China

Beyond the legendary success stories of Alibaba and Tencent, China has developed into a vibrant, competitive ecosystem of innovative technology startups. That comes as no surprise, given the country’s fast-rising economy and consumer society, vast pool of world-class talent, and quick adoption of new technologies. CompassList China, our first chapter, was born to provide insights and the context of China’s startup and tech scene to the rest of the world. Through unraveling the local cultural, social, economic and business landscapes, we reveal how China’s startup economy has boomed amid the complexities of a giant nation, home to some 1.4 billion people today.

INSIGHTS

DATABASE

Trio.AI’s semantics-based AI interaction system solution enables people to interact with various smart devices or virtual agents using natural language.

Foxconn- and Tencent-backed Mobike is leading the fierce fight for dominance in the global dockless bike-sharing market, with ambitions for more – including logistics services.

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Shi Shenyang

Chief Product Officer and Co-founder of Modoo

In 2008, Shi Shenyang joined Qunar.com and became a founding member of the hotel business unit of the Chinese trip booking website. He worked at Qunar as the company’s hotel product director before joining Modoo as chief product officer and co-founder in 2015.

Xue Shuai

Founder and CEO of Yunjiazheng

A Jack of many trades, Xue Shuai majored in investment at East China Normal University, and pursued postgraduate studies in Chinese painting. He dabbled in selling wine and tourism, before joining Huawei as a project manager in 2001 (the year China entered the WTO), traveling across China and overseas (India, Thailand, Nepal, etc.) for work. Xue quit Huawei in 2008, spent a “gap year” mountaineering, before founding Yunjiazheng.

MORE FOUNDERS

JUE Capital was founded by China’s famous angel investor Wang Gang who invested in quite a few high-profile startups including Didi Chuxing and Ofo. He is also the founding and managing partner of Envision Capital. According to Wang, JUE Capital focuses on the combination of Chinese traditional aesthetic with modern lifestyle.

China Creation Ventures (CCV) was founded in 2017 by Wei Zhou, the former managing partner of KPCB China. Headquartered in Beijing, it invests mainly in early-stage startups in sectors such as finance and TMT. Series A funding accounts for around 70% of total investment. CCV manages USD and RMB funds collectively worth over RMB 3 billion.

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