We are a builder-led venture fund spanning China's Greater Bay Area and America's Bay Area. We are investors — but we have also built companies and shipped products ourselves. So we would rather stand shoulder to shoulder with founders as partners: bringing our networks, experience and resources, and building alongside them.
AI and agents are opening the greatest opportunity of our generation. The way people and machines interact is shifting too — from people learning to operate machines, toward machines learning to understand human intent.
Beyond the smartphone, more and more hardware — closer to how people naturally behave and to real-world scenarios — will come into everyday life. The two Bay Areas of China and the US hold the world's most advanced and irreplaceable software creativity and hardware manufacturing; the real value lies in connecting the two.
At the intersection of software and hardware, we find the teams and products that make the most sense — and help them accelerate the day when people, agents and intelligent devices truly work together.
The resources our companies can put to work.