Jiahua Albert Capital

Jiahua Albert Capital, known in Chinese as 加华资本 (Harvest Capital), is a China-focused private equity investment firm founded in 2007 by Song Xiangqian. The firm specializes in the large consumer and modern services sectors, investing in companies across food and beverage, beauty and personal care, retail, dining, and related consumer industries. According to its official website, it has accumulated assets under management of more than RMB 30 billion and has backed over 30 portfolio companies, including more than a dozen that have gone public. The firm positions itself not as a traditional private equity house but as a value-creation and "empowerment" investor that works closely with portfolio companies on operations, supply chain, digitalization, product innovation, and cost control. Its stated mission is to support Chinese consumer brands and the private economy, and its vision emphasizes long-term, patient capital and integrity in its relationships with entrepreneurs. Jiahua Capital's representative investments include Dongpeng Beverage (605499.SH), Laiyifen (603777.SH), Aimer (603511.SH), Babi Food (605338.SH), Xiaocaiyuan (00999.HK), Qiaqia Food (002557.SZ), Jiajia Soy Sauce (002650.SZ), Juran Zhijia (000785.SZ), Meituan (03690.HK), Meitu (01357.HK), ORG Technology (002701.SZ), Chando, Jinmailang, Xiaoguocha, Laoxiangji, Wenheyou, and Didi Chuxing, among others. The firm has offices in Beijing, Shanghai, and Hong Kong, and its founder Song Xiangqian has been recognized repeatedly by Forbes China and other industry rankings as a leading venture capital investor. Jiahua Capital has received strategic investment from institutional investors including GLP and Sequoia China, and its limited partners include funds of funds, financial institutions, university endowments, consumer industry funds, and family offices. The firm is privately held and is not itself listed on a stock exchange.

Jiahua Capital (加华资本), also known historically as Jiahua Weiye Capital (加华伟业资本), was founded in 2007 by Song Xiangqian. Song had previously worked at Everbright Securities and Guosen Securities, served as a director and chief financial officer at Huatai Securities, and held senior investment banking roles at Century Securities before establishing the firm. From its inception, Jiahua Capital focused on China's large consumer and modern services sectors, adopting a value-investing philosophy and positioning itself as a hands-on, value-creation-oriented fund rather than a purely financial investor. Over the following decade, the firm built a portfolio of consumer and service companies across food and beverage, beauty, retail, dining, and related industries. Representative investments include Dongpeng Beverage, Laiyifen, Aimer, Babi Food, Xiaocaiyuan, Qiaqia Food, Jiajia Soy Sauce, Juran Zhijia, Meituan, Meitu, ORG Technology, Chando, Jinmailang, Xiaoguocha, Laoxiangji, Wenheyou, New Pearl Ceramics, and Didi Chuxing. Several of these companies subsequently listed on the A-share or Hong Kong markets, including Dongpeng Beverage (605499.SH), Aimer (603511.SH), Babi Food (605338.SH), Juran Home (000785.SZ), and Xiaocaiyuan (00999.HK). In August 2021, Jiahua Capital brought in nearly RMB 800 million in strategic investment from GLP and Sequoia China. The firm has offices in Beijing, Shanghai, and Hong Kong, and its accumulated assets under management have grown to more than RMB 30 billion according to its official website. Its limited partners include funds of funds, financial institutions, university endowments, consumer industry funds, family offices, and high-net-worth individuals. Jiahua Capital has received numerous industry recognitions, including repeated placements on the CVINFO and Zero2IPO consumer investment rankings and the Forbes China best PE institution lists. Founder Song Xiangqian has been named to the Forbes China Best Venture Capitalist list for multiple consecutive years and was featured on the cover of Forbes magazine in 2025. The firm has also engaged in philanthropic activities, including donations for COVID-19 relief in Wuhan and Shanghai and disaster relief for Hong Kong in 2025.

• 2025

  Strategic investment of RMB 300 million in Chando; donated HK$5 million for Hong Kong disaster relief; Song Xiangqian featured on Forbes magazine cover

• 2024

  Xiaocaiyuan (00999.HK) listed on Hong Kong Stock Exchange; two Jiahua funds ranked first and second on Preqin's 2024 best-performing RMB private equity funds list

• 2023

  Xiaocaiyuan completed RMB 500 million financing solely invested by Jiahua Capital

• 2022

  Invested RMB 600 million in Jinmailang; Laoxiangji completed Pre-IPO financing and submitted IPO prospectus

• 2021

  Brought in nearly RMB 800 million strategic investment from GLP and Sequoia China; Dongpeng Beverage and Aimer listed on A-share market

• 2020

  Invested in Wenheyou; Babi Food listed on A-share market

• 2019

  Invested in Laoxiangji and New Pearl Ceramics Group; Juran Home completed reverse merger listing

• 2007

  Jiahua Capital founded by Song Xiangqian

A value-creation-oriented private equity firm focused on China's consumer and modern services sectors, positioning itself as a hands-on partner that invests like an industrial operator.

• Consumer and modern services private equity funds

• Growth capital investments

• Post-investment operational empowerment services

1. 1加华资本官网首页scharvestcap.com
2. 2加华资本 - 投后总结scharvestcap.com
3. 3加华资本 - 诞生背景scharvestcap.com
4. 4Jiahua Albert Capital - Wikidatawikidata.org
5. 5加华资本 - 维基百科zh.wikipedia.org