Portfolio Companies 2026 for Zhen Fund: investors, rounds, and co-investor patterns from StartupFundraising.com research, updated for 2026.
Zhen Fund accounts for 11 tracked companies with verified cap-table data, 11 of which disclose round sizes totalling $2.4B. The median disclosed raise is $78M, and the largest is Xiaohongshu at $900M, ahead of Advance Intelligence Group ($700M) and Intellifusion ($287M).
The names that recur most often on these portfolio cap tables are Zhen Fund (11 companies), Tencent (2 companies), Hillhouse (2 companies), IDG Capital (2 companies), DST Global (1 company), Temasek (1 company). By latest disclosed round, the market skews Series F (2), Series B (2), Series A (2), Growth (1).