Change Begins with What You See | 5Y News Monthly
The big news from 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 the past month's news and updates from 5Y and our portfolio companies, sharing them with friends who follow us — we hope it helps you get to know 5Y better.
01 Portfolio Company Highlights
Major news on funding, IPOs, strategic partnerships, breakthroughs, and new product launches from 5Y portfolio companies.
02 5Y Capital Updates
News on honors and awards, investor interviews, and thought leadership from 5Y.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Deepexi and Suzhou Data Asset Operations Co. Form Strategic Partnership
On April 29, Suzhou Data Asset Operations Co. and Beijing Deepexi Technology Co. held a product and solutions launch event. At the event, the two parties signed a strategic cooperation agreement to jointly establish a "Large Model Application Lab." Chen Jun, Chairman of Suzhou Data Asset Operations, and Zhao Jiehui, Chairman and CEO of Deepexi, attended the event. Read more
MatrixOrigin Closes $10M+ Pre-A Round
In May, MatrixOrigin announced the completion of a $10 million+ Pre-A round led by 21Vianet with Honour Base as a co-investor. Following this round, MatrixOrigin will expand from its hyper-converged heterogeneous database MatrixOne into AI infrastructure and AI platform, with deep integration and collaboration with 21Vianet's AIDC business. Read more
PhiGent Robotics Raises $30M
In May, PhiGent Robotics announced the completion of a $30 million Pre-B round jointly led by Beijing E-Town Industrial Upgrading Fund and Beijing Intelligent Connected Vehicle Industry Fund, with continued follow-on investments from existing shareholders and Horizon Robotics making a further strategic investment. The proceeds will be used to advance the scaled production of the company's high-level intelligent driving solutions and "all-in-one" binocular stereo vision products, as well as the productization of cutting-edge technologies such as end-to-end autonomous driving. Read more
Mengniu Partners with Kingsoft Office: WPS 365 Powers Enterprise Intelligence
In May, Kingsoft Office and Mengniu announced a joint innovation partnership. Leveraging the open API capabilities of WPS 365, Mengniu is building an AI-friendly enterprise knowledge bank and an "enterprise brain" to become an intelligent productivity company. The initiative will integrate AI into scenario workflows, enable intelligent and precise decision-making, and empower the full R&D-to-sales chain — using AI to build new-quality productive forces and a dual-flywheel AI model across the entire industry chain, achieving comprehensive upgrades in office automation and enterprise intelligence. Read more
Kuaishou and Rongjiang County, Guizhou Launch Public Welfare Strategic Partnership: Jointly Cultivating Village Super League Talent and Building Signature Events
On May 20, Kuaishou and the Rongjiang County Government held a strategic cooperation signing ceremony, officially announcing a partnership centered on "Guizhou Village Super League." Going forward, both sides will jointly cultivate promising players and develop signature events. Kuaishou will further leverage its platform advantages to provide public welfare support and promotional backing for Village Super League tournaments, jointly contributing to the vibrant development of grassroots sports. Read more
Moore Threads and Yijing Zhilian Form Strategic Partnership
In May, Moore Threads and Yijing Zhilian reached a strategic partnership focused on applying advanced generative AI technology to higher education. The two parties will leverage Moore Threads' full-function GPUs and Yijing Zhilian's AI platform to provide universities with integrated AI solutions encompassing hardware-software all-in-one machines, AIGC courses, and practical training platforms. Read more
SenseTime and China Telecom Shanghai Form Strategic Partnership
In May, SenseTime announced that China Telecom Shanghai held a launch event on May 16 where the "Smart Cloud Shanghai Ecosystem Alliance" was formally established. SenseTime and China Telecom Shanghai signed a strategic cooperation agreement, with both parties joining the Smart Cloud Shanghai ecosystem alongside upstream and downstream industry partners to jointly drive Shanghai's advancement as a global city. The initiative is committed to providing efficient, convenient services to Shanghai residents and enterprises through digital means, supporting Shanghai's vision to become a world-leading smart city. Read more
Xpeng Aeroht's Land Aircraft Carrier Unveiled, Pre-orders to Begin Q4 2024
At the 2024 Beijing Auto Show, Xpeng Motors CEO He Xiaopeng announced highly anticipated news. The new Xpeng Aeroht product — the Land Aircraft Carrier — has completed key airworthiness certification and is expected to begin pre-orders in Q4 2024. In an interview, He Xiaopeng said: "We are honored to introduce this milestone product. It not only demonstrates Xpeng Motors' R&D strength and innovation capabilities, but also proves that the intelligent transportation industry is undergoing a disruptive transformation." Read more
Xpeng Motors Announces Entry into Australian Market
On May 9, Xpeng Motors officially announced its entry into the Australian market. The company has established a partnership with Australian firm TrueEV, which will become Xpeng Motors' exclusive importer, distributor, and retailer in Australia. Under the partnership, TrueEV plans to first introduce Xpeng Motors' coupe SUV model G6 to Australia in Q4 this year. Read more
Xiaomi and JD.com Reach New Strategic Partnership
In May, Xiaomi and JD.com reached a new strategic partnership. Xiaomi Group Partner, President and Head of International Business Lu Weibing and JD.com Group CEO Xu Ran attended the ceremony and witnessed the strategic signing. The two sides set a target of 200 billion RMB in Xiaomi's omni-channel sales on JD.com over the next three years, and will continue to deepen cooperation in retail, logistics, technology, finance, industrials, property development, healthcare, and insurance — achieving deep integration and coordinated development across multiple industries and exploring broader market growth opportunities. Read more
GalaxySpace Achieves First Overseas Deployment of LEO Broadband Satellite Internet in Thailand
On May 21, GalaxySpace and Thailand's Mahanakorn University of Technology completed the first trial verification of low-orbit satellite internet broadband communications in Thailand — also marking the first overseas application exploration of China's low-orbit broadband satellite internet technology. Liu Chang, Co-founder and VP of GalaxySpace, noted that this cooperation represents the first step in promoting and applying China's low-orbit broadband satellite internet technology abroad, and will catalyze Thailand's upstream and downstream industries in satellite manufacturing and network construction and operation, supporting high-quality Belt and Road development through advanced technology. Read more
02
5Y Capital Updates
5Y's Qin Liu, Zhang Fei, and Yuan Ye Named to Forbes 2024 Midas List
On June 4, Forbes magazine published the "2024 Midas List." Compiled in partnership with TrueBridge Capital Partners, the list has long tracked the ups and downs of venture capital and stands as the authoritative ranking of the world's top 100 tech investors. 5Y Capital founding partner Qin Liu, partner Zhang Fei, and partner Yuan Ye were named to the list. Read more
5Y Capital Named to Multiple ChinaVenture Rankings
On May 10, the 2023 ChinaVenture rankings were released. As an independent third-party institution, ChinaVenture has published China's venture capital and private equity series rankings — the "ChinaVenture List" — for 18 consecutive years. 5Y Capital was named to "ChinaVenture 2023 Top 30 Best VC Firms," "Top 20 Best Foreign VC Firms," and "ChinaVenture 2023 Top 30 Best Investors in Digitalization and Informatization." Read more
5Y Capital Named to Diyixinsheng "2024 Q1 China's Most Active Firms"
On May 30, Diyixinsheng released its 2024 Q1 China's Most Active Firms series rankings. To better assess transaction activity in China's new economy equity investment market, Diyixinsheng continues to focus on early-stage investors, VC firms, PE firms, financial advisors, and LPs, selecting the most active firms to serve as "a fundraising guide for entrepreneurs and an investment reference for LPs." 5Y Capital was named to the "Top 30 Most Active VC Firms." Read more
2024 Future Healthcare 100 Rankings Released: 5Y Capital Named to List
On May 9, the 2024 Future Healthcare 100 rankings were released. Founded in 2015, the Future Healthcare 100 is China's first ranking focused on non-listed companies in innovative healthcare, launched by VB100, Arterial Network, and Eggshell Research Institute. It aims to identify innovators who truly represent the future of Chinese healthcare, discover the core forces driving the industry, and advance innovation and transformation in health and medical care. 5Y Capital was named to the "Digital Healthcare Investor of the Year" list. Read more
5Y Partner Kai Liu Named to ChinaVenture 2023 NOVA Top 50 Emerging Investors
On May 9, ChinaVenture released the "ChinaVenture · Nova · Emerging Investors" rankings. Known for its professionalism, authority, and rigor, the ChinaVenture List is regarded as a barometer of China's equity investment industry and serves as an important reference for major institutional LPs when making allocation decisions. 5Y Capital partner Kai Liu was named to the "ChinaVenture 2023 NOVA Top 50 Emerging Investors." Read more
2024 Cyzone 40 Under 40 Investors List Released: 5Y's Kai Liu Named
On May 22, the 2024 Cyzone 40 Under 40 Investors list was officially released. Since 2013, Cyzone has run this selection for 12 consecutive years, aiming to find capital partners who are active at the frontier of venture capital and standing firm at the cutting edge. Over the past 11 years, 275 outstanding young investors have been named to the list. They excel at identifying innovative technologies and models, translating industry opportunities into investment theses with sharp business instincts; they embrace risk, learning from setbacks to continuously refine their investment strategies. 5Y Capital partner Kai Liu was named to the list. Read more
5Y's Xutian Jing Named to 36kr 2024 Under36 Investors List
On May 31, 36kr released its 2024 Under36 rankings. Under36 investors are selected based on track record (70%) + peer evaluation (30%), while Under36 entrepreneurs and scientists are chosen through initial screening by the "An Yong Waves" editorial team followed by investor voting. 5Y Capital managing director Xutian Jing was named to the 2024 Under36 Investors list. Read more
5Y's Yunfeng Shi Named to 2024 Forbes 30 Under 30 Asia
In May, Forbes announced the 2024 "Forbes 30 Under 30 Asia" list, recognizing young leaders across ten fields in Asia and honoring outstanding talent under 30 from each sector. 5Y Capital vice president Yunfeng Shi was named to the list.
5Y's Qin Liu: Black Soil, Flowers, Poetry and the Distance | 5Y View
This article is drawn from a speech by 5Y founding partner Qin Liu at the 5Y Capital partner meeting this April. Using three keywords — "black soil, flowers, poetry and the distance" — he shared his observations on the market and reflections on investing in disruptive technologies. He noted, "When investing in disruptive technologies, you need to deeply understand their principles and stage of development. People tend to overestimate technological progress in the short term while underestimating the transformation it can bring over the long term. We need both vision and conviction, first-principles thinking, and also judgment on technology trends and markets — finding viable paths and strategies for today, and growing together with a new generation of entrepreneurs." Read more
How Far Can "Embodied Intelligence" Take This Robotics Boom? | 5Y Tavern Vol. 17 x SV101
In this episode of 5Y Tavern, produced in partnership with SV101, 5Y managing director Peter Chen, NVIDIA China Head of Robotics Lily Li, and SV101 founder Hong Jun shared their perspectives on the robotics industry. As technology costs decline and maturity increases, is commercial application of humanoid robots close at hand? In this race, which types of players can seize the initiative? What new tools and technologies are emerging in the AI-enabled robotics industry, and what challenges remain to be overcome? Read more
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