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Corporate Venture

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Investments

30

Portfolio Exits

3

About NetEase Capital

NetEase Capital is the venture arm of NetEase and looks at early-stage VC investments in the technology sector around the world. The group, with a mandate to invest $500 million USD globally, has led venture investments throughout Asia and North America.

NetEase Capital Headquarter Location

26F SP Twr D Tsinghua Science Park Bld 8 No 1 Zhongguancun E Rd Haidian

Beijing, Beijing, 100 084,

China

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Latest NetEase Capital News

Chinese AI Platform Xiaoice Banks USD1 Billion in Series A Fundraiser, Led by Hillhouse Capital

Jul 12, 2021

(Yicai Global) July 12 -- Chinese artificial intelligence platform Xiaoice has secured USD1 billion in a Series A fundraiser, led by Hillhouse Capital Group. Hedge fund manager Neumann Advisors, IDG Capital, 5Y Capital also joined pre-A-round investors Northern Light Venture and NetEase Capital in the Series A round, tech information website 36Kr reported today. Xiaoice, which makes use of natural language processing, computer voice and vision, and generates AI content, was launched by Microsoft Asia Internet Academy of Engineering in December 2013. Last July, Microsoft decided to spin off its Chinese chatbot business to improve its commercial use. The platform’s AI system Avatar Framework can speak with humans over the phone and use streaming video to detect emotions and engage in conversation based on a person's expressions. The firm has already partnered with companies in multiple sectors including finance, retailing, automobile, real estate and textile. Editor: Futura Costaglione

NetEase Capital Investments

30 Investments

NetEase Capital has made 30 investments. Their latest investment was in AccelByte as part of their Series B on April 4, 2022.

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NetEase Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/22/2022

Series B

AccelByte

$60M

Yes

2

7/20/2021

Series A

Yixian Xianjin

Yes

2

7/12/2021

Series A

Xiaobing

No

9

5/3/2021

Series B

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$99M

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10

3/4/2021

Series A

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$99M

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10

Date

4/22/2022

7/20/2021

7/12/2021

5/3/2021

3/4/2021

Round

Series B

Series A

Series A

Series B

Series A

Company

AccelByte

Yixian Xianjin

Xiaobing

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Amount

$60M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

2

9

10

10

NetEase Capital Portfolio Exits

3 Portfolio Exits

NetEase Capital has 3 portfolio exits. Their latest portfolio exit was NextVR on April 06, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/6/2020

Acquired

$99M

6

12/12/2018

IPO

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$99M

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10

11/4/2018

Take Private

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$99M

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10

Date

4/6/2020

12/12/2018

11/4/2018

Exit

Acquired

IPO

Take Private

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

6

10

10

NetEase Capital Team

1 Team Member

NetEase Capital has 1 team member, including current Managing Partner, Weijun Xia.

Name

Work History

Title

Status

Weijun Xia

Managing Partner

Current

Name

Weijun Xia

Work History

Title

Managing Partner

Status

Current

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