Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn 5Y Capital founders Qin Liu (left) and Ken Shi (right).Credit: 5Y Capital The Hong Kong-based venture capital firm 5Y Capital has had two major pieces of news in the last year. First, it rebranded from its original name, Morningside Venture Capital, in October. Then in February, it made a reported $30 billion return on its investment in the short-form video app Kuaishou, after the Chinese company listed shares on the New York Stock Exchange. While Kuaishou may be its most high-profile success so far, 5Y has made other significant investments in its 13-year history, and it is moving fast to make more. Two of the firm’s best-known bets in China were on the electric vehicle startup Xpeng and voice toolkit Agora, which is best known as the technical foundation of social media app Clubhouse. 5Y Capital has already backed 16 companies in 2021, including startups in artificial intelligence, biotech, skincare and chocolate making. Chinese companies account for 90 percent of its more than 200 total investments, according to PitchBook. The early-stage firm has $Subscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.