36Kr Unveils the 2025 List of China's "Top Ten Future Industries" and "Most Influential" Industrial Investment Institutions

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Produced by | 36Kr Venture Capital Research Institute

In 2025, China and the world at large are standing at a crucial juncture of a new round of "industrial revolution driven by both technology and capital." Industrial investors have entered a new historical cycle of promoting the process of "technological innovation and industrial implementation" — Future industrial sectors such as embodied intelligence, artificial intelligence, advanced manufacturing, and life sciences have attracted front - line layouts from national funds, industrial giants to market - oriented investors.

For example, in the field of the embodied intelligence industry, embodied intelligence enterprises represented by Unitree, Zhipu, and Galaxy Universal have received unprecedented attention and investment.

We have observed that: The national teams have entered the market in large strides. Beijing Zhongguancun Science City, Shoucheng Holdings, and Guokai Kechuang participated in the latest round of financing of Galaxy Universal Robotics. Shanghai state - owned assets not only entered Galaxy Universal in 2024 but also repeatedly invested in Zhipu Robotics. Internet giants and traditional manufacturing giants have also crossed - borderly laid out. Meituan invested in Galaxy Universal, Unitree Technology, and Xinghaitu; CATL invested in Galaxy Universal Robotics; BYD and TCL Venture Capital are both investors in Zhipu Robotics.

Perhaps the most notable force is those market - oriented institutions that were the first to enter the embodied intelligence industry. Behind Zhipu Robotics, we can see the presence of institutions such as Hillhouse Capital, CDH Investments, BlueRun Ventures, and Sequoia China, which made early investments and accompanied the company for a long - term and increased their stakes. On the list of early investors in Unitree Technology, Source Code Capital, Sequoia China, Shunwei Capital, and Vertex Ventures all appear multiple times. Matrix Partners, BlueRun Ventures, Qiming Venture Partners, Source Code Capital, etc., are regular guests before Galaxy Universal's Series A financing.

According to relevant data, in the first half of this year, there were 144 financing events in the domestic embodied intelligence industry chain, with a total financing amount of up to 19.5 billion yuan and an average single - financing scale of 135 million yuan. Undoubtedly, the financing volume of the embodied intelligence industry is further expanding, and the financing pace is further accelerating. Similar to the embodied intelligence industry, in every "future industry full of technological innovation", the pace of change has never stopped, and changes are taking place vigorously and quietly.

Against this background, the 36Kr Venture Capital Research Institute relies on its self - built "36Kr Equity Investment Information Website - Online Research System" to collect and research multi - dimensional evaluation indicators of investment institutions, such as funds, projects, and transactions (including the overall management scale of the institution, the amount/number of raised funds, the amount/number of investment projects focused on a specific industry, industry concentration, project development and financing performance, project exit returns, etc. For the specific evaluation method, please refer to 36Kr List Selection Criteria).

After two months of research and evaluation, we finally compiled the 2025 Annual Roster of Chinese Industrial Investors — They are making leaps on the field of industrial investment, adhering to patience and vision, and injecting the strongest impetus into future industries with practical actions.

Here is the full list of "China's Most Influential Industrial Investment Institutions":

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Here is the full list of "Top 10 Chinese Future - Oriented Industrial Investment Institutions", including 230 notable industrial investment institutions in the fields of embodied intelligence, artificial intelligence, advanced manufacturing, new - quality productivity, semiconductors/integrated circuits, new energy, new materials, new consumption, life sciences, and aerospace industries.

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Here is the full list of "Top 10 Chinese Future - Oriented Industrial Investors", including 225 active industrial investors in the fields of embodied intelligence, artificial intelligence, advanced manufacturing, new - quality productivity, semiconductors/integrated circuits, new energy, new materials, new consumption, life sciences, and aerospace industries.

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