Alibaba-affiliated company invests in Nova Fusion, a developer of nuclear fusion devices.

MetaMuskRat · 2026-03-27T03:31:22+00:00

Nova Fusion Energy Technology (Shanghai) Co., Ltd. recently underwent a business change, adding Alibaba and SAIC-affiliated funds as shareholders, with registered capital increasing to approximately 2.19 million yuan. The company was established in 2025 and focuses on the development of small modular nuclear fusion devices.

MetaMuskRat

2026-03-27 03:31:22

Abstract generation in progress

On March 27, People’s Finance News reported that the Qichacha APP shows that recently, Nova Fusion Energy Technology (Shanghai) Co., Ltd. underwent a business change, adding Hangzhou Haoyue Enterprise Management Co., Ltd., a subsidiary of Alibaba, and Henan Shangqi Huirong Shangcheng No. 1 Industrial Fund Partnership (Limited Partnership), a subsidiary of SAIC, as shareholders. At the same time, the registered capital increased from approximately 1.703 million yuan to approximately 2.19 million yuan. Qichacha information shows that the company was established in April 2025, with HOUYANG GUO as the legal representative, and its business scope includes research and development of new materials technology, complete sets of nuclear power equipment and engineering technology research and development, and power generation technology services. Public information indicates that the company focuses on the research and development of small, distributed, modular nuclear fusion devices.

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