June, Vitality | 5Y News Monthly

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 5Y better.

01 Portfolio Company Highlights

Major news about funding rounds, 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

PAM2L Biotechnologies Completes Angel+ Round

In May, PAM2L Biotechnologies, an innovative biomaterials R&D and application company, announced the completion of a tens of millions of RMB angel+ round. The round was led by Tiantu Capital, with Cornerstone Capital participating. Proceeds will be used for R&D center expansion and pilot-scale platform construction. In December 2021, PAM2L received nearly $5 million in angel funding from 5Y Capital. Founded in 2021 by Dr. Chao Zhong — a researcher at the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences, and recipient of the National Science Fund for Distinguished Young Scholars — PAM2L Biotechnologies develops bio-based materials and related products powered by dual-core technologies in synthetic biology and machine learning (BT-IT), providing customers with safe, efficient green solutions. Read more

Horizon Robotics and QCraft Form Strategic Partnership

On May 18, Horizon Robotics, a leader in China's intelligent driving chips, announced a formal strategic partnership with QCraft, a global frontier L4 autonomous driving general solutions company. The two parties will jointly develop and adapt solutions based on Horizon's self-developed Journey® series of automotive-grade AI chips and QCraft's self-developed integrated driving-parking solution, collaborating to create high-level autonomous driving pre-installed mass production solutions. Read more

Jianzhi Robotics Completes $30 Million Funding Round

On May 18, Jianzhi Robotics announced the completion of a $30 million Series A round. The round was led by Zhence Capital, with continued follow-on investment from existing shareholders including Atypical Ventures, 5Y Capital, and GSR Ventures. Strategic investor Horizon Robotics provided substantial support for commercial implementation. Jianzhi Robotics has achieved multiple notable milestones in autonomous driving technology breakthroughs and product deployment centered on visual 3D understanding, completing three funding rounds within six months of founding. Proceeds will be used for core technology R&D, high-quality mass production scaling, and broader commercial deployment. Read more

Keep Selected as National Sports Industry Demonstration Project

On May 16, the General Administration of Sport of China announced the 2021 National Sports Industry Base selection results, with Keep's national fitness sports technology platform among five projects selected as National Sports Industry Demonstration Projects. The National Sports Industry Base program began in 2006, with annual application reviews fixed since 2015, implementing dynamic management and regular assessment evaluations. Founded in 2014 with the mission to "Make the World Move," Keep comprehensively supports national fitness and Healthy China strategy. With the brand spirit "Self-discipline gives me freedom," it encourages people to enjoy the pleasure of exercise anytime, anywhere, and explore more possibilities in life through sports. As of May 16, 2022, Keep had reached 300 million registered users and 34.4 million average monthly active users, ranking first among China's online fitness platforms. Read more

Mini World Forms Strategic Partnership with Shenzhen Happy Valley

On May 24, Shenzhen Happy Valley signed a long-term strategic partnership with "Mini World," an IP under Miniwan Technology. The two parties will conduct comprehensive in-depth cooperation around their respective strengths, establishing a long-term IP value-added strategic partnership. Through quality resource integration, they will embark on a new journey of "theme park + IP" cultural tourism development: under the theme park format, comprehensively exploring IP productization including themed attractions, activities, performances, dining, and merchandise. Read more

SenseTime's Privacy Protection Earns International Certification

In May, SenseTime received further recognition from authoritative audit institutions for its personal information and privacy protection. Following rigorous audit by the British Standards Institution (BSI), SenseTime obtained certification for its Personal Information Management System — BS 10012:2017. BS 10012:2017 is the world's first personal privacy protection standard, widely recognized internationally. It specifies compliance requirements that organizations must consider when collecting, storing, processing, retaining, or disposing of privacy records related to individuals, helping organizations use personal information reasonably and compliantly. This certification further demonstrates SenseTime's firm commitment and practice in building personal information and privacy protection systems. Read more

Sensors Data Completes $200 Million Series D

In May, Sensors Data announced the completion of a $200 million Series D round, led by Tiger Global and Carlyle Group, with follow-on investment from Future Capital, DCM, Linear Capital, HSG, Warburg Pincus, Bessemer Ventures, M31 Capital, Xiang He Capital, 5Y Capital, and GGV Capital. Fanzhuo Capital served as exclusive financial advisor. Going forward, Sensors Data will increase investment in marketing technology R&D, continue building excellent products for digital operations needs, and focus on developing major account operations and introducing relevant professional talent. Read more

WeDoctor Launches Cloud Consultations to Support Shanghai's COVID Response

To meet patients' medical needs during the pandemic, Shanghai WeDoctor Internet Hospital followed its May obstetrics and gynecology specialist consultations by partnering with the Third Affiliated Hospital of Naval Medical University for a "Cloud Consultation Science Popularization Month," adding a "Naval Medical University Third Hospital special session" to expand Shanghai consultation services and further smooth access to medical care. As China's largest digital medical service platform, WeDoctor started in Shanghai and has accumulated rich quality medical resources in Shanghai and nationwide over the years, with more than 20,000 Shanghai specialists on the platform, connecting 156 Shanghai hospitals and covering over 90% of Shanghai's tertiary hospitals. Through Shanghai WeDoctor Internet Hospital, patients can more conveniently access services from tertiary hospital specialists. Read more

Xiaomi Donates 1 Million RMB to Support Beijing's COVID Response

On May 12, at a critical moment in Beijing's pandemic response, the Beijing Xiaomi Public Welfare Foundation donated 1 million RMB to the Beijing Guangcai Public Welfare Foundation's "Beijing Private Economy Unites Against COVID" public welfare project, to support the capital's pandemic prevention and control work and protect public health. The Beijing Guangcai Public Welfare Foundation issued a certificate to the Beijing Xiaomi Public Welfare Foundation, stating: "Your foundation took initiative and gave generously, demonstrating the patriotic sentiment of unity and shared hardship, and the selfless dedication of Beijing's private enterprise foundations." Since the beginning of 2022, Xiaomi Group and the Xiaomi Public Welfare Foundation have successively donated funds and anti-epidemic materials to multiple provinces and cities including Xi'an, Anyang, Jilin, Shanghai, Shenzhen, and Quanzhou.

Viomi Forms Strategic Partnership with China Telecom

Viomi Technology has formed a strategic partnership with China Telecom, which will take the form of establishing a joint innovation laboratory and creating highly integrated exclusive core hit products, jointly creating immersive user experiences and promoting the perfect implementation of whole-house smart scenarios. Going forward, Viomi will work closely with China Telecom in the digital life domain, continuously increasing investment in software and hardware technology R&D, accelerating the popularization of Viomi's "1=N44" "one-stop whole-house smart" solution, leading hundreds of millions of Chinese families into the gigabit smart new life, enabling Chinese families to have truly useful smart homes, and helping the smart home industry go further and better.

---

5Y Capital Updates

5Y Shenzhen Office Day 1 — We're Waiting for You

On May 27, the Shenzhen office officially opened. Following Shanghai's Wuyuan Road, Beijing's Sanyuanqiao, and Hong Kong's Central, we welcome you at Gemdale Viseen Center in Shenzhen.

The Guangzhou-Shenzhen region has always been a place that dares to be first in the world, full of innovative energy. It has long embodied the pioneering spirit of reform and opening up. Today, the Greater Bay Area is becoming a new highland for technological innovation, and a new generation of entrepreneurs will create miracles belonging to this era. We hope that with the opening of the Shenzhen office, we can have closer, deeper, and longer-term connections with entrepreneurs in the Greater Bay Area, discovering, supporting, and accompanying more Chinese entrepreneurs.

5Y Wins Multiple Awards in ChinaVenture 2021 Annual Rankings

On May 30, ChinaVenture released the "2021 Annual Rankings," with 5Y winning multiple awards including: ChinaVenture 2021 China Best Venture Capital Firm TOP 5; ChinaVenture 2021 China Best Return Venture Capital Firm TOP 10; ChinaVenture 2021 China Best Foreign Venture Capital Firm TOP 5; ChinaVenture 2021 China AI and Big Data Industry Best Investment Firm TOP 20; ChinaVenture 2021 China Enterprise Services Industry Best Investment Firm TOP 20; ChinaVenture 2021 China Internet Industry Best Internet/Mobile Internet Investment Firm TOP 20; and ChinaVenture 2021 China New Consumption Industry Best Investment Firm TOP 30. Additionally, multiple 5Y portfolio companies won Best Investment/Exit Case awards.

Cyzone Releases 2022 40 Under 40 Investors List, 5Y Capital's Xutian Jing Makes the Cut

On May 27, Cyzone released its 2022 40 Under 40 Investors list, with Xutian Jing, Managing Director at 5Y Capital, making the cut. This marks the tenth time Cyzone has published its "40 Under 40 Investors" list. The list's original purpose was to find investors active at the venture capital frontier, with exceptional insight, standing steadily at the crest of the wave — while also uncovering the true hunters behind top unicorns. The list is based on four dimensions: investment experience, investment performance, exit track record, and industry influence, combining qualitative research interviews with quantitative data analysis to comprehensively select the "2022 40 Under 40 Investors."

Alcohol Can't Knock Young People Down | 5Y Tavern Vol. 5

At this Youth Day special edition of 5Y Tavern, no one drank the same thing — whiskey, craft beer, chilled sake, Xinjiang's potent Wusu beer, elegant red wine, and even happy water. Drink after drink, the alcohol wasn't new; what was new were the people, like the twenty-something entrepreneurs in this episode.

We always have various discussions about young people — what twenty-somethings are chasing, craving, anxious about, caring about — and there are always predetermined impression words: exploration, curiosity, adventure, contradiction, seeking knowledge, confusion, breaking rules. Yet youth cannot be defined. Every generation of young people has their own difficult path to walk, but don't underestimate any generation of young people.

Optimism Is Encoded in DNA | 5Y Tavern Vol. 6 x Shanghai Entrepreneurs

For this edition of 5Y Tavern, we invited several entrepreneurs in Shanghai. Trapped by the pandemic, having been home for many days, we brought out "scarce supplies" for this special period — collected red wines, neighbor-donated beers — and listened to several entrepreneurs share their atypical lives working from home.

In this sudden, abnormal state, individuals are already in uncertainty; entrepreneurs bearing the rise and fall of a company face even more pressure. But they are far more optimistic than we imagined. Whether leading teams to find ways to identify what needs to be done at each point in time, or as individuals reflecting and discovering another side of quarantine life. When we are physically confined to one place, our spirits can still go deeper.

Investing, People, Life | 5Y Tavern Vol. 7 x This Is Sound Life

Most of the time, entrepreneurs and investors may meet in conference rooms, discussing serious questions about industries, companies, and markets. But beyond professional identities, as people living in the same era, what are they like in life, what do they care about, love, and worry about.

This tavern episode is a special collaboration with Agora's podcast "This Is Sound Life," featuring three investors — 5Y Capital's Kai Liu, Shunwei Capital's Zheng Feng, and Agora Strategic Investment's Yipu Zhu — chatting about their accidental entries into the industry, moments when entrepreneurs amazed them, projects born from walking conversations, about investing, and more about people's lives.

5Y seeks out, supports, and inspires lone entrepreneurs, providing them with support from spirit to all operational matters. We believe that if the you whom others see as crazy begins to be believed in, the world will become a different place.

BEIJING · SHANGHAI · SHENZHEN · HONG KONG | WWW.5YCAP.COM