What were the big moments for us last month? | Light Moments August Report

About Light Moments Monthly

"Light Moments Monthly" is a regular column from 5Y Capital. At the beginning of each month, we look back at news from 5Y and our portfolio companies over the past month, sharing it with friends who follow us. We hope it helps you get to know us better.

Contents:

01. Portfolio Company Highlights

Major news about funding rounds, IPOs, strategic partnerships, breakthroughs, and new product launches from 5Y portfolio companies.

02. 5Y Capital News

Awards, investor interviews, and thought leadership from our team.

Note: Companies are listed in alphabetical order by pinyin.

01

Portfolio Company Highlights

Souche and Alibaba Sports Form Strategic Partnership

Unlocking New Marketing Through Audience-Targeted Scenarios

On August 18, Souche and Alibaba Sports announced a formal strategic partnership. The two sides will collaborate on user services, livestreaming and micro-variety marketing content, and customized marketing campaigns for innovative scenarios — connecting automotive and sports user data to drive new scenario-based marketing for vertical "auto + sports" audiences through big data. Read more

PingCAP Forms Strategic Partnership with DSG

Opening a New Chapter in Intelligent Data Management

On August 12, PingCAP and DSG (Beijing) Data Management Technology formally signed a strategic partnership agreement. The two sides will carry out deep collaboration across product development, channel value-add, customer resources, and technical community outreach. Read more

Shukun Tech Announces Another RMB 200 Million Funding Round,

Completing RMB 400 Million in Two Months to Lead AI Medical Imaging

On August 31, Shukun Technology announced the completion of a RMB 200 million funding round, led by Qiming Venture Partners, with co-investment from Thundersoft, Langmafeng Venture Capital, and SPD Silicon Valley Bank. The proceeds will accelerate Shukun's comprehensive coverage of the AI medical imaging market and the maturation and commercialization of more globally leading AI medical products. Read more

Pony.ai Partners with Bosch to Build

Autonomous Fleet Management Solution

On August 26, autonomous driving company Pony.ai announced an agreement with Bosch Group, the global automotive technology and services provider, to explore and establish fleet management solutions for autonomous driving. Starting from the San Francisco Bay Area, the two sides will optimize fleet preparation and operational efficiency to build an autonomous fleet with maximum uptime and cross-vehicle platform support. Read more

Xpeng Motors Lists on NYSE

On the evening of August 27 Beijing time, Xpeng Motors formally listed on the New York Stock Exchange under ticker "XPEV" at an IPO price of $15 per share, raising approximately $1.5 billion in total. By offering size and post-money valuation, this was the world's largest IPO for a pure electric vehicle company. Read more

XYZ Robotics Closes Nearly $20 Million Series A+ Round

Recently, XYZ Robotics, a technology company focused on robotic hand-eye coordination applications, formally announced the completion of its Series A+ round of nearly $20 million. The round was led by Source Code Capital, with 5Y Capital and Gaorong Capital making pro-rata follow-on investments. Lighthouse Capital served as the exclusive financial advisor.

5Y Capital had led XYZ Robotics' Series A round in 2019 and continued its support in this round. Read more

"Galixir" Raises Nearly $10 Million

Recently, Galixir announced the completion of a nearly $10 million Pre-A round. The round was co-led by Source Code Capital and DCM, with 5Y Capital participating. Gaorong Capital, which led the company's angel round, continued to increase its stake. Read more

02

5Y Capital News

5Y Capital Wins Multiple Awards in 36Kr's "Most Popular Among Entrepreneurs, Most Recognized by LPs" Rankings

On August 26, 36Kr's 2020 China Investor Future Summit was held in Shanghai, where the 2020 investment institution rankings were released:

Qin Liu, Founding Partner of 5Y Capital, and Fei Zhang, Partner at 5Y Capital, were named to the "2020 China Top 100 Investors Most Popular Among Entrepreneurs";

5Y Capital won two awards: "2020 China Top 100 Investment Institutions Most Popular Among Entrepreneurs" and "2020 China Top 50 Investment Institutions Most Recognized by LPs." Read more

5Y Capital Ranks

Top 3 on "2020 Best China Concept Stock IPO Backers"

Futu and 36Kr jointly released the "2020 Best China Concept Stock IPO Backers," focusing on institutions that backed China concept stock IPOs — honoring outstanding investment firms that stood firmly behind these companies as they went global. 5Y Capital ranked in the top three of the "Best China Concept Stock IPO Backers — Venture Capital Top 20." Read more

5Y Capital Named to

2020 CBN Annual Equity Investment Value Ranking

Top 50 Venture Capital Firms

On August 27, the "CBN Equity Investment Summit" was held in Shanghai, releasing the CBN Annual Equity Investment Institution TOP Ranking, Annual Equity Investment LP TOP Ranking, and other lists. 5Y Capital was named to the "2020 CBN Annual Equity Investment Value Ranking — Top 50 Venture Capital Firms." Read more

5Y Capital Wins Multiple Awards

in China Venture Capital Golden Eagle Awards

Recently, the 8th China Venture Capital "Golden Eagle Awards" and China Startup "New Seedling Awards" were officially announced. Qin Liu, Founding Partner of 5Y Capital, was named to the "2020 China Venture Capital Golden Eagle Awards — Investor of the Year Top 10"; 5Y Capital was named to the "2020 China Venture Capital Golden Eagle Awards — Best VC Firm of the Year Top 10"; and Fei Zhang, Partner at 5Y Capital, was named "2020 China Venture Capital Golden Eagle Awards — Best Investor in AI." Read more

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5Y Capital is one of China's earliest venture capital firms focused on early-stage investing, currently managing both USD and RMB funds with approximately several billion dollars under management. Its LPs include internationally renowned sovereign wealth funds, family offices, funds of funds, and university endowments.

Having worked together for nearly two decades, the 5Y Capital team seeks out, supports, and inspires entrepreneurs who dare to go it alone, sharing in their exceptional vision and providing our insights, industry experience, and support across all aspects of operations — from the spiritual to the practical.

5Y Capital's successful investments include Sohu (NASDAQ: SOHU), Trip.com Group (NASDAQ: CTRP), The9 (NASDAQ: NCTY), China Distance Education (NYSE: DL), Focus Media (SZ: 002027), Xunlei (NASDAQ: XNET), Phoenix New Media (NYSE: FENG), UCWeb (Alibaba, NYSE: BABA), JOYY (NASDAQ: YY), Didi Dache (DiDi), Musical.ly (ByteDance), NYSE: ZEPP (NYSE: HMI), TAL Education (NYSE: ONE), Huya (NYSE: HUYA), Xiaomi (HK: 0181), Viomi (NASDAQ: VIOT), Kingsoft Office (688111.SH), Lizhi (NASDAQ: LIZI.US), and Agora (NASDAQ: API). The portfolio also includes fast-growing companies such as Kuaishou, WeDoctor, SenseTime, Xpeng Motors, Souche, Horizon Robotics, Bigo, Aihuishou, Xiaozhu, Maimai, Smartmi, Pony.ai, and Keep.