Qiming Venture Partners and Over 10 Portfolio Companies Named to Diyixinsheng's 2025 China AI Industry Innovation Pioneer List

Recently, Diyixinsheng released its third AI Innovation Pioneer — 2025 China AI Industry Innovation Pioneer Rankings. The rankings aim to provide comprehensive insight into the current state of AI industry development, sector landscape, application trends, and emerging opportunities, identifying exceptional companies that have garnered investor attention and earned customer recognition — enterprises that demonstrate cross-cycle resilience and high growth.

This year's rankings comprise three major categories: comprehensive rankings, industry rankings, and case study rankings. Qiming Venture Partners and more than 10 of its portfolio companies were named to the lists.

In the investor rankings, Alex Zhou, Managing Partner of Qiming Venture Partners, was named to the China AI Industry Pioneer Investors TOP30.

Alex Zhou Managing Partner Qiming Venture Partners

Named to China AI Industry Pioneer Investors TOP30

Qiming Venture Partners portfolio companies Zhipu AI, Galaxy Universal, StepFun, Zhihu (NYSE: ZH, 02390.HK), Meitu (01357.HK), Biren Technology, Infinigence AI, Shengshu Technology, UBTECH (09880.HK), Tashi Zhihang, Transwarp Technology (688031.SH), and WeRide (NASDAQ: WRD) were named to the enterprise rankings.

Zhipu AI, Galaxy Universal, and StepFun

Named to China AI Pioneer Enterprises TOP30

Zhipu AI (Zhipu Qingyan, Z.ai)

Zhihu (Zhihu Zhida)

Meitu (Meitu Design Studio)

Named to China's Most Popular AI Innovative Products TOP30

Biren Technology, Infinigence AI

Named to China AI Infrastructure Innovation Enterprises TOP20

Zhipu AI (GLM large models)

StepFun (Step series general-purpose large models)

Shengshu Technology (Vidu)

Named to China AI Large Model Innovation Enterprises TOP20

Zhipu AI

Named to China General AI Agent Innovation Enterprises TOP10

StepFun

Named to China Vertical AI Agent Innovation Enterprises TOP30

UBTECH, Galaxy Universal, Tashi Zhihang

Named to China Embodied AI Innovation Enterprises TOP20

Transwarp Technology

Named to China Data+AI Innovation Enterprises TOP15

Zhang Peng, CEO of Zhipu AI

Yilun Chen, Founder and CEO of Tashi Zhihang

Daxin Jiang, Founder and CEO of StepFun

Zhou Jian, Founder, Chairman of the Board, and CEO of UBTECH

Lixue Xia, Co-founder and CEO of Infinigence AI

Han Xu, Founder and CEO of WeRide

Named to China AI Industry Pioneer CEOs TOP30

Selection Criteria

· Third AI Innovation Pioneer — 2025 China AI Industry Innovation Pioneer Rankings

Through public data, research questionnaires, phone interviews, and other methods, Diyixinsheng comprehensively collected enterprise data and information, conducted in-depth interviews and research with applicant companies, and continuously gathered feedback from industry experts and investors. The organization invited seasoned industry experts and active investment professionals to serve as judges, evaluating nominees across multiple dimensions including business metrics, product capabilities, technical strength, innovation, application deployment, and market influence to finalize the rankings.

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Diyixinsheng noted that China's AI industry entered a critical advancement phase in 2025 characterized by "deepening technology + scaled deployment," with ecosystem maturity and core competitiveness improving in tandem. According to the latest statistics, China's AI core industry has surpassed 1.8 trillion RMB in scale, with technology-driven characteristics prominent. AI's contribution to China's economy is projected to exceed 30% by 2030.

In this progression, innovation across the full AI technology chain continues to accelerate, profoundly reshaping the form and development trajectory of various industries. Multimodal large models have gradually achieved commercial deployment, significantly driving efficiency gains in financial services, healthcare, education, and other service scenarios; embodied intelligence technology has broken through bottlenecks to scaled application, with robots integrating more deeply into critical manufacturing processes with greater flexibility and intelligence; the deep fusion of Data+AI is catalyzing the construction and promotion of trusted data spaces, further enhancing security and trust in data circulation and collaboration; and AI agents as emerging technical tools are being widely applied in enterprise operations, becoming a key driver of cost reduction and efficiency improvement.**

Meanwhile, the industry ecosystem is increasingly exhibiting the distinctive characteristic of "technology breakthroughs balanced with investor rationality." Investors are focusing more intently on actual commercialization capabilities and deployment prospects, while entrepreneurs are placing greater emphasis on core technology iteration and deep integration with real-world scenarios. These shifts are not only redefining the competitive elements for innovative enterprises but also signaling that China's AI industry is advancing from technology catch-up to ecosystem leadership.

Source | Diyixinsheng

Past Coverage

Qiming Stars | Qiming Venture Partners Portfolio Companies Win 7 Awards in Diyixinsheng 2023 China AIGC Innovative Enterprises Rankings Qiming Honors | Qiming Venture Partners Named to Tech T50 — China's Top 50 Pioneer Tech Investment Institutions Qiming Perspectives | Qiming Venture Partners' Alex Zhou: 2025 Will Be the Year AI Applications Fully Deploy

Founded in 2006, Qiming Venture Partners currently manages 11 USD funds and 7 RMB funds, with total committed capital reaching $9.5 billion. Since its inception, the firm has focused on investing in outstanding early and growth-stage companies in Technology and Healthcare sectors.

To date, Qiming Venture Partners has invested in over 580 high-growth innovative enterprises, of which more than 210 have listed on the New York Stock Exchange, NASDAQ, Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange, and Shenzhen Stock Exchange, or exited through M&A and other means. Over 80 portfolio companies have become recognized unicorns or super-unicorns.

Many Qiming Venture Partners portfolio companies have grown into the most influential players in their respective fields, including Xiaomi (01810.HK), Meituan (03690.HK), Bilibili (NASDAQ: BILI, 09626.HK), Zhihu (NYSE: ZH, 02390.HK), Roborock (688169.SH), UBTECH (09880.HK), WeRide (NASDAQ: WRD), HyperStrong (688411.SH), Insta360 (688775.SH), Unisound (09678.HK), Gan & Lee Pharmaceuticals (603087.SH), Tigermed (300347.SZ, 03347.HK), Zai Lab (NASDAQ: ZLAB, 09688.HK), CanSino Biologics (688185.SH, 06185.HK), Schrödinger (NASDAQ: SDGR), MicroPort EP MedTech (688617.SH), Sanyou Medical (688085.SH), Amoy Diagnostics (300685.SZ), Berry Genomics (000710.SZ), SinoCellTech (688520.SH), Yuanxin Technology, Insilico Medicine, MediLink Therapeutics, LaNova Medicines, Zhipu AI, StepFun, Biren Technology, and others.