Ningbo Qinghe Investment

Founder Zhu Xuekun is identified as the primary beneficial owner in DRC corporate transparency filings. He is joined by a group of shareholders including Zhu Xuejia, Lin Jianqiang, Lu Jin, Xu Xueliang, and Cao Shunxiang. The exact decision-making structure remains private, though the concentrated ownership suggests Zhu Xuekun exercises significant control over both the venture and mining allocations.

Ningbo Qinghe holds stakes in DRC-based subsidiaries of Zhejiang Huayou Cobalt, one of the world's largest cobalt and battery-material processors. Public records confirm a co-investor relationship, with Ningbo Qinghe listed as a shareholder in Congo Dongfang International Mining (CDM), a Huayou subsidiary. This gives the firm direct exposure to upstream cobalt and copper extraction.

The firm's deal sourcing is not publicly detailed. Given its Ningbo base and ties to the mining sector, deal flow likely originates through the principals' networks in Zhejiang industrial circles and the broader Chinese battery supply chain. No proprietary sourcing platform or formal co-investor club is known.

Known holdings are direct — equity stakes in operating subsidiaries like Congo Dongfang International Mining and a direct venture portfolio spanning seed to late stage. The firm has not disclosed any allocations to third-party funds nor does it market itself as a fund-of-funds.

The firm targets seed, start-up, and expansion-stage venture deals, per its stated strategy. It operates as a generalist, though disclosed asset exposure skews heavily toward industrial and resource-linked sectors.