山行资本 – HIKE Capital

ABOUT

HIKE Capital

Established in 2015 by Mark Yang, founder of CARS Group and Ganji.com, and Anna Xu, founder of NetEase News APP, HIKE Capital is a leading Founders Fund in China that aims to support entrepreneurs.

HIKE Capital has a team of venture partners that includes many top entrepreneurs who help founders connect with core resources and overcome growth barriers. The firm’s long-term goal is to continually identify entrepreneurs who can drive paradigm shifts in the early stages of their business. HIKE Capital seeks to accompany and assist these entrepreneurs in achieving commercial success in today’s turbulent business landscape. In addition, the firm is committed to moving forward with a group of like-minded partners, united by a shared vision of success.

HIKE Capital currently manages both USD and RMB Funds focusing on investments across transportation/new energy, digitalization of supply chain and tech-empowered industries. To date, HIKE Capital has successfully invested in a number of unicorn companies including Li Auto (NASDAQ:LI, HKEX:2015), RELX (NYSE:RLX), CARS Group, Megatronix, Orienspace, Halara, Yuanbao Insurance, FlashEx, Spark Group, Fenbi (HKEX:2469), Yuanfudao, OnQuality, Xbiome, Artivila, etc.

HIKE aspires to be a technology venture capital firm that can have a real impact on the current generation. We are fully committed to driving innovation and exploring the transformation of companies, actively participating in shaping history. We aim to stand alongside truly great companies and leave a lasting legacy that echoes the values of civilization.

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PARTNER

Partner

Anna XuFounding Partner
Establishing HIKE Capital for us is a dream come true and challenges ahead. We will be there for the new challengers along the way as they grow into top entrepreneurs.
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Mark YangFounding Partner
Starting up a business is a journey of hiking to the tall mountains. HIKE Capital will accompany the new entrepreneurs in their endeavors in reaching to the top.
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King ZhuPartner
Trek and summit, guide and aid.
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Wei BingfangPartner
Significant achievement following long-term accumulation
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PARTNER

Partner

Anna Xu

Founding Partner

Establishing HIKE Capital for us is a dream come true and challenges ahead. We will be there for the new challengers along the way as they grow into top entrepreneurs.

Learn More

Mark Yang

Founding Partner

Starting up a business is a journey of hiking to the tall mountains. HIKE Capital will accompany the new entrepreneurs in their endeavors in reaching to the top.

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King Zhu

Partner

Trek and summit, guide and aid.

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Wei Bingfang

Partner

Significant achievement following long-term accumulation

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Pioneers Spearheading Paradigm Shifts

PORTFOLIO

Portfolio

CARS Group

CARS Group, China’s leading one-stop automotive consumer service platform, has well-known brands such as Guazi Used Cars, providing users with new cars, used cars trading services, auto finance, insurance brokerage and after-sales services such as guarantee, repair and maintenance. The one-stop whole industrial chain services meet all the needs of users in the entire life cycle of automobiles. Based on big data and artificial intelligence technology, CARS Group has built a business ecosystem around the entire industrial chain of automotive consumer services, and is committed to promoting industrial upgrading through technology, improving industrial efficiency and user experience and meeting the growing demand for automotive consumer services from Chinese consumers. It aims to enable every family to have a better car. Up to now, CARS Group has business in more than 200 cities across the country, and has financed more than US$4 billion, ranking first among domestic automobile consumer service platforms. Its main investors include SoftBank Vision Fund, Sequoia Capital China, H CAPITAL, Tencent, Matrix China, DST Global, HIKE Capital, Capital Today, Yunfeng Capital, CMB Telecom New Trend Equity Investment Fund, FountainVest Partners, GIC, ICBC International, IDG Capital, etc.

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Li Auto

Li Auto Inc. (NASDAQ:LI;HKEX:2015) is an innovator in China’s new energy vehicle market.The company designs, develops, manufactures and sells new energy SUV. Through innovative products, technology and business models, the company provides customers with safe, convenient and cost-effective travel solutions. Li Auto is the first to successfully commercialize extended-range new energy vehicles among enterprises in China. Thecompany started volume production of its first model, Li ONE, in November 2019.In the future, the company aims to expand its product line by developing new vehicles to target a broader consumer base.Li Auto Inc. was listed on July 30, 2020 under the stock code NASDAQ:LI. On August 12, 2021, Li Auto, founded in 2015, was listed on the main board of the Hong Kong Stock Exchange under the stock code HKEX: 02015.

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RELX

RELX Technology (NYSE:RLX) is a leading consumer staples company in China. It primary business is the R&D, design and distribution of e-vapor products.

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Halara

Halara is a leading technology-driven cross-border e-commerce brand. The company specializes in athleisure clothing, and hoping to provide customers with comfortable clothing. 现在的想法是现在的想法是

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Yuanbao

Yuanbao, China’s leading technology-driven internet insurance intermediary platform, is committed to providing users with high-quality health insurance products and services and improving the anti-risk ability of Chinese families in all aspects.Yuanbao has a national insurance brokerage license and is associated with China’s well-known insurance companies. Based on big data and AI technology, Yuanbao provides users with personal insurance products and one-stop insurance services that from health management, insurance consulting, intelligent underwriting, convenient insurance to assisting in claims settlement.Since Yuanbao was officially launched in 2020. It has served tens of thousands of families, covered more than 90% of the country’s regions, and has successfully become one of the top Internet health insurance companies.

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Spark

Spark Education Group was founded in December 2017 with the mission to inspire passion for learning, ignite lifelong growh. Founding team members are parents with technology and education backgrounds (e.g. previously at Ganji, Tencent, Microsoft, and TAL (Tomorrow Advancing Life), New Oriental and other well-known global edtech enterprises). Spark Education Group aims to transform the learning experience and educational outcomes for kids around the world. With brands including Huohua Problem Solving, Spark Math and Spark Chinese by VISPARK, Allschool, and Classpod, Spark’s products span small-group real-time classes, self-learning products, and AI-interactive class. With over 590,000 students from over 100 countries and regions, Spark has offices in China, Canada, Vietnam, the United States, and Canada, and has gained recognition from parents and education industry leaders worldwide.

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FlashEx

FlashEx is the pioneer in the field of one-hour instant intra-city delivery service who defines the service standard and service timeliness of one-on-one direct delivery service. FlashEx focuses on providing users with 7*24-hour online one-on-one direct delivery service, which meets various “urgent, busy, lazy and difficult” needs of users. At present, FlashEx has more than 2 million licensed couriers, covering 260 cities across the country and serving more than 100 million users.

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Fenbi

Fenbi Ltd. (“Fenbi”) (HKEX:2469) is a non-formal vocational education and training (“VET”) service provider in China, dedicated to making high-quality non-formal VET services accessible through technology. We have cultivated a comprehensive portfolio of career test preparation products and services that generate significant synergies. Moreover, we have also developed high-quality online tutoring courses in live or pre-recorded format, supplemented by online self-learning materials and toolkits, therefore, to provide a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and a number of professions and industries. We have successfully established “Fenbi”. amid the most recognized brands in China’s career test preparation industry.In January 2023, Fenbi Ltd. HKEX:2469 was successfully listed on the Main Board of the Stock Exchange of Hong Kong.

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DYNAMIC