Zhu Yiming in the VC Business: 5 Billion Yuan Investment for DeepSeek
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News about DeepSeek's IPO keeps emerging, including the news that a billionaire heavyweight will support Liang Wenfeng. According to media reports, several industrial capital investors participated in DeepSeek's second round of financing, including Shixi Capital, SMIC Puhua, Boyu Capital, CPE Yuanfeng, and Hefei's state-owned investment platform. Among them, Shixi Capital plans to contribute approximately 5 billion Yuan. The disclosure of shareholding relationships shows that Shixi Capital is closely linked to GigaDevice, while Zhu Yiming, founder of GigaDevice, is also the founder of Changxin Technology, a domestic DRAM giant recently listed on the Sci-Tech Innovation Board. A notable detail is that Liang Wenfeng previously successfully subscribed for new shares of Changxin Technology through his controlled companies "Ningbo Huanfang Quantitative Investment" and "Zhejiang Jiuzhang Asset," receiving a total allocation of approximately 175 million Yuan, making it the private fund with the highest allocated share. Two investments and two high-profile personalities make this bet by Shixi Capital particularly eye-catching. As an investment institution founded back in 2015, Shixi Capital is relatively unknown in the VC circle. Data from CVSource shows that this is not an ordinary financial investment institution, but a CVC jointly established by GigaDevice and the investment team...
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