Gaorong Capital was founded in 2014 as Banyan Capital. The firm changed its name to Gaorong Capital in 2018.
Gaorong Capital is a venture capital firm that focuses on investments in the telecommunication, media and technology sectors. The firm is based in Beijing, China.
Investors of Gaorong Capital include world-class sovereign wealth funds, university endowment funds, family foundations, pension funds and fund of funds, as well as successful entrepreneurs, including founders and managements of Tencent, Alibaba, Baidu, JD, Xiaomi, Focus Media and VIPShop. They will provide with valuable industry resources, entrepreneurial experience, and global perspectives.
By the end of 2017, more than 15 Gaorong portfolio companies have their valuation above USD 1 billion.
Prior to Gaorong, the founding team have led several successful investments including Xiaomi (Series B), Tudou (Nasdaq: TUDO, merged into Youku, nowNYSE: YOKU), 91 Assistant (acquired by Baidu for US$1.9 billion), Sungy (Nasdaq: GOMO), Baofeng (ChiNext.300431), IOBit (HKSE.02371), DealeXtreme (HKSE.08086), Shenzhoufu (HKSE.08255), Linekong (HKSE: 08267), G-bit (SSE.603444), ArcherMind (to be listed on SZSE), Dovo (acquired by OurPalm, ChiNext.300315, for RMB 810 million), Wondershare (to be listed on ChiNext), Dota (one of the most popular game companies) and Yuantiku (leading online education company).