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National AI Industry Investment Fund

Pure DeepTechShanghai, ChinaActive
Stage FocusPre-Seed, Seed, Series A
GeographyChina
TypeGovernment
Last Activity2025
Industry Focus
Industries
AIRoboticsSemiconductorsQuantum
Technical BenchStrong
Investor TypeGovernment Fund
ExposureMostly DeepTech Investments
Bio

The National AI Industry Investment Fund is China's massive state-backed AI fund, launched in January 2025 with RMB 60.06B ($8.21B). It operates as a joint venture between Guozhi Investment (Shanghai) and China IC Industry Investment Fund Phase III, with a single LP: the National Big Fund Phase III backed by 19 state stakeholders including the Ministry of Finance and 6 major state banks.

The fund...

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