云启资本

We Invested in an AI That "Roasts" People: A Conversation with Kicker's Founder | Yunqi Y Talk

The Post-'98 Founder Who Hit 20 Million RMB in Revenue in Two Years Wants to Build a Product That "Gets" You Better

Yunqi Capital x Tsinghua University | 5 Embodied AI "Heavyweights" on Physical AI and Commercialization

Finding the Decisive Factor in Embodied AI's Path to Market

Yunqi Capital x WAIC | AI Demo Day on April 9, Seats Now Open

Define Y Transformers with Youth Power

Academicians Gather at Quantum Industry Conference, Sam Mao in Conversation with Academician Hongbo Sun

From Basic Research to Industrial Application

Yunqi Capital Team | New Promotions and New Members: Rooted Downward, Growing Upward

Let's grow and get better together!

What Real AI Problems Did Post-'98 Founders Debug Over Hot Pot? | Y Transformers Beijing Recap

The hot pot bubbles, but the thinking bubbles even more.

Yunqi Capital Leads Pre-A Round in Xingwang Power: Positioning at the Core of AI Computing | Yunqi Portfolio --- Yunqi Capital has led the Pre-A funding round for Xingwang Power (芯网动力), a company focused on AI computing infrastructure, as the firm continues to bet on the critical upstream layers of the artificial intelligence supply chain. The investment reflects Yunqi's strategy of targeting foundational technologies that enable next-generation AI deployment. Xingwang Power operates in the AI computing power sector, which has become an increasingly contested space as demand for training and inference capacity surges globally. Yunqi Capital, an early-stage venture fund known for investments in companies including MiniMax, has been actively deploying capital across the AI stack. Partner Chen Yu has led the firm's efforts in identifying infrastructure opportunities tied to large model development and commercialization. The round marks another addition to Yunqi's portfolio of AI-related investments, as the fund seeks to capture value at the compute layer where bottlenecks remain acute.

The Battle for Compute: From Performance to Efficiency and Security

After 13 Years, Manycore Tech Clears Hong Kong Stock Exchange Listing Hearing | Qixing Chronicles

Set to become the "world's first publicly traded spatial intelligence company"

The Human-Centered AI Era: Yunqi Capital Donates to Shanghai Jiao Tong University's Yuanqi Development Fund — Phase II

Where the humanities and sciences soar together, wisdom and intelligence share the same hue.

The Sora Shutdown: AI Enters the "Brutal Reckoning" | Yunqi Tech π

The Disappearance of a Viral Hit

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"