# Eight Roads Ventures China

Eight Roads Ventures China is a Venture Capital based in Hong Kong, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Hong Kong, China
- **Region:** North America
- **Address:** Hong Kong, China
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** eightroads.com
- **LinkedIn:** https://www.linkedin.com/company/eight-roads-ventures

## Regulatory record

- **Reports private funds:** No

## About

Eight Roads Ventures China was founded in 2006 as the China-focused venture arm of Fidelity International. The firm operates independently with a dedicated team of 50 professionals across Hong Kong, Shanghai, and Beijing. Its capital base originates from Fidelity's long-term investment mandates, providing patient, growth-stage funding. The firm targets enterprise software, fintech, digital health, AI/ML, and industrial tech. It leads Series B through pre-IPO rounds, often acting as a lead or co-lead investor. Confirmed positions include Alibaba Health, Meituan, and several private fintech platforms. Geographically, it focuses exclusively on mainland China and Hong Kong. Eight Roads Ventures China has deployed capital across more than 80 companies. It maintains close ties with Fidelity International but operates with full autonomy in investment decisions. The firm's team includes Managing Partners Zhou Wei and Liu Xiaodong, and Partner Chen Ye. No major public recent activity has been reported. A key structural differentiator is its blend of global institutional backing and local Chinese expertise. Unlike pure local venture firms, it leverages Fidelity's global network for deal sourcing and portfolio support. Its governance separates it from typical family offices or independent VCs.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- AI/ML
- Industrial Tech

## Offices

- Shanghai
- Beijing

## People

- Zhou Wei — Managing Partner
- Liu Xiaodong — Managing Partner
- Chen Ye — Partner

## Questions

### Who makes investment decisions at Eight Roads Ventures China?

The firm is led by Managing Partners Zhou Wei and Liu Xiaodong, who oversee investment strategy and deal sourcing. The team of 50 professionals operates autonomously from Fidelity International, with a focus on growth-stage tech companies in China.

### What is the relationship between Eight Roads Ventures China and Fidelity International?

Eight Roads Ventures China was spun out from Fidelity International in 2006 and manages a dedicated pool of capital for Chinese investments. While it leverages Fidelity's global network and long-term investment horizon, it operates with full independence in decision-making and portfolio management.

### Does Eight Roads Ventures China invest outside of China?

No, the firm's mandate is exclusively focused on mainland China and Hong Kong. It does not invest in other geographies.

### How does Eight Roads Ventures China source deals?

The firm combines proprietary sourcing through its local team of 50 professionals with the global network of Fidelity International. It leads co-investments with other institutional investors and maintains relationships with entrepreneurs across its focus sectors.

### How is Eight Roads Ventures China different from other venture capital firms in China?

Its unique structural advantage is the combination of Fidelity's institutional backing (patient capital, global network) with deep local expertise and independence. This allows it to invest with a longer time horizon than many local VCs.

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Last updated: 2026-06-03T20:00:00.000Z

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