新京报贝壳财经：2026年，海天瑞声在业绩增长、产品创新、业务线等方面有何战略发展目标？ 张哲：展望2026年，我们的战略发展目标将继续紧密围绕成为"全球领先的AI数据基础设施提供者"这一 核心愿景展开。 在业绩增长上，我们将在巩固全球科技巨头的核心数据供应商地位的同时，重点拓展在具身智能、智慧 文旅、智慧医疗等关键垂直行业的市场布局，使来自战略性新兴垂直场景的收入成为公司增长的第二曲 线。 我们将从"深化'AI+产业'新场景"及"激活数据要素潜能"两方面推进落实中央经济工作会议提出因地制 宜发展新质生产力等要求。 官网显示，深耕行业近20年的北京海天瑞声科技股份有限公司（即"海天瑞声"，688787.SH）是我国最 早从事AI训练数据解决方案的提供商之一，也是一家国家级专精特新"小巨人"企业。 对于海天瑞声而言，针对中央经济工作会议提出的议题会有哪些具体举措？2026年公司又将有哪些战略 发展目标？新京报贝壳财经记者就此采访了公司董事会秘书张哲。 新京报贝壳财经：中央经济工作会议提出因地制宜发展新质生产力等要求，具体到海天瑞声会有哪些具 体举措？ 张哲：我们作为AI训练数据领域的核心企业，深刻理解发展新质生 ...

Core Viewpoint - Alibaba has recently participated as a limited partner (LP) in a new fund focused on early-stage projects from universities, particularly Tsinghua University, indicating a strategic shift towards investing in innovative technology sources [4][10][11]. Fund Details - The newly established fund, "Wuxian Qihang Haihe (Tianjin) Venture Capital Partnership," has a total investment amount of 140 million yuan (approximately 21 million USD) and focuses on equity investment, venture capital, and investment management [6][10]. - The LP consortium includes notable investors such as Tianjin Tiankai Jiu'an Haihe Haitang Equity Investment Fund, Alibaba, Sequoia Yuhui (Xiamen), and Beijing Haitiansheng Technology Co., Ltd., among others [6][8]. Investment Strategy - Alibaba's involvement as an LP is seen as a move to collaborate with universities and target the source of technological innovation [11][14]. - The fund's execution partner, "Wuxian Tansuo," is closely linked to Tsinghua University and has a history of investing in early-stage projects, particularly those emerging from Tsinghua's ecosystem [10][12]. Market Context - The participation of market-oriented LPs like Alibaba is crucial for revitalizing the venture capital (VC) and private equity (PE) markets, which have faced challenges due to a decline in traditional LP contributions [13][14]. - There has been a noticeable trend of listed companies becoming LPs, with over 70 companies participating in the establishment of industry funds this year alone, reflecting a growing interest in collaborating with academic institutions to leverage innovative technologies [13][14]. Implications for GPs - For general partners (GPs), partnering with university resources presents a new avenue for growth and investment opportunities, particularly in cutting-edge technology sectors such as AI and robotics [15].