Venture capital refers to a fund operated by a group of people with professional knowledge and experience in science, technology or finance, which specializes in investing in companies with development potential and rapid growth. Venture capital is a high-risk and high-yield industry that mainly engages in capital management in the form of private equity, and pursues long-term capital appreciation by cultivating and coaching enterprises to start or re-start.

Equity investment fund refers to equity investment in private enterprises, that is, unlisted enterprises, through private placement. In the process of transaction implementation, the future exit mechanism is considered, that is, through listing, mergers and acquisitions or management buyback, the shares are sold for profit.