峰瑞资本

峰瑞资本

@author-1781068851320

504 articles

Articles

What Are the Aesthetic Roots Behind China's Potential to Birth Luxury Brands? | 2021 FreeS Fund Annual Investor Summit

"Can China Have Luxury Brands?"

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As Long as You Don't Lose the Domestic Race, You'll Win Globally | Li Feng's New Year Outlook on Consumption

7 Defining Factors That Will Shape the Consumer Market Over the Next Decade

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What Kind of Spiritual Consumption Does Gen Z Need? | 2021 FreeS Fund Annual Investor Summit

What kind of consumer group is Gen Z?

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How Do Tech Companies Go From "Technology Is Valuable" to "Technology Makes Money"? | FreeS Research --- In the past two years, the tech industry has undergone a profound shift. The era of "technology for technology's sake" is fading. Companies that once commanded sky-high valuations based on technical prowess alone are now facing a harsh reality: investors and markets increasingly demand proof that technology can translate into sustainable profits. This transition—from "technology is valuable" to "technology makes money"—is far from automatic. It requires fundamental changes in how tech companies think about product-market fit, commercialization strategy, and organizational capabilities. ## The Valuation Trap For years, Chinese tech companies were rewarded for technical milestones. Breakthroughs in AI, quantum computing, or autonomous driving could attract hundreds of millions in funding before a single revenue dollar was earned. The underlying assumption: superior technology would inevitably find commercial applications. This logic has collapsed on multiple fronts. Some technologies proved to be solutions in search of problems. Others faced regulatory headwinds that made their intended business models unviable. Still others discovered that the cost of commercial deployment far exceeded initial projections, rendering unit economics untenable. The result is a growing cohort of "zombie unicorns

Why should tech talent avoid "walking around with a hammer looking for nails"?

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How to Capture Category Dividends in Consumer Entrepreneurship? | FreeS Research

How to Lead the Pack?

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3 Biopharma Companies Raise Over 1 Billion Yuan Combined | FreeS Family Funding News · October–November

Firmly bullish on the development of biomedical innovation in China

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What Infrastructure Opportunities Exist in the Booming Cross-Border E-Commerce Space? | FreeS Fund Interview

How do you find the right startup opportunity in a fast-growing sector?

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"There Will Come a Moment When Technology Defeats Human Experience" | A Conversation with FreeS Fund

"There will come a moment when technology surpasses human experience."

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FreeS Fund Earns Ten Honors from Zero2IPO, PEDaily, ChinaVenture & GEW, CVCRI, ChinaRong360, Wanbang RB, and Lancha Consumer | FreeS Matters

Continuously hiring investors

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Expansion or Store Closures: Reassessing Offline Opportunities | Li Feng Column

From "Store Opening Boom" to "Store Closing Wave": Reassessing Offline Opportunities

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Live at 10 AM Tomorrow | New Opportunities in the Changing Landscape of Drug R&D

See you tomorrow at 10 a.m. sharp.

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How Should We Think About the Present and Future of Drug R&D? | FreeS Fund Dialogue Vol. 2 — Final 2 Days to Register

What new variables and opportunities are emerging in the drug development industry?

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