云启资本

Possibly the Most Important New Year's Greeting of 2023 | A Yunqi Capital Year-End Gathering Note

And the most heartfelt blessing of all.

"Yizao Technology" Creates 3D-Printed Art Installation "Light of Enlightenment Gate" for Xujiahui Library | Yunqi Tech π

Check In at Shanghai's 2023 New Landmarks

"Yunqi Capital" Partners with Tsinghua University to Build More Energy-Efficient Autonomous Vehicles | Yunqi Capital Tech π

Compared to human driving, energy consumption is reduced by 6.9%.

Spray-On Smart Skin! AI-Powered Rapid Hand Task Recognition | Yunqi Capital Science Snack

Now *this* is a real invisible keyboard.

Multiple Yunqi Capital Portfolio Companies Recognized as "China Industrial Digitalization Leaders" with Nine Honors | Yunqi Capital News

Innovation Never Stops — Co-Creating the Future of Technology

"Bioyen Bio" Closes Over 100 Million Yuan Pre-A Round, Led by Yunqi Capital | Yunqi Capital

Leading research in materials synthetic biology, building an efficient innovation R&D platform

"Bitling Technology" Selected for 2022 *China Digital Security Capability Atlas (Select Edition)* | Yunqi Tech π

Building a Secure Software Development Foundation

Yunqi Capital Ranked Qimingpian 2022 "Top 4 Best Early-Stage Firm" and Other Annual Awards | Yunqi Capital Bulletin

Building momentum, staying true to the original mission.

World Record Shattered! "RenShuo Solar Energy" Achieves 29.0% Efficiency with Perovskite Tandem Cells | Yunqi Tech π

Breaking Through on Tech R&D: Perovskite Cell Efficiency Hits Another Record

Yunqi Capital Named to CVCRI 2022 "China's Most Influential Early-Stage Investment Firms" and Other Annual Awards | Yunqi Capital News

Tech Innovation, Our Shared Future

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"