The Future Looks Very Different | December & January Bimonthly Report

蓝驰创投蓝驰创投··0·0

Witnessing BlueRun Ventures' "Defining Moment"

This bimonthly period marks both the end of one year and the restart of another. If we had to sum up BlueRun Ventures and our portfolio companies' 2023 in one sentence, what would it be?

In 2023, we witnessed countless "defining moments" for BlueRun and our portfolio companies: the moment a company rebranded with a new English name, the moment we launched the Buming Entrepreneurship Camp... the moments when numerous innovative products were launched, when businesses expanded globally...

In 2024, BlueRun Ventures will continue to stand by entrepreneurs, supporting these innovations that will transform future technology and daily life, and continuing to bear witness to one "defining moment" after another.

Li Auto

22 Highway Supercharging Stations Now Operational

As of January 19, Shuda New Energy — a subsidiary of Shuda Group's Chengdu-Chongqing Company — and Li Auto have jointly built and put into operation 22 Li 5C supercharging stations across Sichuan Province. These stations are located at major transportation nodes in cities including Chengdu, Leshan, Mianyang, and Nanchong, while also connecting to popular road-trip destinations such as Aba Tibetan and Qiang Autonomous Prefecture, Garzê Tibetan Autonomous Prefecture, and Ya'an. This fully addresses the charging needs of new energy vehicle users in Sichuan for both intercity travel and long-distance journeys.

XinGan Technology

Debut of New Ultra-Low On-Resistance SiC MOSFET Device

Recently, XinGan Technology introduced a heavyweight SiC MOSFET device (N2M120007PP0) targeting the new energy sector, achieving industry-leading ultra-low on-resistance specifications of 1200V/7mΩ. Built on an automotive-grade process platform with advanced architecture and manufacturing techniques, the new product is compatible with 18V gate drive voltage and uses TO-247-4L Plus packaging, significantly enhancing the performance of domestically produced silicon carbide devices. It is aimed at power semiconductor switching applications in new energy vehicle main drives that demand high voltage, large current, and low losses.

Zhitai Biologics

ZT002 Injection Receives Clinical Trial Approval for Fourth Indication

Zhitai Biologics' self-developed Class 1 therapeutic biological product, ZT002 injection, received clinical trial approval from China's Center for Drug Evaluation (CDE) on January 8 for its fourth indication: treatment of non-alcoholic steatohepatitis. Previously, the product had already received clinical trial approvals in China for weight management in obese or overweight adults, blood glucose control in adult type 2 diabetes patients, and treatment of Alzheimer's disease.

YunSheng Intelligent

Recognized as National Industrial Design Center

YunSheng Intelligent was designated and accredited by the Ministry of Industry and Information Technology as one of the sixth batch of National Industrial Design Centers. This designation is awarded to enterprise industrial design centers or industrial design firms with strong innovation capabilities, distinctive features, standardized management, and outstanding performance — representing China's highest level of industrial design innovation.

Zhongke Ruiyi

Designated as Beijing Intellectual Property Pilot Unit

In a recent notice published by the Beijing Intellectual Property Office regarding the proposed list of 2023 Beijing Intellectual Property Pilot and Demonstration Units, Zhongke Ruiyi was selected based on its outstanding innovation capabilities and technical strength. This follows the company's earlier recognition as a national high-tech enterprise.

Luchen Tech

Colossal-AI LLaMA-2 Open-Source Solution Upgraded

Building on its existing training framework, the Colossal-AI team has iterated further, constructing a more refined and comprehensive data system. Using 25 billion tokens, they developed an improved 13B model and open-sourced the corresponding weights.

Youibot

Enters Japanese Market with Partners

At the recent iREX exhibition in Japan, Youibot's AMR products received high praise from partners and ecosystem collaborators. Through demonstrations of innovative solutions including composite robots, lifting robots, and the globally debuting platform-based multifunctional robot B300, Youibot attracted significant attention from professional clients eager to understand what sets this Chinese AMR manufacturer apart.

Bluecore Technology

Debuts at Japan iREX 2023

Bluecore Technology showcased multiple 3D vision-enabled mobile robots and solutions at Tokyo Big Sight. iREX 2023 marked Bluecore's second major overseas exhibition appearance this year, following TILOG-LOGISTIX in Thailand this August. The successful exhibition will accelerate Bluecore's overseas market expansion, providing intelligent logistics solutions for more manufacturing enterprises and transforming production and management methods.

BioMap

Strategic Partnership with GeneQuantum Healthcare

The two parties will collaborate to develop multiple first-in-class/best-in-class ADC drugs for unmet clinical needs. The partnership combines BioMap's self-developed trillion-parameter life science foundation model xTrimo and AI protein generation platform AIGP with GeneQuantum's globally proprietary enzymatic site-specific conjugation technology platforms (iLDC® and iGDC®) and linker-payload technology platform.

YunTu Semiconductor

Partners with E-Smart to Advance Automotive Information Security Products

YunTu Semiconductor and E-Smart recently announced an ecological partnership for close collaboration in connected vehicle security. To better build security defenses for automotive customers, the two companies have jointly developed a domestic solution for in-vehicle controller information security protection — the core layer of comprehensive vehicle information security defense — based on YunTu's 32-bit automotive-grade MCU chips and E-Smart's HSM information security firmware products.

LLVision

Partners with China Aviation Oil

The two parties are jointly developing AR-based solutions to address challenges in language communication, operational training, work standards, and operational safety encountered in overseas airport fueling projects along the Belt and Road. Additionally, LLVision's "Tingyuzhe AR Caption Glasses" were selected as a typical case of information accessibility innovation achievements for 2022-2023. The integrated AR maintenance platform system, developed in collaboration between Tsinghua University, China Southern Airlines, and LLVision, was selected by Harvard Business Review for its 2024 Tech Trends.

LeadOptik

Recognized as First Batch of High-Tech Enterprises in Ningbo for 2023

This recognition confirms LeadOptik's outstanding achievements in biotechnology. The company is building a comprehensive live-cell protein-probe interaction database aiming to cover more than 15,000 proteins in the human proteome.

Wanxun Technology

Successfully Completes Live-Line Connection Operation on Changchun 10kV Kaijing Yi Line

According to Xinhua News Agency, China's most cold-resistant live-line operation robot successfully completed a live-line connection on Changchun's 10kV Kaijing Yi Line, with the lowest operating temperature that day reaching -15°C — setting a new record for the lowest ambient temperature for robotic live-line operations in China. The robot was co-developed by Wanxun Technology and State Grid Changchun Electric Power Company, based on Wanxun's self-developed intelligent perception technology and dual-arm collaborative control algorithms, combined with a distributed temperature control system. It is the first to achieve live-line operations in low-temperature cold environments, solving a long-standing industry challenge.

Energy Singularity

Honghuang-70 Tokamak Toroidal Field Magnet Ring Completed

The completion of the TF magnet ring represents a major milestone in the Honghuang-70 assembly process. The 12 TF magnets are installed outside the vacuum vessel, forming the toroidal magnetic field that confines the plasma. The vacuum vessel, installed inside the TF magnets, is the toroidal "reaction container" that holds the high-temperature plasma. The thermal shield, installed between the vacuum vessel and TF magnets, provides thermal insulation to protect the superconducting magnets from high-temperature components.

Gaussian Robotics

Multiple Recognitions

  • Recognized as Shanghai Science and Technology Little Giant Enterprise
  • Approved as Shanghai Municipal Enterprise Technology Center

QingCloud Technology

Multiple Recognitions

  • KubeSphere named "Annual Outstanding Open Source Technology Team" by Open Source China for three consecutive years
  • Recognized as 2023 Outstanding Contributing Enterprise by OpenCloudOS Community
  • Named 2023 Beijing Software Core Competitiveness Enterprise
  • Selected as 2023 Digital Economy Listed Unicorn Enterprise
  • Selected as member of CAICT's Government-Enterprise IT Application Innovation Promotion Center
  • Selected as first batch member of Transportation Industry Cloud Adoption Promotion Center
  • Selected as first batch member of OpenAtom Cloud Community

Boray Data

Multiple Recognitions

  • Selected for 2023 National High-Tech Industry Standardization Pilot Project
  • Named 2023 Beijing Software Core Competitiveness Enterprise
  • Won "Data Elements" Outstanding Case from Zhongguancun Big Data Industry Alliance
  • Named "2023 Future Digital Productivity · Domestic Digital Infrastructure Leading Enterprise" and became council member of China Cloud System Industry Innovation Strategic Alliance
  • Ranked on Beijing Digital Economy Top 100 Enterprises list for two consecutive years
  • Selected for People's Daily 2023 Inclusive Finance Outstanding Cases, winning "Innovation Model Award" — the only database vendor selected
  • Selected in Gartner's China Database Management System Vendor Selection
  • Won iResearch 2023 Central State-Owned Enterprise Digitalization Best Practice

PPIO

Multiple Recognitions

  • Named CAICT 2023 "Edge Computing Pioneer Enterprise"
  • Chief Scientist Professor Xiaofei Wang received CAICT 2023 "Pioneer Figure" honor
  • Won "2023 Edge Computing Annual Pilot Enterprise" at 8th Global Edge Computing Conference
  • Ranked in IDC's China Edge Cloud Market Tracker 2023H1 TOP10
  • Elected as council member of Shanghai Federation of Industry and Commerce Digital Economy Chamber

YunChu New Energy

Selected for MIIT Industrial Green Microgrid Typical Application Scenarios and Cases

Recently, China's Ministry of Industry and Information Technology selected a batch of industrial green microgrid typical application scenarios and cases. Among them, YunChu New Energy's 5G base station digital energy solution was successfully selected for "2023 Industrial Green Microgrid Typical Application Scenarios and Cases."

ChengTian Technology

Multiple Recognitions

  • Selected for 2023 China Medical Device Enterprise Emerging 100
  • Youran URA Bedside Exoskeleton selected as 2023 Outstanding Design Innovation Product
  • Won "Most Investment Value Award" at 9th China Medical Industry Innovation Competition
  • Selected for CHS2023 Jingxi Health Talk "China Medical and Health Industry Innovation List"

Zero2IPO Rankings

2023 China Equity Investment Annual Rankings

BlueRun Ventures | Top 10 China Early-Stage Investment Institutions

BlueRun Ventures | Top 30 China Digital Economy Investment Institutions

BlueRun Ventures | 2023 China Equity Investment Market ESG Outstanding Institution

Jui Chan | Top 10 China Early-Stage Investors

China Venture Capital Research Institute · Golden Investment Awards

BlueRun Ventures | Annual China Influential Early-Stage Investment Institution TOP30

Jui Chan | Annual China Influential Early-Stage Investor TOP30

Forbes China

2023 Venture Capitalists 100

Jui Chan | Forbes China 2023 Venture Capitalists 100

Terry Zhu | Forbes China 2023 Venture Capitalists 100

TMTpost

Venture Capitalists 2023 Annual Investment Institution Pioneer List

BlueRun Ventures | Annual Fundraising Pioneer — Early-Stage Investment Institutions TOP10

BlueRun Ventures | Annual Investment Pioneer — Early-Stage Investment Institutions TOP20

BlueRun Ventures | Annual Exit Pioneer — Early-Stage Investment Institutions TOP10

BlueRun Ventures | Post-Investment Management Pioneer TOP20

BlueRun Ventures | AI Sector Investment Pioneer TOP20

BlueRun Ventures | Advanced Manufacturing Sector Investment Pioneer TOP20

BlueRun Ventures | Frontier Technology Sector Investment Pioneer TOP20

BlueRun Ventures | Enterprise Services Sector Investment Pioneer TOP10

BlueRun Ventures | Consumer Sector Investment Pioneer TOP20

2023 EDGE AWARDS

BlueRun Ventures | Top 10 Investment Institutions of the Year

Jui Chan | Top 10 Investors of the Year

Jiemian News

China Top Venture Capital Institutions List

BlueRun Ventures | 2023 China Top Venture Capital Institutions TOP50

Rongzhong Rankings

BlueRun Ventures | China Early-Stage Investment Institutions TOP10

China FOF Research Center

BlueRun Ventures | 2023 Best Early-Stage Funds TOP30

Jui Chan | 2023 Best Early-Stage Fund Investors TOP20

21st Century Venture Capital Research Institute

2022-2023 Technology and Manufacturing Investment Competitiveness Research Cases

BlueRun Ventures | Technology and Manufacturing Investment Competitiveness Early-Stage Investment Institution

ChinaVenture

2023 China Equity Investment Annual List

BlueRun Ventures | 2023 Best Early-Stage Investment Institutions TOP30

BlueRun Ventures | 2023 Best Investment Institutions in Internet and Industrial Internet TOP15

Jui Chan | 2023 Best Early-Stage Investors TOP20

Qimingpian

2023 China Equity Investment Annual List

BlueRun Ventures | Early-Stage Investment Institutions Comprehensive List TOP50

BlueRun Ventures | Early-Stage Investment Institutions Active List TOP50

BlueRun Ventures | Enterprise Services Sector Investment Institutions TOP20

Jui Chan | Managing Partner selected for Annual Investors List Top100

Terry Zhu | Managing Partner selected for Annual Investors List Top100

ebrun

2023 Industrial Internet Qianfeng Awards

BlueRun Ventures | Investment Institution Award

Lieyunwang

"Saluting Innovative Power" 2023 Annual Lieyunwang Venture Capital List

Jui Chan | 2023 Most Influential Investor

BlueRun Ventures | 2023 Most Influential Investment Institution

XiGuang Think Tank

Global Navigators 2023 Annual List

BlueRun Ventures | Investment Institution of the Year

BlueRun Ventures | ESG Investment Institution of the Year

Previous Content

Originating in Silicon Valley, BlueRun Ventures was established in 2005 as a venture capital firm focused on early-stage startups.

Currently, BlueRun Ventures manages multiple USD and RMB dual-currency funds in China, with assets under management exceeding RMB 15 billion, making it one of the largest early-stage funds domestically. The firm invests primarily at Pre-A and Series A stages, covering technology, consumer, and healthcare sectors. It has cumulatively invested in nearly 200 startups, including Li Auto, Waterdrop, QingCloud, Guazi Used Car, Qudian, Ganji.com, Energy Monster, Gaussian Robotics, Songguo Travel, YunTu Semiconductor, Machenike, YunSheng Intelligent, Anxin Wangdun, and BioMap.

BlueRun Ventures has been ranked #1 in Zero2IPO's "China Early-Stage Investment Institutions Top 30," #1 in ChinaVenture's "China Best Early-Stage Venture Capital Institutions TOP30," and was named among Preqin's Top 10 VC/PE fund managers globally for sustained high returns.

Additionally, BlueRun Ventures has consistently received honors from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media organizations, including "China Best Early-Stage Institution of the Year," "China Top Venture Capital Institution," "Most Entrepreneur-Friendly Early-Stage Institution of the Year," and "Most Influential Early-Stage Institution of the Year."