Capital Group is a private equity firm that provides investment management services for long-term investors. It also offers its services to financial intermediaries and institutions around the world through a broad range of products and solutions which include American Funds.  With offices throughout Asia, Australia, Europe, and North America, Capital Group is headquartered in San Francisco, California. It was established in 1931.

Capital Group

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds, pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries. IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

IDG Capital

Trustbridge is a growth-oriented private equity firm with offices in Boston, Shanghai, and Hong Kong. The firm invests globally in innovative, high quality growth opportunities in various stages across Technology, Healthcare and Media. Founded and managed by entrepreneurs and operators, Trustbridge provides patient, long-term capital and partners with management teams building products and services that improve lives globally. Utilizing a growing, global portfolio and deep operational expertise, the firm has a particular focus on helping its portfolio companies enter new international markets, including China.

Trustbridge Partners

Canada Pension Plan Investment Board's mandate is to invest in the best interests of Canada Pension Plan contributors and beneficiaries and to maximize investment returns without undue risk of loss. Canada Pension Plan Investment Board is a professional investment management organization that invests the assets of the Canada Pension Plan, not currently needed to pay pension, disability, and survivor benefits.

Canada Pension Plan Investment Board

Coatue is a privately owned hedge fund sponsor. The firm invests in the public equity markets globally focusing on investments in technology, media, and telecommunications in addition to other sectors. It employs a long or short strategy to make its investments.

Coatue

GIC is a global investment firm established in 1981 to manage Singapore's foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate, and infrastructure. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. In tech investing, GIC seeks to be a lifetime partner to the companies it invests in. GIC has investments in over 40 countries around the world. Headquartered in Singapore, GIC employs over 1,700 people across 10 offices in key financial cities worldwide.

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks.  Tencent has maintained steady growth under its user-oriented operating strategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with ''one-stop online lifestyle services.'' Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others. In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively. Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

Tencent

Booking Holdings (NASDAQ: PCLN), formerly known as Priceline Group, provides online travel and related services to consumers and local partners through its six primary brands which are Booking.com, Priceline.com, KAYAK, agoda.com, Rentalcars.com, and OpenTable. Collectively, Booking Holdings operates in over 220 countries and territories across Europe, North America, South America, the Asia-Pacific region, the Middle East, and Africa in over 40 languages. The mission of Booking Holdings is to help people experience the world. It was founded in 1997.

Booking Holdings

Glade Brook Capital Partners focuses on companies in the technology, media, telecom, and consumer sectors.  Glade Brook specializes in technology growth equity, the Firms' experience investing across private and public markets, and a network of company management teams, entrepreneurs, and industry leaders foster unique deal flow.  It was founded in 2011 by Paul Hudso.

Glade Brook Capital Partners

Sequoia Capital China is a VC firm focused on seed-stage, mid-stage, late-stage, and growth investments in the fintech sector. Sequoia Capital China has offices in Hong Kong, Beijing, Shanghai, Guangzhou, Hangzhou, Suzhou, and Shenzhen. Over the past nine years, Sequoia Capital China has an impressive and diverse portfolio comprising about 300 dynamic companies that deliver high returns on investment using differentiated technologies and innovative business models, including Alibaba, VIPshop.com, Sina.com, Didi, JD.com, Ourpalm, Qihoo 360, Jumei, Momo, SINNET, Dianping.com, Meituan, Meilishuo, Toutiao, AutoNavi, Ganji.com, DJI, VanceInfo, Noah Private Wealth Management, Wanda Cinemas, Alibaba Pictures, Plateno Hotels Group, Deppon Logistics, ZTO Express, Beta Pharma, Snibe Diagnostic, BGI, WEGO, and Yuwell Medical.

Sequoia Capital China

Meituan

Helping restaurants become more safe, more profitable, and more interesting.

Restaurant Industry Robotics

<div>
 
 Pudu Robotics is a China-based developer of food delivery and cleaning robots for restaurants. The company&rsquo;s hallmark product, &ldquo;Bellabot,&rdquo; is a food delivery robot that has Laser SLAM and Visual SLAM positioning, navigation solutions, and a cat-shaped interface with dozens of exclusive original expressions. The company&rsquo;s delivery robot lineup also includes PuduBot, PuduBot 2, KittyBot, HolaBot, and SwiftBot.&nbsp;
 
 
 In 
 <a href="https://sp-edge.com/updates/26305">
 January 2024
 </a>
 , Pudu Robotics unveiled &ldquo;KettyBot Pro,&rdquo; the latest generation of its delivery and reception robot with upgraded features such as enhanced object detection abilities, a visual sensor-based tray inspection functionality, a mobile advertising display powered by PUDU Merchant Management Platform, and the ability to personalize KettyBot Pro's expressions, voice, and content.&nbsp;
 
 
 Pudu Robotics also develops cleaning robots (PUDU CC1 and PUDU SH1), as well as disinfection robots (Puductor 2.). The company manufactures four core components of commercial robots: 1) motors, 2) single-lin LiDARs, 3) RGB depth-sensing cameras, and 4) computing platforms and motion controllers. 
 
 
 In 
 <a href="https://sp-edge.com/updates/21462">
 August 2023
 </a>
 , the company launched an open platform that enables deeper integration and remote management of the company&rsquo;s robotic solutions.
 
 
 Pudu Robotics has a global market coverage of 600+ cities in 60 countries spanning Europe and Asia, with its robots deployed across various restaurants, coffee shops, hospitals, schools, office buildings, shopping malls, hotels, and factories. 
 
 
 Key customers and partnerships
 
 
 The company has partnerships with leading restaurant chains such as the Japanese restaurant group Skylark (3,000 Bellabots; October 2021) and McDonald&rsquo;s (December 2021). In 
 <a href="https://sp-edge.com/updates?industryIds=31">
 October 2023
 </a>
 , Pudu Robotics announced a strategic partnership with Japan-based robot integrator SoftBank Robotics to offer an enhanced commercial service robot offering in Japan by leveraging SoftBank&rsquo;s expertise in the Japanese market and Pudu Robotics&rsquo; product and technological expertise in both delivery and cleaning robots. 
 
 
 Funding and financials
 
 
 In February 2023, Pudu Robotics raised more than USD 15 million in Series C3 funding from Puhua Capital. The funds were earmarked for building a new production base to expand production capacity and to develop products for commercial cleaning scenarios.
 
</div>

Foundation Models

<div>
 
 Zhiphu AI is a Chinese company developing LLMs. In 2022, the company launched GLM-130B, a pre-trained model with over 100 billion parameters. In 2023, Zhiphu AI introduced the beta version of ChatGLM, a large-scale bilingual model capable of question-answering, long-form dialogue, and code generation in both Chinese and English. In January 2024, Zhipu AI 
 <a href="https://sp-edge.com/updates/25665">
 released GLM-4
 </a>
 , which claims to provide improved multimodal abilities, longer context length, faster inference speed, and reduced inference costs.The model&rsquo;s GLM-4 All Tools, a feature that autonomously understands and plans complex instructions based on user intent allows it to interact with web browsers, interpret code, and work with multimodal text-generation large models to accomplish complex tasks.&nbsp;
 
 
 Key customers and partnerships
 
 
 Zhipu AI has collaborated with the China Computer Society (CCF) and the Social Media Processing Committee of the China Association for Information Processing to launch funds to support research and cross-disciplinary innovation related to large models.
 
 
 Funding and financials
 
 
 In July 2023, Zhipu AI raised RMB 1.72 million (USD ~240,000) led by Meituan. Additionally, the company raised over CNY 2.5 billion (USD~0.35 billion) in funding in October 2023, with the participation of Meituan, Alibaba, Tencent, Xiaomi, Kingsoft, Sequoia, Gaorong, and others.
 
 
 
</div>

Revolutionizing efficiency by redefining human interactions

Humanoid Robots

Unitree focus on the development of four-legged robot mobile platform and related power system components

Zelos is an AI-driven startup is the way in autonomous driving technology. Its primary focus is on developing software and hardware that is centered around AI. Zelos offers intra-city autonomous transportation technologies, infrastructure, and optimal business models.

MoonShot AI seeks solutions in transforming energy into intelligence and generating intelligence with users through its product offerings. The key members of the founding team have been actively involved in the research and development of numerous prominent models, including Google Gemini, and Google Bard.

Unitree focus on the development of four-legged robot mobile platform and related power system components

Galaxy Bot is an innovative robotics company that provides intelligent universal service robotic products.

Zhipu AI combines large-scale knowledge map built by itself to form a two-wheel-driven artificial intelligence framework through R&D.

Developer of a genome sequencing technology. The company takes advantage of nanopores to sequence single nucleic acid molecules.Using innovative nanopore gene sequencing technology, it provides single-molecule sequencing capability with long reading length, real-time output of sequencing results, low single-running cost, small and convenient instrument, and cost-effective gene sequencing solution without complicated library preparation. It can directly detect the apparent modification of nucleic acids and expand the application of gene sequencing technology in cutting-edge biological research and clinical medicine such as instant diagnosis, metagenomics, epigenetics, RNA and transcriptomics.

Sunwoda Electric Vehicle Batter provides electric vehicle battery pack solutions for new energy vehicle companies through advanced lithium battery integration technology. They built the BMS with independent intellectual property rights by dedicating their entire ability to the R&D and manufacturing of electric car battery systems, and they also built up automatic production lines for cell sorting, modules, and battery packs.

Mech-Mind is a global leading provider of industrial 3D sensors and AI-powered software for intelligent robots, with 10,000+ cameras depoyed in 50+ countries and regions. By combining 3D vision with AI technology, Mech-Mind empowers partners and system integrators to manage challenging automation tasks, such as (de)palletizing, bin picking and assembly.

Headquartered in Beijing, RobotPlusPlus is a technology company developing robots for working at height. We combine robotics, AI and RaaS to provide fast, safe, green, cost-efficient robotic solutions to shipbuilding, maritime, petrochemical, power generation and property management industries.

VisionNav® Robotics is a global supplier of autonomous industrial vehicles and intralogistics automation solutions. Based on AI Technology, Environmental Perception, Deep Learning, and Servo Control technology, VisionNav has developed 9 automated product series including auto forklifts and tractor trucks for various scenarios. Meanwhile, VisionNav has made significant breakthroughs such as achieving up to 9.4m material storage, up to 2m narrow aisles transmitting, automated truck loading, multi-layer cage stacking, etc. It has successfully completed projects launched on more than 50 companies covering different industries including automobile, tire, food, petrochemical, e-commerce logistics, third-party logistics, pharmaceutical industry, etc.

FAIR is a collaborative robot company that has research and development and manufacturing capabilities for robot core components and complete machine systems such as robot controllers, precision reducers, and servo systems.

Inceptio Technology provides a nationwide freight network using autonomous driving trucks. It focuses on the transformation of line-haul logistics by providing a more secure, efficient, and economical Transportation-As-A-Service to logistic customers.  The company's autonomous driving heavy-duty trucks utilize artificial intelligence technology, new energy technology, and logistics big data technology, providing logistics companies with efficient and safe logistic solutions. It was founded in 2018 and is based in Shanghai, China. It has R&D centers in both Shanghai and Silicon Valley.

Axera is a hight-tech semiconductor company focused on developing world class Artificial intelligence (AI) SoCs for computer applications.

Dazao Technology is a wireless receipt printer supplier, focusing on providing customers with mobile Internet O2O solutions and services. The main products include GPRS wireless receipt printer, WIFI wireless receipt printer, dot matrix printer, portable printer and cloud printing service. Provide remote printing solutions for orders, bills and express orders for major WeChat third-party platforms, service window platforms, personal systems, e-commerce websites, etc., effectively helping small and medium-sized enterprises to reduce costs and improve efficiency.

Haomo Zhixing is an artificial intelligence technology company dedicated to autonomous driving. Haomo Zhixing helps customers reshape and comprehensively upgrade the travel and logistics methods of the entire society.

Hesai Technology designs a laser radar that facilitates autonomous driving. It uses smart sensing technology to develop laser radar for autonomous cars and natural gas leak detection systems, enabling car companies to monitor mixed gas composition, control industrial processes, and detect hazardous gas leaks. Hesai Technology was founded in 2014 and is headquartered in Shanghai, China.

Gaussian Robot is a developer of commercial automatic sweeping robots. It is mainly engaged in automatic commercial products such as automatic navigation vans, automatic commercial sweepers and service robots. Shanghai Gaoxian Automation Technology Development Co., Ltd. products.

PuduTech takes catering industry as an entry point, and helps this traditional industry catch the first tide of Artificial Intelligence Era. They powers catering clients with robots to restructure their work flow, such as facilitating intelligent management, effective operation and standardized servicing. To liberate the attendants from laborious work, and let the robots do the job, is the mission of PuduTech.

OPay designs a mobile payment service and consumer platform for users to send and receive money, pay bills, and order food and groceries. It empowers and enables users to accomplish more with their money by providing smart financial services. It is a one-stop mobile-based platform for payment, transportation, food and grocery delivery, and other important services in everyday life. Millions of users rely on OPay every day to send and receive money, pay bills, and order food and groceries.

Flexiv Ltd. is a global leading general-purpose robotics company, focusing on developing and manufacturing adaptive robots which integrate industrial-grade force control, computer vision and AI technologies. The company provides innovative turnkey solutions and services based on Flexiv robotic systems to customers in a variety of industries. Founded in 2016, Flexiv has established offices in Silicon Valley, Shanghai, Beijing, Shenzhen, and Foshan.

Lixiang, formerly known as Chehejia (“Car and Home”), is a Beijing-based electric vehicle startup that plans to disrupt the transportation and auto industries through complete vertical integration. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles. It makes products including smart EVs and electric SUVs to provide customers with longer crosstown journeys. Lixiang also offers rental services and Uber-like on-demand ride-hailing. It was founded in 2015.

HUALALA provides a SaaS solution for chain catering informatization. HUALALA's products cover the entire catering industry and all business links, with the goal of developing a data-driven, refined, and visualized new catering operation and management model. HUALALA provides catering supply from research and development to raw material procurement, processing, and cold chain logistics distribution Chain service, as well as promotes catering chain development and provides an infrastructure platform for it.

Wangjiahuan is committed to understanding the needs of customers and customers, providing tailored and balanced catering services. They focus on: group meals in schools, hospitals, large enterprises and institutions. High quality catering services occupy a central place in their business. Their are committed to realizing their customers and customers. Whether it's providing balanced meals for school students or cooking energetic work meals for factory workers, customers always occupy the core of their business.

Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India.

Founded in 2004, Guangdong No.1 Food Co., Ltd. is a well-known domestic large-scale food enterprise integrating research and development, aquaculture production and chain management.The company has always maintained excellence in product quality, customer satisfaction, and brand awareness. Since its listing in 2007, the nicknamed pig has been stationed in more than 30 cities in Guangzhou, Shenzhen, Beijing and Shanghai, completing the layout of major cities in China and further promoting the national strategy of the brand.

Rou Lian Bang is a fresh food produce chain store.

Guangdong Lehe Food Co., Ltd. now has more than a dozen distribution centers, relying on the management headquarters in Guangzhou to provide standardized and professional management to the companies that are constantly replicating and expanding throughout the country through reasonable shareholding structure and standardized corporate governance. Services; its industries cover farm operation management, agricultural planting and breeding, agricultural product processing and distribution, catering management, high-end agricultural products online mall, agricultural information technology consulting, etc. The business area has basically covered Guangdong, Hainan, Yunnan and Shanghai. And accelerate the expansion to other key areas of the country.

O'Pay Electronic Payment is a mobile payment mobile app.

LinkedCare is a consumer medical digital service platform that provides integrated operation and management solutions for consumer medical enterprises such as dental clinics and aesthetic medical institutions, and assists institutions in realizing management standardization, diagnosis and treatment standardization, marketing socialization, mobile office, and decision-making data standardization. LinkedCare fully automates the digital operation of consumer medical institutions, assisting them to complete the closed loop of health management that increases revenue, avoids risks, lowers expenditures, and improves efficiency.

Yijiupi is an e-commerce company that restructures the wine supply chain. The company also has begun to enter the beverage and food industry to provide more services to a wider range of users. It also offers warehouse and distribution sharing service, supply chain financial services, as well as offline chains.  Yijiupi was founded in September 2014 and is based in Wuhu, Anhui, China

Gengmei is a Chinese cosmetic surgery social networking app.  It is a professional micro-plastic platform, providing plastic, micro-plastic, dental, ophthalmology, anti-aging and other consumer medical services. Gengmei is dedicated to helping beauty seekers find the right doctors more efficiently, reduce the risk of consumption, and help doctors shape their personal brands. The platform has accumulated 3.4 million cases of real-life plastic surgery, covering 204 cities and 5 overseas countries and regions, helping 22 million users to become more and more beautiful. Gengmei is established in 2013.

Order Handler focuses on providing online operation solutions for catering merchants. In addition to helping catering businesses build their online stores, the company also offers full-service consulting and management services for things like traffic, membership, dishes, and brands. Order Handler resolves issues faced by caterers using the company's research and development capabilities and real-world experience in catering brands.

Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.

KTVme  is a digital entertainment platform.

Acewill is a Software-as-a-service (SaaS) provider targeting the catering industry.

Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.

Hangzhou is a wedding industry sales and supply chain service platform.

Dajialai is a Shanghai-based intelligent catering management solution provider. Its system can manage ordering, payment, membership, inventories and invoices for medium and large or chain restaurants.

Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH”  in May 2021.

NetEase Weiyang, the agricultural brand of NetEase, focuses on providing high-quality meat production and industry solutions, leading modern agricultural innovation through innovative technologies and providing Chinese consumers with safe, delicious and high-quality food. NetEase Weiyang has built its Internet thinking into modern agriculture and creatively brought new solutions to issues such as food safety, agricultural output, and rural employment. While satisfying the needs of the mass and professional markets, let the people feel comfortable sharing higher quality of life.

TzxStar provides catering and restaurant information services.

Meijiabang is a mobile internet company focusing on the beauty industry. They provide e-commerce, online communities, online education, industry recruitment, live broadcast, and other fields, and is committed to the Internet-based transformation of the nail industry's ecological chain. They offer products that are available for shopping online.

Canyin Laoban Neican is a platform for the operation and management of catering enterprises. They provide systematic knowledge services for catering experts. They offer course modules such as store operation courses and product practical courses that endow catering operators with multi-dimensional capabilities such as data capabilities, product capabilities, operation management capabilities, brand capabilities, supply chain capabilities, and chain operation capabilities, and provide community connections, in-depth consultation, and innovative services.

Meiwei Buyongdeng is a professional smart food service providers. Through B-side SaaS services and C-side products, solve the restaurant's efficiency, management, marketing, cost and customer dining experience and other issues. In 2017, Meiwei Buyongdeng provides integrated solutions for smart food and beverage services for nearly 100,000 restaurants. At the same time, it provided a high-quality catering service experience for nearly 1 billion consumers. At present, yummy has already connected the restaurant service with consumers through the nationwide sales service network. Based on 2017, the 2018 delicious delicacy will start from the aspects of compacting product base and optimizing service experience and build a new ecology of smart food and beverage with partners.

Shanghai Sunmi Technology Co., Ltd is a technological innovation-based enterprise that has been focusing on providing O2O internet platforms, software developers, and traditional businesses with professional intelligent commercial hardware equipment that featuring high level of cost performance. Sunmi Tech “Born to intelligent commercial equipment”, helps O2O platforms and software developers on better serving entities and merchants through intelligent hardware products researched and developed by itself, and provides offline merchants with intelligent commercial hardware solutions of the mobile internet age. “Sunmi , stand by you” is our brand concept, which means they will make the business more intelligent together with our partners. Sunmi Tech is the first internet enterprise in the commercial application sector that has received 2 successive rounds of financing from Xiaomi Tech. They also received the strategic investment from outstanding internet enterprises such as Dianping.com and YouShop during Round B. Based on several years of experiences on the R&D of commercial hardware, the Sunmi group hopes to integrate the upstream and downstream supply chains, cooperate with resources on the internet platform, and bring values to the partners as well as the new commercial civilization through ultimate hardware product experiences.

Xia Kesong is an intra-city delivery service platform.

RIPPLETEK offers commercial wireless technology solutions that provide real estate, project, and information services.

Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors. Zhang Tao founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.

<div> Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors. Zhang Tao founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020. </div>

Meituan

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