E-commerce investors backing startups in China
21 investors hold two or more e-commerce startups in China each, 61 portfolio startups in all. The most active here are HongShan (11), Gaorong Ventures (10) and Qiming Venture Partners (9). 3 of them are accelerators.
Investors backing startups in China
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
 HongShanVenture capital · China · Alibaba Group, JD.com, Meituan | 11 | 4 | Jul 2026 |
| GGaorong VenturesVenture capital · Meituan, Pinduoduo, Xiaohongshu | 10 | 8 | Oct 2026 |
 Qiming Venture PartnersVenture capital · China · Meituan, Roborock, Tungee | 9 | 25 | Oct 2026 |
| CCowin CapitalVenture capital · China · Guodiangaoke, Venus Medtech, 艾美疫苗 | 8 | 3 | Oct 2026 |
| LLuminous VenturesVenture capital · Meituan, Pinduoduo, BMSER Technology | 6 | 12 | Sep 2026 |
| SShunwei CapitalVenture capital · Roborock, Yaoshibang, 开思汽配 | 4 | 1 | Jan 2026 |
 Source Code CapitalVenture capital · China · Meituan, Zhcnkj, Yinhehangtian | 3 | 9 | Sep 2026 |
 Legend CapitalVenture capital · China · ZKH Group, Tuhu, Yinhehangtian | 3 | 7 | Oct 2026 |
 CAS StarAccelerator · China · 2019Copyright All Rights Reserved Beijing Tasson Technology Ltd, Nakakeweizhen CASMN, Commsat | 3 | 5 | Oct 2026 |
| PPlug and Play ChinaAccelerator · Kivisense, XPOWER, 伏特猫 | 3 | 5 | Sep 2026 |
 Fortune CapitalVenture capital · China · Biostar Pharma, Inc., Opmbiosciences, Mentech | 3 | – | – |
 Insight PartnersVenture capital · United States · Alibaba Group, JD.com | 2 | 82 | Nov 2026 |
 500 GlobalAccelerator · United States · BoxC, Alluva | 2 | 35 | Oct 2026 |
 CoatueVenture capital · United States · Meituan, Kujiale | 2 | 35 | Nov 2026 |
| YYunqi PartnersVenture capital · Zhijing Technology, 仁烁光能 | 2 | 12 | Oct 2026 |
| GGlory VenturesVenture capital · 鸿鹄未来能源, 大漠大 | 2 | 10 | Sep 2026 |
 Eight RoadsVenture capital · United Kingdom · Alibaba Group, DeltaHealth | 2 | 9 | Oct 2026 |
 ZhenFundAngel network · China · Xiaohongshu, Xsyxsc | 2 | 8 | Jul 2026 |
 Linear CapitalVenture capital · China · GuanData, WEIBUILD | 2 | 6 | Oct 2026 |
| VVertex Ventures ChinaVenture capital · China · Doudou.fun, Ensonic | 2 | 5 | Jul 2026 |
| 55Y CapitalVenture capital · Kuaishou, HONG KONG DEEPEXI TECHNOLOGY LIMITED | 2 | 1 | Mar 2026 |
The most backed startups in China
| Startup | Investors in this list |
|---|---|
 Meituan | 6 |
 Alibaba Group | 3 |
 Pinduoduo | 3 |
 Xiaohongshu | 3 |
 Tuhu | 3 |
 Venus Medtech | 3 |
 Roborock | 3 |
 JD.com | 2 |
 Kuaishou | 2 |
 Yinhehangtian | 2 |
 BMSER Technology | 2 |
 鸿鹄未来能源 | 2 |
By country
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Questions
Who invests in e-commerce startups in China?
21 investors hold two or more e-commerce startups in China each, 61 portfolio startups in all. The most active here are HongShan (11), Gaorong Ventures (10) and Qiming Venture Partners (9). 3 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 2,417 portfolios.