About Fancheng Holdings
Fancheng Holdings is a venture capital firm founded in 2016. It is primarily based out of Hangzhou, China. As of Aug 2018, Fancheng Holdings has invested in 36 companies. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from Consumer to FinTech and Retail. Most recently it participated in the $***** Seed round of Coin plus Overall, Fancheng Holdings portfolio has seen 2 unicorns, 8 IPOs and 3 acquisitions including key companies like DiDi, Binance and Tiger Brokers. A lot of funds co-invest with Fancheng Holdings, with names like Sequoia Capital sharing a substantial percentage of its portfolio. Fancheng Holdings has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Fancheng Holdings' List of Top Investments
Fancheng Holdings has a portfolio of 36 companies, including 2 unicorns. Their most notable investments are in Binance and Fangcloud.Their portfolio spans across China, United States, Seychelles and 1 more locations. They have invested in Consumer, FinTech, Retail and 22 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Fancheng Holdings:
1. DiDi
AI-enabled platform for ride-hailing and on-demand services. The platform enables various services for ride-hailing, food delivery, bike-sharing, payment solutions, and more. It also offers various solutions including autonomous driving, traffic management, driver safety management, and more.
Key facts about DiDi
- Founded Year: 2012
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $20.8B
- Employee Count: 34,787 as on Jul 31, 2026
- Investors: 2020 Ventures, Silver Lake and 96 Others
- Latest Funding Round: Post IPO, Oct 12, 2023, $*****
- Highlight: Public
2. Binance
Online exchange platform for cryptocurrency. It allows users to buy, sell, and trade digital assets through multi-lingual solutions. It offers APIs, web-based, and app-based devices to access trading platforms for investing in cryptocurrencies. It also, features news articles, blogs, and discussion forums to assist new users. It enables users to track crypto live prices, explore new cryptocurrencies, and discover top gaining cryptos or top losing cryptocurrencies directly on the platform.
Key facts about Binance
- Founded Year: 2017
- Location: Abu Dhabi (United Arab Emirates)
- Stage: Series C
- Total Funding till date: $2.02B
- Employee Count: 14,573 as on Jul 31, 2026
- Investors: Sequoia Capital, Fiparin and 43 Others
- Latest Funding Round: Series C, Mar 12, 2025, $*****
- Highlight: Editors' Pick
3. ByteDance
Developer of platforms for content creation, discovery, and mobile entertainment. The company provides tools and services that enable users to connect, create, and consume digital content. It offers a suite of products focused on short-form mobile videos and other forms of digital media. The company’s platforms facilitate content sharing and engagement for a global audience.
Key facts about ByteDance
- Founded Year: 2012
- Location: Beijing (China)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $6.11B
- Employee Count: 47,593 as on Mar 31, 2026
- Investors: Goldman Sachs, All Blue Capital and 66 Others
- Latest Funding Round: Series E, Nov 27, 2019, $*****
- Highlight: Editors' Pick
Online trading platform for stocks and securities. It is an online platform for stocks, securities, ETFs, futures, warrants, and options. It allows users to buy, sell, and trade multiple assets through app-based trading platforms. Features economic calendar, stock pricing lists, news updates, and trading tools for developing investment strategies. Also, provides guidance and coaching for new brokers.
Key facts about Tiger Brokers
- Founded Year: 2014
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $139M
- Employee Count: 635 as on Jul 31, 2026
- Investors: China Renaissance Group, Oceanpine Capital and 17 Others
- Latest Funding Round: Post IPO, Apr 05, 2021, $*****
- Highlight: Public
5. IQiyi
Subscription-based streaming platform. It is an online streaming platform offering dramas, anime, movies, and shows, with options for subtitles and dubbing across mobile, web, desktop, and TV devices.
Key facts about IQiyi
- Founded Year: 2010
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $2.04B
- Employee Count: 3,365 as on Jul 31, 2026
- Investors: 2020 Ventures, JANA Partners and 20 Others
- Latest Funding Round: Post IPO, Aug 30, 2022, $*****
- Highlight: Public
Fancheng Holdings' Year-on-Year Investment Trends
Fancheng Holdings has invested in 36 companies over the last 10 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Coin plus and most recent follow-on round was in Force Code Technology.Fancheng Holdings' Investments by Stage
Fancheng Holdings has made 2 investments in Series A stage with an average round size of $9.2M, 1 investment in Seed stage and 1 investment in Series B stage with an average round size of $474M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Seed | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Fancheng Holdings' Investments by Sector
Fancheng Holdings has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Blockchain Technology, FinTech, Auto Tech and Energy Tech. Notably, it has invested in 23 Tech companies, 17 Consumer (B2C) companies, 13 Enterprise (B2B) companies and at least 12 companies focusing on Software.Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 2 |
Blockchain Technology | 2 |
FinTech | 2 |
Auto Tech | 1 |
Energy Tech | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Fancheng Holdings' Investments by Geography
Fancheng Holdings has made most investments in China (3), followed by United Arab Emirates where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 3 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
Fancheng Holdings' recent investments
Fancheng Holdings has not made any investment in 2026 so far.Here are the most recent investments by Fancheng Holdings:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 03, 2018 | China | Seed | 5348 | [+1] | |
Mar 22, 2018 | China | Series B | 9261 | [+5] | |
Jan 09, 2017 | United Arab Emirates | Series A | 6994 | [+2] | |
Nov 21, 2016 | China | Series A | 5162 | [+2] | |
- | China | Series A | 5475 | [+1] |
Unicorns in Fancheng Holdings' Portfolio
Fancheng Holdings has 2 unicorns in its portfolio - Binance and 51 Credit Card. The most recent unicorn in their portfolio is Binance. It became a unicorn in 2025, 8 years after Fancheng Holdings first invested in it.Here is a list of unicorns in Fancheng Holdings' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Online exchange platform for cryptocurrency | 2017 | Abu Dhabi | Series C | hd{tyhp | ||
49 | Credit card bill management tool for consumers | 2012 | Hangzhou | Series C | wdvmkoz |
IPOs and Publicly Listed companies in Fancheng Holdings' Portfolio
8 of Fancheng Holdings' portfolio companies have become public. Beijing Xunzhong Communication Technology got listed on the Hong Kong Exchanges (HKG), in Jul 2025 at marketcap of $210M and DiDi got listed on the New York Stock Exchange (NYSE) at marketcap of $15.2B.Here are Fancheng Holdings' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 09, 2025 | - | - | 2006 | |
Jun 30, 2021 | - | - | 6039 | |
Aug 03, 2020 | - | - | 5539 | |
Mar 20, 2019 | - | - | 3713 | |
Mar 29, 2018 | - | - | 4751 |
Acquired companies in Fancheng Holdings' Portfolio
3 companies from Fancheng Holdings' portfolio have been acquired. The most recent acquisition was Xinchao Media in Apr 2025 by Focus Media for $*****.Here are Fancheng Holdings' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 13, 2025 | - | - | 2597 | |
Aug 12, 2020 | - | - | 4358 | |
Apr 21, 2020 | Nov 21, 2016 | Series A | 7328 |
Team profile of Fancheng Holdings
Fancheng Holdings has a team of 1 member located in China. Fancheng Holdings' team does not sit on the board of any company as of now.Co-investors of Fancheng Holdings
Over the past 10 years, 22 investors have co-invested in Fancheng Holdings's portfolio companies. This includes funds and angels.
- Invested before Fancheng Holdings: China Taiping Insurance Group, Ping An and 5 others have invested in rounds before Fancheng Holdings. There is 1 company where China Taiping Insurance Group has invested before Fancheng Holdings and 1 company where Ping An has invested before Fancheng Holdings.
- Top Co-investors of Fancheng Holdings: 11 investors entered a company along with Fancheng Holdings. These include investors like Sequoia Capital (1 company).
- Invested after Fancheng Holdings: A total of 4 investors have invested in Fancheng Holdings's portfolio after their investments. Top Investors include Vertex Ventures (1 company), MGX (1 company) and JD Cloud (1 company).
Recent News related to Fancheng Holdings
•
Chinese EV maker CHJ seeks to raise up to $500 mln in growth push: SourcesIndiatimes•Apr 30, 2019•WM Motor, Baidu, Linear Venture, Shanxi Taihang Industrial Investment Fund Management and 8 others
•
CHJ raises RMB 3 billion in Series B round, to build JV with DidiGasgoo.com•Mar 22, 2018•CHJ Automotive, Shougang Fund, Matrix Partners China, Yintai Group and 4 others
