Dragonball Capital
Profile, fund size and portfolio
Dragonball Capital is the corporate venture arm of Meituan (local services and e-commerce platform). It was founded in 2017 and is based in Beijing, China. It invests from Series B to Series C+ in consumer, technology.
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Series B to Series C+ |
| Sectors | Consumer, Technology |
| Geography | China |
| Offices | Beijing, China |
Sources: S4 36Kr PitchHub: 美团龙珠 institution profile (Beijing address, team, 59 investment events); S1 36Kr (China Entrepreneur magazine): Meituan Longzhu investment methodology.
Data behind this graphic
The firm has not published a portfolio breakdown.
Sources: .
Where it invests and who leads it
LeadersS1S4S5
- Zhu YonghuaPartner (founding partner per search summary)Find on LinkedInFirm page
- Wang XinyuPartner, leads technology investment team (set up 2021)Find on LinkedInFirm page
- Chen Shaohui (陈少晖)President (总裁); also Meituan CFO per 36Kr profileFind on LinkedInFirm page
- Erica Yu (于红)Partner (joined from GGV per 36Kr)Find on LinkedInFirm page
Profile in progress. This firm does not yet meet our publishing minimum: sources, website, hq city, hq country, offices, investment regions, leaders, stages. It is not indexed by search engines until it does.
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | Meituan | Single source | S3 |
| Parent industry | Local services and e-commerce platform | Reported by Aranca Quarterly Spotlight CVC Deal Analysis Q2 2026 | S2 |
| Founded | 2017 | Single source | S1 |
| Headquarters | Beijing, China | Reported by 36Kr PitchHub: 美团龙珠 institution profile (Beijing address | S4 |
| Status | Active | Single source | S1 |
| Stages | Series B, Series C+ (inferred from announced rounds) | Estimate | S4 |
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
Fund vehicles
| Vehicle | Size | Year | Note | Source |
|---|---|---|---|---|
| First-phase fund | CNY 2bn | 36Kr: scale of first-phase fund was 2 billion yuan; 7 billion yuan invested in 20+ projects in first five years | S1 |
Portfolio
The firm's portfolio page lists 10 companies.S1
Every company on the Dragonball Capital list
10 companies, as listed on the firm's own website.S1 Read the firm's list.
- EcoFlow
- Galaxea (Xinghaitu)
- Guming
- Heytea
- Independent Variable
- Li Auto
- Mixue Bingcheng
- Moonshot AI (Darkside of the Moon)
- Unisoc
- Unitree Robotics
History
Official pages
Read the firm's own pages for current information.
- Portfolio pitchhub.36kr.com/organization/1678216627942402
Sources
- S136Kr (China Entrepreneur magazine): Meituan Longzhu investment methodologyPress
- S2Aranca Quarterly Spotlight CVC Deal Analysis Q2 2026Third-party report
- S3Meituan announcement of results for the year ended 31 Dec 2025 (HKEXnews)Parent company
- S436Kr PitchHub: 美团龙珠 institution profile (Beijing address, team, 59 investment events)Third-party report
- S536Kr: GGV Erica Yu joins Meituan Longzhu as partnerPress
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by Dragonball Capital or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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