Greatness Is Built One Moment at a Time | 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 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 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 awards, investor interviews, and thought leadership from 5Y.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Aihuishou Strategic Partnership with SK Chemicals
Pioneering Innovation in Recycling Value Chains
In September, Aihuishou · Aifenlei, the urban green industry chain business under Wanwu Xinsheng Group, announced it had signed a strategic cooperation memorandum of understanding with SK Chemicals, a leading South Korean company in chemicals and life sciences. The two parties will leverage their respective strengths to collaborate on household waste collection and sorting in Guangdong Province. Read more
Horizon Robotics Reaches Strategic Partnership with STRADVISION
In September, StradVision, an AI-based perception processing company for autonomous vehicles and ADAS, reached a strategic partnership with Horizon Robotics. Kai Yu, founder and CEO of Horizon Robotics, said: "The automotive industry is undergoing rapid transformation. STRADVISION's production-proven perception solutions enable market-competitive ADAS. By optimizing for Horizon's energy-efficient computing solutions, we will together deliver safer, more competitive products that drive digital transformation in the automotive industry." Read more
Kingsoft Office Reaches Strategic Partnership with Alibaba Cloud
In September, Beijing Kingsoft Office Software and Alibaba Cloud reached a strategic partnership. The two parties will pursue deep collaboration across cloud resources, large AI models, product ecosystem integration, and joint solutions. They will co-create on intelligent office around three strategic directions: AIGC (content creation), Copilot (intelligent assistant), and Insight (knowledge discovery). At the same time, the two sides will integrate products and co-develop solutions to jointly support organizational digital transformation. Read more
XtalPi and Parthenon Therapeutics
Reach Antibody Drug Discovery Collaboration
In September, XtalPi announced a collaboration with Parthenon Therapeutics to jointly develop antibody drugs for solid tumors. Under this collaboration, XtalPi will grant Parthenon Therapeutics access to its XupremAb® antibody discovery platform. The platform encompasses a suite of "experiment + AI" technical solutions that can be used to discover antibody drugs with improved efficacy and developability. Read more
Kuaishou and Xiaomi "Direct Distribution 2.0" Reach Strategic Partnership
In September, Xiaomi's app ecosystem commercial open project "Direct Distribution 2.0" officially launched, with Kuaishou becoming one of Xiaomi's first strategic partners for the initiative. Going forward, Xiaomi's Direct Distribution 2.0 project will provide services across efficiency, capabilities, and security to help Kuaishou continue exploring new models for sustainable growth. Xiaomi's "Direct Distribution 2.0" aims to improve conversion efficiency across all links in the app distribution and placement process for enterprises, platforms, and advertisers, enabling more precise customer acquisition. Read more
Domestic GPU Maker Moore Threads' MTT S80 First to Adapt Unreal Engine 5
In September, domestic GPU maker Moore Threads announced that, in collaboration with Real-Link, the China-authorized enterprise for Unreal Engine technology, it had completed the first-ever adaptation of Unreal Engine 5 on a domestic GPU. The Moore Threads MTT S80 GPU, released in November 2022, can now run Unreal Engine 5 smoothly and supports core rendering features including Lumen, volumetric clouds, and atmospheric scattering. Read more
SenseTime Ruying Awarded CAICT "Trusted Virtual Human" L3 Excellence Certificate
In September, "SenseTime Ruying SenseAvatar," an AI digital human generation platform, officially passed the China Academy of Information and Communications Technology (CAICT) "Trusted Virtual Human Generated Content Management System" evaluation, receiving the highest-level "L3 Excellence" certificate — among the first batch domestically. As one of the first products evaluated, SenseTime Ruying leverages the SenseTime AI Safety Open Platform to ensure user uniqueness and data authenticity and compliance, while using traceable "digital watermarks" during content generation to prevent theft or tampering. Read more
Pony.ai First Approved for Commercial Driverless Ride-Hailing Pilots in Beijing
In September, Pony.ai received one of the first commercial pilot permits for passenger vehicles with "no driver inside, remote operator outside" from Beijing's Intelligent Connected Vehicle Policy Pilot Zone, allowing it to begin charging for fully driverless autonomous ride-hailing (Robotaxi) services in Beijing Yizhuang. This marks Pony.ai's most industrially significant milestone since deploying driverless technology across China's four first-tier cities, signaling that the autonomous ride-hailing industry is systematically entering a self-sustaining business phase. Read more
Xpeng Aeroht Flying Car Ground Integration Test Center Opens in Sanshui Nanshan
On September 16, Xpeng Aeroht held the opening ceremony for its flying car ground test center, located in Sanshui District, Foshan, covering approximately 58,000 square meters. The test center is an important component of Xpeng Aeroht's flight vehicle testing and trial flight system, and will conduct ground tests for full vehicle and system strength, loads, vibration, durability, environment, and material properties — supporting full-process validation from virtual simulation to laboratory and test field. Read more
Xingyun Group Signs Strategic Cooperation Agreement with Jiesai Kitchen Appliances
In September, Xingyun Group and Jiesai Kitchen Appliances signed a strategic cooperation agreement. The two parties will collaborate on product supply chains, omni-channel distribution, brand internationalization, and supply chain finance — integrating their respective strengths to empower industrial customers, upgrade industry chains, further strengthen Jiesai Kitchen Appliances' competitiveness in global markets, and jointly build a high-standard, sustainable new model. Combining Xingyun's "global service capabilities" with Jiesai Kitchen Appliances' "Chinese brand power," this strong partnership aims to make Jiesai Kitchen Appliances a new calling card for Chinese smart manufacturing going global. Read more
5Y Capital Updates
5Y Capital Wins Multiple Awards from 36Kr and China Venture Capital Research Institute
In September, 36Kr released its 2023 annual lists including "Most LP-Recognized Investment Institutions" and "Sector Investment Institutions/Investors." 5Y Capital was honored as "China's Top 50 Most LP-Recognized VC Firms," "China's Top 20 Advanced Manufacturing Investors," and "China's Top 20 Next-Generation Information Technology Investors." 5Y Capital founding partner Qin Liu was named "China's Top 20 Healthcare Investors," 5Y Capital partner Zhang Fei was named "China's Top 20 Next-Generation Information Technology Investors," and 5Y Capital partner Yuan Ye was named "China's Top 20 Consumer Investors." Read more
In September, the China Venture Capital Research Institute released the 2023 China Venture Capital Industry Annual Ranking · Golden Investment Awards. The ranking comprehensively evaluates fundraising, investment, portfolio management, exits, and overall influence, recognizing investment institutions that achieved outstanding results and made exceptional contributions to China's venture capital industry over the past year.
5Y Capital was honored as "2023 China's Top 100 Most Influential Investment Institutions," "2023 China's Top 20 Best Enterprise Service Investors," "2023 China's Top 30 Best New Consumer Investors," and "2023 China's Top 30 Best Intelligent Manufacturing Investors." Read more
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