Firms

Founded

—

Type

Venture capital

Team

No team members on record yet.

Co-investing

Lightspeed

• Reactor$59M · 2026-05-28
• Thunkable$30M · 2022-04-05
• Laiye$50M · 2021-04-21
• Full Truck Alliance$1.5B · 2021
• Edaijia$25M · Unknown date

Sequoia

• Flova AI$80M · 2026-07-28
• Willing$14M · 2022-07-13
• Manbang$1.7B · 2020
• PPDai$100M · 2015-04-07
• PPDai$— · 2014-04

Lightspeed China Partners

• PPDai$100M · 2015-04-07
• PPDai$— · 2014-04
• Edaijia$100M · Unknown date

Fidelity Investments

• Full Truck Alliance$1.5B · 2021
• Manbang$1.7B · 2020

GGV Capital

• Full Truck Alliance$1.5B · 2021
• Manbang$1.7B · 2020

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Investments

$80M2026-07-28	Flova AI	Sequoia, IDG Capital, Sky9 Capital
$59M2026-05-28	Reactor	Lightspeed, FPV Ventures, Abstract Ventures, Amplify Partners, WndrCo, Sky9 Capital
$14M2022-07-13	Willing	Sequoia, Luminous Ventures, Yunqi Partners, Sky9 Capital
$30M2022-04-05	Thunkable	Lightspeed, New Enterprise Associates, Y Combinator, Owl Ventures, PJC, Sky9 Capital
$50M2021-04-21	Laiye	Lightspeed, Sky9 Capital, Ping An Global Voyager Fund
$1.5B2021	Full Truck Alliance	Lightspeed, GGV Capital, Fidelity Investments, Tiger Global Management, LLC, Sky9 Capital, All-Stars Investment
$1.7B2020	Manbang	Sequoia, GGV Capital, CapitalG, Fidelity Investments, Sky9 Capital, Hillhouse Capital
$100M2015-04-07	PPDai	Sequoia, Legend Capital, Sky9 Capital, Lightspeed China Partners
$—2014-04	PPDai	Sequoia, Sky9 Capital, Lightspeed China Partners
$25M2012	PPDai	Sequoia, Sky9 Capital

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