Tencent shot, AI large model developer MiniMax completed a $250 million Series A financing

Global Investment and Financing Weekly

Everbeast Analysis organizes the most noteworthy domestic and foreign hot investment and financing events of the week every week to help everyone keep abreast of global market trends.

Overview of primary market investment and financing

According to the monitoring data of Ruibao Analysis, there were 100 financing events disclosed in the domestic primary market this week, an increase of 6 compared with last week, of which 67 events with disclosed financing amounts, with a total financing scale of 12.143 billion yuan and an average financing amount of 181 million yuan.

Industry distribution

From the perspective of the number of financing events, the financing in the fields of intelligent manufacturing, artificial intelligence, and medical and health is the most active this week. They are 24 intelligent manufacturing, 18 artificial intelligence, and 10 medical health.

From the perspective of the financing scale of the disclosed amount event, intelligent manufacturing is the highest, with a total financing scale of about 2.518 billion yuan. Among them, integrated circuit chip design and manufacturer "Silan Semiconductor" received 1.587 billion yuan in Series C+ financing.

Silan Semiconductor belongs to Hangzhou Silan Microelectronics Co., Ltd., is a high-tech enterprise specializing in integrated circuit chip design and semiconductor microelectronics related product production, focusing on the development of LED chip manufacturing, packaging, high-voltage integrated circuit chip manufacturing, power module packaging four businesses, is Hangzhou Silan Microelectronics Co., Ltd. to build the western LED semiconductor chip manufacturing base.

This is followed by the artificial intelligence industry, with a total disclosed financing of 2.413 billion yuan. Among them, "MiniMax", a developer in the field of multimodal AI large models, received $250 million in Series A financing.

MiniMax is an AI large model developer, starting from the bottom up, forming the basic model architecture of three modalities: text to visual, text to audio, and text to text. The MiniMax team is committed to using leading general artificial intelligence engine technology to promote the new paradigm change of general artificial intelligence technology through multi-scenario and multi-dimensional application and interaction, with the improvement of user feedback and the application practice of multi-modal AI technology integration.

Industry distribution map of investment and financing events in the domestic primary market this week

Regional distribution

Judging from the regional distribution of invested companies disclosed this week, they are mainly concentrated in Jiangsu, Shanghai and Guangdong. Among them, Jiangsu disclosed 21, Shanghai disclosed 18, and Guangdong disclosed 14.

Regional distribution map of domestic investment and financing events this week

Phase distribution

Judging from the stage distribution of the invested companies disclosed this week, there are 79 in the early stage, 19 in the growth stage, and 2 in the late stage.

Distribution map of domestic investment and financing events this week

This week's domestic large-scale financing events and unicorns

This week's large-scale financing event in the domestic primary market

A new unicorn in China this week

This week's overseas large-scale financing events and unicorns

This week's overseas primary market large-scale financing events

Domestic primary market active institutions this week

From the perspective of institutional investment activity, CDH Investment (3 investment events), Woyan Capital (3 investment events), and Shenzhen High-tech Investment (3 investment events) were more active in the venture capital market this week.

Domestic IPO companies this week

This week, a total of 7 domestic IPO companies were monitored. They are located in Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange. The latest market capitalization is up to 13.830 billion yuan for "Aerospace Huanyu".

Among the 7 listed companies, 7 have received VC/PE or CVC investment, among which "Aerospace Huanyu" has been invested by Jinshi Investment and Hunan High-tech Venture Capital; "Xinxiang Micro" has been invested by Delta Capital, Dunhong Asset and Core Kinetic Energy; "Xin Hongye" has been invested by Yonghua Investment and Tin Venture Capital.

Watch for next week's IPO and earnings release calendar

Domestic mergers and acquisitions this week

This week, 18 M&A events were disclosed in China, an increase of 13 compared with last week, distributed in traditional industries, materials, energy and power industries. Among them, Solat acquired 55% of the shares of glass manufacturer Hongxie Safety Glass for nearly 190 million yuan. The acquired party, Hongxie Glass, is a glass manufacturer focusing on the field of glass deep processing, mainly engaged in the production of automotive safety glass, architectural tempered glass and glass crafts.

This week, 18 mergers and acquisitions were disclosed in China

Hot news of the week

Xiaoice On June 1, Xiaoice announced that the first batch of Internet celebrity "clones" have been launched in advance, including the previously controversial "Hanzo Forest". Two weeks ago, Xiaoice announced the launch of a "human cloning program" in China and Japan. Xiaoice company said that at present, the total number of fans of Internet celebrities who signed up for clones in the background has exceeded 500 million, but for security reasons, the first batch of clones is still limited to 300. After testing and verification, it is expected to be gradually released to a larger scale by the end of the year.

Fabrice Megarbane, president and CEO of L'Oréal North Asia, said in an interview that the Chinese beauty market is recovering, and "Chinese consumers have become more rational after the epidemic, but they are still willing to pay for higher quality products." Fabri noted that L'Oréal is looking to expand in the Chinese market by launching new brands, acquiring and investing in the supply chain.

【Robin Li invests in Huawei's "Genius Boy" entrepreneurial project】On May 28, Shanghai Zhiyuan New Technology Co., Ltd., an affiliate of Zhiyuan Robot, added new shareholders including: Sanya Baichuan Zhixin Private Equity Investment Fund Partnership (Limited Partnership) under Robin Li. Zhiyuan Robot is an entrepreneurial project participated by Zhihuijun, committed to the deep integration of AI and robots. In 2020, Zhihuijun participated in Huawei's "Genius Youth" program, and left Huawei in December 2022, saying that he planned to start a new business. Li Yanhong invested in Zhiyuan New Venture, or in the field of artificial intelligence.

On the morning of May 29, in response to Great Wall Motor's report on BYD's atmospheric pressure fuel tank, BYD once again responded on the interactive platform of the Shenzhen Stock Exchange, saying that it had independently developed the fuel vapor emission control technology of atmospheric pressure fuel tank, which met the evaporation emission regulations. At the same time, BYD announced that it is willing to share the control strategy, principle and patent results of core technology with all automotive peers free of charge, and accept analysis and discussion by industry experts.

【Li Auto has built 25 ideal supercharging stations across the country】News on May 29, Li Auto said that up to now, the company has built 25 ideal supercharging stations across the country, connecting more than 534,000 third-party charging piles.

Blue Bird, Indonesia's largest taxi operator, will purchase 80 percent of its new EV purchases from BYD, which accounts for 80 percent of its new fleet. With low-cost models favored, Blue Bird is reevaluating Tesla's orders. Blue Bird President Sigit Priawan Djokosoetono said in an interview that most of the 500 electric vehicles that will be delivered to Blue Bird this year will be produced by BYD, especially the E6 and T3 models, because these vehicles are more suitable for the Indonesian market.

[FF91 priced at nearly 2.2 million yuan and will enter the delivery stage] On May 31, Faraday Future, which is listed on NASDAQ, held a press conference for FF91 & Faraday Future 2.0. Jia Yueting announced at the meeting that Faraday's first production car, the FF91, will enter the delivery phase. At the press conference, Jia Yueting announced the price of FF91 2.0 Futurist Alliance, and the new car is priced at 309,000 US dollars (about 2.195 million yuan). Jia Yueting said that FF has been established for 9 years, 9 years of perseverance, perseverance, 9 years of unyielding, and finally waiting for the delivery time. "But I'm also very sorry to say to all our users and supporters that we are indeed late. However, there is no shortcut to the road of disruption, FF has grown every day in recent years, and FF91 has grown every day. He revealed that on the second day of the FF91 conference (May 31, Western time), the first phase of expert co-creation delivery will officially begin, and there will also be the first batch of user co-creation theme activities on June 6. He said, "Entrepreneurs are always young, we are not afraid of all doubts and denigration, nor do we seek to seek praise and praise when we succeed, we only want to never give up, and we are not ashamed of it." ”

[Honor CEO Zhao Ming: will develop a self-developed chip strategy on demand] Will self-developed chips be the standard for Chinese mobile phone manufacturers? Honor CEO Zhao Ming said in an interview this week that Honor will formulate chip strategies as needed in terms of self-developed chips, neither blindly optimistic nor self-defeating. Whether it is an ISP chip or a communication RF chip, Honor will choose whether to develop a self-developed chip or choose a third-party chip according to the needs of the product definition to maintain the best competitiveness in the product.

[Apple "Buddha" to bring goods? The live broadcast debut was watched by 1.3 million people, there was no "321 on the link", or recorded] At 7 p.m. on May 31, Apple's Tmall official flagship store opened a live broadcast, which is also Apple's first official live broadcast worldwide. According to data disclosed by Taobao on June 1, nearly 1.3 million people watched the live broadcast, and the live broadcast room received 300,000 likes within one hour, and many products were snapped up. However, unlike other brands of live streaming goods, Apple's live streaming did not go "3, 2, 1, on the link!" ", but teach netizens how to shoot videos with iPhones, how to use AppleWatch to make sports records, and so on. It also made many netizens shout: "No marketing is the best marketing." ”

EU industry chief Thierry Breton will meet Sam Altman, CEO of U.S. artificial intelligence research firm OpenAI, in San Francisco next month next month to discuss how the company can implement the EU's world-leading rules on artificial intelligence, EU officials said on Tuesday. Bretton will also discuss with Altman an AI agreement aimed at having OpenAI join an organization of European and non-European companies to apply AI rules before they are implemented in 2026, the EU officials said.

Notes Description:

[1] The "early" mentioned in the financing stage in this article refers to seed round, angel round, and A round; "Growth period" refers to Series B and Series C; "Late-stage" refers to Series D, Series E and beyond, Pre-IPO.

[2] M&A events: Domestic M&A refers to the acquisition of domestic enterprises by domestic acquirers; Cross-border M&A includes domestic M&A to overseas M&A and M&A by foreign enterprises to domestic enterprises.

[3] Due to the level of technology and open data, the research reports presented by Smartbeast Analytics are for knowledge sharing only and do not constitute any investment advice. Past performance is not indicative of future performance, and investment may result in loss of principal. Any person making investment decisions based on this article shall do so at his own risk, and the party publishing the information shall not bear any laws, regulations and related responsibilities.