At the China Equity Investment Conference, Wang Xinyu, a partner at Meituan Longzhu, remarked that this year has witnessed the most vigorous and voluminous investment activity for Meituan Longzhu in its roughly eight-year history. He described the current capital market climate as one where there's a sense of everything "springing back to life" and "a myriad of opportunities blossoming." Wang Xinyu recalled that when Meituan Longzhu made an investment in Kimi in 2023, there were widespread market concerns regarding the AI technology gap between China and the United States. However, he noted that such apprehensions have markedly lessened this year. Additionally, Yin Le, a partner at ZhenFund, highlighted that at present, the difference in AI SOTA (State-Of-The-Art, referring to the models that deliver the best performance in machine learning tasks) between China and the U.S. has shrunk to a mere six months.