Qingsong Fund
Founded in June 2012 by Liu Xiaosong, Dong Zhanbin, and Su Wei, three Internet and investment circle veterans, Qingsong Fund is an early venture capital firm specializing in investment in education, social networking, consumerism, innovation, technology and applications. It manages four RMB funds with a total value of about RMB 2 billion. So far, it has invested in more than 140 companies, including 1 to 1 head, 1 DaDa English, squirrel AI, onion mathematics, wedding calendar, werewolf killing, flystep technology, HomeFacial. Pro and other star projects - 50% exit project returns more than 60 times, multiple project valuation multiples increased nearly 200 times, and educational projects have an average annual value increase of 500%. Among them, the Qingsong Smart Fund, which was newly established in 2018, focuses on the underlying technologies of the underlying AI and Smart Connect, as well as investment in such areas as smart healthcare, enterprise services and intelligent transportation applications. Liu Xiaosong, founding partner of Qingsong Fund, is a Ph.D. student at Tsinghua University. He invested in Tencent in 1999 and has a return on investment of tens of thousands of times. In 2000, he founded A8 New Media Group, which was successfully listed on the main board in Hong Kong in 2008. In 2015, he hatched in November 2018. Listed in Hong Kong stocks in the year. As a leading early investment institution in China, Qingsong Fund and its founding partners have repeatedly won Top 10 of Zero2IPO China's early investment institutions/investors, Top10 of China's education sector, Top100 of Chinese investors, and China's best early venture capital investment. Institution/Investor Top10; 36氪 China's new entertainment sector investment institutions Top10, online education sector investment institutions/investors Top10 and other mainstream awards. Per Crunchbase, Qingsong Fund has made 142 investments, 52 as lead investor across 130 portfolio companies, with 8 exits including 5 IPOs.
Investing activity
Qingsong Fund has made 142 investments according to Crunchbase across 130 portfolio companies, and has led 52 rounds and seen 8 exits, 5 of them by IPO.
Qingsong Fund appears in 1 AI deal tracked by the Lounge deals desk, rounds totalling $15M. The rounds are mostly Seed, with a median round size of $15M. The most recent is Rushen Robotics (Seed, $14.7M (CNY 100.0M), Jul 2026).
Qingsong Fund most often invests alongside Pinghu Zexin and Range Technology Development, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about Qingsong Fund
What AI companies has Qingsong Fund invested in?
Qingsong Fund's AI investments include Rushen Robotics. The 1 round on Lounge are listed on this page with amounts, dates and co-investors.
Where is Qingsong Fund based?
Qingsong Fund is based in Shenzhen, Guangdong, China.
What stage does Qingsong Fund invest at?
In the rounds tracked on Lounge, Qingsong Fund has invested at Seed, with a median round of $15M.
Who does Qingsong Fund co-invest with?
Qingsong Fund's most frequent co-investors on Lounge are Pinghu Zexin (1 deal) and Range Technology Development (1 deal).
How can founders reach Qingsong Fund?
Founders on Lounge can see Qingsong Fund's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Qingsong Fund to their Investor Pipeline to track the conversation.