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Top 35 Sporting Goods VC Funds & Investors in China (May 2026)

The most active venture capital funds investing in China Sporting Goods startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Sporting Goods startup companies. Find investors to raise a Series A, Series B or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eagles Fund
VC Fund
3 China, United States Angel, Series A, Seed Information Technology, Media and Entertainment, Internet $82k–$4.1M
Ricebank
VC Fund
1 China Angel, Series A Electric Vehicle, Travel, Hardware $137k–$9.9M
GSR United Capital
VC Fund
1 China, Singapore, United States Series A, Series B, Angel Information Technology, Robotics, Automotive $412k–$69M
Buhuo Ventures
VC Fund
1 China Series A, Series B, Angel E-Commerce, Food and Beverage, B2B $412k–$50M
IDG Capital
VC Fund
1 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $2.9M–$190M
Wedo Capital
VC Fund
1 China Seed, Angel, Series A Biotechnology, Manufacturing, Legal $137k–$14M
Ceyuan Ventures
VC Fund
1 China, United States, Singapore Series A, Series B, Angel Software, Internet, Mobile $412k–$30M
Baozun Commerce
VC Fund
1 China Series A, Angel, Post-IPO Equity E-Commerce, Fashion, Sales
Blackbirdsport
VC Fund
1
Dark Horse Ventures
VC Fund
1 China, Mexico Angel, Series A, Seed Information Technology, Software, Education $287k–$11M
Redstone Capital
VC Fund
1 China Series A Mobile, E-Commerce, Consumer Goods $2.5M–$10M
Ameba Capital
VC Fund
1 China, United States, Hong Kong Angel, Series A, Series B Software, Information Services, E-Commerce $412k–$137M
Share Capital
VC Fund
1 China, United States, Hong Kong Series A, Series B, Angel Medical, Health Care, Biotechnology $412k–$55M
Cenova
VC Fund
1 China, Singapore, United States Series B, Series A, Series C Health Care, Medical, Pharmaceutical $1.4M–$100M
Beiruan Angle
VC Fund
1 China Series A, Angel, Seed Information Technology, E-Commerce, Consumer Goods $412k–$2.7M
Prox Ventures
VC Fund
1 China, United States, United Kingdom Seed, Series A Medical, Biotechnology, Health Care
China Capital Investment Group
VC Fund
1 China, Thailand, Hong Kong Angel, Series C, Series A Health Care, E-Commerce, Education $412k–$137M
ShareLink Capital
VC Fund
1 China, The Netherlands Series A, Angel, Series B Hardware, Health Care, Biotechnology $412k–$14M
Jinding Capital
VC Fund
1 China Series A, Series B, Seed Manufacturing, Health Care, E-Commerce $1.4M–$55M
PreAngel
VC Fund
1 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain $124k–$10M
Innoangel Fund
VC Fund
1 China, Canada, Hong Kong Angel, Series A, Seed Artificial Intelligence, Software, Electronics $300k–$10M
KAIYUNTOUZI
VC Fund
1 China Angel Sporting Goods, Event Management, Media and Entertainment
SPRIGHT
VC Fund
1 China Series A Sports, E-Commerce, Sporting Goods
Toread Holdings Group
VC Fund
1 China Series A Sports, E-Commerce, Sporting Goods
Dahe Ventures
VC Fund
1 China Angel, Series A, Series B Information Technology, Apps, E-Learning
China Equity
VC Fund
1 China, United States, Canada Series A, Series B, Angel Software, Internet, Education $412k–$100M
Ningbo Angel Capital Guiding Fund
VC Fund
1 China Angel, Series A, Seed Hardware, Manufacturing, Information Technology $137k–$14M
Huading Touzi
VC Fund
1
Zehou Touzi
VC Fund
1 China Angel, Series A Fashion, E-Commerce, Apps
Thunderstorm VC
VC Fund
1 China Angel, Series A Information Technology, Online Games, Housekeeping Service $412k–$3.8M
Henggu Touzi
VC Fund
1 China Angel E-Commerce, Consumer Goods, Sporting Goods
BW Ventures
VC Fund
1 China Angel, Seed, Series A Software, Apps, Information Technology
Hammer Capital Management
VC Fund
1 China Series A, Series B Mobile, Big Data, Hardware
Plum Ventures
VC Fund
1 China, United States, Japan Angel, Series A, Seed Software, E-Commerce, Internet $412k–$16M
ZTE Venture Capital Fund Management
VC Fund
1 China Angel, Series A E-Commerce, B2B, Electronics
Access all 47 VC funds in China Sporting Goods startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Eagles Fund
VC Fund · Beijing, Beijing, China · 3 investments in China Sporting Goods startups

Eagles Fund is a diversified angel fund and family fund.

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Investment focus

  • Industry: Information Technology, Media and Entertainment, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 76
  • Round size: Seed $82k–$2.7M; Angel $412k–$1.4M; Series A $412k–$4.1M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Cai Xiaomi — Cai Xiaobi provides Saas service for supply chain service in agri foods.
  • Star Speed Store — Star Speed Store is a delivery robot provider. Star Speed Store provides hotels with delivery robots for delivering food, packages, and room service within eight minutes – a typical last-mile journey on the premises.
  • Tianbing Technology — Tianbing Technology is an advanced aerospace propulsion system supplier and aerospace vehicle provider. Tianbing Technology independently develops the next-generation ambient temperature green HCP liquid propellant and minimalist aerospace propulsion system. As an upgraded product of traditional chemical propulsion system, it can meetcost-effective aerospace. Advance system supporting needs. The next-generation green HCP aerospace propulsion system, first tested by Tianbing Technology, can be used in the small-vehicle main power and launch vehicle upper-level propulsion system.
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Ricebank
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Sporting Goods startups

Ricebank is a comprehensive investment management company.

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Investment focus

  • Industry: Electric Vehicle, Travel, Hardware
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 7
  • Round size: Angel $137k–$1.4M; Series A $1.3M–$9.9M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Yunmake — Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app.While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem thatextends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.
  • Uma — Uma is the provider of smart mobility solutions in China.
  • Leke Dujiaoshou — Like Dujiaoshou creates an Internet community ecosystem for entrepreneurs, helping entrepreneurs to connect capital, link resources, and provide educational services.
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GSR United Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups

GSR United Capital is a venture capital firm invests in early and middle stages companies.

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Investment focus

  • Industry: Information Technology, Robotics, Automotive
  • Stage:Series A, Series B, Angel
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 55
  • Round size: Angel $412k–$6.9M; Series A $1.6M–$69M; Series B $4.1M–$50M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Immorta — Immorta is dedicated on offering high-performance chips made for automobiles. The products are very dependable and stable, and they satisfy the safety and intelligence needs of the industrial control and automotive industries.
  • using.ai — using.ai is an AI application service provider that specializes in machine vision, robotics learning and machine learning.
  • FancyTech — FancyTech creates social media data analytics software that is intended to give users marketing options. Its software creates reports and placement recommendations for marketing, allowing users to target a wider, more relevant clientele.
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Buhuo Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups

Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.

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Investment focus

  • Industry: E-Commerce, Food and Beverage, B2B
  • Stage:Series A, Series B, Angel
  • Geography: China

Investor stats

  • Total investments: 18
  • Round size: Angel $412k–$1.4M; Series A $1.4M–$15M; Series B $8.6M–$50M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Otter Tonton — Otter Tonton focuses on self-developed ultra-instant freeze-drying technology, in the field of brewing fruit tea.
  • Guoquan Shihui — Guoquan Shihui is a hot pot barbecue food supplier. It is the first supermarket convenience store chain system that mainly includes hot pot and barbecue ingredients, covering casual snacks, fresh food, clean dishes, diet, snacks and other commodities. With the B2B and B2C operating modes of the Internet + ingredients, the offline stores are inparallel with the online store. Solve the pain points of the two major industries, that is, provide the supply of B-end food for the majority of small and medium-sized catering enterprises, and provide more convenient family life for more and more people who are “home, urgent, busy, lazy and old”.
  • Dongpin Daojia — Dongpin Daojia is a cold chain company.
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IDG Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups, 24 in the past 12 months

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 611
  • Round size: Series A $2.9M–$100M; Series B $6.9M–$137M; Series C $15M–$190M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Infinimos — Infinimos is a Cosmos ecological liquid staking derivatives platform that aims to build a decentralized and democratized ecosystem capable of maximizing staking rewards while retaining liquidity.
  • Xbotspace — Xbotspace is the generative AI middleware startup investigates the implementation and deployment of huge language models.
  • Biotyx Medical — Biotyx Medical manufactures and sells iron-based biodegradable vascular materials and stents.
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Wedo Capital
VC Fund · Wenzhou, Zhejiang, China · 1 investments in China Sporting Goods startups

Wedo Capital is an investment firm, focuses on the biomedical, energy, and intelligent manufacturing companies.

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Investment focus

  • Industry: Biotechnology, Manufacturing, Legal
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 9
  • Round size: Seed $137k–$14M; Angel $412k–$687k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • HemaCell — Xueji Bio is a new cell therapy company founded by returnee experts to regenerate hematopoietic lineages (including blood cells and immune cells) in vitro, with unique stem cell reprogramming, editing and differentiation technologies. The company's unique iPSC establishment technology and gene targeting technology can quickly establish aplatform using platelet cells as a drug delivery carrier.
  • Rongsi Semiconductor — Rongsi Semiconductor is a design developer of wide-bandgap semiconductor silicon carbide power devices.
  • Wenzhou Aerospace Power — Wenzhou Aerospace Power is a research and development manufacturer of satellite electric propulsion and engines.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Sporting Goods startups

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

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Investment focus

  • Industry: Software, Internet, Mobile
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 102
  • Round size: Angel $412k–$3M; Series A $1M–$22M; Series B $2.7M–$30M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — last raise in 2012

Portfolio highlights

  • Zaihui — Zaihui is a SaaS-based data-driven marketing automation solution for local businesses that offers them with member management, precipitation members, incentive members, and mining member values. Product system offers intelligent precision marketing, integral marketing, stored-value marketing, anniversary marketing, attendant performance, thememarketing activities, and brand packaging marketing.Zaihui is headquartered in China and the company was founded in 2015.
  • Qinglei Technology — Qinglei Technology is a radar sensing technology startup.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
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Baozun Commerce
VC Fund · Shanghai, Shanghai, China · 1 investments in China Sporting Goods startups

Baozun Commerce is a provider of brand management solutions in China. It is an e-commerce service partner founded in 2007.It focuses to help brands and retailers to become successful in China. Baozun provides end-to-end services, including web site design, development and hosting, IT infrastructure, customer service, warehousing and logisticsservices as well as digital marketing solutions.Baozun Commerce connects brands and consumers in China using their local know-how and robust e-commerce supply chain technology and services. It strives to protect and enhance brands’ images online while enabling increased engagement with Chinese consumers to drive sales and profit.

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Investment focus

  • Industry: E-Commerce, Fashion, Sales
  • Stage:Series A, Angel, Post-IPO Equity
  • Geography: China

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Nobaday — NOBADAY is snow sports brand creating high quality snowboard gear, including snowboards,snowboard jackets,snowboard pants,snowboard hoodies,goggles,accessories...
  • ZHONGZHIHUI — ZHONGZHIHUI is a supply chain empowerment platform.
  • Lanvin Group — Lanvin group is a fashion industry that oversees the labels lanvin, caruso, wolford, sergio rossi, and st. John knits. It is offering this assistance along with in-depth information about and connection to the fashion markets.
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Blackbirdsport
VC Fund · Haidian, Beijing, China · 1 investments in China Sporting Goods startups

Blackbirdsport is an application for recording and sharing riding.

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Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • iGPSPORT — iGPSPORT is one of the leading manufacturers for bike computers, heart rate monitors, and cycling sensors.
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Dark Horse Ventures
VC Fund · Haidian, Beijing, China · 1 investments in China Sporting Goods startups

Dark Horse Venture is a venture capital firm that invests at early-stage startups in industrial internet and technology.

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Investment focus

  • Industry: Information Technology, Software, Education
  • Stage:Angel, Series A, Seed
  • Geography: China, Mexico

Investor stats

  • Total investments: 36
  • Round size: Seed $287k–$1.5M; Angel $412k–$1.4M; Series A $412k–$11M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Sensedeal — Sensedeal is a data intelligence research and development service provider.
  • Tuyun Space — Tuyun Space focuses on developing a common twin platform. For the universal twin platform, Tuyun Space builds technical barriers through four basic capabilities: 1. Spatial modeling; 2. Data coupling; 3. Rendering and visualization; 4. Simulation analysis.
  • Maicong Software — Maicong Software is a Data as a Service software manufacturer.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Redstone Capital
VC Fund · Wenzhou, Zhejiang, China · 1 investments in China Sporting Goods startups

Redstone Capital is an equity investment and asset management company.

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Investment focus

  • Industry: Mobile, E-Commerce, Consumer Goods
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 3
  • Round size: Series A $2.5M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shanmai.cn — Shanmai.cn is an e-commerce platform specialized in sleeping bags, backpacks, mats, jackets, fleece and trousers.
  • ICE Bioscience — ICE Bioscience was founded in 2010, an Innovative CRO+ Explorer company focusing in early drug discovery services from target validation to pre-clinical candidate identification, with strong capabilities and technologies in Immunology and Oncology, Cardiovascular and CNS diseases areas. ICE Bioscience provides high professional communication andflexible collaboration models, to speed up drug discovery process better and faster.ICE Bioscience has wide target-based panel screening platform ready-to-use, we keep trying to expand diverse techniques related to Biology and Pharmacology, to support various drug discovery purpose for different indications and clinical needs, we do have quite a lot of new assays development experience and passion, to accomplish target identification and assay validation, compounds screening from hit to lead, to pre-clinical drug candidate selection.
  • Zhaoliangji.com — Zhaoliangji.com is a Chinese second-hand mobile phone trading platform.
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Ameba Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Sporting Goods startups

Ameba Capital is a Chinese venture capital firm that provides early and growth stage investments. Ameba Capital makes investments in the telecommunications, media, and technology industries, focusing on SaaS, AI, Digital Transformation and other disruptive technologies.

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Investment focus

  • Industry: Software, Information Services, E-Commerce
  • Stage:Angel, Series A, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 71
  • Round size: Angel $412k–$1.4M; Series A $1M–$20M; Series B $2.7M–$137M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $265M in 2021

Portfolio highlights

  • Hina — Hina is a recruitment management system that helps to manage the recruitment process of candidates.
  • Collov — Collov is a virtual interior design & shopping platform that offers interior design services stocked with shoppable goods from many brands.
  • JKStack — Jingkun Technology is the first manufacturer to advocate Workflow in China. It builds "Enterprise IT ERP System" with automated data governance and workflow as the core, uses automation, low-code, faster and more flexible to open up application information islands, and redefines digital orchestration through Workflow. services, endow IToperations with automation capabilities, and deeply integrate with business. Jingkun benchmarks against the global Workflow leader.
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Share Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Sporting Goods startups

Share Capital is a venture capital firm specializing in seed, start-up, early, middle, growth capital, and Pre-IPO investments. it primarily invests in big living, medical healthcare, and internet innovation. In medical healthcare, it seeks to invests in pharmaceuticals, innovative equipment, biotechnology, diagnostic testing equipment andreagents, anti-infectives, drug discovery, medical health service, mobile medical services, and informatization.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 72
  • Round size: Angel $412k–$824k; Series A $1.4M–$10M; Series B $2.7M–$55M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Clounix — Clounix manufactures customizable silicon network chips and cloud native software technology solutions.
  • Jodell Robotics — Jodell develops intelligent robotic equipment designed to serve in automotive and logistics industries.
  • Help Stem Cell Innovations — Help Stem Cell Innovations Co. Ltd. is the first biotechnology company in China to use iPSC-induced pluripotent stem cell technology to regenerate myocardial, liver, nerve and other tissues and organs. Relying on this core technology, Elp Regenerative Medicine is committed to building a national biological sample bank and cell preparation center,leading the frontier of cell therapy, promoting the clinical transformation of regenerative medicine, and solving the clinically unresolvable degenerative and functional impairment diseases. Reshape human health.
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Cenova
VC Fund · Shanghai, Shanghai, China · 1 investments in China Sporting Goods startups

Cenova Capital is one of the earliest healthcare dedicated funds in China founded in 2010 by Dr Jun WU and is one of the earliest investors in private healthcare services and digital health, with helps to facilitate the transformation of healthcare in China from an exclusively state-owned system to a more efficient, market-oriented system. CenovaCapital is healthcare funds dedicated to early and growth-stage investments in the life sciences and healthcare sector in China. Since inception in 2010, Cenova now has five funds under management with investments in over 50 companies in healthcare services, pharmaceuticals, medical devices and digital heath. Cenova's investors are mainly large domestic and international institutional investors including Asian sovereign wealth funds, government institutions, insurance and financial institutions and multinational companies.

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Investment focus

  • Industry: Health Care, Medical, Pharmaceutical
  • Stage:Series B, Series A, Series C
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 31
  • Round size: Series A $1.4M–$38M; Series B $2.7M–$61M; Series C $27M–$100M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Phage Pharm — Phage Pharm is a professional enterprise in the industrialization of bacteriophages.
  • Yuanyin Bio — Yuanyin Bio focuses on the research and application of circular RNA technology in the field of innovative drugs and innovative therapies.
  • Hunan Yiyi Pharmaceutical Technology — Hunan Yiyi Pharmaceutical Technology
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Beiruan Angle
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups

Beiruan Angle is a professional angel investment institution.

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Investment focus

  • Industry: Information Technology, E-Commerce, Consumer Goods
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Angel $412k–$1.1M; Series A $1.4M–$2.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gsubo — Gsubo offers a high-speed cloud platform that provides solutions for various industries.
  • R2TECK — R2TECK is engaged in the research and development of UHD digital image transmission equipment.
  • WiseWash — WiseWash is a laundry information management system.
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Prox Ventures
VC Fund · Shanghai, Shanghai, China · 1 investments in China Sporting Goods startups

Proxima Ventures focuses in the healthcare industry, supporting outstanding enterprises with innovative technologies or service models that have tremendous potential.They manage multiple funds in RMB and US dollar, covering from seed to growth stages. Their team members with multidisciplinary backgrounds and resourceful networks, have many yearsof remarkable venture capital experience and achievements. They believe that active and effective collaboration with entrepreneurs will make substantial economic returns while bring meaningful improvements in public health.

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Investment focus

  • Industry: Medical, Biotechnology, Health Care
  • Stage:Seed, Series A
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 46
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • VerImmune — Located in Baltimore, Maryland, VerImmune is an Immuno-Oncology company developing a first-in-class cancer therapy known as Anti-tumor Immune Redirection. This strategy utilizes a proprietary tumor-specific, tumor type agnostic, virus-inspired platform termed Anti-tumor Immune Redirection Virus-inspired Particles (AIR-ViPs) that redirectspre-existing pathogenic or childhood vaccine immune memory towards tumors.
  • VacV Biotech — VacV Biotherapeutics develops an oncolytic virus platform based on the vaccinia virus. The platform genetically modifies the oncolytic virus, which improves its specificity to tumors, reduces neurotoxicity, enhances the therapeutic effect, and greatly increases the production of extracellular enveloped virus (EEV). It has higher safety andefficiency and can be administered by intravenous injection.
  • HROCT LITT Medtech — HROCT LITT Medtech has developed the unique SNP(Smart Needle Probe) needle imaging, assembled as a catheter, which OD is smaller than 1/5 of the traditional invasive OCT catheter, while the depth and resolution are all multiple times of the traditional invasive OCT catheter, achieving 1um level to supply the histopathology needed microimaging.The fiber could be compatible with different kinds of biopsy needles to access the targets, and also could be coupled with a specific laser to achieve OCT situ diagnosis and laser ablation. Its technology provides revolutionary solutions to neurosurgery, interventional pulmonology, neurovascular, nephropathy, mammary gland, cardiac, GI, and other fields.
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China Capital Investment Group
VC Fund · Shanghai, Shanghai, China · 1 investments in China Sporting Goods startups

Founded in 1995 with approval granted by the State Administration for Industry, the China Capital Investment (Group) Co., Ltd. (‘CCIG’) is registered in Shanghai with a registered capital of CNY300 million.CCIG seeks to optimize its investment structure as well as enhance its economic growth and competitive edge by fully harnessing theopportunities unleashed by changes in the global economic structure and China’s economic transformation. To this end, CCIG focuses on industry investments and capital operations and manages its assets in a professional and investment-centered manner that is at the same time grounded in industry experience.Currently, CCIG involves a number of areas, including mining, healthcare, real estate, cultural tourism, Information Technology, energy, and finance and securities. With a strong asset structure and abundant operational cash flow, CCIG is slated to grow its financial strength, establish more quality investment programs, implement excellent management and tap on a strong pool of professional talents as its assets take more a more international profile.

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Investment focus

  • Industry: Health Care, E-Commerce, Education
  • Stage:Angel, Series C, Series A
  • Geography: China, Thailand, Hong Kong

Investor stats

  • Total investments: 36
  • Round size: Angel $412k–$412k; Series A $1.4M–$11M; Series C $16M–$137M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • WorkTrans — WorkTrans is a human resource management software developer based in China. The company provides a platform for diversified training modes and capabilities, allowing clients to gain more development possibilities in the future.
  • Binhui Biotech — Wuhan Binhui Biotechnology Co., Ltd. was established in 2010. The company is located in the Optics Valley Bio City of Donghu National Independent Innovation Demonstration Zone. The company is committed to providing innovative products and services for the field of oncology integration (including diagnosis and treatment), and developing products andservices that have independent intellectual property rights and can compete with other manufacturers on the international stage.
  • Vision Medicals — Vision Medicals is a provider of pathogenic gene diagnostic services, focusing on infection-precise medical treatment, high-throughput sequencing-based pathogen metagenomics and CRISPR-based rapid diagnosis and other new technologies, effectively improving the detection ability of clinical pathogens and shortening The reporting cycle acceleratedthe development of the infection-accurate medical industry. The company developed a pathogenic nucleic acid enrichment technology with independent intellectual property rights for the detection of pathogenic micronucleic acids in clinical samples. The pathogen macro was established through the accumulation of pathogen detection big data. Genomics intelligent analysis and reporting system.
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Jinding Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups, 17 in the past 12 months

Jinding Capital is a leading industrial equity investment institution in China.

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Investment focus

  • Industry: Manufacturing, Health Care, E-Commerce
  • Stage:Series A, Series B, Seed
  • Geography: China

Investor stats

  • Total investments: 36
  • Round size: Series A $1.4M–$30M; Series B $6.9M–$55M
  • Lead/follow: 49% lead, 51% follow

Portfolio highlights

  • Jinengyi — Jinengyi specializes in long-term intelligent monitoring and solar system power optimization. It is a developer of photovoltaic power plant inverters and monitoring communication systems.
  • Tengchuang — Tengchuang is an animal health pharmaceutical company specializing in improving the standard of animal healthcare.
  • AIMIRA Innovation Technology — AIMIRA Innovation Technology is an AI-based medical technology company that offers diagnosis, aesthetic plastic surgery, and anti-aging medicine.
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PreAngel
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups

PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources.

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Investment focus

  • Industry: Internet, Software, Blockchain
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Switzerland

Investor stats

  • Total investments: 104
  • Round size: Seed $124k–$2.4M; Angel $137k–$1.4M; Series A $412k–$10M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
  • X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
  • Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform
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Innoangel Fund
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups, 9 in the past 12 months

Innoangel Fund is an investment firm that invests in early stage companies.

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Investment focus

  • Industry: Artificial Intelligence, Software, Electronics
  • Stage:Angel, Series A, Seed
  • Geography: China, Canada, Hong Kong

Investor stats

  • Total investments: 125
  • Round size: Seed $412k–$10M; Angel $300k–$2.7M; Series A $1.4M–$8M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Qingke Dynamics — Qingke Dynamics is a microgas turbine equipment manufacturer that focuses on emerging clean energy technology, steam turbines, auxiliary equipment sales, research and development
  • Nano Semiconductor — Nano Semiconductor provides manufacturing, research, and development of semiconductor front-end defect detection equipment.
  • Xungene Therapeutics — Xunjing Biotech creates RNA-targeting small molecule medicines. The company's goal is to create RNA-targeting small molecule therapeutics that target uncommon disorders and malignancies. It employs RNA structure detection and artificial intelligence technology with its own intellectual property rights to design, screen, and evaluate smallmolecule drugs, shorten the R&D cycle in a more efficient and smarter manner, improve development efficiency, and promote faster drug marketing.
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KAIYUNTOUZI
VC Fund · Ningbo, Zhejiang, China · 1 investments in China Sporting Goods startups

KAIYUNTOUZI specializes in private equity investment and entrusted asset management.

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Investment focus

  • Industry: Sporting Goods, Event Management, Media and Entertainment
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • KOOSA — KOOSA offers sports events and sells sporting goods that include cross-country running, mountaineering, rock climbing, cliff downhill, camping in the wild, picnics, orienteering, and streams. They allow consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Their products serve consumers.
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SPRIGHT
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups

SPRIGHT is an artificial intelligence and big data service company.

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Investment focus

  • Industry: Sports, E-Commerce, Sporting Goods
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yoger.com — Yoger.com is a sporting goods platform.
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Toread Holdings Group
VC Fund · Changping, Beijing, China · 1 investments in China Sporting Goods startups

Toread Holdings Group designs, manufactures, and retails camping and outdoor equipment.

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Investment focus

  • Industry: Sports, E-Commerce, Sporting Goods
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yeoner — Yeoner is an outdoor sports company that provides video programs, evaluations, and other content for outdoor users via WeChat. They specialize in global outdoor sports and outdoor technology trends as well as smart wearables for outdoor enthusiasts.
  • Yoger.com — Yoger.com is a sporting goods platform.
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Dahe Ventures
VC Fund · Shanghai, Shanghai, China · 1 investments in China Sporting Goods startups

Dahe Ventures is an investment management company focused on private equity investment.

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Investment focus

  • Industry: Information Technology, Apps, E-Learning
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Gsubo — Gsubo offers a high-speed cloud platform that provides solutions for various industries.
  • AceGear — AceGear is a platform that brings together industry opinion leaders and car culture and car life clubs to enrich car playing life.
  • Hudongba — Hudongba is an event publishing and ticketing platform.
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China Equity
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups

ChinaEquity is China's private merchant bank engaging in VC, PE, Direct investments as well as investment management. It provides one-stop cross-border VC PE and direct investments to high-tech enterprises throughout the Greater-China Region.The company uniquely positions itself to the booming Chinese technology, media, telecommunications,biotechnology and environmental technology, sports, medicine and the natural resource industries, and aims to equilibrate the demand and the supply in the capital market and provide total solutions to all parties on the capital flow chain.Clear development strategy and innovative business model has helped ChinaEquity to achieve outstanding performances. Its resources and networks extend all over the Silicon Valley, Wall Street, Europe and Greater China. International strategic alliance and partnerships allow the company to be able to cover all stages of investment and financing. Since inception, ChinaEquity has achieved a promising portfolio of investments and has established a high-quality customer base.ChinaEquity fully understands the political, economic and cultural environment in Greater-China, is well experienced in international capital market operations, and familiar with development trend. The company maintains long-term and favorable communications with Chinese governmental bodies, international financial institutions and high-tech enterprises.ChinaEquity was founded in 1999 by Mr. Chao Y. Wang, formerly the Vice President and Beijing Chief Representative of Morgan Stanley Dean Witter. The senior partners and executives joined ChinaEquity from international and domestic renowned financial institutions and high-tech enterprises.

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Investment focus

  • Industry: Software, Internet, Education
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 75
  • Round size: Angel $412k–$2.7M; Series A $1.4M–$41M; Series B $2.7M–$100M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • iSMARTWAYS — iSMARTWAYS provides core equipment and solutions for V2X connected vehicles and intelligent transportation.
  • Transcenta — Transcenta is a global biotherapeutic company that fully integrates antibody-based biotherapeutics discovery, R&D and manufacture, focusing on developing innovative antibodies to help more patients. HJB and MabSpace Biosciences merged and created Transcenta.
  • iSmartWays — iSmartWays Technology is a technology company, engages in connected vehicle (V2X) and transportation technology. iSmartWays Technology specializes in research, development and manufacturing of connected vehicle hardware and software solutions.
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Ningbo Angel Capital Guiding Fund
VC Fund · Ningbo, Zhejiang, China · 1 investments in China Sporting Goods startups

Ningbo Angel Capital Guiding Fund is a non-profit-oriented policy fund set up by the municipal government.

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Investment focus

  • Industry: Hardware, Manufacturing, Information Technology
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 32
  • Round size: Seed $137k–$137k; Angel $206k–$1.4M; Series A $1.4M–$14M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Hengpujiguang — Hengpujiguang is a developer of 3D printing metal machine.
  • Jia Jia Jian Jian — Jiajia Inspection is a provider of intelligent point-of-care diagnostic products and services.
  • Astro-Energy Technology — Astro-Energy Technology is a service provider of household new energy products and systems.
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Huading Touzi
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Sporting Goods startups

Huading Touzi is an investment management, investment consulting, and equity investment firm.

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Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Youhualin — Youhualin provides intelligent decision-making solutions, data strategy consulting, and software implementation services.
  • Shanmai.cn — Shanmai.cn is an e-commerce platform specialized in sleeping bags, backpacks, mats, jackets, fleece and trousers.
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Zehou Touzi
VC Fund · Jiading, Shanghai, China · 1 investments in China Sporting Goods startups

Zehou Touzi is an investment firm.

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Investment focus

  • Industry: Fashion, E-Commerce, Apps
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Wahool — Wahool promotes social selling and digital commerce using paid campaigns, sponsored streams, and influencer marketing channels.
  • bimart.cn — bimart.cn is a financial technology company that focuses on commercial credit pricing and circulation.
  • nahuo.com — nahuo.com is an online portal for fashion and apparel.
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Thunderstorm VC
VC Fund · Guangzhou, Guangdong, China · 1 investments in China Sporting Goods startups

Founded in June 2012, Thunderstorm VC is a well-known professional organization for angel investment / venture investment in South China. Thunderstorm Capital focuses on investment in the field of TMT, focusing on areas such as culture and education, entertainment media, consumer sharing, AI, robotics, Internet of Things, etc.

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Investment focus

  • Industry: Information Technology, Online Games, Housekeeping Service
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Angel $412k–$1.4M; Series A $412k–$3.8M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • iGPSPORT — iGPSPORT is one of the leading manufacturers for bike computers, heart rate monitors, and cycling sensors.
  • Bangongyi — Bangongyi is a human resource management and solution company.
  • Leyi Biology — Leyi Biology is a biotechnology company that focuses on research and innovation in breath molecular diagnostic technology and achieves rapid diagnosis for the digestive system through human breath detection.
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Henggu Touzi
VC Fund · Beijing, Beijing, China · 1 investments in China Sporting Goods startups

Henggu Touzi is an investment management firm.

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Investment focus

  • Industry: E-Commerce, Consumer Goods, Sporting Goods
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Shanmai.cn — Shanmai.cn is an e-commerce platform specialized in sleeping bags, backpacks, mats, jackets, fleece and trousers.
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BW Ventures
VC Fund · Chaoyang, Liaoning, China · 1 investments in China Sporting Goods startups

BW Ventures is an investment firm.

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Investment focus

  • Industry: Software, Apps, Information Technology
  • Stage:Angel, Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • Fuulea — Fuulea is a high school tablet teaching system provider.
  • Lalu Shijia — Lalu Shijia is a processed food brand.
  • Mitu Huan Teng Technology — Mitu is a social platform for entertainment games, focusing on offline multiplayer entertainment games. With KOS (Key Opinion Sales) as the core, it provides consumers with online group buying and offline shopping. Play and other services.
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Hammer Capital Management
VC Fund · Santa Barbara, California, United States · 1 investments in China Sporting Goods startups

Hammer Capital Management is a Santa Barbara based investment adviser specializing in technology sector growth investing. Despite the downturn in the technology sector, they believe that technology represents the future of their country, not the past. Accordingly, they believe that long term growth investors are well advised to considerestablishing portfolios in key leadership technology companies for the economic upturn that lies ahead.

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Investment focus

  • Industry: Mobile, Big Data, Hardware
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • XQIAO — XQIAO is a smart treadmill developer based in China.
  • TalkingData — TalkingData’s advanced data statistics and analytic software have reached nearly 1.5 billion mobile devices in China, providing the most data-rich, reliable and profound market reports from benchmark KPIs, to user behavior studies, to industry movements, trends, and forecasts. Our insightful reports can provide you powerful insights into theChinese Mobile Internet market.TalkingData offers the best-in-class Big Data products varying from highly-scalable data mining, deep data analytics, DMP (Data Management Platform), analytical reports, industry benchmarking, and deep-dive market insight reports. Today, 80% of the Top 50 developers in China rely on us to track their app metrics, analyze user data points, and monetization.Talkingdata was established in Sep. 2011 in Beijing. The Company finished Series A/B funding rounds of over tens of millions of dollars in 2013 and 2014 respectively. After nearly 4 years of rapid development, we now have close collaboration with 90% of the Top 10 distribution channels (Mobile app stores) and Top 10 Ad Networks in China. We are also developing cross-border cooperation with financial and other traditional industries.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 1 investments in China Sporting Goods startups

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 147
  • Round size: Seed $1.4M–$6.9M; Angel $412k–$4.1M; Series A $1.4M–$16M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • PINPHON — PINPHON is an industrial and commercial energy storage equipment research and development and energy storage system solution provider.
  • Mobi Youchuang — Mobi Youchuang is an online electronic mall platform. They offer household and daily necessities. Their services include a shopping guide and after-sales service.
  • Guangyin Technology — Guangyin Technology focuses on the research and development and production of perovskite photovoltaics. Guangyin Technology provides low-cost renewable and clean energy solutions.
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ZTE Venture Capital Fund Management
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Sporting Goods startups

ZTE Venture Capital Fund Management is engaged in equity investment in non-listed companies in the TMT industry.

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Investment focus

  • Industry: E-Commerce, B2B, Electronics
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • YKY — YKY is an online electronic components store.
  • Xijie — Xijie is an e-commerce platform for sports products.
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Sporting Goods VC funding in China at a glance

Stats across 23 deals from 47 investors.

47
investors
in China Sporting Goods startups
23
deals
in China Sporting Goods startups
$2.7M
median round
in China Sporting Goods startups
21%
lead investors
lead at least one round
39%
Angel
most common funding stage

Access all 47 VC funds in China Sporting Goods startups.

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