Gaorong Capital

Gaorong Capital, formerly known as Banyan Capital, is a Beijing-based venture capital firm established in 2014. The firm focuses on early and growth-stage investments in the Technology, Media, and Telecommunications (TMT) sectors, including artificial intelligence and frontier technologies. Gaorong Capital manages multiple funds with a total commitment of approximately $1.7 billion, attracting investors such as top U.S. university endowments, renowned family offices, sovereign wealth funds, and prominent fund-of-funds.

The firm's investment strategy emphasizes supporting entrepreneurs to drive meaningful changes in industries, society, and daily life. Gaorong Capital positions itself as an ideal business partner for exceptional entrepreneurs, aiming to build long-term excellence through a mentality of entrepreneurship. The firm's value system, represented by the acronym 'OPEN'—Outstanding, Partnership, Entrepreneurship, and Network—guides its approach to fostering strong relationships and mutual alignment with portfolio companies.

Notable investments by Gaorong Capital include Xiaomi, Meituan, and Pinduoduo, reflecting its commitment to backing innovative companies with significant growth potential in the Chinese market. The firm's track record demonstrates a focus on identifying and nurturing high-quality entrepreneurs and teams, contributing to the development and success of leading technology companies in China.