# GSR's Investments in China: 46 Startups by Sector (2026)

> The 46 startups in China that GSR has backed, by sector: AI, E-commerce and IT Services and more. $1.8B raised. Updated nightly.

Source: https://millionrounds.com/portfolio-maps/gsr-investments-china (Millionrounds; every figure on the page links to its filing or article)

## AI

10

- [Firework](https://millionrounds.com/company/firework)
- [LibLib AI](https://millionrounds.com/company/liblib-ai)
- [*M* Moka](https://millionrounds.com/company/moka)
- [Encootech](https://millionrounds.com/company/encootech)
- [*GR* Guochen Robot](https://millionrounds.com/company/guochen-robot)
- [DeepScience](https://millionrounds.com/company/deepscience)
- [*Y* Yiwise](https://millionrounds.com/company/yiwise)
- [Kuaizi Technology](https://millionrounds.com/company/kuaizi-technology)
- [Giiso](https://millionrounds.com/company/giiso)
- [AI Dexian Zhaopin Guan](https://millionrounds.com/company/ai-dexian-zhaopin-guan)

## E-commerce

5

- [Xiaohongshu](https://millionrounds.com/company/xiaohongshu)
- [*L* Lingxing](https://millionrounds.com/company/lingxing)
- [Didi Travel](https://millionrounds.com/company/didi-travel)
- [*KE* Kagu E-commerce](https://millionrounds.com/company/kagu-e-commerce)
- [E-PORTS](https://millionrounds.com/company/e-ports)

## IT Services

4

- [DeePhi Tech](https://millionrounds.com/company/deephi-tech)
- [Yongan Online](https://millionrounds.com/company/yongan-online)
- [*T* Taiyixingchen](https://millionrounds.com/company/taiyixingchen)
- [Xinyue](https://millionrounds.com/company/xinyue)

## Manufacturing

4

- [*WT* Weidu Technology](https://millionrounds.com/company/weidu-technology)
- [*R* Rokae](https://millionrounds.com/company/rokae)
- [*WT* Whalehouse Technology](https://millionrounds.com/company/whalehouse-technology)
- [HPY Sorting](https://millionrounds.com/company/hpy-sorting)

## Edtech

4

- [Peilian.com](https://millionrounds.com/company/peilian-com)
- [Hexiaoxiang](https://millionrounds.com/company/hexiaoxiang)
- [*HS* Huohua Siwei](https://millionrounds.com/company/huohua-siwei)
- [Xueleyun](https://millionrounds.com/company/xueleyun)

## Consumer Apps

3

- [Ninetech](https://millionrounds.com/company/ninetech)
- [Woshimi](https://millionrounds.com/company/woshimi)
- [*J* Jiaoliudian](https://millionrounds.com/company/jiaoliudian)

## Entertainment

3

- [*SL* Shanghai Lihuh Network Technology](https://millionrounds.com/company/shanghai-lihuh-network-technology)
- [*XM* Xingtang miniKTV](https://millionrounds.com/company/xingtang-miniktv)
- [*KM* Knowhow Media](https://millionrounds.com/company/knowhow-media)

## Foodtech

3

- [*DX* Dingding Xianshi](https://millionrounds.com/company/dingding-xianshi)
- [*L* Liushanmen](https://millionrounds.com/company/liushanmen)
- [*CC* Cephei coffee](https://millionrounds.com/company/cephei-coffee)

## Healthtech

3

- [*AA* Aiyi animal medicine](https://millionrounds.com/company/aiyi-animal-medicine)
- [Good Friend](https://millionrounds.com/company/good-friend)
- [BestCovered](https://millionrounds.com/company/bestcovered)

## Hardware & Electronics

3

- [Kaixun Optoelectronics](https://millionrounds.com/company/kaixun-optoelectronics)
- [*JX* Jiangxi Xinli Sensor Technology](https://millionrounds.com/company/jiangxi-xinli-sensor-technology)
- [Celfras](https://millionrounds.com/company/celfras)

## B2B

2

- [GPYH.com](https://millionrounds.com/company/gpyh-com)
- [*JB* Jewelry Butler](https://millionrounds.com/company/jewelry-butler)

## Logistics

2

- [*NT* Newlinks Technology](https://millionrounds.com/company/newlinks-technology)
- [*YD* Yunniao Delivery](https://millionrounds.com/company/yunniao-delivery)

## Segment by segment

### AI

10 startups · $488M raised

- [**Firework**](https://millionrounds.com/company/firework) Firework is a technology company based in Silicon Valley, founded in 2017. China $152M
- [**LibLib AI**](https://millionrounds.com/company/liblib-ai) LibLib AI is an AI image generation platform that provides cutting-edge content creation through AI multi-dimensional interactions. China $130M
- [*M* **Moka**](https://millionrounds.com/company/moka) China $127M
- [**Encootech**](https://millionrounds.com/company/encootech) Encootech is a Digital Consulting and Digital Robot Solution Provider China $30M
- [*GR* **Guochen Robot**](https://millionrounds.com/company/guochen-robot) China $19M
- [**DeepScience**](https://millionrounds.com/company/deepscience) DeepScience is an extended reality content technology company providing AI digital human-driven engines and technical art platforms. China $10M
- [*Y* **Yiwise**](https://millionrounds.com/company/yiwise) Yiwise is a research and development artificial intelligence company. China $10M
- [**Kuaizi Technology**](https://millionrounds.com/company/kuaizi-technology) Kuaizi Tech is World's leading and China's first AI Creative Platform China $7.0M

### E-commerce

5 startups · $378M raised

- [**Xiaohongshu**](https://millionrounds.com/company/xiaohongshu) Xiaohongshu, also known as RedNote or Little Red Book, is a prominent Chinese social networking and e-commerce platform founded in China $318M
- [*L* **Lingxing**](https://millionrounds.com/company/lingxing) Lingxing is a cross-border e-commerce SaaS service provider of ERP functional software products and solutions. China $44M
- [**Didi Travel**](https://millionrounds.com/company/didi-travel) A startup company placing snack boxes in cabs. China $9.4M
- [*KE* **Kagu E-commerce**](https://millionrounds.com/company/kagu-e-commerce) Kagu E-commerce engages in cross-border e-commerce related to furniture and home products. China $4.5M
- [**E-PORTS**](https://millionrounds.com/company/e-ports) E-Ports offers mobile, fiber optics, and internet-fixed telephony services to individuals and businesses. China $2.9M

### IT Services

4 startups · $50M raised

- [**DeePhi Tech**](https://millionrounds.com/company/deephi-tech) DeePhi Tech proivdes AI based neural network solutions for drones, robotics, surveillance cameras and data center applications. China $40M
- [**Yongan Online**](https://millionrounds.com/company/yongan-online) Yongan Online, officially known as Shenzhen Yongan Online Technology Co., Ltd., is a cybersecurity company based in Shenzhen, China. China $5.6M
- [*T* **Taiyixingchen**](https://millionrounds.com/company/taiyixingchen) Taiyixingchen provides professional application delivery and security products. China $3.2M
- [**Xinyue**](https://millionrounds.com/company/xinyue) Xinyue is a audio and video asset management and collaborative delivery brand to help users with intelligent audio-video workflow. China $1.4M

### Manufacturing

4 startups · $231M raised

- [*WT* **Weidu Technology**](https://millionrounds.com/company/weidu-technology) Weidu Technology offers goods such as fully redundant wire-control chassis, powertrain, body design, and interior. China $110M
- [*R* **Rokae**](https://millionrounds.com/company/rokae) China $92M
- [*WT* **Whalehouse Technology**](https://millionrounds.com/company/whalehouse-technology) China $15M
- [**HPY Sorting**](https://millionrounds.com/company/hpy-sorting) HPY Sorting, also known as Ganzhou HPY Technology Co., Ltd., is a high-tech enterprise founded in 2015 and based in Ganzhou, Jiang China $14M

### Edtech

4 startups · $210M raised

- [**Peilian.com**](https://millionrounds.com/company/peilian-com) Peilian is an online music education platform based in Shanghai. China $150M
- [**Hexiaoxiang**](https://millionrounds.com/company/hexiaoxiang) 杭州河象网络科技有限公司成立于2017年5月,以"为孩子提供有效、有趣的普惠教育"为使命,是一家专注3-12岁少儿素质教育的在线教育公司。采用"AI+教育"模式,融合图像识别、语音测评、智能匹配、人机交互及大数据分析等创新科技,自主研发课程。以"大语文综合素养 China $28M
- [*HS* **Huohua Siwei**](https://millionrounds.com/company/huohua-siwei) China $20M
- [**Xueleyun**](https://millionrounds.com/company/xueleyun) Xueleyun is an educational ecosystem platform. China $12M

### Consumer Apps

3 startups · $19M raised

- [**Ninetech**](https://millionrounds.com/company/ninetech) Ninetech provides digital transformation and upgrading solutions for large state-owned enterprises and central enterprises. China $14M
- [**Woshimi**](https://millionrounds.com/company/woshimi) Woshimi is a real-time online reasoning app for character skills. China $2.9M
- [*J* **Jiaoliudian**](https://millionrounds.com/company/jiaoliudian) Jiaoliudian is an app for knowledge sharing where users can send voice classes. China $1.5M

### Entertainment

3 startups · $38M raised

- [*SL* **Shanghai Lihuh Network Technology**](https://millionrounds.com/company/shanghai-lihuh-network-technology) Shanghai Lihuh Network Technology is a video platform operator. China $20M
- [*XM* **Xingtang miniKTV**](https://millionrounds.com/company/xingtang-miniktv) China $15M
- [*KM* **Knowhow Media**](https://millionrounds.com/company/knowhow-media) Knowhow Media is an entertainment company. China $2.9M

### Foodtech

3 startups · $17M raised

- [*DX* **Dingding Xianshi**](https://millionrounds.com/company/dingding-xianshi) Dingding Xianshi is a fresh food supply and distribution service platform. China $14M
- [*L* **Liushanmen**](https://millionrounds.com/company/liushanmen) Liushoumen provides supply chain services for dining, light meals, fast food, Korean food and Japanese food. China $1.6M
- [*CC* **Cephei coffee**](https://millionrounds.com/company/cephei-coffee) Cephei coffee offers black coffee including weight management black coffee, bulletproof coffee, and others. China $1.4M

### Healthtech

3 startups · $21M raised

- [*AA* **Aiyi animal medicine**](https://millionrounds.com/company/aiyi-animal-medicine) Aiyi Animal Medicine develops and produces veterinary biological products and veterinary chemical medications. China $14M
- [**Good Friend**](https://millionrounds.com/company/good-friend) Good Friend is a company that develops, manufactures, and sells medical equipment. China $5.4M
- [**BestCovered**](https://millionrounds.com/company/bestcovered) BestCovered provides digital brain health solutions, powered by our cutting-edge cognitive technology, to help assess, train, and China $1.4M

### Hardware & Electronics

3 startups · $12M raised

- [**Kaixun Optoelectronics**](https://millionrounds.com/company/kaixun-optoelectronics) Kaixun Optoelectronics specializes in the production of LED epitaxial wafers and chips. China $6.3M
- [*JX* **Jiangxi Xinli Sensor Technology**](https://millionrounds.com/company/jiangxi-xinli-sensor-technology) Jiangxi Xinli Sensor Technology focuses on the research and development of pressure sensors. China $4.1M
- [**Celfras**](https://millionrounds.com/company/celfras) Jiangxi Lian Zhi integrated circuit Co., Ltd. China $1.4M

### B2B

2 startups · $44M raised

- [**GPYH.com**](https://millionrounds.com/company/gpyh-com) GPYH.com is an online B2B industrial parts trading platform. China $39M
- [*JB* **Jewelry Butler**](https://millionrounds.com/company/jewelry-butler) Jewelry Butler offers comprehensive B2B supply chain service provider focusing on the gold and jewelry industry. China $4.2M

### Logistics

2 startups · $273M raised

- [*NT* **Newlinks Technology**](https://millionrounds.com/company/newlinks-technology) China $173M
- [*YD* **Yunniao Delivery**](https://millionrounds.com/company/yunniao-delivery) Yunniao Delivery is a Chinese B2B courier platform. China $100M

**How this map is made.** Every startup here has raised money in a round we track that names GSR as an investor and is based in China. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Investments abroad **GSR's investments in the United States** 83 startups · $1.9B](https://millionrounds.com/portfolio-maps/gsr-investments-united-states)[Investments abroad **GSR's investments in Singapore** 20 startups · $1.4B](https://millionrounds.com/portfolio-maps/gsr-investments-singapore)[Portfolio map **GSR portfolio map** 198 startups · $8.0B](https://millionrounds.com/portfolio-maps/gsr-portfolio-map)[Co-investors **Who invests with GSR** 143 co-investors](https://millionrounds.com/portfolio-maps/gsr-co-investors)[Sector portfolio **GSR's Web3 & Crypto portfolio** 77 startups · $4.2B](https://millionrounds.com/portfolio-maps/gsr-web3-crypto-portfolio)[Sector portfolio **GSR's AI portfolio** 41 startups · $1.3B](https://millionrounds.com/portfolio-maps/gsr-ai-portfolio)

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