Weifang Xinghai Materials

Li Caiyun, the founder, holds 90% equity and serves as Executive Director and Manager, concentrating both operational and investment authority. Yang Hong acts as Supervisor with a 10% minority stake. This governance structure means investment decisions flow directly from the founder without committee or LP approval layers.

The firm invests directly from its corporate balance sheet rather than raising external funds. Public records show no dedicated fund vehicles or limited-partner relationships. This structure allows the firm to blend venture investing with its core materials and shipping operations without fund-life constraints or external redemption pressure.

Weifang Xinghai Materials spans the full venture spectrum — seed, start-up, expansion, and late-stage rounds. The firm does not publish stage-specific allocation targets, but its designation as a corporate venture investor suggests a mix of early-stage strategic bets and later-stage positions where commercial synergies with its materials and logistics businesses are strongest.

The firm is headquartered in Weifang, Shandong, with an associated shipping agency operating under the same brand. While no foreign offices are disclosed, the shipping entity provides a rationale for trade-linked investment exposure along northern Chinese industrial corridors. The Weifang High-tech Zone location also anchors the firm within an ecosystem of state-backed innovation incentives.

Deal flow likely originates through the firm's dual commercial operations — materials supply relationships and international shipping agency services — rather than through the traditional GP-solicitation or advisor-intermediated channels that financial sponsors depend on. Yang Hong's ties to seven other local corporate entities may further extend the sourcing network, though specific sourcing practices are not disclosed publicly.