Miracles Come from Perseverance | 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 — we hope it helps you get to know 5Y better.
01 Portfolio Company Highlights
Major news about funding rounds, IPOs, strategic partnerships, breakthroughs, and new product launches from 5Y portfolio companies.
02 5Y Capital Updates
News about 5Y honors, investor interviews, and perspectives.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Tingting Technology Closes Series A++ Round of Over $10 Million
On January 24, Tingting Technology announced a new Series A++ funding round exceeding $10 million. The round was led by CCV, with Xingchen Capital serving as the long-term exclusive financial advisor. This marks the company's second financing in six months, following its Series A+ round. Founded in 2021, Tingting Technology is dedicated to driving intelligent transformation in the food service industry through AI, IoT, and robotics. Its solutions help chain restaurant brands achieve efficient operations and support global expansion. Read more
Horizon Robotics and iMotion Reach Strategic Partnership
On January 21, Horizon Robotics and iMotion formally signed a strategic cooperation agreement. The two companies will collaborate deeply on automotive intelligentization technology and products to provide OEM customers with higher-quality, innovative intelligent driving products and services. Together, they will explore domestic and international intelligent driving markets and contribute to the sustainable development of the intelligent driving ecosystem. Read more
XtalPi Partners with Deep Principle
On January 10, XtalPi (XtalPi Holdings-P, XTALPI-P, stock code: 2228.HK) reached a strategic partnership with Deep Principle, a rising star in tech innovation. Leveraging XtalPi's AI + robotics platform and the complementary strengths of both parties, the collaboration will focus on intelligent and automated R&D in chemical materials. Together they will build a next-generation, full-stack intelligent materials R&D platform integrating novel molecular design, reaction pathway design, reaction synthesis optimization, and high-throughput automated workstation capabilities. The platform is expected to complete the full closed-loop process from materials discovery, property prediction, and formulation optimization to controlled experiments in significantly less time, establishing a new R&D paradigm that is "faster, more accurate, and more cost-efficient." Read more
SenseTime Launches "SenseNova" Converged Large Model
On January 10, SenseTime officially launched its "SenseNova" converged large model, becoming the first to achieve native multimodal fusion with significantly enhanced deep reasoning and multimodal information processing capabilities. It claimed top positions on two authoritative evaluation leaderboards. In the latest "Chinese Large Model Benchmark Evaluation 2024 Annual Report" from SuperCLUE, China's leading LLM evaluation agency, SenseTime's "SenseNova" converged large model tied for first place domestically with DeepSeek V3, scoring 68.3. Read more
Kuaishou Partners with Dolby Laboratories
On January 21, Kuaishou announced a deep partnership with Dolby Laboratories (NYSE: DLB), a leader in immersive entertainment. Users can now share and watch Dolby Vision format videos on Kuaishou's platform. The Kuaishou app is the first short-video platform to support the full Dolby Vision workflow — iOS users can shoot, edit, share, and watch Dolby Vision videos within the app, while Android users with Dolby Vision-capable devices can share and watch Dolby Vision content, unlocking stunningly lifelike image quality. The two parties will work together to enhance video quality on Kuaishou and drive a comprehensive upgrade to user video experiences. Read more
Pony.ai Deepens Strategic Partnership with Sinotrans
On January 15, Pony.ai and Sinotrans renewed their Qingzhui Logistics joint venture agreement in Jiangmen, Guangdong, further upgrading their partnership to build new models for large-scale commercial deployment of autonomous trucks and charting a clear direction for the future development of their joint venture. This renewal supplements and deepens the strategic cooperation between Pony.ai and Sinotrans. With the combined support of both parent companies, Qingzhui Logistics will enter a new phase of accelerated growth. Read more
Xpeng Aeroht Signs Mass Production Partnership with Schaeffler for Flying Car Powertrains
On January 8, Schaeffler and Xpeng Aeroht signed a mass production partnership agreement in Guangzhou for flying car powertrains. The two companies will collaborate on mass production of electric motor stator and rotor assemblies, jointly embracing the new era of low-altitude economy. This partnership marks Schaeffler's expansion into the flying car sector, laying groundwork for future business development in the low-altitude aircraft industry. Read more
Xpeng Motors Announces Comprehensive Charging Partnership with bp
On January 14, Xpeng Charging and bp pulse signed a memorandum of understanding. Xpeng's charging network comprises over 2,000 stations with more than 10,000 charging points; bp pulse's network in China includes over 1,000 stations with 23,000 charging points. Xpeng Charging and bp pulse will open their networks to each other, providing customers with broader coverage and a superior charging experience. The two parties will also pilot projects in key economic regions of China, coordinating equipment and site resources to deploy ultra-fast charging networks in core cities. Read more
Unknown and Australia's ZoHealth Become Strategic Partners
In late December, Shenzhen Unknown Biotech and ZoHealth of Australia held a signing ceremony for their strategic partnership at Unknown's headquarters in Shenzhen. Dr. Tan Yan, co-founder and CEO of Unknown, and Michael Mason, CEO of ZoHealth, signed the strategic cooperation framework agreement, officially launching their in-depth collaboration on human gut microbiome development, precision nutrition, and health product development. Read more
Multiple 5Y Portfolio Companies Named to 2024 VENTURE50 Lists
On January 9, the 2024 VENTURE50 results were announced by Zero2IPO and PEDaily. This year's evaluation continued the dual lists of the风云榜 (Firms of the Year) and 新芽榜 (Emerging Stars), along with four major industry lists: Hard Tech, AI, Healthcare, and New Energy & New Materials. 5Y portfolio companies Vastai Technologies, METiS Pharmaceuticals, Moore Threads, Yunsilicon, and Moonshot AI were named to the 2024 VENTURE50 Firms of the Year list. 5Y portfolio companies Jizhi Robotics and Syri Technology were named to the 2024 VENTURE50 Emerging Stars list. Read more
5Y Capital Updates
5Y Capital Wins Multiple Awards from Qimingpian
In January, Qimingpian released its "2024 Equity Investment Annual Rankings" and "2024 China's Best Investors TOP100," designed to provide a comprehensive review of China's equity investment and financing market in 2024, with selections based on performance across fundraising, investment, portfolio management, and exits. **5Y Capital was honored as "2024 Best Venture Capital Firm TOP30," "2024 Best AI Sector Investor TOP20," and "2024 Best New Energy Sector Investor TOP15." 5Y Capital founding partner Qin Liu, partner Zhang Fei, and partner Yuan Ye were named to "2024 China's Best Investors TOP100." Read more**
5Y Capital Named to "Rongzhong 2024 China Equity Investment Rankings"
In January, Rongzhong released its 2024 China Equity Investment Rankings. Based on the Rongzhong database, the rankings combined questionnaire surveys and interviews for data collection, employed rigorous research methodology for verification, and set evaluation dimensions with reference to international and domestic markets and industry development trends, producing dozens of lists including the main equity investment firm rankings. **5Y Capital was honored as "2024 China Venture Capital Firm TOP30" and "2024 Best Fundraising Venture Capital Firm." Read more**
5Y Capital Named to "2024 China Venture Capital Industry Annual Rankings · Golden Investment Awards"
On January 15, the China Venture Capital Research Institute released the "2024 China Venture Capital Industry Annual Rankings · Golden Investment Awards," with four major categories — early-stage, VC, PE, and LP — covering 21 sub-lists. The evaluation comprehensively assessed fundraising, investment, portfolio management, exits, and overall influence, recognizing investment institutions with outstanding performance, exceptional contributions, and positive social impact in the past year. 5Y Capital was named to "2024 China Most Influential VC Investor TOP20," and 5Y Capital founding partner Qin Liu received "2024 China Most Influential VC Investor TOP5." Read more
5Y Capital's Xutian Jing Named to 2024 "F40 China Young Investors"
On January 20, the 2024 "F40 China Young Investors" were announced. For seven consecutive years, PEDaily — the venture and investment information platform under Zero2IPO — has presented the "F40 China Young Investors," where F stands for Fancy, representing boundless imagination, and also Future, representing forward-looking vision. Xutian Jing, Managing Director at 5Y Capital, was named to the list. Read more
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