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A Few Strange Things About AI Interactive Content

It's not enough to ride a big wave to win big.

Xiaohongshu's Youngest Business Unit Head Strikes Out on Her Own, Using AI to Reimagine "Grass-Seeding"丨début

No more speculation, no more spectating.

Possibly the World's Smallest VC

Small in stature, big in dreams.

Wang Xinming: I'm China's Biggest LLM Wrapper, and I'm Not Ashamed of It at All丨elselier

He was about to lose his job, but he became one of the first people in China to get access to ChatGPT.

Sequoia Capital China: And I Choose to Start a New Table

Sequoia Capital China's culture is about winning and conviction.

AI Unicorn Factory

Script, catfish, loop, rainmaker, role model, results.

The First Lobster Batch Deployment Management Tool: How Lobster, Which Raised Millions in Funding, Wants to Help Everyone Build a "Company of One"

Some people are already pulling in tens of thousands a month from this.

Former LiblibAI Co-founder Raises Tens of Millions in USD for New Startup, Using "World Simulator" to Break Into AI Entertainment

Find a "milk-tea kind" of happiness in a self-created virtual world.

Using AI for In-Depth User Interviews, Backed by Lanchi Ventures, Hillhouse Capital, and Wang Huiwen

AI may not be great at companionship for a lifetime, but it can nail a one-hour interview.

DeepWisdom Raises $220 Million in One Year, Finally Launches First Product

Not just writing code, but launching a company.

The True Story of Huadong Wang

"He's the Haruki Murakami of China's investment world."

Vol.002 | A Conversation with Huadong Wang: Living a Haruki Murakami Life

Liang Jun's First Year at the Helm: Fangqing Tech Raises Over 500 Million RMB in Three Rounds Within Six Months

A star-studded lineup of shareholders quickly assembled.

Allen Zhu invested in a Vibe Workflow company

"Coze for Dummies"

After Leaving TikTok, He Built a Viral Video Cloning Agent — NemoVideo Raises Nearly $10 Million from IDG and Jinqiu

The core is the productivity community.

Managing $7 billion in annual ad spend, the person who understands global traffic better than anyone just built an AI agent

What happens when we treat data as a living organism?

Hongshan's Seed Fund Backs New Startup Building an AI-Powered LinkedIn

Can AI connect people with one another?

Wang Hua's Latest Prediction: The Biggest Difference Between the AI Era and the Mobile Internet Era Is Fulfillment, Not Connection

The first year is the golden window to capture the first-mover advantage on model dividends — start building now.

Before Pop Mart's IPO, an unpublished interview with Wang Ning

Only human nature never changes.

VAST Closes New Funding Round of Tens of Millions of Dollars, Says "Model as Product" Is Not a Real Product

A new path.

Exclusive | Luminous Sail Tech Raises 130 Million RMB in Three Months, with CATL Co-founder, Shokz, and Goertek Joining

The age of warring gods is back.

The Clear Path, Hidden Path, and Rocky Path of AI Fundraising

Where does the money come from?

Is Hupu Really Worth Only 500 Million After Peaking at 7.7 Billion? That's a Misunderstanding

A Misunderstood Acquisition

Ban one TikTok, and a thousand TikToks will rise in its place | Undercurrent Worldview

The Perils of Globalization for Chinese Companies

Two Tech Giants Invest in a 3D Generative AI Startup | WAVES

Meituan and ByteDance invested simultaneously.

Countless Lies About M&A in China, and One Truth

All we hear are footsteps on the stairs, but no one ever comes down.

After Raising Hundreds of Millions in Funding, Mei Tao on How This Generation of AI Entrepreneurs Should Build

When the wave comes, jump with it.

Revisiting Shan Weijian: Plain Water and Financial Storms

Drink the lightest water, close the biggest deals.

The AR path is grueling, but Xu Chi still wants to know what the finish line looks like | WAVES

Those without ideals don't grieve.

Surviving 12 Years in the Cracks: How He Finally Built China's Most Active AI Product | WAVES

Fighting back from the brink.

VAST Closes New Funding Round: Is 3D the Last Ticket for AIGC?

Will 3D Be the Future?

Let's go to Mexico with Anyong | Waves Odyssey

Join us.

Exclusive | Actually, DST Bought Xiaohongshu Secondary Shares

Mega funds still making deals.

When Moonshot AI's investors sat down with MiniMax's investors

Five individuals and two companies.

Exclusive | Moonshot AI's valuation reaches $3 billion in new round; Tencent joins after Alibaba

A full list of Moonshot AI's investors to date.

ZhenFund's Tianyi Qin: Globalization Will Unfold Cautiously in a New Form

Investing overseas, but not talking about the destination.

China's LLM Funding War: The Quick Death of Romance

Do the investors regret it?

Goodbye to a Decade of Venture Capital | Waves' Second Anniversary

Keep moving forward. Don't look back.

When the Inventor of Unicorns Stops Believing in Unicorns

Using valuation as the benchmark for a unicorn's success is convenient, but far from perfect.

Looking Back at 2023: The World Has Really Changed

These people and events reshaped 2023 — and will shape the years ahead.

Coatue's 2023 in Detail: Half Sea Water, Half Flame

Could AI become the lifeline of the economy over the next decade?

"You're only 36. You can be anyone you want to be."

Never stop moving forward.

Exclusive | The General-Purpose LLM Startup Wave: The First Battle Is About to End

Contestants, take your positions.

"This Is an Ordinary Day" | 2022 in Review

Don't summarize unless necessary.

ChatGPT is the talk of Silicon Valley, but the buzz is theirs.

"Some people laughed. Some people cried. The vast majority fell silent."

The Hidden Depths of the Primary Market

If a perfect deal is one where everyone wins, then in an S deal, that may never be possible.

Spring Comes Quietly to Guomao

For China's investment industry at this moment, the eerily quiet Guomao feels like a metaphor.

SheIn Says No IPO Plans for Now as New $100 Billion Valuation Remains Unconfirmed

SheIn responds exclusively to *Dark Tides Waves*.

The Gambler's Mirage in a Downturn: When a Fund Goes All-In on a Single Company

In the investment industry, it's as ubiquitous as air. When markets plunge, it also faces the greatest risk.