Jiangsu Huabo Industrial Group

Chairman Shen Hao is the central figure. He founded the group and personally drives its venture allocations, operating as a prominent angel investor in China's mobile internet sector. The firm does not publicly profile an independent investment committee, consistent with its structure as an owner-led corporate investor.

It is a hybrid. The group runs an active industrial business manufacturing EV cables and charging equipment for partners like Tesla, while simultaneously deploying capital into venture-stage Chinese technology companies. The absence of external limited partners and the reinvestment of operating profits give it the capital-permanence features of a single-family office, though it is formally structured as a corporate group.

Shen Hao's personal network is the primary sourcing engine. His role as Vice President of the CEIBS Alumni Association (Nanjing branch) and Chairman of the Jiangsu Internet Industry Investment Fund Alliance connects him to both startup founders and co-investors across Jiangsu province's technology ecosystem. The group's operational presence in the EV supply chain also surfaces mobility-related investment opportunities.

Huabo is a supply chain partner, manufacturing charging equipment and EV cables for Tesla in China. The relationship, delivered in collaboration with Far East Smarter Energy, generates steady industrial revenue that funds the group's venture activity. It also provides a direct operational lens into China's electric-vehicle infrastructure buildout.

It deploys proprietary capital. There is no public record of Huabo raising third-party funds or accepting external limited partners. This permanent-capital structure frees the group from fundraising cycles and allows it to hold positions without a mandated exit timeline.

The firm invests across the full venture lifecycle — from seed and start-up rounds through growth and late-stage expansion — and also pursues buyouts. Its venture appetite is broad, but disclosed activity concentrates on early-stage Chinese mobile-internet and enterprise-software companies where Shen Hao can bring both capital and industrial operating experience to bear.

Yes. Shen Hao is connected to the Shanghai Nengjin Charity Foundation, which operates as a separate philanthropic vehicle. The foundation's existence alongside Huabo's profit-seeking industrial and venture activities mirrors the architecture adopted by many Chinese corporate principals seeking to separate charitable giving from operating entities.