Group 1 - The Chinese private equity market is experiencing a significant resurgence since 2025, with a notable increase in investment cases, particularly in the technology sector, which saw a 12.2% year-on-year rise in the first quarter with 2,329 investment cases [1] - Key areas of investment include hard technology, semiconductors, IT, healthcare, and machinery manufacturing, indicating a broad interest in emerging industries [1] - The revival of the market is also reflected in the increase of successful fundraising cases and the competition for star projects, signaling a renewed investor interest [1][2] Group 2 - International capital is reassessing the value of Chinese assets, driven by the emergence of star projects in AI, new energy, and robotics, which are attracting foreign investment [3][4] - The Shanghai Auto Show in 2024 marked a turning point, showcasing the rapid advancements in China's new energy vehicle market, which impressed European investors and highlighted the systemic rise of China's industrial strength [4] - The perception of "Made in China" is shifting, as foreign investors recognize the innovative capabilities of Chinese tech companies, breaking previous stereotypes [4] Group 3 - The recovery of the market is supported by a resurgence in Hong Kong IPOs, providing clearer exit paths for capital, alongside government initiatives aimed at improving the foreign investment environment [5] - Recent policies, including simplified entry processes for foreign nationals and optimized investment access, have significantly boosted investor confidence [5] - Despite the positive trends, challenges remain regarding foreign investors' understanding of Chinese regulations and the maturity of exit mechanisms, which are critical for attracting sustained investment [6] Group 4 - Bosch Group's investment strategy in China, through its venture capital arm and the establishment of博原资本, focuses on deep technology sectors and aims to create a global competitive edge for Chinese companies [8][9] -博原资本's investment logic is anchored on aligning with Bosch's core industrial ecosystem, emphasizing collaborative potential and a global perspective [8] - The firm is pursuing a dual strategy of incubation and international expansion, aiming to adapt successful Chinese business models to meet overseas market demands [9] Group 5 - The shift in international capital's focus from cost advantages to innovation capabilities marks a significant valuation revolution in the Chinese market, indicating a transition towards ecological co-construction [9][10] - The evolving landscape suggests that Chinese innovation is moving from market application to foundational technology breakthroughs, reshaping the narrative of globalization distinct from the Silicon Valley model [9]