{"question":"Who invests in e-commerce startups in China?","answer":"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.","country":"China","sector":"E-commerce","investors":21,"portfolio_startups":61,"list":[{"name":"HongShan","url":"https://alion.io/company/hongshan","type":"Venture capital","based_in":"China","startups_here":11,"examples":["Alibaba Group","JD.com","Meituan"],"portfolio_rounds_12m":4,"latest_activity":"2026-07-29"},{"name":"Gaorong Ventures","url":"https://alion.io/company/gaorong-ventures","type":"Venture capital","based_in":null,"startups_here":10,"examples":["Meituan","Pinduoduo","Xiaohongshu"],"portfolio_rounds_12m":8,"latest_activity":"2026-10-19"},{"name":"Qiming Venture Partners","url":"https://alion.io/company/qiming-venture-partners","type":"Venture capital","based_in":"China","startups_here":9,"examples":["Meituan","Roborock","Tungee"],"portfolio_rounds_12m":25,"latest_activity":"2026-10-12"},{"name":"Cowin Capital","url":"https://alion.io/company/cowin-capital","type":"Venture capital","based_in":"China","startups_here":8,"examples":["Guodiangaoke","Venus Medtech","艾美疫苗"],"portfolio_rounds_12m":3,"latest_activity":"2026-10-08"},{"name":"Luminous Ventures","url":"https://alion.io/company/luminous-ventures","type":"Venture capital","based_in":null,"startups_here":6,"examples":["Meituan","Pinduoduo","BMSER Technology"],"portfolio_rounds_12m":12,"latest_activity":"2026-09-21"},{"name":"Shunwei Capital","url":"https://alion.io/company/shunwei-capital","type":"Venture capital","based_in":null,"startups_here":4,"examples":["Roborock","Yaoshibang","开思汽配"],"portfolio_rounds_12m":1,"latest_activity":"2026-01-05"},{"name":"Source Code Capital","url":"https://alion.io/company/source-code-capital","type":"Venture capital","based_in":"China","startups_here":3,"examples":["Meituan","Zhcnkj","Yinhehangtian"],"portfolio_rounds_12m":9,"latest_activity":"2026-09-11"},{"name":"Legend Capital","url":"https://alion.io/company/legend-capital","type":"Venture capital","based_in":"China","startups_here":3,"examples":["ZKH Group","Tuhu","Yinhehangtian"],"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":3,"examples":["2019Copyright All Rights Reserved Beijing Tasson Technology Ltd","Nakakeweizhen CASMN","Commsat"],"portfolio_rounds_12m":5,"latest_activity":"2026-10-12"},{"name":"Plug and Play China","url":"https://alion.io/company/plug-and-play-china","type":"Accelerator","based_in":null,"startups_here":3,"examples":["Kivisense","XPOWER","伏特猫"],"portfolio_rounds_12m":5,"latest_activity":"2026-09-23"},{"name":"Fortune Capital","url":"https://alion.io/company/fortune-capital","type":"Venture capital","based_in":"China","startups_here":3,"examples":["Biostar Pharma, Inc.","Opmbiosciences","Mentech"],"portfolio_rounds_12m":0,"latest_activity":null},{"name":"Insight Partners","url":"https://alion.io/company/insight-partners","type":"Venture capital","based_in":"United States","startups_here":2,"examples":["Alibaba Group","JD.com"],"portfolio_rounds_12m":82,"latest_activity":"2026-11-07"},{"name":"500 Global","url":"https://alion.io/company/500-global","type":"Accelerator","based_in":"United States","startups_here":2,"examples":["BoxC","Alluva"],"portfolio_rounds_12m":35,"latest_activity":"2026-10-21"},{"name":"Coatue","url":"https://alion.io/company/coatue","type":"Venture capital","based_in":"United States","startups_here":2,"examples":["Meituan","Kujiale"],"portfolio_rounds_12m":35,"latest_activity":"2026-11-07"},{"name":"Yunqi Partners","url":"https://alion.io/company/yunqi-partners","type":"Venture capital","based_in":null,"startups_here":2,"examples":["Zhijing Technology","仁烁光能"],"portfolio_rounds_12m":12,"latest_activity":"2026-10-22"},{"name":"Glory Ventures","url":"https://alion.io/company/glory-ventures","type":"Venture capital","based_in":null,"startups_here":2,"examples":["鸿鹄未来能源","大漠大"],"portfolio_rounds_12m":10,"latest_activity":"2026-09-21"},{"name":"Eight Roads","url":"https://alion.io/company/eight-roads","type":"Venture capital","based_in":"United Kingdom","startups_here":2,"examples":["Alibaba Group","DeltaHealth"],"portfolio_rounds_12m":9,"latest_activity":"2026-10-30"},{"name":"ZhenFund","url":"https://alion.io/company/zhenfund","type":"Angel network","based_in":"China","startups_here":2,"examples":["Xiaohongshu","Xsyxsc"],"portfolio_rounds_12m":8,"latest_activity":"2026-07-29"},{"name":"Linear Capital","url":"https://alion.io/company/linear-capital","type":"Venture capital","based_in":"China","startups_here":2,"examples":["GuanData","WEIBUILD"],"portfolio_rounds_12m":6,"latest_activity":"2026-10-08"},{"name":"Vertex Ventures China","url":"https://alion.io/company/vertex-ventures-china","type":"Venture capital","based_in":"China","startups_here":2,"examples":["Doudou.fun","Ensonic"],"portfolio_rounds_12m":5,"latest_activity":"2026-07-06"},{"name":"5Y Capital","url":"https://alion.io/company/5y-capital","type":"Venture capital","based_in":null,"startups_here":2,"examples":["Kuaishou","HONG KONG DEEPEXI TECHNOLOGY LIMITED"],"portfolio_rounds_12m":1,"latest_activity":"2026-03-16"}],"html_url":"https://alion.io/startup-investors/china/ecommerce","json_url":"https://alion.io/startup-investors/china/ecommerce.json","offers":[{"id":"company.list","title":"Companies by industry, country, size, technology and hiring","status":"live","price":{"credits":0.1,"usd":0.01},"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%2Fecommerce"},{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.1,"usd":0.01,"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%2Fecommerce"}],"meta":{"source":"Alion (alion.io), CC BY-SA 4.0","updated_at":"2026-11-09T05:28:55+00:00","built_at":"2026-11-09T05:28:55+00:00","indexable":true,"generated_at":"2026-11-09T16:25:22+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"}}