云启资本

Yunqi Capital | Automotive Chip SerDes Developer "Renxin Technology" Closes Hundreds of Millions of RMB in Series A Funding, Multiple Strategic Investors Join

Delivering competitive chip and system solutions to the industry

Investing in people, hiring people too — we're looking for you | Yunqi AI Talent Call

Welcome to the chat.

Yunqi Capital Book List | Finding Answers Beyond Code: How to Live With an Era of Upheaval

World Book Day, YQ Reads

Yunqi Capital Partners with Shanghai Jiao Tong University to Launch AI Angel Fund, Offering Full-Stack Support for Entrepreneurs

Safeguarding AI Innovation

"Zhì Píngfāng" Robot Launches New Model — What Can It Do With Its New "Brain"? | Yunqi Capital

Equipped with a full-body, full-domain VLA large model, exploring new possibilities for intelligence.

Yunqi Capital Named to ChinaVenture's "Top 10 Best Early-Stage VC Firms in China" for Fifth Consecutive Year, Portfolio Companies Win Eight Honors | Yunqi Capital News

Moving forward together — thanks for the recognition.

Quick Take on OpenAI's New Models: o3, o4-mini — What Can Image Reasoning + Autonomous Tools Bring? | Yunqi Tech π

In the early hours of April 17 Beijing time, OpenAI released two new AI reasoning models, o3 and o4-mini. These are likely the last standalone AI reasoning models before GPT-5, with further improvements in both performance and cost efficiency. In this episode of **"Yunqi Tech π"**, we break down the details for you.

"Looking for Next-Gen AI Founders" Event Recap: We Co-Created an Agent Startup Guide

On April 10, the **"What's Next: Finding Next-Gen AI Founders"** closed-door exchange event, co-hosted by Yunqi Capital and Shanghai Jiao Tong University's Industrial Technology Research Institute, concluded in Shanghai.

Q1 AI Startup Funding Map: $43 Billion, Where Did 80% Go? | Yunqi Tech π

As of 2025, the AI funding boom shows no signs of cooling down.

Yunqi Capital Quarterly | Spring Winds Ask Nothing of the Traveler; We Chart Our Own Course

A Closer Look at Yunqi Capital's Recent Moves

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"