Co-Stone Capital

Co-Stone Capital Co-Stone Capital is a major Chinese investment firm established in 2001 in Shenzhen, one of the longest-standing in the country. AUM ranges from ¥40-85B (approximately $6-12B) across PE, VC, PIPE, M&A, and fixed income strategies, with 281 total investments. The most recent investment is AstronStone at seed stage in December 2025. Partner Yang Shengjun brings 10-plus years of semiconductor industry experience, providing domain expertise within the broader generalist mandate. App