BAI Capital is a leading venture capital fund in China. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital has two main focuses: China-based global companies and China's structural transformation. The investor base for BAI Capital includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants, and fund of funds globally, as well as Bertelsmann. BAI Capital has its background from Bertelsmann Asia Investments, which is part of the Bertelsmann Group.