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§ Venture Capital · Shenzhen, China
Private equity and venture capital firm investing in growth-stage companies using VC, PE growth, and PE buyout strategies.
Co-Stone Venture Capital is a private equity and venture capital firm based in Shenzhen, China, that focuses on equity investments through venture, growth, and buyout strategies. The firm manages over forty different fund types raised from internal and external capital, accumulating approximately ¥45 billion in assets under management and a total asset valuation exceeding ¥50 billion. Executing a highly selective investment strategy, the organization has backed around one hundred companies, deploying an average investment size of ¥100 million per transaction with the majority of its portfolio receiving over ¥50 million. Its portfolio spans multiple sectors including agriculture and new materials, featuring notable investments in enterprises such as WENS Foodstuff Group and Hubei Huitian New Materials. Co-Stone Venture Capital was founded in 2001 by Zhang Wei alongside a founding team that included Lin Ling, Xu Wei, and Tao Tao.
The leadership team includes Wang Qiwen, who serves as the CEO. Additionally, Wei Zhang holds the position of chairman at Co-Stone Venture Capital.
Chairman Wei Zhang has expressed skepticism regarding the investment potential of "new force" electric vehicle companies, suggesting a cautious approach to this specific sector.
Co-Stone Venture Capital is headquartered in Shenzhen, China.
The leadership team includes Wang Qiwen, who serves as the CEO. Additionally, Wei Zhang holds the position of chairman at Co-Stone Venture Capital.
Chairman Wei Zhang has expressed skepticism regarding the investment potential of "new force" electric vehicle companies, suggesting a cautious approach to this specific sector.
Co-Stone Venture Capital is headquartered in Shenzhen, China.
Co-Stone Venture Capital has 1 tracked investment across 1 company. The latest tracked deal is $14.4M Series A in Panther Technology in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 4, 2026 | Panther Technology | $14.4M Series A | CMB International Capital Corporation, Haitong Innovation Securities Investment, Shenzhen Small & Medium Enterprises Credit Financing Guarantee Group, SZ Capital | Yushan Partners |
Co-Stone Venture Capital is a private equity firm based in Shenzhen, China. The firm operates as an investment entity, deploying capital across various industries. Its primary focus is on identifying and supporting growth-stage businesses, contributing to the broader venture ecosystem in China.
The leadership team at Co-Stone Venture Capital includes key individuals such as CEO Wang Qiwen. Additionally, Wei Zhang serves as the chairman of the firm. These leaders guide the firm's strategic direction and investment decisions, leveraging their experience within the private equity and venture capital landscape.
Co-Stone Venture Capital has engaged in notable investment activities, providing capital to several companies. For instance, the firm was an investor in 万科·深潜 (Vanke Deep Dive), participating in its Series A funding round. It also contributed to the E-round funding of 凯乐士科技 (Galaxis Technology), joining a syndicate of other investors. These examples illustrate the firm's involvement in diverse sectors and its commitment to fostering innovation.
The firm's investment perspective, as articulated by Chairman Wei Zhang, includes a cautious approach to certain emerging sectors. Zhang has expressed skepticism regarding the investment potential of "new force" electric vehicle companies, indicating a selective strategy that prioritizes established or more robust business models over speculative ventures in rapidly evolving markets. This viewpoint suggests a considered evaluation process for potential portfolio companies.
As a Shenzhen-based private equity firm, Co-Stone Venture Capital plays a role in the regional investment landscape. Its activities contribute to the flow of capital for developing companies, aiding their expansion and market penetration. The firm's strategic investments and leadership insights help shape the growth trajectories of its portfolio companies and influence broader industry trends.