Shandong Liyuansheng Commerce and Trade

The firm is controlled by Liu Zhimin (51% owner and supervisor) and Chen Changjun (49% owner, legal representative, and executive director). Given its corporate structure, investment decisions likely require joint authorization, though no public governance documents detail the specific approval process.

The firm participates as a limited partner through co-investor relationships. Public records link it to funds managed by Beijing Yingxing — an investment network with Tsinghua University ties — and Suzhou Boxing. These relationships suggest deal flow originates from manager networks rather than a dedicated in-house sourcing team.

It is formally registered as a corporate investor. The principals own an industrial valve business in Yantai, and the investment entity appears to deploy capital generated by that operating subsidiary rather than functioning as a segregated family office. No separate wealth-management label has been disclosed.

Based on available data, Shandong Liyuansheng functions entirely as a fund-of-funds LP. All recorded strategy tags reference venture capital fund stages, with no direct portfolio company names attributed to the entity in public filings.

The firm allocates across the full venture spectrum: seed, start-up, expansion, and late-stage funds. No single stage dominates its disclosed LP participation, reflecting a generalist multi-stage approach within the Chinese venture market.

The connection is through Beijing Yingxing, an investment organization with ties to Tsinghua University, where Shandong Liyuansheng has appeared as a co-investor in venture funds. The principals themselves have not disclosed personal academic or employment links to Tsinghua.

No. Shandong Liyuansheng Commerce and Trade does not maintain a website, LinkedIn profile, or any other public-facing channel. It has never publicly solicited external capital and operates strictly as a proprietary investment entity for its two principals.