Xudong Cao
曹旭东
Xudong Cao is the founder of Momenta, the autonomous-driving company he started in 2016 at age 30 after leaving SenseTime. Per ZhenFund's profiles of him, he's a Tsinghua University graduate who worked at Microsoft Research Asia and SenseTime, accumulating over a decade of AI R&D and management experience before striking out to build what he calls a "data-driven autonomous driving" approach — framed in a 2025 ZhenFund interview as the "one flywheel, two legs" strategy . ZhenFund has skin in this story: partner Yuan Liu was Momenta's first-round investor, recalling that autonomous driving was "an irreversible trend that would arrive sooner or later" .
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Coverage
Momenta Goes Public: A Decade Together, the First Physical AI Stock
Congratulations on Momenta's IPO — together toward a physical AI future
ZhenFund and Momenta's Ten-Year Journey, as the "Physical AI" First Stock Goes Public
Volume production deployments have surpassed 1 million units.
Summer Glimpses | Z News
Let's take a look back at the highlights from May, and invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
Momenta R7 Reinforcement Learning World Model Achieves First Mass Production, Opening a New Chapter in Physical AI | Unity Ventures Portfolio Shines at Beijing Auto Show
Physical AI Moves From Technical Concept to Mass Production and Real-World Deployment
Who's the World's Top FA? Not Fan Bao
"Not Fan Bao" April 27, 2026 Qiu Mu *Burying AI* If you clicked on this headline, you probably already know the answer. Allow me to formally introduce — the unicorn factory that hit a $1.3 billion valuation before its product even officially launched, the King Maker holding several "AI Douyins" and world-model projects, the benefactor of Lovart's Melvin Chen on his road to success, the Farsighted Capital that uses Wu Ma as its own Dou+. As the most accomplished player in the current meta of China's venture capital market...
Light Always Finds Its Next Landing Point｜Z News
We look back on the "highlight moments" of the past October and invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
Greener Pastures, First Flickers of Ambition | Z News
The light and shadow grow richer; a story is brewing.
A Conversation with Cao Yue of Sand.ai: Farther from Sora, Closer to the Endgame
An adventure that tried to break free from inertia.
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.
127 startups founded by Tsinghua alumni, all backed by this one fund
On average, one out of every six companies ZhenFund has invested in comes from Tsinghua University.
Late Summer Sun, Breezes Bringing Autumn | Z News
A gentle breeze blows warm and pleasant.
Summer rains bring gentle relief, good things flourish like green grass | Z News
Long, languid July.
A Conversation with Momenta's Cao Xudong: Beyond Moore's Law for Autonomous Driving | Z Circle
The hardest choice is not changing your original choice.
