文：韦亚军 这轮融资后，Databricks将晋级全球第五大独角兽。 据多家媒体交叉验证，本轮出资方仍以老股东为主。a16z（Andreessen Horowitz）继续领投，出资约2.5亿美元，Thrive Capital、Insight Partners 各跟投1.5 亿美元。 新面孔是新加坡政府投资公司（GIC）和富达（Fidelity），二者合计认购3亿美元优先股，其余额度被十多家共同基金"秒杀"。 Databricks公司CFO Dave Conte 甚至在内部邮件里直接写道，"账簿超额认购3.8倍，我们不得不主动缩减部分基金的配额。" AI融资再现疯狂案例！ 近日，知名AI独角兽Databricks在官网宣布，"公司正在进行一笔超10亿美元的K轮融资，TS已签署，对应估值将超过1000亿美元。" "我的手机被打爆了。"Databricks CEO表示，"原本不打算这么快再次融资，但每天都有投资人询问是否可以投资。" 这轮融资后，Databricks将晋级全球第五大独角兽，在估值上仅次于paceX、OpenAI、字节跳动和XAI。 6天谈妥10亿美元TS CEO手机快被VC打爆了 据TechCrun ...

8月22日，上交所披露，因福建德尔科技股份有限公司及其保荐人撤回发行上市申请，根据《上海证券交易所股票发行上市 审核规则》第六十三条有关规定，上交所终止其发行上市审核。 发行人本次发行选择《上海证券交易所股票上市规则》3.1.2条款的第二套上市标准：预计市值不低于50亿元，且最近一年 净利润为正，最近一年营业收入不低于6亿元，最近3年经营活动产生的现金流量净额累计不低于2.5亿元。 福建德尔本次发行募集资金投资项目包括"年产200吨电子级三氟化氯生产线项目"、"含氟半导体材料项目"及"年产36万吨 半导体级电子材料项目（二期）"，募集资金拟投资额19.45亿元。 2022年度、2023年度、2024年度，公司营业收入分别为169,846.19万元、141,792.63万元和168,705.05万元；归母净利润分别 为22,121.74万元、11,888.82万元和13,050.20万元；扣非归母净利润分别为18,441.46万元、3,573.55万元和8,618.00万元。 | | | | 1 14 1216 | | --- | --- | --- | --- | | 项目 | 2024 年度 | 2023 ...

Core Insights - In July 2025, China's primary market saw 802 financing events, a 14% increase from the previous month and stable compared to the same period last year [2][6] - The total disclosed financing amount reached 35.279 billion RMB, up 6% month-over-month but down 2% year-over-year [2][6] - Key sectors for financing included intelligent manufacturing, artificial intelligence, and healthcare, with artificial intelligence experiencing a significant month-over-month increase of 26% [2][8] Financing Events Overview - The distribution of financing events by stage included 630 early-stage events (78.55%), 136 growth-stage events (16.96%), and 36 late-stage events (4.49%) [3][20] - The disclosed financing amounts were 18.283 billion RMB for early-stage (51.82%), 10.308 billion RMB for growth-stage (29.22%), and 6.689 billion RMB for late-stage (18.96%) [20] Industry Distribution - The top five industries accounted for 68% of all financing events, totaling 548 events, with intelligent manufacturing leading at 188 events [8] - The disclosed amounts for these top five industries reached 23.896 billion RMB, also representing 68% of the total [8][10] Geographic Distribution - The leading regions for financing events were Jiangsu (124), Zhejiang (117), Guangdong (117), Shanghai (115), and Beijing (107) [16] - The top cities included Shanghai (115), Beijing (107), Shenzhen (80), Hangzhou (70), and Suzhou (56) [18] IPO Market Analysis - In July 2025, 26 Chinese companies completed IPOs, maintaining the same number as the previous month but up 44% year-over-year [4][46] - The total amount raised through these IPOs was 37.921 billion RMB, a 5% increase from the previous month and a staggering 487% increase from the same month last year [4][46] - The majority of IPOs were supported by VC/PE, with 14 out of 26 companies, indicating a 54% penetration rate [4][46] M&A Market Analysis - There were 11 M&A events in July 2025, a significant decrease of 69% from the previous month and 87% year-over-year [4][55] - The total disclosed amount for these M&A events was 863 million RMB, down 87% month-over-month and 96% year-over-year [4][55] Global Financing and Unicorns - Globally, there were 41 new large financing events in July 2025, with China contributing 9 events, accounting for 22% of the total [24] - China saw the addition of 1 new unicorn in July, bringing the total to 504 unicorns, which is 27% of the global total [32]

在近日举行的 2025中国（深圳）独角兽企业大会上，《GEI中国独角兽企业研究报告2025》及《深圳市 独角兽企业及瞪羚企业研究报告2025》重磅发布。榜单显示，福田区表现亮眼，而梅林街道更是突出： 在全区 6家独角兽企业中独占4家（荣耀终端、货拉拉、KK集团、宏芯宇），总估值达456亿美元，占 全市29%，位列全市街道首位，超过了前海、南山（除前海）等创新强区独角兽企业的总估值。在全区 10家瞪羚企业中占据4席（海云安网络安全、赢和信息、宏芯宇、凌雄技术），同样位居全区第一；同 时在全区潜在独角兽企业18家中贡献5家（华锐分布式、新声半导体、品宙洁净、元视芯智能、开源网 安），在全区23家种子独角兽企业中占7家（万勋科技、麦斯塔微电子、燃数科技、中和储能、领保科 技、九科信息、像素绽放）。 潜在独角兽：成立5年内，且尚未上市（不含新三板挂牌），要求估值超过7亿人民币，累计融资金额超 过0.35亿；成立5—9年，要求估值超过35亿人民币，累计融资金额超过1.75亿人民币。是独角兽企业的 后备军，处于向独角兽冲刺的关键期。 独角兽企业：凸显 "爆发潜力"，成立时间不超过10年，估值超过10亿美元（或70亿人民币 ...

Group 1 - The South Korean government plans to increase annual venture capital investment to 40 trillion KRW by 2030, aiming to nurture 50 global unicorn companies (valued over 1 trillion KRW) [1] - In the first half of this year, the new venture capital investment amounted to 5.7 trillion KRW, with an expectation that the total for the year will remain at 12 trillion KRW, similar to last year [1] - To achieve these goals, the government will expand the scale of mother funds, support cutting-edge technology companies in phases, improve tax systems and regulations, and prevent technology infringement [1] Group 2 - The "New Start Fund" for debt adjustment for small businesses and individual entrepreneurs will increase the number of beneficiaries from 80,000 to 350,000 [1] - The government aims to attract 30 million foreign tourists to South Korea by 2030, up from 16.37 million last year, by actively developing "K-Tourism" content and improving the tourism environment [1]

Core Viewpoint - OpenAI is considering an IPO in the future, with its valuation potentially reaching $500 billion, driven by its leading position in the AI sector and recent funding rounds [2][4]. Group 1: IPO Considerations - OpenAI's CFO, Sarah Friar, indicated that the company is contemplating an IPO, reigniting investor interest in its listing plans [2]. - CEO Sam Altman expressed confidence that the company will eventually go public but is uncertain about continuing as CEO post-IPO due to the complexities involved [2][3]. - OpenAI has undergone restructuring to facilitate a potential IPO, transitioning from a non-profit to a public benefit corporation while maintaining its non-profit parent company [3]. Group 2: Funding and Valuation - OpenAI raised $40 billion in a recent funding round led by SoftBank, bringing its valuation to $300 billion [2]. - The company is also negotiating a secondary sale of shares that could elevate its valuation to approximately $500 billion, surpassing SpaceX as the most valuable unicorn [4]. - Recent reports indicate that OpenAI has secured $8.3 billion in funding from investors like Blackstone and TPG, further solidifying its financial position [4]. Group 3: Revenue Potential and Market Position - OpenAI's valuation is supported by projections that if ChatGPT reaches 2 billion users, it could generate annual revenues of $120 billion, although current annualized revenue is only $12 billion [5]. - The AI industry is experiencing rapid growth, with unprecedented investor interest, positioning OpenAI favorably for future funding and expansion opportunities [5].

Core Viewpoint - The number of new unicorns globally has significantly decreased, with only 108 new unicorns in 2024, an 85% drop from the peak of 720 in 2021. This decline is attributed to the slowdown in the growth of unicorn companies and challenges in the venture capital market in China [1]. Group 1: Challenges in Venture Capital - The venture capital market in China is facing significant challenges, with a continuous decline in investment scale and quantity [1]. - There is a notable information asymmetry between startups and investment institutions, leading to difficulties in securing investments for startups and hesitance from investors [3]. Group 2: Government Initiatives - Guangdong Province has launched the "Yue Chuang Jin Qiao" initiative to bridge the gap between projects and financial institutions, aiming to foster a healthy cycle among technology, industry, and finance [1][3]. - The initiative includes 19 specific measures to promote high-quality development in venture capital, focusing on the entire investment chain from fundraising to exit [3]. Group 3: Event and Platform Development - The "Yue Chuang Jin Qiao" initiative will host a series of events, both online and offline, to facilitate connections between startups and investors, featuring lectures from renowned economists and industry leaders [4]. - An online platform will be established to support project financing needs and match suitable projects with investment institutions through AI and professional screening [4]. Group 4: Expectations from Startups - Startups, such as Guangzhou Sait Intelligent Technology Co., express high expectations for the "Yue Chuang Jin Qiao" platform, highlighting its potential to streamline the project selection process and reduce the time and cost of finding quality projects [6]. - There is a call from several tech companies for increased participation from industrial capital in the "Yue Chuang Jin Qiao" platform to enhance resource coordination and mutual empowerment [7]. Group 5: Strategic Focus Areas - Investment institutions are optimistic about Guangdong's strategic value in areas such as AI innovation, high-end manufacturing, and new energy, aiming to support emerging industries in the Greater Bay Area [6][7].

Core Insights - The number of new unicorns globally has significantly decreased, with only 108 new unicorns in 2024, an 85% drop from the peak of 720 in 2021 [1] - The slowdown in unicorn development is attributed to challenges in the venture capital market, leading to a decline in investment scale and quantity [1] - The "Yue Chuang Jin Qiao" initiative aims to bridge the gap between innovative projects and financial institutions, fostering a healthy cycle among technology, industry, and finance in Guangdong Province [1][2] Group 1: Investment Environment - The Guangdong government has introduced a comprehensive action plan to promote high-quality development in venture capital, focusing on five areas including nurturing investment institutions and broadening funding sources [2] - The "Yue Chuang Jin Qiao" platform will serve as a permanent venue for investment and financing services, addressing information asymmetry between startups and investors [3] Group 2: Startup Needs and Expectations - Startups, such as Guangzhou Sait Intelligent Technology Co., express the need for funding to expand production, market channels, and ongoing R&D, alongside professional financial consulting services [6] - There is a strong desire among tech companies for more industrial capital participation in the "Yue Chuang Jin Qiao" platform to facilitate coordinated development and mutual empowerment [5][6] Group 3: Future Prospects - The initiative is expected to leverage digital technology and shared information to enhance the precision of financial support for tech enterprises, creating a better environment for nurturing unicorns [7]

外媒引述消息人士报道，总部位于香港的旅游预订平台Klook 客路，已经聘请 高盛、 摩根士丹利、 摩根大通，协助安排在美国进行首次 公开招股 (IPO)事宜，计划募资约5亿美元，最终上市时间及募资规模要视市场情况而定。 Klook，成立于2014年，来自香港，由林照围(2008年6月至2014年5月先后任职于花旗、渣打银行的投行部门)、王志豪(2008年6月至2013 年12月先后任职于摩根士丹利的投行部门、Investor)、熊小康(Bernie Xiaokang Xiong,先后毕业于武汉大学、香港城市大学)三人联合创 立，其中前两者是投行出身，熊小康则是技术出身。 Klook是一个体验玩乐及旅行服务平台，支持七种操作语言，并支持超30种国际货币的本地支付，主要为旅行者提供便捷的"自由行玩乐 预订服务"，覆盖了全球400个目的地、拥有超过10万种当地行程与旅游预订服务，包括景点门票、小团游及特色体验活动、铁路与当地 交通、地道美食、体验式住宿等。 Klook，于2024年4月以120亿人民币估值入选《2024年·胡润全球独角兽榜》，排名680名。 Klook已历经数轮融资，累计融资逾10亿美元，其投资者包 ...

Group 1 - The article highlights the significance of unicorn and gazelle companies as key drivers of industrial transformation and economic growth, serving as indicators of a city's innovation capability and future potential [1] - Unicorn companies are defined as innovative enterprises established within 10 years, valued over $1 billion, and backed by private equity without being publicly listed [1] - Gazelle companies are characterized as small to medium enterprises that have successfully crossed the entrepreneurial "valley of death," demonstrating strong market explosiveness and growth resilience [1] Group 2 - Meilin Street has shown remarkable performance in the innovation wave, with its enterprises recognized in three authoritative rankings [1] - According to the Hurun Research Institute's "2025 Hurun Global Unicorn List," Meilin Street boasts two of the five Shenzhen companies in the global top 100: Honor (ranked 20th) and Huolala (ranked 69th), with KK Group at 331st [1] - The total valuation of these three unicorns from Meilin Street is approximately 259 billion yuan, accounting for 22% of the total valuation of 37 unicorns in the city, ranking first among all streets in Shenzhen [1] Group 3 - In the 2025 China (Shenzhen) Unicorn Enterprise Conference, Meilin Street secured four out of six unicorns listed in Futian District, with a total valuation of $45.6 billion, representing 29% of the total valuation of 42 unicorns in Shenzhen [3] - The four unicorns include Honor, Huolala, KK Group, and Hongxin Electronics, showcasing Meilin Street's dominance in both unicorn and gazelle enterprises [4] Group 4 - Meilin Street has successfully nurtured four gazelle companies, including Haiyun Network Security and Yinghe Information, leading in the number of both unicorns and gazelles in the district [4] - The strategic layout of "Digital Intelligence Valley" in Meilin Street has created a vertical industrial chain covering chip design, algorithm development, and terminal applications [7] - The new generation industrial park exemplifies this model, attracting key enterprises and achieving a revenue of over 200 billion yuan in 2024, making it one of the highest in economic efficiency and innovation contribution in Shenzhen [7] Group 5 - The favorable geographical location, solid industrial foundation, and excellent living environment of Meilin contribute to its appeal for innovation talent and startups [8] - The combination of cultural activities and lower rental costs compared to other popular areas makes Meilin an attractive location for small and medium-sized tech enterprises [8] - Meilin is positioned as a complete industrial ecosystem capable of nurturing more unicorns and gazelles, driving high-quality regional economic development [8]