Source Code Capital () is a

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

-based

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

firm founded in 2014. The firm invests in companies from various fields such as information technology, biotechnology, retail and manufacturing.

Background

Source Code Capital was founded in 2014 by Yi Cao, a

computer science Computer science is the study of computation, information, and automation. Computer science spans Theoretical computer science, theoretical disciplines (such as algorithms, theory of computation, and information theory) to Applied science, ...

graduate from

Tsinghua University Tsinghua University (THU) is a public university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of China. The university is part of Project 211, Project 985, and the Double First-Class Constructio ...

and a vice president at

Sequoia Capital China HongShan Capital Group (HSG; ) is a Chinese venture capital firm founded in 2005. It was previously the China investment arm of Sequoia Capital (Sequoia) and was known as Sequoia Capital China and Sequoia China before it was rebranded and spun- ...

. Investors of the firm include

pension fund A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides pension, retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the ...

sovereign wealth fund A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as ...

s, college endowments,

charities A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good). The legal definition of a cha ...

and

private equity firm A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...

s. The firm runs a peer and mentor alliance called "Code Class" each year, which consists of over 300 entrepreneurs and investors. Within the community, members can exchange experiences, resources and feedback to one another. Notable members of Code Class include

Zhang Yiming Zhang Yiming ( zh, c=张一鸣; born 1 April 1983) is a Chinese Internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok). Zhang is one of ...

ByteDance ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing, and incorporated in the Cayman Islands. Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing ap ...

and

Wang Xing Wang Xing (; born 18 February 1979) is a Chinese businessman, who co-founded Meituan and has been serving as chief executive officer of Meituan since January 2010. He previously served as chief executive officer of Fanfou from 2007 to 2010. ...

Meituan Meituan ( zh, p=Měituán, c=美团, literally "beautiful group"; formerly Meituan–Dianping, literally "beautiful group–reviews") is a Chinese shopping platform for locally found consumer products and retail services including entertainment ...

. The firm is noted to have invested in some of China's largest startups such as ByteDance, Meituan,

Li Auto Li Auto Inc. () is a Chinese electric car, electric vehicle manufacturer headquartered in Beijing, with manufacturing facilities in Changzhou.https://www.sec.gov/Archives/edgar/data/1791706/000104746920004077/a2241802zf-1.htm Founded by Li Xiang ...

and

Niu Technologies Niu Technologies ( zh, 牛电科技; stylized as NIU) is an electric scooter company headquartered in Beijing, China. Yan Li has been its CEO and COO since December 2017. Niu's products include electric scooters, electric bicycles, e-scooters ...

. In July 2023, Source Code Capital shut down Source Code Yisu, a seed funding programme. It was speculated this was due to factors such as regulatory scrutiny, declining

China–United States relations The relationship between the China, People's Republic of China (PRC) and the United States (US) is one of the most important foreign relations in the world. It has been complex and at times tense since the Proclamation of the People's Republi ...

and slowing economic growth.

Funds

Notable investments

* Guazi.com *

References

External links

* {{authority control Chinese companies established in 2014 Financial services companies established in 2014 Investment management companies of China Venture capital firms of China