Xiaomiao Langcheng
小苗朗程
Xiaomiao Langcheng (小苗朗程) is an early-stage venture capital fund whose managing partner Fang Zhenghao (方正浩) has been particularly active in AI investments. As of late 2024, Fang described the firm's pace as "going all-in on AI" with nearly 30 investments for the year, while also personally pursuing an EMBA at CEIBS and making repeated trips to Silicon Valley . The fund appears frequently as a repeat or follow-on investor in robotics and AI deals — it was among the existing backers that re-upped in Noematrix's Pre-A++ round in early 2025 , and it led the angel round for an unnamed company that later drew Prosperity7 Ventures and Guangfa Xinde as co-leads in a subsequent round . Xiaomiao Langcheng's profile has risen alongside the broader AIGC investment wave since late 2022, with Fang noting that ChatGPT's breakout in March 2023 brought "unprecedented peaks of excitement and underlying concern" about AI .
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Coverage
Noematrix, an embodied intelligence company, has completed a Pre-A++ funding round of several hundred million RMB, with Yunqi Capital participating | Yunqi Capital
Advancing the Large-Scale Commercial Deployment of Embodied AI
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By Elune, edited by Jiumu, curated by Eason On July 19, Meta, Facebook's parent company, released the Llama 2 large language model, making it freely available for both research and commercial use — widely hailed as the most powerful open-source alternative to GPT-4. This marks a significant shift from the previous landscape, where numerous global large language models were built on Llama but constrained by its inability to be used commercially at no cost.
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In mid-August, at the "16th China Investment Annual Conference & Annual Summit" hosted by ChinaVenture, Songyan Huang, Managing Director of Linear Capital, joined a panel discussion on "Made in China: From Following to Leading" and shared his perspectives on the topic.
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