云启资本

Agent Updates: What's Actually New This Time for OpenAI? | Yunqi Capital Tech π

Waiting for the Agent Application Breakout Moment

Decoding the Global Top 100 AI Apps Ranking: AI Video Heats Up, Vertical Apps Monetize | Yunqi Capital Tech π

DeepSeek made AI an overnight national conversation, but which AI applications have truly gained widespread adoption? And which products have already achieved the "double win" of traffic and revenue?

Yunqi Capital Portfolio Company Zhaogang Group Successfully Lists on Hong Kong Stock Exchange | Yunqi Capital

On March 10, **Zhaogang Group**, a Yunqi Capital portfolio company and operator of China's largest steel e-commerce platform, officially began trading on the Main Board of the Hong Kong Stock Exchange under **ticker symbol 06676**, marking Hong Kong's second-ever De-SPAC transaction.

Building the Future, Not Just Him | Happy Women's Day

Yunqi Capital Joins "Intelligent Square" in Hundreds-of-Millions-Yuan Pre-A+ Round to Advance End-to-End VLA Embodied Robot Commercialization | Yunqi Capital

Today, embodied intelligence startup **"Zhi Square" (智平方)** announced the completion of a Pre-A+ round worth hundreds of millions of RMB, with **Yunqi Capital participating in the investment.** This round of funding will primarily accelerate the continued iteration of its end-to-end VLA model and the scaled commercial deployment of embodied intelligence robots.

A Conversation with Neolix's Yu Enyuan: Fresh 1 Billion Yuan Raise, How a Logistics Veteran Built an Autonomous Vehicle | Yunqi Capital's Doers Series

How does an atypical founder with a logistics background develop autonomous vehicles?

Mao Chengyu, Yunqi Capital: DeepSeek Accelerates AI Application Adoption — Where to Invest in AI in 2025? | Partners' Perspectives

More Challenges, More Possibilities

Yunqi Capital | "Weichong Semiconductor" Closes Tens of Millions in Series A+ Funding

Recently, **Weichong Semiconductor**, a Yunqi Capital portfolio company specializing in semiconductor metrology and inspection equipment, **closed a Series A+ round of tens of millions of RMB**. The round was led by Jinyu Maowu, Optics Valley Semiconductor Industry Investment, and Saina Capital. The funds will be used for R&D, market expansion, and team building.

Deep Dive: The DeepSeek Boom — Who Hit the Jackpot? Who Took the Hit? | Yunqi Capital Attent!on Podcast

DeepSeek's open-source push keeps accelerating, and the chain reactions it set off continue to ripple through the industry. As a major focus of tech entrepreneurship and venture investment in recent years, how will AI's venture narrative shift? What changes are entrepreneurs and investors on the ground actually sensing?

Yunqi Capital | Neolix Completes $1 Billion C+ Round, Advancing RoboVan Scale-Up

will be the first to deploy a fleet of ten thousand driverless vehicles

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"