① Two departments: Encourage foreign investment to carry out equity investment in China;
② Hunan: Promote the technological transformation and upgrading of traditional data centers into smart computing centers;
③ Ant Group led the investment in Xinghaitu to complete a 300 million yuan Series A financing.
Important news about investment and financing in the hard technology field this week includes: two departments: encourage foreign investment to carry out equity investment in China; Hunan: promote the technological transformation and upgrading of traditional data centers into intelligent computing centers; Ant Group led Xinghai Tu to complete a 300 million yuan Series A financing.
》》Policy
Premier Li Qiang of the State Council: Vigorously promote technology consumption and release consumption potential such as artificial intelligence terminal products
On February 20, the State Council held the 12th special study with the theme of “Adhere to the combination of promoting consumption and benefiting people’s livelihood, vigorously boost consumption and expand domestic demand.” When presiding over the study, Premier Li Qiang of the State Council emphasized that it is necessary to thoroughly implement the decisions and arrangements of General Secretary Xi Jinping and the Party Central Committee on expanding domestic demand, shift the focus of economic policies more to benefiting people’s livelihood and promoting consumption, and use greater intensity and more precise measures to boost consumption and continue to enhance the fundamental role of consumption in economic development. Li Qiang pointed out that it is necessary to closely follow the needs of residents and tap my country’s huge consumption potential. It is necessary to vigorously promote service consumption and comprehensively improve the supply level in education, medical care, culture, sports, tourism, elderly care, domestic services and other fields. It is necessary to vigorously promote technology consumption and release consumption potential such as artificial intelligence terminal products. It is necessary to vigorously promote consumption in segmented markets, comply with the trend of diversification and differentiation, develop high-quality products and services, and stimulate new consumer demands.
Lan Fo ‘an: Increase central financial investment in science and technology at this level and fully support key core technology research
Minister of Finance Lan Fo ‘an published an article in the People’s Daily on the 21st,”Implementing a more proactive fiscal policy to promote sustained economic recovery and improvement.” It mentioned that we will make every effort to implement the financial work tasks in 2025. Promote the construction of a modern industrial system and promote the smooth continuous transformation of old and new development momentum. Efforts will be made to improve scientific and technological innovation capabilities, increase central financial investment in science and technology at the same level, and fully support key core technology research. Accelerate the promotion of industrial transformation and upgrading, support the implementation of high-quality development actions for key manufacturing industrial chains, increase support for new technological transformation in the manufacturing industry, thoroughly implement the reward and subsidy policy for specialized, specialized and new small and medium-sized enterprises, and organize and carry out the third batch of pilot cities for digital transformation of small and medium-sized enterprises. Strengthen relief support for enterprises, introduce government financing guarantee development management measures, and alleviate the financing difficulties and expensive problems of small and micro enterprises and other business entities. Improve the long-term mechanism for the supervision of enterprise-related charges, and resolutely prevent problems such as arbitrary charges, fines, and apportionments.
The State-owned Assets Supervision and Administration Commission of the State Council deploys a special action to deepen the “AI+” of central enterprises
On February 19, the State-owned Assets Supervision and Administration Commission of the State Council held a deepening and deployment meeting for the “AI+” special action of central enterprises to summarize the progress and effectiveness of the development of artificial intelligence by state-owned central enterprises and study and deploy the next key tasks. The meeting emphasized that state-owned and state-owned enterprises should seize the strategic window period for the development of the artificial intelligence industry, strengthen scientific and technological innovation, focus on key areas to accelerate the mastery of “root technologies”, firmly tackle major problems, actively participate in the construction of open ecosystems, and promote the creation of more “from 0 to 1” original innovation, accelerate the transformation of results and industrial development. It is necessary to strengthen in-depth empowerment, target high-value scenarios with strong strategic significance, high economic returns, and tight people’s livelihood correlation, strengthen industry coordination, expand open cooperation, and increase layout breakthroughs. It is necessary to consolidate the computing power base and provide strong support for technological breakthroughs and application implementation. It is necessary to break through data problems, build key industry data sets in batches, build common basic data sets, and strengthen and optimize the data industry.
The meeting requested that efforts should be made to strengthen the support of central enterprises in promoting the development of artificial intelligence, focus on the development of artificial intelligence in the preparation of the enterprise’s 15th Five-Year Plan, create more technological leaders, and incubate and cultivate a number of start-ups. It is necessary to increase capital investment, adhere to the combination of industry and investment, promote production through investment, and continue to expand long-term capital, strategic capital, and patient capital for the development of artificial intelligence. It is necessary to optimize talent introduction and education, establish a talent evaluation system that is more in line with the characteristics and laws of the industry, create a more tolerant, free and patient development environment, and allow talents to focus on scientific research.
Two departments: Encourage foreign investment to carry out equity investment in China and guide more high-quality foreign investment in China’s listed companies for a long time
The State Council forwarded the “2025 Action Plan to Stabilize Foreign Investment” by the Ministry of Commerce and the National Development and Reform Commission to encourage foreign investment to carry out equity investment in China. We will implement the “Measures for the Management of Strategic Investment by Foreign Investors in Listed Companies”, formulate and issue operational guidelines for the implementation of strategic investment, increase publicity and promotion of listed companies, overseas funds and investment institutions, etc., and guide more high-quality foreign investment to invest in China for a long time. Listed company.
Hunan: Promote the technological transformation and upgrading of traditional data centers to smart computing centers with a maximum subsidy of 20 million yuan
The General Office of the People’s Government of Hunan Province issued “Several Policies and Measures for Hunan Province to Promote the High-Quality Development of the Green Intelligent Computing Industry.” It mentioned that we should consolidate the foundation of computing power, actively strive for major smart computing infrastructure projects to settle in Hunan, and adopt a “one-on-one discussion” approach to support new major smart computing infrastructure construction projects with a scale of more than 1000PFlops. Encourage key areas and industrial parks to build smart computing centers that provide computing power services to enterprises, and promote the accelerated technological transformation and upgrading of traditional data centers into smart computing centers. For new construction (transformation) projects, the construction capacity should be above 50PFlops, and the power utilization efficiency of the data center is not higher than 1.3. For smart computing infrastructure projects, subsidies will be given at 10% of the construction costs of equipment and software, with a maximum of no more than 20 million yuan. Support enterprises in building intelligent computing centers and edge computing facilities, and provide subsidies at 10% of the construction costs of equipment and software for computing facilities projects deployed by enterprises, with a maximum of 10 million yuan.
》》Primary market
Figure AI is negotiating a Series C financing valuation that may reach US$40 billion
Humanoid robot company Figure AI is negotiating a Series C funding round, seeking to raise US$1 billion to US$2 billion from investors such as special purpose companies (SPVs) at a US$40 billion valuation. That valuation is more than 15 times its $2.6 billion valuation a year ago. According to people familiar with the matter, Figure AI has received the terms of the valuation.
Neolithic completes a 1 billion yuan C+ round of financing to accelerate the implementation of unmanned logistics
L4-class driverless commercial vehicle manufacturer Neolithic unmanned vehicle announced on February 20 that it has recently completed a 1 billion yuan C+ round of financing. This round is jointly supported by a number of logistics giants and financial investors such as CICC Capital. Gao Hu Capital serves as a long-term financial consultant. This financing will help Neolithic further iterate its driverless end-to-end model capabilities, improve its delivery and deployment capabilities in more logistics scenarios, and accelerate the implementation of unmanned logistics.
Ant Group leads the investment in Xinghaitu to complete a new round of 300 million yuan Series A financing
Xinghaitu, a specific intelligent startup, recently completed its Series A financing, with a total financing amount of nearly 300 million yuan. This round of financing was exclusively led by Ant Group, and a number of old shareholders such as Hillhouse Ventures, IDG Capital, Beijing Robot Industry Fund, Baidu Ventures, and Tongge Ventures continued to increase their investment. This round of funds will be mainly used to accelerate the research and development and verification of specific basic models, and further drive the iterative upgrade of Xinghai Map’s trinity of ontology, intelligence, and commercialization. In the past year, Xinghaitu has completed four rounds of financing, with a cumulative financing amount of nearly US$100 million.
Core Rate Intelligence completes tens of millions of Series B financing
Recently, Core Rate Intelligent announced that it has completed tens of millions of Series B financing. This round of financing was led by Yuanhe Puhua, followed by Longding Investment, Changsha State-controlled Capital and old shareholder Changlei Capital. Dumu Capital serves as the exclusive financing consultant. Core Rate Intelligence focuses on AI products serving the process control of the wafer factory production process, and builds its own industry model ChipSeek. This model effectively cleans and analyzes the data of each machine and process node, and finally obtains accurate yield analysis and diagnosis results, supporting the production line to improve the process and improve yield.
Yuanluo Technology completes hundreds of millions of yuan in Series A financing
Beijing Yuanluo Technology Co., Ltd.(Yuanluo Technology) completed several hundred million yuan in Series A financing on February 12, 2025. This round of financing was jointly invested by Alibaba, Hardcore Nuts Capital, Fengrui Capital, Yuanhe Yuanyuan and Gobi GBA. Founded in 2023, Yuanluo Technology is a startup focusing on the research and development and application of robot specific intelligence technology. The company is deeply involved in the core technology fields of artificial intelligence, robots and large models. This round of financing funds will be used for technology research and development, market expansion and team upgrades. Previously, Yuanluo Technology had completed the angel round of financing.
Independent variable robot completes Pre-A++ round of financing
X Square Robot, a specific intelligence company, recently announced that it has completed hundreds of millions of yuan in Pre-A++ round of financing. This round of financing is led by Lightspeed Photosynthetic and Junlian Capital, followed by Beijing Robot Industry Fund and Shenqi Capital. The financing will be used for the training and scenario implementation of the next generation of unified and embodied intelligent general model. The Independent Factor Robot was established in December 2023 and is committed to realizing a universal robot through the development of a specific intelligent universal model.
》》Secondary market
Suochen Technology: The wholly-owned subsidiary plans to acquire 51% equity of Power Control Technology, which is expected to constitute a major asset reorganization
Suochen Technology announced that Shanghai Suochen Digital Technology Co., Ltd., a wholly-owned subsidiary of the company, plans to transfer equity and/or increase capital by paying cash, acquire 51% equity of Beijing Liquong Yuantong Technology Co., Ltd., and use it as a holding subsidiary. The company is included in the scope of consolidated statements. Force Control Technology is an industrial software product developer and solution provider, focusing on production control product development and industry solutions in fields such as intelligent manufacturing. This transaction is expected to constitute a major asset reorganization, will not involve the company’s issuance of shares, and will not result in changes in the company’s control.
Shenkeda plans to acquire a 40% stake in its holding subsidiary Shenkeda Semiconductor
Shenkeda announced that in order to further focus on the semiconductor equipment business, the company plans to acquire the 40.00% equity held by the minority shareholders of its controlling subsidiary Shenzhen Shenkeda Semiconductor Technology Co., Ltd.(referred to as “Shenkeda Semiconductor”) for 96 million yuan, and signed the “Equity Transfer Agreement” with the counterparty. After the completion of this acquisition, the company will hold 100.00% equity of Shenkeda Semiconductor.
Chang Guanghuaxin: Dong Jiangao plans to reduce his shares in the company due to personal capital needs
Chang Guanghuaxin announced that due to personal capital needs such as repayment of loans, Chairman Min Dayong, Vice Chairman Wang Jun, Deputy General Manager Wu Zhenlin, and Supervisor Zhang Yuguo plan to reduce the company’s shares through centralized bidding and block transactions within 3 months after 15 trading days from the date of disclosure of the announcement. Among them, Min Dayong plans to reduce his holdings of no more than 238,290 shares, accounting for 0.1352% of the company’s total share capital; Wang Jun plans to reduce his holdings of no more than 255,320 shares, accounting for 0.1448% of the company’s total share capital; Wu Zhenlin plans to reduce his holdings of no more than 260,000 shares, accounting for 0.1475% of the company’s total share capital; Zhang Yuguo plans to reduce his holdings of no more than 49,866 shares, accounting for 0.0283% of the company’s total share capital. The number of shares to be reduced by each shareholder this time will not exceed 25% of the number of shares in the company held by his individual before this reduction.
Puyuan Information: Some directors and senior executives plan to reduce their shares in the company by no more than 2.44% in total
Puyuan Information announced that Liu Yadong, controlling shareholder, chairman and general manager of the company, Yang Yubao, director, deputy general manager and chief financial officer, and Wang Keqiang, director and deputy general manager, plan to reduce their holdings through centralized bidding or block transactions due to their personal capital needs. Company shares. Liu Yadong plans to reduce his shares by no more than 1.54%, Yang Yubao plans to reduce his shares by no more than 0.70%, and Wang Keqiang plans to reduce his shares by no more than 0.20%. The reduction period is from March 17 to June 16, 2025.
Xidiwei: Shareholders plan to reduce their shares in the company by no more than 2%
Xidiwei announced that shareholder Chongqing Weichun Enterprise Management Consulting Co., Ltd. holds 9.23% of the company’s shares and plans to reduce the number of shares it holds in the company by means of centralized bidding and block transactions, accounting for the total proportion of the company’s total share capital shall not exceed 2%.
Meixinsheng: Shareholders plan to reduce their shares in the company by no more than 2%
Meixinsheng announced that shareholder WI HARPER FUND VII HONG KONG LIMITED holds 7.59% of the company’s shares and plans to reduce the company’s shares by no more than 2.2307 million shares through block transactions, that is, no more than 2% of the company’s total share capital.