LiZheng Technology Crowned Champion of 2019 MARS Innovation & Entrepreneurship Competition with Breakthrough Drone Countermeasure System

On October 31, 2019, the Grand Finale of the 2019 Qunxing MARS Innovation and Entrepreneurship Competition—hailed by the internet industry as the most authoritative and professional venture capital event—concluded with great success at the DoBe WE International Cultural and Creative Center (Tiantan) in Beijing. The competition was hosted by Qunxing Capital, Duoniu Media, and Yiqiu Capital. Since its official launch on August 8, the contest spanned 84 days. Ultimately, Lizheng Technology emerged victorious, claiming the Annual Grand Champion title of the 2019 Qunxing MARS Innovation and Entrepreneurship Competition. Weiyuyan secured the runner-up position, while Guanglan Technology took third place. Wang Le, Chairman of Duoniu Media, and Jiang Nan, CEO of Duoniu Media, presented the awards to the winners respectively.

The 2019 Qunxing MARS Innovation and Entrepreneurship Competition, themed “Synergistic Fusion,” focused on artificial intelligence, 5G, consumption upgrades, education, enterprise services, smart hardware, big data, culture and entertainment, e-commerce, new industrialization, internet finance, and related extended fields. From over 5,500 startup projects that registered for the competition, 13 emerged as finalists after rigorous refinement and intense competition.

Reflecting on the competition, the judges remarked that the 13 shortlisted projects demonstrated a high level of maturity, each featuring a clearly defined business model, with some even boasting healthy cash flows. After making difficult deliberations and ranking based on the judges’ scores, the Annual Top Seven were officially announced: Guanglan Technology, 5G+ Interactive Imaging Products, OE Acoustics, MicroLanguage, Jirui Technology, Lizheng Technology, and Smart Violin. (Listed in no particular order.)

In addition, the competition also presented several special category awards: OE Acoustics received the Most Promising Award, Jirui Technology won the Most Investment-Worthy Award, Smart Violin was honored with the Rising Entrepreneur Star Award, and the 5G+ Interactive Imaging Product took home the Most Innovative Award. The awards were presented to the winners by Li Ruobin, founder of Qunxing Capital.

In the final round, the 2019 Qunxing MARS Competition Annual Grand Finale featured the top 13 contestants, who were divided into groups to deliver 10-minute project presentations, followed by a 10-minute Q&A session with the judges. Upon completion of the Q&A, the judges provided immediate scores using a “Light-On/Light-Off/Explosive-Light” mechanism: one point for a light-on, zero points for a light-off, and two points for an explosive-light. Each judge was granted only one “explosive-light” opportunity per round, thereby clearly reflecting their preferences and the contestants’ performance through the scoring results.

The atmosphere at this year’s finals was exceptionally intense and electrifying, with competitors closely matched in their prowess. Several projects posed significant challenges for the judges in making their selections. Notably, Jirui Technology and Micro Language repeatedly faced off against each other. Initially, two judges found it difficult to choose between the two and both awarded them “top marks.” However, adhering to the strict competition rules, they reluctantly had to reserve the “top mark” for only one of the contenders. Yet, during the subsequent score announcement, a dramatic twist unfolded once again: both Jirui Technology and Micro Language secured high scores of 15 points. The two teams returned to the stage for a final showdown, pushing the competition’s excitement to its peak.

Lizheng Technology, the grand prize winner, has developed a next-generation low-altitude anti-drone system that addresses key challenges in detecting, identifying, directionally locating, and countering civilian remote-controlled drones both domestically and internationally. This system provides a high-quality, new-generation solution for low-altitude security across various sectors. From the semifinals onward, Lizheng Technology delivered consistent and impressive performances, earning strong favor from judges and mentors alike. In their bid to recruit the team into their respective squads, mentors escalated their offers: Mentor Wang Yajie declared, “Join my team; I have the resources you need!” while Mentor Zhang Tongge immediately countered with, “I can invest in you directly!” Ultimately, Mentor Wang Yajie secured this “gem,” thereby earning the “Gold Mentor” award of the competition, presented by Yi Peng, Founding Partner of Yiqiu Capital.

Regarding the judges, to ensure the fairness and professionalism of the competition, the lineup of the “Strongest Board of Directors” for this year’s Qunxing MARS Competition has been upgraded once again. The panel includes: Wang Le, Chairman of Duoniu Media; Jiang Nan, CEO of Duoniu Media; Li Ruobin, Founder of Qunxing Capital; Yi Peng, Founding Partner of Yiqiu Capital; Luo Tian, Founding Partner of Bojiang Capital; Lu Rong, President of Yuexiu Industry Fund; Wang Jiaping, Partner at AI Engineering Institute of Sinovation Ventures; Zhou Keren, Partner at Oriental Fortune Capital; Wu Bin, Partner at Chinalux New Economy Fund; Tony Park, Managing Partner at Main Street; Dong Gang, Chairman of Yuntouhui; and Liu Haiyan, Chairman of Tongchuang Group, among others.

Furthermore, the entrepreneur mentors for this competition are Wang Yajie, Vice President of Xinban Capital; Yang Wei, Partner at Weizhi Capital; and Zhang Tongge, Director of the Digital Investment Committee.

At the Qunxing MARS Competition, rankings are not everything. What entrepreneurs need is not scores, but unwavering conviction. As Li Ruobin, founder of Qunxing Capital, stated, “Steadiness is the best response to the times.” He expressed hope that entrepreneurs can move forward steadily regardless of the environment. As the most loyal partner to investors and entrepreneurs, Qunxing Capital will focus more on early- and mid-stage projects, uncovering those with greater potential, and persist in building an empowerment-oriented platform. Through initiatives such as the Qunxing MARS Competition, industry funds, and deep collaboration with governments, Qunxing Capital aims to support both entrepreneurs and investors. Li Ruobin also advised entrepreneurs to stay true to their original aspirations: “All brilliance takes time to be seen; the moments before dawn are often the hardest to endure.”

Although the 7th Qunxing MARS Innovation and Entrepreneurship Competition has concluded in 2019, entrepreneurs’ relentless pursuit continues unabated. It is foreseeable that the future entrepreneurial landscape will become increasingly volatile and unpredictable. Over its seven-year history, the Qunxing MARS Innovation and Entrepreneurship Competition will continue to provide warm support to every entrepreneur, helping them nurture their ventures into mature projects.