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Ningbo Qinghe Investment
Founded in Ningbo, China, by Zhu Xuekun, Ningbo Qinghe Investment operates at the intersection of strategic resource extraction and venture capital.
Ningbo Qinghe Investment
Founded in Ningbo, China, by Zhu Xuekun, Ningbo Qinghe Investment operates at the intersection of strategic resource extraction and venture capital. The firm's shareholder roster includes Zhu Xuejia, Lin Jianqiang, Lu Jin, Xu Xueliang, and Cao Shunxiang, reflecting a tight-knit ownership group with deep ties to the mining sector. Ningbo Qinghe deploys capital across two distinct lanes: direct mining equity and a multi-stage venture strategy. Its most significant known asset is a stake in Congo Dongfang International Mining (CDM), a Huayou Cobalt subsidiary operating copper and cobalt concessions in the DRC. This positions the firm squarely in the electric-vehicle battery supply chain. On the venture side, the firm writes checks from seed through late-stage, targeting generalist opportunities, though specific portfolio companies beyond its DRC holdings remain undisclosed. The firm maintains its primary presence in Ningbo, with no additional offices publicly confirmed. Team and deployment figures are not disclosed. Key operational partners include co-investors Zhejiang Huayou Cobalt, linking Ningbo Qinghe to one of China's largest battery-material processors. Ningbo Qinghe's architecture is defined by a hybrid mandate — a generalist venture investor that also functions as a holding entity for strategic mining assets in politically sensitive jurisdictions. This dual identity creates a sourcing model distinct from conventional Chinese VCs, tying financial returns directly to physical commodity supply chains.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Ningbo
Corporate office
Ningbo, China
Principals
Zhu Xuekun
Founder
Lin Jianqiang
Shareholder
Lu Jin
Shareholder
Sector focus
Frequently asked questions
Who runs investment decisions at 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.
What is Ningbo Qinghe Investment's relationship with Huayou Cobalt?
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.
How does Ningbo Qinghe source its venture deals?
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.
Does Ningbo Qinghe participate in fund commitments or only direct deals?
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.
What investment stages does Ningbo Qinghe target in its venture portfolio?
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.
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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