# Qicheng Capital

Qicheng Capital is an Asset Manager based in Xiamen, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Xiamen, China
- **Region:** Asia
- **Address:** Xiamen, China
- **Assets under management:** Undisclosed
- **Website:** https://qicheng.org
- **LinkedIn:** https://www.linkedin.com/company/qicheng

## Regulatory record

- **Reports private funds:** No

## About

Qicheng Capital is a venture capital firm based in Xiamen, China. It has a team of six employees. The firm focuses on venture capital investments.

## Sectors

- Enterprise Software
- Consumer
- FinTech

## Offices

- Beijing, China

## People

- Chang Bin (Robert Chang) — Founder and Managing Partner
- Zhang Xinzhao (Victor Zhang) — Founding Partner

## Questions

### Who runs investment decisions at Qicheng Capital?

Robert Chang, the Founder and Managing Partner, leads investment decisions alongside Victor Zhang, Founding Partner. Both spent their previous careers inside JD.com's strategic investment division, where Chang ran the unit, giving them direct corporate venture experience before launching Qicheng.

### How is Qicheng Capital related to JD.com and Septwolves Holding?

JD.com is both a strategic partner and a limited partner in Qicheng's funds. Qicheng operates as one of the investment platforms under Septwolves Holding, the Chinese conglomerate, making the firm structurally tied to two distinct parent organizations rather than a pure third-party fund manager.

### Does Qicheng Capital participate in fund commitments or only direct deals?

The firm primarily makes direct venture investments across seed to pre-IPO stages in China. Its capital base includes corporate LPs like JD.com and institutional co-investors such as GIC, which came in through GenBridge Capital Fund I, a related vehicle.

### What investment stages does Qicheng Capital typically target?

Qicheng covers the full venture lifecycle from early seed and start-up rounds through expansion and late-stage pre-IPO financings. The firm maintains a broad generalist mandate rather than specializing in a single stage.

### What is Qicheng Capital's relationship to GenBridge Capital?

GenBridge Capital is a related vehicle that shares some limited partner overlap with Qicheng, notably GIC's investment in GenBridge Capital Fund I. The precise legal and operational separation between the two entities is not fully disclosed in public filings.

## Related profiles

- [Qichen Investment Management](https://altss.com/profile/qichen-investment-management)
- [Qihoo Hesheng Capital](https://altss.com/profile/qihoo-hesheng-capital)

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

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