华创资本China Growth Capital Beijing Venture Capital Firm

About Us

China Growth Capital (CGC) is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in fintech, enterprise tech and Internet consumer sectors. The typical investment size ranges from $1M to 5M with a hard cap ceiling at $15M per company.

Since its founding in 2006, China Growth Capital has grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds. The firm provides tremendous support to help its 229 portfolio companies (as of 2017) to develop business models and build exceptional teams. China Growth Capital is also one of the very few early-stage institutions in China with a well-known large seed program.

Notable portfolio includes SMZDM(300785.SZ), Missfresh, Xiachufang, Wish, Tongdun, QuantGroup, Tongbanjie, Tiger Brokers(NASDAQ: TIGR) BeyondHost, 2Dfire, PingCAP, DeePhi Tech, Aibee, Easylinkin, Landspace etc.

Investment Philosophy

China Growth Capital pioneered fintech and enterprise innovations in China since founding in 2006.

We seeded the earliest portfolio of fintech companies in China's financial service industry, way before the concept of "Internet finance" was created and such names include TBJ (robo-advisor), Tongdun (big data risk management), Quant Group (consumer credit), CashBUS (micro credit), ZLW (trading automation), iQunxing (dynamic factoring) etc.

We also ventured into vertical SaaS sectors of hospitality, beauty, travel and supply chain management etc. 18 - 24 months before such verticals became notable investment thesis among peers.

We believe in vision-based investment thesis. As an early stage investor, we also think it is essential to stay atop the rising trends while recognizing major industry shift patterns.

In retrospect, China Growth Capital has taken a very focused research-driven approach through the years, to generate its investment hypothesis by deep diving into industry frontiers, instead of chasing hype on the media. Haiyan Wu, Managing Partner of the firm, once quoted this approach as "entrepreneurial investing" which perfectly matches our daily practice.

"Roll up the sleeves" and "stay entrepreneurial" have always been the keywords in our culture.

Management Team

  • Haiyan Wu

    Haiyan Wu

    Managing Partner


    Haiyan Wu is responsible for overall investment business and fund management. And she leads the investment in the financial service, enterprise software and services sectors.

    Haiyan has been with China Growth Capital since its establishment. In 2008-2009, Haiyan spent two years of her career in DHgate. She was the Assistant to CEO and directly responsible for two business divisions.


    Haiyan led a few key investments, including Tongdun, Tongbanjie, QuantGroup, Tiger Brokers(NASDAQ: TIGR), 2dfire, PingCAP, 7ages, SMZDM(300785.SZ), Magmode, ONE, Xiachufang, etc.

    Haiyan graduated with a bachelor degree in Engineering Physics from Tsinghua University.


  • Wayne Shiong

    Wayne Shiong

    Partner

    Wayne Shiong is responsible for investments in frontier technology area, as well as investments in Silicon Valley.
    Wayne Shiong is a Partner at China Growth Capital, a Beijing-based early stage technology investor founded in 2006. Wayne leads frontier technologies sector at the firm with investments like WeRide (a.k.a JingChi), DeePhi (sold to NASDAQ: XLNX), Mech Mind, HealthBio, Sobot, Landscape Aerospace etc.

    He was a Partner at Bertelsmann Asia Investments (BAI) having led investments in iClick (NASDAQ: ICLK), Mogujie (NYSE: MOGU), Douban and domob (sold to BlueFocus SZSE 300058) etc. Prior to BAI, Wayne was a Partner with WI Harper Group, a cross border early stage investor in technology and healthcare where he worked on Maxthon, Go Mobile (NASDAQ: GOMO), Mapbar (sold to NASDAQ: RENN), ChIVD (sold to Actis), Edan Instrument (Shenzhen Stock Exchange: 300206) and Innovation Works.

    Wayne started his investment career as Consultant to Piper Jaffray's Internet equity research team. Prior to Piper Jaffray, he co-founded a Bluetooth start-up and headed business development. Wayne grew up in Beijing with a B.A. in Economics from Peking University.

  • Daoping Wang

    Daoping Wang

    Partner


    Daoping Wang is responsible for investments in mobile internet, E-commerce, internet consumption, B2B areas.


    Daoping led a few key investments, including 6renyou, Klook, EZbuy, Lianshang, DFS168, etc. Before joining China Growth Capital, Daoping was Sr. Associate with Wiharper group, responsible for TMT investments, also, Daoping joined SVB Capital China fund in 2008. Before that, Daoping was Sr. engineer in SMIC.


    Daoping graduated with a bachelor degree in Physics from Nanjing University and MBA from Cheung Kong Graduate Scholl of Business.

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