NetEase
网易
NetEase is one of China's big internet incumbents, and in elsewhere's corpus it shows up mostly as a games company — it launched Eggy Party in 2021, a title with gameplay innovations and strong financial performance, per a FreesFund piece , and also operates Where Winds Meet . More recently its footprint leans toward AI-native UGC: in September 2025 VAST struck a strategic partnership with Eggy Party to bring its TripoAI model into the game's UGC creation system , and by July 2026 the game's workshop had shipped a Tripo-powered 3D-model splitting feature, following an earlier "万物太极" collab on Where Winds Meet that lets players turn a photo into an interactive 3D prop . On the people side, an elsewhere piece notes 少云 spent nearly two decades at NetEase as SVP heading the 天下 business unit , and it also appears as an investor — co-investing alongside Sequoia in BUD's $36.8M Series B in 2022 — and as a Kathy Xu portfolio bet cited for focus and long-termism . The bundle doesn't cover NetEase's founding history, financials, or non-games lines like NetEase CloudMusic beyond the entity name.
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Coverage
From 30 Million to 3 Billion: Three Rounds, Wanwu Capital | Luzhou Shengmingli
VAST recently announced the completion of its Series B and B+ funding rounds.
FOMO won't take us in the right direction; the goal is to stay in the game
"Investors never take responsibility for their advice."
14.9 Grams of Obsession and Six "Anti-Consensus" Views
"First, a pair of glasses"
Go invest in games, like you've never been hurt before.
Playing the game of life.
2026 AI Gaming Panorama: Four Layers, Three Myths, One Consensus Gap | A Talk with 405 Games' Xiaoning
Lots of fragments, no smash hit yet.
2026 AI Game Industry Panorama: Four-Layer Landscape, Three Major Misconceptions, and One Consensus Gap | A Conversation with Youning Xiao of 405 Games
The Man Who Sold His Company for $4 Billion, Back at the Crossroads | A Conversation with Justin Yuan: Entrepreneurship, Life, and Those "Useless Things"
Talking AI Game Startups with the Former *Genshin Impact* Lead Developer "Esuo": "This Time, I'm Going to Be the 'Playboy' of the Gaming World"
Contribute to the creation of thousands of outstanding games.
Looking at China's Three Competitive Advantages in Gaming Through *Genshin Impact*, *Black Myth: Wukong*, and *Archero*
Build a global company from Day 1.
Morning Star | Four Qiming Venture Partners Portfolio Companies Named to NetEase Future Awards 2025 Annual AI List
These companies and individuals are not only the focus of venture capital and industry attention, but have also largely shaped the trajectory of China's AI development.
Taking the Initiative Amid Change | Vital Monthly
Counselor on Vitality
MaHui Entrepreneur | Yuanbao Inc. Founder Fang Rui: The IPO Is Just One Thing Checked Off the List
For China's insurance industry, we've only just laid the first "smart brick."
VAST Raises Another Tens of Millions of Dollars, Launches AI-Powered All-in-One 3D Workstation | Oasis Vitality
Counselor Vitality
MaHui | Congratulations to MaHui member Yuanbao Inc. on its successful Nasdaq listing
On the evening of April 30, 2025, Beijing time, Yuanbao Inc., a leading insurtech company, officially listed on the Nasdaq Stock Exchange in the United States.
2025: The Year AI Gaming Goes Mainstream? | A 4,500-Word Efficient Roundup of Major Players' Latest Moves: Tencent, NetEase, miHoYo…
One of the shortest paths to AI commercialization: gaming.
How Is AI Reshaping Games and Creation? We Talked to More Than a Dozen Industry Founders | 5Y Capital Tavern Vol. 26
How AI Is Reshaping Content, Gaming, and Entertainment
We Are All on the Journey to Retrieve the Scriptures | Seeing Vitality
Counselor Vitality --- *Note: This appears to be a fragment without context. "参赞" can mean "counselor" (diplomatic title) or "participate in planning/support." "生命力" means "vitality" or "life force." If this is a title or section header from a larger piece, additional context would help determine the precise rendering.*
The Hype Around *Black Myth: Wukong*, and the Barren Landscape of Game Investment
The world needs *Black Myth*.
Li Xiang × Li Feng: In Waves of Technological Change, Why Is Gaming Usually the First to Make Money? | Li Feng Column
From a Brief History of Gaming to New Online Game Regulations: Finding Innovation Opportunities in the Industry
After a long absence, Sister Xu returns with 26 maxims
"You don't need a high IQ to succeed."
BlueRun Ventures AGI Salon Series Now Open for Registration | Exploring AI+Game, Discovering a New Continent in Gaming
Saturday, June 3, 10:00 AM – 12:00 PM
3D Real-Time Interactive Virtual Event Platform "Bizhen Technology" Raises Tens of Millions in Funding, with Linear Capital Leading Angel Round
36Kr has learned that **BIZEN Technology, a 3D real-time interactive virtual events platform, announced it has completed two consecutive funding rounds — an angel round and an angel+ round — totaling tens of millions of RMB, with Linear Capital, HSG, and Cathay Capital as investors.** The funding will be primarily used for product iteration and market expansion.
Linear News | AI Frontier Tech Startup Mindverse Raises Angel Round in the Tens of Millions, Led by HSG with Co-Investment from Linear Capital and K2VC
The MindOS framework endows AI with associative mechanisms, enabling enterprises to deploy customized virtual minds.
Code Moment | Metaverse UGC Platform "BUD" Closes $36.8 Million Series B Round, Existing Shareholder Source Code Capital Follows On
A New Generation of 3D UGC Social Platforms
Xiaoice Closes Series A Funding Round, Li Di: AI Beings Will Be Everywhere in the Future | 5Y News
Unveiled super-natural speech synthesis technology — AI now comes infinitely closer to the sound of a real human voice.
Rongbao · November | Yatsen Holding and Ucommune successfully list on US equities, Nuro closes Series C funding
Working together to create a better life.
New Economy Listings Account for Nearly 60% of Hong Kong's IPO Market — Why Has Hong Kong Become Fertile Ground for New Economy Companies?
How can you gain a comprehensive understanding of Hong Kong's capital markets, and what are the requirements for a Hong Kong IPO?
"iBeidiao" Raises Tens of Millions of RMB in Series B1 Funding | FreeS Fund Investment News
A seemingly unsexy industry has finally found its spring.
Nuro Nears $1 Billion Investment from SoftBank to Reshape Logistics with Autonomous Delivery
Committed to creating a future where any good can be delivered quickly at the most economical price.
Talk to Future Founders: You Can Practice Deliberately Like This
Curious enough to ask, diligent enough to find the answer.
How to Design Mini Program Virality: Acquiring Users at Low Cost | Code Brain Issue 7
Code Brain connects Source Code Capital's entrepreneurs with external experts for private, offline brainstorming sessions.
Club Factory Raises $100 Million in Series C, FreeS Fund Continues to Follow On | Funding News
Cross-border e-commerce — a market that rivals daigou in scale.
A Profile of "Reliable" AI Startups | Source Code Capital Insider
Unearthing the lesser-known concerns behind the AI industry frenzy — an exclusive look at the second edition of the *Source Code Capital Internal Reference*.
Meili United CEO Qi Chen: The Difference Between Mules and Unicorns Is Focus | 2017 Ma Hui
On April 22, at Source Code Capital's 2017 Ma Hui conference, Meili United CEO Chen Qi shared his insights on breaking through strategic dead ends, recounting the company's journey to focus its business on "combining great content with great products."
Yi Cao: Source Code Capital's "Three Horizontals, Nine Verticals" Investment Map
Where, when, and by whom will the next major innovation opportunity emerge?
Yi Cao: The More Cross-Disciplinary a Startup, the Higher Its Odds of Success
Just as gathering all seven Dragon Balls can summon Shenron, the more boundaries a startup crosses, the higher its odds of success.
