{"question":"Who invests in hardware startups in China?","answer":"14 investors hold two or more hardware startups in China each, 45 portfolio startups in all. The most active here are Cowin Capital (8), Glory Ventures (6) and Fortune Capital (6).","country":"China","sector":"Hardware","investors":14,"portfolio_startups":45,"list":[{"name":"Cowin Capital","url":"https://alion.io/company/cowin-capital","type":"Venture capital","based_in":"China","startups_here":8,"examples":["Montage Technology","MetaX","Wotlon"],"portfolio_rounds_12m":3,"latest_activity":"2026-10-08"},{"name":"Glory Ventures","url":"https://alion.io/company/glory-ventures","type":"Venture capital","based_in":null,"startups_here":6,"examples":["YanRong Tech","NuVolta Technologies (Hefei)","NationalChip"],"portfolio_rounds_12m":10,"latest_activity":"2026-09-21"},{"name":"Fortune Capital","url":"https://alion.io/company/fortune-capital","type":"Venture capital","based_in":"China","startups_here":6,"examples":["BIWIN","Great Power Energy","Talkweb"],"portfolio_rounds_12m":0,"latest_activity":null},{"name":"Legend 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Semiconductor Technology"],"portfolio_rounds_12m":12,"latest_activity":"2026-09-21"},{"name":"HongShan","url":"https://alion.io/company/hongshan","type":"Venture capital","based_in":"China","startups_here":4,"examples":["Horizon Robotics","Jialichuang_PCBdayang_shejidaoliangchanichizhanshidiankozhizaopingtai|PCBxianluban,dianluban","SmartSens"],"portfolio_rounds_12m":4,"latest_activity":"2026-07-29"},{"name":"NEA","url":"https://alion.io/company/nea-3","type":"Venture capital","based_in":"United States","startups_here":3,"examples":["Actions Technology","XSKY","Availink"],"portfolio_rounds_12m":37,"latest_activity":"2026-10-14"},{"name":"Gaorong Ventures","url":"https://alion.io/company/gaorong-ventures","type":"Venture capital","based_in":null,"startups_here":3,"examples":["WeView","Marching Power","NationalChip"],"portfolio_rounds_12m":8,"latest_activity":"2026-10-19"},{"name":"Coatue","url":"https://alion.io/company/coatue","type":"Venture capital","based_in":"United 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Ltd."],"portfolio_rounds_12m":6,"latest_activity":"2026-10-15"}],"html_url":"https://alion.io/startup-investors/china/hardware","json_url":"https://alion.io/startup-investors/china/hardware.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%2Fhardware"},{"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%2Fhardware"}],"meta":{"source":"Alion (alion.io), CC BY-SA 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