 17 [SF GROUP](https://millionrounds.com/fund/sf-group) *Deploying now* Investment firm · Netherlands **1** **$200M** median round **May 2026** last seen
- 18 [TH Capital (THC)](https://millionrounds.com/fund/t-capital) quiet VC firm · China **1** **$139M** median round **Jul 2025** last seen
- 19 [Yintai Group](https://millionrounds.com/fund/yintai-holdings) quiet Private equity · China **1** **$139M** median round **Jul 2025** last seen
- 20 [Zhaoxi Capital](https://millionrounds.com/fund/sparkedge-capital) *Deploying now* VC firm · China **1** **$200M** median round **May 2026** last seen
- 21 [CATL Capital](https://millionrounds.com/fund/catl-capital) quiet VC firm **1** **$139M** median round **Jul 2025** last seen
- 22 [Chery Holdings-backed fund](https://millionrounds.com/fund/chery-holdings-backed-fund) *Deploying now* Investment firm **1** **$100M** median round **Aug 2026** last seen
- 23 [Fosun Fortune Capital](https://millionrounds.com/fund/fosun-fortune-capital) *Deploying now* Investment firm **1** **$100M** median round **Aug 2026** last seen
- 24 [Longqi Investment](https://millionrounds.com/fund/longqi-investment) *Deploying now* Investment firm **1** **$200M** median round **May 2026** last seen
- 25 [Luxin Venture Capital Group](https://millionrounds.com/fund/luxin-venture-capital-group) *Deploying now* VC firm **1** **$200M** median round **May 2026** last seen

**3 more on this list**

All 28 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%2Flogistics-investors-in-china)

## The Newest Cheques

Rounds this list's investors joined most recently

- **30** Oct **[Archon Robotics](https://millionrounds.com/company/archon-robotics)** Seed *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **29** Oct **[PhotonPay](https://millionrounds.com/company/photonpay)** Series C · $40M *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **15** Oct **[InfiMaker](https://millionrounds.com/company/infimaker)** Pre-seed *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **8** Oct **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · $15B *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **8** Oct **[Manus / Butterfly Effect](https://millionrounds.com/company/manus-butterfly-effect)** Growth · $500M *Led by* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **16** Sept **[Anew Labs](https://millionrounds.com/company/anew-labs)** Other · $290M *Led by* [HSG](https://millionrounds.com/fund/hsg)

## Stages This Year

168 rounds

- Venture **32%**
- Series B **13%**
- Series A **13%**
- Other **11%**
- Seed **8%**
- Other **24%**

## What They Backed

Sectors, last 12 months

- AI **65**
- Biotech **22**
- Robotics **13**
- Healthcare **11**
- Pharma **9**
- Hardware & Electronics **8**

## Cheques by Quarter

Led Joined

36 Q1 25

35 Q2 25

83 Q3 25

88 Q4 25

84 Q1 26

41 Q2 26

34 Q3 26

7 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 mobility and logistics

- Tesla Motors: How Elon Musk and Company Made Electric Cars Cool, and Sparked the Next Tech Revolution Charles Morris · 2014 4.28 from 202 ratings on Goodreads Mobility and logistics Company building About the book In twelve years of existence, Tesla Motors has achieved many amazing feats. The most trusted sources in the auto industry have called its Model S the most advanced, safest and best-performing car ever built - and it doesn’t use a drop of gasoline. Tesla has changed the way the… On AmazonListen on Audible
- Empires of the Sky: Zeppelins, Airplanes, and Two Men's Epic Duel to Rule the World Alexander Rose · 2020 4.34 from 637 ratings on Goodreads Mobility and logistics About the book At the dawn of the twentieth century, when human flight was still considered an impossibility, Germany's Count von Zeppelin vied with the Wright Brothers to build the world's first successful flying machine. As the Wrights labored to invent the airplane, Zeppelin fathered the… On AmazonListen on Audible
- Insane Mode: How Elon Musk's Tesla Sparked an Electric Revolution to End the Age of Oil Hamish McKenzie · 2018 3.70 from 784 ratings on Goodreads Mobility and logistics Company building About the book "You'll tell me if it ever starts getting genuinely insane, right?" --Elon Musk, TED interview Hamish McKenzie tells how a Silicon Valley start-up's wild dream came true. Tesla is a car company that stood up against not only the might of the government-backed Detroit car… On AmazonListen on Audible
- Wild Ride: Inside Uber's Quest for World Domination Adam Lashinsky · 2017 3.67 from 968 ratings on Goodreads Mobility and logistics Company building Moats and competition About the book In your pocket is something amazing: a quick and easy way to summon a total stranger who will take you anywhere you'd like. In your hands is something equally amazing: the untold story of Uber's meteoric rise, and the massive ambitions of its larger-than-life founder and… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about logistics investors in China

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

By cheques observed, the most active are IDG Capital, HSG, Hill House Capital, 5Y Capital and Baidu Ventures.

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

28 are on record. 86% made an investment in the last 12 months and 29% have led a round.

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

Of the rounds with a named stage in the last 12 months, mostly Series B (23%) and Series A (23%).

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

The typical (median) round among the leading investors here is $139M.

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

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

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

IDG Capital (8 led), HSG (3 led) and Hill House Capital (3 led).

### Where are logistics investors in China based?

Among the most active, most are based in China (9), the Netherlands (2) and Hong Kong SAR China (1).

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

Recent rounds include Archon Robotics (Seed, Oct 2026, with IDG Capital), PhotonPay (Series C, Oct 2026, with IDG Capital) and InfiMaker (Pre-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)