MIIT and six other ministries issued an action plan directing Chinese platform
enterprises to deploy patient capital into hard-tech, prioritizing early-stage,
small-scale and long-term investments. The plan backs qualified regions to build
SME incubators and establish a tiered cultivation system for high-quality
platform-economy firms, aiming to nurture tech- and innovation-oriented SMEs,
specialized 'little giant' manufacturers, manufacturing single-champion firms
and high-tech enterprises. It calls for improved monitoring and services for
gazelle and unicorn firms and accelerated cultivation of AI one-person companies
(AIOPC). Platform firms are urged to channel funds via diversified venture
capital, equity and M&A vehicles to invest early, small and long-term in hard
technologies to enable market-driven restructuring of technology, industrial and
supply chains.
