5Y Capital () is a

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

-based

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm founded in 2008. It was previously known as Morningside Venture Capital before it rebranded in October 2020.

Background

5Y Capital was founded in 2008 by Ken Shi and Richard Liu under the name, Morningside Venture Capital. Prior to founding the firm, Liu and Shi worked as

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

professionals at the Morningside Group, a family office founded in 1986 by

Gerald Chan Gerald L. Chan (; born 1950/1951) is an American billionaire and the brother of fellow billionaire Ronnie Chan. They run the Hang Lung Group. Early life and education Gerald Chan is the son of T.H. Chan. He received a bachelor of science and ...

and his family. The Chan family currently runs the

Hang Lung Group Hang Lung Group is an investment holding company that engages in property development for sales and leasing, as well as management of car parks, properties, and dry cleaning businesses. Its subsidiary Hang Lung Properties is one of the largest pr ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

. As a gesture of support, Morningside Group authorized the firm to use the ‘Morningside’ brand in its operations as well as being a key investor in the firm. In October 2020, the firm rebranded to 5Y Capital. The name comes from 'Wuyuan Road' which is the street where the firm has been headquartered since its inception. 5Y Capital focuses on early-stage venture investments in different sectors. 5Y Capital is headquartered in Shanghai with additional offices in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

, and

Funds

Notable Investments

Xiaomi Corporation (; ), commonly known as Xiaomi and registered as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. Behind Samsung, it is the second largest ma ...

Kuaishou Kuaishou ( zh, c=快手, l=quick hand) is a users short video-sharing mobile app, a social network, and video special effects editor, based in Haidian District (Beijing), developed in 2011 by Beijing Kuaishou Technology, by engineers Hua Su (宿� ...

Xpeng Guangzhou Xiaopeng Motors Technology Co Ltd (), doing business as XPeng Motors (), commonly known as XPeng, is a Chinese electric vehicle manufacturer. The company is headquartered in Guangzhou, Guangdong, with offices in Mountain View, Califor ...

Sohu Sohu, Inc. () is a Chinese Internet company headquartered in the Sohu Internet Plaza in Haidian District, Beijing. Sohu and its subsidiaries offer advertising, a search engine (Sogou.com), on-line multiplayer gaming (ChangYou.com) and other ser ...

Trip.com Trip.com is an international online travel agency. The website is owned by Trip.com Group (formerly Ctrip.com International, Ltd. in China), one of the world's largest online travel agencies with over 400 million users worldwide, and also the par ...

YY.com YY is a major Chinese video-based social network, a subsidiary of JOYY. It has over 300 million users. It features a virtual currency which users earn through activities such as karaoke or creating tutorial videos and which is later converted t ...

Huya Live Huya Live ( zh, s=虎牙直播, p=Hǔyá Zhíbò) is a Chinese video live streaming service. The site is one of the largest of its kind in China, and also operates globally as Nimo TV. Similar to other streaming services like Loco, the site prim ...

Xunlei Xunlei Limited () is a Chinese multinational technology company and an online service provider founded in 2003. The subsidiary of Xunlei Limited, Shenzhen Xunlei Networking Technologies, Co., Ltd. () was formerly known as Sandai Technologies (She ...

WPS Office WPS Office (an acronym for Writer, Presentation and Spreadsheets, previously known as Kingsoft Office) is an office suite for Microsoft Windows, macOS, Linux, iOS, Android, and HarmonyOS developed by Zhuhai-based Chinese software developer Kin ...

Sensetime SenseTime () is a Hong Kong-headquartered artificial intelligence company with offices in China, Indonesia, Japan, South Korea, Macau, Malaysia, the Philippines, Saudi Arabia, Singapore, Taiwan, Thailand and the United Arab Emirates. The compa ...

Phoenix Television Phoenix Television is a majority state-owned television network that offers Mandarin and Cantonese-language channels that serve mainland China, Hong Kong, Macau and other markets with substantial Chinese-language viewers. It is operated by P ...

UCWeb UCWeb Inc. (also known as UC Mobile) is a Chinese mobile Internet company that offers products and services including mobile browser, UC News, and search. Its flagship product, UC Browser, topped the Chinese, Indonesian and Indian markets in 20 ...

* Musical.ly *

Keep A keep (from the Middle English ''kype'') is a type of fortified tower built within castles during the Middle Ages by European nobility. Scholars have debated the scope of the word ''keep'', but usually consider it to refer to large towers in c ...

Xiaozhu Xiaozhu () is a consumer-to-consumer short-term home and apartment rental platform based in Beijing, China. The company was founded by Kelvin Chen Chi, a doctor from Chengdu, in 2012. As of 2018, Xiaozhu had an approximately 21.6% market share am ...

Redcore Redcore ( zh, s=红芯浏览器, l=red core browser)Official website: , where it shows that the browser is named "Redcore Browser" ( zh, 红芯浏览器), and the browser engine is "Redcore" ( zh, 红芯内核) is a web browser developed by Chinese ...

Kunlun Fight Kunlun Fight (KLF) (Chinese: 昆仑决; pinyin: Kūnlún Jué), is a kickboxing promotion headquartered in Beijing, China. It debuted in 2014 and is regarded as one of the top kickboxing promotions in the world. Events are broadcast on Jiangsu Te ...

ShareChat ShareChat is an Indian social media platform, owned by Bangalore-based Mohalla Tech Pvt Ltd. It was founded by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, and incorporated on 8 January 2015. ShareChat has over 400 million monthly activ ...

Pony.ai Pony.ai is an autonomous vehicle technology company co-located in Silicon Valley, Beijing, and Guangzhou. History The company was founded in December 2016 by James Peng and Tiancheng Lou who were formerly developers for Baidu in Silicon Valle ...

References

External links

Official Website
{{authority control Chinese companies established in 2008 Financial services companies established in 2008 Investment management companies of China Venture capital firms of China