Investor profile

Legend Capital

Corporate · Founded 2001 · Dongcheng District, China

Legend Capital, a subsidiary of Legend Holdings Ltd., has a mission to become a top-notch venture capital investor in China

Website ↗LinkedIn ↗

332 portfolio companies Corporate · $19B invested · 451 investments · Investor rank #133 · Last investment 7/2026

Portfolio companies 332 ↑ 48% 5y

Decacorns 4 ↑ 33% 5y

Thoroughbreds 19 ↑ 19% 5y

Power Law #364Investor Ranking · Global · 2026 · Top 2%

01 · Biggest holdings

Legend Capital’s biggest current holdings.

The most valuable companies Legend Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Legend Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value

1 ZongmuDecacorn · Transportation · China 11.5% $11.4B $1.3B
2 ZuoyebangDecacorn · Education · China 4.5% $10.0B $450M
3 KunlunxinUnicorn · Semiconductors · China — $3.0B —
4 X SquareUnicorn · Robotics · China — $2.8B —
5 Chongqing Tailan New EnergyUnicorn · Energy · China 11.5% $2.2B $253M
6 DXYUnicorn · Health · China — $2.0B —
7 Shanghai Meikesheng Energy Storage TechnologyUnicorn · Energy · China — $1.8B —
8 AkulakuUnicorn · Fintech · Indonesia — $1.8B —
9 Galaxy SpaceUnicorn · Telecom · China 10% $1.5B $151M
10 DeepWayUnicorn · Transportation · China — $1.2B —
11 XiaozhuUnicorn · Real Estate · China — $1.2B —
12 Shanghai Volant Aviation TechnologyUnicorn · Transportation · China — $1.1B —

Estimated value = Legend Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Legend Capital also appears inside investor groups in Akulaku, Megvii, Shanghai Meikesheng Energy Storage Technology, Vedantu, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Legend Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Legend Capital’s transaction record.

Z.ai | Zhipu AI

$6.6B IPO · 2026

Entered Series B+Now $70BEnterprise Software

Innovent Biologics

$2.0B IPO · 2018

Entered Series B+Now $18BHealth

Wish

$14B IPO · 2020

Entered Series B+Now $42MFashion

Luckin Coffee

$5.0B IPO · 2019

Entered Series ANow $9.6BFood

CAR

IPO · 2014

Entered Series B+Now $8.1BTransportation

UCAR

$5.5B IPO · 2016

Entered Series B+Now $5.5BTransportation

Atour Hotel

IPO · 2022

Entered Series B+Now $4.2BTravel

UNISOC

IPO · 2007

Entered Series ANow $3.7BTelecom

Axonics

$400M IPO · 2018

Entered Series ANow $3.6BHealth

Uxin Group

$3.5B IPO · 2018

Entered Series ANow $529MTransportation

FinVolution

$3.5B IPO · 2017

Entered Series B+Now $265MFintech

Zhenkunhang

$2.8B IPO · 2023

Entered Series B+Now $2.8BEngineering and Manufacturing Equipment

03 · Portfolio analysis

Where Legend Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 332 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount

China293
USA25
South Korea5
Indonesia4
Singapore4
Hong Kong3
Japan2
Australia1
India1
UAE1

By sectorCount

Health100
Transportation29
Fintech23
Semiconductors21
Enterprise Software19
Marketing14
Media14
Food13
Education10
Robotics10
Energy8
Fashion7

By stage enteredCount

Series B+163
Series A133
Seed35

By growth stageCount

Breakout Stage129
Late Growth123
Early Growth87

04 · Portfolio market map

Inside Legend Capital’s portfolio.

The 60 highest-funded portfolio companies, of 332 tracked.

UNISOC

Telecom · Unicorn

$3.7B

Qingju (Didi Bike)

Transportation · Unicorn

$2.4B

Didi Woya

Transportation · Unicorn

$1.5B

Z.ai | Zhipu AI

Enterprise Software · Decacorn

$70B

ESWIN Computing

Semiconductors · Unicorn

$1.6B

UCAR

Transportation · Unicorn

$5.5B

Zhenkunhang

Engineering and Manufacturing Equipment · Unicorn

$2.8B

Uxin Group

Transportation

$529M

Transportation · Unicorn

$1.2B

Novast Laboratories

Health

$705M

Inceptio Technology

Transportation · Unicorn

$1.4B

Black Sesame Technologies

Transportation · Unicorn

$2.0B

Shanghai Volant Aviation Technology

Transportation · Unicorn

$1.1B

Xiaozhu

Real Estate · Unicorn

$1.2B

Hong Kong Asia Heart Centre (Wuhan Asia Heart Hospital)

Health · Unicorn

$1.6B

Luckin Coffee

Food · Unicorn

$9.6B

Wangdiantong

Marketing · Unicorn

$1.2B

Youxinpai

Transportation

$680M

Angitia Biopharmaceuticals

Health

$520M

Zongmu

Transportation · Decacorn

$11B

X Square

Robotics · Unicorn

$2.8B

Kunlunxin

Semiconductors · Unicorn

$3.0B

Pharmaron Holding

Health

$160M

Vedantu

Education · Unicorn

$1.1B

Chemclin (China Diagnostic Medical Corporation)

Health

$66M

UCloud Information Technology

Telecom · Unicorn

$2.2B

Tongcheng Life

Food

$800M

Shenzhen Rui Medical ( Deep Core)

Health

$800M

JenaValve Technology

Health

$400M

Souzhou Ribo Life Science

Health · Unicorn

$1.1B

Infinigence AI

Hosting

$385M

Bespin Global

Hosting

$373M

Fuyoukache

Transportation

$680M

Leadrive Technology

Transportation

$674M

CAR

Transportation · Unicorn

$8.1B

MicuRx Pharmaceuticals

Health

$165M

ProBio

Health

$880M

Berry Oncology

Health

$397M

ClinChoice ( formally Fountain Medical Development)

Health

$600M

Aikucun

Marketing

$440M

Shanghai Cell Therapy Group

Health

$543M

XSKY Data Technology

Enterprise Software

$440M

SanegeneBio

Health

$440M

TowardPi

Health

$688M

Core Medical Technology

Health

$401M

FinVolution

Fintech

$265M

Chaodian Culture

Music

$600M

Dalian Bolong New Materials

Energy

$825M

05 · Portfolio founders

Where Legend Capital’s portfolio founders come from.

98 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount