# Qiyi Capital

Qiyi Capital is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.qiyicap.com

## Regulatory record

- **Reports private funds:** No

## About

Qiyi Capital is an investment firm based in Hangzhou, China, founded in 2015. It focuses on mobile Internet companies and invests in various sectors, including finance, medical care, and pan-entertainment. The firm has made 23 investments, with its latest being in Billionfish Group in July 2019.

## Questions

### What investment stages does Qiyi Capital target?

Qiyi Capital focuses on the earliest institutional checkpoints — seed and start-up rounds — before companies reach conventional Series A benchmarks. The firm's mandate covers venture generalism at stages where founder relationships and board-level guidance often matter more than later-stage growth metrics. The emphasis on pre-institutional entry reflects a structural commitment to illiquid early-stage risk in China's technology sector.

### How does Qiyi Capital's strategy differ from larger China-focused venture firms?

Unlike larger China-focused venture firms that have migrated toward growth equity and pre-IPO rounds, Qiyi Capital maintains a pure early-stage posture concentrated at seed and start-up phases. This avoids the compressed return profiles increasingly common in late-stage crossover strategies. The trade-off is less portfolio transparency and a dependence on proprietary founder networks rather than auction-driven deal flow.

## Related profiles

- [Qixu Investment Management](https://altss.com/profile/qixu-investment-management)
- [Quality Management Solutions](https://altss.com/profile/quality-ventures)

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

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