Mingming Huang

Mingming Huang is the founding partner of MingShi Capital (明势资本 / Future Capital), an early-stage venture firm he established in July 2014 after leaving angel investing . He is best known in the industry for his concentrated, high-conviction bets in new energy vehicles—famously "7 rounds of加注" into Li Auto—and for his early and sustained advocacy of AI, having led MiniMax's earliest funding round and remained its lead investor through its rise as one of China's highest-valued large-model startups . In 2023, he took MingShi's portfolio companies on two trips to the Middle East to explore market expansion there, sensing what he described as "a massive transformation underway" in the region . As an investor, he frames sectors in epochal terms: missing EV, he has said, "equals missing an era," and he views AGI as "a race China cannot afford to lose" .