INCE Capital is a venture capital fund founded in 2019 by JP Gan and other senior partners who previously spent 15-25 years at top-tier China VC firms, creating an unusual concentration of experienced China tech investors under one new brand. The firm specializes in new generation China consumer and internet technology, particularly AI-enabled consumer applications, and raised around $700 million across its first funds during China's tech regulatory period when most foreign investors were pulling back from the market.