Hangzhou Yihe Textile

Investment decisions appear to be driven by Li Ming, who holds the General Manager role at the textile entity and the chairmanship of Hong Kong Caidi International. Business partner Mao Dai, who owns Sea Best Group Limited and directs associated entities, likely plays a significant role in cross-border or offshore investment activity. Chen Jianping is the legal representative for the 'Art & Harmony' manufacturing arm, indicating shared control across the group's entities.

It operates as a corporate investor — an operating industrial company whose principals also deploy capital into external venture-stage and expansion-stage opportunities. This differs from a pure single family office in that the investment activity is embedded within an active textile manufacturing enterprise, with industrial assets and commercial real estate generating the core cash flows that fund the investment portfolio.

Li Ming chairs both the Hangzhou textile operation and Hong Kong Caidi International, creating a cross-border holding structure. The Hong Kong entity provides an offshore vehicle for investment and trade activities that complements the mainland China industrial base. The full scope of Caidi International's holdings and its relationship to the Hangzhou investment portfolio is not publicly detailed.

Beyond its venture portfolio, Hangzhou Yihe Textile controls physical industrial assets — notably the Hangzhou Yihe Textile Production Base — and an investment property portfolio within China. Commercial real estate holdings include office space in the Jinfeng Building in Shangcheng District. These hard assets generate operating income that supports the investment function.

Available public records describe the firm's strategy as direct venture capital — spanning seed, startup, and expansion stages — with no reported fund-of-fund or limited partner commitments. The absence of disclosed fund investments suggests a preference for direct deal exposure, though this may reflect incomplete disclosure rather than a stated policy.

The involvement of Mao Dai and the Hong Kong Caidi International structure implies capacity for co-investment activity with offshore entities, but no specific co-investment arrangements or external GP relationships have been publicly documented. The firm's investment network likely leverages the principals' textile-industry and trade relationships across Zhejiang and Hong Kong.

The Red Cross Cooperation Program is the only publicly identified philanthropic initiative associated with the firm. Details regarding governance, funding allocation, or separation from the commercial and investment entities are not disclosed. The program's existence signals a philanthropic interest, but operational boundaries between charitable and for-profit activities remain opaque.