Lion City Capital

What Lion City Capital does

Lion Partners Capital (狮城资本), also referenced externally as Lion City Capital, is a private equity investment firm founded in 2019 and headquartered in Shanghai, China. The firm manages four comprehensive funds located in Xiamen, Guangzhou, Suzhou, and Anhui, and operates a Singapore-based subsidiary, Lion X Ventures Pte. Ltd., focused on Southeast Asian digital innovation. Its investment scope centers on growth-stage innovative enterprises in the digital economy, with explicit verticals in new-generation information technology, industrial digitization, consumer technology, advanced manufacturing, and green technology (carbon peaking/neutrality alignment). The stated strategy is "joint fund management with industrial leading enterprises," backed by Southeast Asian financial groups — most notably OCBC Bank, which serves as fund co-sponsor through OCBC Capital (Shanghai) Equity Investment Management Co., Ltd., a platform with more than 20 years of dual-currency investment management experience.

The firm's core product set comprises two investment vehicles: (1) Lion Partners Capital, the core Chinese PE entity managing four comprehensive funds and partnering with publicly listed industrial cooperation firms including Yusys Technologies (300674, fintech), Brandmax (300805, digital marketing), and HONSUN/Asian Medical (832278, healthcare); and (2) Lion X Ventures Pte. Ltd., the Singapore-based early-stage venture capital arm targeting Singapore, Malaysia, and Indonesia across new digital infrastructure, industry digitization, new media ecosystem, and ESG, with additional partners DaoCloud (cloud computing) and CalmCar (automotive AI). Underlying technology is not disclosed; the firm's value proposition is built on capital plus industrial ecosystem access rather than proprietary technology. Business model follows standard private equity economics — management fees and carried interest on funds — with distribution via direct institutional LP relationships and OCBC Bank's network. No fund size, AUM, revenue, fee schedule, or pricing details are publicly disclosed. Notable referenced prior investments include Yusys Technologies, Brandmax, Xindu Chemical, Gojek, and Nanofilm, alongside recent 2026 co-investments in Jijia Vision (B2 round) and Noumena (Pre-A round).

Name

Lion City Capital

Legal name

Lion Partners Capital (狮城资本)

Website

https://lionpartners.cn

Company type

Private

Founded year

2019

Operating status

Operating

Short description

Lion Partners Capital is a 2019-founded private equity firm headquartered in Shanghai, managing four regional Chinese funds and a Singapore venture arm (Lion X Ventures). It invests growth-stage capital into digital economy, consumer technology, and green technology companies, with OCBC Bank as co-sponsor.

Ownership category

akta.pro rank

Product category

Private Equity / Venture Capital Investment Management

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Private equity investment
• Venture capital funds
• Growth-stage investments
• Digital economy investing
• Cross-border venture capital

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Distribution channels1 record

Marketing channels2 records

Core offering

Lion City Capital (operating as Lion Partners Capital / 狮城资本) is a private equity investment firm founded in 2019 that manages four comprehensive funds located in Xiamen, Guangzhou, Suzhou, and Anhui. The firm invests in growth-stage innovative enterprises across new-generation information technology, industrial digitization, consumer technology, advanced manufacturing, and green technology, and operates Lion X Ventures Pte. Ltd. in Singapore to deploy capital into Southeast Asian digital innovation deals in Singapore, Malaysia, and Indonesia.

Product overview

Lion Partners Capital operates as a unified private equity investment platform comprising two main investment vehicles: (1) Lion Partners Capital, the core entity managing four comprehensive funds in China focused on new-generation information technology, consumer technology, and green technology investments; and (2) Lion X Ventures Pte. Ltd., its Singapore-based subsidiary targeting early-stage digital innovation investments across Southeast Asia in new digital infrastructure, industry digitization, new media ecosystem, and ESG sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Lion X Ventures: A dynamic venture capital fund partnered with OCBC Bank, promoting digital innovation in Southeast Asia, primarily investing in Singapore, Malaysia, and Indonesia across new digital infrastructure, industry digitization, new media ecosystem, and ESG.

Products and services

• Lion Partners Capital Core Funds (Xiamen, Guangzhou, Suzhou, Anhui) Four comprehensive private equity funds that invest growth-stage capital into Chinese digital economy and green technology companies, providing capital alongside industrial ecosystem resources through joint management with leading industrial partners and OCBC Bank co-sponsorship.
• Lion X Ventures Pte. Ltd. Venture capital fund vehicle operating in Singapore, Malaysia, and Indonesia that deploys early-stage capital into Southeast Asian digital innovation and ESG opportunities, backed by OCBC Bank regional network and Lion Partners' Chinese industrial partner ecosystem.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• OCBC Bank (华侨银行)coreStrategic or Co-development PartnerOCBC Bank serves as fund co-sponsor and primary financial partner. OCBC Bank is the second largest financial group in Southeast Asia. Their investment advisor OCBC Capital (Shanghai) provides equity investment experience and Southeast Asian resources from a global perspective with over 20 years of dual currency investment management experience.
• Yusys Technologies (宇信科技)coreStrategic or Co-development PartnerLeading domestic financial technology company (stock code: 300674) serving as an industrial cooperation partner for Lion Partners. They possess abundant vertical industry know-how and established in-depth resource networks in financial technology sector.
• Brandmax (电声股份)coreStrategic or Co-development PartnerDigital marketing leader (stock code: 300805) serving as an industrial cooperation partner. Contributes extensive experience and resource networks in the digital marketing sector.
• HONSUN / Asian Medical (鹿得医疗)minorStrategic or Co-development PartnerFamily health management company (stock code: 832278) serving as an industrial cooperation partner in the healthcare sector.
• DaoCloud (道客网络)minorStrategic or Co-development PartnerCloud computing technology company serving as a strategic partner for Lion X Ventures, contributing industry expertise in new digital infrastructure.
• CalmCar (天瞳威视)minorStrategic or Co-development PartnerAutomotive AI company serving as a strategic partner for Lion X Ventures, providing expertise in industry digitization and automotive technology.
• Lion X Ventures Pte. Ltd.coreStrategic or Co-development PartnerSingapore-based subsidiary of Lion Partners established to invest in Southeast Asian markets. Focuses on new digital infrastructure, industry digitization, new media ecosystem, and ESG in Singapore, Malaysia, and Indonesia.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• CDH Investments: One of China's largest alternative asset managers with PE and VC platforms across multiple sectors. Comparable to Lion Partners as a domestic Chinese PE platform, though significantly larger and more diversified across industries and geographies.
• Hillhouse Capital: One of China's largest and most established PE/VC firms with broad tech, consumer, and healthcare mandates. Comparable to Lion Partners as a China-based investment platform, but with far greater AUM, broader sector coverage, and a more diversified LP base.
• HongShan (formerly Sequoia China): Spin-off of Sequoia Capital's China operations, focused on tech and consumer growth-stage investing. Comparable to Lion Partners in digital economy / new-generation IT focus, but operates at much larger scale with global LP base.

Direct peers

• Wavemaker Partners: SEA-focused early-stage VC with offices in Singapore, Los Angeles, and Bangkok. Comparable to Lion Partners' Lion X Ventures in SEA geography and digital/startup investment focus, with overlapping interest in early-stage Southeast Asian digital innovation.
• Gobi Partners: Pan-Asian VC firm with strong presence across Southeast Asia (including Singapore, Malaysia, Indonesia, Vietnam) and China coverage. Comparable to Lion Partners via Lion X Ventures in SEA geography and digital/tech focus, with similar early-stage digital infrastructure thesis.
• 5Y Capital (formerly Morningside Venture Capital): Long-standing China-focused VC firm investing in tech and consumer growth-stage companies. Comparable to Lion Partners in growth-stage digital economy focus, with deeper venture track record and broader institutional LP relationships.
• Source Code Capital: China-focused early-to-growth stage VC investing in enterprise software, fintech, and digital economy. Comparable to Lion Partners in sector focus (digital economy, industrial digitization) and growth-stage investment approach, with similar portfolio construction in tech verticals.
• Qiming Venture Partners: Shanghai-headquartered VC firm focused on early-to-growth stage tech, healthcare, and consumer investments in China. Comparable to Lion Partners in size, China-centric focus, and tech/digital sector specialization, with similar growth-stage investment thesis.
• Sinovation Ventures: Beijing-based VC firm founded by Kai-Fu Lee, investing in early and growth-stage tech and AI companies in China. Comparable to Lion Partners in digital economy focus and growth-stage tech investing, with overlapping sector thesis in AI and enterprise tech.

Regional players

• Vertex Ventures: Singapore-headquartered VC network with Southeast Asian and US funds. Comparable to Lion Partners in SEA focus and tech/digital sector investments, with similar cross-border capabilities and Singapore operational base, though with a different origin ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lion City Capital