Hillhouse
高瓴
elsewhere's corpus does not cover Hillhouse. The retrieved material only surfaces unrelated funds and companies — Linear Capital, Oasis Capital, BlueRun Ventures, Yunqi Capital, and others — with no substantive information about Hillhouse itself.
AI-generated — may contain errors, please verify.
Coverage
D-Robotics Closes $400 Million Series C Round as Linear Capital Doubles Down for the Seventh Consecutive Round | Linear Portfolio
Cumulative shipments of the Sunrise chip have surpassed 8 million units.
Gaorong Ventures Report: Physical AI, Domestic Computing Power, Controllable Nuclear Fusion, and Medical Innovation Companies Close Major Funding Rounds
From the continuous leap in model capabilities to hard tech crossing the thresholds of engineering and industrialization, a new wave of technological innovation is accelerating toward the real world.
Moving Forward Along New Coordinates｜Vital Monthly
Advisory Vitality
Yunqi Capital-Backed NovaFusion Raises 1.2 Billion Yuan, Becoming Nuclear Fusion Sector's First Decacorn
Racing to join the first cohort of companies worldwide to achieve commercial fusion power generation
The Second Half of AI Won't End With Just One Supermodel｜A Conversation With Kevin Ding, Pyromind Founder/CEO
In the Second Half of AI, It Won't Boil Down to One Supermodel | A Conversation with Pyromind Founder/CEO Kevin Ding
An American Engineer's 11 Days in China
China in 2036 will look very different from 2026.
AI apps scamming money, oh wait, fundraising guide
Strategically, learn from Macaron; tactically, learn from LibTV.
Current Robotics: Humanoid Intelligence Starts with Humans | Oasis Capital
I need to translate this Chinese text to English. "参赞" can mean several things: - A counselor/diplomat (参赞 is a diplomatic rank: counselor/minister-counselor) - To participate and assist/advise "生命力" means vitality, life force, vigor. Given the context of elsewheres.news covering China's tech, VC, and creator economy, this appears to be a title or heading. Without more context, I'll consider the most likely interpretations: If this is about a diplomatic figure discussing vitality: "Counselor on Vitality" or "A Counselor's Take on Vitality" If this is using "参赞" in a more literary/archaic sense of participating in/admiring: "In Praise of Vitality" or "On Vitality" However, looking at this as a potential title for a piece about assessing or reflecting on vitality (perhaps in a business/cultural context), a more natural English rendering might be: "**The Vitality Counselor**"
Peking University Physics PhD Bets on Neutral-Atom Computing; Yunqi Capital Backs Nakaik Quantum's Angel+ Round
Long-term conviction, betting on the next generation of computing.
ZhenFund led the latest funding round for Qisuan Guangqi, advancing the development of optical computing chips and systems
Funding will be directed toward core technology R&D, product iteration, and talent development.
What model is the world?
"Big Club's Game"
100 Hardware Fanatics, 48 Hours, Something Electric Happened in Zhangjiang | Someone's Always Out There Doing Something New
Can Be Abstract, Can't Be Mediocre
Blue Emergence raises tens of millions of RMB in angel+ round co-led by Qiming Venture Partners
Ocean-tech consumer products company
"Deep Principle" Closes Nearly RMB 1 Billion in Total Series A Funding, Linear Capital Continues to Increase Stake | Linear Portfolio
Leading globally in AI scientist capabilities and industrial implementation.
Heart Capital Makes Consecutive Investment in Kunlun Robotics, Accelerating Commercialization of Embodied Intelligence | HeartStar PORTFOLIO
Leading the embodied intelligence industry to achieve scaled, commercial breakthroughs.
Embodied Intelligence "Ace Team" Assembles, Kunlun Xing Robotics Closes Three Consecutive Major Funding Rounds
Leading the embodied artificial intelligence industry toward scaled, commercial transformation.
Liblib, what's your dream?
Here's to hoping we can keep winning.
Hillhouse Made an Investment in a Hug
A PhD student who loves love built a robot that gives you hugs late at night
Ola Dimensions Closes Hundreds of Millions in Angel Round, Using "Trainable" Paradigm to Rebuild Physical-World Data Loop for Home Embodied Artificial Intelligence | Unity Ventures Portfolio News
The third funding round completed in three months
BlueRun Ventures Leads Round as SiClink Focuses on Visual Reconstruction, Exploring New Frontiers in Brain-Computer Interfaces | BlueRun Portfolio
Bidirectional interaction is the critical turning point that transforms brain-computer interfaces from "functional compensation tools" into "information interfaces."
The Unforgettable Series C Funding of Moonshot AI
A stroke of genius.
5Y News | Oula Wanxiang Raises Hundreds of Millions of RMB to Build "Raise-Your-Own" Home Embodied Intelligence Robots
Closed several rounds of financing within two months.
Ola Dimensions Closes Hundreds of Millions of Yuan in Funding: Former Huawei Embodied AI "Employee No. 1" Zhou Shunbo Ventures Into "Tamagotchi-Style" Home Embodied AI Robots | New Unity Ventures Portfolio Company
Zhou Shunbo is the only Huawei "Genius Youth" recruit whose research proposal centered on intelligent robots.
Code Moment | Sirius Pharma Closes Nearly $40 Million Series B+ Round, Existing Shareholder Source Code Capital Continues to Double Down
Sirius Pharma announced the completion of a nearly $40 million Series B+ funding round, with existing shareholder Source Code Capital continuing to increase its stake.
BlueRun Ventures Portfolio Company NeoImmuneTech Completes $38 Million Financing to Advance First-in-Class "Myeloid Cell Engager" Immunotherapy Pipeline | BlueRun Family
From Technical Platform Validation to Clinical Value
"You've got a shovel that can dig up gold — you're definitely not lending it out first" | A Conversation with Kaiwuji's Lu Ziheng: Using AI to Invent New Materials
As long as you're still stirring things up, there's still hope.
"Boundless Dynamics" Closes New Funding Round, Signs Over 500 Million Global Order with Envision Group | Linear Portfolio
The first nine-figure RMB overseas order for embodied manipulation intelligence.
Who's the World's Top FA? Not Fan Bao
"Not Fan Bao" April 27, 2026 Qiu Mu *Burying AI* If you clicked on this headline, you probably already know the answer. Allow me to formally introduce — the unicorn factory that hit a $1.3 billion valuation before its product even officially launched, the King Maker holding several "AI Douyins" and world-model projects, the benefactor of Lovart's Melvin Chen on his road to success, the Farsighted Capital that uses Wu Ma as its own Dou+. As the most accomplished player in the current meta of China's venture capital market...
Zero real-world training data, nearly 100% success rate! Sudu Tech debuts self-developed system #Sudo R1 | Oasis Vitality
Unlocking a New Paradigm in Embodied Artificial Intelligence
$2 Billion Startup SurgeTech's Debut in Embodied AI Is a Blockbuster: Zero Real-World Data, Zero-Shot, 98% First-Attempt Grasp Success Rate | BlueRun Ventures Family Headlines
Sudo Tech's Embodied Model #Sudo R1 Makes Its Debut
Qiming Venture Partners | Connecting World-Class Science with Top Investors: Second Round of Startup Proposals Open for Inaugural S2S China Symposium
We sincerely invite top scientists to visit the S2SChina website and submit proposals, embarking on an accelerated journey from the lab to entrepreneurship.
"You wouldn't lend out a shovel that can dig up gold" | A Conversation with Lu Ziheng of Kaiwu Ji: Using AI to Invent New Materials
BlueRun Ventures' Angel Project Tashi Zhihang Closes $455M Pre-A Round to Build Robots That "Actually Work and Actually Ship" | BlueRun Family
Let China's Embodied Intelligence Take the World Stage
"Tashi Intelligent Navigation" Raises $455 Million in Pre-A Round, Linear Capital Continues to Back Through Three Consecutive Rounds Since Seed Stage | Linear Portfolio
China's embodied intelligence sector has set two all-time fundraising records simultaneously.
After Raising $30 Million, This Company Handed the "Steering Wheel" to AI | An Interview with CREAO
AI for the Employee, or the Employee for AI?
Yunqi Capital Backs CREAO AI's Pre-A Round with Tens of Millions of Dollars to Rebuild the Work Entry Point with Agent OS | Yunqi Portfolio
Betting on a Better Cycle
Yunqi Capital angel-round project "Nova Fusion" has raised a total of 1.2 billion yuan, setting a record for early-stage funding in private-sector fusion energy
Targeting the Global First Tier for Commercialized Fusion Energy
"Octopus Power" Secures Hundreds of Millions in Funding Led by Top Singapore VC K3, with Linear Capital Continuing to Invest | Linear Portfolio
Lay a more solid foundation for the go-global strategy.
Nova Fusion Closes Massive 700 Million Yuan Angel+ Round, Aiming for the Global First Tier of Commercial Fusion
Fusion for AI & Beyond
5Y News | D-Robotics Closes $150 Million Series B2 Round
The company's total Series B funding has reached $270 million.
D-Robotics Raises Another $150 Million in Funding, Bringing Series B Total to $270 Million to Accelerate Global Expansion
2025 Performance Achieves a "Triple Jump"
"D-Robotics" Raises Another $150 Million, Linear Capital Continues Backing Every Round | Linear Portfolio
Annual shipments surged 180% year over year.
AI Unicorn Factory
Script, catfish, loop, rainmaker, role model, results.
5Y News | Syneron Bio Closes $150 Million Series B Round
Syneron Bio today announced the completion of its Series B funding round.
AlphaLeads | Financial AI frontrunner Xuntu Technology (AlphaPai) closes nearly RMB 200 million Series A led by Qiming Venture Partners
Pioneer in Financial AI
China's "Native" NEO Lab Takes On World Models, Backed by Hillhouse Capital and Peking University-Affiliated Funds in Multi-Million-Dollar Round
The "Final Stop" for AGI.
5Y News | Helixon Therapeutics Closes $787 Million Financing Round, Setting New 2026 Biotech Fundraising Record
DeepSeek, regarded as a biotech company.
Space Startup "Astrostone" Closes Pre-A+ Round as Its "Space Android" Takes Shape | Yunqi Capital
Yunqi Capital continues to increase its stake
Helixon Raises $787 Million, Setting a New Global Record for Biotech Fundraising This Year
Accelerating the transformation of AI innovations into potentially transformative medicines.
"Octopus Power" Closes Nearly $50 Million Series A, Co-Led by Linear Capital and Others | Linear Portfolio
Building a sustainable, self-evolving embodied-intelligent productive force.
Wobrain Medical Completes Strategic Funding Round to Accelerate Global Expansion in Neurovascular Medical Technology
Completed a strategic merger to accelerate global expansion.
5Y News｜D-Robotics Closes $120 Million Series B1 Funding Round
D-Robotics announced it recently completed a $120 million Series B1 funding round.
D-Robotics Closes $120M Series B1 to Accelerate Building Embodied AI Native Tech Foundation
Series A and Series B funding rounds totaled $220 million.
"D-Robotics Closes $120 Million Series B1 Round, Linear Capital Continues to Add to Its Stake | Linear Portfolio"
Accelerating the development of an embodied-AI-native technology foundation.
Xpeng AeroHT Raises Nearly $200 Million, Advances Flying Car Toward Commercial Mass Production
A global leader in low-altitude product innovation.
"Aviation Huitian" Secures Nearly $200 Million in New Equity Financing, Becoming Asia's Most-Funded Company in Manned Low-Altitude Flight | Xinxing PORTFOLIO
The company has raised approximately $1 billion in total equity financing throughout its history.
BlueRun Ventures-Backed Lingchu Intelligence Raises 2 Billion Yuan in Seed Round, Tackling "Dexterous Manipulation" Challenge | BlueRun Family
Bringing Robots Into Factories, Onto the Market
Sp.02 | A Conversation with Master Dong: The Untold Stories Behind 20 Years of Chinese Venture Capital
A Sidebar Conversation with Master Dong on 20 Years of Chinese Venture Capital
Happy New Year!
Three "Tech Guys" Valentine's Day Gift: Early-Stage Portfolio Company Manycore Tech Completes Filing for Hong Kong IPO | Yunqi Capital
Race to become the "first global spatial intelligence stock"
"Boundless Dynamics" Raises Hundreds of Millions of RMB in Angel+ Round, with Linear Capital, HSG, Hillhouse and Others Continuing to Back | Linear Portfolio
Our first-generation self-developed robotics platform has already been deployed in real-world customer scenarios.
Qiming Venture Partners | Global Top Biotech VCs Gather, First S2S China Symposium Startup Proposal Countdown Begins
Top scientists are invited to visit the S2SChina website and submit proposals, embarking on an accelerated journey from the lab to entrepreneurship.
Spring has arrived — can blossoms be far behind? | Linear Quarterly
Rather than waiting for spring, define it.
BlueRun Ventures Leads Nearly $10 Million Seed Round for AI User Research Platform Trooly.AI | BlueRun Portfolio
Let consumer insights reach product decision-makers directly
Using AI for In-Depth User Interviews, Backed by Lanchi Ventures, Hillhouse Capital, and Wang Huiwen
AI may not be great at companionship for a lifetime, but it can nail a one-hour interview.
Gen Z, UC Berkeley Dropout, Backed by Hillhouse, BAI, and MiraclePlus: Li Wenxuan's Escape Route and AI Gamble
Can't someone born after 2000 be obsessed with cash flow?
BlueRun Ventures Leads Investment as Critical Point AGILINK Closes Two Consecutive Funding Rounds | BlueRun Family
Breaking Through the Critical Point of AGI in the Physical World
In Sync with OpenAI, "Deep Principle" Leads 24 Top Global Institutions in Releasing LLMs for Science Benchmark | Linear Portfolio
Can high scores on test banks actually power scientific discovery?
The Fundraising Stories of China's "Six Little Tigers": Six Paths, Six Lives
If Kimi ever goes public, will the bell-ringing photo look very different?
MiniMax Goes Public: The $1.5 Billion Fundraising Blitz, 15 Reasons Investors Bet on It, and How Long Each One Lasts
One Year in AI, Five Years on Earth
PhotonPay Secures Tens of Millions of Dollars in Series B Funding Led by IDG Capital
What Will the Next-Generation Value Network Look Like?
Qiming Venture Partners' Alex Zhou: From Founding Investor to IPO Cornerstone, Firmly Believing in Biren Technology's Ability to Navigate Long Cycles
"We won't invest too early before the wave arrives, nor will we follow the crowd once the wave has fully formed. We aim to seize the moment — that 'half-step' just before the big wave hits — to find and back the most promising teams."
Sp.01 | Debriefing China's Primary Market in 2025 (Ft. Crossroads)
Where Did the Money Go? Who's Still Writing Checks? A 2025 VC Debrief With Jing Liu
VC takes a certain amount of instinct.
Where Did the Money Go? Who's Still Writing Checks? A 2025 VC Debrief with Jing Liu New Consensus and Undercurrents Among China's VCs
Investing in 50 AI Companies a Year; What Was I Thinking When None of Us Knew the Answers? | A Conversation with Jie Yang: Founding Partner of Jinqiu Fund
The moment the wind picked up.
Investing in 50 AI Companies in One Year; What Was I Thinking When None of Us Knew the Answers? | A Conversation with Jie Yang, Founding Partner of Jinqiu Fund
Leaving ByteDance to Go All-In on AI: Why Jinqiu Fund Isn't Called "Jie Yang's Jump" | AI Deadlock
Don't overgeneralize.
First-Round Backing from Allen Zhu and Hillhouse: How a Post-'95 ByteDance Alum Wants to Build the World's First Vibe Workflow | A Conversation with Refly.AI's Wei Huang
Between Agent and workflow, Vibe Workflow is carving out a new path.
Allen Zhu invested in a Vibe Workflow company
"Coze for Dummies"
Exclusive | Airwallex Raises Another $330 Million, Hits $8 Billion Valuation Today
The Saved and the Saved.
I think the sun will shine bright tomorrow morning | Opening Remarks
Maybe wrong, always fun.
Gambo says it wants to build the best game engine, and a community too | Sketch
Creativity comes from players.
"Dealism" Closes Angel Round of Over 100 Million Yuan Led by Hillhouse, with HSG and Linear Capital Participating | Linear Portfolio
The world's first Vibe Selling AI Agent company.
Hillhouse Capital and Hongshan Co-Invest in a Sales Agent Startup Going Global
Former Youzan COO Launches New Venture
"Boundless Dynamics" Closes 300 Million Yuan Series A, Co-Led by HSG and Linear Capital | Linear Portfolio
Focus on the R&D and iteration of foundation models driven by high-value scenarios.
MaHui Member Sirius Pharma Raises Over 300 Million Yuan in Series B, with Existing Investor Source Code Capital Increasing Stake
Solidifying an Innovative Footprint in RNA Therapeutics
MaKe | MaHui Member "Starmax Innovation Beatbot" Secures 1 Billion RMB in Funding, Opening a New Chapter for Yard Robots
Starbucks China Sale Enters Final Round | Mega M&A
Far from the end.
The Next Billion-Dollar Track After Short Dramas: This AI Company Is Already the Market Leader | A Conversation with Miao Zhuang, Founder of Jellyfish Intelligence
After raising 100 million RMB from top-tier investors, it abruptly abandoned its core business and went all-in on "AI manhua dramas" — an atypical pivot for an AI startup.
The AI Investment Mid-Game: Talent Wars, Faith Divides, and Super Opportunities
I notice you've entered a period/full stop (。) with no Chinese text to translate. Please provide the Chinese content you'd like me to translate, and I'll be happy to help.
"ShiningSoul" has raised several hundred million RMB in its Series A funding round, with Gaorong Ventures participating in the investment.
Define the next-generation TCG ecosystem.
A Conversation with Lingchu AI CEO Qibin Wang: On Robotics Technology Roadmap Choices, and the Key Breakthroughs for VLA Capabilities | BlueRun Ventures Family Headlines
Peng! Play Mahjong with a robot!
An Agent Infra Founder with $25M ARR Says: We're at 6:05 AM on Day One of the Agent Era | A Conversation with Xiaosu Technology's William Du
"Grainite" Closes Series B3 Round to Accelerate AI-Native 3D Graphics Engine R&D | Linear Portfolio
Advancing the AI transformation of 3D engines and their deployment in automotive and industry-specific scenarios.
Ten Years of Entrepreneurship: The Stories of People Coming and Going in Kai Yu's Eyes at Horizon Robotics | Linear Voice
The only way to change the script is to change yourself.
The Only AI4S Company Invited Worldwide, "Deep Principle" Attends Davos Summer Forum Panel Discussion | Linear Portfolio
and was selected as a Technology Pioneer by the World Economic Forum at Davos in 2025.
Linear Capital's Can Zheng: The Hype Is Just a Surface — Opportunity Belongs to Teams With Conviction and Execution | Linear View
Focus on the power of obsession and execution.
The Answer Isn't on the Old Map | 5Y News Monthly
The big news from last month.
5Y News | D-Robotics Closes $100 Million Series A to Accelerate Embodied AI Ecosystem Buildout
Accelerating the intelligent evolution of robots.
Deebot Robotics Closes $100 Million Series A, Monolith Co-Leads
The "Common Choice" of Robot Developers Worldwide
D-Robotics Raises $100 Million in Series A Funding to Accelerate Embodied Artificial Intelligence Ecosystem Expansion | Unity Ventures Portfolio Addition
The "Top Player" in the Embodied Artificial Intelligence Infra Track
"D-Robotics Closes $100 Million Series A to Accelerate Embodied Intelligence Ecosystem Build-Out | Linear Portfolio"
From Horizon Robotics' earliest backer to Digua's earliest backer.
Zean completes $40 million Series A+ round to accelerate development of myeloid cell engager pipeline | BlueRun Ventures Family
Focusing on unmet clinical needs in major disease areas such as cancer and autoimmune diseases.
"If you bloom, butterflies will come" — How Hillhouse and ZhenFund Partners See New AI Startup Opportunities
If you bloom, butterflies will come.
Crossing March Offline Salon Recap: What AI Startup Opportunities Exist in the Post-DeepSeek Era?
We recently pulled off "something big."
Embodied intelligence startup Tashi Intelligent Navigation announced a $120 million angel funding round, continuing to push the boundaries of physical-world intelligence.
Exploring the unlimited potential of embodied intelligence.
Tashi Zhihang Raises $120 Million in Angel Round, Co-Led by Qiming Venture Partners
Tashi Zhihang is the only company in the industry that simultaneously possesses Embodied Artificial Intelligence large model capabilities, in-house robotics R&D capabilities, and mass production capacity for integrated hardware-software products.
BlueRun Ventures Leads $120 Million Angel Round in Tashi Zhihang, Embarking on a New Journey in Embodied Intelligence | BlueRun Portfolio
Not just a "robotics company," but an "industry scenario solutions company."
Linear Capital's seed-round lead portfolio company Deep Principle has closed a nine-figure RMB Pre-A strategic financing round, with existing investor Linear Capital increasing its stake.
Leading the AI4S Track, Igniting an Intelligent Revolution in the Microscopic World
Shanghai Offline Salon: The Post-DeepSeek Crossroads — New AI Investment Opportunities in 2025
Join us in Shanghai to discover new opportunities in the post-DeepSeek era!
The Only Funding Round Mixue Bingcheng Ever Took: The Fortune of Being Chosen
"Different Money"
Hongshan Enters the Fray: Is the Global M&A Wave Really Here?
Hongshan, beyond China.
Year-end good news: CDH Investments has raised 5 billion yuan for logistics investments.
Insurance capital is turning its attention to real estate investments.
Countless Lies About M&A in China, and One Truth
All we hear are footsteps on the stairs, but no one ever comes down.
To AI Founders: In 2025, Go to These VCs for Funding | A Year-in-Review of the Primary Market with "An Yong" and Jing Liu
China's USD Funds Won't Disappear
Live long enough to long China.
The Power of Waiting to Grow in the Snow | BlueRun Ventures Bi-Monthly Report
"Clear skies after a flurry of snow"
Hillhouse Capital Raises 3 Billion Yuan "Anti-Risk" Fund, a New Way to Win Back LPs
Seeking outsized yet steady returns.
A VC Leads the Way Out of the Quadrant | BlueRun Ventures Perspective
Catching the Next Big Thing in Tech's Sea Change
BlueRun Ventures and Hillhouse Lead Investment in Lingchu Intelligence, Marking the Dawn of the Embodied Intelligence Era Through Reinforcement Learning | BlueRun Ventures
Building an Industry-Leading General-Purpose Operating Agent
A Scientist's Attempt to Become a Better CEO | WAVES
Starting another company.
10 Facts About 1,000 Chinese Billionaires
The currents of the era, all contained within the sequence.
Who Is Horizon Robotics' Most Important Investor?
Got it?
Linear Capital seed-stage portfolio company Deep Principle, an AI-driven chemistry and materials science enterprise, has completed a seed+ round with an exclusive investment from Hillhouse.
AI Reshapes the R&D Process for Novel Chemical Materials
We invested in large language models, AI applications, and embodied intelligence, but BlueRun Ventures still feels it hasn't FOMO'd hard enough.
The more optimistic doers.
MaHui Spotlight | MaHui Member Starmax Closes Over RMB 500 Million Series A, Existing Shareholder Source Code Capital Increases Stake
Exclusive | Actually, DST Bought Xiaohongshu Secondary Shares
Mega funds still making deals.
The AI Products You Don't Know About Are Quietly Making a Killing Overseas | Podcast
Go for it~~
The AI Products You Don't Know About Are Quietly Making a Killing Overseas | A Conversation with Gao Ning: Co-founder of Linkloud, Host of OnBoard!
Minimax's Yan Junjie in Conversation with Huang Mingming: AGI, There's Only One Path — the Hardest One
A Conversation on Non-Consensus and Long-Term Optimal Solutions
Software Going Global 101: A 48-Hour SEO and KOL Marketing Workshop
If you want to become an expert in taking software global, I'd recommend following Linkloud — it's one of China's most active go-global communities.
China's LLM Funding War: The Quick Death of Romance
Do the investors regret it?
Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
Investors Trapped in Repurchase Agreements
A dead-end loop.
Two Masterstrokes in NIO's Fundraising History
There is no successful fundraising, only fundraising of the times.
Money, Contradictions, and ESG
*Who Cares Wins*
DPI > 1 — it's a magic spell.
Before taking responsibility for a new world, GPs must first answer to their LPs.
Southeast Asia Investment Finally Has a Success Story
A Resolute Choice
Is investor Zhang Yong someone to watch?
The revelry has ended.
Linear Capital early-stage portfolio company **Gritworld** announced the completion of its Series B2 funding round, led by **BYD**.
Exploring how 3D graphics engine technology is pushing the new frontiers of consumer-end graphics.
Linear Capital Portfolio Company DigiSight Ophthalmic Surgery Robot Completes Asia's First Clinical Application of Ophthalmic Robotics
Recently, portfolio company of Linear Capital **Hangzhou Disight Medical Biotechnology Co., Ltd.** successfully completed its first retinal sub-thrombolysis surgery for treating macular hemorrhage using its **"Disight MicroEdge"** ophthalmic surgical robot at Zhejiang Provincial People's Hospital. The procedure was safe and smooth, the patient recovered well, and has since been discharged in stable condition. This marks the first clinical application of an ophthalmic robot in Asia, representing a major technological advance for the entire field of ophthalmic microsurgery.
Code Moment | "Singularity Energy" Closes Over RMB 700 Million Series B Round, Source Code Capital Continues to Double Down
JD Energy will continue to contribute its share of strength to the healthy, high-quality development of the energy storage industry and to the realization of China's dual-carbon goals!
Exclusive | The General-Purpose LLM Startup Wave: The First Battle Is About to End
Contestants, take your positions.
Xingmai Innovation Raises Nearly 200 Million Yuan in Angel Round, Source Code Capital Participates
The proceeds from this round will be used primarily for product R&D, supply chain development, and brand building.
Hongshan Seed Deploys Another $480 Million, Early-Stage Investing Is About to Get Even More Crowded
What Should Seed Investing Look Like in a New Cycle?
Microsurgical robotics platform "Digisight Medical" raises tens of millions of RMB in Pre-A funding led by Linear Capital | Linear News
Dongli Network has learned that **Dishi Medical recently completed a Pre-A round of financing worth tens of millions of RMB, led by Linear Capital with Hillhouse as a co-investor.** The funds from this round will be used primarily to accelerate NMPA Class III medical device registration for its ophthalmic surgical robot, advance R&D on product lines including microsurgical robots, and expand the team.
Hesai Group surged 10% in its IPO — a promising start to 2023
Get moving!
Three Barometers for the Primary Market, for Your Reference
The bilateral order of the primary market is being restructured on both sides.
We Analyzed 1,000 LP Commitments and Found 30 Hidden Top Family Offices
They are also a microcosm of China's commercial evolution.
The Hidden Depths of the Primary Market
If a perfect deal is one where everyone wins, then in an S deal, that may never be possible.
CodeMark | Open-Source Low-Code Development Platform ILLA Cloud Closes Several-Million-Dollar Angel Round, Led by Source Code Capital
Dedicated to building industry-leading developer tools.
The unthinkable is precisely what can be thought. | 5Y News Monthly
The big news from last month.
5Y News | 5Y Capital Portfolio Company Zilliz Closes $60 Million Series B+ Round
Further empowering enterprise AI applications.
Harry Wang on Linear Capital: Lessons from Transitioning from Tech to Investing
A while back, Harry Wang, founder and CEO of Linear Capital, was invited to an online sharing event co-hosted by the Harvard Venture Capital Club and MIT Chinese Entrepreneurs Organization (MIT CEO). At the event, Harry shared his journey from engineer to investor,
On the first day of August, we spoke with 23 investors about "confidence."
And, what are the things that are hard but right, and what are the things that are hard but wrong.
Buyouts in China: A "Boy Who Cried Wolf" Fable
After so many cycles of euphoria and heartbreak, will Chinese buyouts finally deliver a different ending this time?
Wire | ExoMotus Unveils World's First Muscle Exosuit: Lightweight, Smart-Customized, and Clinically Validated for Precision Assistance
"Today, Fourier Intelligence is redefining the wearable rehabilitation robot."
MaHui Founder | Post-90s Entrepreneur Zhang Junbin: Building Transformative Products, Pursuing Zero-to-One Value
Robots, AI, and Simulation Technologies Accelerate Industrial Adoption | Rongbao · June
Technology drives industrial transformation.
July: Seeking Vast Possibilities | 5Y News Monthly
The big news from last month.
5Y News | Helixon Pharma Closes Nearly 500 Million Yuan Series A to Deepen AI-Powered Drug Discovery
Building a life-science platform powered by artificial intelligence.
Linear Capital News | Linear Capital-led Pre-A round portfolio company "Akenong" announces over 100 million RMB funding round, with Linear Capital continuing to increase its support
On June 23, 2022, Aicron, China's first smart crop cultivation decision-making service provider, announced the completion of two consecutive funding rounds — a Series A and a Series A+ — totaling over RMB 100 million. The Series A was led by Source Code Capital, while the Series A+ was jointly led by IDG Capital and Hillhouse. Linear Capital and Bits x Bites participated in both rounds as co-investors.
MaHui | ICAN Closes Two Rounds Totaling Over 100 Million Yuan, Source Code Capital Leads Series A
Focused on providing full-growth-cycle smart planting decision guidance services for agricultural producers.
Helixon Closes Nearly RMB 500 Million Series A Round, AI-Powered Large-Molecule Drug Discovery
We've developed a suite of groundbreaking algorithms for protein drug design and modeling.
A Conversation with Moody Ciran: Turning Some People's Obsession Into More People's Affection
The Contemporary Entrepreneur in the Cracks.
Style3D Completes Nearly $100 Million Pre-B+ Round to Build Digital Fashion Infrastructure
Building out new digital infrastructure and accelerating overseas expansion.
Three Funding Rounds in One Year: This "Crossover" Graphics Engine Is Hot in VC Circles
For Particle World, Wu Xiaomao has an ambition: to become a world-class company. By AI Planet (ID: ai_xingqiu) Author: Sun Yuan
MaHui Entrepreneurs | Two 29-Year-Old Genius Scientists and Their "Moon and Sixpence"
Code Moment | "AD+" Announces Completion of Several-Million-Dollar Series A Funding Round, With Existing Shareholder Source Code Capital Following On
Dedicated to driving the digital transformation of China's construction industry
The New Era of Going Global: Chinese Founders Conquering the World
Today, virtually no Chinese company doesn't aspire to go global — or, put another way, to become a truly global company.
Code Moment | "Starna Therapeutics" Announces 150 Million Yuan Series A Funding Round, Source Code Capital Participates
Focus on extrahepatic delivery to build a core platform with global competitiveness.
Spring Comes Quietly to Guomao
For China's investment industry at this moment, the eerily quiet Guomao feels like a metaphor.
Multiple cutting-edge technologies lead globally — 3D interaction, LiDAR, chips, and medical innovation continue apace | Rongbao · March
Keep learning and evolving through the long cycle of sustained innovation.
April: Imagination Is the Courage with Which We Face the World | 5Y News Monthly
The big news from last month.
5Y News | XVERSE Completes $120 Million Funding Round
Define your world.
XVERSE Raises $120 Million to Build Next-Generation One-Stop Platform for 3D Content Production and Consumption
Everyone is free to "define your world."
Fairino Raises Over $50 Million in Series B Led by Source Code Capital
Delivering high-performance collaborative robot products at extreme cost-performance ratios.
AI-powered molecular simulation company **DeepWise** announced the completion of a Series B funding round of tens of millions of dollars, co-led by **Source Code Capital**.
Building a next-generation microscale industrial design platform to unlock R&D and manufacturing productivity across the industry.
Securing Hundreds of Millions of Yuan in Pre-A Funding, How Westlake Omics Builds the AlphaFold of Proteomics | Gaorong "Future"
Deciphering the mathematical laws of the microscopic protein world to enable proteomics-based precision medicine.
Source Code Capital portfolio company Lingxing announced the completion of a 280 million yuan Series C funding round, with existing shareholder Source Code Capital continuing to increase its stake.
Served more than 100,000 cross-border e-commerce businesses.
December, Everything Within Reach | 5Y News Monthly
The big news from last month.
Oasis Capital Leads Exclusive Angel Round in Second Elephant Tech, Which Closes Series A of Tens of Millions of RMB | Oasis Vitality
Building Houses Like Lego
November: Foresight and Boundless Imagination | 5Y News Monthly
The big news from last month.
5Y News | Corporate Interactive Learning Platform UMU Closes Series C3 Funding Round of Several Hundred Million RMB
Redefining SaaS for the Internet Era.
5Y News | Xpeng Motors announces completion of over $500 million Series A funding round
This marks the largest single funding round to date in Asia's low-altitude manned aircraft sector.
Jellyfish Intelligence Raises 70 Million Yuan in Series A Led by Source Code Capital
Let everyone enjoy the beauty of design through AI intelligence.
As Fierce as August | 5Y News Monthly
The big news from last month.
Chaoshan-style food company "Xianwei Yeye" (仙味爷爷) announced the completion of a 60 million yuan Pre-A funding round led by Source Code Capital.
Unlock the true essence of every ingredient, delivering an extraordinary, pure umami experience to our users.
Xiaoice Closes Series A Funding Round, Li Di: AI Beings Will Be Everywhere in the Future | 5Y News
Unveiled super-natural speech synthesis technology — AI now comes infinitely closer to the sound of a real human voice.
5Y News | After Raising Hundreds of Millions in Three Consecutive Rounds, "Yahaha" to Build Real-Time Digital Entertainment UGC Platform
A no-code, multiplayer interactive entertainment creation platform for global users.
Qitan Tech Raises Over 400 Million Yuan in Series B, Leading the Nanopore Gene Sequencer Race
China's first fully self-developed nanopore gene sequencer is slated for mass production later this year.
The past has become the future, the future has become the past, and both have become the present | 5Y News Monthly
What major events happened last month?
Cross-border e-commerce SaaS provider **Lingxing ERP** announced the completion of a 200 million yuan Series B funding round, with Source Code Capital as the investor.
All-in-one cross-border e-commerce operations management system.
XinYaohui, a leading chip IP company, has raised over 500 million yuan in its Series A round, led by Gaorong Ventures.
Empowering China's integrated circuit industry upgrade through innovative IP technologies.
Xinhuazhang announced the completion of a Pre-B funding round exceeding 400 million yuan, and will soon release the first-phase research results of EDA 2.0
Boost the overall efficiency of the integrated circuit industry chain to fully underpin future digital development.
Enterprise interactive learning platform UMU announced the completion of a Series C2 financing round worth over 100 million yuan, with 5Y Capital as the investor | 5Y News
Help companies transform performance and productivity through learning.
Biren Technology, a general-purpose intelligent chip design company, announced the completion of its Series B funding round — Source Code Capital participated in the investment.
Founded just over a year ago, it has raised more than 4.7 billion yuan in total funding.
To Better Kick Off March | 5Y News Monthly
The major events of February.
Source Code Capital portfolio company "MOODY" announced the completion of 380 million yuan in Series B and B+ funding, with existing shareholder Source Code Capital continuing to increase its stake.
Within three months of its founding, the company launched on Tmall and broke RMB 200 million in transaction volume in its first year.
Chip IP Company XinYaohui Closes Angel and Pre-A Rounds Totaling Over 400 Million Yuan | 5Y News
Accelerate chip innovation.
XinYaohui Closes Two Rounds Raising Over 400 Million Yuan to Develop Advanced-Process Chip IP and Accelerate Chip Innovation
Developing advanced-process chip IP products and solutions through independent R&D, bringing new luster to China's semiconductor industry.
Oasis Capital angel-round portfolio company Miaoxiang Technology closes Pre-A round | Oasis Vitality
Digital-Driven Transformation of Prefabricated Interior Design
"Vika.cn Vika" Closes Two Rounds Totaling Over $10 Million in Funding, Chen Peilin: Giving 1 Billion People IT Capabilities | 5Y News
"High-code" new-generation digital business systems — giving IT capabilities to a billion people.
Xinhuazhang, an EDA company, announced the completion of its Series A+ funding round to accelerate R&D progress on EDA 2.0.
Building EDA 2.0 technology for a digital society, defining an intelligent future from the chip up.
5Y News｜Keep Closes $360 Million Series F Round, 5Y Capital Continues Backing
Exercise is just a Keep moment.
Gaorong Bulletin · December | Multiple Gaorong Ventures Portfolio Companies Secure New Funding in Chips, Robotics, AI Drug Discovery, New Brands, and Other Sectors
Stepping into 2021.
Chenfeng Information Raises $20 Million in Series B; Oasis Capital Increases Stake for Four Consecutive Rounds | Oasis Vitality
Total funding raised has exceeded 200 million yuan.
Source Code Capital portfolio company Dustess announced the completion of its Series B funding round, with existing shareholder Source Code Capital continuing to increase its stake.
An all-in-one private-domain traffic operations platform that helps enterprises close six major marketing loops and complete their digital transformation.
5Y News｜Horizon Robotics Plans to Raise Over $700 Million in Series C, Completes C1 Tranche
Horizon Robotics announced the completion of its Series C1 funding round, with continued backing from 5Y Capital.
5Y News｜Deepexi Completes $40 Million Series A4 Round
Deepexi raised $40 million in its Series A4 round. We talked about why organizational building matters.
5Y News | EDA Technology Breakthrough Xinhuazhang Announces Completion of Series A Funding, Fully Deploying R&D for EDA 2.0
We believe the window of opportunity for new startups has arrived in the EDA space, one of the core platforms in the semiconductor industry.
Source Code Capital portfolio company WANGBAOBAO announced the completion of a Series C financing round worth several hundred million yuan, with existing shareholder Source Code Capital continuing to increase its stake.
Leveraging brand momentum to continuously break into new circles, it has already covered over 10,000 offline retail terminals, with offline sales accounting for 40% of total volume in a single month.
5Y News｜Zilliz Raises $43 Million, Setting New Global Record for Series B in Open-Source Infrastructure Software
Zilliz announced the completion of a $43 million Series B funding round, with continued support from 5Y Capital.
Morningside-backed LifeTech Scientific raises over RMB 1.2 billion in new funding round | Light Moments
China's new drug R&D is undergoing a "Cambrian explosion." The industry's underlying infrastructure for pharmaceutical innovation is one of the core sectors we're tracking in healthcare.
Kaikeba Secures $550 Million Independent Financing, Leading New Vocational Education Track
Dedicated to cultivating digital talent for the new infrastructure era, leading the charge in modern vocational education.
General-Purpose Intelligent Chip Designer Biren Technology Completes Major Pre-B Round Financing
Dedicated to achieving breakthroughs in domestically produced high-end general-purpose AI computing chips.
Source Code Capital portfolio company Cloud Whale announced the completion of its Series C funding round, with existing investor Source Code Capital — which led its Series B — increasing its stake.
Developed the world's first robot that "washes its own mop cloths" — the Narwal J1.
Emerging colored-contact brand "MOODY" closes RMB 60 million angel and Series A funding round; Source Code Capital follows on in Series A
MOODY's Tmall sales have surpassed RMB 10 million, with individual products repeatedly ranking first in their category.
Source Code Capital portfolio company Kaishan announced the completion of a 100 million RMB Series B funding round, with existing investor Source Code Capital continuing to increase its stake.
Kaishan developed its proprietary "Jingxiang" (pure aroma) baijiu, becoming the first company to successfully establish a new aroma-type industry standard.
Code Brain "Standing Together Against COVID-19" Series Session 7: Sales Team Management During Extraordinary Times
**Speaker:** Jiawei Gan, Operating Partner at Hillhouse, former COO of Meituan
Li Yile of Source Code Capital: A Breakthrough in China's VC Model — The Era of Ecosystems and Value Creation Has Arrived
Technology reshapes business; capital empowers entrepreneurship.
From Enterprise Services to Industrial Upgrading: One of the Most Important Directions for the Next Five Years | Ronghui
Using enterprise services as a foundation to identify breakthroughs in industrial upgrading will give rise to a large number of outstanding companies.
Gan Jiawei: To B Sales Must Return to Fundamentals, Stop the "Mystery Power Dependency" | Ronghui
"A lot of methods aren't things others don't know — it's just that you're more persistent and more deliberate than they are."
New-Style Premium Baijiu Brand "Kaishan" Closes Two Funding Rounds in Three Months, Led by Source Code Capital in A+ Round
Crafting "High-End Social Currency" for the New Elite
Two Portfolio Companies Close Funding Rounds, Four Achieve Strategic Upgrades, and Two Rank First on Global Top Lists | Source Code Capital Community · February
"Ma Hui Notes" chronicles the small steps forward of our community members, shares in the joy of their growth, and looks toward an even brighter future.
Yi Cao Named to 2017 China Top Venture Capitalists TOP50
Jiemian and Toutiao jointly released the "Top Venture Capitalists in China" list for the first time.
