Heading into 2026 with MONOLITH

This year, the world has been changing at a speed visible to the naked eye — fervent, surging, and utterly exhilarating.

To stand at the edge of the storm and watch the structure of the world shake is a rare kind of luck. We've immersed ourselves in the work itself, participating up close in every subtle, real change, hoping that sustained presence will yield a clearer understanding of the world.

Alongside many founders, through one concrete execution after another and one piece of genuine feedback after another, we've seen lasting transformations taking shape — the world being pushed in new directions.

Many young founders have surprised us. They may lack polished, sophisticated commercial veneers; some even carry a kind of reckless wildness. But it is precisely this rawness, this quality of not yet being domesticated by old experience, that becomes the signpost pointing toward the future.

What we most hope to see is your passion resonating with the strongest frequencies of the era.

This year also marks MONOLITH's fourth anniversary. We held the final close on both our USD and RMB funds, with total AUM crossing 10 billion RMB. Staying focused on AI as our core investment theme, we led more than 20 deals. MetaX successfully listed on the STAR Market, giving our RMB fund its first IPO. This year we also received over 90 recognitions from external institutions, including Preqin Worldwide Top-performing VC #4, Forbes Midas World's Best VC Investors #39 globally, and #16 on the Forbes China list.

We are grateful for the trust of all our LPs and the help of friends. We also know full well — you're only as good as your next investment. We must work even harder, take each step well, do each thing right, and welcome the new year.

More interesting things are about to happen.

Wishing everyone a happy New Year!