Recently, Dongsheng Fusion (Shanghai) Technology Co., Ltd. (hereinafter referred to as "Dongsheng Fusion") successfully completed its Angel Round financing of several hundred million RMB. CDH Investments participated in this round alongside other investors, including CAS Star, IDG Capital, Sequoia Capital , Hillhouse Investment, and Loongson Investment.
Founded in July 2025, Dongsheng Fusion focuses on developing high-magnetic-field, miniaturized fusion power plant technology fueled by Deuterium-Helium-3 (D-³He). The company brings together top-tier talent from prestigious domestic and international institutions such as Fudan University, Tsinghua University, Peking University, and the Massachusetts Institute of Technology (MIT). Its team possesses extensive experience in the design, construction, experimental operation, and engineering management of large-scale fusion devices. By integrating the long-accumulated engineering expertise of the Tokamak pathway with the advantages of advanced D-³He fuel, Dongsheng Fusion has developed a magnetic confinement fusion solution that is highly competitive in terms of both feasibility and economic viability. It is the world's first magnetic confinement fusion enterprise to adopt the "Tokamak Configuration + D-³He Fuel" approach.
CDH Investments is one of the domestic investment institutions with the strongest commitment to and deepest understanding of the controlled nuclear fusion sector. Dongsheng Fusion, with its world-class theoretical and engineering team, is tackling the technical challenges of the high-magnetic-field Tokamak route using D-³He fuel. Furthermore, the company will leverage cutting-edge fusion technologies to foster multiple "spinoff" industrial applications. This investment marks another critical strategic move for CDH Investments in the controlled nuclear fusion track. It signifies the official start of a partnership between Dongsheng Fusion and CDH Investments, who will work together to build an industrial ecosystem around the entire controlled nuclear fusion value chain, jointly promoting the high-quality development of the industry.
Llinks acting as legal counsel to CDH Investments, leveraged its extensive experience in the field of investment and financing to assist CDH Investments in completing this investment in Dongsheng Fusion. This transaction highlights Llinks' professional capabilities and outstanding value in serving national strategic emerging industries and supporting the growth of cutting-edge technology enterprises.
Llinks Engagement Team
Selena She, Partner
Colin Shi, Partner
Joyce Zhang, Partner
