# Top 25 Hospitality VC (Venture Capital) Funds in China in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Eastern Bell Capital | 2 | China, Hong Kong, United States | Series A, Series B, Series C | E-Commerce, Manufacturing, Logistics |
| Frees Fund | 2 | China, United States, Singapore | Series A, Seed, Angel | Artificial Intelligence, E-Commerce, Health Care |
| Legend Capital | 2 | China, United States, South Korea | Series B, Series A, Series C | Health Care, Biotechnology, Medical |
| The Ascott China | 1 | China | Series A, Series D | Customer Service, Apps, Rental |
| Innovation and Technology Venture Fund | 1 | Hong Kong, China | Series A, Seed, Series B | Information Technology, Logistics, Financial Services |
| Ding Xiang Capital | 1 | China | Seed, Angel, Series A | Manufacturing, Solar, Space Travel |
| Puhua Capital | 1 | China, United Kingdom, United States | Series A, Series B, Angel | Health Care, Medical, Biotechnology |
| QF Capital | 1 | China, Hong Kong, United States | Series A, Angel, Seed | E-Commerce, Internet, Artificial Intelligence |
| CCB International | 1 | China, United States, Hong Kong | Series C, Series A, Series B | Health Care, Biotechnology, Medical |
| Boyu Capital | 1 | China, United States, Hong Kong | Series A, Series C, Series D | Biotechnology, Health Care, Pharmaceutical |
| Anova Capital | 1 | China | Seed, Series A | Education, Rental, Travel |
| ClearVue Partners | 1 | China, United States, Denmark | Series B, Series A, Series C | E-Commerce, Food and Beverage, Food Delivery |
| Cathay Capital | 1 | China, France, United States | Series B, Private Equity | Manufacturing, Health Care, Electronics |
| Beyond Ventures | 1 | China | Series A | SaaS, Hotel, Retail |
| Huazhu Hotels Group | 1 |  |  |  |
| Zero2IPO Ventures | 1 | China, India, Taiwan | Series A, Series B, Angel | E-Commerce, Internet, Education |
| Shanda Capital | 1 | China, United States, Hong Kong | Angel, Series A, Seed | Mobile, Software, Medical |
| StarVC | 1 | China, United States | Series A, Series B, Angel | Software, Information Technology, Artificial Intelligence |
| Magic Capital | 1 | China, United States, Hong Kong | Series A, Angel, Seed | Apps, Education, Internet |
| Gaw Capital Partners | 1 | China, Singapore, United States | Series A, Seed, Series B | Information Technology, Hotel, Property Management |
| Maintrend Capital | 1 | China | Series A, Seed, Series B | Supply Chain Management, Internet, Training |
| YF Capital | 1 | China, United States, Indonesia | Series A, Series B, Series C | Biotechnology, Internet, Information Technology |
| Fosun International | 1 | China, Israel, United States | Series A, Series B, Series C | Health Care, Information Technology, Manufacturing |
| Gobi Partners | 1 | China, Malaysia, Indonesia | Series A, Seed, Series B | E-Commerce, Financial Services, Internet |
| High Star Holding Group | 1 | China | Seed, Debt Financing | Hotel, Hospitality |

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