Founded in 2011 in Hangzhou, Haibang Capital is led by Naxin Yao, the CEO of Focused Photonics, Inc. It aims to support new returnees in starting their own businesses through its Haibang Fund. Additionally, the company connects capital with the "Thousand Talent Program" in Zhejiang Province. Haibang Capital not only provides funding but also offers personalized value-added services to its portfolio companies, helping them achieve rapid growth and become industry leaders. HaiBang Ventures, established in 2010, is a Hangzhou-based venture capital firm focused on sectors such as healthcare, new energy and materials, environmental protection, advanced manufacturing, and electronic information.