Xiaohongshu

14 Fragments, 14 Years of Investment Thinking | Linear View

Some things can't be measured by ROI.

An Architect Wants to Use AI to Rebuild a North American "Xiaohongshu"

Let AI amplify human agency.

Eight Emotions Between Humans and OpenClaw

This is my second growth journal — stay tuned for more!

Not Chasing Trends, But Backing the People Who Create Them: From Jumei to ZhenFund, Yusen Dai Has Navigated Cycles and Stepped Into the AI Era

OpenAI Sora2 Drops, and the "AI Version of Douyin" Arrives | Yunqi Tech π

AI Video Generation Hits the Gas

A Collection of True Stories About AI and Humanity | The 72-Hour AI Survival Challenge

Maybe it'll make you rethink the relationship between humans and AI.

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.

Yusen Dai of ZhenFund: From "No Need to Pay" to "Can't Live Without It," AI Is on Track to Shatter Humanity's Fastest Growth Records

The development of AI is a bit like boiling water — once it hits the boiling point, the arrival of the steam engine will spark a new industrial revolution.

Ban one TikTok, and a thousand TikToks will rise in its place | Undercurrent Worldview

The Perils of Globalization for Chinese Companies

Exclusive | On the Kimi Case, Allen Zhu Spoke With Us for 20,000 Words Straight

On gain and loss.

Baichuan's First AI Application Investment: Building an Investment-Focused Xiaohongshu for Gen Z

When you can have an AI Warren Buffett watching the market for you.

Conversation with "42ZhangJing" Qu Kai: The Earlier You Boldly Believe in AI, the Greater Your Potential Returns | AI Applications 100 Questions

First-Hand Observations on Industry Dynamics, Product Moats, and Founder Traits

10 Facts About 1,000 Chinese Billionaires

The currents of the era, all contained within the sequence.

Yuan Liu of ZhenFund: What Kind of Entrepreneur Stands Out in This Era? | Z Talk

Great investors recognize patterns; great founders break them.

Haiper's Yishu Miao: Video Generation Is Still at the "GPT-2" Stage | 5Y View

Before becoming the TikTok of the GenAI era, Haiper is trying to become Xiaohongshu first.

A Conversation with Chunxiang Zhao: How a Liberal Arts Major Built a Top-3 AI App

An AI app founder who doesn't want to make movies isn't a good writer.

Harry Wang: Where Are the Opportunities for Young People in the Coming Decade of AI?

On June 14–15, 36Kr WAVES New Wave 2024 was successfully held at Langyuan Station·Cangku in Beijing. WAVES means tide — a fitting metaphor for the courage and creative spirit of today's young people chasing their dreams. This year's conference centered on four themes: Ideal and Reality, Technology and Humanities, Exploration and Deep Cultivation, Tradition and Transformation — each addressing topics that resonate deeply with young people. They say life is a wilderness, but

Harry Wang's Counter-Cyclical Bet — Entering the Game --- When the venture capital industry was retreating en masse, Harry Wang made a move that seemed to defy the tide. It was late 2023. The Chinese tech investment landscape lay in near-freeze — fundraising had collapsed, deal flow dried to a trickle, and even seasoned investors were sitting on their hands or pivoting to safer harbors. At Linear Capital, where Wang had spent years as a founding partner, the firm was also tightening its belt, shifting toward more conservative deployment. Wang chose the opposite path. He left. Not to retire. Not to wait out the winter. But to start something new — a fund built for exactly this moment of pessimism, when valuations had cratered and founders with real substance were being overlooked in the panic. "Everyone's talking about risk-off," Wang told me when we met in Shanghai. "But that's precisely when the best opportunities emerge. The question is whether you have the stomach for it." The new vehicle, which Wang has been quietly assembling over the past year, represents a

Is investing a game of guts?

Li Xiang x Li Feng: Behind the "May Day" Travel Data — The Long-Term Trends Easy to Overlook | Li Feng Column

Try looking at it from a different angle.

Huadong Wang: Small Companies, Short-Lived Companies, VC, and the Young People of the Future

Venture capital won't disappear, but it will look very different.

"I want to do 0-to-1 things, to really drive some progress forward" | 5Y Tavern Vol. 13 x Tingting Technology's Chen Rui

Innovation never stops, and neither does the boundless joy of food or the preservation of culinary heritage.

"You're only 36. You can be anyone you want to be."

Never stop moving forward.

The 6 Questions Young People Care About Most: We Asked 17 Founders | FreeS Fund Youth Festival & Graduation Season Special

Passion and conviction are what carry you through the darkness.

"This Is an Ordinary Day" | 2022 in Review

Don't summarize unless necessary.

As Long as You Don't Lose the Domestic Race, You'll Win Globally | Li Feng's New Year Outlook on Consumption

7 Defining Factors That Will Shape the Consumer Market Over the Next Decade

How to Build Your Corporate Brand Strategy from 0 to 1 | FreeS Talk

"Different" beats "better."

5Y News | "Zansi" Raises Tens of Millions of RMB in Series B Funding, to Launch Vertical Brand "Wei Laodi" Following "Mr. Soup"

A bowl of soup, a cat, a restaurant management group.

Is the Internet Destined to Have a Next New Platform? | FreeS Research

Will the new decade that began in 2021 be a better one for entrepreneurship?

FreeS Fund's Li Feng: Consumer Brands Go From 0 to 1 Easily, But 1 to 10 Is Hard | 10/31 Closed-Door Session Registration

When everyone's doing Douyin, Bilibili, livestreaming... what are the truly sustainable dividends?

How did Saturnbird surpass Nestlé and Starbucks to become No. 1 in the instant beverage category during 618? | Frees Fund — Learning from Investment

From 7-Eleven, Zhou Hei Ya, Three Squirrels, and Saturnbird: Understanding the Fundamentals of Consumer Goods Entrepreneurship

Where Does Live E-Commerce End? | Frees Fund

Live commerce is the outcome, not the goal.

Topping Tmall's Double 11 Beauty Rankings, Perfect Diary Wants to Be the New L'Oréal for the Internet Era | A Gaorong Ventures Feature

Tmall Double 11's No. 1 Beauty Brand: The Journey and the Original Vision

Breaking Through for Early-Stage Brands: From Traffic Thinking to Content Thinking | Frees Fund

If all you do is generate exposure, consumers will forget about you just as easily.

Li Xiang × Li Feng: 200 Million New Urban Residents' Consumer Awakening — Who Will "Reap" the Rewards?

Taobao, JD.com, VIP.com, Pinduoduo, and China's Real Estate Sector

[Deep Dive] How Startups Can Ride Douyin's Traffic Wave | FreeS Fund Perspectives

Create content that machines can understand and users want to consume.