Fortune Venture Capital

Fortune Venture Capital, known in Chinese as Dachen Caizhi, is one of China's earliest and most established state-backed venture capital firms, founded on April 19, 2000 by Liu Zhou in Shenzhen. Owned by Hunan TV & Broadcast Intermediary Co Ltd, part of the Hunan Broadcasting System, Fortune VC has grown to manage approximately US$7 billion in assets as of 2023. The firm operates three major headquarters in Shenzhen, Beijing, and East China, with branch offices across 21 economic center cities throughout the country. Fortune VC has invested in over 730 companies, achieving 278 successful exits, including 142 listed enterprises and 103 companies listed on China's New Third Board. Notable portfolio companies include Aier Eye Hospital, one of China's largest eye hospital chains; CanSino Biologics, a major COVID-19 vaccine developer; BlueFocus Communication Group, a leading digital marketing company; and Wangsu Science & Technology, a CDN services provider. The firm also backed Dingdong Maicai, an online grocery delivery platform. Investment focus spans information technology, intelligent manufacturing, medical health, enterprise services, cultural media, and military-industrial sectors. The firm leads rounds and invests from early creation through mature company stages. Chairman Liu Zhou is known for an exceptionally rigorous due diligence process: before any investment, the firm meets more than 90 percent of target company shareholders and management, examines at least seven internal departments, meets at least four clients, and investigates at least three competitors. This methodical approach, sustained across 25 years and hundreds of investments, has made Fortune VC one of the most successful venture franchises in Chinese technology history.