# Matrix's Investments in China: 31 Startups by Sector (2026) > The 31 startups in China that Matrix has backed, by sector: Internet, Biotech and Manufacturing and more. $6.3B raised. Updated nightly. Source: https://millionrounds.com/portfolio-maps/matrix-investments-china (Millionrounds; every figure on the page links to its filing or article) ## Internet 10 - [Chehaoduo](https://millionrounds.com/company/chehaoduo) - [*G* Gauzi](https://millionrounds.com/company/gauzi) - [*U* Uoko](https://millionrounds.com/company/uoko) - [*X* Xiaoqule](https://millionrounds.com/company/xiaoqule) - [*H* Hunliji](https://millionrounds.com/company/hunliji) - [*X* Xiangwushuo](https://millionrounds.com/company/xiangwushuo) - [*HG* Hi Guides](https://millionrounds.com/company/hi-guides) - [*GM* Guomai Media](https://millionrounds.com/company/guomai-media) - [Teddy Mobile](https://millionrounds.com/company/teddy-mobile) - [*FW* Ferris Wheel Ticketing](https://millionrounds.com/company/ferris-wheel-ticketing) ## Biotech 4 - [Soyoung](https://millionrounds.com/company/soyoung) - [*AN* Adlai Nortye Biopharma](https://millionrounds.com/company/adlai-nortye-biopharma) - [23Mofang](https://millionrounds.com/company/23mofang) - [GrandOmics](https://millionrounds.com/company/grandomics) ## Manufacturing 4 - [*XM* Xiaopeng Motors](https://millionrounds.com/company/xiaopeng-motors) - [*CA* CHJ Automotive](https://millionrounds.com/company/chj-automotive) - [Zhenkunhang](https://millionrounds.com/company/zhenkunhang) - [*ZT* ZhiZai Technology](https://millionrounds.com/company/zhizai-technology) ## Other 3 - [*E* Edianzu](https://millionrounds.com/company/edianzu) - [*D* Dishtangie](https://millionrounds.com/company/dishtangie) - [*YS* Yi Sou](https://millionrounds.com/company/yi-sou) ## Logistics 3 - [Fuyoukache](https://millionrounds.com/company/fuyoukache) - [*YD* Yunniao Delivery](https://millionrounds.com/company/yunniao-delivery) - [*D* Dishangtie](https://millionrounds.com/company/dishangtie) ## AI 3 - [*Y* Yuanfudao](https://millionrounds.com/company/yuanfudao) - [*Y* Yihang.ai](https://millionrounds.com/company/yihang-ai) - [*E* Elens](https://millionrounds.com/company/elens) ## E-commerce 2 - [*F* Fuliaoyi](https://millionrounds.com/company/fuliaoyi) - [*5* 51edj](https://millionrounds.com/company/51edj) ## Edtech 2 - [Vipkid](https://millionrounds.com/company/vipkid) - [*XC* Xigua City](https://millionrounds.com/company/xigua-city) ## Segment by segment ### Internet 10 startups · $2.1B raised - [**Chehaoduo**](https://millionrounds.com/company/chehaoduo) Chehaoduo is an online car trading platform that directly links individual car sellers and buyers. China $1.2B - [*G* **Gauzi**](https://millionrounds.com/company/gauzi) China $400M - [*U* **Uoko**](https://millionrounds.com/company/uoko) China $157M - [*X* **Xiaoqule**](https://millionrounds.com/company/xiaoqule) Xiaoqule is an e-commerce platform that offers apparels, footwear, beauty products, mobile phones, and computer accessories. China $108M - [*H* **Hunliji**](https://millionrounds.com/company/hunliji) China $70M - [*X* **Xiangwushuo**](https://millionrounds.com/company/xiangwushuo) Xiangwushuo is an online platform intended to offer services related to second-hand goods sharing. China $65M - [*HG* **Hi Guides**](https://millionrounds.com/company/hi-guides) China $50M - [*GM* **Guomai Media**](https://millionrounds.com/company/guomai-media) China $46M ### Biotech 4 startups · $144M raised - [**Soyoung**](https://millionrounds.com/company/soyoung) 新氧 soyoung is an internet company based out of China. China $60M - [*AN* **Adlai Nortye Biopharma**](https://millionrounds.com/company/adlai-nortye-biopharma) China $53M - [**23Mofang**](https://millionrounds.com/company/23mofang) 23Mofang provides genetic testing services for Chinese people and conducts life data analysis business. China $16M - [**GrandOmics**](https://millionrounds.com/company/grandomics) Grandomics provides molecular diagnosis, research, and carrier screening for single gene diseases. China $15M ### Manufacturing 4 startups · $1.6B raised - [*XM* **Xiaopeng Motors**](https://millionrounds.com/company/xiaopeng-motors) China $935M - [*CA* **CHJ Automotive**](https://millionrounds.com/company/chj-automotive) China $473M - [**Zhenkunhang**](https://millionrounds.com/company/zhenkunhang) Zhenkunhang is an E-commerce distribution platform that allows users to buy lubricants, adhesives, fasteners and industrial products. China $193M - [*ZT* **ZhiZai Technology**](https://millionrounds.com/company/zhizai-technology) China $7.5M ### Other 3 startups · $454M raised - [*E* **Edianzu**](https://millionrounds.com/company/edianzu) China $398M - [*D* **Dishtangie**](https://millionrounds.com/company/dishtangie) China $48M - [*YS* **Yi Sou**](https://millionrounds.com/company/yi-sou) China $8.0M ### Logistics 3 startups · $336M raised - [**Fuyoukache**](https://millionrounds.com/company/fuyoukache) Fuyoukache provides long distance truck logistics services to enterprises, individuals and large third-party logistics companies. China $193M - [*YD* **Yunniao Delivery**](https://millionrounds.com/company/yunniao-delivery) Yunniao Delivery is a Chinese B2B courier platform. China $100M - [*D* **Dishangtie**](https://millionrounds.com/company/dishangtie) China $43M ### AI 3 startups · $669M raised - [*Y* **Yuanfudao**](https://millionrounds.com/company/yuanfudao) Yuanfudao provides live courses and tutoring through an online platform. China $600M - [*Y* **Yihang.ai**](https://millionrounds.com/company/yihang-ai) Yihang.ai manufactures autonomous driving systems. China $47M - [*E* **Elens**](https://millionrounds.com/company/elens) Elens is an analysis solution developer. China $22M ### E-commerce 2 startups · $16M raised - [*F* **Fuliaoyi**](https://millionrounds.com/company/fuliaoyi) Fuliaoyi is a SaaS-based platform that provides supply chain management solutions for the textile industry. China $15M - [*5* **51edj**](https://millionrounds.com/company/51edj) Yixin Yixing Automobile aims to provide an economic and practical e-designated driving operation system. China $1.2M ### Edtech 2 startups · $896M raised - [**Vipkid**](https://millionrounds.com/company/vipkid) VIPKID为您提供1对1外教口语课程和英语体系课程,经8年学术沉淀,累计服务100万学员、1.5亿节课时,签约8万北美外教,100%本科学历、硕博占比33%以上,帮助您从零学英语,足不出户练口语.登录官网领免费试听课程,学英语来VIPKID! China $875M - [*XC* **Xigua City**](https://millionrounds.com/company/xigua-city) China $21M **How this map is made.** Every startup here has raised money in a round we track that names Matrix 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 **Matrix's investments in the United States** 26 startups · $3.0B](https://millionrounds.com/portfolio-maps/matrix-investments-united-states)[Portfolio map **Matrix portfolio map** 53 startups · $8.7B](https://millionrounds.com/portfolio-maps/matrix-portfolio-map)[Co-investors **Who invests with Matrix** 50 co-investors](https://millionrounds.com/portfolio-maps/matrix-co-investors)[Sector portfolio **Matrix's Internet portfolio** 11 startups · $2.1B](https://millionrounds.com/portfolio-maps/matrix-internet-portfolio)[Investments abroad **Index Ventures' investments in the United States** 217 startups · $50B](https://millionrounds.com/portfolio-maps/index-ventures-investments-united-states)[Investments abroad **Bossa Invest's investments in the United States** 161 startups · $6.5B](https://millionrounds.com/portfolio-maps/bossa-invest-investments-united-states) ## Raising from investors like Matrix? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)