Source Code Capital

Source Code Capital (oc eu"- YuanmCZ ZA"bA'n; ) is a leading Chinese technology venture capital firm headquartered in Beijing, China (offices at Lixinghang Center, Chaoyang District, Beijing), founded in 2014 by Founder and Chairman Yi Cao (Tsinghua University computer-science graduate; former Vice President at Sequoia Capital China [now HongShan] and Ceyuan Ventures). The firm invests across both early and growth stages in Chinese technology companies and operates around three thematic ''Big 3'' drivers: Internet+, AI+, and Global+, spanning finance, media and entertainment, consumer services, enterprise software, retail and e-commerce, transportation and mobility, housing / real-estate tech, education, healthcare, biotechnology, intelligent manufacturing, and robotics. The firm has raised multiple RMB- and USD-denominated funds (USD Fund V at USD 420 million and Growth Fund II at USD 580 million totalling USD 1 billion in 2021; Fund VI / ''Source Code Rhythm'' targeting USD 300 million in 2024 focused on AI applications; five RMB funds with the most recent at CNY 7 billion). The firm launched its Yisu seed strategy in 2022 under Xingchen Zhang. Source Code also runs the distinctive ''Code Class'' annual peer / mentor alliance of 300+ Chinese entrepreneurs and investors (notable members include Zhang Yiming of ByteDance and Wang Xing of Meituan). Aggregate AUM is in the USD low-billions range with 491+ investments, 12 disclosed unicorns, 14 IPOs, and notable portfolio companies including ByteDance / TikTok / Douyin (pre-IPO), Meituan (NYSE: MEIT, now HKEX: 3690), Li Auto (NASDAQ: LI), Ke Holdings / Beike (NYSE: BEKE), Niu Technologies, Relx Technology, XYZ Robotics, and others.