Engage Capital is a venture capital firm that primarily invests in startups in China's information technology, financial services, and consumer products and services industries. They typically invest in rounds with five participants and have notable sponsors such as Welight Capital, Tongcheng Zhongchuang Fund, and GSR Ventures. Engage Capital focuses on deals ranging from $10 million to $50 million and typically invests in startups with a value of $100 million to $500 million. They have a preference for startups in the digital media and e-learning sectors. The fund has a track record of 2-6 deals per year and has a particular interest in startups like Huya.com, Tongcheng Life, and Mangatoon.