① The Anhui Artificial Intelligence Themed Parent Fund announced the successful launch of the Beijing China Mobile Digital New Economy Industry Fund, a sub-fund with a total scale of 10 billion yuan; ② China Mobile Beijing Fund has become a “central and local cooperation” fund, focusing on artificial intelligence, communications industry chains, advanced computing, vehicle networking, industrial internet, etc.
“Science and Technology Innovation Board Daily”, April 2 (Reporter Yu Shiqi) Recently, the Anhui Artificial Intelligence Themed Parent Fund announced the successful launch of the Beijing China Mobile Digital New Economy Industry Fund, a sub-fund cooperating with China Mobile Capital Holdings Co., Ltd. and China State-owned Enterprise Structural Adjustment Fund Phase II and China Cultural Industry Investment Fund Phase II (China Foundation Foundation Fund Record Number SXG122), with a total size of 10 billion yuan.
The relevant person in charge of the Anhui Artificial Intelligence Themed Parent Fund Management Agency told the “Science and Technology Innovation Board Daily” reporter that the Beijing China Mobile Digital New Economy Industry Fund (hereinafter referred to as the “China Migration Beijing Fund”) was established in 2022. This cooperation is because the Anhui Artificial Intelligence Parent Fund recently invested 500 million yuan in it, becoming the fund's new LP.
This also means that the China Migration Beijing Fund has become a “central and local cooperation” fund, that is, a national parent fund and a local guidance fund cooperate to establish a sub-fund.
According to reports, the Anhui Artificial Intelligence Themed Parent Fund was successfully established in January 2023. It is the first themed parent fund approved by the Anhui Emerging Industry Guidance Fund. The parent fund is 6 billion yuan. Through the establishment of sub-funds and market-based direct investment, it attracts outstanding artificial intelligence talents and high-quality projects to land in Anhui, and aims to reach a total fund size of 30 billion yuan after 5 years.
According to CIFA Venture Capital Connect - Central China data, China Mobile Capital currently has pledged 5 billion yuan as the largest funder. The second phase of the National Investment Survey Fund and the second phase of the China Cultural Industry Fund have pledged 990 million yuan and 900 million yuan respectively, ranking the second and third largest investors. The Anhui Artificial Intelligence Parent Fund, which invested 500 million yuan, is ranked as the fourth largest funder along with the Beijing Chaoyang District Science and Technology Innovation Fund and the Beijing Economic and Information Technology Bureau's Industrial Development Promotion Center.
Among them, China Mobile Capital is a direct investment platform established by China Mobile in 2016. It relies on China Mobile's industrial resources to carry out equity investments, with a registered capital of 20 billion yuan. China Mobile also participated in the second phase of the China Cultural Industry Investment Fund. The fund was jointly initiated by the Propaganda Department of the CPC and the Ministry of Finance, with a target scale of 50 billion yuan and an initial scale of 31.71 billion yuan. China Mobile Capital is its third-largest shareholder, accounting for 9.46% of the shares.
The second National Survey Fund was approved by the State Council and commissioned by the State Assets Administration Commission. China Chengtong took the initiative to establish a number of parallel funds with local governments and central enterprises in a market-based manner, with a total scale of not less than 100 billion yuan.
The China Migration Beijing Fund, formed by several “big players,” is also quite aggressive. It has already launched 11 projects on major tracks focusing on artificial intelligence, the communications industry chain (including next-generation communications), advanced computing, the Internet of Vehicles, and the Industrial Internet. Among them, there is no shortage of star projects such as GPU chip design service provider Moore Thread, 5G small base station equipment company Bicocce Microelectronics, and industrial vision provider Zhongke Huiyuan.
The addition of the Anhui Artificial Intelligence Themed Parent Fund, while providing more ammunition to the China Migration Beijing Fund, also introduced state-owned capital from outside Beijing for the first time. The head of the relevant management agency said that by participating in this fund, they hope to introduce high-quality artificial intelligence industry projects to the Anhui region, especially the layout based on China Mobile's upstream and downstream industrial resources.
According to the data, China Mobile and its investment platform have now invested in more than 500 enterprises, with an investment scale of over 190 billion yuan and managed assets of more than 250 billion yuan.
Open China Mobile's investment map to see companies such as Xiaomi, iFLYTEK, SPD Bank, Qingniu Software, and Phoenix TV. Over the past three years, China Mobile's investment style has become more diverse, and it has successively invested in many hard technology companies. According to CIFA Venture Capital Connect data, it has participated in companies such as Open Source China, the developer team collaboration platform Open Source China, the fourth paradigm of AI companies, power battery honeycomb energy, and cloud computing service provider hyperfusion.