Junjie Yan
闫俊杰
Junjie Yan is the founder and CEO of MiniMax, a Chinese AI foundation-model company that went public on the Hong Kong Stock Exchange in January 2026 . He was previously a Vice President at SenseTime before starting MiniMax in 2021 . Yunqi Capital, his earliest backer, invested at the angel round after partner Yu Chen met Yan in spring 2021—before "large model" had become an industry buzzword—drawn by Yan's AGI vision and technical conviction . In investor accounts, Yan is described as intensely focused and technically driven; Oasis Capital's Jinjian Zhang cites him as a case of "the power of focus," noting that Yan's success was built over years rather than overnight . As of mid-2026, Yan was positioning MiniMax to compete across both large-parameter models and cheaper, faster "Flash" variants while operating its own compute infrastructure .
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Coverage
God Mian's Faith Open Lecture Is Here
Learn it right now!
Falling in Love with MiniMax All Over Again
"Fat Cat" is here.
MiniMax First Half Report: ARR Exceeds $800M | Luzhou Shengmingli
Accelerating the Path to Commercial Scale
When the pure-hearted are lonely, they create a world of their own.
Hear your own voice.
A Conversation with MiniMax's Junjie Yan: M3, Project 10X, the 10T Model, and the Endgame of Intelligence
A Conversation with MiniMax's Junjie Yan: M3, Project 10X, 10T Models, and the Endgame of Intelligence
When intelligence approaches the tipping point.
Yunqi Capital's Chen Yu: When Technology Paradigms Shift, Long-Term Opportunities Never Arrive Linearly | Yunqi Insights
Seeing the Long Term in Variables
Booster Robotics' Portfolio Company MiniMax Kicks Off A-Share IPO: ARR Doubled in Two Months as AI Leader Accelerates Evolution | Yunqi Partners
Advancing Toward an AI-Era Platform Company
The Unforgettable Series C Funding of Moonshot AI
A stroke of genius.
Who's the World's Top FA? Not Fan Bao
"Not Fan Bao" April 27, 2026 Qiu Mu *Burying AI* If you clicked on this headline, you probably already know the answer. Allow me to formally introduce — the unicorn factory that hit a $1.3 billion valuation before its product even officially launched, the King Maker holding several "AI Douyins" and world-model projects, the benefactor of Lovart's Melvin Chen on his road to success, the Farsighted Capital that uses Wu Ma as its own Dou+. As the most accomplished player in the current meta of China's venture capital market...
A Conversation with Manycore's Huang Xiaohuang: Fifteen Years as a Founder, Still a Youngster at Heart
A story about trust, growth, and mutual success.
MiniMax Surges Over 356% in 108 Days, First Post-IPO Earnings Beat Expectations | Yunqi Capital
Model leap + commercial validation: continuous companionship, continuous evolution!
Jinjian Zhang: The Process of Living Out Your Vision Is Participating in the Vitality of Life
Alive, Denoised, Focused
Hello, the Great Age of AI Entrepreneurship — Pony Ma, Yiming Zhang, and the Day 0 Moment of 21 People
The era rewards those who bravely take half a step forward through the fog of Day 0.
Oasis Capital Portfolio Company MiniMax Founder Junjie Yan Attends Premier Sam Li's Symposium | Oasis Vitality
Counselor Vitality
Yunqi Capital Portfolio Company MiniMax Founder and CEO Junjie Yan Participates in Premier Li Qiang's Symposium
Growing Steadfast Through the Waves
The Fundraising Stories of China's "Six Little Tigers": Six Paths, Six Lives
If Kimi ever goes public, will the bell-ringing photo look very different?
Congratulations to Yunqi Capital portfolio company *MiniMax* on its successful listing on the Hong Kong Stock Exchange! | Yunqi Capital
Never Stop Moving, Witnessing Growth
MiniMax Goes Public: The $1.5 Billion Fundraising Blitz, 15 Reasons Investors Bet on It, and How Long Each One Lasts
One Year in AI, Five Years on Earth
Merge the "Six Little Tigers" to build China AGI.
"Merge the Six Little Tigers"
Yunqi Capital Doers | MiniMax's Junjie Yan and Yonghao Luo's Four-Hour Deep Dive on "Hard but Right"
Before consensus emerges, choose the hardest path.
New Model Drop: MiniMax M2, Built for Agents | Oasis Capital Vitality
Counselor Vitality
On Y Transformers, We Spent 20 Questions with Crossroads You Care About | Please Answer 1998
Not Just Investing in People, But Recruiting Them Too
Yunqi Capital Searches for "Post-'98" AI Founders: Faster, Lighter, More AI-Native
Yunqi Capital set aside a dedicated fund, targeting AI founders born after 1998.
Seeing the Rhythm in Progress | Vital Monthly
Counselor Vitality
Premier Li Qiang's Message to Oasis Ecosystem Companies | The Vitality of Oasis
Vitality Advisor
Yunqi Family at WAIC: New Products, New Trends, New Connections — All in One Place | Yunqi Capital x World Artificial Intelligence Conference
Models Get Smarter, Agents Work Harder, Robots Stay Busier
MiniMax Founder Junjie Yan's WAIC Keynote: AI for Everyone | Oasis Vitality
Counselor Vitality
WAIC Opens Today, Yunqi Capital Lineup Is Ready | Yunqi Capital x World Artificial Intelligence Conference
This schedule is worth bookmarking.
9 Million People, the World's Largest AI Community and Its Underground Guru: An Exclusive Conversation with AJ of "Way to AGI"
She's not the one who writes the rules — she's the one who lights the spark.
Ten Years of Entrepreneurship: The Stories of People Coming and Going in Kai Yu's Eyes at Horizon Robotics | Linear Voice
The only way to change the script is to change yourself.
MiniMax Open-Sources Its First Unified Visual RL Framework, Launches Orsta Model Series | Yunqi Capital
Recently, **Yunqi Capital portfolio company MiniMax**, a leading domestic model startup, officially open-sourced its first unified framework for visual-task reinforcement learning (RL) — **V-Triune** — and simultaneously released the new **Orsta model series (7B–32B)** trained on this framework, which demonstrated significant performance gains on the MEGA-Bench Core benchmark.
Yunqi Capital's Chengyu Mao in Conversation with SenseTime's Xu Li: 2025 — Is AI Entrepreneurship Getting Harder?
Run with a marathoner's mindset — just keep going.
General Secretary Xi Jinping Visits Shanghai for Inspection, Oasis Ecology Enterprise Delivers Key Briefing | Oasis Vitality
Counselor Vitality
Yunqi Capital's Back-to-Work Special: 2025 — Talking Confidence with Tech Founders and Partners
The Lunar New Year holiday just past was anything but quiet in the global tech world. DeepSeek — that "mysterious force from the East" — shattered the assumption that top-tier AI performance requires top-tier computing power, reshaping the global AI landscape through a series of technical innovations and planting a seed of confidence for the year of innovation ahead.
Five Embodied AI Entrepreneurs on Commercial Logic, Breaking Through Bottlenecks, and Differentiation Strategies | Yunqi Shiganpai
Chatting with Yunqi Capital, Astribot, Noematrix, Keenon Robotics, and RealMan Robotics
MiniMax Drops New Model: New Architecture, and It's Open Source | Yunqi Capital
Becoming the "Ready Player One" of the Agent Era
Yunqi Capital in Conversation with MiniMax's Junjie Yan: Looking Back at 2024, What Changed and What Stayed the Same in AI Entrepreneurship | Yunqi Doers
On Original Innovation Intent, Technical Roadmap, and Product Portfolio
Wisdom Cultivates the New, Striding Forward on Ten Years | Yunqi Capital 2024 Investor Annual Meeting
Seize the present, embrace the future.
ByteDance Is Dancing, Alibaba Is Restless, the AI Six Little Dragons Are Shaken — A Year-in-Review of the Foundation Model Wars with *LatePost*
Elephants can dance, and ByteDance keeps on dancing.
"MiniMax," "Infinigence AI," and "LimX Dynamics" Selected for 36Kr WISE2024 Business King Annual Enterprise and Individual Series List | Oasis Capital Vitality
Counselor Vitality
VAST Closes New Funding Round: Is 3D the Last Ticket for AIGC?
Will 3D Be the Future?
MiniMax's Large Model: 3 Billion Daily Interactions with the World | Oasis Vitality
I need more context to translate this accurately. "参赞生命力" could mean several things depending on context: - **"参赞" as a diplomatic title**: "Counselor [on] vitality/life force" — but this would be an unusual pairing - **"参赞" as "participate in and support"**: "Engaging with and nurturing vitality" or "Contributing to life force" - In a **wellness/health product or brand context**: could be something like "Vital Counsel" or "Vitality Advisor" Could you provide the surrounding text or context? For example: - Is this a product name, article headline, or section title? - What topic is the full article about (health supplements, traditional Chinese medicine, a diplomatic event, etc.)? - What comes before and after this phrase?
Back-to-School Review: Is MiniMax's New "Multimodal Family Bucket" Any Good? | Yunqi Capital
Video, music, voice — it can do it all. Let's test it out together.
Becoming China's Most Daily-Interaction Heavy AI Company: 15 Things MiniMax Got Right
There are two optimistic signals regarding large language models.
MiniMax and Oasis Capital were named to *Wealth* magazine's 2024 "40 Under 40" China business elite list.
Counselor on Vitality
3 Yunqi Capital Portfolio Founders Named to *Fortune* "40 Under 40" China Business Elite List | Yunqi Capital News
Riding the Current with Innovators Beneath the Surface
WAIC 2024 Observations: AI Comes Down to Earth | Yunqi Capital Attent!on Tech Notebook
Robots, foundation models, AI applications — what new heights are they reaching in China's race to the top?
You've Got an Invitation | Yunqi Capital X WAIC
For three years running, we've come.
Consensus Within Non-Consensus: A Conversation Among China's LLM Investors | Yunqi Tech π
New Wave, New Future
Minimax's Yan Junjie in Conversation with Huang Mingming: AGI, There's Only One Path — the Hardest One
A Conversation on Non-Consensus and Long-Term Optimal Solutions
"MiniMax," "VAST," "Yunqi Wuyin" and Other Founders Make 36Kr's Under36 List | Oasis Capital Vitality
Celebrate vitality.
Yunqi Capital's Chen Yu: How He Became the Earliest Investor in MiniMax | "Attent!on" Crossover with "Jun Zhang's Business Talks"
Let's Talk About the Present and Future of LLM Venture Capital
Vol.04 Yunqi Capital's Chen Yu: First to Bet on MiniMax, Behind the Scenes of LLM Investing | Crossover with *Zhang Xiaojun Jùn | Business Talk*
Yunqi Capital Spring-Summer Issue | In the Bright Season, Innovation Grows with Wanwu Capital
AGI Practice, Business Breakthroughs, and Reflections This Spring and Summer
MiniMax's Junjie Yan: Today's AI Apps Won't Become Super Apps, But That Doesn't Matter | Oasis Vitality
Counselor Vitality
MiniMax Founder Junjie Yan: First Principles on the Path to AGI | Yunqi Capital
What really needs to be done is to make technology and product iterate fast enough.
Yunqi Capital | Let Ordinary People Use AI — Angel-Round Investee MiniMax Launches "Hailuo AI"
Ready-to-Go "Life Buddy"
A Conversation with Junjie Yan of MiniMax: AGI Isn't a Doomsday Weapon, It's a Product Ordinary People Use Every Day | Oasis Vitality
Counselor Vitality
Yunqi Capital | In Conversation with MiniMax's Junjie Yan: AGI Isn't a Weapon — It's a Product Ordinary People Use Every Day
MiniMax is already one of China's most highly valued large language model companies.
China's LLM Funding War: The Quick Death of Romance
Do the investors regret it?
