# Manufacturing investors in China (2026 list) > 42 manufacturing investors in China, 90% active in the last 12 months. Led by IDG Capital, HSG, Hill House Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/manufacturing-investors-in-china (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Manufacturing investors in China Updated 7 November 2026 Firms observed backing a manufacturing company in China in the last two years, wherever the firm is based. [See all 42 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fmanufacturing-investors-in-china)The top 25 **42** investors on the list No change this week **226** cheques in 12 months *+11%* against the market **$139M** median round they joined *+1638%* against the market median **90%** 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 [Meituan](https://millionrounds.com/fund/meituan) *Deploying now* Corporate VC · China **6** **$150M** median round **Oct 2026** last seen - 8 [HongShan](https://millionrounds.com/fund/hongshan) *Deploying now* VC firm **5** **$103M** median round **Jul 2026** last seen - 9 [37 Interactive Entertainment](https://millionrounds.com/fund/37-interactive-entertainment) *Deploying now* Corporate VC · China **4** **$273M** median round **Sept 2026** last seen - 10 [CICC Capital](https://millionrounds.com/fund/cicc-capital) *Deploying now* Investment firm **3** **$300M** median round **Sept 2026** last seen - 11 [Rocket Capital](https://millionrounds.com/fund/rocket-capital-2) *Deploying now* VC firm · Netherlands **2** **$81M** median round **Jan 2026** last seen - 12 [SenseCapital](https://millionrounds.com/fund/sensecapital) *Deploying now* VC firm · India **2** **$139M** median round **Feb 2026** last seen - 13 [XPeng](https://millionrounds.com/fund/xpeng) *Deploying now* VC firm **2** **$520M** median round **Aug 2026** last seen - 14 [Hangzhou Capital](https://millionrounds.com/fund/hangzhou-capital) *Deploying now* VC firm **2** **$82M** median round **Oct 2026** last seen - 15 [Jingming Capital](https://millionrounds.com/fund/jingming-capital) *Deploying now* Investment firm **2** **$174M** median round **Aug 2026** last seen - 16 [HighLight Capital](https://millionrounds.com/fund/highlight-capital-2) quiet VC firm · China **1** **$139M** median round **Jul 2025** last seen - 17 [Kunlun Capital](https://millionrounds.com/fund/kunlun-capital) *Deploying now* VC firm · China **1** **-** median round **Oct 2026** last seen - 18 [Lens Technology](https://millionrounds.com/fund/lens-technology) *Deploying now* Corporate VC **1** **$100M** median round **Aug 2026** last seen - 19 [Ningbo Tuopu Group](https://millionrounds.com/fund/ningbo-tuopu-group) *Deploying now* Investment firm **1** **$100M** median round **Aug 2026** last seen - 20 [SF GROUP](https://millionrounds.com/fund/sf-group) *Deploying now* Investment firm · Netherlands **1** **$200M** median round **May 2026** last seen - 21 [TH Capital (THC)](https://millionrounds.com/fund/t-capital) quiet VC firm · China **1** **$139M** median round **Jul 2025** last seen - 22 [Yintai Group](https://millionrounds.com/fund/yintai-holdings) quiet Private equity · China **1** **$139M** median round **Jul 2025** last seen - 23 [Zhaoxi Capital](https://millionrounds.com/fund/sparkedge-capital) *Deploying now* VC firm · China **1** **$200M** median round **May 2026** last seen - 24 [CATL Capital](https://millionrounds.com/fund/catl-capital) quiet VC firm **1** **$139M** median round **Jul 2025** last seen - 25 [CMC Capital's Huawen Qingneng fund](https://millionrounds.com/fund/cmc-capital-s-huawen-qingneng-fund) *Deploying now* Investment firm **1** **-** median round **Sept 2026** last seen **17 more on this list** All 42 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%2Fmanufacturing-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) - **28** Oct **[Nano-core Chip](https://millionrounds.com/company/nano-core-chip)** Series C · $150M *With* [Hangzhou Capital](https://millionrounds.com/fund/hangzhou-capital) - **28** Oct **[Baishida](https://millionrounds.com/company/baishida)** Seed *With* [Still Water Lake Venture Partners](https://millionrounds.com/fund/still-water-lake-venture-partners) - **23** Oct **[CubiFab](https://millionrounds.com/company/cubifab)** Round *With* [Nanshan Strategic Emerging Industries Investment](https://millionrounds.com/fund/nanshan-strategic-emerging-industries-investment) - **19** Oct **[FAIRINO](https://millionrounds.com/company/fairino)** Series D+ · $150M *Led by* [Meituan](https://millionrounds.com/fund/meituan) ## Stages This Year 176 rounds - Venture **31%** - Series B **13%** - Series A **12%** - Other **11%** - Seed **8%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **69** - Biotech **22** - Robotics **16** - Hardware & Electronics **12** - Healthcare **11** - Manufacturing **10** ## Cheques by Quarter Led Joined 36 Q1 25 35 Q2 25 85 Q3 25 88 Q4 25 84 Q1 26 41 Q2 26 38 Q3 26 21 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 industrial and manufacturing - The British Industrial Revolution in Global Perspective Robert C. Allen · 2009 3.99 from 277 ratings on Goodreads Industrial and manufacturing About the book Why did the industrial revolution take place in eighteenth-century Britain and not elsewhere in Europe or Asia? In this convincing new account Robert Allen argues that the British industrial revolution was a successful response to the global economy of the seventeenth and… On AmazonListen on Audible - Made in the USA: The Rise and Retreat of American Manufacturing Vaclav Smil · 2013 3.77 from 518 ratings on Goodreads Industrial and manufacturing Company building About the book In Made in the USA, Vaclav Smil powerfully rebuts the notion that manufacturing is a relic of predigital history and that the loss of American manufacturing is a desirable evolutionary step toward a pure service economy. Smil argues that no advanced economy can prosper without… On AmazonListen on Audible - PRODUCT DESIGN+DEVELOPMENT >IN Karl T. Ulrich · 1994 4.00 from 482 ratings on Goodreads Industrial and manufacturing Company building About the book This book presents a set of product development techniques aimed at bringing together the marketing, design, and manufacturing functions of the enterprise. It treats issues such as identifying customer needs, design for manufacturing, prototyping, and industrial design. On AmazonListen on Audible - The Most Powerful Idea in the World: A Story of Steam, Industry, and Invention William Rosen · 2010 3.93 from 1,401 ratings on Goodreads Industrial and manufacturing Innovation Company building About the book If all measures of human advancement in the last hundred centuries were plotted on a graph, they would show an almost perfectly flat line, until the eighteenth century, when the Industrial Revolution would cause the line to shoot straight up, beginning an almost uninterrupted… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=industrial). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about manufacturing investors in China ### Who are the most active manufacturing investors in China? By cheques observed, the most active are IDG Capital, HSG, Hill House Capital, 5Y Capital and Baidu Ventures. ### How many manufacturing investors in China are there? 42 are on record. 90% made an investment in the last 12 months and 29% have led a round. ### Which stages do manufacturing investors in China back? Of the rounds with a named stage in the last 12 months, mostly Series B (23%) and Series A (22%). ### How big are the rounds manufacturing investors in China join? The typical (median) round among the leading investors here is $139M. ### Which sectors do manufacturing investors in China back most? In the last 12 months, mostly AI, Biotech and Robotics. ### Which manufacturing investors in China lead the most rounds? IDG Capital (8 led), HSG (3 led) and Hill House Capital (3 led). ### Where are manufacturing investors in China based? Among the most active, most are based in China (11), the Netherlands (2) and Hong Kong SAR China (1). ### What have manufacturing 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 Nano-core Chip (Series C, Oct 2026, with Hangzhou Capital). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)