Ye Yuan
袁野
袁野 is a partner at 5Y Capital (五源资本), where he has been recognized as one of the firm's key investment professionals alongside founding partner Liu Qin and partner Zhang Fei . He has repeatedly landed on industry best-investor lists, including Cyzone's "40 Under 40 Investors" in 2021 and PEDaily's "TOP100 Investors" that same year , as well as the "Supernova TOP50" investors list in 2022 .
His investment approach, as he described in a 2022 暗涌Waves interview, emphasizes depth over breadth: he believes in minimizing cross-sector expansion and maintaining humility when entering new domains, accepting that mistakes are part of the process . He views investment as a high-risk industry where the goal is optimizing returns rather than risk, preferring concentrated, careful bets over diversification . This philosophy is rooted in his experience through the mobile internet era—he retains a vivid sense of the brutal competition that narrowed millions of apps down to the roughly 50 that survive on most phones today .
袁野 has also written on AI, sharing observations at 5Y Capital's 2024 partner meeting on how the technology is reshaping creative production and user experience . He was involved in 5Y's early backing of Kuaishou, joining partner Zhang Fei in meetings with founder Hua Su at the company's original office in a Wudaokou apartment back in 2011 .
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Coverage
Models, Tokens, and Organizations in the Post-Scaling Law Era | 5Y Quarterly
We can only see a short distance ahead, but we can already see that there is much to be done.
January, Emergence, and Prologue | 5Y News Monthly
The big news from last month.
Innovation Often Happens Where No One Has Gone Before | 5Y News Monthly
The big news from last month.
5Y Yuan Ye: Five Perspectives on Understanding AI Entrepreneurship | 5Y View
True innovation isn't about walking the old path faster — it's about having the courage to blaze a trail no one has taken before.
5Y News|Hypershell Raises $70 Million in Pre-B and Series B Funding
Leading the Consumer Exoskeleton Into a New Era
Hypershell Closes Two Rounds Totaling $70 Million in Funding
Toward a Future Where Everyone Is "Iron Man"?
Changing Every Today for Tomorrow | 5Y News Monthly
The big news from last month.
Trailblazers Carry Their Own Wind | 5Y News Monthly
The big news from last month.
Conversation with YouWare's Ming Chaoping: They're Skeptical That AI Coding Is a New Form of Creation — and I'm Thrilled | Z Talk
The promising AI product founder chose a path few others dared to take.
Miracles Come from Perseverance | 5Y News Monthly
The big news from last month.
January: Arriving at the Realm of Infinity | 5Y News Monthly
The big news from last month.
Every Page You Turn Is Shaping a Brand-New You | 5Y New Year Reading List
How to start a new year.
September: Stay Deliberately Curious | 5Y News Monthly
The big news from last month.
Confidence Is Tomorrow's Trailblazer | 5Y News Monthly
The major events that happened last month.
5Y Capital Yuan Ye: Some Observations on AI | 5Y View
The best way to predict the future is to create it.
Change Begins with What You See | 5Y News Monthly
The big news from last month.
Geoffrey Hinton: Going All-In on Bigger Models to "Predict the Next Word" | 5Y View
Digital systems have advantages that humans simply cannot match.
Action Is the Simplest Method | 5Y News Monthly
The big news from last month.
The beginning of a miracle often lies within the thing itself | 5Y News Monthly
The big news from last month.
You Yourself Are the Newest Year | 5Y News Monthly
The big news from last month.
How Do Consumer Brands Survive Cycles? | 5Y View x Make Essense x Surpine
Great brands are built through endurance.
January, a Fresh Start | 5Y News Monthly
The big news from last month.
Saying Goodbye to 2023 With 19 Books | 5Y New Year Reading List
Happy New Year!
December, the Road Keeps Extending | 5Y News Monthly
The big news from last month.
The Day Munger Died: 18 WeChat Moments About Him
Mourning the Passing of a Wise Mind
Greatness Is Built One Moment at a Time | 5Y News Monthly
The big news from last month.
August: Keep Pushing Forward | 5Y News Monthly
The big news from last month.
Congratulations to Keep on Its Successful Hong Kong Stock Exchange Listing | 5Y News
Set the world in motion.
July: The Courage to Keep Believing | 5Y News Monthly
The big news from last month.
"Belief" has its own pendulum, but innovation never stops | 5Y View
Time rewards the builders who create insane value.
June, the World's Childhood | 5Y News Monthly
The big news from last month.
5Y News | Portfolio Company DataBlackhole Closes Nearly RMB 100 Million Series C2 Round
Toward "Enterprise-Grade."
Finding True Non-Consensus: Time as a Moat | 5Y Capital Partner Meeting Recap
Focus only on things that are absolutely meaningful.
January: Toward Broader Horizons | 5Y News Monthly
The big news from last month.
Books remind us that tiny pages can hold entire universes | 5Y New Year Reading List
Here's to discovering an even bigger universe in the year ahead.
From the Big League to the Niche: The Glory Days of a Generation of Chinese VCs
How they will rethink fame, cycles, and investment.
5Y News | Functional Athletic Base Layer Brand *Surpine* Closes Tens of Millions of RMB Angel Round
Explore the exhilarating freedom that sports bring to body and mind — alongside every sports enthusiast.
The unthinkable is precisely what can be thought. | 5Y News Monthly
The big news from last month.
5Y News | "Daily Dark Chocolate" Raises Two Consecutive Rounds of Over 100 Million Yuan Each
Bring products that are both delicious and health-innovative to an ever-growing number of consumers.
The world begins anew each day in a light that is forever fresh. | 5Y News Monthly
The major events from last month.
Metaverse Ecosystem Platform Oasis Raises Tens of Millions of Dollars in Series B Funding | Led by Oasis Capital
Hearts of Iron
5Y News | Metaverse Ecosystem Platform *Oasis* Raises Tens of Millions of Dollars in Series B Funding
Explore and create new order.
Ways to Start the New Year | 5Y's New Year Book & Film Recommendations
On intellect, wonder, and imagination.
5Y News | Portfolio Company DataStart (奇点云) Closes Over 200 Million RMB in Series C1 Funding
Stay firmly focused on the data middle platform.
October is full of hope and fervor | 5Y News Monthly
The major events from last month.
5Y Capital Wins Multiple Annual Awards from 36Kr and ChinaVenture | 5Y News
5Y Capital will continue to seek out entrepreneurs with bold visions for the future, providing full-stage, ultra-long-term support.
5Y Capital's Yuan Ye and Liu Kai Named to 36Kr's "36 Under 36 Outstanding Investors" List | 5Y News
5Y Capital will continue to seek out scarce founders.
5Y News | Chinese Emerging Designer Brand "bosie" Closes New Funding Round of Several Hundred Million Yuan
Break free from constraints. No divisions, no boundaries.
September, When Hope Will Break Through Like the Sun | 5Y News Monthly
The big news from last month.
5Y Capital Wins Multiple Awards Including "2021 China Venture Capital Firm of the Year" | 5Y News
Continuously searching for scarce founders.
The Important Thing Is the Continuous Accumulation of Every Moment | 5Y News Monthly
What were the major events last month?
5Y Capital's Yuan Ye Named to Cyzone 2021 "40 Under 40 Investors" List | 5Y News
Looking for founders who are full of imagination about the future.
The past has become the future, the future has become the past, and both have become the present | 5Y News Monthly
What major events happened last month?
5Y Capital's Qin Liu, Steven Zhang, and Yuan Ye Named to 2021 PEDaily "TOP100 Investors" List | 5Y News
On May 20, the 2021 "Investor TOP100" ranking was officially unveiled. The list was jointly initiated by PEDaily, China's entrepreneurship and investment professional portal under Zero2IPO, and Zero2IPO, with data support from the China Venture Capital and Private Equity Big Data Platform, PEdata. **Qin Liu, Founding Partner of 5Y Capital; 5Y Capital; and Yuan Ye, Partner at 5Y Capital, all made the list.**
5Y News | Premium Chocolate Brand "Daily Dark Chocolate" Secures Two Consecutive Funding Rounds Exceeding 100 Million Yuan Each
Shift consumers' traditional perception of chocolate.
5Y News | Aromatherapy skincare brand *Zhuben* closes two rounds totaling $50 million in funding
A holistic wellness brand that embraces the philosophy of "less is more."
To Better Kick Off March | 5Y News Monthly
The major events of February.
The Meaning of Inward Exploration | 5Y Spring Festival Books & Film Recommendations
The new year approaches; wishing you spring's blessings.
5Y Talk | A Conversation with Kuaishou's Hua Su: The Foundational Principle Is Altruism
On Adventure, Perception, and Inspiration.
5Y News | Kuaishou, a 5Y Capital portfolio company, lists on the Hong Kong Stock Exchange. Congratulations to Kuaishou!
Here's to Kuaishou — may it thrive endlessly, connect all things, and create more beauty and order!
5Y News | Men's Grooming Brand "理然" Closes Nearly RMB 150 Million Series B Round
The next generation of male consumers is continuously evolving in their grooming and personal-image needs.
5Y News | 5Y Capital Portfolio Company StartDT (奇点云) Closes RMB 80 Million B2 Round
Openness and mutual success: building a new cloud-based, data-intelligent business together.
5Y News|Keep Closes $360 Million Series F Round, 5Y Capital Continues Backing
Exercise is just a Keep moment.
5Y News | Three 5Y Capital Partners Named to Forbes China's "2020 Best Venture Capitalists in China" List
Qin Liu, founding partner of 5Y Capital, and partners Zhang Fei and Yuan Ye of 5Y Capital all made the list.
5Y News|Zilliz Raises $43 Million, Setting New Global Record for Series B in Open-Source Infrastructure Software
Zilliz announced the completion of a $43 million Series B funding round, with continued support from 5Y Capital.
5Y Capital Day 1: The You Others Thought Was Crazy, Starting to Be Believed
Setting out anew — the same team, the same founding vision.

































































