CGC is an early stage venture capital firm in Beijing, China that focuses on companies with enterprise, technology and marketplace opportunities. Founded in 2006 by Haiyan Wu and Ning Tang, it invests in seed, early stage ventures and other ventures. It has $1B under its management.
This company invests in seed to Series B, and it typically invests $1M to 5M, with a hard cap ceiling at $15M per company. Since its start, it has managed 8 Billion RMB (approximately 1.2 Billion USD) in assets through its different RMB and USD funds. Notable portfolio companies include SMZDM (SZEx: 300785), MissFresh, Xiachufang, Wish, Tongdun, Quant Group, Tiger Brokers (NASDAQ: TIGR), BeyondHost (part of HKEx: 03690), 2Dfire, DeePhi (part of NASDAQ: XLNX) AIBee, EasyLinkin and Landspace etc.