Founded in 1993, Shanghai Pudong Development Bank is a nationwide joint-stock commercial bank that offers personal banking, commercial and investment banking, and treasury and financial marketing products and solutions. With a registered capital of RMB 19.653 billion, the bank is highly regarded in China's security market for its outstanding performance and business integrity. It typically invests in startups with a value of over $1 billion and is involved in less than 2 deals per year. The bank has a preference for startups with 1-3 founders and those that are 4-5 years old. Some of its popular portfolio startups include Ucar, Royole Corporation, and YITU Technology, and it invests in industries such as Artificial Intelligence and Mobile Devices. The bank usually participates in investment rounds with 4-5 other investors and has been known to co-invest with China Minsheng Bank, China Merchants Bank, and Zhongtai Chuanghui Equity Investment Fund. In 2020, Shanghai Pudong Development Bank recorded annual revenues of $52.3 billion and a net profit of $8.5 billion.