云启资本

Probably the most distinctive Christmas tree on Anfu Road

Blossoms of silver light, peace and joy 🎅

Yunqi Capital Earns Multiple Honors Including Zero2IPO "China's Top 5 Early-Stage Investment Firms" | Yunqi News

Resilient Growth, a Promising Future Ahead

Yunqi Capital Earns Six Honors Including TMTPost's "Investor of the Year" | Yunqi News

Trailblazers of a New Round of Productivity Revolution

Surging delivery pressure: Neolix unmanned vehicles help Yunda Express maintain efficiency | Yunqi Tech π

Autonomous Vehicles Step In to Maintain Delivery Capacity

Yunqi Capital Named Again Among "China's Top Early-Stage Investors" by 21st Century Business Herald | Yunqi Capital News

Deepening Our Commitment, Building the Future Together

Yunqi Capital Wins China Securities Journal's "Golden Bull Award for Big Data and AI Investment" for Consecutive Years | Yunqi Capital Update

Committed to Value Investing, Forging Standout Long-Term Performance

"Keenon Medical's Fever Clinic Solution Fully Deployed: Streamlining Patient Flow to Support Science-Based Epidemic Prevention" | Yunqi Capital

Technology Powers Science-Based Epidemic Prevention

Net Energy Gain of 0.3 kWh: Nuclear Fusion Achieves Historic First Profitability | Yunqi Science --- China's "Artificial Sun" EAST tokamak has set a new world record — sustaining a high-confinement plasma for 1,066 seconds. But there's an even more significant milestone you may have missed: for the first time in history, a nuclear fusion experiment has achieved net energy gain. On February 12, 2025, the U.S. Department of Energy's National Ignition Facility (NIF) announced that during its December 2024 experiment, the facility produced 1.3 megajoules of fusion energy while consuming 1 megajoule of input energy — a net gain of 0.3 megajoules, or roughly 0.08 kilowatt-hours (about 0.3 kWh when converted to the more commonly used "degree" unit in Chinese energy billing). This marks the first time humanity has extracted more energy from a fusion reaction than was put in — crossing the critical "Q=1" threshold where output exceeds input. ## The Long Road to "Burning Plasma" NIF's approach differs

The Ultimate Dream of Future Energy

Yunqi Capital Named to Jiemian's "China Top Venture Capital Firms" for Fourth Consecutive Year | Yunqi Capital News

At the Frontier of a New Era, Continuing Our Commitment to Deep Service

AIGC Pioneer "Jina AI": Decoding the Paradigm Shift in Multimodal AI | Yunqi Capital

The Frontier of a New AI Era

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"