云启资本

Yunqi Capital Portfolio | Seed Round Lead Investment Project *Magic Shape Intelligence* Completes Hundreds of Millions of RMB in Pre-A Funding: Accelerating Construction of "Token Super Factory"

Supplying High-Quality Tokens for the AGI Era

Leading the Angel Round for "Poko Robotics": A Deep Dive with Huazhe Xu on Home Robotics and the "Real Ticket" to Physical AGI | Yunqi Attent!on Podcast

From Smart "Hatching" to Home Embodiment: Stubbornly Original in the AI Wave

Yunqi Capital Ranks Top 4 in ChinaVenture Honors: Grounded in AI's Core Narrative, Envisioning a New Era of Technology | Yunqi Bulletin

Building a Bright Future Through Technology and Innovation

35 Days Until Robots Enter Your Home: "Self-Variable Robotics" Unveils World's First Unified World Model | Yunqi Capital Portfolio

AI Goes Deep Into Real Life

Yunqi Capital Leads Over 100 Million RMB Series A+ Round in Yitu Technology: AI Rewrites the Smart Cockpit | Yunqi Portfolio --- We are excited to announce that **Yitu Technology** has completed an over 100 million RMB Series A+ funding round, jointly led by **Yunqi Capital** and an automotive industry fund, with participation from existing shareholders. This marks another important milestone in Yitu's rapid development. Founded in 2023, Yitu Technology is an AI-native company focused on the automotive sector. The founding team brings together top talent from both the automotive and AI industries, with members hailing from companies such as **Li Auto**, **Baidu**, **Bosch**, **Huawei**, and **ByteDance**. The company is dedicated to building intelligent cockpit solutions driven by large language models (LLMs), offering automakers next-generation human-vehicle interaction experiences. The smart cockpit is undergoing a fundamental transformation. Traditional "screen-stacking" approaches are giving way to AI-driven, conversational interfaces. Yitu's products center on LLM-powered intelligent agents that enable natural language control of vehicle functions, proactive service recommendations, and personalized user experiences — effectively turning the car into a truly intelligent mobile space. "Automotive intelligence has entered the LLM era," said **

Writing the New Future of AI Cockpits

Yunqi Capital Portfolio Company Manycore Tech Lists on Hong Kong Stock Exchange: From First Institutional Investment to the IPO Bell

13 Years Alongside a Peer, Witnessing the Birth of "The World's First Spatial Intelligence Stock"

Yunqi Capital Perspectives | The Second Half of AI Agents: Stop Grinding on Efficiency Tools, the Opportunity Lies in Reconstructing Productivity

If Models Take 80% of the Value, What's Left for AI Applications?

Yunqi Capital Backs CREAO AI's Pre-A Round with Tens of Millions of Dollars to Rebuild the Work Entry Point with Agent OS | Yunqi Portfolio

Betting on a Better Cycle

Yunqi Capital Quarterly Q1 | Keep Moving Forward, Answers Lie Ahead

A Quick Look at Yunqi Capital's Latest

Yunqi Capital angel-round project "Nova Fusion" has raised a total of 1.2 billion yuan, setting a record for early-stage funding in private-sector fusion energy

Targeting the Global First Tier for Commercialized Fusion Energy

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"