Sinovation Ventures
创新工场
Education, Innovation Hubs & ConsultingBeijing · North (Beijing · Tianjin · Hebei · Shanxi · Inner Mongolia)
Business focus
Education, Innovation Hubs & Consulting
Description
Venture capital firm and startup incubator founded in Beijing in 2009 by Kai-Fu Lee, former head of Google China. Manages roughly $2-3 billion across multiple funds, having backed over 300 startups with 5 unicorns, 12 IPOs and 30+ acquisitions. Focused on AI-driven ventures; spun off 01.AI, a large language model company, in 2023. Combines venture capital with in-house AI research and incubation.