September, Sprinting on the Cloud | 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 and updates from 5Y and our portfolio companies, sharing them 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' financing, IPOs, strategic partnerships, breakthroughs, and new product launches.
02 5Y Capital Updates
News about 5Y honors, investor interviews, and perspectives.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
HAI ROBOTICS Unveils HaiPick System 3 with Proprietary Hook-Based Fork Technology
On August 16, HAI ROBOTICS launched its standardized system solution, HaiPick System 3. The system comprises hook-based ACRs (Automated Case-handling Mobile Robots), high-speed潜伏式顶升机器人K50, supporting workstations and shelf totes, and the HaiQ intelligent warehouse management platform, among other hardware and software components. It offers high density, multi-device efficient coordination, and high flexibility. The hook-based ACR features HAI's proprietary hook-based fork technology, a first in the industry, significantly improving storage density and pick-and-place efficiency. Read more
XtalPi Signs Strategic Partnership with Switzerland's Edelweiss Connect
In August, XtalPi Innovation Center and Edelweiss Connect, a Swiss company focused on next-generation product design and safety assessment solutions, announced a strategic partnership. The two parties will leverage their respective strengths in safety testing, technology R&D, and market expansion to jointly develop AI-powered, cell-phenotype-based, high-content cell imaging solutions for skincare safety assessment. Read more
GigaAI Robotics Reaches Strategic Partnership with SHANZI HI-TECH
In August, GigaAI Robotics and SHANZI HI-TECH Co., Ltd. formally signed a strategic cooperation agreement. Based on mutual trust and reciprocity, the two sides plan to pursue multi-level, all-around strategic cooperation in intelligent connected vehicles — deploying 3D vision AI large models, intelligent driving solutions, and intelligent chassis solutions domestically, while jointly promoting intelligent driving and chassis products globally to build an intelligent automotive ecosystem with worldwide reach. Read more
Kuaishou Officially Discloses Large Model Progress for the First Time; Digital Human Product "Kuaishou Zhibo" Debuts
In August, Kuaishou officially disclosed its progress in large models for the first time, showcasing its AIGC digital human product "Kuaishou Zhibo." Kuaishou's AIGC solution, built on its self-developed foundation model, provides text generation, image generation, 3D generation, music generation, and video generation capabilities, covering the entire content creation workflow from inspiration to creative generation, from multi-element material provision to intelligent production. Through human-machine collaboration, it makes ideas more novel, materials more diverse, and production easier. Read more
SenseTime Reaches Strategic Partnership with Haitong Securities
In August, SenseTime and Haitong Securities Co., Ltd. signed a strategic cooperation agreement. The two parties will fully leverage their respective resource advantages to strengthen cooperation in industrial fund business, investment banking, asset management, and AI innovation, achieving resource sharing and mutual benefit. Read more
Pony.ai and Toyota Deepen Partnership with Joint Venture to Drive L4 Autonomous Driving Mass Production
In August, Pony.ai, Toyota Motor (China) Investment Co., Ltd., and GAC Toyota Motor Co., Ltd. held a signing ceremony. The three parties announced the establishment of a joint venture to support future Robotaxi mass production and large-scale deployment. This will lead the high-quality development trend of Robotaxi scaling and production, provide stable capacity for autonomous mobility services, promote the continued commercialization of high-level autonomous driving, help advance the intelligent connected vehicle industry to a new stage, and contribute to Chinese society. Read more
Xpeng Motors Reaches Strategic Partnership with DiDi
In August, Xpeng Motors, a leading domestic smart EV manufacturer, and DiDi, a world-class mobility platform, jointly announced a strategic partnership to maximize the advantages of their respective resources and jointly promote the large-scale application of smart EVs and related technologies, accelerating the realization of "technology for all, intelligence for all." Through this cooperation, Xpeng Motors will officially enter a multi-brand strategy stage, further strengthening the technological competitive edge of its A-segment products and making intelligent driving technology standard in the most mainstream market segment, leading the new era of electric intelligence. Read more
Xpeng AeroHT Announces Acceptance of Airworthiness Certification Application for Self-Developed Attitude Reference System
In August, Xpeng AeroHT announced that its self-developed Attitude and Heading Reference System (AHRS) airworthiness certification application (CTSOA) submitted to the CAAC has been accepted by the Aircraft Airworthiness Certification Department. According to the company, this attitude reference system can operate independently or together with other navigation equipment to form a redundant positioning and navigation system, providing aircraft with reliable and high-precision positioning and navigation data. Read more
Xingyun Group Reaches Comprehensive Strategic Cooperation Intent with Huawei
In August, Xingyun Group founder & chairman Wang Wei (Billy) and CEO Yan Fucheng (Benny) led the partner team and technical team on a visit to Huawei for in-depth exchanges with Huawei Cloud's management team. They had deep discussions on topics including "globalization enablement and ecosystem cooperation" and "technology upgrades." At the meeting, the two sides reached comprehensive strategic cooperation intent, establishing executive-level alignment and project mechanisms. They will leverage Pangu large model's innovative applications across scenarios to pursue deep cooperation in R&D cost optimization, service ecosystem, and large model empowerment for e-commerce. Read more
Xiaomi Enters New Phase with Launch of Bionic Robot CyberDog2
In August, Xiaomi Group founder, chairman, and CEO Lei Jun delivered his fourth annual public speech. In the speech, Lei Jun reflected on several key moments of growth over the past 36 years. He stated that based on its thinking about the future, Xiaomi is officially upgrading its technology strategy, unveiling its technology philosophy: selecting technology domains with long-term value for human civilization and persisting in long-term continuous investment. At this launch event, Xiaomi unveiled the bionic robot CyberDog2. Compared to its predecessor, CyberDog2 is more intelligent and more biomimetic. It embodies Xiaomi's imagination and layout for future home intelligent robots, and is also the result of Xiaomi's insistence on self-developed core technologies and building competitive moats. Read more
XVERSE Open-Sources 13-Billion-Parameter General-Purpose Large Model XVERSE-13B
In August, XVERSE announced the open-sourcing of its high-performance 13-billion-parameter general-purpose large model XVERSE-13B, available for free commercial use. XVERSE stated that XVERSE-13B is based on a standard Transformer architecture, trained from scratch on 1.4 trillion high-quality, diverse tokens with 13 billion parameters, supporting over 40 languages with a context window of 8192. It offers capabilities including text generation, automated writing, data analysis, knowledge Q&A, multi-language translation, personalized interaction, character role-playing, and professional assistant functions. Read more
Multiple 5Y Portfolio Companies Selected by China Entrepreneur as "Future Stars: 21 High-Growth Innovative Companies"
In August, China Entrepreneur released its 2023 "Future Stars — Annual 21 High-Growth Innovative Companies" list. China Entrepreneur collaborated with 37 well-known domestic investment institutions and 30 renowned investors to launch this year's "Future Stars." The final 21 companies selected span cutting-edge fields including intelligent driving, biomedicine, chips, new consumption, and new energy. 5Y portfolio companies Moore Threads, Abogen Biosciences, and Xiaoice made the list. Read more
Multiple 5Y Portfolio Companies Selected for "2023 Rising 100: High-Growth Innovative Companies"
In August, China Entrepreneur also released its Rising 100 list. The list screened 100 rising companies across 16 industries from tens of thousands of enterprises based on quantitative indicators including valuation, funding round, and total financing amount. 5Y portfolio companies Xinhuazhang, Bota Biosciences, Unknown, Siligence, Xpeng AeroHT, XinYaohui, bosie, Daily Dark Chocolate, Parametrix, SISU Technology, and GigaAI Robotics were selected for the "2023 Rising 100: High-Growth Innovative Companies" list. Read more
5Y Capital Updates
5Y Capital Wins Multiple Awards from CBN, Qimingpian, China FOF Research Center, and Others
In August, CBN officially released its 2023 CBN Equity Investment Value Rankings, which aim to comprehensively present the Chinese equity investment industry's layout for the new economy and its capacity to elevate the real economy, seeking out excellent investment institutions and investors that create comprehensive value across cycles. 5Y Capital was selected for "2023 CBN Equity Investment Value Rankings: Best Investment Institutions TOP50," and 5Y Capital partner Liu Kai was named "2023 CBN Equity Investment Value Rankings: Outstanding New-Generation Investor of the Year." Read more
In August, Qimingpian released its 2023 China Equity Investment Mid-Year Rankings. Through self-nomination, desktop research, surveys, site visits, and phone interviews, the rankings adhere to data as the first principle, selecting corresponding lists based on performance across the "raise, invest, manage, exit" dimensions. 5Y Capital was selected for "2023 China's Best Venture Capital Institutions: Comprehensive List TOP50" and "2023 China's Best Venture Capital Institutions: Active List TOP50." Read more
In August, China FOF Research Center released its 2023 special rankings. The rankings aim to encourage outstanding institutions and talent in the private equity fund-of-funds and fund industry, promoting the healthy development of the equity investment industry. 5Y Capital won "2023 Best VC Fund Returns TOP30" and "2023 Best Enterprise Services Investment Institution TOP20," and 5Y Capital partner Liu Kai made the "2023 Best Enterprise Services Investor TOP10" list. Read more
"I Want to Do 0-to-1 Things, to Truly Drive Some Progress" | 5Y Tavern Vol. 13 x Tingting Technology's Chen Rui
In this episode of 5Y Tavern, we hear Tingting Technology founder Chen Rui share her story. At many junctures, post-90s entrepreneur Chen Rui made hardcore choices — quitting her job to start a company, venturing where no one had gone before, actively choosing the harder path. Chen Rui is resolute and confident about this: "I just want to do 0-to-1 things, hoping to truly drive some progress and change." We see abundant energy in her — just like the name Tingting (non-stop): non-stop is a spirit, a vitality. Innovation never stops, and the boundless enjoyment and传承 of food never stops either. Read more
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