Investorstate

China Life Private Equity (国寿资本)

Professional private-equity platform under China Life, established in 2016 in the Shanghai Free Trade Zone. Known for insurance-capital PE funds, especially healthcare and hard-tech related strategies.

Website

1 lab backed

StepFun (阶跃星辰)

Shanghai foundation-model lab founded by ex-MSRA Chief Scientist Jiang Daxin (姜大昕). Densest MSRA-diaspora cluster. Yin Qi (印奇, Megvii co-founder) became chairman January 2026.