在消费级全景相机市场与影石创新短兵相接后，大疆又将目光投向了另一个高速增长的赛道——消费级 3D打印（被称作增材制造技术，是一种依据三维CAD数据通过逐层材料累加的方法，实现实体零件的 制造）。不过，这一次大疆并未选择亲自下场，而是以投资的方式切入这一领域。近日，大疆回应《每 日经济新闻》记者称："本次投资是基于公司对消费级3D打印技术发展潜力、行业增长潜力的看好，符 合大疆对创新科技的一贯理念和前瞻性布局。" 尽管大疆未在回应中明确被投方名称，但据市场普遍说法，其投资对象为国内3D打印企业智能派。更 引人关注的是，这笔看似常规的投资，却因为投资协议中"专门安排了涉及拓竹科技的相关条款"而在业 内掀起波澜。 上周末，拓竹科技创始人陶冶一条朋友圈千字长文在业内广泛传播。他在文中直言，此次投资更像是老 东家对拓竹科技发起的"火力打击"，而非纯粹的"价值投资"。 如今，随着大疆以投资方式与拓竹科技踏入同一战场，一场围绕技术、市场与人才的对决已然拉开序 幕。而业界关注的焦点是，大疆入局消费级3D打印领域，究竟能否撼动拓竹科技已建立的领先地位？ 消费级3D打印增长劲爆 近年来，随着技术成熟与成本下降、产品体验显著提升， ...

Core Viewpoint - DJI is actively responding to competitive pressures in the drone and consumer electronics markets, particularly following the launch of the first panoramic drone by Insta360, indicating a strong competitive awareness and strategic positioning in the industry [1][4]. Group 1: DJI's Product Development and Market Strategy - DJI recently invited multiple investment institutions to its Shenzhen headquarters for a closed-door research session on its upcoming panoramic drone, the DJI Avata 360, although the company later clarified that this was an internal product experience event, not an investor meeting [1]. - The company emphasized that claims regarding its market position, such as being the only profitable consumer drone company globally, are inaccurate and that it does not need to collaborate with other companies to expand its market presence [1]. - The launch of the Avata 360 is seen as a defensive move against Insta360's new product, which could significantly impact Insta360's valuation if DJI leverages its supply chain advantages for competitive pricing [1]. Group 2: Expansion into New Markets - Beyond drones, DJI has been expanding its footprint in the consumer electronics sector, launching products such as the Osmo 360 camera and a sweeping robot, while also investing in a 3D printing company [3]. - The investment in the 3D printing sector is viewed as a strategic move to capitalize on the growth potential of consumer-grade 3D printing technology, aligning with DJI's innovative vision [3][4]. - The competitive landscape is intensifying, with DJI's entry into 3D printing potentially posing a threat to its former employee's company,拓竹科技, which has established itself as a leader in the consumer-grade 3D printing market [3][4]. Group 3: Competitive Dynamics in the Industry - The competition between DJI, Insta360, and拓竹科技 reflects a broader trend in Shenzhen's hardware industry, transitioning from a single dominant player to a multi-competitive environment [5]. - As DJI continues to diversify its product offerings and invest in new technologies, Insta360 is exploring opportunities in drone and content ecosystems, while拓竹科技 is expanding its global market presence in 3D printing [5]. - Future competition is expected to focus more on supply chain efficiency, global channel capabilities, brand building, and organizational management rather than solely on product specifications and pricing [5].

深圳硬件圈，风波乍起。 起因是3D打印龙头拓竹科技创始人陶冶在朋友圈发了一篇长文，透露自己的老东家大疆，投了一家3D 打印机公司，投资协议中还设置了针对拓竹的条款。隐隐之中，几丝火药味飘来。 一时间，讨论声四起。这位"友军"是谁？投资界了解到，这家3D打印机公司正是同样来自深圳的智能 派——成立于2015年，始于一位潮汕90后男生，此前曾获得深圳高新投的A轮融资。现在，大疆也出手 了。 大疆方面表示，投资3D打印是公司基于对消费级3D打印技术发展潜力、行业增长潜力的看好，符合大 疆对创新科技的一贯理念和前瞻性布局。事实上，今年包括3D打印在内的硬件创业公司融资火爆，如 出一辙般，这些公司几乎都来自深圳。 90后干3D打印机，大疆投了 身处深圳，但智能派的身影鲜少出现在创投圈主流视野。 时间回到2015年，中国邮政集团员工洪英盛与搭档陈波无意中发现，海外市场对中国制造的STEM教育 套件需求旺盛。他们开始在华强北采购元器件，组装成STEM套件出口海外，没想到卖得极好。 于是两人双双辞职，一家叫做智能派的跨境电商公司成立。 然而，STEM教育套件的市场很快看到了天花板，偶然间一位美国客户想买3D打印机的需求启发了 ...

Core Viewpoint - The article discusses the competitive landscape of the 3D printing industry in Shenzhen, highlighting the investment by DJI in a local company, Smart Pie, and the implications for the market dynamics among key players like Tuo Zhu Technology and Smart Pie [2][5][9]. Group 1: Investment and Market Dynamics - DJI's investment in Smart Pie is based on the potential growth of consumer-grade 3D printing technology and aligns with its innovative technology strategy [2][5]. - Smart Pie, founded in 2015, has rapidly evolved from a cross-border e-commerce company to a significant player in the 3D printing market, with projected revenues of 1.6 billion yuan in 2024 and over 2 billion yuan in 2025 [5][10]. - The global consumer-grade 3D printing market is expected to reach $21.9 billion in 2024, with a compound annual growth rate exceeding 20% [10][11]. Group 2: Company Backgrounds - Smart Pie initially focused on STEM education kits before pivoting to 3D printing in 2017, launching its first printer after transitioning from being a distributor to developing its own products [3][4]. - Tuo Zhu Technology, founded by former DJI employees, has captured a significant market share, with 29% of the global consumer-grade 3D printing market and a shipment volume of approximately 1.2 million units [6][7]. - Both Smart Pie and Tuo Zhu Technology are part of a group of companies in Shenzhen that dominate the entry-level 3D printing market, collectively holding 90% of the market share [9][10]. Group 3: Industry Trends - Shenzhen is emerging as a "hardware Silicon Valley," with a complete 3D printing industry chain that facilitates rapid product development and assembly [9][10]. - The article emphasizes the importance of Shenzhen as a hub for investment in consumer hardware, particularly in the context of AI-related technologies and other innovative products [10][11].

Core Viewpoint - Shanghai's Songjiang District is focusing on the development of advanced manufacturing, new productivity, modern urban construction, and rural revitalization, leveraging the G60 Science and Technology Innovation Corridor to enhance economic growth and innovation in the region [1][6][22]. Group 1: 6G Future Industry Development - The Shanghai 6G Communication Valley is taking shape with a 123,000 square meter high-quality space ready for innovation in the future communication industry [2][6]. - The park aims to integrate "6G + satellite + AI" technologies, focusing on key areas such as integrated space-ground technology and establishing a full-chain innovation platform for 6G [7][12]. - A significant number of leading enterprises, including global leaders in mobile communication modules and satellite internet, have already signed agreements to settle in the park, indicating a strong industrial cluster effect [12][17]. Group 2: Investment and Support Mechanisms - The park has established a 100 million yuan "6G Communication Valley Eagle Cultivation Plan" and a 300 million yuan 6G industry incubation fund, aiming to leverage at least 2 billion yuan in guiding funds [17][21]. - A comprehensive investment system covering seed, angel, venture capital, and mergers and acquisitions is being developed to support the entire lifecycle of innovation [17][21]. - The park is also integrating high-end think tanks and global networks to create a robust collaborative innovation system, providing full-cycle support for hard-tech enterprises [20]. Group 3: Technological Advancements in 3D Printing - LianTai Technology, a leading player in the industrial-grade 3D printing sector, is driving digital transformation in the industry with its Unionfab Cloud platform, which connects 58 enterprises and 1,630 devices, enhancing overall efficiency by 40% [27][33]. - The company plans to invest 20% more in R&D annually over the next 3 to 5 years, focusing on integrating AI and automation into 3D printing to tackle common industry challenges [33]. - LianTai aims to expand its market share in the global market by 15% to 20% by providing rapid customization services for various sectors, including new energy vehicles [33].

Core Insights - Shenzhen has 42 unicorn companies in 2024, with a total valuation of $159.9 billion and an average valuation of $3.71 billion, marking a significant increase in unicorn numbers compared to other major cities in China [1][7] - The city has produced 13 new unicorns, accounting for 25% of the national total, making it the leading city in terms of new unicorns [1][7] - Shenzhen's unicorns are primarily concentrated in hard technology sectors, with 66.7% of them focusing on this area, showcasing strong innovation capabilities [3][9] Growth Factors - The rapid growth of unicorns in Shenzhen is attributed to a shift in policy from "single-point support" to "ecological empowerment," creating a comprehensive support system [4][10] - The "20+8" strategic emerging industry cluster policy has been pivotal in supporting sectors like integrated circuits, robotics, and clean energy, aligning with the distribution of unicorns in hard tech [4][10] - Shenzhen aims to cultivate 80 unicorns by 2027 through a multi-dimensional support system encompassing finance, talent, and innovation ecosystems [4][10] Innovation and Patents - Shenzhen unicorns hold an average of 141 authorized invention patents per company, significantly higher than Beijing (74) and Shanghai (81), indicating a robust innovation environment [3][9] - The city has a total of 151 invention applications per company, nearly double that of Beijing and Shanghai [3][9] Global Expansion - Over 80% of Shenzhen's unicorns are global companies, actively expanding into international markets through overseas factories and marketing networks [5][11] - Companies like XREAL and欣旺达动力 are seizing opportunities in the global market, with XREAL's AR device achieving significant overseas revenue [6][11] - The establishment of cross-border research environments and support for overseas technology acquisitions are facilitating this global expansion [6][11]

Core Viewpoint - DJI's investment in the 3D printing sector has sparked significant public discourse, indicating a strategic move into a rapidly growing market [2][3][5]. Group 1: DJI's Investment in 3D Printing - DJI has confirmed its investment in the 3D printing company, Smart派, highlighting its commitment to this emerging field [5]. - The consumer-grade 3D printing market is experiencing unprecedented growth, with the potential to reach billions of users due to advancements in AI and modeling technologies [6][8]. - The global annual shipment of consumer-grade 3D printers is projected to increase from 4.5 million units to 20 million units in the next five years, and potentially to 50 million units in the following five years [10]. Group 2: Market Dynamics and Competitors - The 3D printing industry is seen as one of the fastest-growing sectors, with significant interest from major players like Tencent and Meituan, indicating a competitive landscape [12]. - Smart派, while not a top-tier player, has shown strong growth with a revenue of 1.6 billion yuan last year and is positioned to benefit from the increasing demand in the 3D printing market [16][18]. - The investment in Smart派 reflects DJI's strategy to diversify its portfolio and capitalize on the potential of the 3D printing market, which is expected to see a surge in household adoption [11][22]. Group 3: DJI's Corporate Culture and Strategy - DJI is recognized for its rigorous talent development and product methodology, which has established it as a leader in hardware innovation [24][27]. - The company's focus on engineering culture and product excellence is evident in its approach to market opportunities, avoiding trends in favor of solid technological advancements [28][29]. - The recent public discourse surrounding DJI's investment underscores the importance of product strength and market dynamics in the tech industry [29].

大疆证实投资消费级3D打印企业智能派，拓竹创始人开撕大疆投资安排是人才流向触动"逆鳞" 真正让事件升温的，是拓竹创始人陶冶的公开质疑。作为曾任职大疆八年的消费级无人机事业部负责人，陶冶在11月15日发布一条朋友圈，评论大疆此举 99.9%是因人才流向触动"逆鳞"。 他透露，大疆在投资协议中特别设置了与拓竹相关的条款，且投资标的并非技术创新型企业，更像一场针对拓竹的"火力打击"。 上周末，拓竹科技创始人陶冶发布了一条朋友圈，称大疆投资了一家3D打印公司，协议里特别安排了与拓竹相关的条款。 据智通财经报道，大疆确实投资了3D打印企业智能派，投资规模达数亿元。大疆方面回应称，投资基于对该领域技术潜力与增长前景的看好，契合其创新 布局理念。 公开资料显示，成立于2015年的智能派早年主营STEM教育套件出口，后转型3D打印业务，2024年出货量50万台，但其市场体量与拓竹存在明显差距——后 者同期出货量达120万台，已连续三年蝉联全球桌面级3D打印设备销量冠军。 这场风波背后，是两家企业的深厚渊源——拓竹创始团队多为大疆前骨干，产品逻辑与供应链管理也延续大疆基因。 目前，大疆与拓竹均未就言论争议进一步回应，智能派股权 ...

Core Insights - The article highlights the significant advancements made by Yingmou Technology in the field of 3D generation, particularly through their model Rodin and its latest iteration, Rodin Gen-2, which has achieved substantial improvements in generation quality and controllability [2][6][9]. Group 1: Company Achievements - Yingmou Technology's Rodin model was showcased at GDC, capturing the attention of top game developers and leading to the successful application of 3D generation technology in mobile gaming [2]. - The company recently completed a multi-million dollar funding round led by BlueRun Ventures, with participation from ByteDance and Sequoia China, positioning it as a leading startup in the 3D large model sector [2]. - The research paper "CLAY" received nominations for best papers at SIGGRAPH, marking a significant milestone for the young team that has been focused on 3D research since its inception [2][3]. Group 2: Technological Innovations - Rodin Gen-2 has been upgraded to utilize a dataset of millions and billions of parameters, resulting in a qualitative leap in generation quality, including smoother geometric surfaces and reduced post-processing costs [6][9]. - The introduction of the "Bang to Parts" feature allows users to decompose generated models into smaller components, enhancing the controllability of 3D models and streamlining workflows in various applications [9][12]. - The model's ability to generate clean and clear 3D meshes reduces the need for extensive repairs in software like Blender and Unity, making it more production-ready [8]. Group 3: Industry Trends - Major companies are increasingly investing in 3D generation technologies, with Roblox open-sourcing CUBE 3D and ByteDance releasing Seed3D 1.0, indicating a growing trend in the industry [6]. - The demand for rapid and accurate 3D model generation is driving innovations, with Yingmou's technology achieving model generation speeds of under 10 seconds, catering to diverse industry needs [24]. - The team believes that 3D generation will play a crucial role in future applications, serving as a foundational technology for various sectors, including digital content creation, industrial design, and AR/VR interactions [29].

拓竹科技持续保持着其在消费级3D打印领域的强劲发展势头，今年推出了两款全新的3D打印机型号 ——H2D和H2S。在刚刚结束的京东、天猫双十一大促中，拓竹科技连续第三年夺得3D打印机类目销量 与销售额TOP 1。 9月，拓竹科技全球首家直营旗舰店在深圳湾万象城店开业，正式开启线下直营零售新篇章，以高端旗 舰店形式强化品牌与消费者的深度连接，这是在登顶全球消费级3D打印机市场后迈出的重要一步。 数据显示，目前以拓竹科技、创想三维等为代表的中国企业已占据全球入门级3D打印机九成以上市场 份额，标志着中国在该领域的绝对主导地位，未来增长潜力巨大！ 2025年10月，致力于桌面级多功能3D打印机的研发与销售的深圳快造科技有限公司(Snapmaker)宣布完 成B轮融资，由美团和高瓴创投等知名机构共同参与。值得关注的是，快造Snapmaker新推出的独立四 喷头3D打印机U1众筹超1.5亿元，创造品类全球记录。不仅彰显了市场对该企业产品的高度认可，也预 示着独立四喷头3D打印机在未来市场中的巨大潜力。 2025年8月，创想三维向港交所递交招股书。根据招股书，其计划通过上市募集资金以加强研发和拓展 海外市场。若此次成功上市 ...