MiniMax Group Inc.
MiniMax
Coverage
God Mian's Faith Open Lecture Is Here
Learn it right now!
当 Claude Code 支持「多人联机」，大家一起写代码是什么体验？
我们试着把 AI 的工作过程也 Git 起来。
Talking Embodied Artificial Intelligence with Yu Chen: Embrace the Bubble, but Manufacturing Must Eventually Do the Math | Yunqi Capital Insights X Tencent Technology
The truly slow and expensive variable is data accumulated bit by bit by people in the real world.
Vol.19 Scaling Isn't Just About Stacking Data: Three Embodied AI Founders on World Models, Talent, and Real-World Deployment
RunningHub Launches World's First AIGC Feature-Length Film Competition with 5.5 Million Yuan Prize, Backed by Cixin Liu
What truly moves people is always "story" and "emotion."
The Next App Boom Opportunity: When Real-Time Video Generation Arrives
The Next App Explosion: When Real-Time Video Generation Arrives
Moving Forward Along New Coordinates｜Vital Monthly
Advisory Vitality
The Full Story of Alibaba's Investment in Moonshot AI
Game Changer.
MiniMax H3 Max: Faster Than Playback, AI Video Enters the Era of Real-Time Interaction | Luzhou Shengmingli
24-Hour AI Livestream Launches
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
Yu Chen on Tech Investing: Beneath the Hype, What Is Long-Term Value? | Yunqi Insights
Finding the Constant in Change
Yachen Song: Advancing Civilization for the World, Creating Happiness for Humanity | North Slope Project
This grove may still be just a thicket of shrubs, but one day it will grow into a forest.
Large Language Models Are a Brutal Manufacturing Business
Get Yu Hao to train the model, stat.
Moonshot AI's Return to Glory
Good fortune lies ahead.
How Do LibTV's New Original Features Work? We Tested Them Hands-On
While AI model vendors battle it out on the front end, LibTV is using agents to capture long-tail creators from behind.
Big Models Can Work, But Dongmodi Knows How to Fly
Which Browser Is Best for Running AI Models?
The Other Half of AGI
"She is everywhere."
Autumn's First Whispers, Wanwu's Harvest | Vital Monthly
Counselor Vitality
Meituan's LLM Is as Free as Its Delivery Service
Bullish on Meituan building world models
MiniMax Steals Big Results with H3
"Saving the model through a detour" — a pun on 曲线救国 ("saving the nation through a detour," a historical euphemism for indirect approaches), applied to AI model development or distribution strategies that work around direct obstacles (regulatory, technical, or competitive).
What model is the world?
"Big Club's Game"
MiniMax Releases H3 Model, Building a General-Purpose Creation System | Oasis Capital Vitality
From Generating Video to Understanding Creation
11 Years, $11 Billion, and Then What? | A Conversation with Airwallex's Kai Wu: The AI Era and the Road to $100 Billion
11 Years, $11 Billion, and Then What? | A Conversation with Airwallex's Jack Zhang: In the AI Era, the Next Stop Is $100 Billion
Yunqi Capital Quarterly Q2 | In the Height of Summer, the Future Takes on More Concrete Shapes
A Quick Update on Yunqi Capital
What Are Investors Worried About in AI's Hottest Six Months?
If the AI industry starts "popping bubbles," which category of companies would be the first to get repriced?
What Are Investors Worried About After AI's Hottest Six Months?
If the AI industry starts "deflating," which category of companies will be the first to get repriced?
Yunqi Capital WAIC Recap | Four Days That Weren't Enough, and Where AI Is Headed Next
The future belongs to the doers.
Please find attached: Yunqi Capital's WAIC 2026 Roaming Guide
Browsing exhibitions by day, hitting up events by night.
I'm here to apologize to MiniMax.
Fat Cat, please let me go 😭
Former Huawei Autonomous Driving AI Lead Huang Qingqiu Joins Moqi Intelligent Technology, Which Raises Over 1 Billion Yuan for General-Purpose Robots
General-purpose robots will inevitably become humanity's super terminal in the physical world.
Redefining the Boundaries of Intelligence Through Action | Vital Monthly
Total Funding Exceeds 1.5 Billion Yuan: VAST and Lxson Secure Additional Financing
A Conversation with HiDream.ai's Tao Mei: Big Tech Is a Machine Gun, Startups Only Have One Magazine
Bullets are scarce — every shot has to count.
Zhipu AI and Anthropic are only as distinguished as their offspring — or rather, their models.
Put GLM 5.2 through the wringer.
Liblib, what's your dream?
Here's to hoping we can keep winning.
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.
Vol.17 48-Hour Xiaohongshu Hackathon Hit: How an AI Native Product Broke the 'Retention Curse'
Moonshot AI watches the sky and begs for food
The Chosen One of the Patch *(gaming slang: a character, build, or strategy that is disproportionately powerful in a particular game update/version, often used metaphorically to describe someone or something that is perfectly positioned to succeed under current conditions)*
The Voice AI space is heating up, and a startup called Hojo has emerged.
Voice AI is another storyline entirely, separate from general-purpose large language models.
Yunqi Capital's Chen Yu: When Technology Paradigms Shift, Long-Term Opportunities Never Arrive Linearly | Yunqi Insights
Seeing the Long Term in Variables
Macaron Uses AI Short Drama to Fool Investors
"Pulling oneself up by one's own bootstraps" — a self-perpetuating cycle that defies gravity.
Reunderstanding the World Through a New Paradigm | Vital Monthly
Counselor Vitality
MiniMax Quietly Launched M3 and MiniMax Code — Here's What We Found After Testing Them
Cutting-edge coding capabilities, a 1M context window, and native multimodality.
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
FDE: Is the Call for Career Transformation in the AI Era Already Sounding?
From Super-Individual to Super-Role.
The Unforgettable Series C Funding of Moonshot AI
A stroke of genius.
Agents No Longer Rely on Language Alone to Understand the World | Vital Young
Language is not the world; it is merely humanity's abstract encoding of it.
Hands-On Review: MiniMax Just Dropped Mavis. What Is It?
Assemble Agents from monolithic individuals into collaborative Agent Teams.
Morning Star | Lixue Xia on Building the 'Most Efficient Token Factory'
China will become the world's "token factory" in the future. In the past, Made in China meant manufacturing. Now, it's AI Made in China.
Slock Explains Why AI Group Chats Don't Work
Humans win, win, win; AI loses, loses, loses.
The Long Summer Begins, Systems Take Shape — Vital Monthly
Recording the Changes of April
ClawCon's China Debut: A Week of Immersive AI with BlueRun Ventures and muShanghai
In Shanghai, Witnessing a Collective Resonance Among AI Creators
When We Talk About Harness, What Are We Really Talking About | Deep Dive: Minimax × Hermes Agent
Beyond Language: What If Agents Had Five Senses | Vital Young
May 14 — come to the fair.
Qiming Venture Partners Weekly | Top 10 Portfolio Company Updates Vol.15, April 28, 2026
Staying with you to mark the milestone moments of Qiming Venture Partners' portfolio companies
Vol.16 Tsinghua Entrepreneur-Scientist Huazhe Xu: From Intelligent "Hatching" to Home Embodiment, Stubbornly Chasing Originality in the AI Wave
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...
Yunqi Capital Ranks Top 4 in ChinaVenture Honors: Grounded in AI's Core Narrative, Envisioning a New Era of Technology | Yunqi Bulletin
Building a Bright Future Through Technology and Innovation
When We Talk About Harness, What Are We Really Talking About | Deep Dive: MiniMax × Hermes Agent
The Lobster Recedes, the Horse Tamer Takes the Stage
MiniMax's Next Play: Model × Harness
Is MiniMax Building Its Own Model + Harness Ecosystem?
Yunqi Capital Portfolio Company Manycore Tech Lists on Hong Kong Stock Exchange: From First Institutional Investment to the IPO Bell
13 Years Alongside a Peer, Witnessing the Birth of "The World's First Spatial Intelligence Stock"
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.
Two Rounds, Nearly $100M in Four Months: AI Is Actually Helping Creators Make Money | A Conversation with K2Lab Founder and Former DingTalk VP Ming Wang
Has the Era of Intent-Based E-Commerce Begun?
Yunqi Capital Quarterly Q1 | Keep Moving Forward, Answers Lie Ahead
A Quick Look at Yunqi Capital's Latest
Just now, MiniMax officially released Music 2.6 — we hacked together a set of Skills.
Music generation, fully Cli + Skill-ified.
"Octopus Power" Secures Hundreds of Millions in Funding Led by Top Singapore VC K3, with Linear Capital Continuing to Invest | Linear Portfolio
Lay a more solid foundation for the go-global strategy.
Vol.15: The Post-'98 Founder Who Built a $20M Business in Two Years — On Building an AI That Talks Back | A Conversation with Kicker's Founder
Spring Awakens All Things, Growth Is in Full Swing | Vital Monthly
Share some good news from March.
Yunqi Capital Team | New Promotions and New Members: Rooted Downward, Growing Upward
Let's grow and get better together!
"The 100 Million Token Club" Is Packed — AI Is Running Out of Fuel | A Conversation with Wenyuan Yu: Technical Lead of Alibaba Cloud Bailian
Agent Ignites the Compute Explosion
After 13 Years, Manycore Tech Clears Hong Kong Stock Exchange Listing Hearing | Qixing Chronicles
Set to become the "world's first publicly traded spatial intelligence company"
The Human-Centered AI Era: Yunqi Capital Donates to Shanghai Jiao Tong University's Yuanqi Development Fund — Phase II
Where the humanities and sciences soar together, wisdom and intelligence share the same hue.
The Lobster Farmers Have Already Started Rebuilding the World | Yunqi Capital X MiniMax OpenClaw Meetup Recap
What Is Agent Actually Changing?
MiniMax Releases M2.7: When Models Start to Self-Evolve | Oasis Vitality
The way productivity is organized is about to change
Piecing Together the First Fragments of the OpenClaw Ecosystem | A Yunqi Portfolio Company "Shrimp Catching" Chronicle
Claiming a Spot in the Crayfish Ecosystem
Yunqi Capital × MiniMax: An OpenClaw Meetup That Went Far Beyond "Shrimp Farming"
Founders-Only Gathering
Spirit AI's Lingyin Zheng: Stay Professionally Alert, Let Everything Happen | Oasis Capital Vitality
Maintaining a delicate balance is, in itself, the greatest value.
This Product Hunt #1 Monthly Agent Built a Cloud-Based Agent Team
What Else Can General-Purpose AI Agents Do?
A New Species Is Born: Let's Talk About Bringing "Lobster" Into Daily Life | Vital Young
When OpenClaw Crawls Out of the Screen
OpenClaw in the cloud is even more of a non-starter.
Cloud OpenClaw is the biggest scam of the 21st century
MiniMax Surges Over 356% in 108 Days, First Post-IPO Earnings Beat Expectations | Yunqi Capital
Model leap + commercial validation: continuous companionship, continuous evolution!
OpenClaw is worse than a dog
Openclaw goes Android, Manus goes Apple
When MiniMax Meets OpenClaw: "1, 2, 3, Link Up!"
When we connected OpenClaw to the MiniMax expert agent.
Jinjian Zhang: The Process of Living Out Your Vision Is Participating in the Vitality of Life
Alive, Denoised, Focused
Yunqi Capital's Back-to-Work Special: 17 "AI Moments" From the Lunar New Year at a Tech VC Firm
We co-created an AI watch.
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.
When all the AI competitions are about how high you can fly, this AI is about whether you can eat your fill.
This Spring Festival, we handed everyday, down-to-earth questions off to Xiaotuan AI.
MiniMax M2.5 Released, Accelerating the Era of Agents for Everyone | Oasis Capital Vitality
$1/hour, the real-world work champion
Chinese New Year is here, and MiniMax has played its "trump card."
From Group Chat Assistant to App Prototype: A Hands-On Test of MiniMax 2.5
Qiming View | Three AI IPOs in First Weeks of Year: Qiming Venture Partners' Alex Zhou on Following Power Law, Betting on Long Slopes and Big Tracks in Tech
To Alex Zhou, an IPO is a staging ground — a place to face tougher challenges, build up strength and resources, and prepare to strike.
At the Start of Spring, All Things Renew — Vital Monthly
Counselor Vitality
At This Year's Year-End Party, My Colleague Got Upstaged by AI | A Yunqi Capital Holiday Gathering Notes
AI, and each other
"Cyber Employee" Clawdbot Goes Viral in Silicon Valley — Meet the Brain Behind It | Yunqi Tech π
When Clawdbot Met MiniMax
StepFun Closes New 5 Billion Yuan Funding Round: Racing for Endpoints, Crunching Numbers, and the Ultra-Marathon Ahead
StepFun has raised 5 billion yuan in fresh funding, setting a new single-round record for the sector over the past 12 months, as the battle for end-user devices heats up.
The Four AI Tigers Enter the Brutal Competition
Stubborn as a knife's edge
Jinjian Zhang: In the Age of AI, Live as Yourself
"Long Action, Short Thinking"
Meet the Most Active CVCs of 2025
Now I know who to farm for gold coins 👋😭👋
E10. Jinjian Zhang: In the Age of AI, Live as Yourself
I let MiniMax take over my computer, and here's what happened...
When an agent lives only inside a web page, its capabilities hit a hard ceiling.
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 First Annual Bury-the-AI-Hype Competition (Beijing Offline Event)
Got a gig, come quick.
Dancing with Love, Zhang Huaiting: Staying a Calm "Value Builder" Amid the AI Hype
Make decisions toward your goals, not away from your difficulties.
A Conversation with Huaiting Zhang of Yuaiweiwu: The Veteran Founder Who Doesn't Take Detours | BlueRun Ventures Family Spotlight
"Founders never truly fail."
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
Those Who Made It Out Alive
Counselor Vitality
Rooting Deeper, Moving Forward | Vital Monthly
Advisors on Vitality --- *Note: This appears to be a title/heading only. "参赞" can mean counselor/advisor (as in diplomatic title), or in classical Chinese "to assist and plan." "生命力" means vitality/life force. Without additional context, this is the most natural rendering. If this refers to a specific publication or concept, please provide more text for precise translation.*
What AI Actually Looked Like in 2025
22 real moments documenting how AI is used, loved, questioned, misunderstood, and depended upon in reality.
Merge the "Six Little Tigers" to build China AGI.
"Merge the Six Little Tigers"
On the last day of 2025, MiniMax began its IPO roadshow.
Gunning for the title of "first AI large-model IPO."
Li Shanyou in Conversation with Yachen Song: Building the World's Most Powerful AI 3D Foundation Model in Three Years | Oasis Vitality
"Everyone has their own happiness, and that matters a lot to me."
Where Did the Money Go? Who's Still Writing Checks? A 2025 VC Debrief With Jing Liu
VC takes a certain amount of instinct.
MiniMax M2.1: 10B Active Parameters, Claims Global SOTA in Multilingual Coding | Yunqi Capital
Let the hard tech speak for itself.
Plaud Excels at Guerrilla Warfare
The Most Respectful Episode for Shenzhen Yet 🦾
MiniMax's Hailuo AI Open-Sources VTP for the First Time, Cracking the Scaling Law for Visual Tokenizers
Where many teams have hit a wall, a new direction has emerged.
Investing in 50 AI Companies a Year; What Was I Thinking When None of Us Knew the Answers? | A Conversation with Jie Yang: Founding Partner of Jinqiu Fund
The moment the wind picked up.
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.
China as a Variable Reshaping the Global Innovation Landscape | Oasis Capital x BRIDGE Summit
Adviser Vitality
Congratulations to JD Industrials on Its Successful Hong Kong Stock Exchange Listing | Yunqi Capital
Technology-enabled, with a promising future ahead.
An Invitation to Global Innovators | Oasis Capital x BRIDGE Summit
Councilor Vitality
Perceiving the Growth of Structure in Late Autumn | Vital Monthly
Counselor Vitality
Yunqi Capital | MiniMax M2 ranks among the top three globally in API calls — but what capability is actually worth paying attention to?
The "Mystery" of Interleaved Chain-of-Thought
2025 AI Scene: What We Witnessed and Imagined This Year
There is no turning back — the only way forward is through.
New Model Drop: MiniMax M2, Built for Agents | Oasis Capital Vitality
Counselor Vitality
Yunqi Capital | MiniMax M2 Goes Open Source, Another Leap for AI Productivity
Built for Agents and Code, at Just 8% the Price of Claude Sonnet
MiniMax Drops Major Version Upgrade: M2 Hits the Benchmarks with Free Access — Here's Our First Look
Smart is the starting point; capable is what gets things done.
On Y Transformers, We Spent 20 Questions with Crossroads You Care About | Please Answer 1998
Not Just Investing in People, But Recruiting Them Too
Harbin Institute of Technology's Meng Weikang: Giving Attention "Edges" | Attention
Counselor Vitality
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.
Taking the Initiative Amid Change | Vital Monthly
Counselor on Vitality
"Language Models Have Hit a Wall; 3D Foundation Models Are Just Getting Started" | A Conversation with VAST Founder Yachen Song on Two Years of "Wild Ride" in 3D Foundation Model Entrepreneurship
In the future, everyone will be able to create worlds with AI — not merely inhabit them.
World's First Sexually Repressed AI Released
(Archived; originally published in September 2025, later removed by the platform for violating content policies) Over the past few years, I've only subscribed to two intellectual frameworks. One is Germanic Win Theory. The other is sexual repression. Germanic Win Theory is the quantum mechanics of politics. It points out that international relations has its own observer effect — whether a country or a policy counts as a "win" can be purely subjective. Take Trump: he declares he's won, and for at least a few years, he really has won. Sexual repression...
1 AI Agent = 4 Veteran Factory Engineers? | A Conversation with Xiaopu Wang on Time-Series Foundation Models and the ToB Agent Business
Human workers' roles will be redefined.
Late Summer Progress and Harvests | Vital Monthly
When Sony Met VAST: Exoskeletons Go Mass Market, Agents Become Tradable
The AI Investment Mid-Game: Talent Wars, Faith Divides, and Super Opportunities
I notice you've entered a period/full stop (。) with no Chinese text to translate. Please provide the Chinese content you'd like me to translate, and I'll be happy to help.
Deep Dive: a16z's Global Top 100 AI Apps — New Patterns and Trends | Yunqi Techπ
It's not just about who's fastest — it's about who can stick around.
The endgame of AI is Fat Cat.
Pang Mao is a self-consistent viral architecture.
MiniMax Puts Up $150,000 Bounty for a "Child"
Remix Marketplace is far ahead of the competition
MiniMax Launches Global Challenge! First Tradable Agent Remix Marketplace Goes Live | Oasis Capital Vitality
Counselor on Vitality
MiniMax Agent Gets Another Upgrade: $150K Global Challenge | Yunqi Capital
A Journey of Discovery That Any of Us Can "Get On Board"
Seeing the Rhythm in Progress | Vital Monthly
Counselor Vitality
Yunqi Capital | "Creao AI" Closes Two Consecutive Rounds of Tens of Millions of Dollars in Funding, with Yunqi Capital as Sole Angel Round Investor
Agentic OS Unlocks a New Paradigm for Agent Collaboration
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
Are Model and 'Shell' Values Both Underestimated? ZhenFund's Yusen Dai's Mid-2025 AI Review
In 2025, the "Sedol moment" for industries far and wide is only just beginning.
WAIC Opens Today, Yunqi Capital Lineup Is Ready | Yunqi Capital x World Artificial Intelligence Conference
This schedule is worth bookmarking.
CrePal Becomes First "Fat Cat" Video Agent
Still slinging regional slurs, for fuck's sake.
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.
Interdisciplinary Attention Mechanism Interview Series: Introduction
Counselor Vitality / Counselor on Vitality (Note: This appears to be a title or heading fragment. Without additional context, the most natural English rendering depends on intended meaning — "Counselor" as a diplomatic title or advisory role, and "Vitality" as the subject matter. If this refers to a specific column or section name in a publication, it may warrant a more creative or branded translation with that context.)
Yunqi Capital x OpenAtom Foundation *China Open Source Development Deep-Dive Report* Officially Released
What's Next for Open Source
From Hedge Fund to AI Startup Frontlines: A Conversation with Du Zhiheng on Rebuilding the "Information Superhighway" for Agents | Yunqi Capital Attent!on Podcast
**The "last mile" of search engines is being rebuilt.**
Let's be real, this time it actually crushed OpenAI! | 30 days after MiniMax Agent's launch, its first major update arrives
Full-stack development is making more imaginations real.
Vol.09 How Should Search Engines Work in the Agent Era? A Conversation with Yu Chen and Zhiheng Du on AI "New Infrastructure"
Come to AGI Bar and Hang with the Open-Source Crowd | Attent!on Onsite: Open-Source AI Night Talk
Drink the froth, talk some real stuff 🍻
What's Changed and Where Are the Opportunities in AI Agents in the First Half of 2025? | FreeS Research
Model Wars, App Boom, Commercialization
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.
Walking Through the Heat, Gathering Along the Way | Yunqi Capital Quarterly
Yunqi Capital Q2 Good News
Let's Talk About the Path to Global Growth in the AI Era
Counselor Vitality
Beyond the Code: Do Liberal Arts Majors Still Have a Seat at the Table in the AI Era? | Yunqi Capital Tech Notes
Every way of thinking could connect to the future.
MiniMax Tech Week: A Panoramic View of Technological Leaps | Vital Views
Counselor Vitality
Yunqi Capital's Chen Yu: AI Entrepreneurship Isn't About Speed — Direction and Endurance Matter More | Partner Perspectives
Achieve non-consensus breakthroughs with limited resources
MiniMax's Five Major Releases: Highlights at a Glance | Yunqi Capital
intelligence with everyone
We Put MiniMax Agent in Charge as CBO to Plan a Grand Collaboration Exhibition Between Laopu Gold and Labubu
The Year's Blockbuster Marketing Campaign Is Born
MiniMax's Fat Cat Universe
Pang Mao Was Set Up by AI
How Good Is MiniMax's Agent? | We Tested 7 Cases and Have 3 Takeaways
The competition is heating up — and that's a great thing.
MiniMax Open-Sources Large-Scale Hybrid Architecture Reasoning Model | Counselor Vitality
Counselor on Vitality
MiniMax Open-Sources Ultra Cost-Effective Reasoning Model, With Four Days of Back-to-Back Releases Ahead | Yunqi Capital
Innovation never stops.
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.
Conversation with YouWare's Ming Chaoping: They're Skeptical That AI Coding Is a New Form of Creation — and I'm Thrilled | Z Talk
The promising AI product founder chose a path few others dared to take.
MiniMax Releases Next-Generation Voice Model, Claiming Top Spots on Two Global Benchmarks | Yunqi Capital
Recently, **Yunqi Capital portfolio company MiniMax**, a leading domestic AI model startup, released its next-generation text-to-speech system **MiniMax Speech-02**, which **ranked first on both** the authoritative international benchmarking platforms Artificial Analysis Speech Arena and Hugging Face TTS Arena, comprehensively surpassing Ope
MiniMax Voice Model Claims Global Top Spot | Oasis Capital on Vitality
Counselor on Vitality
Creating Agents with Agents? A Conversation with Yunqi Capital's Chen Yu and Creao AI's Cheng Kai on the New Agent Tech Ecosystem | Yunqi Attent!on Podcast
Manus and Genspark's rapid rise to prominence have made Agent one of the most anticipated AI application formats for the general public in 2025. Meanwhile, the Agent development ecosystem has entered a stage of stronger compatibility and easier deployment, driven by new frameworks such as MCP and Agent-to-Agent.
Vol.08 Creating Agents with Agents? A Chat with Yunqi Capital's Chen Yu and Creao AI's Kai Cheng on the New Agent Infra Ecosystem
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
Investing in people, hiring people too — we're looking for you | Yunqi AI Talent Call
Welcome to the chat.
Yunqi Capital Partners with Shanghai Jiao Tong University to Launch AI Angel Fund, Offering Full-Stack Support for Entrepreneurs
Safeguarding AI Innovation
Yunqi Capital Quarterly | Spring Winds Ask Nothing of the Traveler; We Chart Our Own Course
A Closer Look at Yunqi Capital's Recent Moves
When JD.com, Xiaohongshu, Kuaishou, and Pinduoduo All Stand at the "Crossing" of the AI Era
"Either play or get left behind!"
"MiniMax," "LimX Dynamics," and Other Companies Named to Diyixinsheng's 2024 Tech CEO and High-Growth Enterprise Rankings | Oasis Vitality
Counselor Vitality
"Kuaishou, who are you? Where did you come from? Where are you going?" | After AI generated 100 million in revenue, Kuaishou's path forward and ambitions
When "rural-chic" meets cutting-edge tech, and "lao tie" embraces AI innovation.
Dissecting LLMs in Cars: How to Turn Automobiles Into "Thinking" Robots? | Yunqi Capital Attent!on Podcast
AI technology continues to leap forward, and our daily lives — what we wear, eat, live in, and how we get around — are being profoundly reshaped by this technological storm. In the mobility sector in particular, a new wave of intelligent vehicle evolution, driven by "large models hitting the road," is now in full swing.
A Market That's Not Trying Too Hard | Vital Young
Counselor on Vitality
A Conversation with Haivivi's Li Yong: How to Build a Jellycat with AI and Hit Ten Million RMB in Monthly Revenue | BlueRun Ventures Family Headline
AI + Plush Toys + Emotional Value = BubblePal
Yunqi Capital Portfolio Company Zhaogang Group Successfully Lists on Hong Kong Stock Exchange | Yunqi Capital
On March 10, **Zhaogang Group**, a Yunqi Capital portfolio company and operator of China's largest steel e-commerce platform, officially began trading on the Main Board of the Hong Kong Stock Exchange under **ticker symbol 06676**, marking Hong Kong's second-ever De-SPAC transaction.
Mao Chengyu, Yunqi Capital: DeepSeek Accelerates AI Application Adoption — Where to Invest in AI in 2025? | Partners' Perspectives
More Challenges, More Possibilities
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.
"MiniMax," "Infinigence AI," and "LimX Dynamics" Named to PEDaily's 2024 VENTURE50 | Oasis Capital Vitality
Counselor Vitality
MiniMax-01 Open Source: A New Architecture Opens the Agent Era | Oasis Vitality
Counselor Vitality
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
"MiniMax," "Infinigence AI," "Qingmao Intelligence," and "LimX Dynamics" Named to Diyixinsheng's 2024 China Generative AI Innovative Enterprises List | Oasis Capital Vitality
Counselor Vitality
To AI Founders: In 2025, Go to These VCs for Funding | Debriefing a Year in Primary Markets with Jing Liu of "Waves"
"2024: Who's Still Actively Investing in AI?"
Chen Jinshan, member of the Shanghai Municipal Party Committee Standing Committee and Party Secretary and Director of the Lin-gang Special Area Administration, visited Oasis Capital to focus on financial and technology innovation development.
Counselor Vitality
Wisdom Cultivates the New, Striding Forward on Ten Years | Yunqi Capital 2024 Investor Annual Meeting
Seize the present, embrace the future.
To AI Founders: In 2025, Go to These VCs for Funding | A Year-in-Review of the Primary Market with "An Yong" and Jing Liu
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," "LimX Dynamics," and "Spirit AI" Named to Jazzyear's 2024 Annual Tech Rankings | Oasis Capital Vitality
Counselor on Vitality
"MiniMax," "Infinigence AI," and "Meike Technology" Named to TMTpost's 2024 EDGE AWARDS List | Oasis Capital Vitality
Counselor Vitality
"MiniMax," "Infinigence AI," and "LimX Dynamics" Selected for 36Kr WISE2024 Business King Annual Enterprise and Individual Series List | Oasis Capital Vitality
Counselor Vitality
"MiniMax," "Infinigence AI," "LimX Dynamics," and "Spirit AI" Named to Touzijia's 2024 Most Investable Companies List | Oasis Capital Vitality
Counselor Vitality
"MiniMax" Named to Forbes "2024 China Innovative Enterprises" Top 50 | Oasis Vitality
Counselor Vitality
Introducing a Promo Video, AI-Generated | Oasis Vitality
Counselor Vitality
Yunqi Capital Quarterly | We Are Stardust, Imagining the Universe
New Practices, New Breakthroughs, New Thinking for Summer and Fall
MiniMax Releases Video Model, Tops Both Global and Domestic Growth Charts on AI Product Ranking's September List | Oasis Vitality
Counselor Vitality
September AI Watch: New Models, New Apps, and Where AGI Goes From Here | Yunqi Capital Attent!on Tech Notes
The Revolution Continues
In Beijing, let's chat about how AI sees love, hate, and everything in between?
Using AI to achieve "emotional equality" — using AI to see people's stories and emotions, to understand more of the love and hate, joy and sorrow, partings and reunions.
The Alibaba investment executive who bet big on Kimi has left, and she sent off her departure with a rock song
"To be part of the wave can't stop."
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.
How did AI end up living the "poetry and distant horizons" life before the rest of us?
Minimax and The Fair are leading the conversation on AI's impact on art and creative work.
"Why Hasn't the AI Super App Emerged Yet?" | Ten Reflections, a Glimmer of Hope
Dreams are worth having — what if they actually come true?
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
Yunqi Research Select | Mid-Year AI Industry Review: Ten Hopes and Heartbreaks in the Year of Implementation
How Does the Balance Between Cost and Effectiveness Tip?
William Li: "Wake Up! NIO Will Never Build a Robotaxi in Its Lifetime"
Friendly reminder: life is long.
The Most Hardcore English Teacher Just Joined an AI Investment Fund | Talking AI-Era English Learning, EdTech Products, and Career Planning with Oasis Capital GM Ben | Podcast
"I'm an optimistic radical — AGI will definitely happen."
"Who's even using OpenAI anymore? Everyone's on Claude Sonnet now!"
What goes around comes around.
Yunqi Capital Attent!on Podcast | Founders Up and Down the Supply Chain: From Embodiment to Intelligence, How Is AI "Awakening" Robots?
Let's Talk About the Messy Reality of Deployment and Application Bottlenecks
From Founding NYSE: LAIX to Becoming an AI Investor | A Conversation with Oasis Capital Director Ben on English Learning, EdTech Products, and Career Planning in the AI Era
Vol.05 Has AI "Woken Up" the Robots? A Look at the Many Applications and Bottlenecks of Embodied Intelligence
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?
I'm Zhilin Yang of Moonshot AI, and I'm here for Alibaba Cloud.
This endorsement is a little too salty.
Eight Hard Thoughts on the Vitality of AI Hardware | Yunqi Capital × Zhixing Attent!on Shenzhen Recap
From *One Punch Man* to *Ready Player One*
You've Got an Invitation | Yunqi Capital X WAIC
For three years running, we've come.
ChatGPT Mac App Arrives | DingTalk to Open Up to All AI Large Model Vendors | Groq Valued at $2.5 Billion in New Funding Round
The power of intelligence comes from human complexity, not from a single, perfect principle.
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
Large Language Models Are Still in Elementary School — Don't Rush Them Into the Workforce | A Conversation with ZhenFund's Yusen Dai: What Stage Is AI At Right Now?
This is a crossover episode between the ZhenFund podcast *"Seriously Speaking"[1]* and the Crossing podcast[2].
We planted a tree, and we'd like to invite you to come see the "new green."
On June 6, you're invited to witness vitality in action.
Looking Back at AI's "May": The Five Most Important Little Things | Attent!on Tech Notes
The future is already here — it's just not evenly distributed.
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.
Exclusive | Moonshot AI's valuation reaches $3 billion in new round; Tencent joins after Alibaba
A full list of Moonshot AI's investors to date.
Yunqi Capital | Let Ordinary People Use AI — Angel-Round Investee MiniMax Launches "Hailuo AI"
Ready-to-Go "Life Buddy"
"MiniMax," "Infinigence AI," and "Meike Technology" Named to ChinaVenture's 2023 Best Investment Cases Top 10 | Oasis Capital Vitality
Counselor Vitality
Yunqi Capital has repeatedly ranked among the Top 10 Best Early-Stage VC Firms in China in the ChinaVenture awards, among other honors | Yunqi News
A Long-Term Focus with Forward-Looking Planning
"MiniMax" Releases Trillion-Parameter MoE Model abab 6.5 | Oasis Capital Vitality
Counselor Vitality
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.
Yunqi Capital | Angel Portfolio Company MiniMax Releases Trillion-Parameter MoE Model, Closing In on World's Most Advanced LLMs
Betting on MoE models before the industry consensus caught up.
10 Yunqi Capital Portfolio Companies Named to Hurun Global Unicorn Index 2024 | Yunqi Capital News
Partnering with industry leaders to shape the future of technology.
"MiniMax" Wanted: From Diverse Backgrounds Across the Globe, United by One Mission | Oasis Vitality
Counselor Vitality
"MiniMax," "Qingmao Intelligence," and Other Companies Named to Diyixinsheng's 2023 China High-Tech High-Growth Enterprise Rankings | Oasis Capital Vitality
Consultant Vitality
Standing at the AI Crossing, the Future Comes Roaring In | 16 Observations and Reflections from My Q1
The green mountains endure, the clear waters flow on — change never misses its cue.
Replicating Sora? Long-context or RAG? Are Agents a fake demand? | Yunqi Capital's Ten Questions X Attent!on
Just enjoy the "petrichor" of AGI.
China's LLM Funding War: The Quick Death of Romance
Do the investors regret it?
Attent!on, AttentIon, ATTENTION! | Yunqi Capital AGI+ Series
Hurry up! Go find the coolest AI Ace products
Yunqi Capital YoUNg Campus Ambassador · AI Season | The Internship Journey to the Future — Are You Ready?
YQ Witnessed Change as It Happened
Back to Reality! Sora Breaks Through — 4 Key Questions We're Watching | Yunqi FutureScope
Creating Virtual Worlds, Returning to Real-World Problems
MiniMax Rolls Out Self-Developed "Abab6," China's First Trillion-Parameter MoE Large Language Model, at Full Scale | Oasis Vitality
Counselor on Vitality or Advisor on Life Force or more contextually (if a title/role): **Vitality Advisor** --- *(Without additional context, this is ambiguous — it could be a diplomatic title with "参赞" as counselor, or a wellness/advisory role. The phrase appears to be a fragment rather than a full sentence.)*
"MiniMax" Named to 2023 VENTURE50 "Digital Technology" and "Emerging Companies" Lists | Oasis Capital Vitality
Counselor Vitality
MiniMax's Self-Developed "Abab6" — China's First Trillion-Parameter MoE Large Language Model — Goes Fully Live | YunXun
Large parameters solve complex problems + MoE improves computational efficiency
Asking Science, Crafting the Future | Yunqi Capital 2023 Annual Fund Partners Meeting
Seeking the path to fundamental science, exploring the road to breakthroughs in technology and intelligent manufacturing.
Giving Voice Imagination: MiniMax Launches Voice Foundation Model | Oasis Vitality
Counselor Vitality
"MiniMax" and "Every Moment Technology" Named to 36Kr WISE2023 Future Business King Annual Enterprises | Oasis Vitality
"参赞生命力" appears to be a fragment without sufficient context for accurate translation. This could be interpreted several ways depending on the surrounding text: - If it's a title or heading: **"Vitality Consultant"** or **"Life Force Advisor"** - If it's describing a role: **"consultant on vitality/life force"** - If it's a product or service name: **"Vitality Support"** or **"Life Energy Enhancement"** Could you provide more context or the full sentence/paragraph? This would help me give you a precise, natural English translation that matches the intended meaning.
Copying homework is fine, but do it with some dignity.
Keeping the original name, or at least adding a disclaimer — that's a rare bit of decency.
"MINIMAX," "TIAMAT," and "Maycur" Named to Jiemian News' "REAL100 Innovators" List | Oasis Capital
Advisor Vitality
MiniMax's Large Model Fully Opens to Public After Securing First-Batch Approval | YunXun
A New Milestone for Homegrown Chinese LLMs
A Complete Map of China's Industrial Investment: When the Gears of Fate Begin to Turn
Seven sectors, 200 investments, 500 funds — all in nine charts.
AGI in Practice: Summer Results, Diverse Ecosystems, and Frontier Insights | Yunqi Capital Quarterly · Summer
Large language models have been integrated across thousands of industries, and a new ecosystem is flourishing.
Luchen Tech's Yang You: AI Foundation Models Have No Intellectual Property — Only Open Source Can Go the Distance | BlueRun Ventures Headlines
A healthy AI ecosystem should have three or four thousand companies contributing to it.
Yunqi Capital at WAIC 2023: Three New Opportunities for Large Model Deployment
And, Yunqi Capital's AGI+ portfolio has added these new products —
Thinking Through AI's Impact on Social Structure: The Industrial Revolution as a Reference Point
The New Globalization
Yunqi's Chen Yu: The "80/20 Rule" in the LLM Era | Tencent Tech × Tidal Wave AGI+
Getting a model to 95% accuracy is definitely a moat.
Yunqi Capital Repeats as Top 5 Early-Stage VC in China at CV Awards, Among Other Honors | Yunqi News
Technological Innovation Powers Industrial Development
AGI in Practice, Innovation Breakthroughs, and Frontier Insights This Spring | Yunqi Capital Quarterly · Spring Issue
New thinking and new practice in AI from Yunqi Capital and its portfolio companies.
AI Reflections, Part Two: The Open Cards and Hidden Cards in AI | VOICE
Consensus and Non-Consensus in AI.
Yunqi Capital and Its Angel-Round Portfolio Company MiniMax Named to Jazzyear's 2023 AIGC Ranking | Yunqi Capital News
Exploring More Possibilities of Artificial Intelligence
"MiniMax" Powers WPS AI's Model Layer; Homegrown LLM Already Deployed Across Multiple Industries | Yunqi Capital · Riding the AGI+ Wave
The Backbone of China's AGI + Industry Push
Yunqi Capital · Riding the AGI Wave | 3 Weeks, 3 Cities: We Spoke with 150+ Founders About New Variables in the AGI Era
Embracing the AGI+ Era
Exclusive | The General-Purpose LLM Startup Wave: The First Battle Is About to End
Contestants, take your positions.
Why "Copy to China" Is Hard to Replicate, and Where China's LLM Opportunity Lies
Recently, Bai Zeren, Senior Investment Director at Linear Capital, sat down with *Jazzyear* to share his views on the entrepreneurial opportunities brought by ChatGPT. When it comes to the domestic market for large language model startups, Linear Capital remains optimistic. "While the engineering detours and challenges will take time to work through, the probability of Chinese companies producing something with 80% of ChatGPT's capabilities within two to three years is quite high — even if surpassing what OpenAI has already built will be difficult."
Come On, Young People, Go Explore the Light Ahead on the AIGC Path | Yunqi YoUNg Program
Join the adventure of technological innovation and industrial transformation!
Yunqi's Chen Yu: ChatGPT's Qualitative Leap Is More Than a Technical Shift | The Paper X Yunqi Capital ChatGPT Special
When it comes to large language model R&D, startups have more flexibility than big companies.
Who Can Build China's ChatGPT? We Invested in This Company 15 Months Ago | Yunqi Capital ChatGPT Special
The first multimodal AI large model startup in China
