AI CAPITAL INTELLIGENCE
阿尔法公社 | Institution profile
Institution at a glance
Alpha Startups (阿尔法公社) describes itself as an angel investment fund founded in 2015. Its website says it has backed more than 100 technology companies and that 90% of its investments were made before Series A; these are firm-reported portfolio figures, not fund returns. The team page identifies founding partner and CEO Richard Xu (许四清), partner Gang Liu (刘罡), and partner Sun Chang (孙畅).
Source verification date: · Portfolio size and stage distribution are self-reported by Alpha Startups and do not indicate investment performance. Public financing reports list Alpha Startups as a follow-on investor in Coji Tech's nearly CNY 100 million Pre-A round without disclosing its individual commitment. A separate company page records an undisclosed 2023 seed investment in Zhixiang Future; it does not support attributing Alpha Startups to a separate 2026 round.
Recorded financing connections
- 共绩科技2026-05-07 · Pre-A · Approximately CNY 100,000,000
These are recorded participations, not a complete portfolio or performance score.
Names follow their disclosed form. Descriptive English renderings of Chinese names are not verified legal names. Original quotations are shown in their source language.
Key facts
| Public brand | 阿尔法公社 Alpha Startups |
|---|---|
| Portfolio program name | Alpha Founders |
| Name used in the website copyright notice | Alpha Startup Fund |
| Organization type | Angel investment fund, as described on its website |
| Founded | 2015, according to the official website |
| Portfolio scale | The firm says it has backed more than 100 technology companies since 2015; the displayed portfolio is a selection. |
| Investment stages | The firm says 90% of its investments were made before Series A. This is a stage distribution, not a return metric. |
| Richard Xu's startup experience | The team page says Xu led a startup to a NASDAQ IPO as its COO in 2010. |
| Richard Xu's prior roles | The firm lists Xu as a former investment partner at Sinovation Ventures, CMO at Qihoo 360, and managing director of WI Harper Group in China. |
| Richard Xu's industry experience | The firm says Xu has more than 20 years of experience in IT, internet, and telecommunications. |
| Gang Liu's investment focus | AI-native software and hardware, embodied AI, and deep technology. |
| Sun Chang's role | The firm says Sun joined Alpha Startup Fund as a partner in 2021. |
| Sun Chang's entrepreneurial experience | The firm says Sun founded New Oriental Online in 2005; the company listed in Hong Kong in 2019 and is now known as East Buy. This is her prior entrepreneurial experience, not Alpha's portfolio performance. |
| Portfolio support | The firm says it helps portfolio companies build business partnerships through industry connections. |
Management and roles
- Alpha Startup Fund · Founding Partner and CEO: Richard Xu (许四清)
Current role (as reported in the cited source)
- Alpha Startup Fund · Partner: Gang Liu (刘罡)
Current role (as reported in the cited source)
- Alpha Startup Fund · Partner: Sun Chang (孙畅)
Current role (as reported in the cited source)
Milestones
- 2015
Alpha Startups' website identifies 2015 as its founding year.
Public record
- The firm says it has backed more than 100 technology companies since 2015 and displays selected examples. This self-reported count is not a complete portfolio or a return measure.
- 36Kr reported that Coji Tech raised nearly CNY 100 million in a 2026 Pre-A round and named Alpha Startups as a follow-on investor. Its individual commitment was not disclosed.
- An Investment界 company page lists Alpha Startups in an undisclosed seed round for Zhixiang Future dated 7 April 2023. The cited page does not support linking Alpha Startups to a separate 2026 round.
Official contact details
- Founder pitch submission: Submit BP form on the official website
- Public founder pitch email: BP@ALPHASTARTUPS.NET
- Public limited partner contact email: LP@ALPHASTARTUPS.NET
Sources
- 1. Coji Tech raises nearly CNY 100 million in a Pre-A round · 36Kr
本轮由春华创投、彼岸时代联合领投，力合中科、阿尔法公社跟投Original Chinese-language excerpt
- 2. Zhixiang Future company and financing profile · Investment界
种子轮，金额未披露，投资方阿尔法公社、多位中科大知名企业家和AI大专家，日期2023年4月7日Original Chinese-language excerpt
- 3. About Alpha Startups · Official website
Alpha Startups is a leading angel investment fund
- 4. Portfolio and investment-stage figures · Official website
100+ Portfolio cos 90% Invested pre-Series A
- 5. Team · Alpha Startups
Richard Xu is founding partner and CEO of Alpha Startup Fund
- 6. Richard Xu's startup experience · Official team page
In 2010, as COO, he successfully led a startup to an IPO on the NASDAQ.
- 7. Gang Liu's profile · Official team page
Gang Liu is a Partner at Alpha Startup Fund
- 8. Sun Chang's profile · Official team page
she joined Alpha Startup Fund as a partner in 2021.
- 9. Selected portfolio · Alpha Founders
Since 2015 we have backed 100+ technology companies. Here is a selection.
- 10. Founder and LP contact details · Official website
BP@ALPHASTARTUPS.NET LP@ALPHASTARTUPS.NET
- 11. Founding year · Official website
ANGEL FUND · EST. 2015
- 12. Alpha Startup Fund · Website copyright notice
© 2015-2026 Alpha Startup Fund
- 13. Alpha Founders · Official portfolio page
Alpha Founders
- 14. Submit a founder pitch · Official website
Submit BP →
- 15. Richard Xu's prior roles · Official team page
He previously served as an investment partner at Sinovation Ventures, CMO at Qihoo 360, and later joined WI Harper Group as Managing Director
- 16. Richard Xu's industry experience · Official team page
With over 20 years of experience in the IT, internet, and telecommunications industries
- 17. Gang Liu's investment focus · Official team page
AI-native software and hardware, Embodied AI, and DeepTech opportunities
- 18. Sun Chang's prior company · Official team page
the company she founded in 2005, New Oriental Online (HK.1797, now renamed East Buy), listed on the Hong Kong Stock Exchange in 2019
- 19. Portfolio support · Official website
we help portfolio companies forge business partnerships