Xiamen Tiandi Equity Investment

It is a wholly-owned subsidiary of Xiamen Tiandi Development and Construction Group, a municipal state-owned enterprise focused on urban redevelopment in Xiamen's Huli District. The parent company provides the capital base and shares the same chairman historically, making the investment firm an integrated vehicle for deploying state capital into local ventures rather than an arm's-length allocator.

Cai Shoufei, who served as Chairman of both the parent group and the equity investment arm, was prosecuted on bribery charges in 2023. This development removes the founding operator from the firm and introduces significant governance uncertainty for any external party evaluating a co-investment or fund commitment.

The firm operates across the full venture lifecycle—seed, start-up, expansion, late-stage, and growth equity—and also makes fund-of-funds commitments. It is a generalist by mandate, with no disclosed sector exclusions.

There is no public record of the firm raising capital from external institutional LPs. Its funding source is the parent SOE, making it primarily a proprietary capital vehicle for municipal development goals.

Zhang Haiyan holds the title of Investment Director, according to available records. Beyond that role, no public information identifies the full investment committee or who assumed strategic authority following Cai Shoufei's prosecution.