CNBC’S The China Connection Bementter: From Didi to Deepseek

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This is the result Dishes AI DeepseekIn combination with the living The market IPO HONG KONG on the track to surpass Wall -Rate this year The world’s largest money raised. Beijing’s signals in support of businesses have also helped in recent months.

So far, this year’s rise in the Hang Seng index more than 20% reflects the closest optimism. Another sign comes from the words of Chinese venture firms that again raise funds designed in dollars, again, After the dry spell in which I have needed the VC Contact local investors with Chinese Yuan funds.

Bai capital, based in Beijing, said in February began to raise a new fund of $ 800 million and plans to close the original round in September. The firm is supported by the German World Media -Conglamet Bertelsmann Group.

Bai said he saw a “strong interest” for the fund designed in the US, which he will use for investment in the company based in China. To date, the firm has already invested in 10 companies that are planning to enter the public in the next one or two years.

Future Capital Discovery Fund, Early Beker Startup with High Electric Templates Lee the carHe told me that in the second half of last year he raised a record 210 million per flagship flagship appointed in dollars.

“Once the fundraising window appears, we must quickly take advantage of the opportunity to raise funds,” said the Chinese-based Huang, a founding partner in Beijing Future Capital, translated by CNBC. “This is very different from many years of US dollars from the market every few years.”

“Now we must be very sensitive to macro -tendencies, especially in the direction of relations between major economies,” he said. The firm, which counts investors, including sovereign funds and gifts from the Middle East, USA, Europe, Japan and Southeast Asia, plans to deploy capital for II and equipment agents.

But for several years for China and their limited partners were several years.

In the world, the VC firm raises money from a number of “limited partners” that include sovereign wealth funds, pension funds, university funds and family institutions. Paying for the Foundation’s management, VC chooses startups to return, reaping from the IPO companies that are shared with the disabilities.

Falling around a Chinese company that is engaged in the “New York” Didi Ipo in June 2021On the eve of 100 Chinese Communist Party^you anniversary – despite several Warnings from Beijing About Data Violations – did not sit well with the regulators on both sides of the ocean. Didi was supported by a long list of famous investors in many financing rounds, including . and the capital Sequoia.

Later China will raise the bar for its companies who want to list abroad, and Washington scored control over the US capital, which is heading to China, weakening the fundraising activity, especially for Cross -border investments.

Specifically, the capital Sequoia China share from US parents in 2023 and rebranding under HSG. He did not respond to a request for his latest fundraising plans for US dollars. Other LCDs that have unscrewed or restructured Chinese weapons include GGV Capital, which became an asia granite, and a California matrix that repaired its Chinese operations as MPCI last year.

The company has become a quiet force on the Internet in China. In addition to having a popular Chinese equivalent ticket called Douyin – which surpassed Jd.com Last year to Become the second largest e -commerce platform on gross sales – Bytedance also developed a popular AI Chatbot called Doubao as well as AI AI platform.

SE noted that for such technological investments as AI and robotics, the necessary resources and capital are huge, which makes smaller startups. Buying stocks at a big company, such as Byton, with different products, essentially the purchase of the AI Exchange Fund, she said.

For example, Tencent not only develops its own models and AI applications, but also investing in AI startups. Last year he reported almost five times profits from his business partners and joint ventures, increasing from 5.8 billion yuan to 25.2 billion yuan In 12 months, the company said on the annual report.

The question is how long these LCDs and their limited partners can be delighted. Last week, Hong Kong Stock Exchange proudly announced its A busy day to launch IPO and ETF to date: With six gongs on stage.

Mainland and Hong Kong action are mixed on Wednesday amid ambiguous trading in the region as investors evaluated the US president Donald TrumpA statement on what has reached a previous trading transaction with Indonesia.

Mainland Chinese CSI 300 decreased by 0.35%and Hong Kong Hang the Index . To date, the mainland show is 1.8%, the LSEG data has been shown.