Hongtai Fund was co-founded in 2014 by Minhong Yu, founder of New Oriental, and Xitai Sheng, the first chairman of Huatai United Securities. At the time of this profile, it managed more than RMB30 billion, investing in five areas: information technology, advanced manufacturing, pharmaceuticals and healthcare, new energy and materials, and new consumer businesses.
With a rigorous investment-research system, focused investment strategy and experienced team, Hongtai Fund has received broad recognition and was selected as a Class A private equity fund manager by the Insurance Asset Management Association of China. Investors in its managed funds include national funds of funds, major financial institutions and market-based funds of funds: China Structural Reform Fund, the National Manufacturing Transformation and Upgrading Fund, Guoxin Guotong Fund, Industrial Bank, New China Life Insurance, China Everbright Limited, Kaiyuan Guochuang, Qianhai Fund of Funds and Gopher Asset Management, among others.
The profile reports investments in nearly 300 projects. Examples include Deepinfar, Nreal (Tairuo Technology), Orbbec, Moore Threads, COSMOPlat, UISEE, Changli New Materials, SPIC Hydrogen Energy, Guoxing Aerospace, Qingdao Qinghe, Keytop, AiFi, FaceUnity, Keshi Optical, i-KINGTEC, Xinge Intelligence, WindMagics Energy and Mingjia Semiconductor; Deepwise, Linuo Technical Glass, Hinova Pharmaceuticals, JOINN Biologics, Tajirui, Innogen, Qyuns Therapeutics, Gusen Pharmaceuticals, Shengshi Taike, Anyu Biotechnology and Aikenuo; Xiaoxiandun, NewLink Group, KK Group, Werewolf, Xingyun Group, Edianyun, Hanyi Fonts, Shuju Zhilian, Huanlong New Materials/Babo and Gu'an Jie.
Its distinctive combination of founders and broad team experience gives Hongtai Fund an understanding of each stage of entrepreneurship, from starting a business to an IPO, and broad influence in China's investment and industrial communities.
With a systematic approach and a strong team, Hongtai Fund follows values of integrity, innovation and achieving success through helping others. It aims to be an outstanding industry integrator and promoter of innovation, serving industry and society and contributing to the country through professional expertise.