SPECIALTY

SPECIALIZATION

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Healthcare

Invest throughout the entire healthcare cycle, covering global therapeutics, diagnostics, and healthcare services with a unique China angle.

Focus on healthcare companies that tap into the unmet clinical demand with clinically validated Proof-of-Concept, products and solutions and favourable economics. The management of these companies must demonstrate excellent capabilities in terms of R&D, clinical as well as commercial knowledge. 

Identify leaders who leverage technology to create value in their targeted industries with solid track records and clear business vision to grow their companies.

Leading players with potential to be the next “unicorn” in the competitive market, with resilient management teams, attractive unit economics and business models.

Deep Tech

Identify companies with disruptive IP-protected technology in the post-PoC stage, and are validated by reputable strategic investors. They should also fall within the core sectors in our own eco-system.

Deep Tech

Keyssa

A leader in high speed contactless connectivity in the US

Pony.AI

An integrated AI solution provider for Level 4 autonomous driving solutions in both US and China

Souche

A leader in automobile new retail and new services in China

TalkingData

One of the largest independent big data platforms in China

Ucloud

A leading cloud computing service platform in China

CrossBar

A leading fabless high-density Resistive Non-volatile Memory (ReRAM) company with rapid commercialization in the US

CiDi

A leading autonomous driving and internet of vehicles company

Tech and Consumer

Leqee

One of the largest e-commerce service providers in China

Meicai

A leading B2B online food distribution provider to small-medium restaurants in China

Zhangmen

A leading online 1-on-1 after-school tutoring platform in China

Youdao

A leading online education platform in China (a subsidiary of NetEase)

Auto1 Group

A leading digital automotive platform in Europe

Renrui

A Hong Kong listed HR solutions service provider in China

PP Dai

A peer-to-peer online lending services to individuals in China (now FinVolution Group, FINV:US)

Ding Dong

A fast growing fresh grocery e-commerce player in China

MediHeal

A leading mass market cosmetics company in Korea

Healthcare

KingMed

The largest independent clinical laboratory platform in China

Pharmaron

A Hong Kong and China listed R&D service provider for life sciences industry

Zhaoke Ophthalmology

An ophthalmic specialized pharmaceutical company with a range of portfolio covering both anterior and posterior indications

CHIVD

A leading IVD company in China with next-generation diagnostic technology platform

Profusa

A biotech company which focuses on developing biocompatible sensors to measure different body analytes in the US

WindTree

A US-listed biopharmaceutical company with specialization in novel therapeutics

GamidaCell

A US-listed clinical-stage cell therapy company which focuses on developing cell therapies to cure blood cancers and serious hematologic diseases

IMAB

A US-listed clinical-stage biopharmaceutical company which focuses on developing novel and highly differentiated biologics for cancer treatment

New Horizon Health

A leading molecular diagnostic company which focuses on early cancer detection in China

The above only shows selected portfolio companies VMS invested in.