In last week's venture capital market, Microsoft, BlackRock, and others announced the joint establishment of a $30 billion fund to invest in the AI infrastructure sector; Hu Xiao, the former head of Alibaba Zhantou, resigned and joined Chenyi Fund; In addition, Prudential's subsidiary Yinshan Capital has raised 1.1 billion yuan, and SAIC's Shangqi Capital has announced the completion of the first round of its new science and technology innovation fund.
The $30 billion AI infrastructure fund is coming
Recently, Microsoft, BlackRock, and others announced an AI investor partnership to jointly establish the GAIIP Fund (Global AI Infrastructure Investment Partnership). GAIIP will invest in new or expanded data centers and support energy infrastructure to meet the growing demand for computing power. The fund will initially seek $30 billion in private equity investment funds, with the long-term goal of expanding the entire fund to $100 billion through debt financing.
Specifically, the current partner is Global Infrastructure Partners (GIP). In January of this year, BlackRock announced the acquisition of infrastructure investment company GIP for a total of approximately $12.5 billion. However, the acquisition has not yet been completed, and both parties have joined forces to make investments. In addition, there is technology investment firm MGX, established in March 2024 and led by the Abu Dhabi Committee for Artificial Intelligence and Advanced Technologies. It collaborates with Mubadala and G42 to focus on investments in artificial intelligence infrastructure, semiconductors, and other fields. It is worth noting that Nvidia will serve as an investment advisor, providing GAIIP with its expertise in AI data centers and AI factories.
Hu Xiao, former head of Alibaba War Investment, joined the Chen Yi Fund
Recently, according to media reports, Hu Xiao, former head of Alibaba Group's strategic investment, has left Alibaba and joined the Chen Yi Fund founded by Liu Xiaodan. In March of this year, Zhang Yong, former chairman and CEO of Alibaba Group, also announced his joining of Chenyi Fund as a managing partner.
Hu Xiao joined Alibaba in 2017 and has held positions such as Director of Investment Strategy and Managing Director. Previously, Hu Xiao promoted Alibaba Group's Strategic Investment Department to invest in the dark side of the big model "Unicorn" Moon.
Chen Yi Fund, which Hu Xiao joined, was established in 2019 by Liu Xiaodan, former president and chairman of Huatai United Securities, also known as the "Queen of Mergers and Acquisitions" in the market. It is reported that Chenyi Fund has completed multiple investment and acquisition cases, including Hualan Vaccines, Ruichen Pet Hospital, etc.
Yinshan Capital raised 1.1 billion yuan
Recently, Yinshan Capital announced that the first phase of Yinshan RMB VC Fund has completed fundraising, raising 1.1 billion RMB. The first phase of Yinshan RMB VC Fund is an early strategic fund launched by Yinshan Capital, focusing on the fields of large logistics, supply chain, and logistics supply chain technology. It focuses on investing in early-stage technology projects such as new energy, intelligent equipment, vertical industry enterprise services, digital technology, artificial intelligence, and the Internet of Things applied in logistics supply chain scenarios.
Yinshan Capital is a private equity investment firm under Prolos, established in 2018. It mainly focuses on modern logistics services, digital supply chain, new energy, and logistics supply chain technology in China and Asia. Its RMB and USD funds have asset management scales exceeding RMB 28 billion. It is reported that the first phase of Yinshan RMB VC Fund focuses on data-driven logistics efficiency improvement and has invested in more than ten projects, including Zhenhua Terminex, Zhiyu Weike, etc.
Shangqi Capital's new phase of science and technology innovation fund has completed its first round
Recently, Shangqi Capital announced the completion of the first round of its new Science and Technology Innovation Fund, with an expected size of 800 million yuan and a fundraising scale of 598 million yuan. The fund mainly focuses on mid to early stage investment projects with growth potential and value in the AI+automotive industry chain related fields located within China. It focuses on the fundamental hard technology transformation centered on artificial intelligence and new generation automotive technology, and the digital, networked, intelligent, and new energy upgrading of various aspects of the national economy driven by the transformation, in order to adapt to the core technological changes of the new round of technological revolution and industrial trends; In the field of information and communication, attention is paid to the iteration and terminal application of the new generation of cabin driving fusion technology with 5G+artificial intelligence as the core; The AI field focuses on technological breakthroughs and practical applications in fields such as vision, voice interaction, cognition, and big data, as well as their upstream industrial chains.
Shangqi Capital is a private equity investment institution under SAIC Financial Holding, a financial platform of SAIC Group. It focuses on investing in the automotive industry ecosystem, mainly focusing on the layout of new energy, new intelligent driving, new intelligent manufacturing, and new material ecology related fields, with a cumulative asset management scale of 42.8 billion yuan.