# Vertex Ventures' Investments in China: 15 Startups by Sector (2026) > The 15 startups in China that Vertex Ventures has backed, by sector: Internet, E-commerce and Semiconductors and more. $1.1B raised. Updated nightly. Source: https://millionrounds.com/portfolio-maps/vertex-ventures-investments-china (Millionrounds; every figure on the page links to its filing or article) ## Internet 5 - [*X* Xiaoqule](https://millionrounds.com/company/xiaoqule) - [*L* LeCheBang](https://millionrounds.com/company/lechebang) - [*HV* Happy Vehicle Nation](https://millionrounds.com/company/happy-vehicle-nation) - [*HJ* Hua Juan](https://millionrounds.com/company/hua-juan) - [MashaMa](https://millionrounds.com/company/mashama) ## E-commerce 2 - [*W* Wangbaobao](https://millionrounds.com/company/wangbaobao) - [Ichuanyi](https://millionrounds.com/company/ichuanyi) ## Semiconductors 2 - [SemiDrive](https://millionrounds.com/company/semidrive) - [Evolusia](https://millionrounds.com/company/evolusia) ## Edtech 2 - [*NE* NetDragon Education](https://millionrounds.com/company/netdragon-education) - [ELERNITY](https://millionrounds.com/company/elernity) ## Foodtech 2 - [*L* LELECHA](https://millionrounds.com/company/lelecha) - [*RT* Ramen talk](https://millionrounds.com/company/ramen-talk) ## Biotech 2 - [Harbour BioMed](https://millionrounds.com/company/harbour-biomed) - [*UH* United Health](https://millionrounds.com/company/united-health) ## Segment by segment ### Internet 5 startups · $276M raised - [*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 - [*L* **LeCheBang**](https://millionrounds.com/company/lechebang) Lechebang designs and develops a mobile app that provides automobile maintenance and after-sale services. China $44M - [*HV* **Happy Vehicle Nation**](https://millionrounds.com/company/happy-vehicle-nation) China $44M - [*HJ* **Hua Juan**](https://millionrounds.com/company/hua-juan) China $40M - [**MashaMa**](https://millionrounds.com/company/mashama) Masha Ma is a signature line of a Chinese fashion designer Masha Ma. China $40M ### E-commerce 2 startups · $24M raised - [*W* **Wangbaobao**](https://millionrounds.com/company/wangbaobao) Wangbaobao is a oatmeal brand. China $14M - [**Ichuanyi**](https://millionrounds.com/company/ichuanyi) Ichuanyi develops a Chinese fashion and clothing mobile application. China $10M ### Semiconductors 2 startups · $302M raised - [**SemiDrive**](https://millionrounds.com/company/semidrive) SemiDrive is a Car smart driving chip developer China $288M - [**Evolusia**](https://millionrounds.com/company/evolusia) Evolusia specializes in the R&D and production of substrates for cutting-edge semiconductor materials like gallium oxide. China $15M ### Edtech 2 startups · $204M raised - [*NE* **NetDragon Education**](https://millionrounds.com/company/netdragon-education) NetDragon Education is an online education platform that targets students in Kindergarten to high school through websites and mobile apps. China $203M - [**ELERNITY**](https://millionrounds.com/company/elernity) ELERNITY provides educational resources with advanced information technologies. China $1.6M ### Foodtech 2 startups · $90M raised - [*L* **LELECHA**](https://millionrounds.com/company/lelecha) China $77M - [*RT* **Ramen talk**](https://millionrounds.com/company/ramen-talk) Ramen Talk produces ready-to-cook ramen with long-simmered broth and packaged noodles for home preparation. China $13M ### Biotech 2 startups · $197M raised - [**Harbour BioMed**](https://millionrounds.com/company/harbour-biomed) Harbour BioMed is a clinical stage biopharmaceutical company developing innovative therapeutics in the fields of immuno-oncology. China $190M - [*UH* **United Health**](https://millionrounds.com/company/united-health) Beijing Zhongliankang Biological Technology China $6.7M **How this map is made.** Every startup here has raised money in a round we track that names Vertex Ventures 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 **Vertex Ventures' investments in the United States** 62 startups · $4.5B](https://millionrounds.com/portfolio-maps/vertex-ventures-investments-united-states)[Portfolio map **Vertex Ventures portfolio map** 106 startups · $8.5B](https://millionrounds.com/portfolio-maps/vertex-ventures-portfolio-map)[Co-investors **Who invests with Vertex Ventures** 100 co-investors](https://millionrounds.com/portfolio-maps/vertex-ventures-co-investors)[Sector portfolio **Vertex Ventures' AI portfolio** 31 startups · $1.3B](https://millionrounds.com/portfolio-maps/vertex-ventures-ai-portfolio)[Sector portfolio **Vertex Ventures' Biotech portfolio** 13 startups · $2.2B](https://millionrounds.com/portfolio-maps/vertex-ventures-biotech-portfolio)[Investments abroad **Nascent's investments in the United States** 19 startups · $738M](https://millionrounds.com/portfolio-maps/nascent-investments-united-states) ## Raising from investors like Vertex Ventures? 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