Action Is the Simplest Method | 5Y News Monthly
The big news from last month.
5Y News Monthly
"5Y News Monthly" is a regular column from 5Y Capital. At the beginning of each month, we look back at the past month's news from 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' funding, IPOs, strategic partnerships, breakthroughs, and product launches.
02 5Y Capital Updates
News about 5Y honors, investor interviews, and insights.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Deepexi and Strong Group Form Strategic Partnership
On April 8, Deepexi and Guangdong Strong Group officially joined forces. The two sides will leverage Deepexi's real-time intelligent lakehouse platform FastData and enterprise large model Deepexi's core capabilities to jointly build Strong Group's data intelligence business analysis platform, providing scientific decision-making support for Strong Group's operations and management, and offering one-stop digital transformation services "from data to intelligence" to build the next-generation data intelligence system for snack food enterprises. Read more
Horizon Robotics Unveils Journey 6 Series Chips
On April 24, Kai Yu, founder and CEO of Horizon Robotics, announced at the company's 2024 Intelligent Driving Technology Product Launch that Horizon Robotics is releasing six Journey 6 series chips targeting low, mid, and high-end user segments. Yu stated: "The Journey 6 series will begin its first mass production delivery for pre-installed models in 2024, and is expected to achieve mass production delivery for over 10 vehicle models by 2025." Read more
Vastai Technologies and Haomayun Form Strategic Partnership
On April 9, Vastai Technologies and Haomayun, a leading domestic real-time cloud rendering platform service provider, reached a strategic partnership. The two sides will jointly build a GPU high-performance computing service cluster at the scale of thousands of cards, providing end-to-end real-time cloud rendering and AI computing services for all industries with high-quality hardware architecture solutions. Under this strategic cooperation agreement, both parties will fully leverage their respective resource advantages and engage in deep technical R&D collaboration to jointly develop real-time cloud rendering solutions. Read more
Singapore Deputy Prime Minister Heng Swee Keat Visits XtalPi
On the morning of April 11, Singapore's Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat, Ambassador to China Lui Tuck Yew, National Research Foundation CEO Beh Kian Teck, and Singapore Consul-General in Guangzhou Loh Tuck Keat, among others, visited XtalPi. Wen Shuhao, co-founder and chairman of XtalPi, attended the reception. Shuhao accompanied Deputy Prime Minister Heng on a tour of XtalPi's AI + Robotics Lab, providing detailed introductions to the latest achievements of its innovation R&D platform in new drug discovery and new materials R&D, as well as XtalPi's collaborations with Singapore's national drug R&D platform EDDC and other research institutions and universities in cutting-edge fields. Read more
Moore Threads and QingCloud Technology Form Strategic Partnership
On April 19, Moore Threads and QingCloud Technology, a leading domestic enterprise cloud service provider and digital solutions provider, reached a strategic partnership. The two sides will use the deep integration of Moore Threads' full-function GPUs and QingCloud's AI intelligent computing products and services as an innovation driver, focusing on domestic AI innovative applications and digital construction for government and enterprise markets, jointly promoting the deep integration of AI and digital applications, building a prosperous domestic intelligent computing ecosystem in the AGI era, and contributing to the broader digital economy. Read more
SenseTime Releases Ultra-Large Language Model "SenseNova 5.0"
On April 23, at a product launch event in Beijing, SenseTime officially unveiled its latest AI large model "SenseNova 5.0." The model adopts an advanced Mixture-of-Experts (MoE) architecture, featuring high efficiency and accuracy. Additionally, SenseNova 5.0 is benchmarked against GPT-4 Turbo, demonstrating exceptional capabilities across knowledge, reasoning, mathematics, and coding. Read more
Shukun Technology Debuts "Digital Human 3.0" at CMEF 2024
From April 11-14, the 89th China International Medical Equipment Fair (Spring) was successfully held at the National Exhibition and Convention Center under the theme "Innovative Technology, Intelligence Leads the Future." As a global leader in medical AI, Shukun Technology made a stunning appearance at this year's exhibition, showcasing its latest innovations in response to new trends and empowering the long-term development of the healthcare industry. On the first day of the exhibition, Shukun Technology officially released "Digital Human 3.0." Mao Xinsheng, founder and chairman of Shukun Technology, Ma Chune, founder and CEO, and nearly one hundred guests and attendees witnessed the launch ceremony. Read more
Pony.ai Partners with Toyota China and GAC Toyota for Fully Driverless Mobility Services
On April 25, at the Beijing Auto Show, Pony.ai, Toyota China, and GAC Toyota announced that their three-party joint venture is nearing completion of registration. Meanwhile, the first phase plans to deploy thousands of bZ4X autonomous driving vehicles to the Chinese market. After rolling off the production line, these vehicles will be seamlessly integrated into Pony.ai's Robotaxi operations platform to carry out large-scale fully driverless mobility services in first-tier Chinese cities. Read more
Xpeng Motors and Volkswagen Group Sign Strategic Partnership Agreement
On April 17, Xpeng Motors and Volkswagen Group signed a strategic partnership agreement on electronic and electrical architecture technology. He Xiaopeng, chairman and CEO of Xpeng Motors, stated: "Our shared passion for technological innovation has brought Xpeng Motors and Volkswagen together. Both sides will leverage our respective strengths to push our strategic cooperation to new heights. This strategic cooperation centered on our industry-leading electronic and electrical architecture marks a new level of depth and breadth in our partnership. Through this powerful alliance, our electric vehicle models will combine technological leadership with cost advantages, bringing highly competitive products to the market." Read more
Xpeng Aeroht Receives AS9100D Quality Management System Certification
On April 19, Xpeng Aeroht received a quality management system certification certificate from globally recognized certification body Intertek SAI Global, with the certification scope covering the design and development of flying car products. The AS9100D standard builds upon ISO 9001 with additional aerospace quality management requirements, published by the International Aerospace Quality Group (IAQG). It is widely adopted and recognized as the quality management system standard for the aerospace industry. Read more
Multiple 5Y Portfolio Companies Named to "2024 Forbes China AI Tech Companies" List
In April, Forbes China released the "2024 Forbes China AI Tech Companies TOP 50" list. To showcase benchmark enterprises and individuals who have achieved outstanding results in the AI field, and to share their success models and development paths, Forbes China officially launched this list selection. The selection process spanned seven months, involving in-depth research and analysis across technological development, application scenarios, industrial ecosystem, and market size in the AI industry. 5Y portfolio companies Deepexi, SenseTime, and Pony.ai were named to the list. Read more
02
5Y Capital Updates
5Y Capital Wins "Smart Healthcare Investment Firm of the Year"
On April 26, healthcare investment bank Hy Capital released the "8th Healthcare Investment Excellence Awards." As an important barometer for assessing enterprise market value and institutional brand influence in the healthcare investment industry, the Healthcare Investment Excellence Awards have adhered to principles of fairness, impartiality, and objectivity since their inaugural release in 2017, honoring investment institutions and healthcare companies with outstanding performance and contributions each year. 5Y Capital was awarded "Smart Healthcare Investment Firm of the Year." Read more
5Y Capital Partner Ye Yuan Named to
Chinaventure "54 Best Young Investors List"
On April 30, to recognize young investors who have worked diligently and achieved results in the VC/PE industry over the past year, Chinaventure and Chinaventure Research Institute released the "Chinaventure · 54 Best Young Investors List." The list aims to identify outstanding young investors and inspire those who continue to contribute to the new economy. 5Y Capital Partner Ye Yuan was named to the "54 Best Young Investors List." Read more
Casual Chat About Indonesia: When Chinese Entrepreneurs Unlock a New Map
| 5Y Tavern Vol.16 [Podcast]
Against a backdrop of global economic uncertainty, Southeast Asian markets are attracting more Chinese entrepreneurs with their rapid economic growth, demographic dividends, and gradually unleashed consumer demand. As the largest economy in Southeast Asia by GDP, Indonesia is becoming a strategic choice for more entrepreneurs. For entrepreneurs going overseas, what has left the deepest impression? For those who were first to unlock the Indonesia map, what pitfalls have they encountered in this new market, and what experiences do they have to share? In this episode of 5Y Tavern, we invited Desty founder & CEO Ben Gong, Laizanbao president Hu Haichuan, Sensors Data founder & CEO Sang Wenfeng, and 5Y Capital Partner Liu Kai to share their observations about expanding into Indonesia. Read more
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