The "New Era" of China's Venture Capital: What new perspectives will the investment tycoons and young entrepreneurs have? | WAVES New Wave 2025
A new beginning, new people.
From June 11th to 12th, the 36Kr WAVES New Wave 2025 Conference was successfully held at the Liangzhu Culture and Art Center in Hangzhou. Under the theme of "New Era", this conference set up an "Investor Venue", an "Entrepreneur Venue", and an open mic session called "The Night of the Post-00s". It gathered top investors in the venture capital field, founders of emerging enterprises, as well as scientists, creators, and scholars deeply involved in technology, innovation, and business. They discussed cutting-edge topics such as AI technological innovation, the wave of globalization, and value reevaluation, dissected the business ideals and the future world in their eyes, and jointly explored, searched for, and moved towards the "New Era" of Chinese venture capital.
Feng Dagang, the CEO of 36Kr, said in his opening speech: "In 2025, a new cycle is beginning, and the core of this new cycle is 'the rise of the new generation of forces'. History tells us that when industries change and the landscape is reshaped, young entrepreneurs will have the opportunity and possibility to break through the barriers of industry giants. The new things they create are truly subverting the world, and 36Kr will always stand with these new entrepreneurs." Li Wei, the founding partner of Songhe Capital, frankly stated in the peak dialogue "Thirty Years of Chinese Venture Capital": "The government should support technology and innovation. State-owned enterprises should be further liberalized. I take this opportunity to appeal that the most correct thing is to let everyone act in accordance with market rules. There will be both profits and losses. Those who make profits should be rewarded, and as long as there is no malicious or illegal behavior in case of losses, it should be tolerated. As true bold capital, it should truly tolerate. Only by truly relaxing this point can our economy develop continuously." There were also well - known guests from renowned investment institutions such as ZhenFund, Zhongdeng Capital, Puhua Capital, Jiuhe Ventures, Oasis Capital, and Sequoia China. Together with young entrepreneurs, they shared their understanding and insights into industry trends as Chinese venture capital ushers in the "New Era" through round - table discussions and in - depth speeches.
Here are the golden quotes from the guests at the WAVES New Wave 2025:
