# SC-shuangma Capital

SC-shuangma Capital is a Corporate Investor based in Chengdu, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Chengdu, China
- **Region:** Asia
- **Address:** No. 2, 26/F, Office Building No. 1 Chengdu International Financial Center, No. 1, Section 3, Hongxing Road, Jinjiang District, Chengdu, Sichuan, China
- **Founded:** 1998
- **Assets under management:** 1168 (Altss estimate)
- **Website:** www.sc-shuangma.com

## Regulatory record

- **Reports private funds:** No

## About

SC-shuangma Capital was established in 1998 as the investment arm of Sichuan Hexie Shuangma Co., Ltd., a Shenzhen-listed cement producer. Dongliang Lin, also a partner at IDG Capital, serves as director and identified controller. The firm maintains its headquarters at Chengdu International Financial Center. The firm allocates across early-stage venture, growth equity, and private equity fund commitments. Asset classes include biopharmaceutical operating businesses, green industry funds, and technology startups. Confirmed positions include Shenzhen Jianyuan (Xingyin Medical) at 92.17 percent ownership, Aose Technology via the Harmonious Green Industry Fund, and limited partnership interests in Yibin Harmonious Green Industry Development Equity Investment Partnership and Henan Harmonious Jinyu Industrial Investment Fund. All activity centers in China. The firm reported $1.17 billion in assets. It maintains one headquarters office and engages Deloitte Huayong as auditor. February 2024: participated in an investor briefing covering progress of the Yibin Harmonious Green Industry Fund and biopharmaceutical acquisitions. SC-shuangma Capital functions as the captive investment platform of a publicly traded industrial company rather than an independent family office or multi-strategy manager. Board overlap with IDG Capital supplies the primary external relationship for deal access.

## Sectors

- Industrials
- Materials
- Private Equity

## People

- Dongliang Lin — Director

## Questions

### Who runs investment decisions at SC-shuangma Capital?

Dongliang Lin serves as director and is identified as the actual controller. He maintains a concurrent role as partner at IDG Capital.

### Does SC-shuangma Capital participate in fund commitments or only direct deals?

The firm acts as limited partner in multiple private equity funds including the Yibin Harmonious Green Industry Development Equity Investment Partnership and holds a 92.17 percent direct stake in Shenzhen Jianyuan.

### What investment stages does SC-shuangma Capital typically target?

The firm targets early-stage seed and start-up investments as well as growth equity and venture opportunities.

### How is SC-shuangma Capital related to IDG Capital?

IDG Capital is a major shareholder and strategic partner. IDG partners including Dongliang Lin serve on the SC-shuangma board.

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

Canonical page: https://altss.com/profile/sc-shuangma-capital

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