Fan Cheng IFLYTEK plans to set up an artificial intelligence venture capital fund to accelerate
Published on:2020-04-22
On April 22, 2020, iFLYTEK (002230, Guba) Co., Ltd. (hereinafter referred to as "iFLYTEK" and "the company") announced that the company planned to cooperate with the general partner Tianjin Kexun Haihe technology partnership (limited partnership) (hereinafter referred to as "Kexun Haihe"), the limited partner Tianjin Haihe industry fund partnership (limited partnership) Fuzhou Tengyun Strait equity investment partnership (limited partnership) jointly funded the establishment of iFLYTEK Haihe (Tianjin) artificial intelligence venture capital fund partnership (limited partnership) (subject to the name approved by the industry and Commerce) (hereinafter referred to as the "fund"). IFLYTEK plans to invest 150 million yuan with its own funds as the limited partner of the fund, accounting for 25% of the total subscribed capital of the fund; Anhui Xunfei yunchuang Technology Co., Ltd. (hereinafter referred to as "Xunfei yunchuang"), a wholly-owned subsidiary of the company, as one of the limited partners, invested 5 million yuan in Kexun Haihe. The manager of the fund and the general partner of Kexun Haihe are both Hefei Kexun venture capital management partnership (limited partnership) (hereinafter referred to as "Hefei Kexun"). Hefei Kexun is a private equity fund manager registered by China securities investment fund industry association with the registration number of p1069150.
The announcement pointed out that with the fifth wave of IT industry development, the era of artificial intelligence characterized by the interconnection of all things and intelligence is coming. At present, the development of artificial intelligence industry has entered the application value cashing period. IFLYTEKs breakthrough in various key technologies of artificial intelligence is inseparable from the landing in various specific application scenarios. On the one hand, the company needs its own continuous investment to make continuous efforts in education, finance, medical treatment, vehicle and other fields to expand the coverage of artificial intelligence technology. On the other hand, it needs to strengthen the layout in the subdivided fields and forward-looking directions that have not been covered by the company but have large-scale application prospects through investment. Through cooperation with professional institutions, the company can leverage more funds and resources for the investment layout of artificial intelligence industry by making use of the investment management experience of professional institutions and the industrial resource advantages of other limited partners, disperse and reduce investment risks, promote the deep integration of artificial intelligence technology with various industries, and accelerate the construction of artificial intelligence technology application ecosystem, Expand the market share of the companys core technology.
Equity investment funds have the characteristics of long investment cycle and low liquidity, and relevant investments will face a long payback period; In addition, the investment process will be affected by many factors, such as macro-economy, industry cycle, operation and management of the investment target company, trading scheme and so on, and may face the risk of investment benefit not reaching the expectation or fund loss. There may also be some uncertainty in the process of finding candidate investment targets for equity investment funds, which may lead to the potential risk that the investment period of the fund may be moderately prolonged. In view of the above potential risks, the company, together with other partners, will cooperate with the general partner in the excavation, screening, project establishment, investment implementation and post investment supervision of investment projects on the basis of giving full play to the rich experience of all partners in project sources, investment evaluation and operation management, and empower the investment projects through technological and industrial ecological advantages, While promoting iFLYTEKs ecological construction, promote the development of invested enterprises and reasonably reduce potential risks.
It is reported that this investment is consistent with the companys "indomitable" industrial development strategy, which is conducive to the company to strengthen exchanges with the development of cutting-edge technologies and industrial applications at home and abroad, maintain the companys core technology always in the international leadership, promote the in-depth integration and extensive implementation of AI applications in various industries, and expand the companys investment layout in AI related industries at home and abroad, Accelerate the cultivation of the companys industrial ecology. (Liu Yunfeng)
The announcement pointed out that with the fifth wave of IT industry development, the era of artificial intelligence characterized by the interconnection of all things and intelligence is coming. At present, the development of artificial intelligence industry has entered the application value cashing period. IFLYTEKs breakthrough in various key technologies of artificial intelligence is inseparable from the landing in various specific application scenarios. On the one hand, the company needs its own continuous investment to make continuous efforts in education, finance, medical treatment, vehicle and other fields to expand the coverage of artificial intelligence technology. On the other hand, it needs to strengthen the layout in the subdivided fields and forward-looking directions that have not been covered by the company but have large-scale application prospects through investment. Through cooperation with professional institutions, the company can leverage more funds and resources for the investment layout of artificial intelligence industry by making use of the investment management experience of professional institutions and the industrial resource advantages of other limited partners, disperse and reduce investment risks, promote the deep integration of artificial intelligence technology with various industries, and accelerate the construction of artificial intelligence technology application ecosystem, Expand the market share of the companys core technology.
Equity investment funds have the characteristics of long investment cycle and low liquidity, and relevant investments will face a long payback period; In addition, the investment process will be affected by many factors, such as macro-economy, industry cycle, operation and management of the investment target company, trading scheme and so on, and may face the risk of investment benefit not reaching the expectation or fund loss. There may also be some uncertainty in the process of finding candidate investment targets for equity investment funds, which may lead to the potential risk that the investment period of the fund may be moderately prolonged. In view of the above potential risks, the company, together with other partners, will cooperate with the general partner in the excavation, screening, project establishment, investment implementation and post investment supervision of investment projects on the basis of giving full play to the rich experience of all partners in project sources, investment evaluation and operation management, and empower the investment projects through technological and industrial ecological advantages, While promoting iFLYTEKs ecological construction, promote the development of invested enterprises and reasonably reduce potential risks.
It is reported that this investment is consistent with the companys "indomitable" industrial development strategy, which is conducive to the company to strengthen exchanges with the development of cutting-edge technologies and industrial applications at home and abroad, maintain the companys core technology always in the international leadership, promote the in-depth integration and extensive implementation of AI applications in various industries, and expand the companys investment layout in AI related industries at home and abroad, Accelerate the cultivation of the companys industrial ecology. (Liu Yunfeng)
