{"question":"Who invests in AI startups in China?","answer":"26 investors hold two or more AI startups in China each, 131 portfolio startups in all. 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Partners","url":"https://alion.io/company/yunqi-partners","type":"Venture capital","based_in":null,"startups_here":11,"examples":["MiniMax","DeepRoute.ai","Zhichi Network"],"portfolio_rounds_12m":12,"latest_activity":"2026-10-22"},{"name":"Source Code Capital","url":"https://alion.io/company/source-code-capital","type":"Venture capital","based_in":"China","startups_here":11,"examples":["ByteDance","Moonshot AI","Biren Technology"],"portfolio_rounds_12m":9,"latest_activity":"2026-09-11"},{"name":"Glory Ventures","url":"https://alion.io/company/glory-ventures","type":"Venture capital","based_in":null,"startups_here":10,"examples":["DeepRoute.ai","Biren Technology","SiliconFlow"],"portfolio_rounds_12m":10,"latest_activity":"2026-09-21"},{"name":"Gaorong Ventures","url":"https://alion.io/company/gaorong-ventures","type":"Venture capital","based_in":null,"startups_here":10,"examples":["ByteDance","Moonshot AI","Biren Technology"],"portfolio_rounds_12m":8,"latest_activity":"2026-10-19"},{"name":"5Y Capital","url":"https://alion.io/company/5y-capital","type":"Venture capital","based_in":null,"startups_here":8,"examples":["ByteDance","SenseTime","Pony.ai"],"portfolio_rounds_12m":1,"latest_activity":"2026-03-16"},{"name":"Legend Capital","url":"https://alion.io/company/legend-capital","type":"Venture capital","based_in":"China","startups_here":7,"examples":["Zhipu AI","iFlytek","Horizon Robotics"],"portfolio_rounds_12m":7,"latest_activity":"2026-10-12"},{"name":"CAS Star","url":"https://alion.io/company/cas-star","type":"Accelerator","based_in":"China","startups_here":5,"examples":["Linkingmed","Zhipu AI","UISEE"],"portfolio_rounds_12m":5,"latest_activity":"2026-10-12"},{"name":"Vertex Ventures China","url":"https://alion.io/company/vertex-ventures-china","type":"Venture capital","based_in":"China","startups_here":5,"examples":["Horizon Robotics","AgileX Robotics","Unitree 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