Tibet Yuanqi Investment Management

He Yuan holds a 90% ownership stake in the firm, making him the dominant decision-maker. Li Xiaofeng holds the remaining 10% as a minority business partner. The concentrated ownership structure gives Yuan unilateral authority over capital allocation, a setup that differs from committee-driven venture firms.

The firm's mandate spans the full venture lifecycle: seed, start-up, expansion, late-stage, and growth rounds. This generalist stage approach means Yuanqi can enter deals early and follow on through later rounds, unlike firms that specialize in a single stage.

Yuanqi operates as a generalist without a declared sector concentration. Public records do not identify any specific industries the firm excludes. The broad mandate allows the firm to evaluate opportunities across China's venture landscape without thematic constraints.

The firm is registered as an asset management company, which typically implies external capital. However, no limited partners or fund structures have been publicly disclosed. The ownership concentration with He Yuan suggests the firm could blend proprietary capital with third-party commitments.

Lhasa sits far from China's primary venture hubs—Beijing, Shanghai, and Shenzhen. This geographic separation may indicate Yuanqi leverages specific regulatory advantages tied to its Tibet registration, or it operates through satellite networks to access founders. The firm's actual sourcing model has not been publicly detailed.