Dayone Capital

Dayone Capital (日初资本) is an investment fund whose overseas business was led by Ruan Fei, a venture capitalist with roughly a decade of experience in cross-border investment. Ruan, who holds dual degrees from Peking University in electronics and international relations plus a graduate degree in physical electronics, previously served as an investment director at Sinovation Ventures and a senior investment director at Fosun RZ Capital before joining Dayone as head of its international operations . The fund was reportedly raising a USD-denominated vehicle targeting tens of millions of dollars as of early 2026 .

elsewhere's corpus does not contain substantial independent coverage of Dayone Capital itself — the fund appears primarily through Ruan Fei's career trajectory and in background references to other firms.