Ecosystem Builder for
Relentless Growth
The Firm
Founded in 2006, Trustbridge Partners is among China’s earliest growth equity investors and has been a leading investor in China for the past 20 years. We invested in China since the “Internet Era” and have been working alongside with and supported the growth of many leading tech companies in China, championing their tested and proven business models and technologies.
Years
Two decades of proven track record
Billion USD
Firm-wide AUM
Companies
Listed companies
Portfolio
Portfolio companies with proven business models in new economy and
transformative technologies
Unicorns
Unicorns
Years
China Top Foreign Capital PE Institution
Select Investments
HLA
HLA Group is a leading Chinese clothing manufacturer and retailer
focusing on menswear, womenswear, kids, and home furnishing
products. At the time of its listing in 2014, the company was the
largest clothing company on the A-share market in China.
Exciton
Exciton Technology is a Chinese manufacturer of optical film and new
materials for display. Their products have wide applications across
sectors including the display, photovoltaic, automotive, and battery
industry
Qihoo 360
The largest provider of internet and mobile security products in
China, well recognized for its antivirus cybersecurity software
programs and secure web browser
Meituan
Meituan is the largest on-demand lifestyle and delivery service
platform ("Superapp") in China. Most commonly known for its food
delivery service, the platform has expanded its local services to
include tourism, entertainment, ride-hailing, groceries, and much
more.
Jiahui Health
Jiahui Health is an integrated healthcare system in China, including
a 500-bed international hospital, outpatient clinics and a team of
healthcare professionals from across the globe, in collaboration
with Massachusetts General Hospital (MGH).
Simcere
Simcere Pharmaceutical is an innovation and R&D-driven
pharmaceutical company, focusing on the therapeutic areas of
neuroscience, anti-oncology, autoimmune and anti-infection.
Realcan
Realcan Pharmaceutical is a comprehensive medical service provider that directly sells medicines, medical devices, and medical consumables to medical institutions across China.
KTK Group
KTK Group is the largest privately-owned Chinese manufacturer of interior systems, electrical controlling systems, and vehicle equipment of rail transit.
GCL
GCL New Energy is a new energy company under GCL Group. Its primary business is solar power generation, covering development, construction and operations.
Yuanfudao
Yuanfudao Online Education is the technology leader in China's online education sector.
China Literature
China Literature creates and promotes immersive intellectual
property (IP) universe for the Mandarin-speaking world by incubating
original IPs from its online literature platform, which are
subsequently adapted on a range of digital entertainment mediums.
Sanbo
Sanbo is a group of first-class neurologically specialized private
hospitals in China, internationally recognized for delivering
specialist neurological services, including treatments for brain
cancer.
The Beast
The Beast started out as a flower shop, and has since become a
leading lifestyle retail concept store in China that sells
everything from furnishing and home décor to lounge wear, jewelry
and accessories.
Soyoung
So-Young is the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry.
Dingxiangyuan
DXY.cn is an online community for physicians, healthcare
professionals, pharmacies, and other medical facilities to share
medical knowledge and industry insights, discuss new clinical
findings, report unusual events, and more.
Canature
Canature is a one-stop manufacturer of water treatment systems and
components in China and a leading player in the residential and
commercial water treatment industry.
Douban
Douban is a Chinese social networking service that offers lifestyle
and culture products and services for urbanites and college
students, enabling users to discover and share reviews for movies,
books and music, publish opinion and questions in group forums, etc.
Unisound
Unisound is a Chinese AI technology company that specializes in
speech recognition and artificial intelligence services applicable
to a variety of industries, with a specialized focus on the
healthcare industry.
Ximalaya
Ximalaya is a leading online audio platform in China, primarily
known for its extensive library of audiobooks and podcasts,
alongside other audio content like live streaming and online radio.
Tencent Music has recently announced the acquisition of the audio
platform.
ShareChat
ShareChat is an Indian social networking service platform with over
180 million monthly active users, especially popular amongst Gen Z
and millennials. The platform is India's first profitable social
media platform.
Equinox
Equinox Group is a high growth collective of the world’s most influential, experiential, and differentiated lifestyle brands that includes Equinox Fitness Clubs, SoulCycle, and Equinox Hotels.
Delos Living
Delos is a global wellness leader with a mission to enhance health and well-being in the spaces where we live, work, learn and play.
Trustbridge Global Media
Trustbridge Global Media (TGM) is a leading global children’s content company. TGM’s core children’s publishing group includes Walker Books, Candlewick Press, Holiday House, and Peachtree, and its digital portfolio includes KaDa Reading and Storybird.
SF Intra-city
SF Intra-city is the largest third-party on-demand delivery service platform in China.
JD Logistics
JINGDONG Logistics is China’s leading technology-driven supply chain solutions and logistics services provider.
Hive Box
Hive Box (also known as Fengchao or 丰巢 in Chinese) is the world's largest operator of smart parcel locker networks, specializing in last-mile delivery solutions for e-commerce and logistics.
Lichi
Founded in 2016 and based in Shanghai, China, Lichi is a leading medical technology company that provides comprehensive dental products and services.
Refire
With a global footprint in North America, Europe, and Asia, Refire is the world’s leading deployer of commercialized zero-emissions hydrogen technologies.
Investment Strategy
Early mover with unique foresight into emerging trends
We have been an early mover in China since the 2000s and our investment strategy has evolved with the development of the China and Asia economy and consumers, driven by long-term understanding of demographics, technology, and structural changes in the region.
We pursue a sector-focused strategy because we believe that focusing on the right sectors is the most efficient way to capitalize on growth opportunities in China.
Ecosystem-driven approach leveraging Trustbridge’s proprietary platforms
Our investment strategy centers on building and expanding our proprietary anchor platform assets within targeted high-growth sectors, creating defensible moats through integrated operations, synergies across the value chain, and network effects in each of the ecosystem we build.
All future investments will leverage established ecosystem anchors to accelerate new investments and capture sustainable value.
Unique portfolio construction to deliver sustained, superior returns and disciplined risk and investment management
We employ a pyramid-like portfolio construction structure, balancing stability and high-growth investments, from our anchor assets, rising star investments, and early-stage deals.
We believe that managing both upside and downside risks is what makes a good company into a good investment. Our ability to manage risk derives from the team’s deep understanding of business operations in China and skill to put that understanding to work in the context of market and industry risks and cycles.
Philosophy
Trustbridge is dedicated to bringing happiness, efficiency, and trust to all, catalyzing
profound and positive impact on people’s lives.
At the core of our human-centric philosophy lies a relentless pursuit of excellence,
fuelled by decades-long expertise and global strategic alliances that bridge new-found
connectivity to life in all corners of the world.
Through actively managed investments, we seize opportunities in evolving landscape,
sculpting a narrative of enduring capital growth and unwavering success for the ventures
of tomorrow.
Our Team
Trustbridge Partners is led by a stable, highly experienced team of seven senior partners with an average of 29 years in investment and operations, and an average tenure of 15 years at the firm.
Every partner brings deep operational experience, having managed companies as executives before joining Trustbridge, in addition to their extensive investing track records.