Capital Today
今日资本
Capital Today is a Chinese venture capital fund with a sharp focus on artificial intelligence, led by founding partner Kathy Xu . The firm was an early backer of Moonshot AI (Kimi), reportedly investing around $20 million and remaining one of its largest financial shareholders until Alibaba's major injection . Its AI portfolio also includes Zhipu AI, Sand AI, Horizon Robotics, Xinghai Tu, XYZ Robotics, and several robotics and model-layer companies . In 2020, Capital Today co-led Horizon Robotics' $150 million Series C1 tranche alongside 5Y Capital and Hillhouse . Kathy Xu has publicly stated she has not exited primary markets, signaling continued conviction in early-stage AI bets .
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Coverage
AI Matchmaker: A Conversation with Zeng Xinxun, Founder of Liangpei, on AI-Powered Dating
Former Moonshot AI Search Tech Lead's Dimensionality-Reduction Overhaul of Dating Matchmaking
MaHui | Sand.ai Raises Over $100M Across Two Rounds, Existing Investor Source Code Capital Continues to Increase Stake
Source Code Capital led the seed round of Sand.ai in 2024 and was one of the company's earliest institutional investors.
The Unforgettable Series C Funding of Moonshot AI
A stroke of genius.
The World Belongs to Cute: 7 Unserious Projects and 3 Global Premieres | AI Night Hunt Takes Over Shanghai
That Night, AI Sprouted a Furry Tail: Apple's Rabbit, the Travel King of the Wild, and the Ambition to Kill Disney
AI Is Here — Play the Infinite Game of Entrepreneurship | A Conversation with Cong Guangle, Founding Member of Toutiao and Founder of Piaoquan Video
A Successful Entrepreneur and His Three New AI Bets
Alphaist: A Dollar-Denominated Fund Born in 2025, and Its Ten-Year Bet
Find the founders who create something out of nothing, who insist on pushing through when the odds are against them.
Exclusive | Kimi Founder Yang Zhilin Faces Arbitration Filed by Former Investors
Another scandal at a high-profile AI company.
Who Is Horizon Robotics' Most Important Investor?
Got it?
The times have changed: VCs used to fight over talent, now VCs fight over…?
The World Hasn't Changed: In the End, It's Still a Scramble
Exclusive | Kathy Xu says she hasn't exited primary markets, and just invested in an AI company
The facts may not matter; what matters is the signal.
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.
The Investor Who Made the Most Money Off Pinduoduo
"Though millions may oppose me, I will go."
After a long absence, Sister Xu returns with 26 maxims
"You don't need a high IQ to succeed."
In the long winter of consumption, Hongshan wants to snap its fingers and find resonance.
Sparks mark the beginning of the next cycle.
Exclusive | The General-Purpose LLM Startup Wave: The First Battle Is About to End
Contestants, take your positions.
Robots, AI, and Simulation Technologies Accelerate Industrial Adoption | Rongbao · June
Technology drives industrial transformation.
July: Seeking Vast Possibilities | 5Y News Monthly
The big news from last month.
Code Moment | "XYZ Robotics" Announces Close to $40 Million Series B+ Round, Existing Shareholder Source Code Capital Continues to Double Down
Leader in Robotic "Hand-Eye Coordination" Technology
XYZ Robotics Closes Nearly $40 Million Series B+ Round to Build Next-Generation Vision-Guided Robotics Solutions
Intelligent, flexible, and agile.
5Y News | XYZ Robotics Closes Nearly $40 Million Series B+ Round
Building next-generation intelligent, flexible, and agile vision-enabled robotic solutions.
5Y News | HAI Robotics Announces Completion of Over $100 Million D+ Funding Round
Let logistics robots serve every warehouse and factory.
Xingji Raises Hundreds of Millions of RMB in Series A+ Round to Advance In-House Development of Digital Implementation EDA Products
Let's work together to usher in a new era of digital intelligence.
October is full of hope and fervor | 5Y News Monthly
The major events from last month.
Source Code Capital portfolio company HAI ROBOTICS raises over $200 million across two rounds, with existing shareholder Source Code Capital continuing to increase its stake
Accelerating its global expansion, the company's operations now span more than 30 countries and regions across five continents.
5Y News | Hai Robotics Announces Two Rounds of Funding Exceeding $200 Million, Bringing Logistics Robots to Every Factory and Warehouse
A global leader in carton-based autonomous mobile robot (AMR) systems for warehouse automation.
FreeS Family Funding News · July | PatPat, Yanming Biotech, Qbit, and Innostar Secure Financing
We've also released three short videos this issue — follow us to check them out.
Source Code Capital portfolio company "XYZ Robotics" announced the completion of a $35 million Series B round, with existing shareholder Source Code Capital continuing to increase its stake.
"Pick Anything. Place Anywhere"
XYZ Robotics Leads the Robotic Hand-Eye Coordination Race, Closes $35 Million Series B Round
Accelerating the arrival of fully autonomous perception and manipulation for robots.
5Y News | XYZ Robotics Leads the Robot Hand-Eye Coordination Race, Closes $35 Million Series B Round
Liberating human hands, transforming the productive efficiency of society.
5Y News｜Horizon Robotics Plans to Raise Over $700 Million in Series C, Completes C1 Tranche
Horizon Robotics announced the completion of its Series C1 funding round, with continued backing from 5Y Capital.
Source Code Capital portfolio company Linji Convenience Store announced the completion of its $30 million Series B round, with existing investor Source Code Capital continuing to increase its stake.
Linji Convenience Store's average daily sales per store exceed 6,000 yuan, with comparable store sales up more than 50% year over year.
2 Companies Close Funding Rounds, 5 Complete Strategic Upgrades, 9 Win 6 Major Awards | Source Code Capital Monthly · January
"Ma Hui Chronicles" documents our members' incremental progress, shares the joy of growth, and looks forward to an even brighter future.
Source Code Capital Portfolio Company Community Group-Buying Platform "Linlinyi" Raises $30 Million in Series A Funding, Existing Investor Source Code Capital Continues to Increase Stake
Community group buying could be the prototype for the next generation of e-commerce.
Video Technology Company YouHua Tech Raises Tens of Millions of USD in Series B Funding | Gaorong Ventures News
We will continue to increase R&D investment. Strong technical and product capabilities are the foremost conditions for winning in the video space.
Yi Cao Named to 2017 China Top Venture Capitalists TOP50
Jiemian and Toutiao jointly released the "Top Venture Capitalists in China" list for the first time.
