Lenovo Capital and Incubator Group Competes for Seven Awards at the IC Fengyun List with the CVC 2.0 Model

【Editor's Note】As an annual benchmark event in the semiconductor industry, the 8th IC Fengyun List is positioned at a critical window for industrial technology iteration and domestic substitution. This year's list has been fully upgraded, featuring 70 heavyweight awards covering eight core fields including AI, embodied intelligence, and smart vehicles, with multiple special awards newly added and optimized. The judging panel is composed of over 100 semiconductor investment alliance units and 500+ industry CEOs. The list of winners will be announced at the 2027 Semiconductor Investment Annual Conference Gala, dedicated to identifying industry benchmarks and establishing models of industry innovation.

【Candidate Enterprise】Lenovo Capital and Incubator Group (hereinafter referred to as: Lenovo Capital and Incubator Group, LCIG)

【Candidate Awards】Annual Best Investment Institution Award, Annual Best Industrial Investment Institution Award, Annual Best Industry Investment Institution Award (AI Category), Annual Best Industry Investment Institution Award (Embodied Intelligence), Annual Best Industry Investment Institution Award (Equipment and Materials), Annual Best Investor Award, Annual Best Industrial Investor Award

【Candidates】Wang Guangxi, Vice President of Lenovo Group and Managing Partner of Lenovo Capital and Incubator Group (Annual Best Investor); Song Chunyu, Vice President of Lenovo Group, Chief Investment Officer and Senior Partner of Lenovo Capital and Incubator Group (Annual Best Industrial Investor)

At a time when investment in the technology industry is increasingly becoming a key force driving the implementation of cutting-edge technologies and industrial upgrading, how to deeply integrate industrial resources with capital power tests the strategic resolve and ecosystem capabilities of every investment institution. Since its establishment in 2016, Lenovo Capital and Incubator Group has relied on Lenovo Group's global resources and used investment and incubation as means to lay out the future of technology.

As a global technology industry fund under Lenovo Group, Lenovo Capital and Incubator Group focuses on technology industry investment, with main investment directions including AI and industry applications, computing power software and hardware, embodied intelligence, smart healthcare, advanced manufacturing, and new energy. Currently, Lenovo Capital and Incubator Group has invested in more than 30 outstanding enterprises, including 27 IPO companies such as CATL, Meituan, NIO, SmartSens, and Supcon, while also incubating more than 10 subsidiaries and innovative businesses such as SHAREit, Lenovo Connect, Lenovo Cloud Technology, and Liansheng Zhida. Its current assets under management amount to 33 billion yuan.

In terms of investment model, Lenovo Capital and Incubator Group adopts the innovative CVC 2.0 model, fully leveraging Lenovo's global brand, channels, supply chain and other industrial advantages to build a bridge for business cooperation between portfolio companies and Lenovo Group, promote the implementation of cutting-edge technology in industry, and build an ecosystem win-win system featuring complementary advantages and close linkage, setting a clear benchmark in the field of technology industry investment.

In terms of investment layout, Lenovo Capital and Incubator Group remains active. This year (2025.10—2026.12), it completed a total of 83 investment projects, including 33 specialized, refined, distinctive and innovative projects, with representative projects including Kling, StepFun, Yuanli Lingji, and DP Technology. In the semiconductor field, 3 projects have filed for listing/IPO, including Moore Threads, OnMicro, and MetaX, which are respectively deeply engaged in the domestic GPU and RF front-end chip tracks. The concentrated filings confirm Lenovo Capital and Incubator Group's forward-looking layout in key semiconductor segments and mark that its investment portfolio is accelerating into a harvest period, with capital channels continuously opening up.

This time, Lenovo Capital and Incubator Group is competing for the IC Fengyun List's Annual Best Investment Institution Award, Annual Best Industrial Investment Institution Award, Annual Best Industry Investment Institution Award (AI Category), Annual Best Industry Investment Institution Award (Embodied Intelligence), Annual Best Industry Investment Institution Award (Equipment and Materials), Annual Best Investor Award, and Annual Best Industrial Investor Award, and has become a candidate enterprise, comprehensively demonstrating its comprehensive competitiveness at the levels of institutional strength, industrial investment, segmented tracks, and investors.

Wang Guangxi, Vice President of Lenovo Group and Managing Partner of Lenovo Capital and Incubator Group, has become a candidate for the IC Fengyun List's Annual Best Investor Award. He joined Lenovo in 2011 and is responsible for investment in fields such as semiconductors, robotics, cloud computing, and AR/VR. He has many years of experience in corporate strategy and venture capital, as well as a rich TMT background. Before joining Lenovo, he worked at the Los Angeles office of Boston Consulting Group, where he served nearly ten Fortune 500 clients, covering business development, investment and acquisitions, and strategic restructuring in fields such as high tech, industry, energy, and healthcare.

Wang Guangxi, Vice President of Lenovo Group and Managing Partner of Lenovo Capital and Incubator Group

In investment practice, Wang Guangxi has led investments in more than 100 outstanding projects. At the same time, he built Lenovo's emerging business investment spin-off system, conducting full-process investment management from business plans, valuation and equity structure design to independent spin-offs, successfully incubating and spinning off more than 10 outstanding subsidiaries from within Lenovo, including SHAREit and Lenovo Connect, and boosting their rapid growth.

Song Chunyu, Vice President of Lenovo Group, Chief Investment Officer and Senior Partner of Lenovo Capital and Incubator Group, has become a candidate for the IC Fengyun List's Best Industrial Investor Award. He joined Lenovo Group in 2001 and has served as Director of Virtualization Computing Technology and other positions. In 2010, he became General Manager of Lenovo Legend Fund, leading early-stage technology project investment. In 2016, he participated in founding Lenovo Capital and Incubator Group, focusing on fields such as the Internet of Things, artificial intelligence, and smart vehicles.

Song Chunyu, Vice President of Lenovo Group, Chief Investment Officer and Senior Partner of Lenovo Capital and Incubator Group

In terms of investment performance, Song Chunyu has invested in more than 100 outstanding technological innovation enterprises, leading one successful IPO, including CATL, Meituan Dianping, NIO, Zhuhai CosMX, Zhejiang Supcon, Cambricon, 4Paradigm, Lotus Tech, Black Sesame Technologies, Moore Threads, OnMicro, iDreamSky, Shenzhen Urban Transport Planning Center, Tuhu Car Care, Dmall, and Joulwatt, among others. At the same time, he continues to build positions in outstanding unicorn enterprises of the AI era, including Mistral AI, StepFun, Infinigence AI, Chaogui, SemiDrive, Lovart, LiblibAI, Yanchuang Wanwu, Galbot, Tashi Zhihang, Yuanli Lingji, Yuanli Juhe Robotics, Qiuzhi Technology, DeepWay, Style3D, SmartMore, and Zhongke Huiyuan, among other AI application innovation enterprises.

Lenovo Capital and Incubator Group is taking industrial resources as its foundation and capital empowerment as its link, continuously promoting the application of cutting-edge technology in industry and contributing ecosystem-level investment strength to the high-quality development of China's technology industry.

[Award Application Portal]

The 2027 Semiconductor Investment Annual Conference and IC Fengyun List Award Ceremony will be held in December 2026. Award applications have opened, and reporting on applying and candidate enterprises/institutions is currently underway. We welcome you to sign up and participate and join this industry feast together!

[Annual Best Investment Institution Award]

Based on the mission and responsibility of international industrial competition, we need a group of outstanding investment institutions focused on the semiconductor industry to play an important leading role, leading a host of innovative enterprises through difficulties and accelerating domestic substitution.

Industrial investment institutions come from the industry and have a deeper understanding of industry development and industrial chain relationships. Relying on their own industrial resources, they connect enterprises with customers, introduce resources, provide technical support, and more, helping enterprises develop faster and better.

The "Annual Best Industrial Investment Institution Award" aims to recognize industrial investment institutions that have performed outstandingly this year in industrial empowerment and coordinated development.

[Application Conditions]

1. Possess industrial resources on which they can rely, with layout and investment scale in the upstream and downstream industrial chains exceeding 30% of the institution's scale;

6. The degree of fit between investment targets and the group's industry (the degree of match between the number of invested enterprises and its own ecosystem chain): 30%.

Industrial development and industry development complement each other. Investment institutions specializing in fine segmented fields often make significant contributions to supporting enterprise growth.

[Application Conditions]

1. Focus on AI-related investment, with AI-related targets accounting for more than 30% of total investment targets, generally participating in enterprise financing in the form of lead investment;

Industrial development and industry development complement each other. Investment institutions specializing in fine segmented fields often make significant contributions to supporting enterprise growth.

[Application Conditions]

1. Focus on embodied intelligence-related investment, with targets accounting for more than 30% of total investment targets, generally participating in enterprise financing in the form of lead investment;

Industrial development and industry development complement each other. Investment institutions specializing in fine segmented fields often make significant contributions to supporting enterprise growth.

The "Best Industry Investment Institution Award (Materials and Equipment)" aims to recognize outstanding investment institutions that have made outstanding achievements this year in the fields of semiconductor materials and equipment and greatly helped the development of the industry.

[Application Conditions]

1. Focus on investment in semiconductor materials or equipment, with targets accounting for more than 30% of total investment targets, generally participating in enterprise financing in the form of lead investment;

The "Annual Best Investor Award" aims to encourage and recognize outstanding investors who this year, with profound industry insight, strong capital operation capabilities, and excellent investment capabilities, have achieved outstanding results in the field of semiconductor investment and made outstanding contributions to the development of China's semiconductor industry.

[Application Conditions]

1. Focus on investment in the semiconductor field, be able to accurately grasp industry development trends, and possess excellent investment capabilities and outstanding investment performance;

The "Annual Best Investor Award" aims to encourage and recognize outstanding investors who this year, with profound industry insight, strong capital operation capabilities, and excellent investment capabilities, have achieved outstanding results in the field of semiconductor investment and made outstanding contributions to the development of China's semiconductor industry.

[Application Conditions]

1. Focus on investment in the semiconductor field, be able to accurately grasp industry development trends, and possess excellent investment capabilities and outstanding investment performance;