There are frequent stories of “create the best, then invest” in the primary market. Recently, Mu Xi Digital Intelligence, a wholly-owned subsidiary of GPU company Mu Xi Co., Ltd., invested 36 million yuan to establish a Huai'an Muteng Chenxi Venture Capital Fund partnership. The fund has a total pledge scale of 200 million yuan, with Shanghai Wanang Investment Management Co., Ltd. as the GP. According to the reporter's analysis, since this year, many top technology companies, such as Changxin Technology, Zhaoyi Innovation, and Changdian Technology, have successively invested in the primary market, becoming a new wave of up-and-coming LPs in the market. Many years ago, these companies were also high-quality racetracks contested by major VC/PE companies. They relied on external capital all the way to complete technology iteration and scale expansion, and now they are empowering the primary market in reverse after they have gained momentum. The rise of new industrial LP groups also means that a new capital cycle is being formed.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.