Lenovo Capital and Incubator Group
联想创投
Lenovo Capital and Incubator Group is Lenovo's corporate venture arm, led by partner Song Chunyu, who has been with Lenovo for over two decades . The firm has built a concentrated portfolio in artificial intelligence and hard tech, backing more than seventy AI-related companies since its formal establishment, including 4Paradigm, Megvii, Cambricon (which it has supported across four consecutive rounds), SmartMore, and LangBoat . It has also made notable bets in new energy and mobility, with investments in CATL and NIO . More recently, it has co-led deals in robotics and embodied intelligence, including Direct Drive Tech's Series A in 2022 alongside Pine VC , and participated in Weifen Zhifei's Series A1 round in early 2026 for embodied flight intelligence .
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Coverage
Drinking Beer with Lex Fridman in Beijing
He's come to China too.
elsewhere别处发生·5Y News | Weifen Zhifei Raises Hundreds of Millions of RMB in Series A1 Funding to Accelerate R&D and Commercialization of Embodied Flight Intelligence
WeDifferential Intelligence has closed a Series A1 funding round worth several hundred million yuan.
五源资本·An Underwater AI Chip Company Raises 1 Billion Yuan, Targeting Large Model Inference
Walking between two "hands."
暗涌Waves·Deep Potential Technology's 800 Million Yuan Raise: From Research Workshop to China's DeepMind
Six key short stories.
暗涌Waves·Linear Capital's seed-round lead portfolio company Deep Principle has closed a nine-figure RMB Pre-A strategic financing round, with existing investor Linear Capital increasing its stake.
Leading the AI4S Track, Igniting an Intelligent Revolution in the Microscopic World
线性资本·A VC Lesson from Tian Xuan
Thirty years, a journey of departures and returns.
暗涌Waves·A Globalization Guide for Chinese Founders: Slicing the World Horizontally
The word "globalization" — so brief, yet it encompasses so many narratives.
暗涌Waves·Tang Xiaoou and His Unfinished AI Puzzle
The Unfulfilled Ambitions of a 55-Year-Old Scientist
暗涌Waves·Legend Capital's Song Chunyu: China's AI Decade — Missed Opportunities and Missteps
Will This AI Wave Repeat Yesterday's Story?
暗涌Waves·"Whatever one man can imagine, other men can make real" | 5Y News Monthly
The major events from last month.
五源资本·Beyond What Meets the Eye | 5Y News Monthly
The big news from last month.
五源资本·Linear Academy|Former Founding Team Executive on How OnePlus Navigated Its Early Startup Days
Recently, Linear Academy invited the former VP of OnePlus's Platform Center and a founding team executive to share his insights with Linear Academy friends in an online session. He discussed OnePlus's startup phase, acceleration period, and development lessons to date, with particular focus on how a relatively niche brand built global influence in the smartphone market. We've compiled portions of his talk to share with you. Below is a transcript of Gong Yin's remarks.
线性资本·5Y News | 5Y Capital Portfolio Company Direct Drive Tech Closes Nearly RMB 100 Million Series A Round
Focused on the R&D and commercialization of direct-drive power solutions for robotics.
五源资本·How Do Next-Generation Brands Become Global Brands? Anker's "Guns and Roses" | Ronghui Practical Sharing
At the end of the day, it's about winning over consumers.
高榕创投·Cloud-native intelligent industrial design SaaS provider Shexu Technology closes Series A funding
Establish an intelligent design technology system for industrial machinery design scenarios.
高榕创投·Shexu Technology Raises Tens of Millions of RMB in Angel Round to Build Industrial Intelligent Design and Manufacturing Cloud Platform
AI + SaaS, making industrial design smarter.
高榕创投·Dingdong Maicai's Liang Changlin: We Oppose Gimmicks and Tricks, We Do the Hard and Unsexy Things | Gaorong Ventures Share
Dingdong Maicai's Four Non-Consensus Beliefs: Retention Is King, Efficiency Is Life, Exponential Thinking, and the Seed Theory.
高榕创投·FreeS Fund Angel-Round Portfolio Company SoundAI Technology Closes RMB 200 Million Series B Round | FreeS Funding News
AI technology must be deeply integrated with industry know-how.
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