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AI硬件狂飙，42起融资领跑；北上并列最热投资地丨「人工智能」5月投融资月报
Sou Hu Cai Jing·2025-06-19 08:21

Core Insights - In May 2025, the Chinese AI industry experienced 87 financing events, a decrease of 3% from the previous month but an increase of 1% year-on-year [1][3] - The total disclosed financing amount was 3.569 billion RMB, down 32% from the previous month and down 85% year-on-year [1][3] - The most active segments in AI financing were AI hardware (42 events), foundational support layer (22 events), and foundational technology layer (9 events), with the foundational support layer seeing a significant increase of 38% from the previous month [1][5] Financing Events - The top regions for financing events were Beijing (19), Shanghai (19), Guangdong (13), Jiangsu (13), and Zhejiang (8) [2][8] - The distribution of financing events by stage showed 72 in the early stage (82.76%), 12 in the growth stage (13.79%), and 3 in the late stage (3.45%) [3][10] - The disclosed financing amounts were 2.529 billion RMB for early stage (70.86%), 540 million RMB for growth stage (15.13%), and 500 million RMB for late stage (14.01%) [10] Global Context - Globally, there were 8 new large financing events in the AI sector, accounting for 29% of all global large financing events, with a total amount of 18.532 billion RMB, representing 38% of the global total [14] - In May 2025, 2 new unicorns were added to the AI sector globally, making up 40% of the total new unicorns for the month [16] Investment Institutions - The most active VC/PE institutions in May 2025 included Waterwood Tsinghua Alumni Seed Fund (4 events), Yuanhe Origin (3), Jingguo Rui Fund (3), Lushan Investment (3), and Wuzhong Financial Investment (3) [3][18] - A total of 131 VC/PE institutions participated in AI investments, an increase of 3% from the previous month and 41% year-on-year [17] IPO Activity - One Chinese company completed an IPO in May 2025, a decrease of 67% from the previous month but an increase of 100% year-on-year, raising 370 million RMB [23] - The IPO was fully supported by VC/PE, indicating a 100% penetration rate [23]