Seeing Further Possibilities | 5Y News Monthly
The big news from last month.
5Y News Monthly
"5Y News Monthly" is a regular column from 5Y Capital. At the start of each month, we look back at news from the past month involving 5Y and our portfolio companies, sharing it with friends who follow us in the hope of helping you understand 5Y better.
01 Portfolio Company Highlights
Major news about investments, IPOs, strategic partnerships, breakthroughs, and new product launches from 5Y portfolio companies.
02 5Y Capital Updates
News about 5Y honors, investor interviews, and thought leadership.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Horizon Robotics and Unity China Enter Strategic Partnership
On October 31, Horizon Robotics, a leading Chinese intelligent driving technology company, formally signed a strategic partnership agreement with Unity, the world's leading real-time 3D content creation and operations platform. The two sides will deeply integrate Horizon's HSD (Horizon SuperDrive™) human-machine interaction system with Unity's 3D rendering engine to jointly build industry-leading HMI solutions for assisted driving, setting a new benchmark for the intelligent driving experience and empowering the entire industrial ecosystem through an open, win-win model. Read more
Congratulations to DEEPEXI on Successful Hong Kong Stock Exchange Listing
On October 28, DEEPEXI Technology Co., Ltd. (stock code: 01384.HK) officially listed on the main board of the Hong Kong Stock Exchange, becoming the "first enterprise-grade large-model AI application stock" in the Hong Kong market. The global offering comprised 26.632 million shares at an issue price of HK$26.66 per share, raising a total of HK$710 million. 5Y Capital led DEEPEXI's Series A round in 2019 and continued to support the company in two subsequent rounds. Read more
HAI ROBOTICS Enters Strategic Partnership with GLP
From October 28-31, Asia's premier logistics exhibition opened at the Shanghai New International Expo Center. HAI ROBOTICS showcased its "FlashPick System" at the show and used the occasion to announce a strategic partnership with GLP. Going forward, the two sides will explore building pilot projects for smart logistics parks, using intelligent, efficient, and flexible container-based automated warehousing solutions to help logistics operators strengthen their technological competitiveness and achieve excellence. Read more
StartDT Enters Strategic Partnership with Wuliangye Yibin
On October 10, Sichuan Wuliangye Yibin Co., Ltd. and StartDT formally signed their Phase II project cooperation. Building on StartDT's DataSimba data cloud platform and DataKun data storage and compute engine, among other products, the partnership will consolidate the results of Phase I data governance and further deepen and broaden data applications, improving the efficiency of data-driven enablement. According to reports, in 2024, Wuliangye Yibin worked with StartDT on its Phase I data governance project to successfully build a data platform and establish data standards and data quality frameworks, thereby achieving real-time tracking of four key sales performance indicators with unified metrics. Read more
Moore Threads Signs Strategic Partnership with State Information Center
On October 21, the State Information Center and Moore Threads held a strategic partnership signing ceremony in Beijing. Zhou Min, Deputy Director of the State Information Center, and Zhou Yuan, Co-founder and COO of Moore Threads, signed the agreement on behalf of their respective organizations. Under the partnership, both sides will adhere to principles of equal cooperation, mutual benefit, and friendly consultation. Leveraging their respective resources and strengths, they will actively implement national major deployments regarding new infrastructure construction, conducting comprehensive cooperation in forward-looking computing power research, computing power industry ecosystem cultivation, and R&D of common technologies for computing power networks. Together they will advance the development of a national integrated computing power network system and contribute to high-quality digital economy development. Read more
SenseTime and Cambricon Enter Strategic Partnership
On October 15, SenseTime and Cambricon Technologies Corporation Limited signed a strategic partnership agreement for a new development phase, with a focus on advancing joint software-hardware optimization and jointly building an open, win-win industrial ecosystem. The two sides will leverage their respective technological and industrial resource advantages in their domains to carry out multi-level, long-term deep cooperation around building domestic AI infrastructure, vertical business development, and technology globalization. Together they will build a more forward-looking and inclusive AI development ecosystem. Read more
MedSci Healthcare and Zking Insurance Enter Strategic Partnership
On October 28, MedSci Healthcare (stock code: 0314.HK), a leading domestic corporate group health insurance brokerage and health management platform, and Zking Insurance, a well-known domestic insurer, held a strategic partnership signing ceremony. Going forward, MedSci Healthcare and Zking Insurance will fully leverage their respective advantages in resources, technology, and service capabilities, with a focus on deep integration in the broader health sector, joint development of distinctive insurance products, and collaborative expansion in reinsurance. Together they will contribute to serving national livelihood protection strategies and promoting high-quality industry development. Read more
Shukun Technology Partners with Sun Yat-sen University Cancer Center to Build Next-Generation Disease-Specific Database
On October 17, the Sun Yat-sen University Cancer Center — one of the nation's largest and most academically robust comprehensive oncology bases integrating medical care, teaching, research, and prevention — partnered with Shukun Technology to create the industry's first multimodal "AI-native database" for liver cancer. With the core advantages of its "database + research platform + clinical application" three-in-one approach, the collaboration has delivered impressive results in both research and clinical practice, providing an exemplary model of medical-engineering synergy for the industry. Read more
ReviR Therapeutics' RTX-117 Pipeline Receives FDA Orphan Drug Designation
On October 13, ReviR Therapeutics announced that its small-molecule drug pipeline RTX-117 has received Orphan Drug Designation (ODD) from the U.S. Food and Drug Administration (FDA) for the indication of Charcot-Marie-Tooth disease (CMT). The pipeline is expected to initiate Phase I clinical trials in Q1 2026 to evaluate its safety, tolerability, and pharmacokinetic profile in healthy volunteers, followed by planned Phase Ib/IIa clinical trials in CMT patients. Read more
Congratulations to Pony.ai on Hong Kong Stock Exchange Listing
On November 6, Pony.ai officially listed on the main board of the Hong Kong Stock Exchange under stock code 2026. In this Hong Kong IPO, the company fully exercised the over-allotment option, issuing approximately 48.25 million shares in total. If the underwriters' greenshoe option is exercised in full, the total proceeds could reach HK$7.7 billion, making it the largest global autonomous driving industry IPO in 2025 and the Hong Kong IPO with the highest fundraising in the AI sector for 2025. Read more
Xpeng Aeroht's "Land Aircraft Carrier" Debuts in Middle East with 600 Orders
On October 12, Xpeng Aeroht's "Land Aircraft Carrier" made its Middle East debut, completing its first overseas crewed flight demonstration on site and securing 600 orders, with plans to enter the Middle East market as early as 2027. Meanwhile, Aeroht International launched its new brand "ARIDGE," a portmanteau of "Air" and "Bridge" symbolizing a bridge connecting heaven and earth. The brand logo combines the Chinese character for "fly" (飞) with the letter Z, representing the breakthrough of flying cars in three-dimensional Z-axis space. Read more
Xpeng Motors Enters Four New Markets in Europe and Asia
In October 2025, Xpeng Motors accelerated its globalization strategy, achieving a "dual breakthrough" in European and Asian markets at the start of Q4 — successfully entering Lithuania, Latvia, Estonia, and Cambodia. In the three European countries, Xpeng simultaneously introduced the G6 and G9 intelligent vehicle models, partnering with local dealers to establish sales and after-sales networks, using the region as a gateway to accelerate penetration of Central and Eastern Europe. In the Cambodian market, Xpeng launched six models at once, with deliveries scheduled to begin in November, and established a comprehensive showroom in Phnom Penh's core commercial district, gradually expanding service outlets and charging infrastructure. To date, Xpeng Motors' sales and service network covers over 49 countries and regions globally, and this expansion into four new markets will further strengthen its presence in Central and Eastern Europe and Southeast Asia, supporting its global development. Read more
Moonshot AI Releases and Open-Sources Kimi K2 Thinking Model
On November 6, Kimi released Kimi K2 Thinking — Kimi's most capable open-source thinking model to date. Kimi K2 Thinking is a new-generation Thinking Agent trained on our "model as agent" philosophy, with native capabilities for "thinking while using tools." It achieved state-of-the-art (SOTA) performance on multiple benchmarks including Humanity's Last Exam, autonomous web browsing capability (BrowseComp), and complex information gathering and reasoning (SEAL-0), with comprehensive improvements in agentic search, agentic programming, writing, and integrated reasoning capabilities. Read more
02
5Y Capital Updates
5Y Capital 2025 Founders' Annual Meeting Successfully Held
The 5Y Capital 2025 Founders' Annual Meeting was successfully held on November 2-3 Beijing time. The theme of this year's event was "Prompt() · Emergence." AI is reconstructing the world at an unprecedented speed, bringing chaos and uncertainty, but also tremendous opportunity. In this era without standard answers, only those who actively build can write different versions of the future. The event brought together entrepreneurs and investors from multiple sectors including AI, hard tech, ITBT, internet, enterprise services, and consumer, to jointly explore the boundaries of innovation, organizational evolution, and the future of human creativity in an era being reshaped by the AI wave.
For more event recaps and highlights, please continue to follow subsequent posts on 5Y Capital's official WeChat account.
5Y seeks out, supports, and inspires lone entrepreneurs, providing them with support from spirit to all aspects of operations. We believe that if the you whom others see as crazy begins to be believed in, the world will become a different place.
BEIJING · SHANGHAI · SHENZHEN · HONG KONG
