@seclink: China Reality: The current investment theme has fully shifted from light-asset internet/software (SaaS) to heavy-asset 'hard tech' (such as semiconductors, new energy, new materials, advanced manufacturing). Excellent founders in these tracks are typically university professors, research institute leaders, or executives from big tech companies.
Summary
China's investment theme has shifted from light-asset internet/software to heavy-asset hard tech, such as semiconductors, new energy, new materials, and advanced manufacturing. Excellent founders are mostly university professors, research leaders, or executives from big tech companies. Meanwhile, as a representative of the ultra-early accelerator+fund model, the logic and bottlenecks of MiraclePlus are important samples for observing China's early-stage investment ecosystem.
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Cached at: 05/30/26, 08:47 PM
China’s reality: The current investment theme has fully shifted from asset-light internet/software (SaaS) to heavy-asset “hard tech” (e.g., semiconductors, new energy, new materials, advanced manufacturing).
Outstanding founders in these tracks are usually university professors, research institute leaders, or executives from big tech companies.
Y11 (@seclink): From the professional perspective of venture capital (VC), Miracle Plus, as a representative of the distinctive “ultra-early-stage accelerator + fund” model in China’s VC market, its underlying logic, investment style, as well as the bottlenecks and systemic issues encountered in its development, serve as an important sample for observing the evolution of China’s early-stage investment ecosystem.
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