Pressing Onward, Into the Unknown | 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. We hope it helps you get to know 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 perspectives.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Horizon Robotics Powers QCraft's Urban ADAS Solution
On March 29, QCraft unveiled the industry's first urban NOA (Navigate on Autopilot) solution built on a single Horizon Journey 5 chip — developed jointly by QCraft and Horizon Robotics. Through extensive architectural and performance optimization, the solution maximizes hardware capabilities, delivering a more usable, consumer-friendly assisted driving experience at an extremely competitive price point that helps automaker clients strengthen their market position.
HAI Robotics Forms Strategic Partnership with Mitsui Machine Tool
In March, HAI Robotics announced a strategic partnership with Mitsui Machine Tool. The collaboration aims to provide leading intelligent warehousing solutions to customers across industries including manufacturing. The signing marks a deepening of cooperation and communication in warehouse automation, with the goal of bringing logistics robots to every warehouse and factory worldwide. Read more
PhiGent Robotics Forms Strategic Partnership with BYD Semiconductor
In March, PhiGent Robotics formally signed a strategic cooperation agreement with BYD Semiconductor Co., Ltd. The two parties will pursue deep strategic collaboration on the manufacturing of binocular stereo vision systems and their application in automotive intelligence, jointly accelerating the intelligent vehicle transformation. This partnership represents recognition from a top-tier OEM of PhiGent Robotics' AI-driven binocular stereo vision technology path, and marks an important milestone in the company's scaling toward mass production. Read more
XtalPi and DeepWise Form Strategic Partnership
In March, XtalPi and Beijing DeepWise Technology Co., Ltd. announced a strategic partnership. The two companies will leverage their respective technical strengths, combining DeepWise's AI for Science advanced computing platform with XtalPi's intelligent, automated drug R&D solutions to streamline preclinical drug development processes and further improve the speed and efficiency of new drug discovery. They will deeply integrate leading algorithms, software, R&D capabilities, and automated experimental platforms from both sides to build an open ecosystem in drug discovery, empowering the full preclinical R&D workflow with intelligence and automation. Read more
Keep Launches Motion-Sensing Fitness Console Keep Station
In March, Keep held its 2023 Spring "Intelligence Without Limits · Equip Your Home Court III" product launch event. At the event, Keep introduced its new smart hardware: the motion-sensing fitness console Keep Station and the rowing machine "A1." Keep Station is a smart interactive device designed for home fitness scenarios, providing precise movement recognition and real-time coaching during workouts. Through professional guidance and engaging motivation, it lowers the barrier to exercise, enhances the fitness experience, and helps users build a smarter at-home workout lifestyle. Read more
Moore Threads Forms Strategic Partnership with Sinnet and Sinnet Cloud
On March 21, Moore Threads, Beijing Sinnet Technology Co., Ltd., and Sinnet Cloud Data Co., Ltd. signed a strategic cooperation framework agreement in Beijing. Under the agreement, the three parties will focus on the booming intelligent computing market to jointly build the computing network infrastructure required for AI-Generated Content (AIGC) applications, connecting upstream and downstream industries to achieve deep integration of AI application scenarios across sectors. Leveraging their respective industrial strengths, they will collaborate on continuous technology iteration and business innovation, jointly providing users with leading intelligent computing solutions and network services, and guiding industry direction. Read more
SenseTime Partners with Thailand's T&B Media Global to Build Metaverse Platform
In March, SenseTime announced it would jointly advance infrastructure development for Translucia, a metaverse platform, alongside T&B Media Global Group, one of Thailand's largest integrated media conglomerates. Translucia is Thailand's first virtual world project. This collaboration represents a key initiative following the strategic cooperation agreement signed by SenseTime and T&B in September 2022. The two parties are currently engaged in multi-faceted collaboration across smart cities, metaverse, and augmented/mixed reality (AR/MR). Read more
Shukun Technology Forms Strategic Partnership with Kangfu Pharmaceutical, a Subsidiary of Wuchan Zhongda Health
On March 14, Wuchan Zhongda Kangfu Pharmaceutical (Zhejiang) Co., Ltd., a subsidiary of Wuchan Zhongda Health, signed a strategic cooperation agreement with Shukun (Beijing) Network Technology Co., Ltd. The two parties will embrace a philosophy of co-creation, sharing, and mutual success, collaborating to advance the industrialization of medical AI and bring an increasing number of AI technologies into clinical medical imaging scenarios. Read more
Pony.ai Approved to Launch Fully Driverless Robotaxi Service in Beijing
On March 17, Pony.ai received the first batch of "Unmanned Remote Stage" (fully driverless) demonstration application permits from Beijing's High-Level Autonomous Driving Demonstration Zone, allowing it to launch fully driverless robotaxi services in Beijing Yizhuang. Citizens will soon be able to hail a safe, comfortable "driverless car" through Pony.ai's ride-hailing app PonyPilot+, marking the gradual closing of the loop on a commercial model for unmanned robotaxi services. Read more
Xinhuazhang Forms Strategic Partnership with Zhangjiang Hi-Tech
In March, Xinhuazhang Technology signed a strategic cooperation agreement with Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. to provide technology-leading EDA tool support for integrated circuit, intelligent connected vehicle, aerospace, and other technology enterprises served by the park, meeting increasingly complex large-scale system-level verification needs and empowering platform users' independent R&D and system-level application innovation. The two parties will also leverage their respective domain strengths to collaborate on joint R&D, technical support, talent development, and funding. Read more
China Successfully Launches GalaxySpace Hongtu-1 01 Satellite Group
At 18:50 on March 30, 2023, China successfully launched four Interferometric Synthetic Aperture Radar (InSAR) satellites — the Hongtu-1 01 satellite group developed by GalaxySpace — from the Taiyuan Satellite Launch Center using a Long March 2D carrier rocket in a "one rocket, four satellites" configuration. The satellites entered their predetermined orbits and the launch mission was completed successfully. The four satellites consist of one primary satellite and three auxiliary satellites, forming the world's first four-satellite formation-flying X-band InSAR Earth imaging system. In orbit, they constitute the world's first wheel-shaped satellite formation, with the primary satellite weighing approximately 320 kg and each auxiliary satellite weighing approximately 270 kg. Read more
02
5Y Capital Updates
5Y Capital Wins Multiple Awards from Diyixinsheng and HealthCare Executive
In March, Diyixinsheng released its Investment China — 2022 Annual Chinese Investment Institution Rankings to better evaluate transaction activity in the new economy equity investment market. 5Y Capital was honored with "Best Venture Capital Institution TOP 30," "Most Active Venture Capital Institution TOP 30," "Best Investment Institution for Tech Rising Stars TOP 20," "Best Investment Institution for Tech Unicorns TOP 20," "Top Investment Institution in Consumer Sector TOP 20," and "Top Investment Institution in Enterprise Services Sector TOP 20." Read more
HealthCare Executive, an investment bank focused on China's healthcare industry, released the "2023 7th Annual Healthcare Investment Excellence Awards." The rankings comprehensively assessed investment institutions across five tracks — innovative pharmaceuticals, innovative medical devices, IVD and life sciences, healthcare services, and smart healthcare — based on investment activity, transaction volume, deal size, and investment returns. 5Y Capital was named "Healthcare Best Early-Stage Investment Institution of the Year," and 5Y Capital Director Xutian Jing received "Healthcare Young Investor of the Year." Read more
2023 "Supersonic Plan" Spring Camp Kicks Off
In March, the spring Supersonic Plan welcomed a new cohort of entrepreneurial partners. This year's program once again drew enthusiastic interest from real-time interaction (RTE) domain startups, with over 200 companies applying and 14 ultimately admitted. The admitted companies cover future of work, AIGC, and metaverse underlying technology sectors. Over the next three months, these companies will work alongside Agora, 5Y Capital, and upstream and downstream partners in the RTE ecosystem to sustain innovation on their entrepreneurial journeys, achieve "supersonic" accelerated growth together, and jointly empower new value across industry scenarios. Read more
Land of the Monsoon Winds | 5Y Tavern Vol.10: Southeast Asia Expansion
What comes to mind when you think of Southeast Asia? Vibrant colors, distinctive cuisine, diverse cultures... Ancient navigators called Southeast Asia the "land of the monsoon winds": situated beneath tropical monsoons and above the typhoon belt, sailing was safer and the warm, turquoise currents easier to predict.
For entrepreneurs expanding overseas, the region's complex and diverse market ecosystem makes it difficult to simply replicate the China playbook. The land is full of vitality, but not without challenges. Regions and cultures differ, yet the commonalities between people outweigh the differences. In this edition of 5Y Tavern, four entrepreneurs and investors shared their experiences and reflections on building businesses in Southeast Asia — lessons from expansion, moments of reflection, and subtle personal observations. Perhaps their stories will offer you some inspiration. Read more
5Y Capital seeks out, supports, and inspires lone entrepreneurs, providing support from the spiritual to the operational. We believe that if the world starts to believe in the "crazy" you that others see, things will get interesting.
BEIJING · SHANGHAI · SHENZHEN · HONG KONG
