Unitree

Monolith's Xi Cao Named to Forbes 2026 Midas List

Made the list for two consecutive years on the strength of investments in MetaX, Unitree, and other companies.

Drinking Beer with Lex Fridman in Beijing

He's come to China too.

Embodied AI Goes Global to Close the Data Loop: Imperial College Postdoc's UK Startup Raises Tens of Millions of RMB

A real-world case study of embodied globalization.

Source Code Rhythm has raised over $150 million for its first fund and has launched RMB fund fundraising.

Another oversubscribed early-stage USD fund.

The First USD VC Fund to Close in 2026

What comes after Aksu. *(Note: "阿克苏之后的故事" literally means "the story after Aksu." If this refers to a specific title or context I'm missing — such as a book, film, or article — please provide more details and I can refine the translation.)*

An Underwater AI Chip Company Raises 1 Billion Yuan, Targeting Large Model Inference

Walking between two "hands."

Spring has arrived — can blossoms be far behind? | Linear Quarterly

Rather than waiting for spring, define it.

Every company in the embodied intelligence space could be solid — the key is whether they've figured out who they want to become | Linear Voice

The embodied data foundation needs to be at the scale of 10 million hours or more.

Yungang Huang, Source Code Rhythm: My Aksu

"West Lake is so beautiful, I want to jump right in."

One Aims for the Skies, the Other Cares About Face: They're Redefining What You Think Robots Can Do | 5Y View

The humanoid robot race is getting crowded? They're looking for a different play.

The True Story of Huadong Wang

"He's the Haruki Murakami of China's investment world."

Vol.002 | A Conversation with Huadong Wang: Living a Haruki Murakami Life

Huadong Wang: I read 30 books this year. Here is my annual reading list | End of 2025

Diligence, distillation, execution.

How do you bridge the "last centimeter" between robots and real-world interaction?

Why Is It the "Hand" That Chokes the Robot?

Four years after its last close, Source Code Capital has raised another fund.

Dual-currency, $600 million.

Monolith Raises $488 Million in New Funding

Assets under management exceed 10 billion RMB.

Another VC Rebrands with a New Name

The twentieth year of local iteration.

Wang Qian, Invariant Robot: How Far Is Embodied Intelligence's Scaling Law? | Yunqi Capital Doers Series

Embodied Intelligence ≠ Stuffing DeepSeek into a Unitree Robot

Inside JD.com: Accelerating Commerce, Empowering Technology, and Building Industry Partnerships to Speed Robots into Millions of Homes | Ronghui

"Help 100 robotics brands achieve one-billion-yuan sales within three years."

Rongbao | Multiple autonomous driving, nuclear fusion, gaming, and innovative drug companies raise hundreds of millions of RMB in funding

From commercial deployment to world-first breakthroughs, innovation never stands still.

Are Models and "Shells" Both Undervalued? ZhenFund's Yusen Dai's Mid-2025 AI Review --- The past six months have been a turbulent period for AI. On one hand, DeepSeek's breakthrough has reignited global enthusiasm for Chinese AI; on the other, the commercialization path for large models remains unclear, and the market is growing increasingly anxious about when AI will generate real returns. Against this backdrop, I believe it's necessary to take stock of where we stand at this mid-point in 2025. **The Core Question: Are Models and "Shells" Both Undervalued?** Over the past two years, the AI industry has cycled through several narratives: from the initial frenzy over foundation models, to the subsequent boom in AI applications ("shells"), then a period of disillusionment as applications failed to deliver, and now a renewed focus on models following DeepSeek's success. But I want to propose a contrarian view: **both models and "shells" may be simultaneously undervalued by the market right now.** This might sound paradoxical. Let me explain. **Why Models Are Undervalued** The market's current skepticism toward model companies stems largely from two concerns: the commoditization of models (will they all become undifferent

In 2025, the "Sedol moment" for industries far and wide is only just beginning.

When the investors of Ning Wang, Xingxing Wang, and Junjie Zhang sat down together

What makes a "newly made person" new?

The Wind Still Howls Where No One Stands | Monolith Monthly

Every step is worth recording.

A Conversation with Hangzhou Capital's Sun Gangfeng: The Key to Patient Capital Is Attitude, Not Time

The Unvarnished Truth from the Hottest State-Backed Fund of the Year

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

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

Xi Cao of Monolith Named to Forbes 2025 Midas List

First-time appearance on the list thanks to early-stage investments in Kuaishou and Unitree

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.

Linear Capital Portfolio Company Rokid Founder Misa Zhu Interview: The AI Glasses Battleground Is Only in China

The Springtime of an 11-Year-Old Company

A Conversation with Rokid's Misa Zhu: The AI Glasses Battleground Is China Alone

The Spring of an 11-Year-Old Company

A Conversation with Zhiyuan's Chief Scientist: Calling Embodied Intelligence "the Next LLM" Is Its Biggest Misunderstanding

Necessary froth.

An Exhibition Revisiting 30 Years of Chinese Venture Capital | WAVE's Third Anniversary

The great schools of fish have returned.

Alphaist: A Dollar-Denominated Fund Born in 2025, and Its Ten-Year Bet

Find the founders who create something out of nothing, who insist on pushing through when the odds are against them.

Post-95s Founders Lead the GenAI Application Revolution: A Look at 2024's New American Unicorns

In the US, more than half of the new AI unicorns are application companies.

The Youngest Person at That Symposium

Butterflies, OCD, and Robots.

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.

When Post-'90s Founders Cluster Into the Unicorn Club: A Look at China's New Unicorns in 2024

Forty-four companies made the list, with hard tech taking center stage.

The Most RMB-Denominated Singapore-Based Fund Raises Over 3.5 Billion Yuan丨Making Its Move

Focused on early-stage deep tech investments.

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?

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.

Sam Gao and Xiaoyu Ma of Gaorong Capital: AI + Hardware, China's Opportunity in a World of Upheaval

You can't just gild the lily on the giants' extensions.

A Globalization Guide for Chinese Founders: Slicing the World Horizontally

The word "globalization" — so brief, yet it encompasses so many narratives.

Baidu Ventures' Gao Xue: Nothing Stays the Same — That's the Destiny of AI Investing

You never know what tomorrow will bring.

Entrepreneurship is a climb where the journey itself is the reward.

The journey is the reward.

Xi Cao of Lisi Capital and His Eleven Luo Han --- Wait — let me reconsider. "十一罗汉" is almost certainly a reference to *Ocean's Eleven* (the film), used here as a playful nickname for his team. Let me adjust: Xi Cao of Lisi Capital and His Ocean's Eleven

Starting a business is like climbing a mountain — the meaning lies in the climb itself.

Hongshan Seed Deploys Another $480 Million, Early-Stage Investing Is About to Get Even More Crowded

What Should Seed Investing Look Like in a New Cycle?