Beijing Qidi Rixin Technology

Zhang Jinsheng (张金生) serves as Director and Manager of Beijing Qidi Rixin Technology. He concurrently acts as Chairman of TusStar, the incubator and accelerator network within Tus-Holdings, and sits on the board of parent entity Tus-Holdings. His dual role linking the incubation pipeline and the investment committee means deal approval authority is concentrated in a single operator with visibility into both venture formation and capital allocation.

Qidi Rixin sources deal flow through the Tus-Holdings incubation network, which operates over 300 science parks and innovation bases globally. Because TusStar and related Tus-Holdings entities house early-stage companies on their physical campuses, Qidi Rixin has visibility into startups at the formation stage before they engage market-based venture capital. This captive-sourcing architecture means deal origination relies less on cold outreach and more on internal referrals from lab directors, park managers, and Tsinghua faculty.

Beijing Qidi Rixin Technology is a subsidiary of Beijing Huaqing Property Management, which in turn is controlled by Tus-Holdings (启迪控股) — the technology commercialization platform spun out of Tsinghua University. Tus-Holdings was originally established to monetize Tsinghua's intellectual property portfolio and incubate academic spinouts, and Qidi Rixin serves as the investment vehicle allocating balance-sheet capital into those ventures. The university does not directly manage the firm, but the affiliation defines its mandate as a technology-transfer investment engine.

The firm targets early-stage rounds including seed and start-up investments, as well as expansion and late-stage venture opportunities. Its early-stage focus aligns with the TusStar incubator pipeline, where it can invest at company formation, while its expansion-stage deployment follows portfolio companies as they scale within Tus-Holdings' science parks or externally. The stage flexibility reflects a balance-sheet approach rather than a closed-end fund mandate.

Qidi Rixin does not publicly disclose negative screens, but its deployment history clusters in hard-tech, advanced manufacturing, healthcare services, enterprise software, and energy transition — fields that align with Tsinghua University's research strengths and Tus-Holdings' science-park tenant composition. Consumer internet, content platforms, and purely speculative financial products do not appear in the known portfolio, consistent with a university-affiliated mandate emphasizing technology commercialization rather than market-arbitrage investing.

Yes. Qidi Rixin has co-invested alongside Zero2IPO Holdings (清科创业) through vehicles such as the Qingke Zhida fund, and alongside Qifu Capital through the Shenzhen Qifu Zhonglian investment entity. The firm's willingness to partner with external managers suggests a hybrid co-investment posture — leading or following market-based VCs rather than exclusively pursuing proprietary solo deals.

The firm is headquartered in Beijing and invests primarily in mainland China, where Tus-Holdings' 300-plus innovation bases are concentrated. Through Tus-Holdings' international science parks in the United Kingdom, Malaysia, and the United States, the entity potentially accesses cross-border deal flow, though publicly verifiable direct investments outside China remain limited. The geographic strategy appears tied to Tus-Holdings' real-asset presence rather than an independent international deployment mandate.