Ant Group CVC

Ant Group CVC — usually written 蚂蚁战投 (Ant's strategic investment arm) — is the corporate venture capital unit of Ant Group, investing with the parent's own balance-sheet money rather than LP capital, which as Tsinghua professor Tian Xuan notes in a 暗涌Waves piece means long horizons, no exit pressure, and strategy-first dealmaking; he ranks Ant alongside Tencent, Alibaba, Xiaomi and Baidu as China's top five CVCs . Its recent activity is heavily AI-tilted: 暗涌Waves places it behind AI video firms AISphere and Shengshu Technology plus search startup Metaso , per a 葬AI roundup it was among 2025's most active CVCs with bets like Lovart (alongside Sequoia at a ~$500–600M valuation) and RockFlow , and 5Y Capital reports it co-invested in Natural Selection's $30M round in early 2026 . Older, better-known cases include Orbbec, ofo, and backing Hello Inc. once ofo's merger risk with Mobike emerged , and it joined Alibaba's November 2023 investment in Moonshot AI's Kimi at a ~$600M valuation . In March 2026 it followed on in AI hardware startup V-Light's 100M+ yuan Pre-A round .