# Shanghai Plinth Capital

Shanghai Plinth Capital is an Asset Manager based in Shanghai, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** https://plinth-capital.com
- **LinkedIn:** https://www.linkedin.com/company/shanghai-plinth-capital-co.-ltd

## Regulatory record

- **Reports private funds:** No

## About

Shanghai Plinth Capital is a Shanghai-based investment company. It has invested in four funds. Its regional focus is Asia.

## Sectors

- Healthcare Services
- Enterprise Software
- Consumer

## People

- Liu Chunguang — Founder and Majority Owner
- Jason C.S. Chang — Chairman, ASE Group
- Jason Chang — CEO, Plinth Investments and CSBio

## Questions

### How does Shanghai Plinth Capital relate to ASE Group?

The capital behind Shanghai Plinth Capital derives from the fortune of Jason C.S. Chang, founding chairman of ASE Group, the world's largest semiconductor packaging and testing provider. However, Plinth Capital is not a corporate venture arm of ASE — it invests family capital independently across sectors well beyond semiconductors. The connection is through ownership, not operational integration.

### Does the firm invest only in China?

While Shanghai Plinth Capital is the mainland China origination arm, the broader family investment platform maintains a global footprint. The group holds a Napa Valley vineyard (Houyi Vineyard / Nine Suns wine collection), a US net-lease retail portfolio, and biotech interests through CSBio. The Shanghai entity focuses primarily on Chinese venture and growth-stage companies.

### Is Shanghai Plinth Capital open to third-party co-investors?

The firm deploys family capital as its primary source of funding and does not appear to operate as an open fund manager raising institutional commitments. Records suggest it selectively co-invests with operating partners who bring strategic value, but there is no publicly available vehicle that accepts outside LP subscriptions. The structure is closer to a permanent-capital family vehicle than a blind-pool fund.

### What is the relationship between Plinth Capital and Plinth Investments?

Plinth Investments operates as the broader family investment platform, led by Jason Chang (son of Jason C.S. Chang), with a multi-strategy mandate spanning private equity, venture capital, and operating businesses such as CSBio. Shanghai Plinth Capital serves as the mainland China venture and growth entity under Liu Chunguang, distinct in geography and daily management but aligned through family capital and shared deal flow.

### What kind of check size does Shanghai Plinth Capital typically write?

No disclosed check-size range is publicly available. The firm's strategy spans seed, start-up, and expansion stages, implying flexibility from sub-$1 million early-stage commitments to significantly larger growth rounds. Without a public track record of announced deals or fund documents, specific allocation parameters remain confidential to the family.

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- [Chongqing Industry Guidance Equity Investment Fund](https://altss.com/profile/chongqing-industry-guidance-equity-investment-fund)
- [Changsha Truking Investment Group](https://altss.com/profile/changsha-truking-investment-group)

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

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