Tesla

Data Collection Underworld: Subcontracting, "Bang Laotai," and Cross-Border Arbitrage

Rural Aunties Turned Into Cheap "Data Fodder"

2026 MaHui | Source Code Capital's Zhang Xun: Growth Beyond Exponential — A Game With Fewer and Fewer Winners

The AI era has given us the longest slope and the wettest snow. Only one question remains — do we have the patience to keep rolling the snowball all the way down?

The Rise of SpaceX: Everything, for Mars | Yunqi Technology

The "Test Flight" of Commercial Space Has Just Begun

A Mega IPO Debuts Tonight, But China's Commercial Space Sector Needn't Copy SpaceX

Is Commercial Space Really a Good Business?

Wanwu Capital Portfolio Company TanSheng WanWu Completes Series A Funding to Accelerate Direct Air Carbon Capture for Sustainable Aviation Fuel Production

"CO₂ is the oil of the new era."

A Conversation with Chen Yilun of Tashi: In the Trillion-Dollar Embodied Intelligence Arena, Only Those Who Win the War Are Heroes

The first panoramic telling of the Tashi founding story.

FreeS Fund's Li Feng: For Embodied AI to Become Reality, It May Need to Copy These Three Playbooks

Large language models, autonomous driving, and AlphaFold.

Everyone's Token-Maxxing: An Arms Race Nobody Dares to Stop | 5Y Capital's Xing Meng on AI

We spent some time in Silicon Valley and found that even the people making the waves are getting overwhelmed by them.

"Ludens AI" Closes Two Rounds Worth Tens of Millions of RMB, With Linear Capital Leading the Angel Round | Linear Portfolio

A former DJI engineer founded a companion robot startup.

What's the Best Form for an Investment Research Agent? AlphaEngine Offers a New Answer

How far can OpenClaw go in the investment research space?

Yunqi Capital | Early Portfolio Company "Zhi Square" Raises Over 1 Billion RMB to Accelerate Embodied AI Models and Mass Production

Capital × Industry Collaboration Accelerates Embodied Intelligence Mass Production

From Pi0.5 to LingBot-VLA: A Path to Embodied Intelligence Is Taking Shape

A VLA foundation model trained on 20,000 hours of real robot data, covering nine dual-arm configurations.

The Four AI Tigers Enter the Brutal Competition

Stubborn as a knife's edge

Omdia Report: AgiBot Tops Global Humanoid Robot Shipment Rankings | BlueRun Ventures Portfolio Headlines

Leading the way in global commercial deployment

In the first week of the new year, AgiBot's latest release revealed serious ambition.

The real world isn't a demo. How should humanoid robots enter it?

A long essay Xing Wang recommended back in 2012 — perfect timing to read it now

What actually transcends time?

NuMiao's Li Nan: The World Is Getting More Real, Everyone Wants to See the Real Thing | BuMing Brain Trust

What makes a product stand out?

Zhang Wei of LimX Dynamics: Humanoid Robots Are Essentially an AI Application | Agentic Era

"Serving People, Not Process"

Yan Han, Heart Capital | Future Core Assets: Global Market Opportunities from China's Tech Innovation | Heart Voice

The world is rethinking Chinese tech, and the narrative around it is being rewritten.

Peter Thiel is China's delusional dream chaser.

Now is the best time for US tech giants to wave the white flag to China 🏳️

With nothing but sleeves and kite string, he built a dexterous hand with full degrees of freedom in 90 days

Strength is the price of excellence.

DeepRoute.ai's Guang Zhou: The More You Understand AI, the Less You Doubt VLA | Yunqi Capital Doers Series

In the technological leap of intelligent driving, **Yunqi Capital portfolio company DeepRoute.ai has always been "the first to eat the crab."** From mapless solutions to end-to-end models, and now to the VLA (Vision-Language-Action) architecture that it's first to put into production, the company has repeatedly positioned itself at the forefront of inflection points.

"Taishi Intelligent Navigation" Releases World's First Scalable Real-World Embodied Multimodal Dataset, Beating Tesla by About Six Months | Linear Portfolio

A human-centric embodied data engine paradigm.

Rebuilding on the Ruins of "Double Reduction": A Conversation with Serial Entrepreneur Liu Ye — From Zuoyebang to Talkit

Keep swimming until the sea turns blue.

Is AI the Decisive Factor for Embodied Intelligence? After Raising 300 Million in Six Months, How Is VBot's First Product Shaping Up? | A Conversation with Vbot Co-founder Zhe Lun Zhao

I want to make a product that I can bring home to my mom.

Better Than YC! How AI Grant Uncovered Unicorns Like Perplexity, Pika, and Cursor | Full Portfolio List Inside

AI Grant is Silicon Valley's "trust passport."

Inspiration Always Grows in the Unexpected | Vital Young

Counselor Vitality

Is AI the Decisive Factor in Embodied Intelligence? After Raising 300 Million in Six Months, How Is VBot's First Product Shaping Up? | A Conversation with Zhao Zhelun, Co-founder of Vitality Dynamics

MaHui Entrepreneurs · 2025 WRC Series | On Embodied Artificial Intelligence, What Do Three Founders Have to Say?

Galaxy Universal founder & CTO He Wang, Mech-Mind founder & CEO Tianlan Shao, and Stande founder & CEO Yongkun Wang shared their latest explorations in robotics, as well as their observations and reflections on China's robotics industry, in keynote speeches.

MaHui Entrepreneur | Xingxing Wang: The Biggest Barrier to Mass Humanoid Robot Deployment Is Embodied Artificial Intelligence

MaHui portfolio company Unitree founder and CEO Xingxing Wang shared his latest observations and insights on the global robotics industry at World Robot Conference 2025.

Linear Yang Jun: Young People All Want to Retire Early — I Tried It, and It's Not as Great as You'd Think | Linear View

The hardest thing in life is figuring out what you want.

"We Have to Be Expensive First!" — Only a $200/Month Price Tag Can Validate True AI Market Demand | A Conversation with Zhenyu Guo: Founder/CEO of Sandwich Lab

Seeing the world and understanding it are two different things.

WAIC Observations: Spatial Intelligence in Rough Seas, Everyone Is Looking for the Same Thing

There's a kind of AI that can preserve love.

Mexico Under the Countdown: New Logic and Unwritten Rules

New rules will be born, one way or another.

"We Need to Be Expensive First!" — Why a $200/Month Price Tag Proves Real AI Market Demand | A Conversation with Zhenyu Guo: Founder/CEO of Sandwich Lab

A Conversation with XPeng Co-founder He Tao: On a 7,000-Meter Snow Mountain, I Decided It Was Time for Halftime to End

Starting a business is addictive.

First Investment Deal Agent Bobby Launches; Exclusive Interview with Vakee

Never underestimate anything you see in life.

ENCOS Raises New Round, Oasis Capital Increases Stake | Oasis Vitality

Advisors on Vitality

"Five Poisons in One," Using AI to Stoke Fights: He Says, Flaming Each Other Is Gen Alpha's New Social Entry Point | A Conversation with Cao Tong, Founder of Splat

Twenty Years of the Internet, and the Demand Still Waiting to Be Unlocked

2025: Has Embodied Intelligence Reached Its "ChatGPT Moment"? | FreeS Research

The "Triangular Game" of Embodied Intelligence: Success Rate, Generality, and Cost

Even Realities: The First Eye

The subject of smart glasses can only be glasses, and nothing else.

After Allen Zhu's "Wake-Up Call," We Surveyed the Survival Status of 10 Leading Humanoid Robot Companies

Pessimists are often right, but optimists are the ones who succeed.

Spirit AI Closes 528 Million Yuan Funding Round, Accelerating Full-Scale Iteration | Oasis Capital Vitality

Counselor Vitality

ZhenFund's Yusen Dai: A Guide to Entrepreneurship, Investing, and AI for Young People

Abundant energy, an intense desire for success, and a fearless spirit of innovation.

A Conversation with He Xiaopeng: I'd Rather Walk Slowly and Fall Less Often | Xinxing PORTFOLIO

Efficiency and effectiveness are the focal points of the reforms He Xiaopeng is currently pushing inside the company.

A Conversation with Cao Xudong: Eight Years of Entrepreneurship, Why the "One Flywheel, Two Legs" Strategy | Z Talk

When making decisions, always let customer value be your guide.

"LimX Dynamics' Wei Zhang: Humanoid Robots Won't Enter Factories, Embodied AI Won't Hoard Real-Robot Data" | Oasis Vitality

Counselor Vitality

From Selling Robot Vacuums to Billions, a Post-'95 Entrepreneur Enters the AI Hardware Race | Z Talk

"Being number one" is the most efficient management tool.

Interview: Tsinghua's Zhao Mingguo on Two Decades of Humanoid Robot Research, From Lone Pioneer to a Crowded Field

A scholar's near-obsessive dedication to their research career

BlueRun Ventures in Conversation with Galaxy Universal, AgiBot, and Lingchu Intelligence: When Embodied Intelligence Enters Reality | The Road to AGI

Between Science and Reality

30,000-Word Transcript: A Google DeepMind Researcher on Deconstructing OpenAI o1 and the LLM+RL Paradigm | Z Talk

The most hardcore, no-fluff technical breakdown of o1.

Jensen Huang's Vision of a "Universal Translator" — How Does It Cross the Visual Divide? | Yunqi Tech π

The Visual Puzzle of Large Models

LiDAR or cameras? How we see the autonomous driving route debate

This Industry, Which Elon Musk Has Doubted, Keeps Advancing Amid Skepticism and Support

Galaxy Universal Raises 500 Million Yuan in Strategic Funding Round | BlueRun Ventures Headlines

Embodied Intelligence Powers a New Future for General-Purpose Robotics

Borey Technology Launches 3D Printing Solution for Humanoid Robots | Oasis Capital Vitality

"参赞生命力" appears to be a fragment without sufficient context for accurate translation. This could be: 1. A book or article title — possibly *Vitality* or *On Vitality* (if following the pattern of classic Chinese essay titles) 2. A section heading about "vitality" in some larger text 3. A product or brand name Without more context, a literal rendering would be "Counseling Vitality" or "Advising on Vitality," but these sound awkward. "参赞" can mean: - A counselor/diplomatic role (参赞 / *cānzàn*) - To participate in and assist - To appreciate/admire (in classical usage) If this is a title or heading about wellness, health, or life energy, it might intend something like *Cultivating Vitality* or simply *Vitality*. Could you provide more context — the surrounding sentences or what publication this appears in?

How Can Consumer Tech Products Go Global?

Intelligence and Localization: How Chinese Tech Consumer Brands Are Going Global

Elon Musk's Third In-Depth Interview with Lex Fridman: "Chopsticks Catching Rockets" Is the Key Technology for Building a Martian Civilization

Building a fully reusable rocket is the "holy grail" of orbital spaceflight.

The Reality and Fantasy of Hardware in the AI Era: A Conversation with NuMiao's Li Nan on Hardware, Marketing, Silicon Valley, and Life-Changing Experiences

Misjudgment, failure, bad luck, misfortune, the need to adapt, the possibility of being eliminated — these are the normal state of the world.

Code View | Booster Robotics: When the Starting Gun Fires, Stand Shoulder to Shoulder with the Robotics Giants

NVIDIA Also Deserves Some Credit: Powering *Black Myth: Wukong*

You win either way. / Heads I win, tails you lose. / It's a no-lose situation.

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?

Coatue's Take on 2024: No AI Bubble, and US VC Exits Are Struggling Too

A tale of two extremes.

"I Want to Shatter Your Unrealistic Fantasies About AI, and Rebuild a Correct Understanding" | Podcast

The most knowledge-dense episode of "Crossing" podcast ever is here!

"I Want to Shatter Your Unrealistic Fantasies About AI and Rebuild a Proper Understanding" | A Conversation with Leding Li, Baidu Principal Architect in the Trenches

Tesla Chose Shanghai to Send Its Optimus Robot Into the Spotlight

Another day of loving Shanghai.

5Y Capital's Kai Liu: The Evolution of Tech Supply Chain Investing | 5Y View

Three Ecosystems of Hard Tech Investment

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].

How Far Can "Embodied AI" Take This Robotics Boom? | 5Y Capital Tavern Vol. 17 x Silicon Valley 101

What new technologies are emerging in the robotics industry with AI, and what challenges still lie ahead?

The Road to Embodied Intelligence | FreeS Report 37

Understanding Embodied Intelligence: Beyond Humanoid Robots

How Far Is Embodied Artificial Intelligence From Reality: Hype, Bubble, Tech Frontier, Commercialization | FreeS Fund

AI veers left, robotics veers right, and embodied intelligence stands at the intersection.

Similarities and Differences: Future World Lines of Embodied AI (Part II)

Counselor on Vitality

How to Break Down a Grand Vision: Elon Musk's "Master Plan" | 5Y View

What better master plans are still out there in the business world?

The Power of Faith-Based Spending: A Chat with LimX Dynamics on GTC and Humanoid Robot Progress | Oasis Vitality

Advisor on Vitality or Counselor for Life Force or Consultant on Life Vitality (Without additional context, this brief phrase could refer to a role or title in various contexts — traditional Chinese medicine, wellness, organizational consulting, or even a literary/metaphorical usage. The most natural English rendering depends on the specific domain.)

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.

DeepRoute.ai × NVIDIA GTC: End-to-end autonomous driving solution production cars on sale this year | Yunqi Capital

End-to-end models will be compatible with Thor — NVIDIA's next-generation autonomous driving chip set for mass production next year

China's LLM Funding War: The Quick Death of Romance

Do the investors regret it?

Code Engraved | How Li Auto Built a Miracle: ¥100B Revenue, ¥10B Profit

Code Brain | "The Coming Age of Abundance": A Transcript of Elon Musk's New Year Interview

Wang Yu of Tsinghua University: Lowering Costs Is Key to Commercializing Large Models

Solving the Last Mile for Large Model Deployment

Code Brain | Ambition or Hell? How Elon Musk Led Tesla Out of Production Hell

Code Brain | How to Align Corporate Business Strategy with Financial Strategy

Code View | Chen Runze, Source Code Capital: New Changes, New Signals, New Directions — How Is AI Transforming Robotics?

Mature technology takes time, and it requires industry muscle to keep the flywheel turning.

Code Brain | In the Future, Human Labor Won't Be Nearly Enough — The Market for Robots Is Massive

These Companies Are Also Betting on Humanoid Robots

ROBOT+AI Summit Series | Mech-Mind: The People Giving Machines "Eyes"

How does an intelligent brain graft onto a mechanical body?

A 10,000-Word Deep Dive: Deconstructing the Changes and Opportunities in New Energy Vehicle Sales and Aftermarket Services | FreeS Report 35

What innovation opportunities exist in sales and after-sales service amid the fierce competition in new energy vehicles?

This Is So Elon Musk | Notes from the An Yong Editorial Team

Have you Elon Musked today?

Consumer Innovation Never Sleeps: How to Build New Categories Through Interdisciplinary Approaches | A FreeS Fund Conversation

How much room for growth is left in the sports market?

Oasis Capital Dialogue with Professor Yin Peng: Convergence and Flywheel

Constant Change

Code Class | Why Elon Musk and SpaceX Keep Bouncing Back from Failure

The Falcon 1, despite its repeated failures, laid the foundation for SpaceX's achievements today.

ROBOT+AI Summit Series | A Brief History of Humanoid Robot Development

Our imagination of the future cannot escape the gravitational pull of reality, yet the future also emerges step by step from the past and present.

Li Guofei's 10,000-Word Interview: Seeking Wisdom Is About Constantly Breaking the Prison of the Mind

Two worlds that seem to have nothing to do with each other may, at their foundations, arrive at the same destination by different paths.

Li Xiang x Li Feng: Stripping Away the Emotion, Let's Talk About Economic Variables for the Second Half of 2023 | Li Feng Column

A Conversation About the First and Second Halves of 2023

The Twelve Apostles of Musk's New Company | Has Silicon Valley Burned Down?

No one can resist the allure of the AI wave.

Coatue's 2023 in Detail: Half Sea Water, Half Flame

Could AI become the lifeline of the economy over the next decade?

Fei Zhang: AI of Loving Grace | The Counting Horse

Everything will be rebuilt from scratch, and we're all starting from the same baseline of understanding.

Oasis Capital in Conversation with Professor Yuan Li: Preserving the Spark Before the Next Transformation

The Long-Termism of Transformation

The "First Principles" of an Uncertain World

Elon Musk's Signal

How Far Are General-Purpose Robots From Human Society? | 5Y 3Sigma Roundtable

A new 5Y 3Sigma roundtable is now open for registration — sign up if you're interested.

Code Engraved | Keyi Tech Launches Loona, Another Kickstarter Smash Hit

It raised over 1,000 units in just three hours, putting it on track to become the best-selling consumer robot in Kickstarter crowdfunding history.

MaHui | Source Code Capital's Chang Kaisi: Tech Shifts Reshape Moats, Tech Entrepreneurship Breaks Boundaries

Tech disruption breaks down barriers

James Anderson's Letter to Investors 2021

Timeframe, Possibility, Extreme Uncertainty

5Y Capital's Qin Liu: White Doves and Menlo Park — Genius Inventors and Tech Entrepreneurs | 5Y View

Tech innovation requires "dual-core" entrepreneurs.

Great CEOs Are Great HR: How Elon Musk Assembled a Team of Geniuses | 5Y View

To build a startup, you have to move heaven and earth to find the most talented people.

Good Questions Matter More Than Perfect Answers | 5Y View

What Will the World Look Like in the Next 5,000 Days?

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.

Chen Yaochang: World Factory + Social Media + Talent — More and More Global Brands Will Emerge from China | Ronghui

Over the next five years, we're bound to see more and more international consumer brands emerging from China.

"Small" Trademarks, "Big" Trouble: How Can Entrepreneurs Effectively Avoid Pitfalls? | Code Brain Episode 14

In the business world, intellectual property has long been a critical moat for enterprise development.

Why Is "New Infrastructure" China's Most Consequential Stimulus Policy for the Next Decade? | Li Feng Column

Two Decades of Chinese Infrastructure: The Evolution of Stimulus Policy and the Industry Chain's Long March

A Visual Guide to China's Industrial Chain Shifts and Opportunities | Li Feng Column

The 40-Year Metamorphosis of China's Industrial Chain

One Chart to Understand Globalization vs. Deglobalization | Li Feng Column

A Piece of History, Two Industries, Eight Companies: Understanding the Global Supply Chain

Liu Xinhua: How to Crack the Growth Code for Products in the Second Half of the Internet Era | Gaorong Ventures Share

A 10,000-word transcript systematically breaking down the four modules of the growth model — clarifying principles, seizing momentum, refining tactics, and reading people.

FreeS Fund 2019 North America Trip ② | We Hope to Walk Through the Fog and Discern the Patterns with You

Six VC Meetups — Come Say Hi

Li Feng's Column 13: China Is at Its Most Precious Historical Moment | Frees Fund

Over four decades of turbulence, the darkest days have always given rise to market opportunities.

Li Feng Column 12: A Speculation on the Endgame of China's New Retail | Frees Fund

Short-term: traffic. Medium-term: efficiency. Long-term: supply chain.

The automotive and mobility sector, shaped by converging waves of transformation, is giving rise to companies worth hundreds of billions of dollars | Source Code Capital Insights

China's automotive and mobility sector is navigating a complex period of multiple overlapping waves.

Jiang Nanchun: 30 Years of Business Warfare — Winning Companies Plant a Single Word in Consumers' Minds | 2018 FreeS Fund CEO Annual Summit Recap

Whoever captures the 500-million-strong middle class captures the future.

Yi Cao: The Nine Faces of Technological Innovation

At the "2017 Impact Investing Summit" hosted by China Renaissance Alpha, Yi Cao, founding partner of Source Code Capital, shared his exclusive insights.

A Strong Personal Brand Beats a Million Paid Articles: How Startup CEOs Can Build Their Brand | FreeS Business School

Fortune favors the bold.

Yi Cao: Source Code Capital's "Three Horizontals, Nine Verticals" Investment Map

Where, when, and by whom will the next major innovation opportunity emerge?