MFund
Mfund 魔量资本
MFund is a Chinese venture fund founded by Hu Zemin in 2013, after he left Baidu following its acquisition of 91 Wireless, the company he had led as CEO . The fund's early LP base included Colin Huang (Pinduoduo's founder), who became connected to Hu through mutual friends and even moved near his home . MFund invested personally in Pinduoduo's Series A and then institutionally in its Series B, making what 暗涌Waves described as the most lucrative bet on the e-commerce company . The fund also backed Flexiv, a general-purpose robotics startup, participating in its early rounds and following on through at least its Series C in 2025 . In Chinese sources MFund appears interchangeably with "Mfund 魔量资本" (Magic Amount Capital) .
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Coverage
ZhenFund early-stage portfolio company Flexiv completes Series C funding round of over $100 million, marking acceleration in general-purpose robotics commercialization | Z News
Proceeds from this round will primarily go toward capacity expansion, R&D, and ecosystem development.
Autumn Dreams, Good Fortune on the Breeze | Z News
A hint of coolness in September.
4 Stanford PhDs Crash Into a Trillion-Yuan Track | Z Circle
Force control is a critical, necessary step toward humanoid robots.
The Investor Who Made the Most Money Off Pinduoduo
"Though millions may oppose me, I will go."
Flexiv Unveils First Adaptive Robotic Arm, Bringing Third-Generation Robotics Technology
The world's first adaptive robot made its debut at the 2019 Hannover Messe in Germany.




