January, a Fresh Start | 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 in the hope of helping you understand 5Y better.
01 Portfolio Company Highlights
Major news about funding, IPOs, strategic partnerships, breakthroughs, and new product launches from 5Y portfolio companies.
02 5Y Capital Updates
News about 5Y honors, investor interviews, and perspective pieces.
Note: Companies listed below are arranged alphabetically by pinyin.
01
Portfolio Company Highlights
Abogen Bioscience partners with HD Biosciences
In December, Abogen Bioscience Co., Ltd. and Zhongshan HD Biosciences Co., Ltd. signed a cooperation agreement. This partnership will leverage both parties' technical strengths in agonistic antibodies and mRNA tumor vaccines to jointly develop combined applications of agonistic antibodies with mRNA therapeutic cancer vaccines, dedicated to expanding and advancing new approaches in anti-tumor immunotherapy and providing better treatment options for cancer patients worldwide. Read more
Horizon Robotics and Volkswagen's CARIAD formally establish joint venture
In December, Horizon Robotics and CARIAD, the software company of Volkswagen Group, officially announced the establishment of their joint venture CARIZON. Horizon Robotics stated that the new joint venture will be headquartered in Beijing, with plans to recruit over 300 employees by the end of 2023. The new company will integrate Horizon's hardware-software capabilities with CARIAD's expertise in intelligent vehicle body and software system integration to develop full-stack advanced driver assistance systems and autonomous driving solutions. Read more
Kingsoft Office and Yealink enter strategic partnership
In December, Yealink and Kingsoft Office reached a strategic partnership, with both parties signing a framework cooperation agreement in the digital office meeting space. They will conduct in-depth cooperation on intelligent enterprise office meeting hardware and software solutions, improving office efficiency by integrating intelligent hardware devices with office platforms. The two companies will combine their hardware and software strengths on Yealink's MeetingBar A10 series intelligent Android video bars and MeetingEye 500 series ultra-HD split-type video terminals, enabling efficient online-offline linkage to meet the comprehensive future intelligent office needs of enterprises of all sizes. Read more
XtalPi enters strategic partnership with Bank of China
In December, XtalPi and Bank of China Shenzhen Branch signed a strategic cooperation agreement. Both parties will further deepen bank-enterprise cooperation and carry out comprehensive, multi-field, multi-level collaboration. XtalPi co-founder and Chairman Shuhao Wen stated: "To date, we have already engaged in various types of cooperation with Bank of China in deposit and lending services and local and foreign currency wealth management. As XtalPi's global business continues to expand and deepen, we look forward to more in-depth cooperation in cross-border business, trade financing, and global treasury management." Read more
Kuaishou and China Academy of Information and Communications Technology lead digital identity authentication technology standard
In December, the Internet Society of China announced the launch of group standard formulation for "Technical Requirements for NFC-based Enhanced Identity Authentication." This standard was jointly initiated and led by Kuaishou and the China Academy of Information and Communications Technology, filling a gap in user identity authentication standards for the short video and live streaming sectors. Kuaishou stated that by establishing this standard under the Internet Society of China, it hopes to work with more industry partners to research and discuss NFC-based enhanced identity authentication technology and applications, build industry consensus, and promote industrial implementation.
Moore Threads launches first all-domestic thousand-GPU hundred-billion-parameter model training platform
In December, Moore Threads held the unveiling ceremony for its first all-domestic thousand-GPU hundred-billion-parameter model training platform — the Moore Threads KUAE Intelligence Computing Center — in Beijing, marking the official launch of China's first large-scale computing cluster built on domestic full-function GPUs. At the same time, Moore Threads joined with numerous domestic partners to establish the "Moore Threads PES-KUAE Intelligence Computing Alliance" and the "Moore Threads PES-Large Model Ecosystem Alliance," jointly strengthening the domestic large model integrated ecosystem from intelligence computing infrastructure to large model training and inference, continuously accelerating the development of China's large model industry. Read more
StartDT releases self-developed first-generation data cloud operating system StartDT SimbaOS
In December, the 2023 StartDT Day Data Intelligence Technology Conference and Data Cloud Operating System Product Launch, hosted by StartDT (StartDT, GrowingIO) with the theme "Data@Future," was held. At the conference, StartDT's self-developed new-generation data cloud operating system StartDT SimbaOS was officially unveiled, featuring cross-cloud native capabilities, full-domain integration, hybrid scheduling, efficient modeling, security compliance, and intelligent operations — helping clients build enterprise-grade data capabilities to manage and leverage full-domain data assets. Read more
Xinhuazhang establishes deep cooperation with SiEngine Technology
In December, Xinhuazhang, a provider of system-level verification EDA solutions, and SiEngine Technology, a domestic high-end automotive-grade chip design company, formally established a strategic partnership. The two parties will join forces, with SiEngine Technology adopting Xinhuazhang's EDA verification tools to empower collaborative development of automotive-grade chips and application software, helping significantly shorten product time-to-market and accelerate innovation in next-generation intelligent driving chips. Read more
Xpeng Motors' "Land Aircraft Carrier" flying car receives first 100-unit order
In December, during the 5th Zhejiang International Smart Transportation Industry Expo, the Jiaxing Nanhu District Road-Air Collaborative Stereoscopic Transportation Industry Research Institute and Guangdong Huitian Aerospace Technology Co., Ltd. signed a reservation agreement, planning to reserve 100 "Land Aircraft Carrier" flying cars for comprehensive management in highway, waterway, and other transportation sectors, as well as for flying camp experiences and station shuttle services. Meanwhile, Nanhu Transportation Science Research Institute, Ningxia Department of Transportation Traffic Law Enforcement Bureau, and Xpeng Motors jointly signed a flying car pilot application cooperation agreement, which will pioneer demonstration applications of flying cars in transportation, culture, tourism, and other fields. Read more
Xiaomi holds auto technology launch event, Xiaomi SU7 unveiled
On December 28, Xiaomi held its auto technology launch event. The event introduced five core technologies of Xiaomi Auto: electric drive, battery, mega-casting, intelligent cockpit, and intelligent driving. Xiaomi's starting point in building cars is to create an advanced "mobile intelligent space." As Xiaomi enters its new decade, the group's strategy has been comprehensively upgraded to "Human-Car-Home Full Ecosystem," with the automobile becoming the most important part of Xiaomi's strategy. Read more
Multiple 5Y portfolio companies named to ChinaVenture 2023 Rising Companies list
In December, ChinaVenture released its "Rising Companies 100" list for the fourth year, with a focus on technology innovation sectors including cloud computing, big data, IoT, artificial intelligence, semiconductor chips, biomedicine, medical devices, smart healthcare, and enterprise services. 5Y portfolio companies DPTechnology, Juxin Microelectronics, StartDT, GravityXR, Future Robot, Xinhuazhang, and Neox Biotech were named to the list. Read more
5Y Capital Updates
5Y's Qin Liu, Zhang Fei, and Yuan Ye named to "Forbes China 2023 Midas List"
In December, Forbes China released its 2023 Midas List. For the 17th consecutive year, the list independently researched active venture capital investors in the Chinese mainland market, identifying 100 investors with strong performance over the past five years from nearly a thousand samples recommended by hundreds of venture capital institutions. **5Y Capital founding partner Qin Liu, partner Zhang Fei, and Yuan Ye were named to the list. Read more**
5Y Capital named to Jiemian's 2023 China's Top Venture Capital Firms list
In December, Jiemian released its "China's Top Venture Capital Firms" list for the seventh time. This series of lists aims to provide entrepreneurs, FOFs, and LPs with the truest picture of the venture capital industry, identifying those investors and institutions that are best at seizing opportunities amid China's economic shifts, demonstrate the most profound judgment and leadership in innovative industries, and are most helpful and influential to entrepreneurs. 5Y Capital ranked TOP4 on the "China's Top Venture Capital Firms" list.
5Y's Qin Liu named "2023 Investment Industry Figure of the Year"
In December, FOFWEEKLY launched its equity investment industry figures awards and released the "Investment Industry Figure of the Year" special award and "Investment Industry Young Leaders" list, aiming to recognize role models during the downturn and bring positive energy to industry development. **5Y Capital founding partner Qin Liu received the "2023 Investment Industry Figure of the Year" honor. Read more**
TMTpost releases 2023 Annual Investment Institutions Pioneer List, 5Y Capital named
In December, TMTpost Venture Capital released its 2023 Annual Investment Institutions "Pioneer List." The list collected 2023 annual data from 200+ active domestic primary market investment institutions, combined with cross-verification from multiple public databases, and selected pioneer institutions with outstanding performance in fundraising, investment, portfolio management, and exits, 8 major hot sectors, and venture capital ecosystem building in 2023. **5Y Capital received "Advanced Manufacturing Investment Pioneer TOP20" and "Consumer Investment Pioneer TOP20." Read more**
WAVE2023 Global Navigator Annual List released, 5Y Capital named
In December, the "Tide Rising · Flowing Forward — 2023 Global Navigator Conference," hosted by New Yellow River, Economic Observer, and霞光智库, was held. 霞光智库 released the "Global Navigator 2023 Annual List" through selection and voting processes, with categories including Annual Enterprise, Annual Service Provider, Annual Developer, Annual Figure, and Annual Investment Institution. 5Y Capital received the "Global Navigator Annual Investment Institution" honor. Read more
5Y Capital named to Hurun Global Cheetah Investment Institutions 2023 list
The Hurun Research Institute and Guangzhou Nansha jointly released the "Hurun Global Cheetah Index 2023" in December, listing global companies founded after 2000 with the highest likelihood of reaching unicorn status — $1 billion valuation — within five years. Based on the number of cheetah companies from this list that each institution invested in, Hurun also released a corresponding investment institutions list. **5Y Capital was named to both "2023 Hurun Global Cheetah Investment Institutions Top 50" and "2023 Hurun China Cheetah Investment Institutions Top 30." Read more**
5Y Capital named to Lieyunwang 2023 Annual Venture Capital Institutions list
Lieyunwang released its 2023 Annual Venture Capital list in December. From thousands of enterprises and investment institutions, the list evaluated 12 rankings across four categories: enterprises, investment institutions, figures, and product cases, covering large model services and commercial applications, digital intelligence applications, digital transformation, new consumption, healthcare, and smart vehicles. **5Y Capital was named to "2023 Most Influential Investment Institutions Top 30," and 5Y Capital founding partner Qin Liu was named to "2023 Most Influential Investors Top 30." Read more**
Saying goodbye to 2023 with 19 books | 5Y New Year Reading List
Looking back on 2023, there may be many unforgettable moments — perhaps unexpected surprises, real-time unknowns, or unforeseen changes. Many things are full of uncertainty, but coming across a good book is always fortunate. Books don't hold answers about the future, but they may provide some anchors. This reading list comes from recommendations by 5Y colleagues, with quite diverse content: insights into cutting-edge technology, lessons from history, and some moving stories. They are pleasant discoveries made by 5Y colleagues in 2023, and we hope you can find some reading enjoyment in them too :) Read more
Eating, drinking, wearing, on the road | 5Y Tavern Vol. 15
In this edition of 5Y Tavern, three consumer entrepreneurs chatted with 5Y investors about "eating, drinking, and wearing." They discussed entrepreneurial mindset and pace, their own consumer philosophies, and some detailed observations. Despite different categories, we saw some commonalities among the three entrepreneurs — regardless of how the environment and weather change, entrepreneurs are always on the road, and it is this state of being on the road that makes them more confident and assured. Read more
Born global, their opportunities and challenges | 5Y View x PingCAP x Zilliz
For infrastructure software entrepreneurs, globalization is not merely a strategy — it is more like a mission. In this conversation, two pioneers exploring the path of globalization — PingCAP co-founder & CTO Dongxu Huang and Zilliz founder & CEO Charles Xie — discussed their globalization journeys with 5Y partner Kai Liu. This is an adventure with greater vision and a more difficult path. Whether PingCAP or Zilliz, they both "decided to build a global company from day one of entrepreneurship." They shared many insights in the conversation, and we hope they inspire you :) Read more
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