云启资本

"Zong" with passion, onward; "Zong" with passion, create — Happy Dragon Boat Festival

Blessings Come in Many Forms

Looking Back at AI's "May": The Five Most Important Little Things | Attent!on Tech Notes

The future is already here — it's just not evenly distributed.

Yunqi Capital Portfolio Company Xingji Closes Hundreds-of-Millions RMB Series B Round, Accelerating Growth as an EDA "Chip Power"

Tech Unpacks "Chip" Troubles

AI + Manufacturing = ? | Cloud Summit · Changzhou Recap

AI Manufacturing, Charting a Steady Course for New Beginnings

MiniMax Founder Junjie Yan: First Principles on the Path to AGI | Yunqi Capital

What really needs to be done is to make technology and product iterate fast enough.

AI's Big May Exam, Microsoft Turns In Its Paper | Yunqi Tech π

How Can AI Save Your Productivity?

Hardcore New Releases: How Far Have Robots Evolved? | Yunqi Capital

Both highbrow and down-to-earth.

A Conversation with China's Youngest "Trillion-Yuan City": How AI-Powered Manufacturing Is Reshaping Industrial Futures | Cloud Summit · Changzhou

Deep Integration, Steady Helm, New Horizons

Google vs. GPT-4o: What Should We Care About? | Yunqi Capital "Future Scope"

The race for native multimodal large models is heating up

Yunqi Capital | Let Ordinary People Use AI — Angel-Round Investee MiniMax Launches "Hailuo AI"

Ready-to-Go "Life Buddy"

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"