They specialize in investing in mobile, Internet, technology-enabled services, and enterprise solution companies. With three USD funds and one RMB fund, Lightspeed China Partners has a track record of investing in startups such as Pinduoduo, Tujia, and FangDD.com. They have a preference for startups with 2-3 years of age and typically invest in rounds with 3-4 participants. The fund has a higher rate of exit compared to other companies and typically invests in deals ranging from $10 million to $50 million. Their investment activity is centered in China, where they have a strong network of partners and connections.