Confidence Is Tomorrow's Trailblazer | 5Y News Monthly
The major events that happened last month.
5Y News Monthly
"5Y News Monthly" is a recurring 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 us better.
01 Portfolio Company Highlights
Major news about 5Y portfolio companies, including funding rounds, IPOs, strategic partnerships, breakthroughs, and new product launches.
02 5Y Updates
News about 5Y honors, investor interviews, and perspective pieces.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
DirectDrive Tech Launches P1010A Integrated Joint Module
On June 18, DirectDrive Tech officially launched its new P1010A_111 quasi-direct-drive robotic joint module. The module delivers a peak torque of 120Nm with a torque constant of 2.5Nm/A. Dr. Yu, head of the company's motor R&D team, noted that the P1010 series integrated joint module represents a year of development and continuous optimization by the technical team. It features precision, high torque output, high power density, high reliability, and low noise — providing exceptional performance and reliability for robotics applications. Read more
Kingsoft Office and Qi An Xin Form Strategic Partnership
On June 13, Kingsoft Office and Qi An Xin Group signed a strategic partnership in Beijing. The two companies will collaborate across multiple dimensions including cybersecurity technology innovation, product development, and market expansion, jointly driving security upgrades and intelligent transformation in China's office software industry. Read more
XtalPi Lists on Hong Kong Stock Exchange
On June 13, 2024, XtalPi (2228.HK) officially listed on the Main Board of the Hong Kong Stock Exchange, with an IPO price of HK$5.28 per share and net proceeds of approximately HK$1.141 billion. Hong Kong Financial Secretary Paul Chan; Secretary for Innovation, Technology and Industry Sun Dong and Deputy Secretary Cheung Man-lei; HKEX Group CEO Bonnie Chan and Chairman Victor Fung attended the listing ceremony. They joined XtalPi co-founders Shuhao Wen, Jian Ma, and Lipeng Lai in witnessing the historic debut of the first company listed under HKEX's Chapter 18C regime. Read more
Kuaishou Becomes Authorized Broadcaster of Paris Olympics
On June 14, short-video and live-streaming platform Kuaishou announced an authorized partnership with China Media Group, securing on-demand and short-video rights for the 2024 Paris Olympics and becoming an official broadcaster. The platform will invite its 700 million users to "catch the Olympics on Kuaishou." This marks Kuaishou's third time as an Olympic broadcaster, following the 2020 Tokyo Olympics and 2022 Beijing Winter Olympics. Read more
Leman Biotech Closes RMB 50 Million Financing Round
On June 18, Shenzhen Leman Biotech announced the completion of two consecutive funding rounds — an angel+ and angel++ round — totaling RMB 50 million. New investors include Fuhui Venture Capital, Yunfan Tech Investment, and private individual investors. Existing shareholders Tiantu Capital and XtalPi also increased their stakes. Additionally, Leman Biotech and its metabolically enhanced CAR-T program have secured approximately RMB 20 million in various grants. Read more
ReviR Therapeutics Receives Investment from CMT Research Foundation
On June 19, ReviR Therapeutics and the CMT Research Foundation (CMTRF), a nonprofit dedicated to advancing Charcot-Marie-Tooth (CMT) therapies and patient care, announced a strategic partnership. With CMTRF's funding support, ReviR will advance research on small-molecule targeted RNA therapies that modulate expression of the CMT1A disease-causing gene. Read more
SenseTime and Golden Stream Investment Form Strategic Partnership
On June 4, SenseTime signed a strategic partnership with Golden Stream Investment, part of Hony Capital Group. The two parties will leverage their respective strengths to deepen collaboration in AI+finance, AI ecosystem building, and AI globalization. SenseTime co-founder Xu Bing commented: "This partnership with Golden Stream will draw on our deep accumulation in large model technology and applications to help Golden Stream achieve leaps in both cost efficiency and operational effectiveness in fintech. Together we'll explore new frontiers in financial technology, shape industry innovation, and unlock unlimited possibilities for the future." Read more
TapData and Master Concept Form Strategic Partnership
In June, TapData officially announced a strategic partnership with Master Concept. By combining their technical strengths and industry experience, the two companies will jointly advance data-driven transformation for enterprises. Going forward, TapData's real-time data pipelines and centralized data bus architecture will reach more enterprises through Master Concept's extensive client network, enabling efficient data processing and integration. Read more
METiS Pharmaceuticals Closes $100 Million Series C Round
On June 21, METiS Pharmaceuticals, an innovative biotech company focused on "AI + drug delivery," announced the completion of a $100 million Series C round led by a CICC Capital fund, with participation from Taiping Hong Kong InsurTech Innovation Fund, under China Taiping Insurance Group. Together with previous investments from top institutions including HSG, China Life Private Equity Investment Company Limited, PICC Equity, 5Y Capital, FreeS Fund, Source Code Capital, Luminous Ventures, and Monolith, METiS has now raised nearly $300 million in total funding. Read more
Buting Tech Closes Nearly RMB 100 Million Series A+ Round
In June, Shenzhen Buting Technology announced the completion of a nearly RMB 100 million Series A+ round led by Huashan Capital (WestSummit Capital), with participation from existing investor Future Technology (Professor Bingqiang Gao's ecosystem fund). Existing investors Tsing Bay Ventures (Professor Zexiang Li's fund) and ZhiXing No.1 Fund (Professor Jie Gan's fund) continued their support for a third consecutive round, exceeding their pro-rata allocations. Star Capital served as exclusive financial advisor for subsequent fundraising. Proceeds will be used for product R&D and global delivery. Read more
Xpeng AeroHT and Autoliv China Sign Strategic Partnership
On June 3, Autoliv China and Xpeng AeroHT signed a strategic partnership in Guangzhou. Based on their shared commitment to future mobility safety, the two companies will collaborate on initiatives to advance flying car technology and jointly develop safety solutions for future transportation. According to Xpeng AeroHT founder Deli Zhao, this strategic partnership marks a new height in their relationship and represents a comprehensive optimization and upgrade of AeroHT's supply chain. Read more
Xinhuazhang Releases FusionFlex, Full-Flow Agile EDA Verification Manager
On June 24, at DAC 2024 — the annual global Electronic Design Automation conference — Xinhuazhang, a domestic provider of system-level verification EDA solutions, released FusionFlex, an agile verification manager for the full EDA flow. Concurrently, Xinhuazhang jointly demonstrated with domestic EDA leader Empyrean Software their latest co-developed solution for mixed-signal simulation. Read more
02
5Y Updates
5Y Capital Ranked on FOFWEEKLY's "2024 New Quality Productive Forces Investment Institutions Soft Power List"
On June 28, FOFWEEKLY released its "2024 New Quality Productive Forces Investment Institutions Soft Power List." The ranking combines public surveys and objective data to comprehensively evaluate GP capabilities across multiple dimensions. 5Y Capital was named to both "Top 100 GPs by New Quality Productive Forces Soft Power" and "Top 20 GPs by Service Empowerment." Read more
5Y Capital Ranked on 36Kr's "Top 10 Venture Capital Firms in China"
On June 15, 36Kr released its "China Equity Investment Institutions Annual List." Based on 36Kr's online equity investment market survey system, the ranking comprehensively considers factors including AUM and industry influence, investment activity over the past 3+1 years, star portfolio companies, follow-on funding rates, and exit returns. 5Y Capital was named to "2024 Top 10 Venture Capital Firms in China's Equity Investment Industry." Read more
5Y Capital's Qin Liu, Fei Zhang, and Ye Yuan Named to 36Kr's "Top 100 Investors Most Popular Among Entrepreneurs"
On June 15, 36Kr released its "Top 100 Investors Most Popular Among Entrepreneurs" list. Since 2018, drawing on its long-standing influence among entrepreneurs, 36Kr has published this annual list. Over seven years, 36Kr has continued to recognize investors who stand with entrepreneurs, provide genuine help, and ultimately deliver real value to the venture capital market. After nearly two months of data collection and market reputation research, the 2024 list was officially released. 5Y Capital founding partner Qin Liu, partner Fei Zhang, and partner Ye Yuan were all named to the list. Read more
How Far Can "Embodied AI" Take This Robotics Boom? | 5Y Tavern Vol. 17 x Silicon Valley 101
From Tesla's Optimus to Boston Dynamics' Atlas, advances in humanoid robots seem to signal the end of Moravec's paradox — the historical difficulty robots faced with perception and motor tasks. As technology costs fall and maturity rises, is commercial deployment of humanoid robots within reach? In this race, which types of players can seize the initiative? What new tools and technologies are emerging in AI-powered robotics, and what challenges remain? In this episode of 5Y Tavern, produced in partnership with Silicon Valley 101, 5Y Capital managing director Peter (Chen Zhe) joined NVIDIA China robotics lead Lily Li and Silicon Valley 101 founder Hong Jun to share their perspectives on the robotics industry. Read more
Ye Yuan on AI Observations | 5Y View
At 5Y Capital's annual LP meeting this April, partner Ye Yuan shared his observations and reflections on AI. He noted: "AI-era entrepreneurs must pursue startup agility while also having the courage to make decisive bets. We believe a new generation of entrepreneurs will continuously evolve their capabilities in pursuit of their mission, and design organizational forms for the future. In the AI era, every founder is an architect of the future." Read more
Kai Liu on the Evolution of Tech Supply Chain Investing | 5Y View
At 5Y Capital's annual LP meeting this April, partner Kai Liu shared his thinking on hard tech investing. He discussed several ecosystems in hard tech investing and how to respond to change: "These changes may involve technological evolution or stability, business model innovation or continuity, and at a deeper level, changes or constants in human nature. Change itself isn't always positive, and constancy isn't always negative — what matters is how we build and refine our own circle of competence." Read more
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