Qingdao Haili Holdings

The firm is equally owned and controlled by co-founders Sun Gang and Liu Guoping. Liu Guoping also serves as Chairman of Hyunion Holding, the family's primary listed vehicle, suggesting he takes an active role in the strategic direction of both the operating assets and the venture portfolio. The founders' son, Sun Zhen, participates through Qingdao Tianchen Investment Co., which acts in concert with the family office on holdings in Hyunion.

Qingdao Haili Holdings functions as the controlling shareholder of Hyunion Holding, a publicly traded industrial company listed in Shenzhen. Liu Guoping, co-founder of the family office, chairs Hyunion, while an additional 4.47% stake is held by Qingdao Tianchen Investment Co., a vehicle owned by the founders' son, acting in concert with the family office. This three-entity structure consolidates family control of the industrial business.

The wealth originates from industrial manufacturing, specifically the production of automotive parts and the trading of steel and raw materials. The family built a network of automotive parts factories and operates the Hyunion Industrial Park in Qingdao's Jimo District. A historical joint venture with Japan's Metal One Corporation contributed to early-stage growth and international trade relationships.

The firm's disclosed strategy spans seed, start-up, and late-stage growth equity investments, primarily within China. Qingdao Haili Holdings allocates capital as a generalist venture investor while maintaining its core industrial cash flows from Hyunion Holding and the automotive parts network. The dual structure provides a stable capital base for opportunistic venture deployment.

Historically, the family office was open to external partnerships, as evidenced by the joint venture with Japan's Metal One Corporation within Hyunion Holding. Within the family governance structure, Qingdao Tianchen Investment Co. acts as a concert-party co-investor in the public equity of Hyunion. Direct venture co-investment practices with external GPs are not systematically disclosed.