36Kr 2024 Annual Directory of China's Equity Investment Institutions | Officially Released

The Year of Choice.

In 2024, China's equity investment market has entered a new cycle, and market participants have made their own choices. Some investment institutions are turning their sights to the global market, while others are sticking to the local market. 

In the local market, state-owned capital and industrial capital occupy a dominant position, especially in hard technology fields such as semiconductors and chips, new materials, new energy and manufacturing. With the continuous intensification of exit demand in the primary market, multiple exit methods including IPO, M&A and equity transfer coexist. Industrial integration and empowerment have become the focus of the market, and the new round of exit cycle is accelerating. 

At this historic moment, 36Kr has combined its two major list IPs "The Most Entrepreneur-Friendly Investment Institutions" and "The Most LP-Recognized Investment Institutions" into one, and adjusted it to the *Annual Directory* based on data from the four dimensions of investment institutions: "fundraising, investment, management and exit" — 

Based on the "36Kr Equity Investment Market Online Research System" (https://touzi.36kr.com/), the ranking will comprehensively consider the sub-dimensions of investment institutions such as management scale and industry influence, investment activity in the recent 3+1 years, star projects, number of projects that have obtained subsequent new financing, and exit return level. 

Divided by the main stage of the invested projects of investment institutions, 36Kr *China Equity Investment Annual Directory* is divided into *Top 50 Early-Stage Investment Institutions in China's Equity Investment Industry*; *Top 100 Venture Capital Institutions in China's Equity Investment Industry*; *Top 100 Private Equity Investment Institutions in China's Equity Investment Industry*. 

The following is the *36Kr China Equity Investment Annual Directory*:

Since 2018, 36Kr, based on its long-term influence among the entrepreneur community, has launched the *Top 100 Most Entrepreneur-Friendly Investors in China* directory. Over the past seven years, we have continuously paid attention to and observed those investors who can always stand with entrepreneurs, provide real help, and ultimately bring real value to the venture capital market. After nearly two months of data collection and market reputation research, 36Kr's 2024 *Top 100 Most Entrepreneur-Friendly Investors in China* is officially released. 

The following is the *Top 100 Most Entrepreneur-Friendly Investors in China*: