Huasheng Capital

Huasheng Capital is a Shanghai, China-based venture capital firm specializing in growth-stage technology startups, with a focus on hard technology sectors such as semiconductors, new energy vehicles, and artificial intelligence. The firm employs a selective investment strategy, reviewing over 1,000 projects annually and maintaining an investment ratio of approximately 5‰, targeting undervalued "dark horse" projects with high potential. Huasheng Capital manages billions of dollars in funds, emphasizing long-term investment cycles and precise exits to generate returns. Notable investments include Zhaoyi Innovation, which achieved a market value of 140 billion following its 2016 share listing, demonstrating the firm's ability to identify successful ventures. Founding partner Yang Lei, known for his "sniper" approach in hard tech investing, has guided the firm since its establishment around 2010.