# Tangzhu Investment Management

Tangzhu Investment Management is an Asset Manager based in Shanghai, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2016
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Tangzhu Investment Management is a Shanghai-based investment company that focuses on venture capital investments.

## People

- Ai Qing — Founder

## Questions

### How is Tangzhu capitalized, and who are its limited partners?

The most visible vehicle, Ningbo Tangzhu, includes Guangdong Liansu Technology Industrial Co., Ltd. — a subsidiary of China Lesso Group Holdings Limited — as a limited partner. China Lesso is a Hong Kong-listed building materials manufacturer with a market capitalization in the tens of billions of Hong Kong dollars. This LP relationship channels industrial balance-sheet capital into Tangzhu's early-stage investments, creating a capital base distinct from a standard pool of institutional or high-net-worth fund investors.

### What is Tangzhu's relationship with China Lesso Group?

The relationship is structural, not arms-length. Guangdong Liansu Venture Capital Fund Management, an affiliate of China Lesso Group, serves as co-general partner of the Ningbo Tangzhu vehicle. At the same time, another China Lesso subsidiary, Guangdong Liansu Technology Industrial, acts as a limited partner in that same vehicle. This dual role — co-GP and LP — makes China Lesso both a governance participant and a capital provider, placing it at the center of Tangzhu's investment operations.

### Does Tangzhu participate in fund commitments or only direct deals?

All confirmed investment activity involves direct company-level positions. The Saint Bella transaction placed Tangzhu on the capitalization table as a direct equity holder alongside Tencent Mobility and Gaorong Capital. There is no publicly available record of Tangzhu making commitments as a limited partner into third-party funds, nor does any available documentation describe a fund-of-funds program.

## Related profiles

- [Tangor Capital](https://altss.com/profile/tangor-capital)
- [Tanis Venture Management](https://altss.com/profile/tanis-venture-management)

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

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