China Merchants Venture Capital

China Merchants Capital is a prominent alternative investment and asset management institution based in Shenzhen, China, operating as a key subsidiary of the state-owned China Merchants Group. Established in 2012, it has rapidly grown to become one of China's largest and most diversified investment platforms. The firm manages a vast portfolio across various asset classes, including private equity, venture capital, infrastructure, real estate, and special situations. As of 2023, China Merchants Capital oversees assets under management exceeding RMB 300 billion, equivalent to approximately USD 41 billion, underscoring its significant financial capacity and influence in the Chinese investment landscape.

Within its comprehensive investment strategy, China Merchants Capital dedicates a substantial portion of its resources to venture capital activities, targeting high-growth companies across strategic emerging industries. Its venture arm actively invests in sectors such as advanced manufacturing, information technology (TMT), healthcare, new energy, and consumer technology. The firm leverages the extensive resources and industry network of its parent, China Merchants Group, which spans logistics, finance, real estate, and industrial operations, providing portfolio companies with strategic support beyond capital. This integrated approach allows China Merchants Capital to identify and nurture innovative enterprises that align with national development priorities and the group's broader ecosystem.

China Merchants Capital typically engages in growth-stage venture investments, often participating in Series A, B, and C rounds, and occasionally later stages. While specific first cheque sizes can vary depending on the fund and opportunity, their venture capital arm generally targets initial investments ranging from approximately $5 million to $50 million, reflecting their focus on scaling promising enterprises. The firm has built a robust portfolio of over 200 companies, demonstrating its active participation in China's dynamic innovation economy. Its strategic long-term vision and deep industry expertise position China Merchants Capital as a significant partner for ambitious startups seeking not just funding, but also strategic guidance and market access within China and beyond.