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§ Venture Capital · Beijing, Beijing, China
Corporate venture capital arm of 58 Group, investing in early- and mid-stage companies across diversified sectors in China.
58 Shenqi Capital operates as the dedicated venture capital arm of 58 Group, strategically investing in early and middle-stage companies across burgeoning sectors. The firm primarily targets new services, education, training, county economics, and technological innovation, providing capital and guidance to promising ventures. Its approach leverages the market insights and ecosystem of its parent.
Formed in 2018 by 58 Group, a major Chinese online classifieds and local services platform, Shenqi Capital emerged from the strategic insight to invest in companies synergistic with its parent's expansive ecosystem. This corporate venture arm aims to broaden 58 Group's influence and foster innovation in related sectors, providing capital and expertise. Its establishment reflects a proactive strategy for growth.
The firm actively partners with founders leading companies in its focus areas, serving as a key growth catalyst. Shenqi Capital's vision centers on building a robust portfolio that enhances the market landscape, driving progress and value within its chosen segments. It seeks to shape the future of these industries through targeted investments, supporting next-generation businesses for long-term impact.
58 Shenqi Capital has 2 tracked investments across 2 companies. The latest tracked deal is $20.9M Series B Extension in INMO Glass in August 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 18, 2025 | INMO Glass | $20.9M Series B Extension | — | — |
| Nov 30, 2023 | Interhouse.cn | $14.0M Series B | — | BlueRun Ventures |