云启资本

SaaS × Large Models? Embrace Them, But Don't Rush | Yunqi Capital · Riding the AGI+ Wave

Who will stay ahead when large language models have redrawn the starting line?

Yunqi Capital and Its Angel-Round Portfolio Company MiniMax Named to Jazzyear's 2023 AIGC Ranking | Yunqi Capital News

Exploring More Possibilities of Artificial Intelligence

10 Yunqi Capital Portfolio Companies Named to *Hurun Global Unicorn Index* | Yunqi Capital News

Partnering with industry leaders to create greater value for society.

Raise a glass, Mr. Musk — we've already journeyed to the distant stars through reading | *Ichigo Ichie* · Yunqi Capital Book Recommendations

What shines so brilliantly is the incredible power of the human spirit.

"MiniMax" Powers WPS AI's Model Layer; Homegrown LLM Already Deployed Across Multiple Industries | Yunqi Capital · Riding the AGI+ Wave

The Backbone of China's AGI + Industry Push

Yunqi Capital · Riding the AGI Wave | 3 Weeks, 3 Cities: We Spoke with 150+ Founders About New Variables in the AGI Era

Embracing the AGI+ Era

"ZhiJing Technology (Baibu) Featured on CCTV's *Xinwen Lianbo*: Tech-Powered Transformation Across the Textile Industry's Full Supply Chain | Yunqi Capital Portfolio"

Join *Xinwen Lianbo* for an inside look at Zhijin Technology.

Win-Win Cooperation, Empowering Innovation, Building a Sci-Tech Ecosystem Together | Zhangjiang Group × Yunqi Capital

Actively Building a Sci-Tech Innovation Ecosystem

Siyuan and Zhiyuan, Cultivating the Ecosystem Together | Celebrating Shanghai Jiao Tong University's 127th Anniversary, Building a Sci-Tech Innovation Ecosystem Together

Accelerating the rapid development of China's tech industry

Sustaining 50%+ Annual Growth for Four Consecutive Years: How "Penglai Data" Became a DRG-Era Leader | Yunqi Capital Industry+

How Can Healthcare Achieve Refined Operations by Keeping Pace with China's New Healthcare Reform?

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"