The Important Thing Is the Continuous Accumulation of Every Moment | 5Y News Monthly
What were the major events 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 developments from 5Y Capital and our portfolio companies, sharing them with friends who follow us. We hope this helps you get to know 5Y Capital better.
01 Portfolio Company Highlights
Major news about 5Y Capital portfolio companies, including financing, IPOs, strategic partnerships, breakthroughs, and new product launches.
02 5Y Capital Updates
News about 5Y Capital honors, investor interviews, and thought leadership.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Souche's YunChe Master Partners with China Tourism Group Travel Services
In June, YunChe Master, the automotive supply chain logistics service platform under Souche, announced a strategic partnership with China Tourism Group Travel Services. The two parties will combine their strengths to create a new "vehicle shipping + self-driving" travel experience. As Souche's professional vehicle shipping platform, YunChe Master has fully launched private car shipping services. Through digital, intelligent, and standardized operations, it will provide China Tourism Group travelers with safe and convenient "express-style" vehicle shipping. Read more
Horizon Robotics Signs Strategic Partnership with Chery Automobile
On June 23, Horizon Robotics and Chery Automobile signed a strategic partnership agreement in Wuhu, Anhui. The two parties will leverage their respective advantages in automotive and artificial intelligence, focusing on intelligent driving and in-vehicle intelligent interaction to carry out technology R&D and product collaboration, leading the intelligent transformation of the automotive industry. Read more
Keep Partners with China Athletics Sports
On June 2, Keep signed a strategic partnership agreement with China Athletics Sports, the commercial development and operations platform of the Chinese Athletics Association. The two parties will connect their respective resources to create a new model for integrating national fitness and national health through sports informatization and digital upgrades. They will also, under the guidance of the Chinese Athletics Association, launch the "Run China X Keep" joint online race, providing fresh momentum for building China into a sports powerhouse. Read more
Kuaishou Becomes Authorized Tokyo Olympics Broadcaster
On June 23, China Media Group and Kuaishou held a joint press conference in Beijing, officially announcing their short-video broadcasting partnership for the 2020 Tokyo Olympics and 2022 Beijing Winter Olympics. Hua Su, CEO of Kuaishou, delivered a speech on-site, stating that recording and sharing has always been Kuaishou's founding mission. Today, Kuaishou has reached 1 billion monthly active users worldwide, where people from different countries and age groups with diverse lifestyles meet, interact, and blend together — a philosophy that aligns with the Olympic spirit. Read more
Matrix Origin Completes $10 Million Angel Round
Matrix Origin (Shenzhen) Information Technology Co., Ltd. announced in June the completion of a $10 million angel round, led by 5Y Capital with participation from K2VC, Yuanlai Capital, and WeLight Capital. The proceeds will be used entirely for R&D of the MatrixOne new-generation big data engine and for building its open-source community. Read more
ONES Raises RMB 300 Million
ONES recently announced the completion of RMB 300 million in Series B1 and B2 financing, setting a new record for China's R&D management industry. New investors include XVC, SoftBank China, and Source Code Capital. Existing investor 5Y Capital has supported ONES across four consecutive rounds. Previously, ONES received multiple rounds of investment from 5Y Capital, China Growth Capital, and JiaYu Fund. The proceeds will be used to strengthen product R&D and service investment, expand talent acquisition, and further solidify ONES's leadership position in China's R&D management track. Read more
AHS Recycle Successfully Lists on NYSE
On June 18, AHS Recycle, China's largest used consumer electronics trading and services platform, successfully completed its initial public offering on the New York Stock Exchange under the ticker symbol RERE. 5Y Capital was fortunate to accompany AHS Recycle from its earliest days, witnessing its evolution and growth from Aihuishou to AHS Recycle.
Additionally, 5Y Capital founding partner Jianming Shi recently had a conversation with AHS Recycle founder & CEO Xuefeng Chen. They discussed business models, competitive moats, pivotal decisions, and the future. Entrepreneurship is like mountain climbing — ups and downs are the norm — and they shared many experiences and insights. Read more
Xiaomi Launches System-Level Earthquake Monitoring Feature
On June 3, Xiaomi Group and the Institute of Care-Life jointly launched a mobile phone earthquake monitoring and early warning network feature. Xiaomi's MIUI officially stated that "China's first mobile phone earthquake monitoring and early warning network is now online, enabling earthquake monitoring and early warning capabilities across Xiaomi phones nationwide. During its six-month trial operation, it successfully monitored and warned of multiple domestic earthquakes." Read more
Xpeng Motors Becomes NBA China's First Smart Car Partner
On June 22, Xpeng Motors and NBA China announced an official marketing partnership, with Xpeng Motors becoming the first smart car brand to partner with NBA China. Xpeng Motors will develop innovative marketing campaigns around key NBA events and activities including NBA 3X, participating deeply as an official marketing partner. Xpeng Motors will also integrate more NBA elements into brand image displays, marketing promotions, and owner experience activities. Read more
Zhuiyi Technology Receives Strategic Investment of Hundreds of Millions of RMB
Zhuiyi Technology, a leading Chinese AI company, announced in June a strategic investment of hundreds of millions of RMB from China Internet Investment Fund and China Mobile Innovation Industry Fund, with continued follow-on investments from 5Y Capital, Gaorong Capital, and others. Taihe Capital served as exclusive financial advisor. The proceeds will be used primarily for AI core technology and product R&D, emerging business and market expansion, and industrial ecosystem partnership development. Read more
02
5Y Capital Updates
3Sigma Bootcamp Registration Countdown
Seeking Frontier Tech Entrepreneurs Who Dream of Breaking Paradigms
The 3Sigma Bootcamp, co-hosted by 5Y Capital and Synced, will take place in Shanghai from August 4 to August 8, 2021. If you are a young entrepreneur in hard tech who dreams of breaking paradigms, 3Sigma Bootcamp will be a unique opportunity for intellectual collision and hands-on practice.
3Sigma represents "three standard deviations" — the range where most values fall in a normal distribution model. But we believe that true change often begins outside the range people habitually pay attention to. 3Sigma also symbolizes 5Y Capital's long-held belief — that the essence of innovation is stepping beyond the boundaries of paradigms, even when that means a kind of madness others don't understand.
3Sigma Bootcamp participant screening is already underway on a rolling basis, and registration will close on July 10. Welcome to join us. Read more
5Y Capital Partner Ye Yuan Named to Cyzone 2021 "40 Under 40 Investors"
In June, Cyzone released its 2021 "40 Under 40 Investors" list, with 5Y Capital Partner Ye Yuan among the honorees.
Cyzone has published the "40 Under 40 Investors" list for nine consecutive years, evaluating candidates across four dimensions: investment experience, investment and exit performance, and industry influence. The list aims to identify young investors who are active at the forefront of venture capital and possess exceptional insight. Read more
5Y Capital (formerly Morningside Venture Capital) currently manages approximately $5 billion across USD and RMB dual-currency funds. We believe that if the madness others see in you begins to be believed, the world will be a better place.
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