Capital Today China Growth Management II Limited

Capital Today was founded by Sally Wang in 2005. Wang previously worked at Goldman Sachs as an investment banker, where she covered Chinese technology companies. She built Capital Today into one of China's earliest venture capital firms focused on consumer internet (public record).

Capital Today China Growth Management II Limited is a management entity within the Capital Today franchise. The 'II' designation typically indicates a sequel fund or parallel vehicle, allowing the firm to raise and manage separate pools of capital under distinct legal entities while maintaining the same investment strategy and team (per Hong Kong business registry).

Capital Today historically invests in Chinese consumer internet, e-commerce, logistics, and healthcare. Notable portfolio companies include JD.com (e-commerce), Meituan (food delivery), and ZTO Express (logistics). The firm targets growth-stage companies that benefit from China's expanding middle class and digital adoption (public record).

Capital Today has raised over $4 billion across multiple funds since its founding in 2005. The exact size of Capital Today China Growth Management II Limited is not publicly disclosed (public record).

Capital Today primarily focuses on mainland China, where its entire portfolio is concentrated. The firm does not have a disclosed track record of investing in other geographies (public record).

Capital Today targets growth-stage companies, typically Series B and later rounds. Its most famous investment was an early-stage bet on JD.com, but the firm's core focus is on scaling consumer and technology businesses with proven business models (public record).

The investment decisions are likely made by Sally Wang and a senior team drawn from the Capital Today network. Specific named principals for this entity are not publicly available (public record).