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Beijing Tianhe Lianguan Investment
Founded in Beijing, the firm manages private capital for the family of Chen Yihong, founder of China Trend — the entity behind the Kappa sportswear...
Beijing Tianhe Lianguan Investment
Founded in Beijing, the firm manages private capital for the family of Chen Yihong, founder of China Trend — the entity behind the Kappa sportswear brand's dominant China operations. Miao Pu, holding a 96.67% stake, serves as the primary principal, directing a mandate that blends early-stage technology bets with later-stage growth financings. The family office structure keeps strategic discretion tight, with Chen Yihong's brother Chen Yiyong acting as legal representative across related entities. The investment posture tilts toward Chinese venture and technology expansion, with a strategy covering seed through mezzanine rounds. While specific portfolio holdings remain private, the family's documented co-investment relationships connect them to Jack Ma's orbit — including Yunfeng Capital and Ant Group — suggesting a network-driven sourcing model centered on Chinese tech and consumer crossover. Geographic focus is primarily domestic China, supplemented by select cross-border placements. The firm operates without a public website or LinkedIn presence, consistent with a tightly held single-family office model. Team size and aggregate deployment figures stay undisclosed. Adjacent family assets flesh out the broader capital picture: Beijing residential property, a vacation home in Paris, and curated collections of vintage automobiles — including a 1940 Aston Martin Speed Model Type C and a 1934 Mercedes-Benz 380K Cabriolet — signal total wealth far exceeding any narrow investment-vehicle accounting. Beijing Tianhe Lianguan's structural distinction rests on its hybrid relationship to China Trend. Rather than holding an independent institutional identity, it functions as the family's principal investment receptacle — akin to a holding-company treasury — yet pursues external venture-stage exposure alongside operating-business reinvestment. This architecture, coupled with the Chen family's Kappa-driven capital formation, positions the firm at the intersection of Chinese industrial cash flow and technology venturing.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Beijing
Corporate office
Beijing, China
Principals
Miao Pu
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Beijing Tianhe Lianguan Investment?
Miao Pu, founder and 96.67% majority shareholder, directs the firm's investment activities. She operates alongside her spouse Chen Yihong, who built China Trend — the Kappa China operator — and his brother Chen Yiyong, who serves as legal representative for related family entities. No external CIO or investment committee has been publicly identified.
Where does the underlying wealth come from?
The capital originates from Chen Yihong's establishment and growth of China Trend, the company that secured and scaled the Kappa sportswear brand in the Chinese market. Miao Pu derives her principal stake from this family enterprise, which remains the foundational wealth-generation vehicle.
What investment stages does the firm typically target?
The firm's mandate spans the full venture and growth spectrum — seed, start-up, expansion, late-stage growth, and mezzanine financing — concentrated on Chinese-domiciled companies. This broad stage coverage allows for initial entry at formation and follow-on participation through later private rounds.
Is Beijing Tianhe Lianguan structured as a single family office or does it operate more like a venture firm?
It is structured as a single-family office managing the Chen family's private capital. While its strategy mirrors that of a multi-stage venture investor, the firm does not raise third-party funds or manage external LP capital. Miao Pu's near-total ownership and the absence of marketed fund vehicles confirm a pure family-office architecture.
What is the firm's known posture on co-investments alongside external GPs?
The family has co-invested alongside prominent Chinese GPs and technology figures, with documented relationships to Jack Ma's Yunfeng Capital and Ant Group. This suggests a willingness to deploy capital through syndicated rounds and club-style structures alongside established regional allocators, though the terms and frequency of such co-investments remain undisclosed.
Does the firm maintain philanthropic structures, and how are they separated?
No dedicated philanthropic foundation or charitable vehicle has been publicly associated with Beijing Tianhe Lianguan Investment or its principals. The family's visible assets — including a vintage car collection, Beijing property, and a Paris vacation home — suggest personal-wealth orientation without a formalized giving architecture.
How is the firm related to China Trend and the Kappa brand?
The firm exists as the investment platform for the family behind China Trend, the operating company that holds the Kappa brand license and retail footprint in China. Chen Yihong founded China Trend and remains its driving force, while his spouse Miao Pu stewards the investment vehicle. The relationship is one of wealth origin — the firm manages capital generated by the sportswear business but operates as a legally separate entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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