5Y Capital

5Y Capital is a Chinese venture capital firm with offices in Beijing, Shanghai, Shenzhen, and Hong Kong . Founded by Qin Liu, who serves as founding partner, the firm describes its mission as seeking out, supporting, and inspiring "lonely entrepreneurs" — those whose ambitions others might consider crazy . Its investment history spans early-stage bets in companies that became major tech names: it led Horizon Robotics' seed round in 2015 and continued through subsequent rounds , and was an early backer of Xiaomi, Kuaishou, Agora, XPeng, and Pony.ai . The partnership includes figures such as partner Kai Liu, who focuses on hard tech and supply chain investing , and partner Yuan Ye . More recent activity shows continued deployment across sectors including AI infrastructure, with investments in Vastai Technologies and Southeast Asian e-commerce services like Laizanbao and Desty .