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National AI Industry Investment Fund

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Headlines · 6

  1. Kling AI closes approximately RMB 19.8 billion financing

    Kuaishou announced that the independent financing of its Kling AI video-generation business had closed, with investors paying approximately RMB 19.80184 billion, equivalent to about US$2.90533 billion. The final amount was below the original RMB 20.447 billion cap because Dalking Five and BFI MIDCO failed to complete their remaining payments and exited the investment. Investors included Alibaba Cloud, Tencent, Baidu, state-backed funds, and other institutional participants.

    IT之家 AI · 🔥 10
  2. NewStone reportedly raises nearly $400 million in Series E

    An analysis by Industry Observer, published with authorization by TMTPost, says unmanned-delivery vehicle maker NewStone completed a nearly US$400 million Series E round co-led by Boyu Investment and a national AI industry investment fund, with Alibaba and other existing and new shareholders participating. The report also says NewStone’s cumulative financing has exceeded RMB 10 billion, while the unmanned-delivery sector has not yet achieved profitability at scale.

    钛媒体 · 🔥 0
  3. Kling AI affiliate adds shareholders and increases registered capital

    Kling AI affiliate Beijing Kling Intelligent Technology Co., Ltd. added Shanghai Qishan Investment, a Tencent subsidiary, Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd., Beijing Baidu Netcom Science and Technology Co., Ltd., and National AI Industry Investment Fund Partnership (Limited Partnership) as shareholders, according to 36氪 citing the Tianyancha app. Its registered capital increased from approximately RMB 71.924 million to RMB 87.447 million, a rise of about 22%.

    36氪快讯 · 🔥 0
  4. Huixi Intelligence completes Pre-B+ and B rounds; 2026 equity financing exceeds RMB 2.5B

    Huixi Intelligence, a Beijing-based developer of high-compute chips for embodied AI, said it completed Pre-B+ and B rounds, bringing cumulative 2026 equity financing to more than RMB 2.5 billion, according to 36Kr and DoNews. The Beijing AI Industry Investment Fund led; the Beijing Robotics Industry Development Investment Fund, National AI Industry Investment Fund and other government and market investors participated. Existing backers including Shunwei Capital, Yuansheng Capital and SenseTime Guoxiang Capital increased their positions. Huixi said proceeds will mainly fund a next-generation high-compute chip for embodied AI and accelerate scaled delivery and ecosystem building. It describes its stack as an RPU compute core, the RISE platform built on its in-house Guangzhi R1 chip, and the RhinoVLA pretrained model and development pipeline; it says its mass-production solutions cover embodied AI, L4 unmanned logistics vehicles and passenger-car driver assistance. Earlier rounds: an angel round led by Xiaomi in December 2022, an A round in September 2024 and a Pre-B round of over RMB 800 million in February 2026.

    36氪快讯 · 🔥 0
  5. Neolix closes nearly $400M Series E, doubling its initial target

    Chinese autonomous delivery company Neolix announced a Series E round of nearly $400 million, co-led by Boyu Capital and what the company described only as a national-level fund, with participation from Alibaba AEF NextGen Hong Kong, Monolith Capital, GGV Capital, Vertex Growth under Temasek and others, and existing shareholders including Yunqi Partners and SoftBank Asia following on. Founder Yu Enyuan told Science and Technology Innovation Board Daily that the round was originally planned at $200 million and ended up oversubscribed at double that size. Reports citing investor-circle sources identified the national fund as the National AI Industry Investment Fund, a first for the unmanned delivery sector, though Neolix's own announcement did not name it. Neolix said the proceeds will go toward building regional operations hubs for its global service network and toward end-to-end large-model data training loops intended to raise safety levels and cut lifetime vehicle costs.

    虎嗅 AI · 🔥 0
  6. MIIT releases AI-for-industrialization scenario catalog covering 1,000+ cases

    China's Ministry of Industry and Information Technology formally released a catalog of "high-value scenarios for AI-enabled new industrialization" on October 15, covering more than 1,000 scenarios across 20 sub-sectors including petrochemicals, steel, automobiles and consumer electronics, and described as a reference "industry navigation map." The catalog was produced jointly by multiple research institutions and enterprises, and MIIT said it will treat manufacturing as the main battlefield and application-driven deployment as the main line. A follow-up report said MIIT has organized nearly 30 "deep dive" events connecting more than 5,000 enterprises, supported 18 national AI innovation and application pilot zones including Beijing and Jinan-Qingdao, pushed industry to draft nearly 200 key AI technology standards, and set up a 60 billion yuan national AI industry investment fund.

    36氪快讯 · 🔥 0

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