根据公开信息统计：截至30日，1月（1月1日-1月30日）募资动态共23起。 KKR开年抄底 「投资界前哨」系投资界旗下专注创投政策风向、 VC/PE 动态公众号，欢迎关注！ KKR来了。 投资界获悉，本周KKR宣布完成25亿美元（约170亿人民币）亚洲私募信贷基金募资，将重点投资于亚太地区的非公开市场 优质信贷资产。 自2019年以来，KKR通过其亚洲信贷策略已在亚太地区完成逾60笔投资项目，其中约83亿美元由KKR出资，交易总值达275 亿美元，涵盖针对医疗、教育、房地产、物流和基础设施等行业的大型企业与金融投资人提供的控股收购融资和定制化资本 解决方案。 独家|开年最大募资诞生，20亿 新年募资开始了。1月23日，恒旭资本宣布完成第四期旗舰基金的首轮关账，募集规模超20亿元人民币，计划终关规模达35 亿元，缔造开年第 一笔大额人民币募资。 在同行印象中，恒旭资本是一家拥有雄厚产业背景和资源的市场化CVC。自2019年设立以来，恒旭资本六年已收获19家上 市企业，过去一年更是接连拿下长风药业、图达通、西安奕材、瑞博生物等6个IPO，被认为是私募股权投资市场中稀缺的兼 具产业背景及市场化机制的CVC之一。 ...

Core Insights - The article highlights the recent developments in Limited Partner (LP) investments across various regions in China, showcasing significant capital commitments and the establishment of new funds aimed at fostering innovation and supporting emerging industries. Group 1: Major Fund Establishments - Shanghai's state-owned assets invested 4.71 billion RMB in 17 selected sub-funds, with a total fund size of 22.89 billion RMB, leveraging nearly 200 billion RMB in social capital [2] - Nanjing plans to create an "4+N" industrial fund cluster with a total scale exceeding 200 billion RMB, focusing on key industry development and project investments [3] - Up to 10 billion RMB was raised for the Yizhuang Aerospace Industry Fund, targeting commercial aerospace sectors [8] Group 2: Sector-Specific Funds - A 10 billion RMB fund was established in Chengdu for quantum technology, focusing on nurturing the quantum industry chain [14] - The establishment of a 20 billion RMB electronic basic industry fund by China Electronics Technology Group aims to support the semiconductor sector [12][15] - A 50 billion RMB artificial intelligence fund in Kunshan will focus on core AI hardware and infrastructure [5] Group 3: Regional Investment Initiatives - The establishment of a 5 billion RMB fund in Sichuan for technology transformation aims to support innovative projects [6] - Urumqi's 2 billion RMB fund will target sectors like petrochemicals and new materials to enhance regional development [10] - The 3 billion RMB low-altitude flight industry fund in Shaanxi is set to support unlisted enterprises [16] Group 4: Strategic Partnerships and Collaborations - China Life Insurance announced a commitment of approximately 12.5 billion RMB to two new private equity funds, focusing on technology and real estate [20] - The establishment of a 40 billion RMB fund in Dazhou aims to foster new productive forces through public selection of fund managers [26] - The West (Chongqing) Science City High-tech Fund is set to invest in sectors like smart vehicles and biomedicine, with a focus on building industry clusters [27]

Core Viewpoint - The article discusses the acquisition of Jixiangju, a leading pickled vegetable brand in China, by Fountain Capital Partners, highlighting the trend of mergers and acquisitions in the consumer sector amid changing market dynamics [2][4][10]. Group 1: Acquisition Details - Fountain Capital Partners will acquire 92% of Jixiangju's shares through its subsidiary Chuanxiang Siyu, with the founder Ding Wenjun previously holding 31.24% of the company [4]. - Jixiangju has been recognized as a potential competitor to Fuling Mustard, holding a market share of 0-5% in the domestic pickled vegetable and compound seasoning market [4]. - The acquisition reflects a broader trend in the consumer sector where companies with strong brand recognition are being targeted for buyouts due to market challenges [10]. Group 2: Company Background - Jixiangju was founded by Ding Wenjun in 2001, who initially invested over 1.5 million yuan to start a pickled vegetable processing factory [6]. - The company has grown significantly, with sales increasing by over 40% annually since 2009, and has established itself as a key player in the pickled vegetable industry [6][7]. - Jixiangju exports its products to over 20 countries, including Japan, the USA, and the UK, and has developed multiple brands and over 100 product varieties [7]. Group 3: Market Context - The consumer sector in China is experiencing a wave of mergers and acquisitions, with companies like Starbucks China and Daoyao being acquired by private equity firms due to competitive pressures [10][11]. - The article notes that many companies in low-concentration industries are seeking partnerships with private equity firms to improve operational efficiency and strategic focus [11]. - The shift from financial investment to control-oriented buyouts by private equity firms is becoming more common as companies face growth challenges [11].

以下文章来源于凤凰WEEKLY ，作者面二 凤凰WEEKLY . 有温度、有情感、有趣味 流量密码。 作者 / 面二 编辑/章鱼 来源/凤凰WEEKLY (ID：phoenixweekly) 来中国旅行，过去一年的外网流量密码。 外网的「中国旅游三件套」，甚至经历过两次迭代。 最开始，外网博主们来中国的必打卡项目还是：线上支付、高铁速度、酒店机器人。 这半年，老外的中国旅游新三件套变成了：牙医、眼科、中医理疗。 Ti kTo k 的 "Me d i c a l To u rism （ 医 疗 旅 游 ） " 的 标 签 下 ， 大 批 外 国 人 摩 拳 擦 掌 准 备 到 中 国看病。 新一批来中国旅游的外国人 涌入三甲医院？ 老外来中国看病的主要原因，是便宜。 Ti kTo k爆火的来华就医分享视频评论区，讨论的核心永远都是： "去中国看病，要花多少钱？" 而他们的必打卡目的地，也新增了一个三甲医院。 2 0 2 4年，深圳为境外人士提供诊疗服务7 7万人次，其中包括港澳人士6 4万人次，其余 的则来自美国、加拿大、日本等国家。 上海1 3家指定医院接诊外籍患者近2 7万，同比增长1 5 %。 据 国 家 ...

里程碑。 作者/周佳丽 那是今年CES上，来自深圳的3 5 0余家参展企业创下阵容之最，现场投资人忍不住感叹： "明年CES不如直接在深圳办。" 如此，只是缩影。今天（1月3 0日），深圳市统计局发布，2 0 2 5年全市地区生产总值3 8 7 3 1 . 8 0亿元，同比增长5 . 5 %。稍早前新华社 报道，2 0 2 5年南山区成功迈入万亿城区， 成为我国首个GDP过万亿元的地市辖区 ，也是继北京海淀区、上海浦东新区之后，全国 第三个迈入"GDP万亿"行列的城区。 与北京海淀依托高校与央企的深厚根基不同，也与上海浦东以金融开放见长的路径相异，面积最小、建制年轻的南山，走出一条独 属于自己的路——以科技创新企业为绝对主体， "大企业顶天立地、中小企业铺天盖地、创新企业开天辟地"。 这一幕，创投圈感受更为深刻。两个月前，投资界报道《 大疆旁边咖啡馆挤满了投资人 》，记录了最近投资人去深圳抢项目的情景 ——以"大疆系"为代表的深圳创业军团席卷创投圈。随后，5 0 0亿粤港澳大湾区创业投资引导基金落户南山，史上最大创投活水缓缓 铺开。 凡此种种，皆是写照。 「 中国最牛区 」 上市公司密度全国第一 某种程度上， ...

Core Viewpoint - A capital and technological competition surrounding nuclear fusion is redefining human imagination about the energy revolution, with significant investments flowing into nuclear fusion startups globally, particularly in the U.S. and China [3][4]. Group 1: Investment Trends - Nuclear fusion concept stocks are gaining traction worldwide, with venture capital continuously pouring into fusion startups in the U.S. and related stocks in China showing strong performance [3][4]. - High-profile investors, including tech billionaires and even former President Trump, are betting on various nuclear fusion technologies, indicating a collective pursuit of creating an "artificial sun" [4][5]. Group 2: Energy Demand and Supply Challenges - The U.S. is facing an electricity shortage, exacerbated by the rising demand from AI, data centers, and other tech sectors, marking a significant shift in energy consumption patterns [6][8]. - AI data centers currently account for approximately 3% of the total electricity consumption in the U.S., with projections suggesting this could rise to nearly 8% by 2030 [8][9]. Group 3: Nuclear Fusion's Advantages - Nuclear fusion is being revisited due to its potential as a clean, efficient, and sustainable energy source, with advantages such as high energy density and low greenhouse gas emissions [10][12]. - Unlike fossil fuels, nuclear fusion's primary fuel source is seawater, reducing geopolitical risks associated with energy supply [10]. Group 4: Technological Pathways in Nuclear Fusion - Various technological pathways for nuclear fusion are being explored, including pulse magnetic confinement, hydrogen-boron fusion, and tokamak systems, each with distinct engineering philosophies and timelines [13][14][15]. - Silicon Valley's investment strategy involves diversifying across multiple fusion technologies to hedge against risks associated with high uncertainty in the field [13][21]. Group 5: Elon Musk's Space Solar Initiative - Elon Musk has publicly criticized terrestrial nuclear fusion, advocating instead for space-based solar power, which he believes can harness solar energy more effectively [17][18]. - Musk's plan includes deploying solar AI satellites to maximize solar energy capture in space, potentially meeting the entire U.S. electricity demand with a relatively small area of solar panels [19][20]. Group 6: Strategic Implications of Investment - Silicon Valley's investment in nuclear fusion reflects a long-term strategic bet on future energy capabilities, with the understanding that technological advancements in fusion could yield benefits across various high-tech industries [21][22]. - The pursuit of nuclear fusion is seen not merely as an energy venture but as a critical component in determining future technological and competitive advantages in the global landscape [23].

报道/投资界PEdaily 一份意料之外又情理之中的捐赠。 近日，拓竹宣布设立母校基金，向1 0所员工母校总计捐赠1亿元。 10所高校入选。 作者/王露 名单里大多是传统工科强校和"双一流"，但其中一个名字格外醒目：深圳职业技术大学 ——唯一的职业院校。 它为什么会出现在这里？答案藏在拓竹的用人逻辑里，也藏在中国硬科技的变迁里。人 才争夺战，正从工厂和实验室蔓延至大学课堂。 向10所员工母校 捐赠1亿 先从这笔捐赠说起。 1 月 2 7 日 ， 拓 竹 宣 布 成 立 拓 竹 母 校 基 金 ， 给 员 工 母 校 捐 款 1 亿 元 ， 向 长 期 培 养 人 才 的 母 校表达一份感谢。 这份高校名单包括电子科技大学、哈尔滨工业大学、华南理工大学、华中科技大学、上 海交通大学、西安交通大学、中国科学技术大学、香港科技大学、中国美术学院，以及 一个略显意外的名字：深圳职业技术大学。 名单看似杂糅，实则有据可依。拓竹称，每个人的专业背景各不相同——或是来自文理 工科，或是艺术、设计出身，又或是以职业技术见长，但一起构成了今天的拓竹。其筛 选标准并非学校排名或创始人偏好，而是综合各校在司员工数量及薪酬水平等维度 ...

以下文章来源于清科沙丘投研院 ，作者清科沙丘投研院 清科沙丘投研院 . 沙丘投研院——中国投资界的黄埔军校，致力于培育新一代杰出企投家，塑造创投高端人才。我们不仅 分享体系化理论，积极实战，更构筑起"永不毕业"的创投社群，汇聚校友力量，在深度链接与互动中激 发合作，在持续共创与联投中携手向上，一同斩获更大成就。 闻道 明己 致远 本次大会特邀四位创投界重磅嘉宾导师莅临致辞，结合自身数十年实战经验，围绕行业趋势、投资逻 辑、企业成长等多个维度深入分享，其观点无不凝聚着对行业的深刻体悟。现场掌声不断，每一次思 想碰撞，都凝聚成前行的力量；每一句殷切嘱托，都承载着对未来的期许。四位嘉宾分别是： 时光流转，华章日新。时下，全球科技革命与产业变革加速演进，人工智能、硬科技等前沿领域呈现爆发 式增长。 2026 年，恰逢 " 十五五 " 开局起步的关键节点，中国创投行业正迎来科技与产业深度融合、资本与 创新双向赋能的全新周期。 近日，「沙丘投研院黄埔14期毕业/16期开学典礼暨2026年年会」在京圆满举办，十数位一线创投大 咖导师亲临现场，开学班及毕业班新老同学齐聚一堂，百余位校友从天南海北携手赶赴北京—— 本次大会以 ...

投资超100个AI项目，一张 版图浮现。 作者/周佳丽 报道/投资界PEdaily 久违地，一级市场迎来I PO收获季。 过去一年，穿梭于投资企业I PO敲钟现场，成为许多投资人的重要行程。这当中，启明 创投战绩令人印象深刻——过去1 2个月收获8个I PO，包括海博思创、影石创新、云知 声、云迹科技、英矽智能、壁仞科技、智谱等。梳理下来，当中有多达5家为纯人工智 能公司，如此数量在一级市场并不多见。 作为中国投资人工智能最活跃的基金之一，启明创投2 0 1 3年就开始布局AI，十余年间 悄然跨越了从早期播种到迎来首轮规模化收获的完整周期。这不仅是一家积淀深厚的头 部VC的丰收，更成为创投机构深度参与并推动中国AI产业发展的一个可参照样本。 正如启明创投创始主管合伙人邝子平始终笃信， 人工智能将带来巨大的福祉，蕴含着 未来二十年最确定的投资机遇。 13年前开始重仓AI IPO收获季 启明创投这一轮集中收获，清晰地指向一个方向——人工智能。 过去十二个月，启明创投在纯AI领域接连收获了5家上市公司，勾勒出一条鲜活的产业 脉 络 ： 从 中 国 AGI 技 术 产 业 化 先 行 者 之 一 的 云 知 声 ， ...

关注 投资界视频号 ，直面浪潮中的理性声音。 「 我们从河流走向海洋 」 停下来，聊点不一样——投资界全新视频栏目 「投资界 Talk」 正式和大家见面啦！在这 里，我们力求呈现投资人和创业者未经修饰的独白。 本期 「投资界 Talk」 来自 信宸资本高级合伙人信跃升 。他是中国并购市场的标志性人 物之一，在过往20多年里操刀了诸多经典案例，亲历了中国并购市场从"孤独岁月"到隐隐 爆发的历程。这一次，他复盘了当年收购麦当劳中国的经典一战，娓娓聊起中国并购市场 的观察与体会。 ...