AI investors backing startups in China
26 investors hold two or more AI startups in China each, 131 portfolio startups in all. The most active here are Qiming Venture Partners (19), ZhenFund (17) and HongShan (15). 5 of them are accelerators.
Investors backing startups in China
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
 Qiming Venture PartnersVenture capital · China · Zhipu AI, WeRide, StepFun | 19 | 25 | Oct 2026 |
 ZhenFundAngel network · China · Moonshot AI, Momenta, YITU Technology | 17 | 8 | Jul 2026 |
 HongShanVenture capital · China · ByteDance, Alibaba Group, Zhipu AI | 15 | 4 | Jul 2026 |
| LLuminous VenturesVenture capital · ByteDance, Zhipu AI, Laiye | 14 | 12 | Sep 2026 |
| SSinovation VenturesVenture capital · Megvii, Horizon Robotics, WeRide | 14 | 6 | Sep 2026 |
| PPlug and Play ChinaAccelerator · Xmov, Ishumei, UISEE | 13 | 5 | Sep 2026 |
 Linear CapitalVenture capital · China · Horizon Robotics, Power Law, Tophant | 12 | 6 | Oct 2026 |
| YYunqi PartnersVenture capital · MiniMax, DeepRoute.ai, Zhichi Network | 11 | 12 | Oct 2026 |
 Source Code CapitalVenture capital · China · ByteDance, Moonshot AI, Biren Technology | 11 | 9 | Sep 2026 |
| GGlory VenturesVenture capital · DeepRoute.ai, Biren Technology, SiliconFlow | 10 | 10 | Sep 2026 |
| GGaorong VenturesVenture capital · ByteDance, Moonshot AI, Biren Technology | 10 | 8 | Oct 2026 |
| 55Y CapitalVenture capital · ByteDance, SenseTime, Pony.ai | 8 | 1 | Mar 2026 |
 Legend CapitalVenture capital · China · Zhipu AI, iFlytek, Horizon Robotics | 7 | 7 | Oct 2026 |
 CAS StarAccelerator · China · Linkingmed, Zhipu AI, UISEE | 5 | 5 | Oct 2026 |
| VVertex Ventures ChinaVenture capital · China · Horizon Robotics, AgileX Robotics, Unitree Robotics | 5 | 5 | Jul 2026 |
| CCowin CapitalVenture capital · China · MetaX, Tophant, 元琛科技 | 5 | 3 | Oct 2026 |
 CoatueVenture capital · United States · ByteDance, XPeng, ShadowBot | 4 | 34 | Oct 2026 |
| VValueAdd VCVenture capital · Alibaba Group, Moonshot AI, DeepSeek | 4 | 29 | Oct 2026 |
 Silicon Valley InvestclubAccelerator · ByteDance, Moonshot AI, DeepSeek | 3 | 45 | Oct 2026 |
 BlueFive CapitalPrivate equity · United Arab Emirates · Neolix, LimX Dynamics, EngineAI | 3 | 7 | Jul 2026 |
| SShunwei CapitalVenture capital · CloudWalk Technology, Ishumei, XPeng | 3 | 1 | Jan 2026 |
 Y CombinatorAccelerator · United States · JuziBot, Taobotics | 2 | 255 | Oct 2026 |
 Plug and PlayAccelerator · United States · JuziBot, Onesight | 2 | 154 | Nov 2026 |
 TransLink CapitalVenture capital · United States · QCraft, CALTERAH | 2 | 11 | Oct 2026 |
 Lead Edge CapitalPrivate equity · United States · ByteDance, Alibaba Group | 2 | 3 | Aug 2026 |
| JJoy CapitalVenture capital · China · Momenta, MegaRobo | 2 | 1 | Mar 2026 |
The most backed startups in China
| Startup | Investors in this list |
|---|---|
 ByteDance | 8 |
 Moonshot AI | 6 |
 Unitree Robotics | 5 |
 Zhipu AI | 5 |
 Horizon Robotics | 5 |
 Biren Technology | 4 |
 Momenta | 4 |
 UISEE | 4 |
 Alibaba Group | 3 |
 JuziBot | 3 |
 Pony.ai | 3 |
 XtalPi | 3 |
 XPeng | 3 |
 MetaX | 3 |
 DeepSeek | 2 |
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Questions
Who invests in AI startups in China?
26 investors hold two or more AI startups in China each, 131 portfolio startups in all. The most active here are Qiming Venture Partners (19), ZhenFund (17) and HongShan (15). 5 of them are accelerators.
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for China when at least two of its portfolio companies are based there; the list is rebuilt every night from 2,414 portfolios.