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Liuhe Capital
Liuhe Capital is a private asset management company in China. It focuses on stock investments, PIPE, venture capital, and other activities. The firm has made...
Liuhe Capital
Liuhe Capital is a private asset management company in China. It focuses on stock investments, PIPE, venture capital, and other activities. The firm has made 17 investments, including a Seed investment in JUOPT on March 04, 2026.
General information
Firm type
Generalist
Year founded
2004
Location
Region
Asia
Country
China
City
Shanghai
Corporate office
Shanghai, China
Principals
Xia Yu
Founder
Sector focus
Frequently asked questions
What investment stages does Liuhe Capital target?
The firm invests from seed through growth equity and also executes private investment in public equity (PIPE) transactions. This full-lifecycle approach is characteristic of hard-technology investors who often need to support portfolio companies from lab-stage development through commercial scale-up and eventual public-market liquidity.
How does Liuhe Capital source its deal flow?
Liuhe Capital draws from China's top engineering universities and state-backed research programs, where many hard-tech commercial spinouts originate. The firm co-invests alongside municipal government industrial funds, which provides visibility into companies that foreign VC firms — restricted by CFIUS or other screening regimes — cannot access directly.
How is Liuhe Capital related to Chinese government industrial policy?
Liuhe Capital's investment thesis aligns closely with Beijing's strategic priorities in semiconductor sovereignty and energy independence. It co-invests with government-linked industrial funds and municipal vehicles. However, the firm maintains a financial return mandate and is not a designated policy-implementation entity.
Does Liuhe Capital maintain a public portfolio or disclose its AUM?
No. Liuhe Capital does not publicly disclose assets under management, total deployment, or a formal portfolio directory. Its known positions surface through Chinese corporate registries and investee company prospectuses rather than through voluntary disclosure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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