{"question":"Who invests in biotech startups in China?","answer":"12 investors hold two or more biotech startups in China each, 39 portfolio startups in all. The most active here are Qiming Venture Partners (12), LAV (6) and Gaorong Ventures (4).","country":"China","sector":"Biotech","investors":12,"portfolio_startups":39,"list":[{"name":"Qiming Venture Partners","url":"https://alion.io/company/qiming-venture-partners","type":"Venture capital","based_in":"China","startups_here":12,"examples":["Abogen Biosciences","Oricell","TandemAI"],"portfolio_rounds_12m":25,"latest_activity":"2026-10-12"},{"name":"LAV","url":"https://alion.io/company/lav-3","type":"Venture capital","based_in":"China","startups_here":6,"examples":["Gracell Biotechnologies Inc.","Zhengxu Shengwu","EdiGene"],"portfolio_rounds_12m":2,"latest_activity":"2026-02-08"},{"name":"Gaorong Ventures","url":"https://alion.io/company/gaorong-ventures","type":"Venture capital","based_in":null,"startups_here":4,"examples":["Giant Biogene","Shuimu Biosciences","Westlake Omics"],"portfolio_rounds_12m":8,"latest_activity":"2026-10-19"},{"name":"HongShan","url":"https://alion.io/company/hongshan","type":"Venture capital","based_in":"China","startups_here":4,"examples":["XtalPi","WuXi AppTec","Bota | Enwakeji"],"portfolio_rounds_12m":4,"latest_activity":"2026-07-29"},{"name":"Cowin Capital","url":"https://alion.io/company/cowin-capital","type":"Venture capital","based_in":"China","startups_here":4,"examples":["Geneseeq","百奥赛图","艾美疫苗"],"portfolio_rounds_12m":3,"latest_activity":"2026-10-08"},{"name":"Fortune Capital","url":"https://alion.io/company/fortune-capital","type":"Venture capital","based_in":"China","startups_here":4,"examples":["Transcenta Holding","Opmbiosciences","Rianlon GmbH"],"portfolio_rounds_12m":0,"latest_activity":null},{"name":"OrbiMed","url":"https://alion.io/company/orbimed","type":"Venture capital","based_in":"United States","startups_here":2,"examples":["Angitia Biopharmaceuticals","TandemAI"],"portfolio_rounds_12m":19,"latest_activity":"2026-10-23"},{"name":"ARCH Venture Partners","url":"https://alion.io/company/arch-venture-partners","type":"Venture capital","based_in":"United States","startups_here":2,"examples":["Qihan Biotech","Transcenta Holding"],"portfolio_rounds_12m":17,"latest_activity":"2026-10-08"},{"name":"Luminous Ventures","url":"https://alion.io/company/luminous-ventures","type":"Venture capital","based_in":null,"startups_here":2,"examples":["Bluepha","Aurora"],"portfolio_rounds_12m":12,"latest_activity":"2026-09-21"},{"name":"Wellington Management","url":"https://alion.io/company/wellington-management","type":"Investor","based_in":"United States","startups_here":2,"examples":["Angitia Biopharmaceuticals","Gracell Biotechnologies Inc."],"portfolio_rounds_12m":10,"latest_activity":"2026-09-30"},{"name":"Eight Roads","url":"https://alion.io/company/eight-roads","type":"Venture capital","based_in":"United Kingdom","startups_here":2,"examples":["药明康德","Bairui Jisheng Wuyi Yao"],"portfolio_rounds_12m":9,"latest_activity":"2026-10-30"},{"name":"5Y Capital","url":"https://alion.io/company/5y-capital","type":"Venture capital","based_in":null,"startups_here":2,"examples":["XtalPi","Abogen Biosciences"],"portfolio_rounds_12m":1,"latest_activity":"2026-03-16"}],"html_url":"https://alion.io/startup-investors/china/biotech","json_url":"https://alion.io/startup-investors/china/biotech.json","offers":[{"id":"company.list","title":"Companies by industry, country, size, technology and hiring","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per company in a list","note":"the whole list with a card per company","call":{"mcp_tool":"search_companies"},"human":"https://alion.io/catalog?offer=company.list&for=startup-investors%2Fchina%2Fbiotech"},{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"any company of the list in depth","call":{"mcp_tool":"get_company"},"human":"https://alion.io/catalog?offer=company.slices&for=startup-investors%2Fchina%2Fbiotech"}],"meta":{"source":"Alion (alion.io), CC BY-SA 4.0","updated_at":"2026-11-06T04:20:30+00:00","built_at":"2026-11-06T04:20:30+00:00","indexable":true,"generated_at":"2026-11-06T20:14:27+00:00","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json"}}