CCTV Convergence Media Industry Investment Fund
央视融媒体基金
CCTV Convergence Media Industry Investment Fund (央视融媒体基金) is a state-backed industry fund that invests in hard technology and strategic emerging sectors. It has been particularly active in quantum computing and artificial intelligence: it led the pre-A round of HYQubit, an ion-trap quantum computing startup, in 2024 , and co-led the 400 million yuan Series D of FlashMa (闪马智能), a video AI analytics company, back in 2022 . The fund also participates as a co-investor in larger rounds, such as Galaxy Universal's $300 million funding in late 2025 alongside China Mobile, CICC Capital, and others . Its investment decisions carry explicit policy alignment—when backing FlashMa, fund manager Hu Shuguang cited the "digitalization and intelligentization wave" driving government and enterprise demand for AI . This fits the broader pattern of national media and telecom capital being deployed as "industry funds" to guide private capital into core technology domains, as 暗涌Waves described in its 2023 survey of China's industrial investment landscape .
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Coverage
BlueRun Ventures Seed Project Galaxy Universal Closes $300 Million New Funding Round | BlueRun Family
Humanoid robots are entering a new phase of scaled productivity.
Rongbao | Major Acquisition in Innovative Drugs; Laser Chips, Quantum Computing, and Global Payment Platform Secure New Funding
"Every step forward feels like a bloom."
Huayi Quantum Secures Over 100 Million Yuan in Pre-A Round to Accelerate Development of Novel Ion-Trap Quantum Computer
Committed to achieving sustained, rapid growth in qubit scale.
Linear News | Linear Capital's Early Portfolio Company "Sima AI" Closes RMB 400 Million Series D, Linear Capital Increases Stake
On August 9, SenseTime — an AI platform company focused on video intelligent analysis and spatiotemporal data management — completed its fourth funding round of RMB 400 million. This Series C financing marks the deep maturation of its business model and its ascension to the industry's leading ranks. **The round was co-led by Zhangjiang Hi-Tech, Zhangjiang Group, Langtai Capital, and CCTV Integrated Media Fund, with existing shareholders Guochuang Zhongding and Linear Capital continuing to participate.** With sustained backing from investors, SenseTime...
