Why Beijing will eventually end COVID zero and the tech crackdown — Q&A with Hong Hao – The China Project

Why Beijing will eventually end COVID zero and the tech crackdown — Q&A with Hong Hao – The China Project Skip to the content Search for any China-based company Search for any China-based company UMC JCET Tencent Music Entertainment Group Xiaomi Hangzhou Miyi Technology Aerospace Hi-Tech Holding Group Alibaba (China) Network Technology Advanced Manufacturing Industry Investment Fund Phase II Anhui Anyuan Innovation Venture Capital Fund Beijing Beike Incubator Investment Qingdao Haiyingwu Equity Investment Partnership Tibet Jundu Investment Citic Securities Shenzhen Dachen Chuangtai Equity Investment Enterprise Shenzhen Dachen Chuangheng Equity Investment Enterprise Shenzhen Dachen Chuangrui Equity Investment Enterprise Zhejiang Haining Jiahui Investment Partnership Shenzhen Fortune Chuangfeng Equity Investment Enterprise Shenzhen Fortune Caixin Venture Capital Management Qingdao Jinshi Haohui Investment Zijin Zhonghao (Zhejiang) Investment Giant Investment Tonghai Capital Investment Management Shanghai Aiwu Investment Management Changzhou Bell Tower Economic Development Zone Qingfeng Industry Guidance Fund Shanghai Ivy Investment Lead Capital Management Shanghai Meihua Investment Partnership Ningbo Jingzhi Equity Investment Partnership SAMCO Shanghai Baoshan Urban Rural Construction Investment Management Shanghai Liwusheng Enterprise Group Shanghai Baoshan City Industrial Park Development Ge Wanqi Venture Capital (Hangzhou) Chinavest Shanghai Lingang Zhichang Equity Investment Fund Partnership SABIC (SHANGHAI) Trading Henkel (CHINA) China Chengtong HOLDINGS Group Limatet Fujian Xingyin Equity Investment Management Ningbo Meishan Free Trade Port Xinmei Kechuang Equity Investment Partnership Jiashan Cobit Equity Investment Partnership Meihua Anshi Investment Partnership Guizhou Financial Holding Group Co., Ltd. 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New Town Investment Group Shanghai Taiyi Investment Management Zhejiang Zhengtai New Energy Investment CHINT Group Corporation HangZhou Robam Industrial Group Co.,LTd., TAL Holding Zhejiang Cfmoto POWER Zhejiang Chint Electrics Suzhou Fangguang Phase III Venture Capital Partnership Heiner China(Shanghai)Equity Investment Fund Partnership Xi’an Xi’an Jiaotong 1897 Hong Kong Venture Capital Partnership Shenzhen Yingnuo Angel Investment Partnership Xi’an Youai Zhonghe Technology Partnership Chongqing Fuling District Songhe Zhixun Private Equity Investment Fund Partnership Changzhou Fangguang Phase III Equity Investment Partnership Will Semiconductor Limited Shenzhen Xinli Investment Shenzhen Xinneng Investment Henan Xinyuan Real Estate Forever Top Holdings Beijing Fengye Equity Investment Center Beijing Fenghuang Fuju Investment Management Center Wuhan Chaosai Business Information Consulting Partnership Yunnan Industrial Investment Group Linzhi Lichuang Information Technology Tibet Style 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Technology Co., Ltd. Zhuhai Rongying UK Equity Investment Partnership Shanghai Pro Rationale Investment Partnership Li Hsin Investment Corp. Novax Technologies, Inc. Yuanlong Investment Co., Ltd. Canaan Creative Resen Corporation Synage Technology Corporation Jendan Investment Inc. Zhuhai Jinshan Cloud Technology Linzhijinhua Investment Management Xing Long Silk Road In Gansu Great Wall Fund Guangdong Hengkuo Investment Management Shanghai Jin Jiang International Hotels Tianhua Sunshine New Energy Technology (Wuxi) Yann Yuan Investment Co., Ltd. Silicon Integrated Systems Henan Zhanxing Industrial Investment Fund Xinxin (Hongkong) Capital Co., Ltd. National IC Industry Investment Fund Phase II China Development Bank International Holdings Yoobright Investments Dongxing Securities Corporation China Hangtian Science and Industry Corporation EASHINE INTERNATIONAL National Machine Capital Holdings Tianjin Port Free Trade ZONE Investment Shaanxi Provincial Investment Group Wangtou Tongda (Beijing) Technology Guangzhou Kunpeng Kechuang No.1 Venture Capital Partnership Guangzhou Chengxing Intelligent Electric Cars Technology Fubon Life Insurance Co., Ltd. ONE PLUS LIMITED Xicha (Shenzhen) Enterprise Management Ningbo Meishan Free Trade Port Tianhong Lvheng Investment Management Partnership Shenzhen Pindao Group Pindao Holdings Hong Kong Shanghai Lingdong Trading Tibet Tianfeng Enterprise Management Wuhan Optics Valley Industrial Investment Huizhou Investment Holding Fujian Province Investment Development Group Liaoning Energy Investment (Group) Jiangsu Guoxin Investment Group China Hua Neng Group Hong Kong Hebei Construction & Investment Group China Huaneng Group Huaneng International POWER Development Corporation Jin Jiang International Holdings Fosun Group China Tourism Group National Integrated Circuit Industry Investment Fund Shenzhen Merchants Bank I Innovation and Entrepreneurship Investment Partnership BASF Venture Capital (Shanghai) Anhui Sanzhong Yichuang Industrial Development Fund Anhui Jintong New Energy Vehicle Phase II Fund Partnership Anhui Province Intelligent Voice and Artificial Intelligence Venture Capital Partnership Anglo American Business Consulting (Shanghai) Avic Electromechanical System Beijing Automotive Group Beijing Yingda Capital Management Beijing Daxing Development Guidance Fund Beijing Sevenstar Science & Technology Beijing Science and Technology Innovation Fund Beijing Hongshan Shengde Equity Investment Center China Merchants Helios Capital Management Chengdu Gaoxin Innovation Investment Chengdu Hi Tech Investment Development Beijing Senrui Material Source Enterprise Management Partnership China Securities Depository and Clearing Corporation China Investment Chongqing Chunfeng Investment Beijing Orange Leaf Investment Fund Management Beijing Zhongguancun Development Group China Automobile Capital Holding China Communications Construction Group China Merchants Wealth Asset Management Beijing Sequoia Kun Tak Investment Management Center China Financial Futures Exchange Stock Company CICC Qirong(Xiamen)Equity Investment Fund Partnership Beijing Sequoia Jianyuan Equity Investment Center China Mobile Communications Group Beijing Jing Guorui Soe Reform and Development Fund Beijing Wanguo Changan Technology Changsha Kaifu City Investment Group Beijing Sequoia Yude Equity Investment Center China Aviation Industry (Hong Kong) Beijing Sequoia Huiyuan Equity Investment Center CCB Investment Funds Management Chengdu Hi Tech Financial Holding Group Beijing Qian Xiang Tiancheng Technology Development Chengdu Yuao Enterprise Management Partnership China Electronics Investment Holding Beijing New Power Equity Investment Fund Canzhou Dingxin Huihong Equity Investment Partnership Beijing Jinchuang Junlian Investment Management Center Beijing Zhongguancun Science City New Kinetic Energy Investment Partnership Beijing Qihang Capital China Huarong Asset Management China Resources Power Holdings China Hangfa Asset Management CITIC Prudential Life Insurance Beijing Zhongji Hengrun Industrial Equity Investment Partnership Eastern Master International Beijing Zhonghengdingye Real Estate Development Jiangsu Gree Central Air Conditioning Engineering Changsha Economic Research & Development Beijing Electronics Sharesholding Deutron Electronics Corporation Hainan Yunfeng Fund Center Ivy (Changzhou) Equity Investment Management Center Hainan Jingdong Shuhong Chuangyuan Enterprise Management Consulting Partnership Chunfeng Holding Group Beijing Guiyuan Kedian Micro-Electronic Technology Beijing Jingguan Tiancen Asset Management Partnership Hainan Yunfeng Partnership Management Center （自动翻译 Taobao (China) Software Shenyang Xing Yuan Dong Automobile Component Beijing Huapin Borui Network Technology Baijiahulian Beijing RYB Children Education Technology Development Tencent Music Entertainment (Shenzhen) Guangzhou Netease Computer Systems Dongfeng Motor Corporation CASC Beijing Ideal Automobile Zhangmen Education Sinochem Holdings Beijing Kingsoft Cloud MINISO Corporation Xiaoyuan Robot Guangzhou Lizhi Network Technology Guangzhou Huaduo Network Technology China Evergrande Group MINISO Group Holding Qihoo 360 Yatsen Holding AVIC Taiyuan Iron & Steel (Group) Guotai Junan Securities Shanghai State-owned Assets Supervision and Administration Commission Hsun Chieh Investment Co., Ltd. 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Wuxi Gold Investment Pilot Industry Upgrade M & A Investment Enterprises Xiangjiang Industrial Investment Tuniu Corporation Guangzhou Railway (Group) Corporation Hangzhou Zhixin Investment Partnership Shanghai Ctrip Anji Liangshan Rural Revitalization Equity Investment Partnership Zhejiang Utry Information Technology Oceanwide Investment Wuxi TIANLIAN New Energy Development Shaanxi Private Economy High Quality Development Relief Fund Partnership Tianshui HUATIAN Electronics Group Nantong Merchants Jianghai Industry Development Fund Partnership Shanghai Peiming Enterprise Management INESA(Group) Sohu Shanghai Guosheng (Group) Siltech Semiconductor (Shanghai) CITIC Qingdao Juyuan Xinxing Equity Investment Partnership Datang Holdings China Information and Communication Technology Group Ningbo Yima Enterprise Management Partnership Zhejiang Geely Holding (Group) China Development Bank International Investment Beijing iQiyi CASIL BYD Auto BeiGene (Beijing) Beijing Pingxin Media Culture Beijing JD 36Kr Holdings Baidu (China) Qianjin Network Information Technology (Shanghai) GAIG China Petrochemical Corporation AviChina Taobao China Holding (Hong Kong) China Insurance Investment (Shenzhen) Advanced Manufacturing Investment Partnership Sequoia Kaichen (Xiamen) Equity Investment Partnership Changzhou Huake Engineering Construction Xiamen Lihang Jinzhi Equity Investment Partnership Xiamen Jin Yuan Investment Group Guangdong Guangqi Ruidian Equity Investment Partnership Sichuan Chengfei Integration Technology Changzhou Huake Science and Technology Investment Changzhou Jinsha Technology Investment Xiamen Jinyuan Industry Development Huaneng Power International WeRide miHoYo Beijing Cheetah Mobile CALB ZTO Express Shenzhen Guohong II Corporate Management Partnership Tianjin Zhanggongzi Technology Partnership Aluminum Corporation of China Tuniu ChinaCache HEYTEA Kingsoft Corporation Nayuki NEIWAI PetroChina Haiyan Ali Venture Capital Meiping Meiwu Home Furnishing China Tourism Group Duty Free 51job Fosun Pharma TCL Technology Kingsoft Cloud Holdings Alibaba Investment Limited (British Virgin Islands) China Metallurgical Group Corporation KongZhong AutoX eHi Car Services Hainan Hongbao Investment Suzhou CMC Investment Management Huatai Insurance Group Bank of Nanjing Institute of Comprehensive Utilization of Minerals, Chinese Academy of Geological Sciences Zhuhai Highland Mingying Investment Partnership Jiangsu Xinxin Retail Innovation Fund Phase II TSMC Trip.com Group Tianjin Stone Times Enterprise Management Consulting Partnership Zhongguo Life Insurance (Group) Nanjing Intelligent Aviation Research Institute Huaqin Zhonghuida (Shenzhen) Venture Capital China Reform Central Enterprises Operating(Guangzhou)Investment Fund Central Huijin Asset Management Qingyan Huaye Equity Investment Fund Partnership Xuanji Tech China Life Insurance Volitation Hangzhou Baoxuan Investment Management Zhuhai Fukunzhong Management Consulting Center Spring Airlines Shanghai Qinyuan Enterprise Management Partnership Shenzhen Damodea Investment Management Huimingjie Department of Finance of Guangdong Province Shangrao Zhuoling No. 2 Enterprise Development Center Suning Holding Enlightened Star(Tianjin)Venture Capital Center Beijing YuanTong Xinhai Zhejiang Haochao Network Technology Hangzhou Chengbao Investment Management Partnership Huawei FlyZoo Hotel Shenzhen Qianhailihe Huarui Innovation and Technology Investment Enterprise China Guizhou Maotai Wine Factory Group Beijing DaDi YuanTong Group Youdao Computer Agricultural Bank of China Hangzhou Endpoint Network Technology AEE EHang China Three Gorges Corporation (CTG) CATL Yuanfudao Taobao Jiaxing Jingneng Investment Partnership Nanjing Taobao Software Tsinghua Unigroup Ningbo Joint Innovation of New Energy Investment Management Partnership Alisoft (Shanghai) Tianfeng Tianrui Investment American Airlines Great Wall Motor Fantasia Holdings GigaDevice Xiaomi Corporation Ningbo Yide Ronghua Enterprise Management Consulting Partnership Shenzhen HuaRuixin Asset Management Incorporated Company 58.com Henan Hongbao Enterprise Management Jiangsu Hengrui Pharmaceutical Group Chengdu Gaoxin New Economy VC Shanghai Qizhan Investment Center (L.P.) Aliyun Computing Youku Film Guangzhou Tuyue Brilliance Auto Group China Eastern Airlines Group Lenovo SME Development Fund (Shenzhen) Shanghai Hexiang Culture Communication Hangzhou Junhan Equity Investment Partnership Inner Mongolia State-Owned Capital Operation Zhongjie Limited Air Dwing Kunming Huachen Investment Autel Robotics SASAC of Liaoning Provincial Government Shum Yip Group Zhejiang Yige Beauty Group Jiangsu Xindao Venture Capital Partnership Ivy (Changzhou) Equity Investment Fund Partnership Alibaba.com China Beijing Huayang Jinchen Enterprise Management Center Waterdrop Inc. Honeycomb Shenzhen Anyiyi Investment BeiGene Tianjin Alibaba Cultural Entertainment Soarability Chengdu Times Huayu Enterprise Management Center Ningbo Jundu Zhiwei Equity Investment Partnership Shenhua Energy Shanghai Xuxin Qiantai Business Management Partnership Guizhou Province Guimin Development Investment Suning Appliance China Energy Taobao Holding (Cayman Islands) Shanghai Bingjian Culture Communication Partnership FAW Group Baidu Jinko Solar Guangdong Techology Venture Capital Shanghai Quan Toodou Cultural Communication High Great ByteDance Gotion High-tech CITIC Securities Investment Hangzhou Yuan Zhan Hua Yao VC Partnership Shangrao Zhuoqun Enterprise Development Center Shenzhen Huizhi Tongtai Investment Partnership Suqian Jue Digital Enterprise Management China Railway Construction Beijing Sequoia Yiyuan Equity Investment Center Shaanxi Coal Industry Company Suqian Mingjin Chuangyuan Enterprise Management Consulting Partnership Sinopharm Industry Investment Xianyu XAG Hangzhou Ali Baba Advertising Yuxi Heyi Investment Hainan Youzhi Entertainment Taixing City Jincheng Crystal China South Industries Assets Management Right Lane Zhuhai Dayin Ruoxi Enterprise Management Center Shanghai Qinguang Enterprise Management Partnership NIO Holding Zoo Capital I (HK) Beijing Haochao E-commerce Zhejiang Zhile Network China Pacific Life Insurance Shanghai Qinbei Enterprise Management Partnership CES Financial Holdings Geely Auto Beijing Zhongbei Meng Investment Center Shanghai Xingdian Enterprise Management Center ZTE Hi Sun Technology (China) Xiamen Weili Enterprise Management Consulting Partnership Zhuhai Hengqin Qianyuan Zhong Ding Equity Investment Partnership Shanghai Fengrui Investment Center Zhoushan Qingtai Equity Investment Partnership Shanghai Xiaoxun Information Technology Service Center Hangzhou Alibaba Taize Information Technology Shenzhen Huihuiyuan Investment Luzhou Huizhuo Enterprise Management Partnership Nanjing Turing Phase I Venture Capital Partnership Beijing Shiji Youhao Education Investment Longjing Industrial Group One Group DAMODA Manner Coffee XPeng MissFresh National Council for Social Security Fund Li-Ning Jifeng Enterprise Management Consulting (Shanghai) Zhejiang Maoxiang E-commerce Lianyungang Financial Holding Group iQiyi Qingdao Youwo Investment Partnership China Cinda (HK) Asset Management Midea JD Technology Baoding Chuangxin Great Wall Asset Management Genki Forest Shenzhen Daohe Zhiben Information Consulting Zhuhai Naheng Equity Investment Partnership China Great Wall AMC (International) Holdings Horgos Dingyue Kexin Equity Investment Tonghai Holdings Beijing Dansheng Investment Fund Fund T3 Travel Guangzhou Kugou Technology Wenzhou Tixin Phase III Equity Investment Fuzhou Economic and Technological Development Zone-Xingrui Hesheng Equity Investment Partnership Hefei Zhihai Flight Enterprise Management Partnership China Development Bank Haier Electric Appliances Internation Talent Trend Investment Liaoning Provincial Council of Social Security Fund (Industrial Venture Capital Guiding Fund Management Center) Suzhou Industrial Park Qiming Rongke Equity Investment Partnership Kuaishou SMD Hangzhou Cainiao Supply Chain Management Chang’an Automobile Zhejiang Alibaba Communication Technology Hubei Geely Terrafugia Company Shenzhen Zhongqi Haoze Enterprise Management Consulting China National Pharmaceutical Investment Ningbo Jundu Jinghong Equity Investment Shanghai Qinduo Enterprise Management Partnership Alibaba Cloud Computing (Chongqing) China Railway Group (CREC) Guangzhou Nanqing Investment Partnership Shenzhen Daohe Zhixin Information Consulting BAIC BluePark New Energy China Construction Bank (CCB) Huizhou Yiwei Industrial Baidu (Hong Kong) Foxconn Industrial Internet Xi’an Lingnuo Investment Partnership LONGi Suqian Boda Heneng Fund Management Partnership Guangzhou Shein International Import & Export PAX Technology China Great Wall Asset Management SJAI Beijing Pingfeng Kangtai Technology Huarong Huitong Asset Management Guangdong Oppo Electronics Industry Tianjin Qixin Technology Qingdao Bosentai Investment Partnership Tibet Hongshang Capital Investment Shenzhen Daohe Zhibo Information Consulting Zhejiang Maojing Artificial Intelligence Technology Beijing Alibaba Cloud Computing Technology Shanghai Qinxun Enterprise Management Partnership GAC Group Changzhou Yuxi Venture Capital Partnership Shanghai Guoxin Venture Investment Zhuhai Technology Venture Investment Shanghai Aowen 2 VC LP Ningbo Meishan Free Trade Port Borui Ronghe Investment Partnership Beijing Sequoia Xinyuan Equity Investment Center China State-Owned Enterprise Structural Adjustment Fund Chicecream Zhuhai Shengfei Technology Investment Partnership Xinyu Taiyi Investment Management Center TAL Shanghai International Group Hangzhou Junao Equity Investment Partnership Shanghai Aoqin Telecom Technology Guangzhou Municipal Government Qingdao Haichuangzhi Management Consulting Enterprise Yunnan Hehe (Group) Ningbo Bonded Zone Fengshang Guanmiao Equity Investment Partnership DJI Roborock NIO IceKredit Tibet Dayuan Enterprise Management Beijing Youku Technology Tianjin Xin Sheng New Equity Qingdao Haier Venture Capital Consulting Grepow Alibaba Cloud Computing (Zhangbei) Shanghai Leyi Venture Capital Center Capital Airports Holding (CAH) Muyuan Industrial Group Qingdao Kexin Yongsheng Equity Investment Partnership Jingning Benli Daosheng Data Technology Yuxi Heli Investment Suning.com Ningbo Meishan Free Trade Port Baishan Investment Management Partnership Shenzhen Zhongzhi Investment Environmental Protection Investment Partnership Shenzhen Tongyuan Hechuang Investment Beijing Baidu Netcom Science and Technology Zhuhai Gaoxin Angel Venture Capital Wutong Tree Investment Platform China International Capital Corporation Hong Kong Securities Guangzhou Yuexiu Chuangda No.9 Industrial Investment Partnership Haier Group Tmall China National Petroleum Corporation Xianghe Business Consulting (Beijing) Hainan Yunfeng Tuohai Fund Center (Limited Partnership) Changsha Lingxin Industry Investment Partnership Pinduoduo Luckin Coffee (China) Suqian Donghe Shengrong Equity Investment Center Hunan Caixin Jingjin Equity Investment Partnership Shangrao Zhuoling Enterprise Development Center GDU Yunnan Energy China Grains and Oils Group Gongqingcheng Yunjing Investment Partnership Suzhou Aurora Borealis Zhengyuan VC Partnership Zhuhai Guangkong Zhongying No.1 Industrial Investment Center Zhuhai Xinran Consulting Management Tianjin Chuanyou Network Technology Partnership Shanghai Junyao (Group) Chongqing Contemporary Gravel Industrial Development Jiankun Group Beijing Dayu Happy Culture Media Image Frame Investment (HK) NetEase Youku Ingenuity (Zhejiang) Culture Communication Alibaba Cultural Entertainment Beijing Huayi Huilong Network Technology Hangzhou Air Race Investment Partnership Shenzhen Unicorn Investment Partnership Hangzhou Ali Technology China National Tobacco Corporation Shaoxing Weihao Equity Investment Fund Partnership Nantong Haochao E-commerce DingTalk Technology Shanghai Qihong Investment Center (L.P.) China Xinda Asset Management Tianjin Confidence Romance Equity Investment Partnership Fanhai Group China National Aviation Fuel Group Shenzhen Longzhu Equity Investment Fund Partnership China Guoxin Holding Qingdao Rongtong Minhe Investment Center Shanghai Ruichong Investment Shanghai Haiyan Investment & Management Jiaxing Huaqing Gingko Howei Equity Investment Partnership Shenzhen Huaruixin Vision Innovation Investment Enterprise Beijing Great Wall Yuanhe Equity Investment Enterprise Guangzhou Haochao E-commerce FOiA Drone Shenzhen Litong Industrial Investment Fund Brilliance China Beijing Tianjiao Yingchuang Technology Center Tianjin Yuanmiao People Management Consulting Partnership Shanghai Guohe Phase II Modern Service Industry Equity Investment Fund Partnership Arcfox Beijing Cheetah Network Science and Technolgy Wuxi Qingyuan Innovation VC Partnership XNW Shanghai Ding Hui Jia Ling Investment Center Gree Group Hunan Nantian Group Heyi (Shanghai) Investment Consulting CITIC Group China Post Wuhan Chuanyun Management Consulting Partnership SAIC Motor Hangzhou Alibaba Venture Capital Management Tianjin Golden Rice Investment Partnership China Eastern Airlines Luxshare Precision INNNO Beijing Qingyuan Chuangxin Investment Management Alibaba Cloud Computing (Hainan) Jiaxing Haowei Equity Investment Partnership Guangzhou Dongben Investment Partnership Guojin Chuangfu Blockchain (Shenzhen) Shenzhen Evolution Investment Partnership Changsha Qunxin Investment Consulting Rongjie Group Shenzhen Zhanbo Venture Investment Partnership Changzhou Qingyuan Innovation VC Partnership Ganfeng Lithium Zhejiang Tmall Technology Beijing Quansheng Zhongzhi Technology Center Ping An Insurance (Group) Protek (SHANGHAI) Zhejiang Shufeng Technology Humanwell Healthcare (Group) Foshan Electrical and Lighting Guangzhou Dongjing Computer Technology Missfresh HK Tiantu VC I Hangzhou Laifeng Technology Shenzhen Cat Factory Small Partner Information Technology Partnership AutoFlight Wuhan Tianying Investment Group Suzhou Qiming Rongxin Equity Investment Partnership JD Health State Grid Corporation of China (SGCC) Shanghai Aohua VC Partnership Hebei Port Group Zhuhai Mingjun Investment Partnership HSBC Volkswagen (CHINA) Investment Company Zhifu (Shanghai) Investment Center (L.P.) Shenzhen Alicloud Computing Technology Suzhou Chinese Culture Investment Center Yiwu Newmargin Ventures Equity Investment Partnership Shenzhen Zhineng Jiaxuan Investment Partnership Shanghai Jidao Airlines Enterprise Management Lens Technology (HK) Sichuan Geology Mine Products Group neo Meituan Lens Technology Huobi Guangdong Saiman Investment Dazi Yanyue Management Consulting Hubei Yangtze River Zhaoyin Power Investment Partnership Zhejiang Yiding Orange Network Technology Sequoia Jiachen (Xiamen) Equity Investment Partnership MicroMultiCopter Innovation & Technology Manbang Group EVE Bank of China WillSemi Nanjing GuoXuan Holding Group Nanjing Weisi Jiehe Equity Investment Fund Partnership Zhejiang Tmall Supply Chain Management Shanghai Zhongfu Equity Investment Management Center (L.P.) Ningxia Huaruixin Venture Capital Ant Group Zuoyebang Shanghai Qiming Business Management Partnership Alibaba (Hainan) Digital Entertainment Jin Jiang Capital Golden Brick Road (Yinchuan) Equity Investment Partnership Hangzhou Youku Culture and Entertainment Baowu Group State Grid Yingda Group Sinopharm Group Yuanmu Holding Simcare Alibaba Lirengou (Shanghai) E-commerce Beijing Crystal Stream Growth Venture Capital Center Zhongxingxin Telecom Equipment Zhongxin Incubator Investment China Southern Airlines Muyuan Foods Shenzhen Huawei Investment & Holding Geneinno Beijing Capital One Investment Center Shenghe Resources Holding Binance Suning Finance China Oceanwide Futu Holdings Zhejiang Alibaba Cloud Computing Shanghai Yousu Investment Management Haier FAW Equity Investment Guohong Jiaxin(Shenzhen)Angel Venture Capital Enterprise China National Pharmaceutical Group Northern Light Hongyuan VC Partnership Intel Products (Chengdu) Central Huijin Investment China Northern Rare Earth (Group) Zhejiang Dongyang Tianshi Culture Communication Beijing Smart Cloud Technology Service Sichuan Giant Star Enterprise Group Guangzhou Alicloud Computing Application Technology Ningbo Meishan Free Trade Port Ruiting Investment Hainan Heredity of Investment Baotou Steel Hangzhou Alibaba Network Technology Beijing Wanglintong Information Technology Beijing Sequoia Hongde Equity Investment Center Modern Land ICBC (Shenzhen) Equity Investment Fund Partnership China National Investment&Guaranty Corporation Bitalltech Midea Holdings Alliance Creation (Hong Kong) Shangrao Runjia Enterprise Management Development Center Dongguan Jianqiao Phase IV Advanced Manufacturing Investment Partnership Shenzhen GE’s Business Management Partnership Shanghai Licheng Information Technology Consulting Li Rong Development Hangzhou Yunchi Venture Capital Partnership China Railway Engineering Corporation China Orient Asset Management Shanghai Petrochemical Shenzhen Daohe Intelligent Nuclear Information Consulting Beijing Jingguan Investment Center (L.P.) Beijing Zhongguancun Development Qihang Innovation Investment Fund Codemao China Yangtze Power Guangzhou Lingxi Games Information Technology Haier Group (Qingdao) Finance Holding Shenzhen Zhongshen Xinchuang Equity Investment Partnership Hangzhou Taizhiyou Venture Investment Partnership Chinalink Asia Holdings Shenzhen Shunfeng Investment Tencent Hangzhou Tongxin Network Technology Alibaba.com Investment Holding CMC Inc. 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