China Market Weekly Update

2025/03/31 - 2025/04/06

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Weekly Newsletter

Weekly Investment Overview

Total Investment Events
139
Total Transaction Value
¥118.5B
Largest Transaction
¥11.5B

This week, a total of 139 investment events occurred in the market, involving a total transaction value of RMB 118.499 billion, covering various domains such as fundraising, investment, IPOs, and mergers & acquisitions. The most significant transaction was executed by Sila Group, acquiring a 10% stake in Shenzhen Yiwang Intelligent Technology Co., Ltd.

Industry Distribution
Regional Distribution
Key Projects
Category Details Value
Fundraising Military-Civilian Integration Industry Fund Phase II ¥59.6B
Investment Shanghai Yaoxiu Biotechnology in Shanghai Kaisen Biotechnology ¥5.9B
M&A Sila Group acquiring stake in Yiwang Intelligent ¥11.5B
IPO Shouhang New Energy ¥487M

Analysis: The market this week was strongly driven by the new energy and smart hardware sectors, reflecting sustained interest from both foreign and domestic investors in emerging technologies, promoting industry consolidation and technological interaction.

Key findings include:

  • Significant fundraising activity with 73 newly registered funds totaling ¥93.7 billion
  • Strong M&A activity in the smart automotive technology sector
  • Regional concentration in Guangdong (16.7%), Jiangsu (15.2%), and Zhejiang (13.6%) provinces
  • Continued interest in biotechnology services market with substantial investments

China Market & Policy Weekly Update

Tariff on US Goods
34%
New Policies Released
2
Sectors Affected
4+

This week, significant changes occurred in China's market policies and industry, focusing primarily on trade policy, technological innovation, industrial transformation, and fiscal policy.

Trade Policy Updates: The trade friction between China and the United States has intensified, with China announcing a 34% tariff on certain American goods and initiating an anti-dumping investigation into medical CT tubes and other products. These measures respond to recent U.S. trade policies, potentially leading to increased costs for American goods in the Chinese market and creating demand for alternative suppliers.

Technological Innovation Support: Policy support for brain-computer interface technology has emerged, with the Hubei Provincial Medical Insurance Bureau releasing the country's first pricing standard for brain-computer interface medical services. This clarifies fee standards for both invasive and non-invasive technologies, promoting clinical applications and providing clear market guidance for related enterprises.

Policy Focus Areas
Key Policy Impact Sectors
Policy Highlights

Weekly Tech News

This week, the Chinese market has demonstrated significant changes across various aspects, including technological innovation, market dynamics, and policy impacts.

Highlights of technology and product innovation are abundant: breakthroughs in AI technology continue to emerge, with DeepSeek's launch signaling a new phase in AI competition. Baidu has introduced an end-to-end voice language model based on Cross-Attention, reducing the cost of voice Q&A by 90%. Zhiyuan Robotics announced a collaboration with an international company to advance embodied intelligence technology.

Meanwhile, Yushu Technology released its dexterous hand product, Unitree Dex5, enhancing human-machine interaction capabilities. Dalu Robotics launched the 58-joint humanoid robot, Ginger 2.0, and is actively promoting commercial delivery. The University of Science and Technology of China (USTC) collaborated with Huawei to introduce a generative recommendation model deployable on the domestically produced Ascend NPU. The Hong Kong University of Science and Technology proposed a new algorithm, Falcon, to improve social navigation capabilities for robots, while Huida Gene showcased the latest achievements in CRISPR gene editing and RNA-targeted therapies.

Trending Tech Keywords

AI Robotics GeneTherapy DeepSeek Baidu Huawei CRISPR SmartDriving USTC RecommendationSystem DeepLearning GeneEditing Xiaomi humanoidrobots Tesla Musk SmartTransportation Lidar ChineseAutoMarket ReinforcementLearning OpenSource RISC-V

Selected News

6th April 2025
USTC and Huawei launched a generative recommendation model that can be deployed on the domestic Ascend NPU. The model demonstrates excellent performance in multi-scenario recommendation systems, revealing new trends in generative recommendations.
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6th April 2025
Nanning, Guangxi, has implemented the "Traffic Network Prophet" smart transportation model, achieving leading accuracy in predicting traffic peaks. This system utilizes AI technology for proactive traffic management scheduling, enhancing diversion efficiency.
Reference
5th April 2025
Meta announced the launch of high-end smart glasses by the end of the year, while Beijing Yueliang Technology introduced a new generation of CRAF intelligent collaborative robots. Meta is entering the smart wearable device market, and Yueliang Technology showcased new achievements in smart manufacturing.
Reference
4th April 2025
Suteng Juchuang and Hesai Technology lead the Chinese lidar market, with Suteng Juchuang achieving a market share of 33.5%. Lidar technology is widely applied in China's automotive and robotics sectors, driving rapid development of related enterprises.
Reference
4th April 2025
Li Auto launched a vehicle version of the DeepSeek reasoning model to provide a personalized user experience. The model conducts in-depth analysis based on user needs, enhancing the smart driving experience.
Reference
4th April 2025
Doubao upgraded its text-to-image function, excelling in Chinese text generation. The new model, Seedream 2.0, improves the accuracy and flexibility of text rendering.
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4th April 2025
Huawei introduced the GTS-LUM AI algorithm, enhancing user behavior modeling capabilities in the telecommunications industry. This algorithm excels in user behavior prediction and multi-hop analysis, significantly outperforming solutions from Meta and ByteDance.
Reference
3rd April 2025
Xinnian Medicine's AAV gene therapy for Hemophilia B has been approved for market launch. This is the first domestically produced AAV gene therapy, marking a significant breakthrough for China in the field of gene therapy.
Reference
2nd April 2025
Yuewei Medical completed a series A++ financing of tens of millions of yuan, focusing on the development of cardiovascular medical devices. This round of financing will be used for the research and market promotion of new medical devices, promoting the development of minimally invasive medical devices.
Reference
1st April 2025
Ruisi Xinke released China's first fully self-developed high-performance RISC-V server CPU—the Lingyu processor. This processor, based on the RISC-V architecture, matches the performance of mainstream international server chips, aiding the development of the domestic computing ecosystem.
Reference

Weekly Market & Policy News

6th Apr 2025
The Chinese government announced a 34% tariff on certain American goods and initiated an anti-dumping investigation into medical CT tubes and other products. These measures aim to respond to recent U.S. trade policies, increasing the cost of American goods in the Chinese market and potentially leading to a rise in demand for market alternatives.
Reference
5th Apr 2025
The Hubei Provincial Medical Insurance Bureau released the country's first pricing standard for brain-computer interface medical services, clarifying the fee standards for invasive and non-invasive brain-computer interfaces to promote clinical application of the technology. This will facilitate the promotion and application of brain-computer interface technology in the medical field, providing clear market guidance for related enterprises.
Reference
4th Apr 2025
The draft amendment of the Cybersecurity Law of the People's Republic of China has been published, focusing on increasing penalties for cybersecurity violations. The revision will enhance compliance awareness among network operators, optimize the cybersecurity review system, and impose higher compliance requirements on foreign enterprises operating in China.
Reference
3rd Apr 2025
The National Data Administration and the State-owned Assets Supervision and Administration Commission jointly released an action plan to enhance data efficiency in state-owned enterprises, emphasizing the development and utilization of data resources. This policy will promote data sharing and collaborative use in key areas such as energy and transportation, facilitating industrial transformation and providing opportunities for foreign enterprises to participate in relevant industry cooperation.
Reference
2nd Apr 2025
The National Development and Reform Commission and five other departments issued an action plan to promote high-quality development in the heat pump industry, with a goal of improving the energy efficiency of heat pump products by over 20% by 2030. Policy support will accelerate the application of heat pump technology in construction, industry, and agriculture, driving technological innovation and green development in the industry, thereby bringing market opportunities for foreign enterprises.
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