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Sequoia, IDG, Weiqiao: The ultimate stones on the shoulders of perspective giants

Sequoia, IDG, Weiqiao: The ultimate stones on the shoulders of perspective giants

Looking at the new wave of new car-making forces, who will become the next unicorn to rival Wei Xiaoli? Many private equity and venture capital institutions voted for Jishi Auto with real money.

Since its establishment in 2021, Jishi Automobile has successively won top global investments such as Coatue, IDG Capital, Tencent, Sequoia Capital, Lightspeed China, Xianghe Capital, Gaorong Capital, Cloud Nine Capital, Qiming Venture Capital, and Northern Light Venture Capital. Investments from well-known institutions.

Friends in the venture capital circle will be familiar with these shining names. As the most successful unicorn investment institution in China, Sequoia China has accumulated more than 300 billion yuan in funds under management and has invested in more than 1,000 companies with distinctive technical features, innovative business models, and high-end capabilities in the three major fields of technology, consumption, and medical health. Enterprises with growth potential and high development potential. Behind these bright listed companies such as Sina,, Meituan, Vipshop, 360, etc., there are real money investments from Red Shirt China.

IDG Capital is also well known. As the earliest private equity investment institution rooted in China, IDG’s list of invested companies includes today’s Internet giants such as Tencent, Baidu, and Bilibili, as well as leading smart electric vehicles such as Weilai and Xpeng. enterprise.

In addition to investment institutions, Jishi Automobile has also attracted strategic investment from Weiqiao Entrepreneurship Group, the largest private enterprise in Shandong. Weiqiao Entrepreneurship Group was founded in 1951. It is a large-scale enterprise integrating textile, dyeing and finishing, clothing, home textiles, thermoelectricity and other industries. It is known as the “World Aluminum King” and has been selected into the Fortune Global 500 for 12 consecutive years and 13 consecutive years. It has consistently ranked first among the top 100 private enterprises in Shandong.

In September 2023, Jishi Automobile officially announced that it had received a strategic investment of US$1 billion from Weiqiao Entrepreneurship Group. In addition to its strong financial strength, Weiqiao Entrepreneurship Group’s complete aluminum production and fine processing industry chain will also help Jishi Automobile continue to strengthen its competitiveness in fields such as advanced manufacturing and lightweight materials.

Investing is a two-way street. It is precisely by relying on precise demand insights, clear product definitions and down-to-earth pragmatic development that Jishi Automobile has been able to gain the favor of many capitals in less than three years. Standing on the shoulders of giants gives Jishi Automobile more confidence to see farther and walk more steadily.

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