# Zhenshun Fund

Zhenshun Fund is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** https://zhenshun.net

## Regulatory record

- **Reports private funds:** No

## About

Zhenshun Fund is a venture capital fund based in China, focusing on IoT industries. The fund has made 37 investments, including a Seed VC investment in Budiku Technology on August 26, 2020. Zhenshun Fund has one portfolio exit, Chengdu Zhangwowuxian Technology Co. Ltd., which occurred on December 11, 2014.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- AI/ML
- Mobility & Transportation

## People

- Charles Xue — Founding Partner

## Questions

### Who runs investment decisions at Zhenshun Fund?

Charles Xue is the Founding Partner and primary decision-maker, based on public record and his long-standing personal brand in China's angel investment community. He has operated as an individual angel and through the fund structure since the early 2010s. No other named investment partners are currently verified.

### How does Zhenshun Fund source its deal flow?

The firm sources through Charles Xue's multi-decade personal network across the U.S. and China tech ecosystems. This includes connections to Y Combinator, 500 Startups alumni networks, and returning Chinese entrepreneurs who previously worked at U.S. tech companies. His profile as a prominent angel investor generates a significant volume of inbound seed-stage referrals.

### What investment stages does Zhenshun Fund typically target?

The firm concentrates on seed and Series A rounds, where Xue's angel background provides the most applicable expertise. The firm will selectively follow on in growth rounds for existing portfolio companies, but does not position itself as a growth-equity or late-stage vehicle.

## Related profiles

- [Zhenshi Capital](https://altss.com/profile/zhenshi-capital)
- [Zhentong Capital](https://altss.com/profile/zhentong-capital)

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

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