
Shunwei Capital has a diverse portfolio that includes investments in various sectors such as e-commerce, fintech, and healthcare.
Their investments in e-commerce have been quite successful, with companies like Pinduoduo and Xiaohongshu experiencing rapid growth.
Shunwei Capital has also made significant investments in fintech, with companies like WeLab and Lufax experiencing notable success.
Their focus on healthcare has led to investments in companies like iCarbonX and WeDoctor, which are making a significant impact in the industry.
Shunwei Capital's investment focus is on companies that have the potential to drive technological innovation and achieve rapid growth.
Check this out: Growth Capital
About Shunwei Capital
Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh, two experienced investors with a strong track record in technology investments.
Lei Jun was previously the CEO of Kingsoft until 2007 and also founded Xiaomi in 2010. Koh, a Singaporean, worked in China for GIC and C.V. Starr Investment Advisors, dealing with technology investments.
The firm's name comes from a Chinese idiom "順勢而為", which means "to leverage a trend to achieve greatness".
Shunwei Capital provides growth capital to internet and technology companies, mainly in China, but also in countries like India and Indonesia.
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Investments and Portfolio

Shunwei Capital has a diverse portfolio of investments across various sectors. The fund has a strong focus on consumer, high tech, and enterprise applications, with 91, 79, and 57 investments respectively.
In terms of company stage, Shunwei Capital generally invests in Series A, Seed, and Series B rounds, with 128, 71, and 70 investments respectively. The fund has also acquired several companies, including Upwards, Kanzhun, and Sim Sim, with acquisition dates ranging from 2022 to 2023.
The fund's typical investment size is between $10M to $50M, and they usually invest in rounds with 3-4 partakers. Shunwei Capital has a strong track record of exits, with 19 percentage points more exits than other companies, and a notable increase in exits in 2018.
Expand your knowledge: Penghua Fund Management
Partners Investments
Shunwei Capital Partners has made 657 investments, with their latest investment being in Infimind as part of their Series B on November 13, 2023.
The company focuses on Chinese Internet-related industries, including mobile Internet, e-commerce, social networking platforms, and high-quality early-stage and growth-stage start-up companies.

Shunwei Capital has co-invested with 1436 other investors in their portfolio companies over the past 13 years. These co-investors include Xiaomi, which has invested in 51 companies alongside Shunwei Capital.
Some notable deals include a $77M investment in a Cloud Computing company, a $30M investment in an Internet Software company, and a $20M investment in a Biotechnology company.
Here are some of the notable co-investors of Shunwei Capital:
Shunwei Capital has also co-invested with other notable investors such as Zhen Fund, Matrix Partners China, and Northern Light Venture Capital.
Areas of Investment
Shunwei Capital invests in a variety of sectors, with a strong focus on the Chinese market. The fund has invested in 91 consumer-related startups, 79 high-tech companies, and 57 enterprise applications.
Here are some of the specific areas where Shunwei Capital invests:
- Internet
- Manufacturing
- E-Commerce
- Software
- Information Technology
The fund has a preference for investing in startups with experienced founders, and those with a strong track record of success. In fact, if a startup has 4 or more founders, it's less likely to receive funding from Shunwei Capital.
If this caught your attention, see: Nova Founders Capital
Geographic Investment

Geographic investment is a strategy that involves allocating assets to different regions of the world to diversify a portfolio. This approach can help reduce risk and increase potential returns.
Investing in emerging markets, such as those in Asia and Latin America, can provide higher growth prospects compared to developed markets. However, these investments often come with higher risks.
Investors can also consider investing in real estate, which can provide a tangible asset and potentially higher returns than traditional stocks and bonds. Real estate investments can also provide rental income.
Investing in the local currency can be beneficial for long-term investments in emerging markets. This can help hedge against currency fluctuations and reduce potential losses.
Investors should consider their investment goals, risk tolerance, and time horizon before making any geographic investment decisions. It's also essential to conduct thorough research and consider consulting with a financial advisor.
Consider reading: Real Estate Asset Management Companies
Companies in Portfolio
Shunwei Capital's portfolio includes a diverse range of companies.

Upwards, an example of a company in Shunwei Capital's portfolio, was first invested in back in August 2018 with a Series A round of $5M.
Kanzhun is another notable company in the portfolio, with Shunwei Capital investing in June 2022.
The first round of investment in Sim Sim was $6.05M, which was part of a Series A round in November 2019.
Mech Mocha and Truebil are also part of the portfolio, with Shunwei Capital investing in November 2020 and August 2020, respectively.
Here's a list of some of the companies in Shunwei Capital's portfolio, including their acquisition dates and first round of investment:
Partners and Team
Shunwei Capital has a strong and experienced team that has worked together to achieve great success.
The team's expertise spans across various fields, including venture capital, private equity, and technology.
Led by Kunlun Wu, the firm has a collaborative and innovative approach to investing.
Partners and Team
Shunwei Capital Partners has a strong focus on investing in Chinese Internet-related industries, including mobile Internet, e-commerce, and social networking platforms.
Their investment strategy primarily targets high-quality early-stage and growth-stage start-up companies.
Shunwei Capital Partners has made 657 investments to date, with their latest investment being in Infimind as part of their Series B on November 13, 2023.
Additional reading: True North Venture Partners
Partners Fund History

Shunwei Capital Partners has a rich history of managing funds, with a total of 9 funds under its belt.
One of the notable funds is the Shunwei China Internet Fund IV, which closed on November 2, 2018, with a massive amount of $1,210M.
The fund's type is Early-Stage Venture Capital, indicating that it focuses on investing in startups and early-stage companies.
Here's a breakdown of Shunwei Capital Partners' 9 funds:
The fund managers behind these investments are highly experienced, with Tuck Lye Koh, the Chief Executive Officer and Founding Partner, having a strong work history in the industry.
4 Team Members
Let's take a look at the team behind Shunwei Capital Partners. They have 4 team members, and one of them is Tuck Lye Koh, who is the Chief Executive Officer and Founding Partner.
Tuck Lye Koh has a pretty impressive work history, having worked at companies like Starr Insurance Companies, GIC, American International Group, and Deutsche Bank.
Here are the team members:
Partner Identity

Lee Hsien Yang is the Chairman of Temasek Holdings.
The Partner of 顺为资本 Shunwei Capital is 李威 Wei Li.
Goh Choon Phong is the CEO of Singapore Airlines.
Investment Details
Shunwei Capital is a leading venture capital firm with a strong focus on investing in innovative startups.
The firm was founded by Kai-Fu Lee in 2011, after he left Google.
Shunwei Capital has invested in over 200 companies across various sectors, including technology, healthcare, and education.
One notable investment is in the Chinese ride-hailing company Didi Chuxing, which has become a leader in the industry.
The firm's investment strategy is focused on identifying and supporting entrepreneurs with game-changing ideas.
9 Fund Histories
Shunwei Capital Partners has a total of 9 funds, including the Shunwei China Internet Fund IV, which was closed on November 2, 2018, with an amount of $1,210M.
The Shunwei China Internet Fund IV is an early-stage venture capital fund, indicating that it invests in startups and early-stage companies.
On a similar theme: China Integrated Circuit Industry Investment Fund

Shunwei Capital Partners has a diverse range of funds, with different types and amounts.
Here's a breakdown of the 9 funds:
The funds have different amounts, with some being closed and others still active.
Which Stage Does Generally Invest In?
Shunwei Capital generally invests in Series A, with a total of 128 investments. This suggests that the company tends to get involved early on in a startup's growth.
The majority of their investments are in Series A, making up a significant portion of their overall portfolio. This indicates a preference for investing in companies that have already shown some traction.
Here's a breakdown of the different stages where Shunwei Capital invests:
Angel investments and Series C investments trail behind, with 17 and 27 investments respectively.
Public Companies and Exits
Shunwei Capital has a notable track record of successful IPOs and public companies in its portfolio.
In fact, the company Beijing Tongcheng Bing Technology went public on October 4, 2024, after Shunwei Capital first invested in it on June 4, 2017.

Beijing Tongcheng Bing Technology's IPO was a significant milestone, with a first round of investment of $50 million in Series C.
XtalPi, another notable company in Shunwei Capital's portfolio, went public on June 13, 2024, after receiving a massive $319 million in Series C funding on September 28, 2020.
Pharmacist Bang's IPO on June 28, 2023, was also notable, with a first round of investment of $63.4 million in Series C.
BOSS went public on December 22, 2022, after Shunwei Capital first invested in it on September 23, 2016, with a first round of investment of $28 million in Series C.
8HSleep, on the other hand, took a different path, receiving a seed investment of $1.5 million on April 20, 2015, before going public on August 12, 2022.
Here are the IPO dates for Shunwei Capital's portfolio companies:
Company Information
Shunwei Capital has invested in a variety of companies, with the first investment made in Upwards on August 3, 2018.

The portfolio includes companies like Kanzhun, which was acquired on June 20, 2022, and had its first investment on January 23, 2014.
Shunwei Capital has also invested in Sim Sim, which received $6.05 million in its Series A round on November 14, 2019.
Mech Mocha and Truebil are two other notable investments, with Mech Mocha receiving $5 million in its Series A round on April 26, 2017, and Truebil receiving $3.05 million in its Series A round on February 10, 2017.
Here are some key details about Shunwei Capital's investments:
Financial and Operational
Shunwei Capital's annual revenue was $5 million in 2025, providing a clear picture of the company's financial performance.
The company's revenue figures give insight into its operational capabilities and investment strategies.
Shunwei Capital's revenue of $5 million in 2025 suggests a relatively modest scale of operations, which may be a deliberate choice to focus on select investments rather than widespread diversification.
This financial data can be useful for investors and partners looking to understand the company's potential for growth and returns on investment.
The company's revenue remains steady at $5 million in 2025, indicating a stable financial foundation that can support its investment activities.
Additional reading: Financial Capital
Employees and Structure

Shunwei Capital has a relatively small team of 53 people.
The company's structure is reflected in its SIC codes, which are 62 and 628.
These codes suggest that Shunwei Capital is involved in financial activities, such as investment and venture capital.
How Many People Are Employed?
In this section, we'll take a closer look at the number of people employed at various companies. Specifically, we'll examine how many people are employed at 顺为资本 Shunwei Capital. 53 people are employed at 顺为资本 Shunwei Capital.
Top Employees
Having the right employees is crucial to a company's success. They are often the backbone of the organization and can make or break its progress.
According to the article, employees with high levels of job satisfaction are more productive and have better attendance records. This is evident in the example of XYZ Corporation, where employees who felt valued and appreciated showed a 25% increase in productivity.
A well-structured team can also lead to increased employee motivation. This is seen in the example of ABC Inc., where employees were divided into smaller teams to work on specific projects, resulting in a 30% increase in employee engagement.
Clear communication is key to a successful team. Regular team meetings and open feedback can help prevent misunderstandings and ensure everyone is on the same page.
Frequently Asked Questions
How big is Shunwei Capital fund?
Shunwei Capital manages over US$3 billion in funds under management, making it a significant player in the investment industry. This substantial fund size attracts top-tier investors from around the world.
Who is the CEO of Shunwei Capital?
Tuck Lye Koh is the CEO of Shunwei Capital, also serving as Founding Partner. He co-founded the company and holds multiple leadership roles.
Sources
- https://en.wikipedia.org/wiki/Shunwei_Capital
- https://www.cbinsights.com/investor/shunwei-fund
- https://tracxn.com/d/venture-capital/shunwei-capital/__CtQuotVQOidLNBu0d0TydOU6qkir26JEA1xKWneGslY
- https://unicorn-nest.com/funds/shunwei-capital/
- https://rocketreach.co/shun-wei-zi-ben-shunwei-capital-profile_b5a399eef605ff56
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