🔥36氪•Apr 29, 2026Stalecollected in 12m

20th China Investment Meet Tackles K-Curve Split

💡VC insights on AI funding boom vs. K-curve traps in China's $tril market

⚡ 30-Second TL;DR

What Changed

K-type divergence: AI/chips/biotech booming while 70% legacy projects stall

Why It Matters

Signals concentrated VC flows to AI/hard tech, pressuring non-core startups. Boosts confidence in China's tech investment amid policy support.

What To Do Next

Review Qiming Venture's AI investment thesis for your hard tech pitch deck.

Who should care:Founders & Product Leaders

•K-type divergence: AI/chips/biotech booming while 70% legacy projects stall
•Qiming Venture highlights AI as 30-50 year revolution, steady investments from large models to embodied AI
•Calls for better LP/GP mechanisms, patience capital, and M&A exits in hard tech
•Over 1,000 attendees including top VCs like Polar Light, Zhongke Chuangxing

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