云启资本

Yunqi Capital in Conversation with MiniMax's Junjie Yan: Looking Back at 2024, What Changed and What Stayed the Same in AI Entrepreneurship | Yunqi Doers

On Original Innovation Intent, Technical Roadmap, and Product Portfolio

Yunqi Capital Selected as Class A Institution by China Insurance Asset Management Association for Two Consecutive Years | Yunqi Capital News

Evolving continuously, grateful for your trust.

Yunqi Capital Named to Multiple Rankings Including CBN Future Industries Investors List, Jiemian China Top VC Firms | Honors Roundup

Side by side, good things happen.

2025, Yunqi Capital wishes you a Happy New Year

1 Road with You, 1 Road Together --- *Note: This appears to be a Chinese New Year or anniversary slogan playing on "1" sounding like "一" (one/yi) and "路" (road/lu), evoking "一路" (all the way/always). The "1 路" construction mimics how bus routes are numbered in China (e.g., "1路公交"). Without additional context about what organization or campaign this belongs to, a more natural English rendering would require knowing the intended meaning — whether it's about a literal Route 1 bus line, a "Belt and Road" reference, or simply "always together."*

The Opposite of Anxiety Is Action | Yunqi Capital's 2024 Action Special

Fortune favors those who act relentlessly.

Wisdom Cultivates the New, Striding Forward on Ten Years | Yunqi Capital 2024 Investor Annual Meeting

Seize the present, embrace the future.

Yunqi Capital Wins Multiple Prestigious Awards from Zero2IPO, ChinaVenture, Forbes, and More | Yunqi Capital Honors Roundup

Side by side, good things happen.

Yunqi Capital Co-leads Over 100 Million RMB Series B in AI Smart Imaging Brand "hohem" | Yunqi Capital

How Can On-Device AI Help You Create Content?

Sora Is Finally Here. Is It as Powerful as You Imagined? | Yunqi Tech π

Late to the party — where's the surprise?

The Expatriation Playbook for Europe and America: How Many Hurdles Must Electrified Products Clear? | Yunqi Attent!on · Overseas Expansion Special Recap

Let's Talk Policy Barriers, Demand Discovery, and Channel Building

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"