A state-owned enterprise worth tens of billions in Zhuhai has invested in an AI "unicorn" in Shanghai.

One of the leading investors, Zhuhai Science and Technology Group, was officially launched in May this year. The current chairman, You Yang, has held important positions in Shanghai Caohejing High - tech Park and the Yangtze River Delta G60 Science and Technology Innovation Group.

AI infrastructure company Wuwen Xinqiong announced the completion of nearly 500 million yuan in Series A+ financing. The round was led by Zhuhai Science and Technology Group and Futeng Capital (Yuanchuang Future Fund), with follow - on investments from Huiyuan Capital, Shangqi Capital, and Honghui Fund. Existing shareholders such as Hongtai Fund, Fortune Capital, Shangshi Capital & Haitang Fund, Lenovo Capital and Incubator Group, Legend Capital, Shenwan Hongyuan, Xuhui Science and Technology Investment, and Yuanzhi Future continued to increase their stakes.

According to Venture Capital Daily, the funds raised in this round by Wuwen Xinqiong will be mainly invested in three directions. Firstly, to enhance the company's technology of software - hardware collaboration and multi - heterogeneous integration. Secondly, to promote the large - scale expansion of AI cloud products and AI terminal solutions in the industry. Thirdly, to increase R & D investment in agent infrastructure, build a first - class agent service platform and supporting cloud and terminal infrastructure, and accelerate the large - scale and inclusive application of agents in the digital and physical worlds.

One of the leading investors, Zhuhai Science and Technology Group, was officially launched in May this year. It was established by integrating two local state - owned enterprises in Zhuhai, Huafa and Gree, to promote the development of Zhuhai's science and technology industry. The current chairman, You Yang, has held important positions in Shanghai Caohejing High - tech Park and the Yangtze River Delta G60 Science and Technology Innovation Group.

Opportunities Still Exist in AI Infrastructure

At Alibaba's earnings conference call, Alibaba CEO Wu Yongming believes that it is unlikely for an AI bubble to occur in the next three years. Considering the strong demand from customers, Alibaba's previously proposed investment of 380 billion yuan in AI infrastructure may be on the low side.

AI infrastructure is also the direction targeted by Wuwen Xinqiong. Xia Lixue, the co - founder and CEO of the company, believes that the paradigm shift of Agentic AI presents a strategic opportunity. The strategic core of Wuwen Xinqiong is to build a new - generation learnable and evolvable Agentic Infra (infrastructure) to produce, coordinate, and serve agents (Into Agent, With Agent, For Agent).

Wuwen Xinqiong's current product solutions include the "Wuqiong AI Cloud" and the "Wuyin Terminal Intelligent Solution". Among them, the Wuqiong AI Cloud has managed over 25,000P of computing power nationwide, covering 53 core data centers in 26 cities. At the terminal, Wuwen Xinqiong has launched the world's first full - modality understanding model at the edge, the Wuqiong Tianquan (Infini - Megrez).

Venture Capital Daily learned that Wuwen Xinqiong's customers include enterprises such as Baichuan Intelligence, Kimi, Lenovo Group, Liepin, Li Auto, Lovart, Sand.ai, Shengshu Technology, Soul, VAST, New H3C, Zhipu, China Mobile, ZTE Terminal, as well as artificial intelligence scientific research institutions such as Beijing Zhongguancun College, Shanghai Artificial Intelligence Laboratory, Shanghai Algorithm Innovation Research Institute, Zhijiang Laboratory, and Beijing Academy of Artificial Intelligence.

Recently, Wuwen Xinqiong also released two agent products: the cloud - based infrastructure agent swarm Infra Agents driven by Agentic AI and the terminal general inference acceleration and optimization platform KernelMind, as well as supporting agent technologies such as the reinforcement learning framework RLinf that supports the continuous evolution of agents and the communication framework Cache to Cache that enables more efficient and lossless communication between agents.

Zhuhai's State - Owned Enterprise Worth Billions Leads the Investment, with a Chairman Transferred from Shanghai

Wuwen Xinqiong's nearly 500 million yuan Series A+ financing was led by Zhuhai Science and Technology Group and Futeng Capital (Yuanchuang Future Fund).

Venture Capital Daily noticed that Zhuhai Science and Technology Group was launched in May this year. It was established by integrating two local state - owned enterprises in Zhuhai, Huafa and Gree, to promote the development of Zhuhai's science and technology industry.

Zhuhai Science and Technology Group has a registered capital of 50 billion yuan and total assets of nearly 160 billion yuan. It holds controlling stakes in 7 listed companies such as Huajin Capital and is entrusted to manage state - owned enterprises such as Zhuhai Ocean Group. Its establishment is an important achievement of Zhuhai's new round of state - owned enterprise reform.

Data shows that the platforms under Zhuhai Science and Technology Group have invested in approximately 2,000 science and technology innovation enterprises in total, with nearly 200 of them being listed or having passed the listing review. Zhuhai Science and Technology Group has built an investment ecosystem covering the entire life cycle of enterprise development, including "mother funds + direct investment" and "angel + VC + PE", targeting core sectors such as semiconductors, artificial intelligence, new energy, and healthcare.

Notably, in October, the official website of the Zhuhai Municipal People's Government updated information indicating that You Yang has taken up the positions of Party Secretary and Chairman of Zhuhai Science and Technology Industry Group. You Yang, the new leader, was directly recruited by Zhuhai from Shanghai to serve as the main person - in - charge of a municipal state - owned enterprise.

Public information shows that You Yang was born in July 1979 and has held important positions in Shanghai Caohejing High - tech Park and the Yangtze River Delta G60 Science and Technology Innovation Group.

Since 2024, You Yang has led several research trips to Zhuhai to promote in - depth integration of enterprises in the two regions in terms of industrial chains, supply chains, and talent chains. At the Zhuhai Urban Industrial Development Partners Conference, he clearly stated that he would pilot in - depth cooperation between enterprises in the Yangtze River Delta and the Greater Bay Area.

As a local Shanghai AI unicorn, Wuwen Xinqiong, the invested company, will also have more cooperation with the Greater Bay Area in the future.

Liu Feihong, the Chief Investment Officer of Zhuhai Science and Technology Group, said that agent technology is leading artificial intelligence into a new development stage centered on autonomous perception and collaborative decision - making. The matching infrastructure capabilities will be the key support for its large - scale industrial implementation. Zhuhai Science and Technology Group will rely on the rich scenario resources of intelligent manufacturing and smart cities in the Guangdong - Hong Kong - Macao Greater Bay Area to jointly promote the closed - loop construction of the "technology - industry - application" of agents with Wuwen Xinqiong.

Special Statement: The content of this article is for reference only and does not constitute investment advice. Investors shall bear the risks of any operations based on this information.

This article is from the WeChat official account "Venture Capital Daily", author: Huang Xinyi, published by 36Kr with authorization.