China Internet Investment Fund
中国互联网投资基金
The China Internet Investment Fund (中国互联网投资基金, also referred to as "中网投" or CIIF) is a state-backed investment fund focused on China's internet and technology sectors. Elsewhere's corpus does not contain a dedicated profile of the fund itself, but its activity across multiple deals shows it operating as a significant growth-stage investor in domestic technology companies.
The fund has participated in several major financing rounds, often taking lead or co-lead positions. It jointly led Vastai Technologies' 500 million RMB Series A+ in April 2021 alongside Matrix Partners China , and led Silicon Integrated's D+ round in August 2025 to advance domestic chip capabilities . It has also made strategic investments in AI companies such as Zhuiyi Technology alongside China Mobile Innovation Industry Fund , and backed drone systems developer iKingTec in both a C+ round and an earlier led round . More recently, it has followed on in rounds for robotics company Unitree and AI infrastructure firm Spirit AI .
The fund's portfolio concentration—spanning AI semiconductors, autonomous systems, and enterprise software—suggests a mandate aligned with China's strategic priorities in technological self-sufficiency and digital infrastructure. Elsewhere's corpus does not cover the fund's founding date, AUM, or organizational structure in detail.
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Coverage
MaKe | MaHui Member "Galaxy Universal" Announces 2.5 Billion Yuan Funding Round, Source Code Capital Participates in Angel Round and Two Subsequent Rounds
The Year's Largest Embodied Artificial Intelligence Funding Round
MaHui Member Silicon Integrated Closes D+ Round to Advance Domestic Chip Industry
Seeing the Rhythm in Progress | Vital Monthly
Counselor Vitality
Spirit AI Closes Nearly 600 Million RMB Pre-A+ Round | Oasis Vitality
Consultant Vitality
Galaxy Universal Raises 500 Million Yuan in Strategic Funding Round | BlueRun Ventures Headlines
Embodied Intelligence Powers a New Future for General-Purpose Robotics
A Conversation with Feng Zhao of Harvest Capital: Don't Just Stay Inside the Investment World
Written on the heels of two blockbuster IPOs in a row.
Code Moment | Unitree Raises Nearly 1 Billion RMB to Advance Technology for Global Progress
iKingTec Closes C++ Round, Readies Launch of 'Battle Robe' One-Base Dual-Drone System | BlueRun Ventures
Boosting Productivity and Efficiency Through Four-Dimensional Capabilities
Setting Off in Spring: 7 Early-Stage Companies Raise Over 800 Million | FreeS Family Funding News · Vol 14
Looking forward to working with more outstanding founders.
Rongbao · June | BOSS Zhipin and Dingdong Maicai successfully go public; medical, industrial upgrade, and chip companies close new funding rounds
Xingji, Dongjing Yiwan, Qitan Technology, and other companies have completed new funding rounds.
The Important Thing Is the Continuous Accumulation of Every Moment | 5Y News Monthly
What were the major events last month?
5Y News | Zhuiyi Technology Secures Strategic Investment of Several Hundred Million RMB
Exploring the commercial boundaries of AI technology.
Zhuiyi Technology Secures New Strategic Funding Round to Deepen AI Capabilities and Accelerate Industrial Digital Transformation
Advance AI technology innovation and industrialization.
The Best Is Always Ahead | 5Y News Monthly
Happy Labor Day!
5Y News | Vastai Technologies Announces Completion of 500 Million RMB Series A+ Funding Round
A leader in computing architecture for the future digital world.
