云启资本

Yunqi Capital | DeepRoute.ai x Volcano Engine, Partnering to Accelerate Agent Deployment in Vehicles

From Driving Machine to Intelligent Agent: The Evolution of the Car

Yunqi Capital Named to 36Kr's "Most Influential Early-Stage Investment Firms in China" Top 10 | Yunqi Capital News

Deepening commitment, embracing challenges

Manycore Tech's Huang Xiaohuang: The "Hammer" and the "Stars" of 14 Years Building a Company | Yunqi Capital Doers

From GPU Rendering to Spatial Intelligence

Which Is More Beautiful: UI or AI? A Quick Look at Apple's 2025 WWDC | Yunqi Capital Techπ

Is Apple Running Out of Practical Innovation?

The AI "Battle of a Hundred Glasses" Is On — How Is Google Returning to the Fray? | Yunqi Tech π

Google's AI Glasses Take Another Shot, Android XR Reboots

"The Internet Queen" on the AI Era: Decoding Mary Meeker's *AI Trends Report* | Yunqi Capital Techπ

The AI wave is accelerating, bringing both opportunities and risks.

Yunqi Capital wishes you a healthy and peaceful Dragon Boat Festival.

MiniMax Open-Sources Its First Unified Visual RL Framework, Launches Orsta Model Series | Yunqi Capital

Recently, **Yunqi Capital portfolio company MiniMax**, a leading domestic model startup, officially open-sourced its first unified framework for visual-task reinforcement learning (RL) — **V-Triune** — and simultaneously released the new **Orsta model series (7B–32B)** trained on this framework, which demonstrated significant performance gains on the MEGA-Bench Core benchmark.

Yunqi Capital x Tsinghua University E.E. | Exploring Embodied Intelligence in the Greater Bay Area

➤➤ On May 25, 2025, **"Tsinghua EEA · Industry Connect Afternoon Tea #012 — Exploring Embodied Intelligence in the Greater Bay Area"**, co-organized by Yunqi Capital, successfully concluded in Shenzhen. The event was hosted by the Tsinghua University Alumni Association Electronic Engineering Department Branch, the International Center for Advanced Technology Application Promotion (Shenzhen), and the Shenzhen Tsinghua University Alumni Association Electronic Engineering Department Branch. **Over 40 Tsinghua EEA alumni** deeply involved in embodied intelligence gathered in Shenzhen.

Let's Talk "Truth" in AI-to-Consumer Products: Why Did Duolingo Take Off? How Are Gen Z Building AI Hardware? | What's Next Event Recap

On May 25, the **"What's Next: Finding Next-Gen AI Entrepreneurs"** event series — AI2C session, co-hosted by **Yunqi Capital**, the Shanghai Jiao Tong University Industrial Technology Research Institute (ITRI), and DataWhale, was successfully held in Shanghai. **More than 30 entrepreneurs actively seeking GenAI innovation opportunities** joined **Yunqi Capital investors** with deep expertise in AI venture capital and the **SJTU ITRI team**, an AI-native incubator,

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"