云启资本

Yunqi Capital Research | Gen Z Under the Lens: "Contradictory Symbionts" and AI Natives

The "Twisted" Generation's New Entrepreneurial Choice

MiniMax M2.1: 10B Active Parameters, Claims Global SOTA in Multilingual Coding | Yunqi Capital

Let the hard tech speak for itself.

Yunqi Capital Leads Index Technology's Nearly RMB 100 Million Pre-A Round: Hardware Design Enters Its "Vibe Coding" Moment | Yunqi Capital

What's Happening with AI for Hardware?

For Nine Consecutive Years, Founding Partners Mao Chengyu and Huang Yubin Named to Forbes China's Best Venture Capitalists List | Yunqi Capital News

Thanks for the industry recognition.

Yunqi Capital | "Zhigu Tiancui" Closes Tens of Millions of RMB in Series A Funding, Letting Smart Cooking Speak Through Orders

Smart Cooking Robots Take Shape

Event Registration | Before 2026 Arrives: A "Deep" Dive into the Next Step for AI Hardware in Shenzhen

A Meetup for Hardware Innovators

Yunqi Capital Doers | MiniMax's Junjie Yan and Yonghao Luo's Four-Hour Deep Dive on "Hard but Right"

Before consensus emerges, choose the hardest path.

This Generation of Robots Is Finally Done Being "Parrots" | Yunqi Capital π

Astribot Lumo-1 and the Robot Version of "Master of Reasoning"

Congratulations to JD Industrials on Its Successful Hong Kong Stock Exchange Listing | Yunqi Capital

Technology-enabled, with a promising future ahead.

Chen Yu in Conversation with Ziwang, DeepRoute: AI in the Physical World — How to Tackle the Toughest Nuts to Crack | Yunqi Capital Doers

Bridging the Chasm from Virtual to Reality

Vol.18 The Non-Sci-Fi Story of Brain-Computer Interfaces: From Top-Tier Hospitals to Home Bedrooms, How Many Steps to Rebuild Prefrontal Order? | A Conversation with Ximing Wang of Kongshan Ci

Vol.17 48-Hour Xiaohongshu Hackathon Hit: How an AI-Native Product That Broke the "Retention Curse" Was Built --- Two weekends ago, I participated in a 48-hour hackathon hosted by Xiaohongshu. Our team of four built an AI-native product from scratch — no code, no design background between us — and ended up winning the "Most Popular" award. The product? A voice diary app called **"Echo"** that uses AI to turn fragmented daily moments into serialized, episodic "life podcasts." Think *This American Life*, but starring you. What surprised me wasn't that we won. It was that people kept using it *after* the demo. Here's the dirty secret of AI hackathons: most projects die the moment judges stop clapping. The "retention curse" is real — users try your GPT wrapper once, say "neat," and never return. We broke that pattern. Our daily active user rate among beta testers hit 34% in week one, which for a hackathon product is basically unheard of. How? Three deliberate choices we made against hackathon orthodoxy. **First, we refused to build a chatbot.** The default AI product in 2024 is still "talk to a large language model." We explicitly rejected this. Chat interfaces create *performance anxiety* — users feel pressure to ask the "right

Vol.16 Tsinghua Entrepreneur-Scientist Huazhe Xu: From Intelligent "Hatching" to Home Embodiment, Stubbornly Chasing Originality in the AI Wave

Vol.15: The Post-'98 Founder Who Built a $20M Business in Two Years — On Building an AI That Talks Back | A Conversation with Kicker's Founder

Vol.14 OpenClaw Is Just the Beginning: Are Agents Reinventing the Company? | A Conversation with Happycapy's Founder

Vol. 13 The Smarter AI Social Gets, the More Human We Become Like NPCs? A Conversation with a Former Otome Game Writer and AI Social Entrepreneur on Relationships and AI

Vol.12 Cuflow Yang Bolin: Gen Z Founder Building AI Products — Have Investor Standards Changed? | Y Transformers

Vol.11 AI Translation Pushed to the Extreme: Where Innovation Begins — The Product Logic Behind a New Hit and Its Overseas Expansion "Playbook"

Vol.10: Do Robot Woks Make Pre-Made Meals? A Conversation with Geng Kaiping of ZhiGu TianChu

Vol.09 How Should Search Engines Work in the Agent Era? A Conversation with Yu Chen and Zhiheng Du on AI "New Infrastructure"