Fundraising Events - Ascendx Cloud completed a strategic financing round of $110 million, aimed at optimizing product features and expanding global market presence[6] - Lighthouse Founders' Fund raised over $50 million, focusing on early-stage investments in AI and frontier technology[3] - Xiangfeng's second angel fund raised over 500 million RMB, targeting early-stage projects in hard technology and medical technology[5] Market Trends - A total of 21 financing events were disclosed on May 20, with 14 domestic and 7 foreign companies, raising approximately 3.215 billion RMB[3] - Sichuan Province aims to establish 500 private equity and venture capital management institutions by the end of 2030, with a target fund management scale of 400 billion RMB[10] - Zhongwu Industrial Operations secured 500 million RMB in Series A financing to enhance its agricultural supply chain efficiency[8]