For FlashEx, the investment signals a shift from traditional ground-based courier operations toward a hybrid “ground-plus-air” delivery network built on its existing instant-delivery infrastructure.
Liu said the platform “cannot become a showcase that is built but unused,” calling for bolder experimentation and business models capable of generating sustainable revenue.
The plan lays out “1 overall goal, 8 key areas and 17 priority tasks,” targeting design, construction, management and service operations across the city’s built environment.
The city identified three priorities for the coming five years: open-source AI, embodied intelligence and institutional reform.
The rollout of the four new funds came on the heels of two smaller vehicles unveiled on May 15, sized at 1 billion yuan and 500 million yuan, respectively.
By the end of 2025, the three funds had approved investments into 392 sub-funds and 4,614 projects, with total committed capital reaching 143.3 billion yuan.
They include a 1 billion yuan low-carbon development fund and a 500 million yuan secondary, or S, fund focused on private equity share transfers.
The center combines commercial demonstrations with data collection, skill training and R&D collaboration functions.
Teams were required to guide self-developed underwater robots through a full sequence of search, positioning, retrieval and return tasks across the lake’s thousand-acre natural water area.
Galileo’s “Tiejia Tianbao,” or Iron Leopard, team outperformed rivals with its self-developed quadruped robots, excelling in mobility, motion control and all-terrain obstacle crossing.
