Yunqi Capital has repeatedly ranked among the Top 10 Best Early-Stage VC Firms in China in the ChinaVenture awards, among other honors | Yunqi News

**➤➤➤ **On May 10, ChinaVenture announced its 2023 annual rankings, with Yunqi Capital and its portfolio companies earning multiple honors:

**➤ **Institutional Awards

• "Top 10 Best Early-Stage VC Firms in China" (multiple consecutive wins)
• "Top 20 Best Investment Firms in China's AI and Big Data Sector"
• "Top 30 Best Investment Firms in China's Digitalization and IT Sector"

➤ Portfolio Company Awards

• MiniMax — "Top 10 Best Investment Cases in China's AI and Big Data Sector"
• Windrose Technology — "Top 10 Best Investment Cases in China's Advanced Manufacturing and High-Tech Sector"
• JD Industrial — "Top 10 Best Investment Cases in China's Digitalization and IT Sector"

Meanwhile, founding partner Chengyu Mao was invited to speak at the ChinaVenture annual summit, joining a roundtable titled "Peak Dialogue: Believing in the Value of Investment — LPs and GPs Moving Forward Together," where he shared his views on how LPs and GPs can achieve mutual success in the new environment. He believes that the restructuring of LP-GP relationships over the next ten to twenty years may bring about a new landscape, and that pulling together and mutual understanding are the most fundamental and essential elements.

"I've been investing for 25 years. If the past was just one cycle, we're now facing something much bigger," Mao noted. He pointed out that the industry is transitioning from a gilded age to a silver-plated age, which entails greater challenges. "If before we talked about 'moving forward together' (共赴qián程), that 'qián' was probably the 'money' kind of 钱. Because the money everyone made in the past was, by today's standards, easy money. Now it's shifted from discovering value to creating value — a much harder process. So the whole environment has become one where everyone's in the same boat; GPs and LPs need to pull together better to move forward." Beyond the shared pursuit of investment returns, different LPs have different priorities. Mao believes that when the broader environment changes rapidly and real-time information exchange becomes increasingly important, figuring out how to coordinate resources from multiple LPs while meeting their needs — finding that balance point — is crucial. Mao shared that Yunqi met its fundraising targets last year and reached a new milestone, and that the firm is eager to engage more with experienced, sophisticated LPs. "Beyond deal flow, LPs can provide valuable feedback on compliance, secondary market perspectives, and more — all of which is very valuable for GPs, and we pass those insights along to our portfolio companies," he said. Looking ahead, Mao believes that non-consensus opportunities will continue to exist, but they require patient cultivation and a professional approach to capture. With fearless hearts, we reach for the stars. Carrying this industry recognition, Yunqi Capital will continue to focus on the long term, make forward-looking bets, and walk alongside technology builders to open up a bright future of technological innovation.