# Jingzhiyuan Capital

Jingzhiyuan Capital is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** jingzhiyuancapital.com

## Regulatory record

- **Reports private funds:** No

## About

Jingzhiyuan Capital is a private equity firm based in Beijing, China. It focuses on venture capital investments.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Mobility & Transportation

## People

- Liu Haifeng — Founder & Managing Partner

## Questions

### Who runs investment decisions at Jingzhiyuan Capital?

Founder and Managing Partner Liu Haifeng leads all investment decisions. Institutional allocators note that technical co-founders from the firm's network participate in diligence alongside the investment team, a practice that mirrors the scientist-partner model used by US deep-tech funds. Final IC authority rests with Liu.

### How does Jingzhiyuan source proprietary deal flow?

The firm's deal flow comes primarily through direct relationships with Tsinghua University, the Chinese Academy of Sciences, and affiliated national laboratories — channels that surface spinouts before they are formally marketed to the broader venture market. This lab-to-startup pipeline gives Jingzhiyuan early access to teams commercializing state-funded research in AI, robotics, and advanced materials.

### Is Jingzhiyuan Capital structured as a venture firm or does it operate differently?

Jingzhiyuan operates as a standard early-stage venture capital firm but distinguishes itself by applying a deep-science diligence model uncommon among Chinese generalist funds. The firm integrates subject-matter experts into its evaluation of technical risk, making it functionally closer to US firms like Lux Capital than to the consumer-growth shops that historically dominated Beijing's venture ecosystem.

### What investment stages does Jingzhiyuan typically target?

The firm concentrates on seed and Series A rounds, writing first institutional checks into companies that are still pre-revenue or early-commercialization. Select follow-on participation occurs in Series B and later rounds when portfolio companies begin to scale within China's industrial procurement systems.

### Which sectors does Jingzhiyuan explicitly avoid?

Jingzhiyuan has no publicly confirmed consumer-internet or platform-economy investments. The firm's disclosed portfolio and sourcing channels indicate a deliberate exclusion of consumer-facing software, e-commerce, and ad-tech in favor of enterprise software, AI, industrial technology, and mobility.

## Related profiles

- [Jingxi Chenhui Capital](https://altss.com/profile/jingxi-chenhui-capital)
- [Jinhuixin Equity Investment Fund](https://altss.com/profile/jinhuixin-equity-investment-fund)

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

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