{"question":"Who invests in internet startups in China?","answer":"10 investors hold two or more internet startups in China each, 18 portfolio startups in all. The most active here are Qiming Venture Partners (7), 5Y Capital (6) and HongShan (5). 1 of them are accelerators.","country":"China","sector":"Internet","investors":10,"portfolio_startups":18,"list":[{"name":"Qiming Venture Partners","url":"https://alion.io/company/qiming-venture-partners","type":"Venture capital","based_in":"China","startups_here":7,"examples":["Meituan","Weibo Corporation","Zhihu"],"portfolio_rounds_12m":25,"latest_activity":"2026-10-12"},{"name":"5Y Capital","url":"https://alion.io/company/5y-capital","type":"Venture capital","based_in":null,"startups_here":6,"examples":["ByteDance","Kuaishou","Lizhi"],"portfolio_rounds_12m":1,"latest_activity":"2026-03-16"},{"name":"HongShan","url":"https://alion.io/company/hongshan","type":"Venture capital","based_in":"China","startups_here":5,"examples":["ByteDance","Meituan","Kuaishou"],"portfolio_rounds_12m":4,"latest_activity":"2026-07-29"},{"name":"Coatue","url":"https://alion.io/company/coatue","type":"Venture capital","based_in":"United States","startups_here":4,"examples":["ByteDance","Meituan","Zuiyou"],"portfolio_rounds_12m":35,"latest_activity":"2026-11-07"},{"name":"Luminous Ventures","url":"https://alion.io/company/luminous-ventures","type":"Venture capital","based_in":null,"startups_here":3,"examples":["ByteDance","Meituan","Xylink"],"portfolio_rounds_12m":12,"latest_activity":"2026-09-21"},{"name":"Gaorong Ventures","url":"https://alion.io/company/gaorong-ventures","type":"Venture capital","based_in":null,"startups_here":3,"examples":["ByteDance","Meituan","Xiaohongshu"],"portfolio_rounds_12m":8,"latest_activity":"2026-10-19"},{"name":"Silicon Valley Investclub","url":"https://alion.io/company/silicon-valley-investclub","type":"Accelerator","based_in":null,"startups_here":2,"examples":["ByteDance","Xiaohongshu"],"portfolio_rounds_12m":47,"latest_activity":"2026-11-07"},{"name":"NEA","url":"https://alion.io/company/nea-3","type":"Venture capital","based_in":"United States","startups_here":2,"examples":["ByteDance","XSKY"],"portfolio_rounds_12m":37,"latest_activity":"2026-10-14"},{"name":"Source Code Capital","url":"https://alion.io/company/source-code-capital","type":"Venture capital","based_in":"China","startups_here":2,"examples":["ByteDance","Meituan"],"portfolio_rounds_12m":9,"latest_activity":"2026-09-11"},{"name":"ZhenFund","url":"https://alion.io/company/zhenfund","type":"Angel network","based_in":"China","startups_here":2,"examples":["Xiaohongshu","Xylink"],"portfolio_rounds_12m":8,"latest_activity":"2026-07-29"}],"html_url":"https://alion.io/startup-investors/china/internet","json_url":"https://alion.io/startup-investors/china/internet.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%2Finternet"},{"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%2Finternet"}],"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":"2026-11-09T07:49:44+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"}}