Siasun Investment completed its first round of LP investment in Yunqi Capital and Taiyou Fund, establishing a strategic partnership.

On July 8, 2020, Xin Song Robot Investment Co., Ltd. ("Xin Song Investment"), Shanghai Yunpan Investment Management Co., Ltd. ("Yunqi Capital"), and Beijing Taiyou Series Venture Capital Management Co., Ltd. ("Taiyou Fund") held an investment signing ceremony at Xin Song Investment headquarters; Shi Chenxing, General Manager of Industrial Investment at Xin Song Investment, Chen Yu, Managing Director of Yunqi Capital, and Wang Yuanyang, Partner of Taiyou Fund, signed on behalf of their respective parties.

This signing will result in strategic cooperation and hundreds of millions of yuan in LP investment. The parties will work together to focus on investing in hard technology areas such as the robot industry chain, intelligent manufacturing, electronic information, and new technologies. This will support Xin Song Investment's industrialization ecological layout while jointly promoting the comprehensive development of China's robot industry and Industry 4.0.

▲   Shi Chenxing, General Manager of Industrial Investment at Xin Song Investment, and Chen Yu, Managing Director of Yunqi Capital, signing the agreement.

▲   Shi Chenxing, General Manager of Industrial Investment at Xin Song Investment, and Wang Yuanyang, Partner of Taiyou Fund, signing the agreement.

Xin Song Investment Is a robot industry investment company under Shenyang Siasun Robot & Automation Co., Ltd. ("Siasun Company"), committed to promoting the industrial development of robots. Siasun Company (300024), affiliated with the Chinese Academy of Sciences, is a high-tech listed company focusing on robots and intelligent products and services. It is a leading company in China's robot industry and one of the international high-end manufacturing groups with a relatively complete robot product line. The company's headquarters is located in Shenyang, with an international headquarters in Shanghai and an investment headquarters in Beijing. As a subsidiary of Siasun Company, Xin Song Investment mainly undertakes the responsibilities of the investment headquarters, responsible for implementing mergers and acquisitions and the investment construction of regional headquarters, industrial centers, and intelligent industrial innovation service platforms.

Yunqi Capital Is one of the representative institutions of China's VC 2.0, founded in 2014 by Mr. Mao Chengyu and Mr. Huang Yubin, focusing on early-stage and mid-stage investment in new technologies and technology-enabled industrial upgrading. In its five years of operation, Yunqi Capital has invested in nearly 100 start-ups in the fields of new technologies and industrial upgrading, achieving multiple IPOs, backdoor listings, or mergers and acquisitions, including Yingke Medical (A-share IPO) and 360 Finance (US stock IPO). In addition, Yunqi's early investments in new technologies and the industrial internet have grown into leaders in their respective industries, such as PingCAP (China's leading open-source software company), Keenon Robotics (China's largest service robot manufacturer), Kuka (China's leading home decoration design SaaS company), and Baibub (China's largest textile fabric intelligent supply chain platform).

▲   Shi Chenxing, General Manager of Industrial Investment at Xin Song Investment, and Chen Yu, Managing Director of Yunqi Capital, taking a photo together.

Taiyou Fund Was jointly initiated by a management team mainly from Tsinghua University and a group of outstanding entrepreneurs. It is a private equity investment fund focusing on high-tech venture capital. As the chairman unit of the Investment and Financing Professional Committee of the China University Innovation and Entrepreneurship Education Alliance, Taiyou Fund has a series of Taiyou funds in China and parallel funds overseas. Based on Tsinghua University and Tsinghua alumni, it seeks high-tech entrepreneurial projects with investment potential, grows together with entrepreneurs, and strives to create a group of leading high-tech enterprises. Taiyou Fund has currently invested in nearly 300 high-tech innovative enterprises (over 80% of which are entrepreneurial enterprises of Tsinghua alumni), and a number of high-growth enterprises have emerged.

▲   Shi Chenxing, General Manager of Industrial Investment at Xin Song Investment, Wang Yuanyang, Partner of Taiyou Fund, and personnel from both sides taking a group photo.

With the advent of the era of artificial intelligence, under the wave of "robot replacement," China has been the world's largest consumer of robots for two consecutive years. The recent epidemic has further accelerated the service robot market in contactless scenarios such as logistics delivery and patrol inspections. We expect Xin Song Investment, together with Yunqi Capital and Taiyou Fund, to cultivate more unicorn companies in the field of robot intelligent manufacturing.

In the future, Xin Song Investment will leverage its industrial value and advantages to establish in-depth cooperation with high-quality GPs. It will not only invest in guiding the industry but also provide GPs and invested companies with comprehensive value-added services such as technical support, industry research, supply chain management, and market support, helping to promote the rapid development of the robot industry and the rapid growth of enterprises. At the same time, we hope that more high-quality industrial capital and social capital will join in to contribute to the transformation of China into a strong manufacturing and technological power.