云启资本

The "Pick-and-Shovel" Play for Spatial Intelligence: Manycore Tech Opens Its Spatial Foundation Layer to All | Yunqi Capital

Being the "Pick-and-Shovel Play" for the Spatial Intelligence Era

DeepRoute's Real-World Road Test: When AI Learns to "Fear," the "Black Box" of Assisted Driving Is Opened | Yunqi Capital

When Cars Begin to Understand the World

A 10,000-Word Deep Dive into Physical AI: Chinese Companies and the Global Arena at an Inflection Point | Yunqi Capital Pragmatists

Real Speed and Methodology from Entrepreneurs on the Front Lines

Yunqi Capital Hiring | The Next Chapter of Hard Tech, We Hope to Stand Beside You

We believe in the compounding returns of long-term thinking, hard work, and action.

AI Getting Things Done | Cloud Summit · Chengdu: When Technology Lands in a City, Industries Are Being Redefined

In Sync with AI's Development

Yunqi Capital Quarterly | Upward, the Consistent Answer

New Growth, New Gains

Yunqi Capital Leads Angel Round in DeepRoute.ai; One Year After Mass Production, 200,000 Units Delivered, Nearly 40% Market Share in October | Yunqi Capital

Monthly market share ranking in the industry's top tier

What's So Great About Gemini 3, the Model Everyone's Praising? | Yunqi Tech π

AI's evolution is far from over

Yunqi Capital | Astribot Raises Hundreds of Millions in A++ Round to Accelerate Scale Deployment of Cable-Driven AI Robots

The Pioneer in Mass-Producing Cable-Driven AI Robots Continues to Evolve

Y Transformers' First Gathering: The Real Questions and Real Ambitions on the Minds of Post-'98 AI Founders | Event Recap

Nobody's in a rush to leave.

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"