# Zhejiang Wanma Intelligent Technology Group

Zhejiang Wanma Intelligent Technology Group is a Corporate Investor based in Hangzhou, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Hangzhou, China
- **Region:** Asia
- **Address:** No. 2159, Keji Avenue, Qingshanhu Subdistrict, Lin'an District, Hangzhou, Zhejiang, China
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** www.wanmagroup.com
- **LinkedIn:** https://www.linkedin.com/company/zhejiang-wanma-group-electron-co-ltd

## Regulatory record

- **Reports private funds:** No

## About

Zhejiang Wanma Intelligent Technology Group was established in 2000 as the industrial investment arm of Wanma Group, a Zhejiang-based manufacturing conglomerate founded by Zhang Desheng. The elder Zhang built his fortune producing electrical equipment, rubber, and plastic goods — classic Zhejiang province private-sector manufacturing that powered China's export boom. Today, his daughter Zhang Bin runs the investment group, reflecting a clean generational handover common among China's first-wave family enterprises. The firm's investment posture is anchored in industrial operating assets and real estate. Its manufacturing footprint includes a primary base in Lin'an District and a production facility in Huzhou — both in Zhejiang, a province known for dense private-sector industrial clusters. While the group does not disclose detailed portfolio holdings, its structure as a subsidiary of Wanma Group ties its deployment capacity directly to the parent company's manufacturing margins and asset base. A significant structural shift occurred in 2020 when Qingdao West Coast New Area Ocean Development, a state-owned entity, became the controlling shareholder of Wanma Co., Ltd. — the listed entity within the broader Wanma ecosystem. This state-capital infusion altered the group's governance without displacing the Zhang family's operational role; Zhang Bin continues as chairperson of the intelligent technology group. The Wanma Charity Foundation operates as the family's philanthropic vehicle, maintaining a separation between investment activity and social initiatives. The firm's architecture — a second-generation family office wrapped inside a corporate investor structure, with partial state ownership at the listed-entity level — distinguishes it from pure family offices. It retains the nimble, diversified holding-company model typical of Zhejiang industrial families while operating under the hybrid governance that Chinese regulators increasingly encourage for large private manufacturers. For external allocators, the group functions as a corporate venture and real estate investor whose deal appetite is calibrated to its parent's industrial cash flows rather than third-party LP mandates.

## Sectors

- Industrial Tech
- Real Estate

## Offices

- Huzhou Production Base, Huzhou, Zhejiang, China

## People

- Zhang Bin — Chairperson
- Zhang Desheng — Founder, Wanma Group

## Questions

### Who controls investment decisions at Zhejiang Wanma Intelligent Technology Group?

Chairperson Zhang Bin, daughter of Wanma Group founder Zhang Desheng, oversees the investment group's strategic direction. The firm operates as a subsidiary of Wanma Group, so major capital allocation decisions ultimately trace back to the family's holding structure. Day-to-day investment execution is handled by the group's internal team in Hangzhou, though specific investment committee members are not publicly listed.

### How is the group related to Wanma Group and Wanma Co., Ltd.?

Zhejiang Wanma Intelligent Technology Group is a subsidiary of Wanma Group, the conglomerate founded by Zhang Desheng. Wanma Co., Ltd. is the publicly listed entity within the ecosystem; in 2020, Qingdao West Coast New Area Ocean Development, a state-owned entity, became its controlling shareholder. Zhang Bin remains chairperson of the intelligent technology group, preserving family operational control at the investment-holding level despite partial state ownership at the listed subsidiary.

## Related profiles

- [Zhejiang Venture Capital Fund of Funds](https://altss.com/profile/zhejiang-venture-capital-fund-of-funds)
- [Zhejiang XCC Group](https://altss.com/profile/zhejiang-xcc-group)

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Last updated: 2026-08-11T02:43:31.692Z

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