云启资本

Where the Clouds Are, a New Journey Begins | Notes from Yunqi Capital's 2025 Outing

YQ Pursues a Passion

Making Robots More Human: Stardust Intelligence Unveils DuoCore Fast-Slow Coordination System | Yunqi Capital

Thinking and Cognition Like the Human Brain

When Google "Reinvents Itself": I/O 2025 Developer Conference Quick Take | Yunqi Capital Tech π

Self-Reinvention in the AI Paradigm

MiniMax Releases Next-Generation Voice Model, Claiming Top Spots on Two Global Benchmarks | Yunqi Capital

Recently, **Yunqi Capital portfolio company MiniMax**, a leading domestic AI model startup, released its next-generation text-to-speech system **MiniMax Speech-02**, which **ranked first on both** the authoritative international benchmarking platforms Artificial Analysis Speech Arena and Hugging Face TTS Arena, comprehensively surpassing Ope

Yunqi Capital x Shanghai Jiao Tong University Institute of Engineering Research | "Finding Next-Gen AI Founders" AI2C Session — Now Open for Registration

How can you ride the AI iteration wave to create the next phenomenon-level consumer product? How do you appropriately transfer past success formulas to break through growth bottlenecks in the AI era? How do you capture the user habits, traffic logic, and business models now being reshaped, and find growth strategies better suited to today's market?

"Variable Robotics" Closes Two Consecutive Rounds Worth Hundreds of Millions of Yuan, Yunqi Capital Participates | Yunqi Capital

End-to-End Embodied Intelligence Accelerates Iteration

Creating Agents with Agents? A Conversation with Yunqi Capital's Chen Yu and Creao AI's Cheng Kai on the New Agent Tech Ecosystem | Yunqi Attent!on Podcast

Manus and Genspark's rapid rise to prominence have made Agent one of the most anticipated AI application formats for the general public in 2025. Meanwhile, the Agent development ecosystem has entered a stage of stronger compatibility and easier deployment, driven by new frameworks such as MCP and Agent-to-Agent.

Yunqi Capital's Chengyu Mao in Conversation with SenseTime's Xu Li: 2025 — Is AI Entrepreneurship Getting Harder?

Run with a marathoner's mindset — just keep going.

Every passion will ultimately shape the world. Happy Labor Day.

Yunqi Capital Research | AI Applications 2025: New Technologies and Trends Analysis

Looking at Direction from First Principles

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"