Faith is not an idea, but a way of life.｜5Y News Monthly
Major events from last month.
5Y News Monthly
"5Y News Monthly" is a recurring column from 5Y Capital. At the start 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 gives you a deeper understanding of who we are.
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 5Y honors, investor interviews, and thought leadership.
Note: Companies are listed in alphabetical order by pinyin.
01
Portfolio Company Highlights
Horizon Robotics Deepens Partnership with Chery Automobile, Journey 6 Series Powers Intelligent Upgrades Across Four Brands
On September 19, the "Chery-Horizon Supply Chain Technology Co-Creation Day" was successfully held at Chery Automobile's R&D center, marking a new phase in the partnership between Chery and Horizon Robotics. The event showcased Horizon's latest technological achievements and deepened mutual consensus on high-level intelligent driving technology, laying a solid foundation for future advancements. Horizon presented its latest-generation Journey 6 series of in-vehicle intelligent computing solutions, the Horizon SuperDrive full-scenario intelligent driving solution, and other cutting-edge products. Read more
Kingsoft Office Forms Strategic Partnership with Zhonglv Xunke
On September 22, the fourth anniversary of China's "dual carbon" goals, China Green Development Investment Group held its 922 Brand Conference under the theme "Co-Creating a Low-Carbon, Intelligent Future." At the event, Kong Fei, Director and General Manager of Zhonglv Xunke, and Wang Dong, Vice President of Kingsoft Office, signed a strategic cooperation agreement on-site. As the first partner to join China Green Development's AI headquarters construction, Kingsoft Office will collaborate with Zhonglv Xunke to create a new paradigm for intelligent office and help build a next-generation AI Native office portal — Lüzhou.
Moore Threads and Direct Electron Announce Deep Strategic Partnership
On September 13, Moore Threads and Suzhou Direct Electron Imaging Technology announced a deep strategic partnership. Leveraging their respective resources and technical strengths, the two companies will jointly develop an end-to-end solution combining cryo-electron microscopy and computational chemistry, built on domestic full-function GPUs. The collaboration aims to drive technological innovation and industrial upgrading in China's biotechnology sector. Read more
ONES Forms Strategic Partnership with Huawei Cloud
On September 20, at HUAWEI CONNECT 2024, Shenzhen Fulintech Technology Co., Ltd. ("ONES") and Huawei Cloud Computing Technology Co., Ltd. ("Huawei Cloud") formally signed a cooperation agreement. The two parties will actively collaborate in enterprise intelligent R&D management platform solutions, AI R&D assistants, joint innovation on new products and businesses, and other areas — jointly driving the efficient, intelligent evolution of enterprise software R&D management. Read more
SenseTime Signs Strategic Partnership with Shanghai Municipal Agriculture and Rural Affairs Commission
On September 22, SenseTime signed a strategic cooperation agreement with the Shanghai Municipal Agriculture and Rural Affairs Commission. Both parties will fully leverage their respective resources and expertise to jointly advance the development of smart agriculture in Shanghai, establishing a new benchmark and high ground for national smart agriculture development. At the core of this collaboration is using digital AI to empower key technologies and equipment for intelligent production, actively developing smart decision-making and intelligent control systems for greenhouse production technology, and accelerating the modernization of agricultural production. Read more
Taimei Medical Technology Successfully Lists on Hong Kong Stock Exchange
On October 8, 2024, Zhejiang Taimei Medical Technology Co., Ltd. ("Taimei Medical Technology," stock code: 02576.HK) announced its official listing on the Main Board of the Hong Kong Stock Exchange. At the listing ceremony, Zhao Lu, Chairman, Executive Director, and General Manager, and Ni Xiaomei, Executive Director, General Counsel, and Board Secretary, jointly struck the opening gong to celebrate the company's embarkation on a new journey. 5Y Capital participated in three consecutive funding rounds for Taimei between 2018 and 2020. Read more
WeDoctor Group, Bianque Group, and Ganzhou Municipal Government Sign Strategic Partnership to Upgrade Health Industry with AI
On September 11, the Ganzhou Municipal Government in Jiangxi Province formally signed a "Digital Health" strategic cooperation agreement with WeDoctor Group and Bianque Group. The three parties will use artificial intelligence technology as a driving force to jointly promote the implementation and upgrading of digital health community projects, central cloud pharmacies, traditional Chinese medicine alliances, and Chinese medicinal materials trading centers in Ganzhou — supporting the high-quality development of digital health services and industry, and building a digital health industry highland in this revolutionary base area. Read more
Unknown and Yuansheng Biotechnology Form Strategic Partnership
On September 4, Shenzhen Unknown Biotechnology Co., Ltd. and Yuansheng Biotechnology Co., Ltd. formally signed a strategic cooperation agreement in Ningbo, announcing a long-term strategic partnership for comprehensive, exclusive deep collaboration in probiotic industrialization. With natural complementarity and mutual benefit, both parties will jointly drive industry innovation and sustainable, healthy development. Dr. Tan Yan, Co-founder and CEO of Unknown, and Zhu Jiaolin, Chairman of Yuansheng Biotechnology, attended the signing ceremony. Read more
Xpeng Motors Aeroht Forms Strategic Partnership with Sichuan General Aviation Investment Management
On August 29, Sichuan General Aviation Investment Management Co., Ltd. and Xpeng Motors Aeroht established a strategic partnership. The collaboration will cover flight testing, training of professional talent for sport electric aircraft test flights, designation of low-altitude visual flight airspace for testing, regional "flying car" exhibition and sales, pilot training, business services, maintenance, and other areas. Read more
Pony.ai Opens New Chapter in Autonomous Driving: Granted Shenzhen Highway Testing Permit
On August 29, Pony.ai announced that it had officially received approval for connected and autonomous vehicle testing on high-speed roads in Shenzhen, becoming the first autonomous driving company in the city to obtain this permit. This milestone not only marks official high-level recognition of Pony.ai's autonomous driving technology, but also signals the accelerating commercialization of autonomous driving in China. Read more
02
5Y Capital Updates
5Y Capital Named to ChinaVenture's "2024 Top 30 Best VC Firms in the Yangtze River Delta"
On September 26, ChinaVenture released the "ChinaVenture Awards · 2024 Yangtze River Delta Rankings." The rankings surveyed over 200 equity investment institutions in the region, using a combination of quantitative and qualitative methods. Based on AUM, investment, and exit performance metrics, selected institutions were evaluated through preliminary screening, information verification, and final ranking processes — incorporating 20,000+ data points and comprehensive assessment of market influence and reputation. **5Y Capital was named to the "2024 Top 30 Best Venture Capital Firms in the Yangtze River Delta." Read more**
36Kr Releases 2024 "China Industry Investment Fund" Rankings, 5Y Capital Featured on Multiple Lists
Based on overall fundraising, investment, portfolio management, and exit performance collected through 36Kr's equity investment market online survey system, 36Kr selected the 2024 "China's Most Influential Industry Investment Funds," "China's Top 10 Industry Investment Funds/Investors by Sector," and "China's Best ESG Investment Practice Institutions." **5Y Capital was featured on multiple lists including "China New Energy Industry Investment Fund," "China Embodied Intelligence Industry Investment Fund," "China Artificial Intelligence Industry Investment Fund," and "China New Quality Productive Forces Industry Investment Fund." 5Y Capital partner Zhang Fei was named to the 2024 "China Artificial Intelligence Investor" list, and 5Y Capital partner Liu Kai was named to the 2024 "China New Quality Productive Forces Investor" list. Read more**
5Y Capital Named to Jiemian's "2024 Internet and Lifestyle Innovation Institution"
On September 6, at the 4th REAL Tech Conference, Jiemian unveiled three major lists: "REAL 100 Innovators," "REAL 100 Innovation Institutions," and "REAL Company" — covering seven hot tracks: AI large models, AI+ applications, new healthcare, intelligent driving and low-altitude economy, internet and lifestyle, new energy and new materials, and hard tech and advanced manufacturing — showcasing the diverse innovation forces of the year. **5Y Capital was named to the "2024 Internet and Lifestyle Innovation Institution." Read more**
Cyzone Releases 2024 Most Admired Venture Capital Institutions Rankings, 5Y Capital Named to "Top 100 VC Firms" and "Top 25 in AIGC"
On September 20, Cyzone officially released its 2024 Most Admired Venture Capital Institutions rankings, comprising four main lists (Top 50 Early-Stage Investment Institutions, Top 100 VC Firms, Top 50 PE Firms, Top 50 State-Owned Investment Institutions) and six vertical sector lists (Top 50 Intelligent Manufacturing, Top 25 AIGC, Top 25 Biotech, Top 25 Energy Tech, Top 25 New Materials, Top 25 Going Global). **5Y Capital was named to both the "2024 Most Admired Top 100 VC Firms" and the "2024 Most Admired Top 25 VC Firms in AIGC." Read more**
Liu Kai x Tan Dai: AI Applications and Business Opportunities in the Large Model Era | 5Y Tavern
This episode features a conversation between 5Y Capital partner Liu Kai and Tan Dai, President of Volcano Engine. In September, 5Y Capital was invited to lead dozens of innovative portfolio companies on a visit to Volcano Engine. At the event, Liu Kai and Tan Dai discussed specific application examples and business opportunities amid the transformation brought by the large model era — analyzing application results across different domains and exploring future trends and potential commercial opportunities. Read more
When Gen Z Meets the AI Interviewer: Finding Long-Term Careers in a Rapidly Changing Era | 5Y Tavern
In this episode of 5Y Tavern, we invited Ye Xiangyu, founder and CEO of Nowcoder. Nowcoder is a campus recruitment platform that has been deeply focused on this space for ten years. Data shows that the number of Chinese university graduates in 2024 reached 11.79 million, another record high. Under the combined forces of economic, technological, and social factors, young people's career choices and corporate recruitment methods are both undergoing changes. In this rapidly evolving present, Nowcoder has continuously adjusted its business to adapt to new trends. Ye Xiangyu shared his observations on how young people's approach to work is changing, along with insights from their experience with AI-powered interviews. Read more
The Art of Climbing: On Limits, Risk Management, and Freedom | 5Y Tavern
Climbing is often used as a metaphor for entrepreneurship or life itself — about advancing and retreating, danger and the unknown, fear and courage. Climbing requires a balance of technique, physical fitness, and mental strength, managing risk amid uncertainty like a form of imaginative art. Among climbers, free climbing or alpine style represents an even more extreme, niche community. To many, the stories of alpine climbers may seem like wild adventure tales, as they continually push human survival will in harsh environments to the absolute limit. For this episode of 5Y Tavern, we invited a cross-disciplinary guest — free climber Cao Xinyue — to share his story. We hope to explore: what does it mean to scale peaks no human has ever touched? How do climbers balance between pushing limits and making ideal choices? Read more
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