Addor Capital originated as a government-founded VC arm of Jiangsu provincial government and later restructured into a private firm while maintaining formal funding and strategic relationships with the province, creating a hybrid public-private capital base with roughly half its fund capital from government sources and the rest from wealthy individuals and financial institutions. The firm operates one of the largest RMB VC/PE platforms in China with about RMB 106.6 billion under management and maintains an unusual depth of local presence in Jiangsu province with eight of its 16 offices concentrated there, while also serving as a go-to investor for complex, long-horizon space and satellite-related deals in China's commercial space sector.