Participated · Equity · Aug 2026

Vast develops Tripo Studio, a platform that generates 3D models from text and image prompts and powers interactive 3D avatars. The company has a partnership with NetEase to offer instant avatar creation in the role-playing game Yanyun Shiliusheng, allowing players to upload photos for avatar generation. Founded in 2023 by Song Yachen, Vast recently raised nearly $200 million and reached a reported $1 billion valuation. Investors in the company include Alibaba, Baidu and Yongce Capital. Vast is also reported to be exploring a Hong Kong IPO and is working with Bank of America and China International Capital Corporation on its stock issuance plans. The company has not announced detailed financial metrics or specific use of funds publicly in the reports.

Participated · Series A · Jul 2026

Zhenye New Materials focuses on producing high-strength, high-toughness ADI (austempered ductile iron) grades and in 2024 achieved a technological breakthrough enabling series production of materials such as QTD 1200-10, QTD 1400-7 and QTD 1700-4. The company states that its ADI materials offer lower weight (about 10% lighter than alloy steel), reduced operational noise and lower part costs compared with traditional alloyed steel, and meet or exceed national standards for high-strength, high-toughness applications. Zhenye is working with several automakers on joint R&D for core components including gears, drivetrains and chassis parts. The firm plans to accelerate technological development and expand production capacity to increase market penetration in automotive, commercial vehicle and construction machinery applications. The article did not disclose revenue or other financial metrics.

Participated · Series D · Jun 2026

SpinQ develops and sells two main product lines: compact nuclear magnetic resonance (NMR) quantum computers for universities and research institutions, and superconducting quantum computers aimed at advanced research and future industrial applications. Its NMR systems are deployed in over 200 universities and research institutions worldwide and provide a steady revenue base, while its superconducting products include the first China-exported superconducting chip and a delivered superconducting whole-machine. The company says R&D personnel comprise over 70% of its staff and that it possesses full‑stack capabilities from quantum chip design through packaging, testing and whole‑machine integration. SpinQ reports it has achieved large-scale profitability and strong commercial momentum, with Q1 order volume up 80% year over year and an expectation to double annual orders. The superconducting business has become the main growth driver, growing from roughly 60% to 65% of business. The company plans to continue doubling its superconducting qubit counts annually and will use recent financing to upgrade chip processing, testing equipment and laboratory processes to support higher‑bit devices.

Participated · Equity · Apr 2026

Robotera builds full-stack humanoid robots combining AI "brain" systems, motion control, dexterous hands and humanoid hardware, and positions itself toward logistics and industrial deployments. The company reports beginning deliveries of several thousand units in Q2 2026 and claims deployments in over ten logistics centers across China with partners including SF Group and China Post. Robotera states it has achieved up to 85% of human efficiency in some logistics contexts operating 24/7 and cites a claimed 300% growth rate (no baseline published). Its investor and partner base spans logistics, automotive and consumer electronics players such as SF Group, Geely, Renault (cited as a partner), Alibaba, Samsung, Lenovo and Haier, which the company and articles present as potential channels for further deployments. Financially, the company has raised nearly ¥2.5 billion RMB (~$350M) in total capital following the recent financing, which the company says supports scaling production and broader commercial rollouts. The articles note competition from Western and Chinese robotics firms but highlight Robotera’s operational logistics focus and industrial partnerships as key differentiators.

Participated · Series B · Mar 2026

GigaAI (Jijia Vision) develops world models and embodied intelligence systems, publishing GigaWorld (GigaWorld-0, GigaWorld-Policy, GigaWorld-1) and GigaBrain series models and positioning them as core engines for physical AGI. The company has built Maker H01, a high-degree-of-freedom humanoid robot designed for dexterous operation and mobile interaction, and reports commercial implementation in automotive, 3C, warehousing, and home-service scenarios with a target delivery volume in the thousands this year. In autonomous driving the firm released DriveDreamer and related simulators that have served more than 30 leading automotive OEMs and autonomous driving companies. For content production it is developing the Yisu Engine, integrating ultra-long-duration video generation, a real-time 3D world model framework, and 3D human generation tools. GigaAI reports building an industry-leading data base, projecting over 1 million hours of high-quality visual-action data and more than 10 million hours of pre-training data this year. The company was founded in June 2023 and is led by post-90s Tsinghua-educated founder Huang Guan, whose team has achieved top benchmark results (e.g., WorldArena) against major international institutions.