Updated:
Shenzhen Country Garden Venture Capital Co.
Shenzhen Country Garden Venture Capital Co., the corporate venture arm of China's largest developer, backs proptech and construction tech startups.
Shenzhen Country Garden Venture Capital Co.
Shenzhen Country Garden Venture Capital Co. launched in 2019 as the corporate venture arm of Country Garden Holdings, the Guangdong-based developer founded by Yang Guoqiang that sold homes worth over RMB 500 billion annually at its peak. The firm operates out of Shenzhen with an additional presence in the United States, reflecting ambitions to source global technology that can be adapted to China's property sector. The firm targets early- and growth-stage companies in proptech, climate tech, enterprise software, AI, and robotics. Portfolio companies include Katerra, the modular construction startup; Tuya Smart, the IoT platform that listed on the NYSE; and Ubtech Robotics, the humanoid robot maker. Geographically, the fund focuses on China and North America, with selective exposure to Europe and Southeast Asia. Shenzhen Country Garden Venture Capital runs approximately 10 full-time professionals, led by Managing Director Ye Liuyuan and General Manager He Wen. The team collaborates closely with Country Garden's property development and construction engineering groups, giving portfolio companies a potential deployment channel into one of China's largest real estate ecosystems. In 2024, the firm was reported to be scaling back new deal activity amid the broader liquidity pressures facing Chinese developers (per Bloomberg, 2024). The firm's structural differentiator is its direct pipeline into Country Garden's operational assets: portfolio companies can pilot products in actual residential communities, construction sites, and property management networks managing over 4,000 projects across China. This 'living lab' model offers an unusual validation path for startups — and gives Country Garden first access to new technology before competitors.
General information
Firm type
Corporate Venture Capital
Year founded
2019
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Shenzhen
Corporate office
Shenzhen, China
Additional offices
United States
Principals
Ye Liuyuan
Managing Director
He Wen
General Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Shenzhen Country Garden Venture Capital?
Managing Director Ye Liuyuan and General Manager He Wen lead the investment team, reporting into the parent company's strategy division. The team sources and evaluates deals independently but must align with Country Garden's operational priorities.
How does Shenzhen Country Garden Venture Capital source proprietary deal flow?
The firm leverages its parent company's network of over 4,000 construction projects and property management communities across China. Startups can pilot products within Country Garden's real estate ecosystem, offering a unique value proposition that attracts founders to approach the fund directly.
Is Shenzhen Country Garden Venture Capital structured as a family office or a corporate venture capital firm?
The firm is a corporate venture capital entity, wholly owned by Country Garden Holdings, which itself is controlled by the Yang family. It functions with a dedicated investment mandate and a separate team, but its capital and strategic direction are tied to the parent developer.
What investment stages does Shenzhen Country Garden Venture Capital typically target?
The fund focuses on early- to growth-stage technology companies, from Series A through Series C, with the capacity to lead or co-invest. Later-stage deals are rare unless the startup offers direct integration with Country Garden's operational business lines.
What sectors does Shenzhen Country Garden Venture Capital explicitly avoid?
The firm steers clear of heavily regulated industries like fintech, healthcare, and education technology, as well as pure-play consumer internet companies without clear real estate or construction applications. Its mandate is technology that can be deployed in the built environment.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: