BAI Capital is a leading venture capital fund in China. Since 2008, the team at BAI Capital has invested in more than 200 portfolios, including over 17 IPOs and 40 unicorns. The investor base for BAI Capital includes institutional ones the likes of sovereign wealth funds, large insurance companies, internet giants and fund of funds globally - including Bertelsmann. BAI Capital comes from Bertelsmann Asia Investments - a part of the Bertelsmann Group. Bertelsmann is a media, services and education corporation that operates in about 50 countries and has 130,000 employees around the world.

Established in 2014, GaoRong Capital is one of the most active venture capital firms in China. Initially positioned as China’s Founders’ Fund, GaoRong Capital has attracted wide top-tier institutional interest from sovereign funds, pension funds, university endowments, and family offices. Invited contributors include opinion leaders, featuring founders and key executives from internet giants the likes of Tencent, Baidu, Alibaba’s Taobao, Xiaomi, Meituan, and Focus Media. Over 10 companies that GaoRong has invested in or acquired have successfully completed initial public offerings (IPOs), with over 20 companies attaining a valuation exceeding $1 billion. Many of these have gone on to become leaders in their respective industries, including Pinduoduo (PDD), Meituan, Genki Forest, and Xtransfer.