Vision Plus Capital
Vision Plus Capital is a Hangzhou-based venture capital firm founded in 2015 by Alibaba co-founder Eddie Wu, managing dual-currency RMB and USD funds with ~US$2 billion AUM across 150+ portfolio companies in hard tech, industrial smart manufacturing, industrial digitalization, healthcare, and cross-border sectors, serving institutional LPs and early-stage technology founders globally.
- Company typePrivate
- Founded2015
- HeadquartersHangzhou, China
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Vision Plus Capital does
Vision Plus Capital (元璟资本) is a Hangzhou-headquartered venture capital firm founded in 2015 by Alibaba co-founder Eddie Wu (吴泳铭), managing dual-currency (RMB and USD) funds with total assets under management exceeding 15 billion RMB (~US$2 billion). The firm invests across five thematic verticals — Hard Tech (smart vehicles, new energy, AI), Industrial Smart Manufacturing (core components, industrial software, robotics), Industrial Digitalization (enterprise SaaS, IT infrastructure), Healthcare Technology (digital health, medical devices, biotech), and Cross-Border (fintech, smart products, logistics into Southeast Asia, Latin America, and North America) — with 150+ portfolio companies to date. The firm positions itself as having an "industry + investment" DNA, combining tier-1 tech operators (former Alibaba VPs, Li Auto CTO) with seasoned investors from Temasek, GGV Capital, and Qiming Ventures to provide portfolio companies with operating expertise, industry networks, and global connections in addition to capital. Its revenue model is traditional VC fund management economics: management fees on committed capital plus carried interest on realized portfolio exits, with LPs comprising national-level sovereign funds, family offices, and other institutional investors (private placement only). The firm has produced five or more portfolio IPOs across NASDAQ (Li Auto), NYSE (Tuya), HKEX (Minieye, Jushuitan, LeDong Robotics), and the Beijing Stock Exchange (Hengdao Technology), and in 2025-2026 had 33 portfolio companies named to Zhejiang/Hangzhou unicorn and quasi-unicorn lists. Vision Plus Capital maintains offices in Hangzhou (headquarters), Beijing, and Shanghai, and has expanded its global footprint to Singapore via the Startup SG EntrePass program, with active investments across Asia, the Americas, and EMEA.
Vision Plus Capital firmographics
Firmographics- Name
- Vision Plus Capital
- Legal name
- 元璟资本 (Vision Plus Capital)
- Website
- https://visionpluscapital.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Vision Plus Capital is a Hangzhou-based venture capital firm founded in 2015 by Alibaba co-founder Eddie Wu, managing dual-currency RMB and USD funds with ~US$2 billion AUM across 150+ portfolio companies in hard tech, industrial smart manufacturing, industrial digitalization, healthcare, and cross-border sectors, serving institutional LPs and early-stage technology founders globally.
- Ownership category
- akta.pro rank
Vision Plus Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
Keywords
Where Vision Plus Capital is headquartered
LocationHeadquarters
- HQ city
- Hangzhou
- HQ country
- China
- HQ region
- Asia
Offices3 records
Markets served
Vision Plus Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Venture Capital Fund Management: Manages RMB and USD dual-currency funds with total AUM of approximately US$2 billion (15 billion RMB); earns traditional VC fund economics through management fees on committed capital and carried interest on portfolio exits.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels9 records
Vision Plus Capital product offering
Product offeringCore offering
Vision Plus Capital is a venture capital firm founded in 2015 by Alibaba co-founder Eddie Wu that invests in early-stage technology startups through both RMB and USD dual-currency funds, with total AUM exceeding 15 billion RMB (approximately US$2 billion). The firm deploys capital across five sector focus areas—Hard Tech, Industrial Smart Manufacturing, Industrial Digitalization, Healthcare Tech, and Cross-Border—offering portfolio companies operating expertise, industry networks, and global connections alongside financial capital.
Product overview
Vision Plus Capital is a single venture capital platform that operates as a unified investment services offering rather than a product-plus-modules architecture. The firm invests in early-stage innovative technology startups through both RMB and USD funds (with over 15 billion RMB / near US$2 billion total AUM), organized around five focus areas: Hard Tech, Industrial Manufacturing, Industrial Digitalization, Health Tech, and Cross-Border. These five focus areas function as the firm's service categories and house its named portfolio companies (e.g., Li Auto, Tuya, Advance Intelligence Group, Fourier Intelligence, Stori, Minieye, Rokid, Jushuitan, Pebble, and others) rather than as separate product modules.
Differentiator
Problem solved
Functional benefit
Products and services
- Vision Plus Capital Venture Capital Investment Services Venture capital investment services provided by Vision Plus Capital, a firm founded in 2015 by Alibaba co-founder Eddie Wu with total AUM exceeding 15 billion RMB (approximately US$2 billion). The firm invests in early-stage innovative technology startups through both RMB and USD funds across five focus areas, providing portfolio companies with operating experience, industry resources, and global connections beyond capital.
- Hard Tech (硬核科技) Investment Focus Investment focus area covering smart vehicles, new energy, and AI sectors. The firm invests in portfolio companies in this focus including Li Auto (NASDAQ: LI), Tuya (NYSE: TUYA), Minieye, Rokid, and others in autonomous driving, IoT, and smart hardware.
- Industrial Smart Manufacturing (工业智造) Investment Focus Investment focus area covering core components, industrial software, industrial equipment, and industrial robots. The firm invests in BITO Robotics, Zhejiang KcRobots, Hengdao Technology, and other industrial automation companies.
- Industrial Digitalization (产业数智化) Investment Focus Investment focus area covering enterprise digitalization and IT infrastructure services. The firm invests in portfolio companies including Jushuitan, Fadada, Moresec, Yunqi Technology, and others in enterprise SaaS and digital transformation.
- Healthcare Technology (医疗科技) Investment Focus Investment focus area covering digital health, medical devices, biotechnology, and consumer health. The firm invests in portfolio companies including Fourier Intelligence, Huamai Taike, NeoX Biotech, Weimai, and others in healthcare and life sciences.
- Cross-Border (跨境出海) Investment Focus Investment focus area covering fintech, smart products, and logistics for global markets. The firm invests in portfolio companies including Advance Intelligence Group, Stori, UniUni, Pebble, Fantuan, Flexport, and others in cross-border business expansion.
Quantifiable outcome
- 33 portfolio companies on Hangzhou/Zhejiang unicorn and quasi-unicorn lists (2025)
- +6 more outcomes
Companies that use Vision Plus Capital
Customer profileNamed customers33 records
Segments6 records
Ideal customer profiles6 records
Vision Plus Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Vision Plus Capital partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship, core ecosystem partner, co-marketing partner, portfolio partnership, showcase partner, industry partnership and capital markets partner.
- Startup SG EntrePass (Singapore)flagshipVision Plus Capital became a designated partner of EntrePass in April 2023, supporting foreign entrepreneurs in Singapore by providing venture capital backing and access to Singapore's tech startup community.
- Alibaba Cloud (AliCloud)core ecosystem partnerMulti-program partnership: cloud-native accelerator (June 2022), smart manufacturing accelerator (Sept 2022), low-carbon/clean tech accelerator (June 2022), and Create @ AI hackathon (June 2023). Vision Plus Capital provides investment expertise while Alibaba provides cloud infrastructure and customer access.
- Tmall (Alibaba Group)core ecosystem partnerJoint industry programs including 'Super New Brand Plan' (May 2021) to incubate 30 RMB 100M+ consumer brands, and Greater Bay Area smart appliance program (May 2022); co-branded industry events and summits.
- Jiacheng Capital (嘉程资本)co-marketing partnerCo-hosted the 'AI Hardware Open Mic' (AI 硬件开放麦) event series in April 2026 for AI hardware startups; co-branded thought leadership events.
- AutoMQ & Cloud (云器科技)portfolio partnershipEcosystem collaboration between two Vision Plus Capital portfolio companies announced in July 2025: AutoMQ (cloud-native Kafka) and Cloud (云器科技, multi-cloud data platform) formed a strategic partnership to deliver real-time data architecture solutions with claimed 60% cost reduction.
- CES (Consumer Electronics Show)showcase partnerVision Plus Capital regularly brings multiple portfolio companies to showcase at CES (Las Vegas); January 2025 and January 2026 editions featured robotics, embodied intelligence, and AR hardware portfolio companies.
- World Artificial Intelligence Conference (WAIC)showcase partnerVision Plus Capital regularly brings multiple portfolio companies to showcase at WAIC in Shanghai; July 2025 edition featured multiple AI and embodied intelligence companies.
- EqualOceanco-marketing partnerCo-hosted the 2025 GoGlobal Forum in Shenzhen (October 2025) and released the 'EqualOcean 2025 GoGlobal Investment Firms TOP 20' list recognizing Vision Plus Capital as a key Chinese globalization investment institution.
- Schaeffler-ROKAEindustry partnershipStrategic partnership in the embodied intelligence sector between Schaeffler (global automotive supplier) and ROKAE; the partnership was reported alongside other industry collaborations in Vision Plus Capital's ecosystem coverage.
- Hong Kong Stock Exchange (HKEX)capital markets partnerCapital markets partnership via portfolio IPOs; multiple Vision Plus Capital portfolio companies have listed on HKEX (Minieye, Jushuitan, Constant Technology, Volar Air Mobility) and others (Li Auto on NASDAQ, Tuya on NYSE, Stardust Robotics planned). HKEX oversubscribed RoboSense IPO by 6,700x.
Scale indicators6 records
Recent moves11 records
Expansion highlights6 records
Vision Plus Capital competitors and assessment
Company assessmentDirect peers
- Source Code Capital (源码资本): Source Code Capital is an early-stage VC investing in enterprise services, industrial digitalization, and consumer internet with RMB and USD funds. It overlaps directly with Vision Plus's industrial digitalization and cross-border focus areas and shares a comparable mid-tier AUM profile.
- Linear Capital (线性资本): Linear Capital is an early-stage Chinese VC focused on enterprise, deep tech, and frontier technology. Like Vision Plus, it concentrates on hard-tech and industrial digitalization with smaller fund sizes, making it a strong direct peer in deal size, stage, and thesis overlap.
- Qiming Venture Partners: Qiming is a tier-1 Chinese VC with dual-currency funds and strong healthcare and industrial-tech franchises, founded by former Intel and other technology executives. It is highly comparable to Vision Plus in stage (early-to-growth), sector breadth (including healthcare/medical devices and industrial digitalization), and tier-1 LP base, and shares several investment alumni networks.
- Sinovation Ventures (创新工场): Sinovation Ventures is a tech-focused early-stage VC founded by Kai-Fu Lee with strong AI, robotics, and enterprise software coverage. Comparable to Vision Plus in early-stage tech orientation and dual-currency fund structure, with overlapping bets in AI and hard tech.
- Shunwei Capital (顺为资本): Shunwei Capital is the venture firm affiliated with Xiaomi founder Lei Jun, investing early in smart hardware, IoT, AI, and cross-border consumer products. Comparable to Vision Plus in early-stage hard-tech and cross-border emphasis, with similar founder-led DNA and ecosystem-driven deal sourcing.
- Northern Light Venture Capital (北极光创投): Northern Light is an early-stage Chinese VC founded by a former Sequoia China partner, focusing on hard tech, TMT, healthcare, and clean tech. It is highly comparable to Vision Plus Capital on early-stage hard-tech investing, sector coverage, and dual-currency fund structure.
Broad incumbents
- HongShan (formerly Sequoia Capital China): HongShan is the largest China-focused venture firm split from Sequoia Capital, running dual RMB and USD funds with tens of billions under management. It is directly comparable to Vision Plus Capital on early-to-growth tech investing across consumer, enterprise, and frontier tech, but operates at substantially greater scale and brand recognition.
- Hillhouse Capital (高瓴资本): Hillhouse is a large China-focused investment firm spanning PE and VC with significant healthcare, industrial, and consumer tech exposure. Comparable to Vision Plus on healthcare/medical devices focus and RMB fund scale, but operates across both public and private markets at materially larger AUM.
- IDG Capital: IDG Capital is one of the earliest foreign-affiliated VCs in China with broad sector exposure including hard tech, healthcare, and cross-border themes. It is comparable to Vision Plus on early-stage tech investing and dual-currency capability, but at a much larger AUM and with a longer history.
- GGV Capital (now Granite Asia / Notable Capital): GGV Capital split its Asia and US operations and is a major US-China cross-border VC. It is comparable to Vision Plus on cross-border frontier-tech investing, dual-currency capability, and a partner team with prior tier-1 backgrounds (Vision Plus Partner Terry Tian is a former GGV VP).
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Vision Plus Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vision Plus Capital leadership team
Management profileNumber of profiles
Profiles1 record
Vision Plus Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vision Plus Capital M&A and investment
M&A and investmentM&A
Investments220 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vision Plus Capital
What does Vision Plus Capital do?
Vision Plus Capital is a venture capital firm founded in 2015 by Alibaba co-founder Eddie Wu that invests in early-stage technology startups through both RMB and USD dual-currency funds, with total AUM exceeding 15 billion RMB (approximately US$2 billion). The firm deploys capital across five sector focus areas—Hard Tech, Industrial Smart Manufacturing, Industrial Digitalization, Healthcare Tech, and Cross-Border—offering portfolio companies operating expertise, industry networks, and global connections alongside financial capital.
Is Vision Plus Capital a public or private company?
Vision Plus Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Vision Plus Capital founded?
Vision Plus Capital was founded in 2015. It employs 11 to 50 people.
Where is Vision Plus Capital based?
Vision Plus Capital is headquartered in Hangzhou, China, in the Asia region.
How does Vision Plus Capital make money?
One revenue line is on record: venture Capital Fund Management.
Who are Vision Plus Capital's main competitors?
Direct peers on record are Source Code Capital (源码资本), Linear Capital (线性资本), Qiming Venture Partners, Sinovation Ventures (创新工场), Shunwei Capital (顺为资本) and Northern Light Venture Capital (北极光创投). Broad incumbents are HongShan (formerly Sequoia Capital China), Hillhouse Capital (高瓴资本), IDG Capital and GGV Capital (now Granite Asia / Notable Capital).
Does Vision Plus Capital have an API?
No public API is recorded for Vision Plus Capital.
What industry is Vision Plus Capital in?
Vision Plus Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAC, Late-Stage Venture Capital (Series C+). Its NAICS code is 523940 and its SIC code is 6282.