LCIG, established in China in 2016, focuses on investing in startups in Mainland China, particularly in the software and flash storage sectors. The firm typically invests in companies with a valuation of over $1 billion, with deal sizes ranging from $50 million to $100 million. LCIG has a higher exit rate compared to other firms and is involved in 2-6 deals per year. It prefers to invest in startups that are 2-3 years old and typically participates in funding rounds with 3-4 other investors. Some of its notable portfolio companies include NIO, Cambricon, and MissFresh E-Commerce.