





Imagination · Connection · Future
Smallville Capital was founded in Shanghai in 2007, ranking among the pioneers in China’s private equity investment and technology incubation sector. Alongside the evolution of China’s macroeconomy and capital market, we have built a diversified business ecosystem covering minority equity investment, venture capital FOF, startup incubation, strategic investment and M&A.
In recent years, we have strategically anchored China’s AI computing power industrial chain centered on optical interconnection, and built an investment portfolio with remarkable synergistic effects. We have not only deployed capital in key links of the industrial chain through equity investment, but also deeply empowered our listed company partners to foray into the AI track via strategic investment and collaborative M&A, achieving industrial leapfrogging and value restructuring.
Private Equity Investment
Our Private Equity Fund focuses on core tracks including new materials, advanced manufacturing and ICT, with a portfolio of industry benchmark enterprises such as Loncin Motor, Elite Robot, YASC Semi, SiFusion, Innolight, Ligent Technology, Yuanjie Semi and Toptrans (merged with Vertilux).
Venture Capital FOF
Our FOF selects and supports a roster of VC Institutions, including comprehensive VCs such as GSR Ventures, Matrix Partners, Vision Knight Capital and Delta Capital, as well as vertical VCs focused on hard technologies, Including Frees Fund, Monad Ventures, Yunqi Partners and Glory Ventures. By building a diversified partnership network, we strive to effectively capture structural growth opportunities in China’s economy.
Strategic Investment & M&A
As concerted parties of the controlling shareholder, we participated in the landmark acquisition of Innolight Technology by Zhongji Equipment, and witnessed its growth into a global leader in optical modules (with a current market cap exceeding RMB 1 trillion).
As a strategic investor, we supported Dagang Co., Ltd. (SZ002077) in completing IC asset M&A and business transformation, facilitated HEC Group (SH600673) in AIDC asset integration, and assisted Tongyuan Environment (SH688679) in exploring new pathways for business upgrading.
Startup Incubation
STORIES, the Company’s in-house incubation brand, is one of China’s earliest technology incubation brands. Leveraging its core accelerator located in Shanghai Zhangjiang, STORIES has built an incubation ecosystem integrating venues, professional services and industrial resources. To date, it has served over 500 tech and innovation enterprises in total.
Meanwhile, we adopt a synergistic model of angel investment and in-depth incubation, and deeply engage in the founding and growth of projects such as Sanzer Materials, Jinggang Transmission, Ardingly College Zhongshan and Cangli Technology.
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