Podcasts

Vol.09 How Should Search Engines Work in the Agent Era? A Conversation with Yu Chen and Zhiheng Du on AI "New Infrastructure"

Vol.09 How Should Search Engines Work in the Agent Era? A Conversation with Yu Chen and Zhiheng Du on AI "New Infrastructure"

云启资本·
E03. Wang Boyan: To Live Is to Exist Toward Death

E03. Wang Boyan: To Live Is to Exist Toward Death

绿洲资本·
A Conversation with He Tao, Former XPeng Co-Founder: On My Second Act, Redefining Smart Electric Motorcycles in Southeast Asia

A Conversation with He Tao, Former XPeng Co-Founder: On My Second Act, Redefining Smart Electric Motorcycles in Southeast Asia

真格基金·
A Conversation with Li Yafei of ClackyAI: Vibe Coding Is the Starting Point; the Endgame Is a Fully Automated Software Delivery Factory

A Conversation with Li Yafei of ClackyAI: Vibe Coding Is the Starting Point; the Endgame Is a Fully Automated Software Delivery Factory

真格基金·
Three post-90s PhDs from HKU want to give every mobile robot a hippocampus in the future

Three post-90s PhDs from HKU want to give every mobile robot a hippocampus in the future

真格基金·
E02. Li Shanyou: Purity Means Holding Nothing Back

E02. Li Shanyou: Purity Means Holding Nothing Back

绿洲资本·
A Conversation with Huang Xiang CEO Yi Wang: Five Years, Three National No. 1s, Champion Breakfasts Designed for Kids — How Huang Xiang Is Reshaping Morning Meal Habits

A Conversation with Huang Xiang CEO Yi Wang: Five Years, Three National No. 1s, Champion Breakfasts Designed for Kids — How Huang Xiang Is Reshaping Morning Meal Habits

真格基金·
E01. Opening: When the Noise Fades, Life Begins to Grow

E01. Opening: When the Noise Fades, Life Begins to Grow

绿洲资本·
Vol.08 Creating Agents with Agents? A Chat with Yunqi Capital's Chen Yu and Creao AI's Kai Cheng on the New Agent Infra Ecosystem

Vol.08 Creating Agents with Agents? A Chat with Yunqi Capital's Chen Yu and Creao AI's Kai Cheng on the New Agent Infra Ecosystem

云启资本·
A Conversation with the Founders of YuanGu and TangSuo: The Pursuit of Beauty Is a Lifelong Quest

A Conversation with the Founders of YuanGu and TangSuo: The Pursuit of Beauty Is a Lifelong Quest

真格基金·
A Three-Way Dialogue on AIGC Creativity, Product, and Investment: Will the Future Pixar Be Born Inside an AI Company?

A Three-Way Dialogue on AIGC Creativity, Product, and Investment: Will the Future Pixar Be Born Inside an AI Company?

真格基金·
CreativeFitting Founder Zhu Jiang: Building a Super Content Platform for the AI Era — Fundraising and Self-Sustaining Revenue Must Go Hand in Hand

CreativeFitting Founder Zhu Jiang: Building a Super Content Platform for the AI Era — Fundraising and Self-Sustaining Revenue Must Go Hand in Hand

真格基金·
Vol.07 LLMs on Wheels: How "Attuned" Could Cars Get in 2025?

Vol.07 LLMs on Wheels: How "Attuned" Could Cars Get in 2025?

云启资本·
A Conversation with Zhaogang Group's Wang Dong: One Team, One Email, Thirteen Years of Building Zhaogang --- When Wang Dong, founder of Zhaogang Group, sent that email thirteen years ago, he didn't know he was assembling what would become one of China's most resilient B2B platform teams. The email went out to a small group of former colleagues and industry contacts. The subject line was simple, almost too simple for what it would set in motion. They were going to digitize steel trading — an industry notorious for opacity, fragmentation, and old-school relationship-based dealmaking. "We were basically a group of people who understood steel but didn't understand the internet," Wang Dong recalls. "And somehow that turned out to be an advantage." The early years were brutal. Steel is a commodity business with thin margins and entrenched middlemen. The platform model required convincing buyers and sellers — many of whom had operated through personal networks for decades — to transact online. Trust had to be built transaction by transaction. What separated Zhaogang from the wave of B2B platforms that emerged in the mid-2010s was operational discipline. While competitors burned capital on rapid geographic expansion, Wang Dong's

A Conversation with Zhaogang Group's Wang Dong: One Team, One Email, Thirteen Years of Building Zhaogang --- When Wang Dong, founder of Zhaogang Group, sent that email thirteen years ago, he didn't know he was assembling what would become one of China's most resilient B2B platform teams. The email went out to a small group of former colleagues and industry contacts. The subject line was simple, almost too simple for what it would set in motion. They were going to digitize steel trading — an industry notorious for opacity, fragmentation, and old-school relationship-based dealmaking. "We were basically a group of people who understood steel but didn't understand the internet," Wang Dong recalls. "And somehow that turned out to be an advantage." The early years were brutal. Steel is a commodity business with thin margins and entrenched middlemen. The platform model required convincing buyers and sellers — many of whom had operated through personal networks for decades — to transact online. Trust had to be built transaction by transaction. What separated Zhaogang from the wave of B2B platforms that emerged in the mid-2010s was operational discipline. While competitors burned capital on rapid geographic expansion, Wang Dong's

真格基金·
A Long Conversation with Yusen Dai on Agents: Every Industry Will Face Its "Sedol Moment" — Is Attention Not All You Need?

A Long Conversation with Yusen Dai on Agents: Every Industry Will Face Its "Sedol Moment" — Is Attention Not All You Need?

真格基金·
Vol.06 2025 AI VC Roundtable: DeepSeek Goes Viral — Who Hit the Jackpot? Who Took the Hit?

Vol.06 2025 AI VC Roundtable: DeepSeek Goes Viral — Who Hit the Jackpot? Who Took the Hit?

云启资本·
A New Year Conversation with Koji: 2025 — The Critical Year for AI, the Dawn of the Agent Era

A New Year Conversation with Koji: 2025 — The Critical Year for AI, the Dawn of the Agent Era

真格基金·
The Evolution of Coding Agents: In-Depth Conversations with Chinese and American Agent Founders, Alibaba Researchers, and Investors

The Evolution of Coding Agents: In-Depth Conversations with Chinese and American Agent Founders, Alibaba Researchers, and Investors

真格基金·
A Conversation with Google DeepMind and LLM Researchers: Deconstructing OpenAI o1 and the LLM+RL New Paradigm

A Conversation with Google DeepMind and LLM Researchers: Deconstructing OpenAI o1 and the LLM+RL New Paradigm

真格基金·
Acquired by a multinational after just five years in your first startup? Ren Dongni, founder of Fanqu, breaks down the game of entrepreneurship and exits --- When Ren Dongni co-founded Fanqu in 2016, the cross-border e-commerce space was already crowded with well-funded players. Five years later, the company had been acquired by a multinational corporation — a relatively swift exit by startup standards. In this conversation, Ren reflects on what it took to build and sell a company, the calculus behind taking strategic investment from a potential acquirer, and why he believes first-time founders often overcomplicate the "game" of entrepreneurship. **On the acquisition decision** "The offer came at a point where we saw the competitive landscape shifting dramatically. Cross-border e-commerce was consolidating, and the platforms with the deepest pockets were starting to squeeze out mid-tier players. We had built something valuable — a supply chain infrastructure and brand relationships that took years to cultivate — but scaling to the next level would have required capital and operational bandwidth we didn't have." The acquiring company, Ren explains, had been a strategic investor in Fanqu's Series B round. "That relationship gave them visibility into how we operated. When they approached us about a full acquisition, it wasn't

Acquired by a multinational after just five years in your first startup? Ren Dongni, founder of Fanqu, breaks down the game of entrepreneurship and exits --- When Ren Dongni co-founded Fanqu in 2016, the cross-border e-commerce space was already crowded with well-funded players. Five years later, the company had been acquired by a multinational corporation — a relatively swift exit by startup standards. In this conversation, Ren reflects on what it took to build and sell a company, the calculus behind taking strategic investment from a potential acquirer, and why he believes first-time founders often overcomplicate the "game" of entrepreneurship. **On the acquisition decision** "The offer came at a point where we saw the competitive landscape shifting dramatically. Cross-border e-commerce was consolidating, and the platforms with the deepest pockets were starting to squeeze out mid-tier players. We had built something valuable — a supply chain infrastructure and brand relationships that took years to cultivate — but scaling to the next level would have required capital and operational bandwidth we didn't have." The acquiring company, Ren explains, had been a strategic investor in Fanqu's Series B round. "That relationship gave them visibility into how we operated. When they approached us about a full acquisition, it wasn't

真格基金·