Zhencheng Capital

Zhencheng Capital is a China-focused venture capital firm backing early and early-growth TMT companies, with investment activity from seed through Series B/later-stage venture rounds. It focuses on advanced technology, AI, intelligent hardware, robotics, enterprise software/SaaS, fintech, media/content and selected climate-related opportunities. Typical checks are RMB 10M-75M, with larger investments possible through LP co-investment SPVs. The firm has led investments, with portfolio examples including EHang, Tiger Brokers, Huami, SAI.TECH and Segway-Ninebot.