April: Growing Upward | 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 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 on financing, IPOs, strategic partnerships, breakthroughs, and new product launches from 5Y portfolio companies.
02 5Y Capital Updates
News on 5Y honors, investor interviews, and perspectives.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Kingsoft Office Forms Strategic Partnership with China Resources Digital
Kingsoft Office and China Resources Digital have signed a strategic cooperation agreement. Under the agreement, the two sides will combine their strengths to collaborate on next-generation smart office platforms, product ecosystems, and joint industry solutions — integrating AI large model technology development with national IT innovation strategy requirements. Through WPS 365, they aim to build a new generation of smart office models, accelerate the deployment of new quality productive forces in the workplace, and provide digital office support for high-quality enterprise development.
Kuaishou Partners with Huawei
Launches Native App Development for HarmonyOS NEXT
On March 6, the HarmonyOS official WeChat account announced that Kuaishou will fully embrace the HarmonyOS ecosystem, launching native app development for the Kuaishou app. Kuaishou is expected to bring "a richer content ecosystem" and "leading short-video social service capabilities" to HarmonyOS, while HarmonyOS will deliver "all-scenario short-video social experiences" and "smoother, more intelligent, and more convenient lifestyle services" to hundreds of millions of Kuaishou users. Read more
SenseTime Partners with Three Leading Remote Sensing Data Platforms
In March, SenseTime partnered with three leading domestic remote sensing data platforms — "Jilin-1 Network," "Siwei Earth," and "Star Map Earth" — to upgrade the data sources for its "SenseEarth Intelligent Remote Sensing Cloud" platform. Users can now directly access high-precision imagery services online through the SenseEarth platform without needing to prepare their own data, and generate professional remote sensing analysis results based on SenseTime's "SenseEarth Boundary" AI remote sensing large model. Read more
WeDoctor Signs Strategic Partnership with Tencent
On March 15, WeDoctor and Tencent signed a strategic cooperation agreement and cloud platform cooperation agreement. Leveraging cloud computing, large models, digital humans, and other key digital technologies, combined with extensive and in-depth healthcare application scenarios, the two parties will jointly advance medical large models and upgrade the "Six-Disease Co-Management Platform," creating a demonstration city for medical AI applications in China. Read more
Unknown and Luoxin Pharmaceutical Form Strategic Partnership
Recently, Luoxin Pharmaceutical and Shenzhen Unknown Biotechnology signed a "Strategic Cooperation Framework Agreement" in Shenzhen. Unknown has granted Luoxin exclusive commercialization rights for its intestinal microbiota transplantation medical technology within agreed cooperation regions and channels. The two parties have established a win-win strategic partnership based on complementary strengths, mutual benefit, and joint development. Read more
YueTai Technology and Signet Therapeutics Sign Strategic Cooperation Agreement
Recently, Signet Therapeutics and YueTai Technology formally signed a strategic cooperation agreement. Signet Therapeutics will use its organoid technology platform, particularly cardiac organoids and ovarian organoids, to provide scientific research collaboration services for YueTai Technology's RevOrgan anti-aging intervention ingredient discovery and efficacy evaluation. Read more
Xiaomi SU7 Officially Launches
On the evening of March 28, Xiaomi Group Chairman Lei Jun announced at the Xiaomi Auto launch event that the Xiaomi SU7 was officially going on sale, offered in three versions — Standard, Pro, and Max — priced at RMB 215,900, RMB 245,900, and RMB 299,900 respectively. According to official Xiaomi Auto figures, the Xiaomi SU7 series surpassed 50,000 pre-orders within 27 minutes of launch, and reached 88,898 pre-orders within 24 hours. Read more
Pony.ai and GemVaxLink Establish Joint Venture
Advancing Autonomous Driving Deployment in South Korea
In March, Pony.ai and Korean technology company GemVaxLink held a signing ceremony in Seoul, South Korea, announcing the establishment of a joint venture. Through deep integration of both parties' resources and technical strengths, they will build leading autonomous driving mobility technology and services for the Korean market. This partnership marks the beginning of Pony.ai's technology export to East Asia, representing another important step in its global autonomous driving deployment. Read more
Xpeng Motors Officially Enters German Market
On March 28, Xpeng Motors announced its official entry into the German market, launching the Xpeng G9 and Xpeng P7 in their market-ready versions. Xpeng Motors will begin selling these models in Germany starting May this year, marking another important step in the company's globalization journey. Xpeng plans to enter additional European markets including France, Italy, and the UK. Building on strong sales performance and product reputation in Denmark, Norway, and Sweden, Xpeng Motors aims to capture 3% market share in its vehicle segments in Germany's new energy vehicle market by year-end. Read more
Xinhuazhang and Woodpecker Semiconductor
Reach Exclusive EDA Strategic Partnership
Xinhuazhang and Woodpecker Semiconductor announced an exclusive strategic partnership in March. The two parties will jointly advance EDA technology collaboration in chip verification and testing. Wang Libin, Chairman and CEO of Xinhuazhang, stated: "By combining the technologies and products of both companies, we believe this partnership will bring customers more comprehensive and efficient vertical solutions for verification and testing, further accelerating the full industrialization of high-reliability RISC-V SoC chips across various sectors." Read more
Zilliz Partners with NVIDIA to Release
World's First GPU-Accelerated Vector Database
On the morning of March 20, San Francisco time, Zilliz and NVIDIA jointly unveiled Milvus 2.4 at GTC 2024, demonstrating the power of open innovation and community-driven development and ushering in a new era of GPU acceleration for vector databases. This milestone signals another technological transformation: vector databases may experience exponential performance leaps similar to NVIDIA's 1,000x increase in GPU computing power over the past eight years. Read more
02
5Y Capital Updates
GTC Notes: Stay Sensitive, Think About the Next Transformation
The 2024 NVIDIA GTC conference, held on March 18, once again set the tech world abuzz. NVIDIA unveiled its new Blackwell architecture chip platform, while showcasing its latest advances in artificial intelligence, deep learning, robotics, and graphics processing. The debut of its first humanoid robot model also sent ripples through the tech community. As one of NVIDIA's most important annual technology launch platforms, GTC is widely recognized as an "AI weather vane." This article comes from a 5Y colleague's on-the-ground notes from GTC — we hope it offers some food for thought. Read more
5Y Capital Named to "Top 20 Digital Economy Investment Firms" List
To better evaluate transaction conditions in the new economy equity investment market, Diyixinsheng has for three consecutive years focused on early-stage investment firms, venture capital firms, private equity firms, financial advisors, and LPs, conducting multi-dimensional assessments across investment, fundraising, exits, IPOs, service transactions, tech post-investment support, and market influence to produce its "Invest in China — China Investment Firm Series Rankings." **5Y Capital was named to the "Top 20 Digital Economy Investment Firms" list. Read more**
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