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01
Introduction
INCE Capital is a venture capital firm with an investment focus on early to expansion stage companies that spearhead innovation in the Internet consumer and intelligent technologies sectors. The letters “INCE” embody the firm’s commitment to INnovation, INtelligent INternet technologies, and superior INvestment returns through exceptional strategy and decision making, or “CE” in Chinese. INCE’s mission is to empower the future greats.
INtelligent
INnovative
INvestment
Decision

INCE closed its first fund in October 2019, raising a total of $351,888,000.


The investor base consists of the world’s leading university endowments, foundations, family offices, and funds of funds.


INCE currently has offices in Shanghai, Beijing and Hong Kong.

02
Investment Strategy
We focus on investing in early to expansion stage companies that bring avant-garde innovations to the Internet consumer and intelligent technologies.
Our investment paradigm emphasizes a comprehensive examination of the evolution of technology – understanding how it affects people's lifestyles, their consumption behaviors, and brings about groundbreaking innovation.



Internet
Consumption
Intelligent Technology
03
Development
2021
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2021-07
●INCE rated as one of the Top 50 investors for 2021 by Yicai .
2021-05
●INCE rated as one of the Top 10 China’s Dark Horse Funds for 2021 by 36Kr.
●INCE rated as one of the Top 10 Most Potential VC Firms in China by China Venture.
●JP Gan awarded as one of the Top 100 Investors for 2021 by PEdaily.
2021-04
●JP Gan featured on the “2021 Forbes Midas List”
for the sixth consecutive year.
2021-03
● INCE awarded as one of the “Top 3 New VC Firms” and
“Top 30 Active VC Firms”by Qiming Technology & New Voice.
JP Gan named one of the “Top 100 Investors for 2020”.
● Stella Zhou named one of “China’s S50 Female Investors” by PE Daily.
2021-01
● INCE awarded as “China's Most Potential Investment Firm for 2020” by Chinese Venture.
● JP Gan named one of the “China’s Top 30 Equity Investment Innovators for 2020” by Chinese Venture.
● JP Gan listed as one of the “Top 50 Equity Investors for 2020” by Yicai.
● Stella Zhou named as one of the “Top 30 Young Investors for2020” by Yicai.
2020
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2020-12
● INCE awarded “2020 Top 10 Emerging VC Firms in China" &
“2020 Top 30 Internet/Mobile Internet Investment Firms in China” by CVCRI,
JP Gan featured on the “2020 Top 15 Influential VC Investors in China” List.
● INCE named one of the “2020 Top 10 Most Potential VC Institutions”
by 36Kr, JP Gan named one of the “Top 20 Investors in China's Consumer
Lifestyles Area”.
● INCE named one of the “Top 20 Dark Horse Investment Institutions” by lieyunwang.com, JP Gan ranked Top 20 on the list of “2020 Most Influential Investors”, Alex Yan entered in the list of “2020 Top 30 New-Generation Investors”.
● INCE awarded as one of the “Top 10 High-growth VC Firms in China for 2019–2020” by 21st Century Business Herald.
● JP Gan Ranks among 2020 China’s Best VC Investors by Forbes China
● Stella Zhou awarded as an F40 Young Investor for a third Year
2020-11
● INCE won the AVCJ “Fundraising of the Year – Venture Capital” award.
● JP Gan ranked Top 25 on the list of “2020 Top Venture Capitalists in China” by JIEMIAN.
● JP Gan ranked No.10 and Steven Hu ranked No.31 on the list of
"2020 China’s Top 100 Investor in Comsumption"
by Qiming Technology & New Vioce 24, respectively.
● Steven Hu awarded “GP Young Leader” by FOF Weekly.
● Alex Yan was selected in the 2020 Forbes China 30 Under 30 List.
● Alex Yan Selected as the “Top 10 Promising Investors in the New Consumption Field” by XFZ.
2020-10
● INCE named one of “2020 China’s Top 100 Venture Capital Firms” and “2020 China’s Top 30 VC Firms in Internet / Mobile Internet Industries”
by Zero2IPO.
● INCE ranked No.18 on the “Most Active VC Firms in Q3, 2020” list and No.4 on the “Most Active VC Firms Focusing on Consumption Upgrading
in Q3, 2020” list by Qiming Technology & New Voice 24.
● JP Gan entered in the list of “2019 China’s Top 100 VC Investors”
by ChinaVenture.
2020-09
● INCE awarded as “GP with Best LP Investment Potential”
by China FOFs Alliance.
● INCE named 2019-2020 “China’s New Prominent PE/VC Firm”
by BPEA
2020-08
● INCE named in "2019 China’s New Investment Firms in New Consumption List” by Chinese Venture.
● INCE named in “2020 China’s TOP100 VC Firms
Voted by Entrepreneurs” by 36kr.
● INCE named in “2020 China’s TOP10 Most Potential New VC Firms”
by 36kr.
● JP Gan entered in the list of 2020 China’s TOP100 Investors
Voted by Entrepreneurs by 36kr.
● JP Gan entered in the list of “2020 Top 100 Investors” by PE Daily.
● JP Gan named one of 2020 China’s Best Investors of Jinying Prize
by Securities Times.
2020-07
● INCE named in “2020 Top 30 New Funds” by China FOFs Alliance.
● INCE ranked No.16 on the “Most Active VC Firms In Q2, 2020” list
by Qiming Technology & New Voice 24.
2020-06
● INCE named in “2019 China’s Top 10 New Investment Firms”
by ChinaVenture.
● Steven Hu named one of "China’s Top 100 Investor in Artificial Intelligence" by Qiming Technology & New Vioce 24.
2020-04
● JP Gan featured on the “2020 Forbes Midas List”
for the fifth consecutive year.
2020-01
● INCE named in “2019 China’s Top 30 New Investment Firms”
by Chinese Venture.
● JP Gan entered in the list of “2019 China’s Top 30 VC/PE Leaders”
by Chinese Venture.
2019
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2019-12
● INCE named in “2019 China’s Top 15 New Investment Firms”
by Zero2IPO.
● INCE awarded title of “Best New Investment Firm of the Year”
by China Renaissance.
● Alex Yan named “Most Popular Elite Investor of the Year”
by China Renaissance.
2019-11
● JP Gan entered list of “2019 China’s Top 30 Influential Venture Capitalists” as released by Fortune China.
● JP Gan named “Investor of 2019” by Dark Horse.
● Steven Hu named one of “2019 China’s Top 50 Elite Investors” by 36kr.
● Alex Yan named in “2019 New Prominent Investors under the age of 30” by XiaoFanZhuo.
2019-10
● INCE closed its first fund, raising a total of $351,888,000.
2019-07
● INCE Capital founded on July 1, 2019.