Boyu Capital
博裕资本
Boyu Capital is a Chinese investment fund known for backing J&T Express and Recurrent AI, and was mentioned in a 2024 arbitration case involving Kimi founder Yang Zhilin . It held a 6.1% stake in J&T Express ahead of the logistics firm's 2023 Hong Kong IPO, a position worth roughly $800 million at listing . The fund also invested in Recurrent AI, and in November 2024 was among five former investors that filed arbitration against Yang Zhilin over his departure to found Moonshot AI without obtaining consent waivers . Elsewhere's corpus does not contain further detail on Boyu Capital's founding, team, or overall strategy.
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Coverage
Starbucks China Sale Enters Final Round | Mega M&A
Far from the end.
暗涌Waves·Xi Cao of Monolith Named to Forbes 2025 Midas List
First-time appearance on the list thanks to early-stage investments in Kuaishou and Unitree
Monolith砺思资本·Exclusive | Kimi Arbitration Settlement Fails, Zhang Yutong May Face Separate Lawsuit
The AI landscape has already shifted.
暗涌Waves·Exclusive | The Full Untold Story Beneath the Surface of "Kimi Yang Zhilin Arbitration Case"
Who saw the sixpence, and who saw the moon.
暗涌Waves·Exclusive | Kimi Founder Yang Zhilin Faces Arbitration Filed by Former Investors
Another scandal at a high-profile AI company.
暗涌Waves·Exclusive | Actually, DST Bought Xiaohongshu Secondary Shares
Mega funds still making deals.
暗涌Waves·Chint Group's Taihydrogen Closes 150 Million Yuan Pre-A Round to Expand "Green Power + Green Hydrogen" Applications
Advance the development and application of hydrogen energy technology.
高榕创投·Southeast Asia Investment Finally Has a Success Story
A Resolute Choice
暗涌Waves·Entrepreneurship is a climb where the journey itself is the reward.
The journey is the reward.
Monolith砺思资本·Xi Cao of Lisi Capital and His Eleven Luo Han --- Wait — let me reconsider. "十一罗汉" is almost certainly a reference to *Ocean's Eleven* (the film), used here as a playful nickname for his team. Let me adjust: Xi Cao of Lisi Capital and His Ocean's Eleven
Starting a business is like climbing a mountain — the meaning lies in the climb itself.
暗涌Waves·MONOLITH砺思资本|Riding with Great Tech Companies
Think to know, and temper through action.
Monolith砺思资本·Monolith Capital, alongside great technology companies
Monolith is an investment management firm co-founded in 2021 by Xi Cao, formerly a partner at Sequoia China, and Tim Wang, formerly a partner in the public markets team at Boyu Capital. Monolith covers both private and public markets, including its current VC fund and a previously high-performing debut hedge fund. **Monolith's assets under management have reached nearly $800 million.**
Monolith砺思资本·We Analyzed 1,000 LP Commitments and Found 30 Hidden Top Family Offices
They are also a microcosm of China's commercial evolution.
暗涌Waves·Waterdrop Inc. Completes Series C Funding of Over 1 Billion RMB
"Proactive protection + post-event relief" — working together to safeguard hundreds of millions of families.
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